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Asset Companies

Sources of Commercial Financing

Right now the ability to lend to businesses is getting greater, but the demand to lend to businesses is also growing at an incredibly fast rate. The amount of commercial debt that is expected to be defaulted on in this country in the next two years is well over one trillion dollars. This is creating a demand for commercial lending that banks providing commercial mortgages likely can not meet. The ability to procure business financing as an entrepreneur is dwindling largely because the days of one stop shopping for commercial loans are over. The bank you once used for nearly all of your business purposes is likely not ready, willing or able to provide you with corporate financing services.

If your bank doesn’t have or won’t provide you the financing your corporation needs and you don’t have the liquid to fund your own expansion, where do you get access to commercial capital? Commercial financing service firms can benefit you greatly in this scenario. The ability to obtain loans for specific purposes might not be knowledge you have, but business financing services firms constantly research and maintain relationships with the commercial financing institutions that specialize in procuring loans for whatever specific purpose you need. Most of these commercial financing providers do not charge up-front fees and can actually save you money by bringing you more competitive business financing options than you might have been able to access independently.

The underwriting process to get business financing is harder than it once was, but with the right credentials, obtaining a commercial loan is still rather easy with the help of the right business financing professionals.

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Asset Companies

Asset Finance Companies Predict Increase in Business Lending

New research from the Finance & Leasing Association has revealed that asset finance companies are cautiously optimistic about business lending over the next 12 months in spite of the troubles many firms have experienced in recent months.

Its most recent quarterly Asset Finance Confidence Survey, which questioned senior executives of the FLA’s Asset Finance Division earlier this month, found that 74% are expecting an increase in business lending in the next three months. This is 6% higher than the corresponding study undertaken three months ago.

An even higher proportion expect a rise in lending over the next 12 months (77%) in the hope UK businesses find it easier to access the funding they need in order to grow and therefore boost the economic recovery.

The figures follow other recent news from the FLA that its members advanced £2.9 billion of new finance to SMEs in the final quarter of 2011 for investment in equipment and machinery. This, coupled with the latest figures from the Asset Based Finance Association revealing £16 billion was released to its members’ clients in Q3 2011, demonstrates just how effective asset based finance has been at plugging the funding gap that Project Merlin has failed to fill, according to Bank of England statistics.

As a result, 72% of those surveyed expect a slight improvement in domestic economic conditions over the next 12 months, which is up 2% on the previous survey, which was conducted in November 2011.

Geraldine Kilkelly, Head of Research and Chief Economist at the Finance & Leasing Association, said: “The cautious optimism shown in the survey reinforces our message to the Government that asset finance has a key role to play in improving the supply of credit to SMEs.

“Asset finance helps small businesses get the equipment they need to compete in tough trading conditions. It is an affordable alternative source of finance for a huge variety of products and equipment.”

Asset finance includes facilities such as hire purchase and finance leases, enabling businesses to purchase new equipment, plant and machinery to support growth without tying up valuable cash – a significant challenge facing the UK’s SME community in recent times.

While hire purchase allows firms to hire an asset from a leasing company in return for regular payments, giving your company full ownership of the asset following the completion of the hire contract, finance leases allow businesses to use an asset a specific time period.

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Asset Companies

Coal Mine Threatens Indian Tiger

India is home to more than half of tigers in the world – 1706 tigers living in the wild, wild animal when it totaled 100,000 at the beginning of last century.

Coal mines to generate electricity is the biggest threat to tigers India. This report was written by environmental campaigners Greenpeace.

They are demanding a halt to land clearing for new mines just a few days after power outages in large parts of India highlighted the shortage of electrical energy.

Conservation of tigers, a sensitive issue in India, making the need to conserve wildlife in dealing with the development needs of countries facing economic growth slowest in nine years. Hundreds of millions of people living below the poverty line in the South Asian nation.

India is home to more than half of tigers in the world – 1706 tigers living in the wild, wild animal when it totaled 100,000 at the beginning of last century.

Emerging Asian countries that have witnessed an unprecedented increase in new coal mines and coal-fired power plant in the past five years, so that the lives of so many endangered animals increasingly threatened, says the report, which aired a few days ago.

Greenpeace, who called the situation “depressing”, said the coal mine have started to affect the tigers in many areas such as Chandrapur in Maharashtra state.

“But there are some other location where the problem is, or will soon, as bad,” said Greenpeace Campaigner Ashsh Fernandes told Reuters, as quoted by Antara on Saturday (04/08).

Government of India, which faces two power outages this week and the power shortage continues, facing strong pressure for additional coal to meet its energy needs are enormous.

Frequent power outages seen as a major disturbance for rapid economic growth, thereby increasing the pressure on the government to allow the development of coal mines.

India has the fifth-largest coal deposits in the world, and the largest producer after China and the United States.

According to the Greenpeace report, if India continued reliance on coal to meet its need for energy, the destruction that has occurred in the sector will double in most areas of central India, which has 80 percent of coal reserves in the country and 35 per cent of the tiger.

In June, the measures to protect endangered wild cat, the Supreme Court of India ordered a ban on tourism in the “core zone” of more than 40 nature reserves for tigers in the country.

Government has been struggling for decades, though often failing, to protect tigers from poachers, who supply cross-border trade that will arouse the tiger, and the loss of animal habitat.