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Online Auto Finance Companies May Be Your Best Chance to Get a Loan

If you are in the market for a new car, you’ll likely need to deal with auto finance companies to get the loan you need. There are different types of lenders that specialize in different credit situations. If you know where you stand as far as credit is concerned, you probably know which type of lender you’ll likely to be dealing with.

The prime lenders are auto finance companies that primarily deal with the major dealerships. They will provide the best interest rates and usually only require the standard information that’s usually required for most auto loans. To get the best rates or get approved, you need to have a good credit history. They may allow a few minor blemishes on your credit report but a low score or major items will be grounds for a rejection.

Many dealerships have a special finance division. This division deals with second tier or sub prime auto finance companies. They provide loans for people with low scores and negative items on their credit report. You will get a car from their dealership but you will pay a higher rate may need to provide additional paper work and proof of income. There is not much negotiating room so you won’t get a great deal on the price of the car. You may also be required to get an extended warranty to protect the lender from default.

Online auto finance companies provide financing to nearly everyone. There are lenders online that only provide credit to people with good credit but you’ll find many companies that provide lending to all credit types. The process is easy because you fill out a short form online. Based on the information you provide, you can get an answer in a little as one minute. You’ll be provided with the maximum loan amount, interest rate, and monthly payment.

Those with challenged credit histories may find it beneficial to shop for loans from online auto finance companies. By getting a pre approval, you know what price range you should be shopping. You don’t need to worry about dealers manipulating numbers to arrive at your monthly payment. Your rate and monthly payment is already predetermined by the online auto finance companies. You just go the dealership and negotiate the best price of the car and drive away.

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Do Car Finance Companies Know That Buyers Want a Reliable Car?

Are you planning to buy a decent and a reliable car? Many of US are searching to buy a new or used car but need car credit loan, most of them would find two different options, 1. Nationalize Bank and 2. Car Finance Company. Before you begin, you need to make sure that auto loan lender or a finance company that you choose is professional and experienced; and understands your car requirements. In the present economic scenario, owning a car loan isn’t a difficult task, and moreover with lots of auto loan providers and multiplicity of options, low interest auto loan rates aren’t something which seems far from reality. Further, there’s intense competition among the auto loan providers, and this automatically adds to the advantage of borrower. But amidst all the positive environment that is available to auto loan borrower, it becomes quite necessary to mention here that auto loan lenders will not provide low interest auto or car loans, until they are not satisfied with your credit score.

If you have a credit score of less than 640, then the conditions becomes sensitive for you, and in such a situation and lenders will think twice before passing your auto loan application for further processing. The most significant fact to know out here before the lender offers an auto loan is to check for credit score and also the past credit score rating. If you have impressive credit score, there’s nothing that needs to be done from your side, except filling the application and providing the proof of your credit report that will be attached with the loan application.

Car finance rates are variable, and this variability depends upon the kind of auto loan that you are going to apply. Again the question of low interest rates comes into the picture if you are searching for the lenders who can offer you the desired interest rates. This will help you to make a choice from the line of luxury cars rather than unwillingly settle for the basic car models. In general, the loan term for the auto loan can be settled between 6-months to 5-years. If you are going for used car loan, the loan term will be automatically reduced. Last, make sure that the new car loan that you hire is easy to repay.

Today due to many lenders in finance business the market of online car financing is highly viable. Individual will find wide range of financing options, but before you begin, consider all the auto financing options available to you. The most efficient way to avail the best auto financing options is to match the loan quote from multiple lenders. While comparing car loan quote be sure to look at the annual percentage rate (APR) and over-all cost of the entire loan. The whole cost includes amount borrowed, added to the deposit, interest paid and other charges.

Before you jump on to any deal it is suggested that you approach toward professional and experienced auto finance company that will understands your requirements and desire to own a decent car, and also help you with find low interest auto finance. A specialized auto finance company will compare your credit history report and offer you the affordable interest rates for the new or used vehicle financing you needs. This will make you a car owner, without you actually worrying about financial scruples.

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Financing a Small Business – What Alternatives Are There to Finance Your Business?

A lot of reasons exist why you should not only get into business, but also endure in business. You may want to take any of these decisions because of the love of a particular business, because of a need to do so, because you are bound to continue from where someone stopped or because you simply have a feeling to do so. In almost every country of the world, people are looking at the business sector as one of the bests. There are always statistics of these found in all countries. For example, the United States Department of Labor produces statistics which indicate that for almost the first three quarters of last year, unemployment was very high and a lot of people resorted to doing business.

There is no need to trouble yourself on the way your business is going to look like. All that is necessary for you to do is to develop a plan and seek for any of the so many options of securing finance for the business. The following lines are meant to encourage those coming into business and even those already in business to seek for means of financing their businesses:

Loans

This type of finance for a business is common all over the world and it can easily be gotten. In some cases, there is often a belief the loans can easily be gotten by everyone who applies for it. This may be true or false. It all depends on your business plan, the lending policy of the bank and the type and value of security you have. What makes this source of finance much considered is that interest rates on the loans are also reasonable. It should be warned that you should not get into taken of loans without seeking for proper recommendations from experts. Remember that it is always good to know the ins and outs of every type of loan ahead of getting into it.

Angel Financing

This is also another common source of finance that is common among new businesses and even those that are already in existence. What obtains here is that there are so many people who have the willingness and ability to pump finance into any business which have potentials to grow. Angel financing can be a family type. This will involve members of the same family pulling their resources together and investing it to develop a business plan. This is good but not preferable because of the close ties that the members may attach to each other, which may not be best for the health of a business. Angel financing can also be an affiliation angel. This will involve an association of friends willing to see a business plan from conception to completion. Another strand of angel financing is idea angel. These are financiers who are involved at the conception and actual progress of the business. Whatever the form of angel financing that you may opt for, you must get into the set of connections that these angels operate before you can benefit from financing.

Equity Financing

This involves raising money for the business by using what the business owns and can give out to the public. There are individuals willing to pay for equity in the business and even take part in the running of the business. Although this type of financing is common, it may not be available to every type of business. This is the more reason why every business owner must always carry out enough research in order to get the appropriate financing for his or her business.

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Manage Finance

The Myth Of Inventory Finance Companies

Your company carries it. You need to finance it. We’re of course talking about inventory. Discussions with clients reveal a lot of misconceptions around inventory financing in Canada. Let’s try and resolve some of those myths around the financing of your inventory, who the players are, who they are not ( that’s the most common myth ) and we’ll also try and provide some straight forward direction on next steps in your inventory financing challenge.

The overall quality of your inventory management will play a large part in your ability to finance your products, which are a part of the current assets component of your balance sheet. You cannot overlook the importance that an inventory lender will place on your ability to report and count your products. The reality is that most firms are either carrying a ‘ continuous’ or ‘ ‘periodic’ system of inventory control.

So here is solid tip # 1 – be aware that inventory lenders prefer a continuous type of inventory accounting, for all the obvious reasons. Essentially you are counting and monitoring inventory (with the use of software of course!) at all times. That’s a good thing when it comes to a lenders valuation on an ongoing basis and their ability to lend.

You’re company is growing. Unfortunately so is your inventory! And that places a huge drain on your cash flow. The working capital cycle dictates that cash turns into inventory which turns into receivables and then we start all over… that lag can be anywhere from 60 – 120 days, sometimes longer. Never underestimate the problem that higher sales will bring to your inventory financing needs.

Clients typically are looking for inventory financing because the level of investment that you have in product and receivables drains your cash flow. As sales volumes increase your cash flow decreases based on your overall collection period of A/R and of course those inventory turns.

Your sales staff of course never wants to be in a position to tell a customer you don’t have the product they have worked so hard to sell.

Does your company have an inventory financing strategy? The majority of firms we talk to in Canada, certainly in the small and medium business sector do not have access to the inventory financing they need. Do true inventory financing companies exist in Canada? We feel that the answer is generally ‘ no ‘, they do not. However if your firm would consider an asset based lending scenario that in effect takes the place of inventory finance companies in Canada.

Under an asset based lending strategy your inventory is margined for what its worth, by experts who categorically know what its worth. You will enhance your ability to finance your product if you have the controls, reporting, and inventory accounting system in places that makes the inventory and asset based lender ‘ comfortable ‘.

Speak to a trusted, credible, and experienced business financing advisor with regards to inventory financing companies and asset based lenders who will give your product the financing it deserves!

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Financing Your Business

When you are starting or improving a business, you may need to need a way of getting the money you need to help. It is important to make sure you educate yourself on the different types of financing options available. If you need a small amount of money, you may want to use credit cards or a personal loan. This can be an alternative for the capital you need. If you need a larger amount, you can do research on bank loans or bank lines of credit. Some revolving lines of credit can give you a more competetive rate than a traditional loan. To draw on your revolving credit line, you simply write a check in any amount, up to your available credit limit and deposit it into your regular business checking account. You then repay the amount borrowed through monthly payments that can usually be deducted directly from your business checking account.

The interest rate on a line of credit is based on the prime rate of interest and fluctuates as the Prime Rate changes. Another option for raising capital for your business, is to look into getting a Small Business Administration loan. The SBA guarantees loans from commercial banks that provide the capital for the business loans. Another option to consider for a way to get business financing, is to look at a business installment loan. This is a fixed or variable rate loan, available in amounts from $3,000 to $350,000 for a specific length of time. Usually this type of loan is extended for a period of one to five years. These funds can help finance capital expenditures like new equipment, a redesign of your offices, or expanding your business. Another option for raising money you need to finance your business, is through an unsecured working capital loan. These simply are loans for working capital that are unsecured, only based on the credit worthiness of the applicant. If your business has equipment you own, you can get a equipment financing loan.

In this type of loan, you are using the equipment as your collateral for the loan. Equipment Leasing is an easier way to find financing for your equipment needs and obtain tax benefits at the same time. If you are an existing business and take credit cards, you may be able to get a merchant account cash advance. With this type of loan, you are getting immediate cash now in return for a percentage of your monthly credit card sales being taken from the company you took the advance with. It is very important to make sure you have a business plan before trying to apply for business loans. By having a business plan, you are increasing your chances of being approved for the loan you are seeking. If you do your research and fully educate yourself on the type of business financing you are looking for, you will definitely be more prepared and receive the best financing option that is right for your business.

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Manage Finance

What Can Online Car Finance Companies Do for You?

People who want to buy a new or used car but need car credit. Most people will have 2 options, high street bank or car finance company. Bank only lend to customers who have a current account or bank with them, also they only lend money to really good credit customers. If you didn’t receive an acceptance from the bank, you will probably need to go on the Internet and look for companies that will offer cheap car loans. The difference is car finance company only provide the money for you to buy a car and the bank will transfer the money into your bank and just pay them back each month.

The advantage of going with a car finance company is they will be able to check the car is HPI clear, the car is not over priced and in good condition. Once you are accept for finance, you can look for the car you want like the money is in your pocket. It will also send the money direct to the car dealer of your choice. This is because most finance company allows you to buy any car from any dealer.

Car finance companies check people’s credit profile to determine how much they will have to pay back each month. Monthly payment will be decide on how much the customers want to borrow, for how long and APR. It will have to come from a main dealer, if there are any faults with the car after a week or two. You can always bring it back to them and ask them to resolve the issue. The customers and the lender don’t want to lose any money or the customer satisfaction on the car loans journey.

Online car finance companies can provide the customers a safe place to obtain the loans and their new car. If the bank just gave you the money in your bank account, maybe you went and brought a stolen or a write off. Make sure you will have a look at the finance company reviews and ask your friends for any good car credit companies they previously used.

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Secrets of Dealing With Equipment Leasing Financing Companies

What’s my rate? Are we approved? What are my rights and obligations under this transaction? What’s the capital of North Dakota… oh sorry, forget that last one..!

And on it goes… these are just some of the many questions that clients ask us when they are looking for assistance in sourcing and negotiating equipment leasing and working with financing companies in that regard. We do acknowledge it’s a big challenge sometimes – the Canadian marketplace is a bit different than its counterpart in the U.S. The finance industry is fragmented, and business owners and financial mangers absolutely could not be expected to know the credit appetite, the asset appetite, and the structuring options available from literally hundreds of firms offering lease financing.

Let’s share some ‘ secrets’ and tips around ensuring you can be successful in your equipment financing strategy. First of all, different strokes for different folks – what do we mean by that? Simply there are number of very well published ‘ equipment leasing benefits ‘ offered by finance firms. Do they all apply to your firm? Probably note, so focus in on understanding which benefits of lease financing work for you, and then… maximize them! Through effective negotiations.

For the record those benefits usually include payment structuring to your cash flow, tax advantages, upgrade and return options, and simply being an alternative to traditional debt and loan negotiation. Oh and we forgot one other key benefit, its generally recognized that lease financing credit approval is significantly easier to obtain than bank term debt or other loan mechanisms of a more traditional nature.

Psst… Want to know another secret. Here’s a good one, that almost no transaction is too large or too small for the Canadian equipment financing market. So, if it makes sense to lease a 2000.00 photocopier consider it, and if you’re buying a corporate jet for 3 Million dollars, there is a lease approval for that asset also.

If there is on obvious secret or tip that most owners miss it’s simply that when it comes to any type of ‘ technology ‘ you should consider equipment leasing with financing companies that are knowledgeable about the asset. We are mostly talking about computers, but the tech universe today covers telecom, and many other types of assets. Technology changes, tech assets depreciates very quickly, and the best kept secret in town is often a technology operating lease, allowing you full use, but not ownership, of the asset.

Many clients seem confused by the ‘ lingo’ used by financing companies. You can be forgiven for not knowing ‘ off balance sheet leasing, residuals, fmv, all in rate, amort, ‘ etc, etc etc. So the best and final secret we can probably provide for you is simply to search out a trusted, credible, and experienced Canadian business financing advisor who will help you identify priorities and finalize equipment leasing success for your asset acquisitions.

Oh and by the way. Bismarck. That’s the capital of North Dakota.

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Finance Companies In Orlando, FL – The Top 10 List

Can you live without Finance? I can bet you can’t. Here is a Top 10 of Finance Companies in the Orlando, FL area. This list was compiled and ordered by how frequently the Finance Companies’ information is kept in people’s digital address books. The Finance Companies that are used more frequently are stored more frequently. The No.1 Finance Company on this list has been stored the most amount of times by Orlando residents. Generally, people only store a business’ information in their address books if they are satisfied with the provider’s service and wish to engage in repeat business.

The 10 most popular Finance Companies of Orlando:

1. Mortgage Architects Incorporated (1066 people stored this Finance Company in their digital address books) (407) 737-3552 3361 Rouse Rd Ste 140 – Orlando, FL 32817

2. Corporate Management Advisors Incorporated (1044) (407) 869-1817 785 Douglas Ave – Altamonte Springs, FL 32714

3. Lsq Funding Group Lc (758) (407) 206-0022 1403 W Colonial Dr – Orlando, FL 32804

4. Central Florida Home Equity (363) (407) 660-2220 1001 N Lake Destiny Rd – Maitland, FL 32751

5. Rj Twitty & Company … (257) (407) 622-1888 400 S Park Ave – Winter Park, FL 32789

6. The Cit Groupconsumer Finance (214) (407) 660-1440 901 N Lake Destiny Rd Ste 376 – Maitland, FL 32751

7. Trinity Financial (198) (407) 523-1980 933 Lee Rd – Orlando, FL 32810

8. CFO Strategic Partners (194) (407) 426-8288 811 N Magnolia Ave – Orlando, FL 32803

9. Capital Corporation Merger & Acquisitions Incorporated (193) (407) 540-0142 390 N Orange Ave Ste 800 – Orlando, FL 32801

10. Golden Florida Management Incorporated (162) (407) 331-4300 115 Maitland Ave – Altamonte Springs, FL 32701

Finance Companies are happily ready to lend their clients the money they need to help them cover up any emergency demands they might experience.You can borrow money on the strength of your next payroll check. The loan you have borrowed is generally debited from your account. But, be very careful in choosing right and trustworthy Finance Company or else you’ll find yourself up to the neck in debt. This List is made to help you to find Finance Companies in your locality.

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Financing a Business – Equipment Leasing Vs Business Loans and Cash

There are three main options when financing your business equipment: paying cash, bank business loans and equipment leasing.

To better explain the different options of financing a business, we’ll use a real world example.

ABC Foundry – A Real World Business Financing Example

ABC Foundry needed to upgrade its melting equipment to meet the increased demand for truck replacement parts they are projecting to have in the next several years. The key equipment included two Power Supplies – 480 V input; two sets of high conductivity water cooled drop bars; two sets of Water Cooled Power Leads; two steel frame furnaces; a nonferrous closed pressurized water cooling system; and three electric cranes. Their total cost was $340,000.

In this example, management considered the options of equipment leasing, bank business loans or paying directly with cash.

Equipment Leasing vs. Cash

Due to ABC Foundry’s overall leverage, cash was not a viable option for financing its business. Even if it had the cash available, paying cash may not have been the right decision. According to a Dun and Bradstreet survey, the average company earns 15% on the money that is left in the business. Even if earnings were at 10%, the company is still better off using equipment leasing. Furthermore these examples don’t include the positive tax consequences of writing off the lease payments. Equipment leasing also provides a hedge against inflation and keeps cash available for tougher times. Paying cash requires paying for the equipment before it is productive.

Equipment Leasing vs. Business Loans

The management of ABC Foundry quickly dismissed cash as an option, then considered a business loan from a bank. The company had $300,000 available on its $500,000 credit line, and the bank was willing to restructure the relationship to include the business equipment loan with a 20% down payment.

The bank offered a five year 9% loan with a down payment of $67,484, the amount financed would have been a loan of $269,934 and monthly payments would be $5,605. The terms were favorable but the net result would stretch the company’s bank credit availability.

The Option Chosen for Financing a Business

After considering the alternatives for financing their business equipment, management decided to choose equipment leasing over business loans or cash. This allowed them to conserve the cash required for the bank loan down payment, and preserve the company’s bank borrowing capacity to support the company’s anticipated growth. The lease also gave them greater tax benefits.

This is one example of how leasing became an important ingredient of a capital expenditure program. Although equipment leasing isn’t always the answer when financing a business, leasing is one of the most flexible means of equipment financing for a business. Leasing comes in all shapes and sizes and can make sense for small and large equipment of all types. Consider all types of equipment leases when making your business financing decision.

Choosing an Equipment Leasing Company for Financing a Business

After deciding that your company wants to lease equipment, you have to decide where to go to for a leasing company. There are several different categories of lease companies based on size of the transactions that companies work with. A micro-ticket company only works with leases between $1,000-$25,000, a small ticket lease company is between $5,000-$250,000, a mid-ticket lease company is $250,000-$5MM, and a large ticket lease company is over $5MM.

Investigate all of your options for financing a business – business loans, cash and equipment leasing. Is equipment leasing right for your business?

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Hajj Fund bailout Banking Protest

Hajj Guidance Group (KBIH) in Depok protest sharia banking primarily enforces the bailout program to ease the cost of the pilgrimage.

With the loan or bailout programs, the public can make a pilgrimage easily despite having only a little money in a savings account.

The program is being protested because the waiting list the Hajj in Depok swell until 2017, any pilgrims who made the pilgrimage to have to queue until 2017.

Chairman KBIH in Kampung Lio, Pancoran Mas Depok, Habib Idrus Al Gadhri said the government especially the Ministry of Religious Affairs in order to review the bailout program enacted banking. Banks usually do auto debit system enforces a certain amount in a savings account customers, and lend bailout costs pilgrimage, and is paid in installments.

“If it can be reviewed, sorry for the many pilgrims who have deposited cash already prepared themselves from the far-away days for the pilgrimage, this time it is only such banks have money in the account is cut Rp2, 5 million and coupled with the bailout that hinder queue pilgrims waiting lists getting longer, ”

Idrus added of Islamic law is that program should be studied further. However, if the interest payment is included usury laws.

“I believe that baseball is a bailout program, by 2014 all pilgrims can go. Because now it is too easy to have a Rp 5 million pilgrims can immediately have the number the more the waiting list.’s Average effect on ONH receiving bank. If life becomes usurious interest, but banks usually call ujroh or expenses, “he said.

Even today, he said, many pilgrims also touts the system of Multi Level Marketing. According Idrus of the total number of pilgrims in Depok as the 1800s, 60 percent of which participants bailouts.

“Then it’s as if – as if no purchase quota. Allegedly indeed every KBIH also be fee Rp 150 thousand per one customer of the bank, I do not want to like it, really pilgrimage would seem like the motor credit,” he said.