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Articles Archive for February 2006

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[28 Feb 2006 | No Comment | 329 views]

Adequate capital is critical for the success of every business. Many businesses fail because of lack of funds. You need money at every step of your business, be it expansion, modernization or diversification. Any business requires both short term and long term funds. Short term funds are required to meet the short term needs of a company, i.e. purchasing raw material, paying wages, overhead expenditure, etc. Long term funds are required to meet long term business needs which include acquiring fixed assets – land, building, machinery, etc.
Companies raise capital from two sources – equity financing and debt financing. Equity financing involves raising money through the allotment of the company’s shares to the public. This way, whoever buys the company’s shares becomes an owner of the company. Besides individual investors, other companies and financial institutions also buy shares. Venture capitalism is a type of equity financing. A venture capitalist invests money …

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[28 Feb 2006 | No Comment | 300 views]

Lending business is one of the oldest businesses of the world. Right from the ancient times, people have been longing for money for one thing or the other. Then there are those who have excess of money. Such people grant loans to those who are in a need for money. The lender lends money to the borrower.
People need loans for various purposes. There are several types of loans depending upon the purpose they solve. One of the most common types of loans is a home loan. A home loan is taken out to purchase a house. It is secured against the house that is being purchased. A home loan that you take out to buy a second house may be given against your primary residence.
You can also take out a debt consolidation loan to consolidate all your unpaid credit card bills and other unsecured loans into a single manageable loan. …

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[28 Feb 2006 | No Comment | 284 views]

A secured personal loan is a loan that is secured against collateral which is usually your house. The collateral acts as a security to the creditor so the creditor is rest assured of the repayments. In case of non-payment of the loan amount, the creditor can repossess your house. So, you take a lot of risk while taking a secured personal loan.
On the other side, a secured personal loan comes with many advantages. Since it’s a secured loan the rate of interest charged as well as the Annual Percentage Rate (APR) is very low. The monthly installments are very small and the repayment duration is long. The lenders do not hesitate to grant you a large sum of money in case of secured personal loans, as they grant the loan on the value of your house.
In UK there are a good number of lenders who provide loans ranging between £ …

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[28 Feb 2006 | No Comment | 365 views]

Who doesn’t want to possess a car? After all it serves many of our purposes. You go to your office; you take your children to school, you go for shopping, go to parties, go for picnic and so many other places. Wherever you want to go your car is your companion. It has become such an essential aspect of our lives that many people can’t imagine living without a car.
Buying a car is not that difficult these days as there are a number of lenders who are ready to provide you car loans at low interest rates. But, what if you are having a bad credit score? A bad credit record essentially means that you have not been able to repay your previous loans, you might have faced the problem of Country Court Judgments (CCJs) or you are having a lot of arrears due on you. In such cases it …

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[28 Feb 2006 | No Comment | 324 views]

What do you do when you fall in the need of money and you have no property to offer as collateral to the lender? You take an unsecured loan to fulfill your financial requirements. But are you well aware of the pros and cons of availing an unsecured loan? You must have a clear understanding of what these unsecured loans are and how can you extract maximum benefit out of them.
An unsecured loan is that kind of a loan that is provided to the borrower only on the basis of a written promise of repayment. There is no need of keeping collateral before the lender as security to the loan. So, the lender is at maximum risk in case of unsecured loans while the borrower takes least risk. This is why the lender charges a high interest from the borrower. The term fixed for the repayment is short and the …

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[28 Feb 2006 | No Comment | 360 views]

Starting a new business may seem like a daunting task, but if one goes by proper planning and is careful to choose the right one, then it can be a cakewalk. The biggest turn off when starting a new business is the Finance but as said if planned in advance then arranging finance can be one of the easiest thing to do when starting a new venture. The answer to all your business finance needs is BUSINESS LOANS.
For aiding yourself with a business loan, you should have a full proof business proposal. You must be clear as to what and how you want the money and how will you utilise the funds to get maximum returns. A business loan application should have a written description of your business, including the following information:
• Type of organisation
• Date of information
• Location
• Product or service
• Brief history
• Proposed Future Operation
• Competition
• Customers
• Suppliers
Although, …

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[28 Feb 2006 | No Comment | 327 views]

The basic idea behind procuring a loan is to fulfill one’s financial requirements. With a significant rise in consumerism and growing living standard of people, it is inevitable for most of us to avoid money crunch. And to manage our financial crisis we take loans. But, in a number of cases we fail to keep up with the repayments leading to a situation when we have a number of loans at our disposal but we don’t have sufficient funds for repayments.
Many people in the UK face such situation and worsen their credit record. If you fail to keep up with your repayments, face CCJs, you have arrears or you have other credit problems your credit record is said to be bad. In such a situation, it becomes extremely difficult for you to get a loan. Getting a bad credit unsecured loan is more difficult because you can’t provide collateral to …

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[28 Feb 2006 | No Comment | 354 views]

Student loans are offerd to students to assit them in paying the required fees. Student loans are generally lower compared to other loans and is issued by the government most of the time.
Typically student loans differ from country to country. In Australia for example, students can pay for university courses using the Higher Education Contribution Scheme (HECS). The selection criterion for HECS is based on the student’s rank achieved in the secondary school final examination. HECS fees are government-subsidised, and are substantially cheaper than full-fee paying places which have lower entry requirements.
In Canada however, students are normally eligible for loans provided by the federal government, not withstanding the loan offered from province to province. The loan are amazingly interst free untill the student graduates.
Students can apply to the loan through their provinicial residence. The province of residence is normally the place where you lived long before you become a student.
The …

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[28 Feb 2006 | No Comment | 330 views]

If you live in North Carolina, you know that farming plays a significant role in the North Carolina economy. With just over 9 million residents, the “Old North State” features many farms producing a wide variety of agricultural products. Indeed, North Carolina is a leader in the production of tobacco, grapes, sweet potatoes, peanuts, and pork; Tarheel products are sold via grocers all across America. So, how can you get started? By reading the following ideas I have listed.
Financial Institutions – Commercial banks, savings banks, savings and loan institutions as well as credit unions are all good places to go for your North Carolina farm loan. You need to bring with you detailed monetary information including a list of your assets, pay stubs, recommendations, and more. While at the lending institution you will be given the suitable forms and disclosures to help you get going. Depending on which lending institution …

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[28 Feb 2006 | No Comment | 358 views]

Not enough money at the end of the month? Have an unexpected car repair or other emergency? Do you have a bill that has to be paid before your next paycheck arrives? These are all good reasons to apply for a payday cash advance loan.
Payday loans are relatively small, short-term, unsecured, consumer loans. Consumers apply for payday loans through the Internet, with loans ranging from $100-$1500. If approved, the loan amount is then deposited into the applicant’s checking account the next day.
Applying online for a payday loan is quick and easy and offers several advantages over applying at a traditional payday loan or check cashing storefront. You are able to apply directly from the privacy of your home or office computer via the Internet, never having to stand in line or wait in a crowded store. It is much more comfortable and safe applying online than going to a store …