Even with the presence of numerous discussion threads on the internet, there are hardly any which deal with payday loans in detail. Some look at loans with suspicion, others revolve around the economic problems which have led to such a scenario. But there is one point where everyone is unanimous, that is, cash loans are good solution if they are handled well. Payday loan in actuality can solve your cash problems especially when they are negotiated upfront directly from lenders to determine the loan system and any legal obligations arising from it.One of the arguments given by opponents of payday loan schemes is the heavy interest rate which is attached with them. Though everybody is ready to pay some money for availing cash benefits, but the question is whether payday loans are beneficial when their interest rates are considered? When compared to regular loan schemes which are also available and competing with payday loan schemes, there are few schemes which provide short term loans without any property being used as collateral. And this ease and convenience is only provided by payday loan schemes which provide short term loans without any collateral.In payday loans, the lenders directly lend the borrower certain amount of money which he has to pay back to the lender along with the interest on the day the borrower receives his pay check. This scheme is useful in times of urgency or immediate need of cash funds. Getting payday loan is very easy from the lender as it requires a very limited amount of paperwork and documentation. And the money is given to the borrower immediately after the application for the loan has been made.Internet provides a cheap and fast way to apply and receive a payday advance. Lenders have increasing shifted to online transaction systems and provide their services at the click of the button. Now the applications can be submitted directly through the internet without any delay and tiring paperwork saving time, energy and resources for the borrower. Another added benefit of online lending is that the required amount is transacted in less than day after the application has been submitted by the borrower.The red tape and lengthy documentation procedures which caused delay and embarrassment are things of past. The payday advance schemes do not require mortgages nor demand heavy paperwork making the entire exercise comfortable and easy.The entire procedure is very easy and is different from conventional loan application procedures. Payday advances does not require credit history check of the applicant thereby eliminating the ground of refusal on the basis of poor credit history of the applicant. Also, it does not require any security when you apply for loan. In the end, the benefits offered by payday loan schemes are on all accounts better than those given by regular loan schemes.It is necessary to go through the entire loan scheme when the application for the loan is made. Payday cash advances are short term loans which are provided immediately in return for high interest rate. And there is a heavy late payment fine in case the debtor defaults on his payment. It is better to look at payday schemes as an easy way to draw money from your next month’s salary instead of looking at it as borrowing.The bad reputation of payday loans has arisen more from inability of borrowers to pay the sum at stipulated time and consequently defaulting on their loans. They end up blaming the entire lending system for failure which in case was a failure on their parts to repay the loan. The payday scheme is beneficial and also very helpful for those borrowers who understand the working of the scheme. It is a simple way to meet your immediate cash problems.
Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing
Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.
One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.
Business Loans In Canada
Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.
1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general
2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing
3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company
Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!
A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!
When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.
How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.
Three basics always emerge when it comes to your search for the right business capital and financing.
1. The amount of financing you need
2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders
3. How the financing is structured to be manageable with your day to day operations
What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business
Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:
A/R Financing / Factoring / Confidential Receivable Finance
Inventory finance / floor planning / retail inventory
Working Capital term loans
Unsecured cash flow loans
Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.
Royalty finance
Asset based non bank business lines of credit
Tax credit financing (SR&ED bridge loans)
Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.
Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.
If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.
Stan has had a successful career with some of the world’s largest and most successful corporations.
His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.
The Beginner’s Guide to Organic Skin Care Products
Can you imagine a world filled with skin care products that cause ZERO negative side effects? Skin care products that are made with 100% all-natural ingredients that work in harmony with your body’s natural processes? The relief of choosing a skin care product that will most likely provide the results you are looking for?What I’m referring to here is the organic skin care product market. And if many regular skin care manufacturers follow the path that many organic skin care product manufacturers are currently, then the skin care product market will be absolutely revolutionized. However, it’s unlikely that this will happen anytime soon.The problem with the skin care market now is: There are too many companies producing low-cost, low-quality products and selling them at low prices in locations that are easily accessible to consumers. Do you think they’re going to stop selling these products? NO! But we naturally as humans look for the best deal we can get. So these extremely low quality, low priced products are being used by hundreds of thousands of people. And you know what the sad part is? We have no idea what ingredients are being used in them!This is why the organic skin care market is really taking off. Many people are now realizing that they are getting what they pay for- cheap products, with cheap ingredients, that produce cheap results (or lack thereof). Unfortunately, most of the people that are using organic skin care products now are using them because regular skin care products were reacting negatively to their skin and body.What ALL CONSUMERS NEED TO KNOW is they can easily avoid the negative results and side-effects of using a skin care product by using organic and all natural products. Sure they may be a little bit expensive now, but that’s only because they contain the best ingredients from the best sources that produce the best results.Breakthrough ingredients like Functional Keratin (a patented ingredient known as CynergyTK), extracted from the wool of New Zealand sheep, that can be converted to natural keratin, which you already have in your body, and made readily available to the skin. It also stimulates the production of collagen and elastin in your skin, which allows your skin to stay firm and elastic. Many skin care products now claim to have collagen and elastin in their products. However, collagen and elastin molecules are way to large to be absorbed through you pores, leaving the molecules sitting on your skin and making them absolutely useless!Another great organic skin care product ingredient is Nanobelle CoenzymeQ10. CoenzymeQ10 (CoQ10) is a vitamin-like substance found in every cell of your body responsible for efficient energy production and protecting capacity, or antioxidant power. CoQ12 is actually used in many skin care products now, but very few of them contain a sufficient concentration of it in a form that can effectively penetrate the skin. Nanobelle CoenzymeQ10 though is a special ‘nano-emulsion’ form of CoQ10 that can penetrate deep down into your skin. And once again, the “effective” CoQ10 found in most skin care products sits on the surface of your skin, providing no benefit whatsoever. Nanobelle Coenzyme10 also has very powerful antioxidant properties and is proven to counteract free radical damage to your cells and even protect your skin against the sun’s harmful UV-A radiation.One more powerful organic skin care product ingredient I’ll share with you here is active manuka honey. Since ancient times, honey has be used for its wonderful healing properties on the skin. Active manuka honey, exclusively found in New Zealand, has significantly high levels of antioxidants that protect and stimulate your immune system. It can penetrate deep into your skin, nourishing and rejuvenating it, giving you younger and softer looking skin. It’ll even strengthen collagen and protect your body from free radicals. It also has amazing antibacterial properties, making it effective at healing blemishes, including acne and even eczema and psoriasis. Truly power stuff.Can you see the power that organic skin care products are bringing to the market? Can you think of any reason NOT to invest in organic skin products over regular products? Sure they are a little bit more expensive. But if you jump in the market now, and spread the word about organic products, then a higher demand will bring down the prices to a well-affordable level. It’s all economics. It all makes sense. Organic skin care is the future of effective skin care.