Wednesday, November 28, 2012

Benefits of Business Cash Advance from Rapid Capital Funding

Whether it is a small or medium sized business, excess funds are always required for maintaining its operation. Now you can get this excess cash supply through business cash advance from Rapid Capital Funding. The cash is not only easily accessible but also uncomplicated. This cash advance requires fewer documents and takes shorter time for approval.

What is Business Cash Advance?

Business cash advance from this alternative funding institution gives small business owners an unsecured cash advance up to 0000 within 7 days. These alternative financing solutions, unlike traditional business loans, has a direct link to your transactions as it is solely based on future credit card sales. As a repayment norm, this cash advance purchases only a small proportion of your upcoming credit card sales. Unlike traditional small business loans, this cash advance is much faster and is effortlessly achievable

How Is Cash Advance Responsible For Your Business Growth?

Business cash advance does not ask you for a security collateral or personal guarantee which is a relief for small time business owners. Apart from that, the small business owner does not need to have excellent monetary back up or an extended business history. You are assigned for it without bearing any additional cost like closing fees, hidden charges or startup cost. This cash advance program causes less botheration to you in terms of paperwork.

Take a quick look at the benefits of the cash advance:

Requires no security collateral
Approval is quite quick
You require no personal guarantee
You have flexible payment schedule
You receive your funds within 7 days
Approval rate close is to 95%
No Applications required

Transactions Should Roll Through Credit Cards for Cash Advance

If you are applying for a cash advance program then your monthly transactions should roll in through either debit or credit cards. At the same time the transactions should be a minimum of 00 per month.

Make A Single Page Application for Cash Advance

As this cash advance program is based on future credit card sales so you need to make a single page application comprising of 3 months bank statement and 4 months credit card processing statement.

Basic Requirements of Business Cash Advance Eligibility

The first and foremost thing that you need to do for this merchant cash advance program is make a registration with the United States. In addition to that, your business transactions should be a minimum of 00 through credit or debit card. Lastly, the small business owners should also be current with their lease.

Use Cash Advance for Your Own Business Needs

The alternative funds that you receive can be used for any business purpose like renovation, business expansion, inventory stock building and for that you do not need to give an explanation mentioning the specific use or purpose.

Enjoy a Flexible Pay Back Norm

With business cash advance you don't have the added tension of paying a fixed monthly sum. This cash advance program is directly linked with your business and so you have the liberty to repay as per your business conditions. This means that you pay less when your business does not do well and vice versa. Unlike traditional bank loans, you do not have to undertake any burden of late fees.

Whatsoever is your intention for additional business financing, small business owners can easily avail it and fulfill their credit need.

Tuesday, November 27, 2012

Cheap personal loans

The main purpose of personal loans is to help those who are in dire need of money. Generally, people borrow money when they run out of it or find themselves in financial paucity. In such a situation, expensive personal loans will very much defeat the purpose of personal loans. Borrowers with latest market information know that cheap personal loans are available in the market and they only need to explore the available opportunities.

A market research on the consumers' borrowing patterns reveals that one in every three consumers shop around before taking out a personal loan. Also, those shopping for cheap personal loans turn to smaller lenders. Some lenders offer cheap personal loans against a security to be given by the borrower. The security works as a guarantee for the loan amount and, thus, minimises the lender's risk. The lender with lower risk in the transaction can easily afford to give cheap personal loans to the borrowers.

The general reasons for taking out cheap personal loans include financing a car, consolidating your debts, making your home beautiful, going on holidays, etc. With the changing lifestyle and buy now, pay later' concept in place, many borrowers have started taking out personal loans even for their day to day requirements, like filling gasoline, purchasing store items, paying tax liability, etc.

By 2011, the personal loan market in UK is expected to grow further by 19 per cent. The role of lenders including banks and online private lenders will be significant. The online market in UK is already well developed with a lot of lenders offering cheap loan deals. Different loan plans are there in place for differently situated people. Cheap personal loans take up a considerable size of the financial market. So, whatever your need is, you can rely on cheap personal loans. These loans will help you in almost any condition.

Friday, November 23, 2012

The Texas Governor's Mansion

The Texas Governor's Mansion, which is located a block southwest of the Texas State Capitol Building in downtown Austin, is the most historic home in the Austin real estate market and the longest continuously inhabited executive residence west of the Mississippi River. Built in 1856, the Governor's Mansion underwent construction after the Texas Legislature appropriated ,500 in order for a suitable home to be built for the 5th governor of Texas, Elisha Pease, and his wife, Lucadia.

The mansion is a Texas historical landmark, and the Greek Revival style home was built by master architect and builder Abner Cook, who used buff colored bricks and lumber from Bastrop to build the home, adapting it to frontier life. The mansion, which has floor to ceiling windows and a deep veranda, is cooled in part by wide hallways which provide ventilation in the summer.

The home is basically square with four main rooms separated by a wide hallway down the middle, and there are servant's quarters and a kitchen in the rear wing. The home has two stories encircled by 29 foot Ionic columns which span the building from top to bottom, with the downstairs floor being sixteen feet high and the upstairs floor being 13 feet high.

The home was completed on June 14th, 1856, and the home was six months overdue at the time, causing the builder to pay rent for the Pease family in a boardinghouse until its completion. At that time, the Legislature appropriated ,500 for furnishings, and since the amount was not enough to fully furnish the home, the Pease family used their own furnishings, which was a habit that persisted for the next few first families, since the home was large and quite expensive to provide with ample furnishings.

The next governor, Sam Houston, felt the house was too sparsely furnished, and ordered a massive four poster mahogany bed, which is still situated in the southeast bedroom to this day. Temple Houston, Sam and Margaret Houston's eighth child, was the first child born in the mansion, and at one point, their son, Andrew Jackson Houston, locked members of the Legislature in their chambers and refused to give his father the key. The child was five years old when this occurred, and the child reported only relinquished the key when his father, Governor Sam Houston, threatened to have him arrested.

In 1901, the home was redecorated in the late Victorian style by First Lady Orline Sayers, who brought in plush, overstuffed parlor chairs and numerous potted plants to receive the home's first presidential visitor, William McKinley, and his cabinet. Her husband, confederate veteran Joseph Sayers, met with President McKinley and his cabinet at an elegant state dinner in the dining room of the mansion.

By 1914, the home had fallen into disrepair, and was renovated by Governor Oscar Colquitt, and later, in 1960, the home was landscaped with formal gardens by First Lady Nellie Connally, and the formal gardens are still in use today. Later, in 1979, the home was completely restored by Governor William P. Clements and First Lady Rita Clements, after the Legislature appropriated ,000,000 for the project, and at the time, the mansion had been in use for over 120 years.

Today, there are important art collections and heirloom furniture on display, including a collection of portraits and Stephen F. Austin's writing desk, and the public may tour the mansion with a tour guide provided by the state. The Governor's Mansion in Austin is something for all residents of Austin as well as Texas to be proud of, so be sure and visit the mansion while in Austin!

Saturday, November 17, 2012

Real Estate Bubble Talk for Real Estate Investors

Are you afraid to invest in real estate because of a pending real estate bubble? The news has been filled with real estate troubles including too many houses on the market in some areas, a slow down in sales, and dropping prices.

What's behind all this bubble talk?

Before you give any substance to warnings about a "real estate bubble," look closely at the source. Many stock brokers jump on the bandwagon of real estate doom to get investors back into the stock market. Also, many negative reports originate from mortgage lenders who want to keep the mortgage insurance rates high and keep the insurance premiums coming in for loans on houses that have appreciated.

Early in 2005, I was invited to go to Philadelphia and participate in a "real estate bubble" discussion on Ch 8's "Money Matters Today." Television reporters, newspapers, and media hype love scaring you to grab your attention. On the TV show, I defended the real estate market.

So, what happened to the real estate bubble in 2005

I can't speak for all investors. If my family had been scared into discounting our investments, selling out, and not buying more property in 2005, we would have lost a million dollars. We bought and held houses. All of our property increased by 20% - 35% and the ones we fixed increased in value even more. In particular, for one home we paid 0,000 and spent ,000 in repairs - within the year it appraised for 5,000.

Who profits from the real estate bubble?

Besides media scaremongers, mortgage insurance providers, and stock brokers, real estate investors make even more money. What's that? How do real estate investors make money from the real estate bubble? They take advantage of desperate home sellers scared by the media.

In January 2006, we bought an investment property that the home seller, in the midst of a divorce, discounted for a quick sale. The 0,000 property appraised for fifty thousand more than the purchase price. Now, we could quick sale the property for fast cash, but we're in for the long haul. The property has great development potential. So, we'll let the tenants pay for the mortgage and maybe tear the small house down in a few years. A half acre, one lot away from a future marina near new condos, has many possibilities.

Keep the bubble talk. People always need housing. The more you hear about the pending burst, the more money real estate investors CAN make.

Tuesday, November 13, 2012

Always Someone Is Indebted To Someone

I have been in business for quite a few years and from both experience and my education, I have learned the following truth. Someone is always indebted to someone. What I mean by this is that some people take the higher ground whenever they can with the people they are dealing with which in turn gives them much more influence in the universe. The following will explain.

You might be able to equate to this yourself. Do you ever feel sometimes that you have more control over one person but you feel you have absolutely no control over another person (that you can't influence them). Well I have because sometimes a person feels indebted to me but others, I feel indebted to other people. What you want in life is to take the higher ground and have many people feel indebted to you. This will dramatically increase your influence in the world which in turn will ensure your success.

Let me describe the above with an example. Just say I'm a sales manager and I have 2 customers. They both buy at the same time and they have 30 days credit each. When I ring 30 days later, there are two completely different responses from the two customers. One feels nervous, knows that his credit has expired and talks to me politely saying that the check will be in the post tomorrow. I get the feeling that he feels indebted to me and wants to pay his bill in an orderly fashion. The other thought immediately tries to take the higher ground by saying "Jack, I'm waiting for a few checks and once I get them, you will be paid. Also I will have another project for hopefully next month". With that one line, he has attempted to influence me and in doing so not pay his bill on time. This happens a lot in business. One will attempt to take the higher ground and once you give it, you will be indebted to him to infinity. He will essentially hold power over you.

Now lets take this a bit further. Just say that second customer has 200 suppliers and he adopts the same attitude as he did with me and succeeds. Look at his influence!. He will pay them when HE wants not when they want. That's very important and if you missed the point, I suggest you re-read what I have said. So as you learn from this, remember the following. Never give up the high ground without a good fight. Its the people who have influence in our world have the most success. If you succumb to peoples demands, people wont have respect for you and treat you accordingly. Always remember this when you are in business and money is involved. YOU take the higher ground. YOU make your opponent become indebted to you and you will win and win big

Sunday, November 11, 2012

What is the Difference Between a Credit Union and a Bank?

Banks and credit unions seem very similar to most people. They both offer deposit accounts and various types of credit. They have many of the same services, telephone banking, online banking and ATMs; but there are some major differences between the two. If you're wondering where to turn for your next personal loan or aren't sure where to open a savings account consider the following differences between a credit union and a bank.

Credit Unions

A Credit Union is a member-owned not-for-profit financial cooperative governed by a Board of Directors elected by the credit union's members. The members of a credit union usually have something in common, such as living in the same geographical region or belonging to the same organization.

Credit Unions offer everything from checking and savings accounts to small business loans, car loans, mortgages, personal loans, and more. A credit union's main focus, however, is on savings and it will usually offer higher interest on savings products than a bank. A credit union's not-for-profit status means that any income it earns is given back to its members, usually via lower interest rates and fees.


A bank is a stockholder-owned financial institution. Its main goal is to make its investors money and it does so by investing its customer's money or lending it to other customers. When you make a deposit at the bank you are essentially loaning money to it. The bank pays you back in interest for that loan but the rates vary depending on the bank (consider that 0.05% you're now making on a savings account you opened several years ago when interest rates were much higher).

Banks also make their money in fees (ATM fees, overdraft fees, late payment fees, etc.). Banks carry the same products as credit unions, deposit accounts, IRAs, credit cards, and so on, but unlike a credit union, a bank's products are FDIC insured. (Credit unions are insured by the National Credit Union Administration (NCUA) so funds are still guaranteed should the credit union fail).

While it may seem that banks and credit unions both offer the same products and the only difference is in who owns them, credit unions lead the way when it comes to service. Surveys of bank customers and credit union members consistently show a higher rate of satisfaction among credit union members. And while banks are often able to provide more convenience, in that they typically offer more branch locations, customer satisfaction is not as high.

Tuesday, November 6, 2012

Choosing your First Home And Deciding A Home Loan

If you are ready to move out of your apartment, there is no time better than now. Beginning to search for your first home is an important step to having the ability to build better finances and to live in a place that is comfortable. If you are considering a new home, there are specific things that you will want to know before jumping in with both feet.

Before you even begin to look at homes, make sure that you conduct your own investigation. This will mean that you should find the going rates, how much other owners are paying every month, and what you can or can't afford. You will also want to see what types of houses are going and what they are going for. If you know the basics of what is available, it will be easier for you to get exactly what you want. You should also consider things such as your credit rating and your pay check. You don't want to walk into something that is over your head or start to look for something, only to find out that you won't be able to move in.

From here, it is all a matter of getting involved with the right people. One of the most important decisions that you can make is to find the right real estate agent. This will make a large difference in the type of deal that you get as well as what type of home and mortgage you end up with. Real estate agents have the ability to do investigations for you and find something that is best for you. You will also want to make sure that there are connections with home inspectors and the right lenders. Without the right people set in place, there will be problems with getting the best deal with your new home.

After you begin to look with your real estate agent, make sure that you begin to understand the terms that are being given to you. Loan terms, terms about the market, and other real estate jargon. will often times be spoken about. If you don't know what something is, look it up right away or ask. Getting into a first home is a large step from an apartment, making it important that you understand what you are getting into.

The process of finding a new home can be challenging and fun. Making sure that you open the front door instead of having to crawl through the back can help you to get exactly what you want. By learning the ropes from the very beginning, you can be certain to get what you want, only to move up from there.

Deciding on the home Loan To Get

It isn't always easy to decide which type of loan will benefit you the most. All of the possibilities that are opened to you are different and will provide you with various benefits. Before jumping into a loan, you want to make sure that you have evaluated your individual needs. The main idea behind a loan is to help you financially in more than one way.

The first consideration to make for a loan is by determining how long you plan to stay in a particular area. If you plan to move after a few years, you want your records from your loan to show that you have invested in the property. If this is your plan, then getting a loan that allows you to pay unlimited principle while you are there will help to show the benefits. If you want to stay for a longer term and pay off the home, then finding something like an interest first loan will work better. With any type of loan, timing is everything.

The second evaluation that you will need to make with the loan options available to you is with how much you are able to pay each month. If it is a larger amount, then you might want something that is fixed or more stable. At the same time, if you are not in a financial position to pay a lot now, but know you will later, you can get something that will increase by percentage rate over time. If you are in the situation where you expect increased income, you can also consider a balloon, which will have you pay a large amount during the closing of your home. Determining what is best for you and your financial situation is important when deciding on a loan.

Of course, a lender will always be available to help you with your concerns and to answer your questions. Keeping yourself open to options, understanding your financial positioning and evaluating your individual needs can help you to invest your money the right way. By doing this, you can build your own investments into larger profits over a period of time.

Monday, November 5, 2012

Facts About the Benefits of SBA 504 Loans for American Small Businesses

The National Association of Development Companies (NADCO) is the trade association for the nation's 270 Certified Development Companies (CDCs). CDCs are certified by the U.S. Small Business Administration (SBA) to provide financing to small businesses through what is called the SBA 504 loan program. Members are non-profit organizations that serve every state, as well as Puerto Rico and U. S. territories in the South Pacific.
Chris Crawford is the president of NADCO. The organization is based in McLean, Virginia.
NADCO is actively supporting the SBA 504 refinance program, a time-limited opportunity that is due to expire 9/27/12. This powerful program offers businesses the opportunity to refinance their small business loans and withdraw equity for working capital. The program offers lenders the opportunity to bring owner-occupied commercial real-estate portfolio back into regulatory compliance and reduce overall CRE portfolio concentrations.


The 504 industry is responsible for financing more than billion to about 130,000 of America's small businesses over the past 25 years. The total project amount funded has been over 2 billion in small business financing projects. With NADCO's support, the 504 program's loan authority is up from 0 million in 1991 to .5 billion in FY 2011.


Many small business owners are not aware that if they have a commercial business loan (non-SBA loan) they can refinance that loan at very low rates using the 504. For many small businesses, this has meant the difference between success and failure. However, this program is scheduled to end on September 27, 2012.

Small businesses can SAVE money and time using the 504 refinance program. The 504 Refinance program allows small businesses to use excess equity to obtain working capital for eligible business expenses.

The 504 refinance loan program is designed for small businesses that have outstanding commercial real estate and/or commercial real estate loans. Businesses can refinance up to 90% of the appraised value of available collateral.

SBA estimates that as many as 8,000 businesses may participate in this 504 refinancing program during the current fiscal year, which will provide up to .5 billion in SBA-guaranteed financing leading to total project financing of almost billion.

The 504 refinance loan program enables small businesses to:
Use excess equity to obtain working capital for eligible business expenses
Lock in long-term, fixed-rate, low-interest commercial financing
Help expand those businesses, create jobs and benefit consumers too
Consolidate existing debt
Finance eligible business expenses, saving working capital

Other benefits include:
consolidate existing debt (balloon and/or high interest rate loans)
lock in long-term, stable financing, reduce fluctuating expenses
finance eligible business expenses, save needed cash-flow
protect jobs and hire additional staff, supporting the local community
include closing costs in the transaction, eliminating cash-flow drain