Choose Your Working Capital Financing Source for Business Loans

Choose Your Working Capital Financing Source for Business Loans

You have choices in sourcing working capital finance and in business credit solutions.

It’s all about understanding the problem and knowing where to look for solutions, so let’s look at these two main problems. Understanding the problem is not something you should read, because as a business owner and financial manager in Canada you live with a ‘crisis’ or ‘challenge’ of capital every day.

Working capital is best understood as your operational capital, and you have an investment in receivables, inventory, that’s where your investment is currently located, and your goal is to monetize those assets in the best possible way.

Textbook definitions don’t really help us – our accountants and analysts ask us to get into the balance sheet, reduce current liabilities from current assets, and, voila! That’s working capital!

One of the biggest contradictions that you need to understand is the problem of assets, profits, liquidity, and turnover. Once you master the concept of working capital and, more importantly, the solution starts to make more sense.

We hate the definition of the textbook we mean, but we will agree that the calculations we share must be positive – you do need more inventory and accounts receivable combined as measured by debt and other short-term obligations. How do you manage your short-term A / R assets and inventory is the challenge.

Many business owners quickly realize that one of their obligations, namely debt, is actually a large asset in measuring capital and managing it. That’s because if you can continue to turn your inventory into A / R into cash, and slow down your debt to reach working capital progress.

Is there a perfect way to measure your working capital needs and progress? One method is to check the ‘cash conversion cycle’ – This is a tool that you …

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The Benefits of Taking Professional Financial Advice

Taking control of your finances can be an important step in securing your financial future. Taking professional financial advice can help you on your way.

Many of us will go through life without ever seeking financial advice from professional financial advisor, taking advice instead from friends, colleagues and online resources. While this may serve your needs to a certain extent you could be losing out.

You may want to seek professional financial advice if, for example:

  1. You are considering taking out a mortgage
  2. You are looking to join a pension scheme
  3. You are looking for an insurance deal
  4. You are considering taking an annuity
  5. You are looking to make an investment

The financial market is a complex place, with a huge range of products available whatever kind of service you are looking for. From mortgages and investments to savings and pensions, the vast array of products in each of these areas can be bewildering when trying to find the option that will best suit your future financial needs, and this is where taking professional financial advice could help you.

There are three main types of financial advisor available. Those tied to one provider, those tied to a number of providers, and independent financial advisors. If you’re looking for financial advice that will help you to make sense of the full range of products available on the market, it is a good idea to seek out a reliable independent advisor.

You will usually need to pay for professional financial advice, so you should always make sure you understand what your advisor is going to charge for a service before proceeding. You should also check that any advice taken comes from a financial advisor who is registered with the Financial Services Authority.

Whether you are seeking specific advice or general …

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Successful Ways to Manage Your Debt

Debt comes in all forms, a mortgage, a personal loan, a car loan, and student loans. Then there’s a multitude of credit cards and maybe even some medical expenses. Before you know it what you bring in each month is rotating straight around and exiting out the back door. The good news is that you can reduce your debt and start to see some of your hard-earned money remain in the bank.

Successful Ways to Manage Your Debt

Creating a Plan

You may currently have piles of bills sitting on a table with no way to pay them and choose to ignore them. However, they won’t go away. If you don’t pay them you will soon receive letters from collection agencies, flowed by many phone calls. Once this takes place your credit score is now in a poor status.  In order to unravel the debt you’ll need to borrow money from a family member, or if that’s not possible, apply for an installment loan from an online lender like MaxLend at https://www.maxlend.com/installmentloan.aspx. While this is certainly not a permanent solution, it will allow you to bring your bills current and create a plan of action to tackle your debt.

One Step at a Time

Your debt didn’t happen overnight, and you must remain committed to reducing it slowly. You can start by contacting each creditor to see if you can temporarily reduce the interest rate to pay down the debt faster. If that doesn’t work, you still have other options. For instance, if you have many credit cards that are at or close to their credit limit, take one and work to reduce it to less than 30%. Once you have the first one under the percentage move on to the next one. The process may seem like it takes forever, but in the long …

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Loans & Financing For Flipping Properties

If you are into the real estate world then you are probably pretty familiar with flipping properties. With flipping properties comes an array of loans & financing to afford the purchase of these homes and to afford the renovation costs. Flipping a home is what the real estate experts call rehabbing. A flipper will essentially have to revitalize a home. Rehabbing can be very complex. It can include an entirely new roof, knocking out walls to expand rooms, redoing the floor, adding onto a home, remaking the kitchen and getting new appliances. Rehabbing a property can easily cost tens of thousands of dollars. Covering the costs of flipping a home sometimes requires a flipper to look towards the help of a loan to support these costs.

Loans & Financing For Flipping Properties

Any Short Term Fix and Flip Loans chicago il are loans specifically for people who are wanting to flip real estate. Flipping real estate typically includes taking a residential or commercial property and purchasing it. Then dumping money into it to renovate it. Then putting the property back on the market at a higher price than what the flipper paid for it. Lastly, collecting a profitable check from the sale of the home. For flippers who are needing loans for a short term fix and flip loans are great funding sources to allow flippers to get the job done.

Short term loans are also commonly known as payday loans. These loans are typically paid back within thirty days. Short term loans for flipping real estate are great for a flipper who need the extra cash for their rehab project and are capable of paying the loan back in just thirty days. Short term loans are probably better for flippers who are more experienced. Short term loans are not the best for those who are …

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Best five Individual Finance Computer software Packages

Financial PlanAs promised, Finance Malaysia weblog would like to educate public at large on the significance of private economic organizing immediately after realizing that most Malaysians falls into debt traps due to the fact of poor monetary arranging. A financial plan will assistance you by creating a timeline for you to adhere to for your goals It aids you focus the way you handle your funds and your time on reaching your economic goals, so that you can do the issues you want to in your life.

If you are not comfortable with investing on your own, or you have never ever done it, then a economic planner or investment advisor will aid you commence to do it. If you want to genuinely develop wealth, you will need to have a stronger approach then just placing cash into your retirement accounts every single month.

By way of economic planning, you are capable to ascertain if you are capable to capitalize on tax breaks, in order to invest a lot more of the income you bring in. This could imply engaging investment funds, such as genuine estate, that let you write-off the amount of interest on a residence loan.

From a monetary preparing viewpoint, it is significant to make certain that the wealth accumulated over your lifetime goes where you want it to. If you die without having a valid will, a court-appointed administrator will distribute your estate as they see fit.

It may well not be as advanced and function packed when compared to most of the other leading programs, it has a lot of characteristics that help in tracking your revenue, and for this reason alone is a single of the greatest Private Finance Software program packages out there.…

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