Everyone knows now that there are options for financing .They know the types also but what is they lack is the information required by them to apply for which type that may best suit their situations. Over the years many global organizations have worked to standardize and integrate their businesses. With the help of such integration the end users would be able to access any financial information from any desired location, enhancing the organizations’ decision-making processes.
Internet is playing very crucial role in making people aware of different aspects of finance and loans. One can browse and locate members of these private sector associations who provide debt and financing to businesses. While exploring one can get to see many finance providing company’s websites that deals with this but one should be particularly diligent in researching loan lenders and only use reputable companies and trusted advisors.
Loan lenders are the one who decide whether to provide your business with financing based on an assessment of the risks and potential reward in doing business with you. The way assessment of the risk and reward of providing you with financing depends on their business model and the type of financing that they offer.
Some companies deal in a line of credit or operating loan. This is usually attached to your main chequing account and can be used to pay operational expenses, when there is not enough money in the business bank account. This type of financing is ideal when there are ebbs and flows in a business’ cash flow or one is looking for small business financing. It can allow you to continue operating normally, when you are waiting on payment from clients or during a temporary slowdown in revenues.
Line of credit can be of secured credit and of unsecured credit form. There are also some which deals in both. Entrepreneurs may also be able to secure their line of credit with personal assets. For example, many banks now allow individuals to have a home owner’s line of credit related to the equity in their home and this line of credit can sometimes be split into personal and business categories.
Choosing from them needs an analysis on company’s profile, their processing time, their credit terms, their interest rates and yes along with this one also has to assess their own funding requirements too. As sometimes to get financing, you need to demonstrate that you can pay back the money and that your venture will be profitable.
One has to be clear on the following points such as:
Is your business a start up one?
Are you developing a new product?
If you are taking to expansion of your business to new locations
If You are approaching new markets
whether you are purchasing new equipment
Since unsecured business credit line is relatively easier to procure as they do not usually require collateral, they have played an important role in the business development of smaller business houses. With the growth in credit sector there are many financial institutions working to help business owners with such credit lines. They also give a money back guarantee if they could not process the loan of min limit within specified time.
Rio Dulce GCA – Rio Dulce Canyon
Image by Daniel Mennerich
Río Dulce ("Sweet River") is a river in Guatemala, completely contained within the department of Izabal. It is part of a lake and river system that has become a popular cruising sailboat destination.
The river begins at the point where it flows out of Lake Izabal. At the entrance to the river there is a small Spanish colonial fort, the Castillo de San Felipe de Lara, built to stop pirates entering the lake from the Caribbean when this part of Central America was an important shipping staging point.
Just after the river flows from Lake Izabal it is spanned by one of the biggest bridges in Central America. On one side of the bridge is the town of Fronteras, commonly referred to by the name Río Dulce, the local center of commerce for the area. Fronteras has a local vegetable market, attracting locals from the countryside who arrive in dugout canoes. Most of these boats are powered with Japanese outboard motors but many come to market day paddling these cayucos by hand. On the other side is the town of Rellenos.
From Fronteras the river flows east for a couple of miles. In this stretch there are several marinas and resorts. The river then flows into a long narrow lake called El Golfete. This lake has an island and a large natural anchorage. A few houses and a couple of small businesses line the shore. El Golfete is about 16 km long and a couple of miles wide.
From El Golfete the river meanders for 10 km in a spectacular gorge. The sides of the gorge rise up to 91 m on either side and are covered with teak, mahogany and palms. Wild flowers bloom throughout the foliage and howler monkeys and toucans can be seen. Waterfalls flow over the lip of the gorge after rainfall.
The river enters the Caribbean Sea near the Garifuna town of Livingston.
A great Seminar on how to get a business going without having to spend a lot of money. Justis talks about how its possible to use what he calls the three “S’s” to create successful small businesses that do what you want them to do…in other words make you money and give you freedom rather than taking money and time away from you.
This 38 minute program is a great primer on how to start any business and make it a success.
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