All Posts in "CAPITAL FINANCE"

How To Ensure Your Business Transitions to a Safe Delivery Model

Where delivery was once limited to select casual restaurants and small-town pharmacies, more and more businesses are embracing this service as a way to preserve business during the COVID pandemic. If you have considered adding a delivery model to your existing business, there are certain things you should do to ensure the transition goes smoothly and safely. 

Conduct All Necessary Screenings

Anyone who will be driving company or private vehicles on behalf of your business should undergo a pre-employment driving record check. Look for prior accidents and moving violations that could increase your liability and possibly impact your insurance rates. This applies to current employees who are transitioning to driving roles, too. Just because someone has been a stellar employee in one role doesn’t guarantee that they will also be a great delivery driver. 

Secure Appropriate Insurance Coverage

Depending on how you are planning to conduct deliveries, there are several options for securing appropriate insurance coverage. Before you send out the first driver, conduct a review of your current policies. Talk to an agent who can help you decide what coverage you need to limit liability and reduce additional risks to your business’ financial security. A few options you might consider include:

Provide Clear Signage for Delivery Vehicles

There are several reasons you want delivery vehicles to be clearly marked. First, it helps … READ MORE ...

Ronnie Jackson by — October 20, 2020 in Venture Financing
Asset Finance Companies Predict Boost in Organization Lending

New research in the Finance & Leasing Association has revealed that asset finance companies are cautiously optimistic about business lending over the next 12 months despite the troubles many firms have experienced in recent months.

Its most recent quarterly Asset Finance Confidence Survey, which questioned senior executives with the FLA’s Asset Finance Division earlier this month, found that 74% are expecting a rise in small business lending within the next three months. This is 6% higher than the corresponding study was undertaken three months ago.

An even higher proportion expect a rise in lending over the next 12 months (77%) within the hope UK businesses discover it easier to access the funding they need to have to grow and therefore boost the economic recovery.

The figures follow other recent news in the FLA that its members advanced 2.9 billion of new finance to SMEs within the final quarter of 2011 for investment in equipment and machinery. This, coupled with the latest figures in the Asset Based Finance Association revealing 16 billion was released to its members’ clients in Q3 2011, demonstrates just how effective asset-based finance has been at plugging the funding gap that Project Merlin has failed to fill, according to Bank of England statistics.

As a result, 72% of those surveyed expect a slight improvement in domestic economic conditions over the next 12 months, which is up 2% on the previous survey, which was conducted.

Geraldine Kilkelly, Head of Study and Chief Economist at the Finance & Leasing … READ MORE ...

Ronnie Jackson by — October 8, 2020 in Venture Capital Loans
Uses For Business Finance Loans

When applying for business finance loans, the money you receive can be made use of on a variety of choices. One particular item may be the property for which the business will likely be positioned. In the event the construction you are going to be leasing demands improvement, you can make use of the funds for that. The funds can also be employed for any renovation or building that must be performed. The business will want supplies that you can use the loan towards. As an illustration, the buy of furniture, electronics, machinery you may need, and fixtures.

Finding Approval for Business Finance

Before applying for business finance, you may like to verify your business credit score. Ask the lending institution what is the minimum business credit score is necessary to be approved. You’ll want to know these details, so you don’t apply in the lending institution that your score doesn’t meet the specifications.

If 3 lenders do the check of your score and you aren’t approved, then the chances another lender will approve it are slim. Diverse lenders could demand diverse criteria to met, before you apply, ask for this information and facts. You may also search on the web at diverse lenders to view what they call for.

Distinctive Sorts of Business Loans Out there

There is certainly a lot more than one particular business loan that you may apply for. You can want to research each of them to create positive you try the single that finest … READ MORE ...

Ronnie Jackson by — September 22, 2020 in Venture Capital Loans
10 Items to consider Ahead of Lending Retirement Earnings to Family

Now, numerous men and women are facing critical monetary troubles. A job loss – or maybe a much less than sufficient part-time job – a divorce, a foreclosure, or possibly a smaller-than-expected retirement fund can make it hard for many to produce ends meet.

How would you react if a family member asked you for dollars? Ahead of you make a selection, take into consideration this: an estimated 40% of Americans are usually not repaid in full for the largest loan they ever created to close friends or relatives, and more than 25% never obtain any funds back from their largest loan.

The National Foundation for Credit Counseling presents some ideas to think about when deciding no matter whether to lend or not to lend your retirement income to a loved one particular:

The influence on relationships among loved one’s members. What would take place in the event the borrower failed to repay you? If you’re a parent, will your other youngsters resent it? Keep in mind, it is important to help keep all loan requests confidential. Are there other choices? Could the borrower qualify to get a bank loan? When not ideal, could the loved ones member cash in their 401(k)? In the event the borrower cannot qualify as a result of bad credit, you are going to wish to take that into account just before choosing to lend.

Don’t be an enabler. Is this an unforeseen circumstance like a job loss or will be the borrower habitually in … READ MORE ...

Ronnie Jackson by — August 14, 2020 in Venture Capital Loans
Making the Office Work

Working an office job can often get monotonous and boring. You go to the same place and do the same things every day. If you are in charge of something like this, you may want to think about sprucing the office up to make it a more welcoming and exciting place to work. Here are three things you need to think about when it comes to the office.

The Lighting

The effect lights have on the spirit of your workers is underrated. Natural lighting is one of the most important things you can incorporate in your office. When your office is well-lit, it gives off an energy that will help workers get things done better and faster. It also reduces the chance of headaches for those who find themselves straining to see.

The Furniture

No office would be complete without the right furniture. Both workers and visitors need a place to sit and work when they come in. Even if you choose to buy both new and used office furniture, make sure you are buying quality pieces that will last. Don’t buy something just because it looks cool, buy it because it has a purpose. You don’t want the office overcluttered.

The Walls

What you have on your office walls can really set the tone for what attitude your workers will have. Brighter colored rooms can help bring happiness and energy when one comes into work every day. Putting artwork on the walls can help tie everything together and … READ MORE ...

Ronnie Jackson by — July 2, 2020 in Capital Investment