One Real Way To Solve Business Financing Challenges – Asset Backed Lending

Something that works. We all want that. And in the new business financing reality of 2010 and 2011 asset backed lending might be your new choice for Canadian business financing.

Asset based line of credit facilities are becoming more popular everyday. It is simply a newer method of lending to Canadian business with a total focus on assets. ‘Assets’. That’s the key word. So which assets are they? ask clients. Typically these include inventory, receivables machinery and equipment in your fixed assets part of the balance sheet, and in some cases real estate. In some very unique cases IP, or intellectual property, a la patents, etc can be financed.

Another new common category is tax credits, such as SR ED (SR&ED) tax credits. Tax credits are in effect receivables, money owing to you from the government that is in the form of a non repayable type grant. So monetizing that asset as soon as you can allows you to employ cash more efficiently in your business.

Our clients typically imagine inventory and receivables as being the only items they could margin for liquidity with their bank. The reality is that even inventory financing is becoming more difficult in the chartered bank environment, certainly for start up, smaller, and medium sized firms. That therefore is the main difference in an asset backed lending and working capital facility; in its simplest form it’s simply the margining of all those other assets to capture maximum liquidity.

So who is actually using these types of cash flow facilities, and why are they a very solid alternative to what is termed ‘ traditional’ bank financing. (We’re not so sure these days that ‘ traditional’ bank financing is as available as it used to be – what do you think?!)

The truth is that this type of Canadian business financing is an alternative to bank financing, its real, its available, and allows you to not having to consider more unpalatable options such as raising new equity and diluting your ownership.

We are all for secured bank lending… if you firm can qualify for all the lending it needs. But if you have had financial challenges then consider asset backed lending as a solid option. What are some of those ‘ challenges’ we speak of that might not allow you get Canadian chartered bank financing… its issues such as a temporary loss, a turnaround, new ownership, balance sheet ratios and covenants that might not work for the bank, etc.

Asset based finance does not really care about all those issues – yes they are discussed, but it always comes back to ‘ the assets ‘ – and if you have them you can margin them on a daily basis for working capital and cash flow.

So whats the catch. While we feel the advantages of asset based lines of credit far outweigh the alternatives, the reality is that 95% of the time this type of financing is more expensive. It also requires more reporting on an ongoing basis, although most business owners we talk to will gladly pay more finance charges and are OK with reporting if they in fact have all the cash flow they need to grow and profit in today’s competitive environment. You can also expect a bit more due diligence on your overall asset quality when you set up the facility.

There is always a bottom line in business, and in our case today it’s that an asset backed line of credit facility is a new and emerging working capital financing that provides your firm with all the liquidity to grow. Speak to a credible, experienced and trusted Canadian business financing advisor to determine if this type of working capital and credit facility benefits your firm.

Multifamily Financing

When an individual or group seeks to finance the renovation, construction or purchase of any type of multifamily housing, they will often approach a lending institution about Multifamily Financing. Different lenders have different definitions of the term, “Multifamily Financing,” because the regional laws vary from place to place. There are specific federal guidelines that define what can be considered “multifamily” in a given area and banks have strict banking guidelines to follow as well. Generally speaking, however, the term is used to describe property that has four to five or more individual units in which families reside.

People can use multifamily financing in a number of different ways. The most common way is to procure a mortgage, which is then used to purchase a multifamily property so that the borrower can generate rental income. This type of financing can also come in handy when people who would like to develop a property that is slated to become multifamily dwellings or for those who want to renovate these types of properties.

Extension of multifamily financing requirements can vary. In certain circumstances, lenders may require potential borrowers to show proof to income to support the loan adequately. They might also require that the property meet certain specifications as well. In this case, banks can sometimes be reluctant to loan money to a potential borrower if that person owns a building that does not have proper bathroom facilities or adequate kitchens. The risks for banks can be significantly higher when offering multifamily financing because this type of financing can be a good deal more expensive than housing for single-family dwellings. This causes banks to exercise additional scrutiny when considering extension of this type of loan.

A tricky type of multifamily financing exists when a person or organization seeks money after they have purchased property within multifamily property such as a cooperative apartment or condominium association. In these cases, unique points have to be considered by the banks that are approached for financing, and often, the banks will not want to involve themselves because of the complications inherent with this type of lending. While current economic conditions may have caused multifamily financing to take a back seat to other, more secure loans for a while, the financial markets go up and down. This is not the first time bank lending for multifamily financing has been sluggish, and it is doubtful it will be the last.

David Vs Goliath: How Alternative Financing Can Help Meet Cash Flow Challenges

During my dozen-plus years in the alternative financing industry, I have seen what I call the “David vs. Goliath” scenario play out so many times that I can usually spot it within the first few minutes of talking to a small business owner about his cash flow challenges. Here’s a common example of how it usually looks:

A small tool manufacturer has hit the mother lode, landing a large contract to supply a big box hardware chain with hammers, wrenches and other assorted tools. The owner’s (let’s call him David) excitement is muted, however, when he realizes that the price of doing business with a Goliath like this is accepting the large customer’s extended payment terms, which in this case are net-60 days from receipt of the tool manufacturer’s invoice.

Cash is king in today’s business and economic environment, and large corporations are sitting on piles of it. Unfortunately, this is forcing many of their small vendors to scramble to finance lengthening internal cash flow cycles.

And it’s not just small manufacturers who are fighting these Goliath-sized battles, either. I recently talked to the owner of a small technology firm whose largest customer (representing 70 percent of his sales volume) is now stretching out payments well beyond the normal net-30 days, which is putting a severe strain on his cash flow. In fact, two tech bellweathers, Cisco and Dell Computer, recently announced that they are extending their vendor payment terms to as long as four months.

Risk-Reward Calculation

This David vs. Goliath scenario illustrates the risk-reward calculation small business owners often must make when they have the opportunity to do business with a large customer. The boost in sales, of course, is great, but they have to be able to survive the cash flow lag created by the extended payment terms.

If they can’t finance the lag from internally generated working capital, then they’ll need some kind of outside cash infusion. With many banks still operating under the tighter credit procedures that they’ve implemented in the wake of the financial crisis, more and more small businesses are turning to alternative financing options.

Two of these options that have become increasingly popular among small businesses are factoring and accounts receivable (AR) financing. These are both considered “alternative” financing tools because they fall outside the realm of traditional bank financing vehicles like term loans and lines of credit.

Factoring is the sale of a vendor’s receivables to a commercial finance company (or “factor”) at a discount. For example, suppose a vendor has just sent a $5,000 invoice to a large customer that pays in 45-60 days. Instead of waiting to get paid, the vendor could sell the invoice to a factor and receive 80 percent (or $4,000) the next business day. The balance, less the factoring fee (typically between 2-5%), is paid to the vendor when the factor collects the invoice.

The vendor typically decides which invoices to sell to the factor, which assumes management of the receivable until it is collected. This includes performing credit checks on the vendor’s client(s), analyzing credit reports, mailing invoices and documenting payments.

Exponential Business Growth

Accounts receivable financing is a little different. Here, vendors can borrow up to a certain percentage (80 percent) of the value of their qualified receivables (this is known as the borrowing base) on a revolving basis, similar to a bank revolving line of credit. Unlike a bank credit line, which is usually secured by hard assets like plant, equipment and real estate, the AR line is secured by the receivables themselves.

The beauty of an AR line of credit is that as sales grow, so does the potential borrowing base and the vendor’s access to capital, thus enabling exponential business growth. Every time a sale is made, more money can potentially be advanced to the business, and interest is charged only on the amount advanced.

It’s important to keep in mind that factoring and AR financing are usually not considered to be permanent sources of financing. Rather, they are designed to help companies weather temporary periods of financial instability or rapid growth that make them unattractive risk candidates for most banks. After 12-18 months, these businesses may become bankable again and resume lending relationships with traditional banks.

Can You Get Financing to Buy a Property Held by Your Company or LLC?

The first rule you learn when deciding to buy investment real estate is to protect your assets. No real estate investor will recommend that you operate your business as a sole proprietor. If you are a sole proprietor then your personal assets like your home, car and retirement accounts could be lost in a lawsuit. The best advice is to incorporate to limit your personal liability. The most common form of incorporation used by real estate investors is a Limited Liability Company or LLC. Some investors that flip properties will form a corporation. Now that you have your corporation, you decide to get financing to purchase properties and you find that banks will not let you get financing in the name of your corporation.

When banks lend you money, they want to make sure that you will be able to pay them back or that they can sue you to get their money back. When banks provide financing to individuals, the home is collateral for the loan. If you fail to make payments on the loan, the bank can foreclose on the property. In addition you provide a personal guarantee that the loan will be repaid. If the bank forecloses and sells the property at a loss, they can come after you for the difference because of the personal guarantee.

A corporation or LLC provides limited liability to you. If banks provided financing to the LLC, they would not be able to get you to sign a personal guarantee because of the limited liability afforded by the company. This puts the banks in a weaker position that could potentially limit their ability to get their money back. For this reason most major banks will not lend to someone who has the property titled in an LLC.

The good news is that this is not the policy for the every bank. Some smaller banks and credit unions will allow you to get financing in the name of a corporation. You will need to do extensive research to find lenders in your area that will do loans in the name of a corporation. Banks that specialize in commercial financing are more likely to do loans in the name of a corporation. The tradeoff for getting financing in the name of your corporation is that the bank will typically require a much larger down payment. The lower loan to value ratio provided by the larger down payment is the extra protection the bank needs in order to provide the financing.

Advice You Can Bank On

The selection of an Investment Bank for saving the money is a critical decision. There are lots of Investment banks in Middle East to choose from, and when choosing one, there are numerous things one should consider before making final decision. There are both foreign and local banks in Middle East ready to look after your money, or lend you someone Else’s money.

National Bank of Egypt proposes commercial promissory notes like deposits, loan and credit cards, investment in actual estate, in isolation banking and investment banking. National Bank of Qatar provides commercial Islamic banks actions similar to deposits, loans and credit and cards, assets administration activities like riches management, account administration and portfolio management. National Bank of Dubai provides investing promissory note services like investment advisory, living and non- living things insurances. National Bank of Oman offers commercial services like deposits, loan and credit cards, investment promissory note investment advisory, account and assets administration and brokerage services.

A brokerage firm is a financial institution that acts as a stock broker. Brokerage firms serve a clientele of investors who trade public stocks and other securities. One of the biggest names in Kuwait brokerage is Arab Financial Brokers that is one of the leading brokers in the world, providing Forex trading, Islamic investment and online brokerage opportunities to customers worldwide. Arab Financial Brokers provides online brokerage and trading services, alongside micro trading services. Its clients consist of individual speculators to asset managers. As a closed shareholding corporation registered under Kuwaiti commercial law, AFB was created to deal with the increasing number of currency and future trading demands in the Middle East and to cater for clients who are investing heavily in the futures and spot Forex markets.

Arab Financial Brokers offers first-class services and competitive terms and conditions thus profitably building a long term relationship with clients. Their management team created a new generation of brokerage firms that is fulfilling customers’ needs for accuracy, accountability and speed in order to pursue Forex pricing and trading. AFB provides an online trading platform for individuals, introducing brokers and financial institutions that want to consider the exchange rate between two currencies. At the same time they influence relationships with strategic alliances and skilled Forex professionals, and employed a team of experts to serve the customers in the Middle East, Gulf Region and countries worldwide. Their starting principles were intended to initiate the best hi-tech infrastructure and utilizing the most sophisticated Forex trading software, while together with delivering the best possible client services.

In 1977, Kuwait Finance House was established in the State of Kuwait, as the first bank operating on the Islamic Shariah and providing services like covering banking, finance, investment portfolios, real estate, trade, and other services in compliance with Islamic Shariah and opens new doors for Kuwait financing. Its investment activities in the US, Europe, South East Asia and the Middle East contributed to achieving the growing profit of Kuwait Finance House.

Kuwait Finance House has always made an effort to enlarge its local branch network and covers 52 branches besides special sections for ladies. It takes on the out of branch client concept. Kuwait Finance House has maintained its grip as a ground-breaking entity in utilizing the most modern tools to meet the needs of the various operations that they perform.

Racing Awards, Medals and Customized Gear for Runners

Running, whether it be a 5k with the family, a 10k for an extra challenge, or a marathon for the elite runners, can be a very exciting and memorable experience. Running is a very personal sport to lots of people, as it can be great exercise and can make you look and feel very refreshed. Tons of awards are given out to winners at races each year. For people organizing these racing events, finding customized and personal running gear can be difficult, as well as finding unique prizes for running champions. When orchestrating a race, you want to have a memorable competition. Medals and unique prizes can help to make the race more exciting. Participants can keep prizes as souvenirs, and remember the experience better because of a keepsake.
The most important souvenir a competitor can take home is a winning medal. Those are worn with pride, and showed to family members and friends. They are often hung on walls, or shown off where they can be seen. Of course, medals need to be personalized, unique, and specific. You cannot award a running champion with a medal that doesn’t recognize what it’s for. It is often a perfect idea to find a company that will provide you with customized prizes for winners. Often, you can ask for customized medals that include the date, the name of the race, and the name of the company sponsoring and orchestrating the event. That way, when people proudly show their winning medal to others, the people who made the event happen will receive the credit and publicity they deserve.

In addition to medals, running apparel and gear can be a great way to make the race more memorable. Unlike medals, gear is commonly worn and would be used often. Passing out swag, such as customized shirts, jackets, hats, and bags can be a great way to add to the excitement of the race. Races with their own gear are viewed as more unique, as they have customized logos and attractive designs. Shirts can be given out to families, and jackets can be sold at the finish line. Hats can be passed out before the race to keep the sun out of the athlete’s eyes. And, of course, bags can be kept forever and used for multiple occasions. Having the name and date of your race on these items can help to increase publicity and help the runners remember what a successful and memorable race it was. Customizing these mementos can help to define a great race, and will definitely help a race to be more exciting and enjoyable.

Gamble on Line – Possess these Various Advantages for your own

There Really are assorted kinds of games and sports which can be found around the world and human beings possess significant interest within them. There’s simply no uncertainty at the simple fact this one among the absolute most essential explanations for why the games and sports really are all important to this public is on account to how those toss some type of troubles .

There Is just 1 particular certain form of video sport which likewise causes it to be into this set of their treasured games which people are able to playwith. And it’s also not any aside from betting. Betting fulfilling the exact same and is exactly about challenges. There are areas. But once again if it regards betting on line the huge benefits really are far a great deal greater than that which it’s possible to see right now.

Now you Must definitely make certain which you’re choosing the optimal/optimally internet web sites as a way to acquire through together using the practice of betting absolutely. And this is what’s going to offer a great deal of benefits to you.

A Variety of Benefits of gaming Internet:

After Would be the numerous benefits of betting on line that individuals have to be mindful of:

· Convenience:

Comfort Is decidedly among the greatest explanations. Here really is some thing which functions being a boon because you aren’t going to need to go everywhere whatsoever.

· Engage in every time you enjoy:

This Is another benefit that is important you have to know of. The internet singapore casino has ever let exactly the exact same as properly. You may be certain you are surely becoming to engage in midnight or sunrise much.

? Perform from anyplace:

Now you Maybe in almost also you also may adore the access to the games online and virtually any nation.

Each of In making certain you’re receiving through, These items can help you With the consequences for on line.

Coloring Pages Growing Horizons Of Kids

Children are amazing. They know whatever they are taught. If You wish to enhance the horizon of one’s children, and it’s time to get them participated together with coloring pages. Yes, even they all are on line pages that offer many different ways to bring the hidden talent in your kids. These coloring pages comprises of exceptional lessons that are conveyed at a manner that is fundamental to enable kids to grasp.

Coloring Pages – Benefitting Childrem

Worrying concerning the cost in Association? Chill, as they truly have been available at no price tag. Furthermore, you need to stay away from the stress of shopping for exceptionally costly gadgets that are educational. Everything you will need to have is your distribution for your own printer. It can open the pathway for both kiddies to take high benefits in association with internet colouring pages.

You must be wondering why children Have to Be included in coloring. The main reason is that coloring an image will absolutely control the entire attention of one’s kid. They is going to be in a favorable position to concentrate regarding completing their work followed closely by presenting the most useful finished merchandise.

Parents Can Be Getting Brief Repite

Additionally, Mom and Dad Will Have the Ability to Acquire short respite as your Children will probably undoubtedly be coloring pages which is really a funny exercise. On the web coloring pages have been well known to give children several of the best educational gains entirely. They is going to soon be memorizing numbers along side titles of veggies as well as creatures.

More vulnerability to coloring, simple will probably be learning methodology. Kiddies will secure a chance to fortify the coordination between eye and hand . Since they’ll be learning to color lines, abilities will grow in a ultimate manner. Psychologists state that coloring offers an insight into emotions of children in an imaginative way.

Which exactly are you thinking? Involve your kids with coloring Pages in the earliest.

Types of Wood Siding Available for Homeowners

When building your home, even the smallest decision could make a world of difference in what it ultimately looks like. This is also true when undertaking an exterior redesign project. Siding, among other key characteristics, is one of those big decisions that could entirely alter your home’s exterior appeal based on your decision.
Although plastic siding has become a popular option in recent years due to pricing, traditional wood siding remains the preference for many homeowners. This is because wood siding offers customers numerous benefits over their plastic counterparts. Benefits include:

• Wood siding is eco-friendlier than plastic

• Wood is more aesthetically appealing

• Many types of wood are naturally resistant to mold, mildew, and rot, which allows the home owner less maintenance

• Wood lasts longer

• …And much more

One of the main benefits is that wood naturally takes to paint, stains, and other decorative options incredibly well. Plastic, on the other hand, often must be crafted in the customer’s color choice – meaning that options are limited. Once decided upon a type of wood siding, however, you can then choose any type of finish. Whether you want to paint your home the colors of the rainbow, or opt for a natural dark wood stain, anything is possible. Below we look at four of the most commonly used types of siding available: board and batten siding, bevel, tongue and groove, and lap siding. Each has their own aesthetic appeal so that there is something for every person’s unique tastes.

Board and Batten Siding

Board and batten siding is a vertical design created by using two different sized boards. The wider boards are set beneath, while the narrower boards are placed atop the joins. These narrower boards are called ‘battens.’ There are no set widths, so homeowners can choose their preference. The most commonly used measurements, however, are 1 inch by 3 inch battens placed over 1 inch by 10 inch boards.

Bevel Siding

Bevel siding is the most commonly used siding. Installed horizontally, boards are cut at an angle so that one side is thicker than the others. This creates a shingle effect, or the appearance that the boards are overlapping one another. Tongue and Groove Siding Tongue and groove siding is incredibly versatile. Available in both rough and smooth board finishes, it is fitted together tightly to give a sleek appearance. It can be installed in any direction, which does not only include horizontal and vertical, but also diagonal.

Lap Siding

Lap Siding is also known as Channel siding. This siding is very versatile, with installation capabilities for any direction (like the above tongue and groove siding). This unique siding features boards which partially overlap one another, and the ultimate results are a rustic appearance like those of a hunting cabin. If you’re interested in learning even more about wood siding -including less commonly used types available – you can contact your local siding specialist or construction expert. They will be able to give you more detailed information, including a price estimate for your area.

The Best Way You Can Double Your Winning Into Sports Betting?

Have You any idea how much cash is used on sports betting? Well, that’s a significant bit. But regrettably, a lot of the cash is equaled broadly speaking by amateurs who lose. Sports gambling isn’t simply a topic of random probability. It is far much more of the competition with experts. In online betting you can’t provide an explanation that you are a newcomer.
Much like The sport is gaining a massive share. In fact, there is a excellent share of people that have intended to change the gambling sports online betting with their whole time source of income.

To be A winner in sport betting, you have to keep aside your emotions and also follow the following strategies:

· It is all about the chances

The First step of sport gambling lies on what club you will invest your dollars. Take aid. He will certainly place his money onto that team that may give the best outcome.

· Guess by Means of Your head and not heart

Even a Because they utilize their core more than their thoughts number of individuals reduction in sports bet. Betting can be a calculative game. So, you have to understand to figure your own risks and dangers in addition to learn how not to collapse into the snare of these kinds.

· Spend Money on everything you know

Never Invest you don’t understand. This advice should also be followed for sport. Persons have a tendency to bet upon high profile matches. However, the facts is that the actual athletics professionals bet upon the people that are most ignored. This yields to raised outcomes compared to people who gamble on top superior matches.

· Acknowledge your losses

No Matter how skilful you are, you should be ready to just accept your reduction with all the Same spirit in that you simply accept the victory. Afterall, it is a game. Winning And losing is now part of each and every game.