How Can Asset Based Financing Advice Help Your Business?

Asset based financing can defined as the provision of structured working capital and loans secured against company assets, such as land and buildings, plant and machinery, vehicles, stock and debtors.

Asset based financing providers can offer a structured funding package which is secured against the business assets. This means that the lender has increased security and allows them to offer the greatest range of finance available.

Asset based financing is available to all businesses in all sectors and industries. It is often used by new and start-up businesses as well as those looking to refinance existing loans. It is also often popular with companies who are looking to fund mergers, acquisitions and management buyouts.

The solution to this is that a lender will provide the company with the finance to continue trading. Once the company is in a position to pay back the loan, they will do, including any additional interest charged for the loan.

One of the most popular examples of asset-based financing is known as ‘purchase order financing.’ This is usually employed by companies who have reached their credit limits with their suppliers and reached their lending capacity with traditional banks. Businesses who find themselves in this position are often unable to operate at full capacity, meaning that they cannot fulfill orders and so can’t supply their products or services to their customers.

By using the value of accounts receivable in order to guarantee the loan, in other words, invoices that are due to be paid to the company, the business can often get a loan of around 75% of the face value of recent invoices.

By utilizing Asset Based Financing, the company still retains the assets, but if they default on the loan, the lender can seize the assets. Asset based finance can be very useful for companies that perhaps don’t have perfect credit, or haven’t been trading long enough for a more traditional business loan.

In order to get the most from asset-based financing, it is vital that you seek the advice of professionals who will be able to assess your situation in a considered and knowledgeable manner. From here, they will be able to advise you on the most appropriate course of action.

Seller Financing – Better For the Seller Than the Buyer

One of the most misunderstood topics in real estate is “Seller Financing”. This is probably because the topic of seller financing is usually discussed from the perspective of the buyer. And in most cases the buyer is a beginning investor who is trying to get a “good deal” or they are starting to buy property with “no money down”. But all too frequently the deal falls apart and the stories explode about the problems of seller financing.

It is time to unfold the power of seller financing and the simple secrets and techniques to keeping the transaction a positive experience for everyone. While most people can explain the benefits of seller financing for a buyer what most people don’t understand is that seller financing is actually better for the seller than it is for the buyer. Here are several ways that the seller can benefit from offering seller financing on their property:

1.Timing – The seller has complete control over the timing of the sale when they are offering the financing. The seller can determine just how long it will be before the sale closes. The seller can determine how long they can stay in the house after the sale closes. The seller can determine exactly how long the buyer must pay on the mortgage and when they have to refinance and pay off the loan. And by offering seller financing they can get their home sold more quickly because of the appeal of seller financing to the market in general.

2.Higher Sales Price – Market value is based upon “supply and demand.” Most sellers are not offering seller financing so there is a limited supply but there is a huge demand. As a result, the price of the home in higher than the other comparable homes in the neighborhood. Also, because the traditional costs of mortgages are no longer in the equation you can collect that money too (as much as 3-5% of the value of the home) as part of the sales price.

3.Cash at Closing – There is nothing that says a seller must finance the entire purchase price of the property. The seller can require a down payment which will provide some cash at closing. (There are more advanced way to collect cash at closing which go way beyond a down payment but can still result in a “zero-down” for the buyer.)

4.Payments over Time – When the seller finances the equity in their property, those payments become a steady stream of income for the seller. This becomes a fantastic income stream for someone who may be down-sizing or who does not want their property for any reason (this is especially great on investment properties).

5.High Return on Investment – Considering the equity as an investment, the payments received from seller financing are better than one can expect from a savings account, CD or mutual fund. Even if the interest rate on the seller finance mortgage is small, the principle balance of the investment is larger than the seller could have received through a traditional sale.

6.Difficult Properties Sell Easily – Sellers who have properties that are difficult to sell can sell them with seller financing. Again, the demand for any property increases as more people are qualified to buy them.

7.Collateralization – The seller controls the terms of the mortgage and can require additional collateral to secure the loan. This additional collateral can come in many ways. Of course the seller can require a large down payment. However, some other options include additional co-signers on the loan or equity in a 2nd property. If the buyer owns another home or an investor own additional property, the seller can attach their seller finance note to the other property. This will make it more painful for the buyer to default because the seller can claim the additional property in the event of a foreclosure.

In selling a property it is the owner who has control over the entire transaction when they offer seller financing. The seller controls all the aspects of the sell including the timing, the price, the terms, their return on investment, and security and protection of their equity. Since the seller has the flexibility to craft a sell the meet all of their needs, why would you sell it any other way?

How would you like to offer seller financing but remove all personal liability for the property after the sale? How would you like to increase your income from your rental property and get rid of ALL property management? How would you like to get paid twice what your property is worth? How would you like to sell your investment property and never pay capital gains taxes? Stay tuned for some practical examples of seller financing tips and techniques that will keep you out of trouble when you sell your property.

The Benefits of Integrating Finance With Six Sigma

With the involvement of the finance department in such initiatives right from the beginning, a large amount of assistance and benefits can be achieved.

The Finance Department as a Business Partner

Often people feel that the finance team is all about bookkeeping and accountancy, and making audits and financial reports. However, if the finance team is involved in selection of the Six Sigma projects, then they can prioritize a range of improvement projects to be undertaken by different departments.

The process owner finds the opportunities for improvement, forwards it to the finance team for feasibility study, who in turn will put them into the project pipeline for allocating them to the Black Belts. This saves time of Black Belts allowing starting off with the projects that need immediate attention.

Throughout the DMAIC process, the finance team can review with improvement teams the benefits of the project and agree on the calculation of the benefits. On transferring the project to the process owner, a review can be undertaken to assess the expected benefits of the project on the basis of the data collected in the entire process.

Black Belts need not put in time to calculate the benefits accrued. Once the project is executed, a review can be done after about six months to verify if the expected benefits are achieved. This helps identify any deviations. The Black Belts and the process owners can then make modifications that can bring in the expected improvements.

After about a year on implementation, a review can be done and a new baseline set using the improved KPIs. From there, it is just about the incremental benefits.

The finance department can be involved even before the involvement of the Black Belts and so can support the project even after the Belts move on to the next project.

Benefits of Involving the Finance Department

Integrity: A project team calculates the benefits that can be accrued from the project. However, there is every possibility that they will calculate the potential ones rather than the real ones.

The finance team provides integrity to the calculation of such benefits. They are realistic and allow the teams to focus on improving the KPIs without having to worry about the financial results.

Once the KPIs improve, the bottom line results are bound to improve.

Standardized calculation: The finance team can ensure that all project and areas of improvements have a standard calculation method for the benefits accruable from the project, and compare the results without any inconsistencies.

Avoiding recording incorrect benefits: The finance team will consider the factors beyond the project boundaries while calculating the benefits, which may be missed by the process owners.

Budget mechanism: A new project has to be included into the budget to ensure that the improvements in KPIs are sustained.

Audits: The project benefits are available for audits. Internal teams may also be allowed to undertake audits to review and calculate the benefits.

Accountability: The finance department is responsible and accountable for the proper reporting and to calculate the project results and the benefits achieved.

Proactive Finance team: Having been involved throughout the project, the finance department will find it beneficial in understanding the business even better with all its related factors.

By involving the finance department from the beginning of the Six Sigma project, the knowledge of the financial viability of the project is manifested. Then, the finance team may feel assured of achieving better results than in previous years.

Poverty Alleviation – The Micro Finance Banking Approach

Micro Finance Banking is extension of standard banking facilities to those doing small scale businesses, those living in poverty and those inhabiting rural areas without demanding collateral.

In finance, collateral placement is a visible barrier inhibiting people from accessing funds from concerned institutions. This hinders the enterprising exploits of those living at poverty levels and small scale business people who in most cases do not have properties that can stand as collateral.

Micro Financing is the only available option for individuals at such level to kick start their business ideas.

It sounds out of place for the average financially educated to extend loans without collateral but for those at the bottom of the pyramid, the poor and semi poor, it is sine qua non. Grading their credit ratings and abilities will never be a herculean task as most of them live in the same community and are totally accessible. Most often, the women who form the fulcrum of the communities are best channels of fund distribution.

These people who obtained such small loans are eager to implement their business ideas and maintain their source of funding as there are lesser options available to them. In most cases, the loans demanded by these people are small in nature, thus they can easily repay its interest payments and that of the capital.

For individuals and institutions offering such services, it will be an added advantage if more education and counseling is offered to their respective clients to improve and fortify their financial knowledge.

Micro credits facilities aimed at empowering the poor especially the women and those domiciled in rural areas is pivotal to creation of small scale industries thereby jump-starting the economy while pulling the machinery of industrialization. When those living at poverty level are empowered, poverty is alleviated if not eradicated.

Those involved in provision of these brand of services do not operate like or compete with conventional banks. This is solely because they are totally at variance in their aim, objectives and modus oparandi.

Personal Finance Online: Top 5 Financial Goals Examples

When considering budgeting, financial goal setting is one of those rare activities used by the wealthy and successful who are well used to using the tools available for managing their personal finance online. Information is easy to find because of the breadth of social media platforms and their accelerating usage amongst the money wise. Sometimes the issue is not what you know it’s what you do with that knowledge – from Belfast, Ireland to Kuala Lumpur, Malaysia.

Financial Goals can obviously be anything, from short term little goals like saving for a guilty pleasure, through to big goals like becoming debt free, but it can sometimes be a struggle to know what to aim for. Financial goals examples are good places to start when planning personal finance online because they can be copied, emulated or modeled, and since this series is concerned with every aspect of personal finance online, we researched the top financial goals from the wide variety of websites providing insight on personal finance online, and present below the top 5 financial goals examples.

1. Clean Up Credit History

The number one entry in our financial goals examples, is clean up credit history. One of the primary weapons in managing personal finance online is the credit or FICO score. Contrary to myth, there is no single ‘score’ or ‘rating’ -these are different calculations by lenders on the basis of how much profit they can forecast from you. Common ways to clean up a personal finance credit history are to check your report from credit reference agencies, change bank accounts, close unused credit card accounts, detach from people you’ve been linked to in joint borrowings, and ensure you have standard things like a land line and entry on the electoral register. These can all change your profile after 6 months has passed.

2. Create A Workable Budget

The number two entry in our financial goals examples, and one which is particularly relevant to managing personal finance online is to create a workable budget. The central principal in any budget is understanding where all the money goes – specifically, and then making choices and decisions about how to use the available funds – within your means.

there are many personal finance online software tools, budget worksheets, family budget spreadsheets, all available to assist in setting these financial goals.

3. Eliminate Bad Debt

The number three entry in our financial goals examples is to eliminate bad debt. Eliminating bad debt is easy. Pay the minimum on all cards and loans except the most expensive interest rate, to which you allocate as much of the budget as possible. When that card is paid off, transfer all that budget to the next expensive, and so on until they are all gone. Other options include debt management plans, debt counselling services, or insolvency remedies like bankruptcy of voluntary agreements. The hardest action in eliminating bad debt is taking action to start, the rest is pretty straightforward

4. Create An Automated Savings Fund

The number four entry in our financial goals examples is an essential part of personal finance budgets, for either a rainy day, an emergency or some future purchases. Sometimes called income smoothing, it involves paying yourself first out of money coming in, before paying the expenses and bills. Simply divert a sum the same day the paycheck clears at the bank – you’ll never notice it gone, and build up your reserves. You can keep track of how it is building by including it within the budget section of a personal finance online tool, or personal finance budget software.

5.Start A Business

The final and possibly most lucrative of our financial goals examples is to start a business. This is easier than it sounds and can be done even if you are in a full time job. It is really easy to start an online business, create knowledge products and sell them online. All this secondary income has huge tax advantages, and if you want to get serious about it full time there are plenty of coaches, like me, who have done it and can help.

Your Best Options in Financing Bank Foreclosed Homes

Financing is an important aspect in foreclosure investing. When looking to finance your foreclosure purchase, it is best if you know the different options available to you as a buyer. There are a number of ways in which you can finance bank foreclosed homes and you should be able to determine which of these is the most appropriate scheme for you. Knowing your options should eliminate for you any impediment that could thwart your efforts.

Secured Mortgage

If you have any stocks and property, you could use them as collateral to secure your loan. Banks are more confident to approve secured loans since the borrower usually puts up a property or interest to ensure that banks may recover in case he defaults.

If you have a property that has been sitting there for a while, then you can use that to finance your purchase. However, you should be aware that your collaterals should be directly proportionate to the amount of your loan. Hence, you should be able to produce a large enough security if you want to obtain a large secure loan.

Unsecured Loans

If you do not have any property or capital to part with or if your security is insufficient to cover the amount of loan that you need, you can always turn to unsecured loans. But this type of financing means that the bank will have to assess your credit history, income level, financial interests and other financial data that could help them evaluate your credit worthiness to purchase bank foreclosed homes.

Because this type of loan is unsecured, the lender is generally more stringent in their requirements and processes. In order to ensure that you will be approved, your documents should show that you are capable of repaying the loan within the required period of time. Sometimes, the applicable interest rates will vary according to your credit score. Fortunately, you can eventually try to convert an unsecured loan to a standard mortgage.

Borrow From Relatives

Sometimes, when everything else fails and you have nowhere else to go, your family can provide you with the easiest and fastest solution. Borrowing from family and relatives can be your smartest option since the only requirement for approval is trust. If you have a relative or a family member who is more than willing to help you out in financing your home, you might want to seriously consider accepting that loan offer rather than go through a standard financing scheme. A family loan is always favorable to the borrower since it is rare that family members would charge a high interest rate for one of their own.

However, this option is without difficulties. There are times when family ties are strained and in some cases, severed, when members cross the boundaries of long-held family values and step on the threshold of deceit and betrayal. The most important thing to remember when loaning from family in order to finance bank foreclosed homes is to always keep that high level of confidence and trust that they have given you.

What Are Some of the Highest Paid College Degrees?

One of the highest paid college degrees is in the field of engineers, Engineers don’t get paid more because they are needed. They get paid more due to supply and demand. Engineering, implementation, and operations are not valued as highly in the United States and are appropriately being shifted overseas. I fear one day we will be left with a nation of hairdressers and real estate agents. Engineers have a pay ceiling, while business and finance majors don’t. Of course, it is a lot easier to get a job as an engineer, since they are more desirable.

Engineering majors continue to top the list for highest paid starting salaries. According to the NACE survey, chemical engineering graduates garner the highest average salary among all graduates at $55,900, up 4.2 percent from last year, from $53,813. Engineers oversee the quality-control portions of product development, such as temperature and liquid levels in processing tanks. Process control specialists improve production to a diverse array of industries, ranging from ice cream production to plastics manufacturing. Engineering is a “trade” field of math, so it is not included.

Chemical engineering has been the highest paid college degrees the last few years because of the rise in petroleum fuel prices and our (and other country’s) increasing demand for the black gold. Not only are chemical engineers paid well, they’re in high demand with a reported 0.2% unemployment rate! Chemical engineers are involved in the current development of nanotechnology, alternatives to fossil fuels and refrigerants that don’t damage the ozone layer.

Workers with a master’s, doctoral, or first– professional degree usually earn more than those with a bachelor’s. This is not surprising because more-educated workers qualify for several high-paying occupations that bachelor’s degree holders do not. Workers in the computer systems design and related services industry generally command higher earnings than the national average. All production or nonsupervisory workers in the industry averaged $1,265 a week in 2006, significantly higher than the average of $568 for all industries. Workers 18 and over sporting bachelors degrees earn an average of $51,206 a year, while those with a high school diploma earn $27,915.

Education seems to be one of the best investments one can make during his/her life. Education is of fundamental importance in expanding ones understanding of the world and ourselves. Unless one is particularly talented and focused in one area that they wish to pursue, and even then, one should consider the merits of starting in the working world too early. Education was always important in my household. So if your thinking about education you may want to find out what are the highest paid college degrees.

When Buying Accredited College Degree’s

Be careful with Diploma mill operators, they often portray themselves as legitimate institutions and claim they’re accredited. The problem: The organizations they say have accredited them are often bogus themselves.

Diploma mills capitalize on the consumer desire for a more competitive career edge. For most professionals, the competitive leg up translates to more education. Diploma Company will connect you to the absolute best in authentic fake high school diplomas and fake transcripts.

Diploma and Certificate programs are also available. Diploma Mills are unaccredited institutions that offer worthless fake degrees. These degrees require little effort and are awarded based on “experience” and your willingness to pay money for a piece of parchment.

Diplomas, certificates, and associate, bachelor, and graduate degrees are offered by some very prominent and accredited American schools. Here, students can find more details about programs in business, paralegal studies, culinary arts, graphic design, architecture, finance, health care and more.

Employers may have a complete negative feel for such candidates who apply for the job with online college degrees. There are several reasons to hold such an idea. Employers are particularly hot on this because of the amount of fake online degrees and schools there are out there. They especially do not like to look foolish when it comes to trying to justify why they have hired someone with a fake degree!

Online accredited college degrees give you the edge on other employees and potential employees you will compete against for jobs. The ease of handling course work, and doing all activities when and where is convenient for you should be enough to make you take the plunge to enroll.

Finding the Best Online Associate Degree Nursing Program

Finding the best online associate degree in nursing program requires that you determine your education and career goals first, and conduct thorough research second. An associate’s degree in nursing (AND), or an Associate of Science degree in Nursing (ASN), is a two-year program (sometimes less) that will allow you to sit for the NCLEX to become an RN without having to complete a bachelor’s degree. If after determining that wants a college degree, can continue their education online. Some schools offer an RN to BSN program caters specifically to these students.
What to Look For

By finding the best online associate degree in nursing program, bear in mind that becomes an RN required to complete the NCLEX examination, allowing you to obtain a bachelor’s degree through their state. Therefore, finding the best line associate degree nursing programs require that you find a program that is approved by their state. In addition, when research programs, find out how many graduates will be RNs. Schools are trying to track this information as accurately as possible, because a high percentage of graduates become RNs reflects well in school. A school that is accredited is much more likely to be approved by their state, to investigate any school as well as accreditation.

Finding the best online associate degree in nursing program also means finding a program that works well for you and that is affordable (although the costs should not be the determining factor if possible). This means that teachers have experience in the field of nursing and that classes are offered in a way that works with your schedule. Some schools offer courses in “real time”, which means you must be on your computer during certain times. In real-time courses could include conferences live via streaming video or online chats, or class discussion to be carried out through a real-time format. Others offer courses of study in their own time, but often due to transfers of a specific time. Many schools also offer a combination of learning opportunities covering both methods of delivery.

Comparing schools

Once you’ve chosen the top schools, considering all factors when making its decision. This includes requirements, tuition, financing options, and student support. Technical support and student counselling programmes are important aspects in its decision because of the unique nature of online learning. Finding the best online associate degree in nursing program requires careful consideration of all these factors.

Careers in Healthcare Management

Many of us associate a career in healthcare with nobility and helping others, treating doctors, nurses and other primary patient care providers with awe and admiration. But we forget that healthcare is also a business and like any other business, it needs efficient management and administration to survive. So, who are the people working tirelessly behind the scenes to make sure the delivery of healthcare is smooth at all times? These professionals are none other than health service managers or healthcare administrators trained and qualified to plan, direct, supervise, and coordinate the delivery of healthcare.

Healthcare management is an ideal career choice for individuals who want to take advantage of the growing job opportunities in this sector, but away from direct patient care. Interested? Then read on to find out more about the different healthcare management careers.

Educational Qualifications

The first thing you need to do for a healthcare management career is to get appropriate training. A health services manager is much like a manager in any other business unit who should have strong business and management skills as well as the ability to communicate effectively. A solid academic program definitely helps you acquire some of these skills. To work your way up the corporate ladder, a Bachelor of Science in Healthcare Administration degree would be a best suit for you. However, the standard credential for more senior positions in the field is a Master’s in Healthcare Administration degree.

Career Paths

Technological advancements and complex medical regulations have made the job of a healthcare administrator both exciting as well as challenging. As described earlier, healthcare managers are involved in planning and supervising the healthcare delivery system of a facility. Depending on its size, expertise and experience levels, they could lead an entire healthcare facility or be part of a team of health service managers working under a top administrator. Their day to day activities include management of finances, personnel, operations and admissions.

Other healthcare management careers that can be considered are clinical management and health information management. Clinical managers are trained and experienced in a particular clinical area, and are responsible for taking care of that respective department in the healthcare facility. To become a clinical manager, you need to have a degree in a related field. You can supplement your education and boost your career with a Master’s in Healthcare Administration degree.

Health information managers, on the other hand, maintain patient records in a secure manner in keeping with the federal government regulations. Health information managers need to have completed an undergraduate or graduate program in health information management.

Employment Opportunities

According to 2010-11 edition of the Department of Labor’s Occupation Outlook Handbook, the employment opportunities for healthcare managers should be good, and the profession is expected to witness a “faster than average” growth through 2018. The writing on the wall is bold and clear. This is the time to enter healthcare management careers. Undeniably, it’s a choice that requires considerable investment of time, money and effort. But equally irrefutable is the fact that you will soon see your investment turn into gold. Like a wise man once said – as you sow so shall you reap!