Financing With “Plastic”

Years ago, I was sent a credit card from a large national bank. Having had some rough financial years early in my business, it was pleasant to have a bank courting my business, even if their offer came via mail! I had come out of those rough times with nary a debt, and I was loathe to incur new debt, so the card sat in my wallet for months. One day, the bank sent an interesting note with their regular monthly mailing; it had an offer that I could not refuse.

“Use your bank issued credit card twice in the next month and receive a twenty-five dollar credit on the following month’s bill.”

The bank would actually pay me to use the card- and as I happened to be furnishing a new apartment; this was a deal I could take advantage of. Sure enough, after two purchases, my next bill came in with a credit, and with perfect timing, at that. Brendle’s, a small retail chain was closing up their stores and had products marked down 50-75 percent, and the credit went a bit further there. This was my first lesson in using credit for gain. Banks and credit companies know that the law of averages plays in their favor when offering special credit deals, so they have little concern for the few that actually use their products and take advantage of them! While some of the sweet deals of yesterday are no longer available, there are still plenty of opportunities to use the credit companies to increase your gain, instead of theirs.

One would be remiss if he did not discuss the hazards of credit card usage before encouraging such a practice. As we head into the second decade of the 2000′s, the danger of irresponsible credit usage abounds in just about every financial sector; even our government is jumping into the fray, using debt to try to stimulate a struggling economy. Banks have been squeezed by unprecedented levels of foreclosures and defaults on other types of loans, as well. Small businesses have seen difficulty in getting financing for projects, or have had banks tighten up credit lines at renewal.

Most of these issues have their roots in the abuse of our financial system; this abuse has been promoted by the very institutions that our financial systems are built around, namely, the banks. To help stabilize our economy, new government regulations have been put in place designed to shrink the amount of unsecured credit that financial institutions hold. This has made the widespread use of credit card debt a bit tougher for many small business owners. Lately, consumers have been surprised to see a letter from their credit card company informing them of a decrease in their credit limit. Those who have been imprudent in their use of credit have little hope of taking advantage of the benefits of “plastic;” those who have been responsible and are disciplined can use this avenue of financing, even if their opportunities are slightly diminished by today’s economic problems.

While one might find numerous reasons to use credit cards to finance business purchases and expenses, there are certainly a few worth mentioning here. First on this short list would be the ability to reap rewards. User rewards come in all forms- from hotel stays, to airline mileage rewards, to bonus points toward purchases. Many consumers have taken advantage of certain credit cards issued through retail or mail order establishments due to the discounts that are offered, free shipping, or point towards the purchase of products.

A business owner who travels extensively might find the frequent flier cards are the best option for them. The wise card user will be careful when looking at the fine print that comes with these cards, as some programs are much more flexible with their rewards than others. The business that spends large amounts on reward cards can end up with impressive amounts of points after a year; these can be used personally, or can be used as the businesses own reward system for deserving employees. For those counting their rewards, monthly expenses will build those balances quickly.

Beyond the reward programs, the ability to use credit accounts to manage expenses is a second reason that credit cards can be useful to the business owner. Years ago, American Express was on the fore front of this type of usage by offering very detailed expense reports with every monthly bill. Today, every business card is offering this type of billing. When starting a new business, a few expenses are easy to manage; over time, the potential monthly charges and regular invoices can really add up, making bookkeeping a time wasting chore. Whether monthly expenditures are entered manually or through a software interface such as QuickBooks, the ability to deal with expenses once a month helps alleviate some of the office work a small business owner is liable to be saddled with.

When one couples electronic billing and banking, almost the entire spectrum of a business’ accounts payable can be managed with a credit card. It was not long ago that premiums for using credit cards for bill payment were common; now, most vendors, including public utilities and localities, treat credit card payments in the same way they would treat bank payments. Equipment and raw material purchases, which are often made on account with individual vendors, could be paid with credit cards, as well. In today’s economy, even vendors who declined to take cards for payment of invoices are more willing to accept any form of payment. This brings us to a third potential benefit that credit cards offer.

Can a Goat Herder Teach Banks How to Loan to Small Business

Small businesses and entrepreneurs need to be able to get loans from banks to grow and or expand their businesses. Entrepreneurs and small businesses go to banks to get loans to make capital improvements, large purchases, buy a business, and generally expand their business. Basically small business have financing needs that go beyond the immediate cash flow generated by their business.

Imagine driving to the bank in your new Lexus, dressed accordingly, meeting with a bank loan officer and discussing your 5 years old business, your college degree, OK credit score, net worth of $500k and your business generating $50k a year in cash flow and asking to borrow $10,000. Do you think you will get that loan?

Now- For a moment pretend that you are a poor goat herder walking to town to get a loan, you don’t have any money to open a savings account with, you don’t have any normal collateral to secure a loan with, you don’t have a credit record as you have never been formally employed and you’ve never taken out a loan before. Also consider that you might even be unable to complete the necessary paperwork as you are illiterate. You earn about $1/day, and you want a loan of $250 to buy more goats to grow your business. Do you think you will get the loan? – Due to Micro financing the the goat herder may get the loan before the Lexus college graduate.

Many of us Entrepreneurs and Small businessmen/women donate time and or money to various causes or needs. I have been involved with Kiva since 2007. Kiva provides microfinance to Third World Entrepreneurs to help them grow their business. Kiva was founded by 2 former 20 something year olds that were former employees of TIVO and PAYPAL. Microfinance is the supply of loans, savings, and other basic financial services to the poor. As the financial services of microfinance usually involve small amounts of money – small loans, small savings etc. – the term “microfinance” helps to differentiate these services from those which formal banks provide. Why are they small? Someone who doesn’t have a lot of money isn’t likely to want to take out a $5,000 loan, or be able to open a savings account with an opening balance of $1,000. Hence – “micro.”

These are small loans, multiple lenders will “pool” their loans to come up with a lump sum to provide to the Entrepreneur. Again most of the Entrepreneurs I have loaned money to over the last 4 years earn less than $1/day. When an entrepreneur pays off a loan, I reloan those moneys to another. So far I have loaned to 18 different entrepreneurs and repayment of loans have been 100%. Since 2005 Kiva as a group has loaned almost $150,000,000 to almost 400,000 Entrepreneurs and repayment has been 98.27%. Why can this organization have such success in getting loans repaid from those with so little and banks in our “developed nations” loaning to those with abundant resources have problems so significant that these banks need a “bailout” from their government and ultimately taxpayers. Is it the conventional bank that is doing something wrong? Are they loaning to the wrong people on a consistent basis? How much of the blame falls on those that are requesting the loan?.

Currently how many good entrepreneurs and small business are not able to get loans as a result of mistakes made by conventional banks in the past. It seems to me that banks tend to over respond to problems. Obviously if you are a lender and want to have no loans default and you loan no money- you can achieve your goal. As a business broker I see the need for lending to allow buyers to finance the acquisition of buying a business. I also see income statements and balances sheets of reasonable small businesses that are using credit cards to help finance their businesses. It is hard for me to understand how our economy is benefiting by having small business owners take these “whatever is necessary” financing steps when traditional prudent lending to small businesses could truly be our fastest way to our economic recovery. The banks reduce/tighten their lending, the need for small business financing continues, higher interest is being paid through credit card financing, non-conventional means, and when does that higher expense cause employee reductions. Small business could divert money from high interest payments to investments and improvements that actually improve their business and create jobs.

Why can the goat herder get a loan and the Print Shop owner not? Or maybe if I were a banker I could ask why does the goat herder pay off his loans and the Lexus driving College Graduate Default? I understand there is a lot more that goes on between the comparison of a conventional bank and micro finance- but maybe conventional banks could learn something from Micro finance groups such as Kiva.

Financing a Business – Equipment Leasing Vs Business Loans and Cash

There are three main options when financing your business equipment: paying cash, bank business loans and equipment leasing.

To better explain the different options of financing a business, we’ll use a real world example.

ABC Foundry – A Real World Business Financing Example

ABC Foundry needed to upgrade its melting equipment to meet the increased demand for truck replacement parts they are projecting to have in the next several years. The key equipment included two Power Supplies – 480 V input; two sets of high conductivity water cooled drop bars; two sets of Water Cooled Power Leads; two steel frame furnaces; a nonferrous closed pressurized water cooling system; and three electric cranes. Their total cost was $340,000.

In this example, management considered the options of equipment leasing, bank business loans or paying directly with cash.

Equipment Leasing vs. Cash

Due to ABC Foundry’s overall leverage, cash was not a viable option for financing its business. Even if it had the cash available, paying cash may not have been the right decision. According to a Dun and Bradstreet survey, the average company earns 15% on the money that is left in the business. Even if earnings were at 10%, the company is still better off using equipment leasing. Furthermore these examples don’t include the positive tax consequences of writing off the lease payments. Equipment leasing also provides a hedge against inflation and keeps cash available for tougher times. Paying cash requires paying for the equipment before it is productive.

Equipment Leasing vs. Business Loans

The management of ABC Foundry quickly dismissed cash as an option, then considered a business loan from a bank. The company had $300,000 available on its $500,000 credit line, and the bank was willing to restructure the relationship to include the business equipment loan with a 20% down payment.

The bank offered a five year 9% loan with a down payment of $67,484, the amount financed would have been a loan of $269,934 and monthly payments would be $5,605. The terms were favorable but the net result would stretch the company’s bank credit availability.

The Option Chosen for Financing a Business

After considering the alternatives for financing their business equipment, management decided to choose equipment leasing over business loans or cash. This allowed them to conserve the cash required for the bank loan down payment, and preserve the company’s bank borrowing capacity to support the company’s anticipated growth. The lease also gave them greater tax benefits.

3 Secrets To Begin Your Finance Internships

Jump-start your finance-related career with finance internships and be ahead of the pack. Internships provide your passports to lucrative careers because these are real life job experiences. Add to that, your credentials bloom and landing a job after an internship is highly expected. The benefits are astounding and perks are fantastic.

How To Find Your Potential Finance Internships Company

Searching for finance internships entails good planning and in depth research and some investigation for the best internship opportunities. An online search is handy. You may also participate at bank-related events or fairs advertised on local papers or check it out from a list of banks which you can find in the phone directory or Internet. Or visit banks and enquire.

Once you find the bank or company that suits your interest, make sure you express your intention of applying for a finance internship program with them. The goal is to make yourself available for them. Prepare yourself and ask about the company, norms and ethics required from an intern. Ensure that you absorb everything to make your experience valuable to the company and benefits will redound to you, as well.

Secrets To Have A Good Headstart

1. Top Company Pick

When your options for finance internships are varied, the best way to select is to pick the right bank or company to engage in. This can be accomplished by seeking advises and referrals and obtain a good number of company portfolios. Ask people for feed backs about the company. The positive feed backs and company portfolio should speak of the company’s reputation and prestige. This is the right company for you. Apply with the company and make known your interest and why it is your choice for finance internships.

2. Get To Know The Contact Person

Companies who offer finance internships normally post the name of the contact person. Your future career as an investment banker is in this person’s hands. Instantly, build a personal rapport with the person. He/She serves as your link to the decision makers of the bank. Do not forget that the competition is stiff and companies are flooded with applications. So, make yourself known to the contact person by email or make a personal visit. Always go ahead of the pack and make yourself stand out from the streams of applicants.

3. Choosing The Best Offer

When you get multiple offers from your choices of finance internships, discern and decipher according to your priorities as you have pre-identified. Be prompt to inform the companies and make sure that you show up at the appointed time.

Benefits Of Finance Internships

Finance internships provide you with a perspective of your career path. The work experiences you earn will add value to your credentials – which can help you land a job in the finance or banking industry. It is an opportunity to acquire skills relative to the your chosen career.

The internship can be leveraged into a full time employment especially if you have met the standards of performance or surpassed expectations. Many big financial companies usually don’t just let go of their interns who have made a good impression.

An expanded contact base is also a benefit that you get from your internship. This healthy network means a solid base for future promotion in your career.

Creative Financing – Mortgage Notes and Exchanging

How to Buy and Sell Real Estate Without Using Bank Money

Just because the banks are not lending does not mean we cannot do real estate deals. Before money was invented buying and selling happened all over the world for thousands of years. Bank lending and money is not a necessary component of every transaction.


Able has too many cows and wants to balance his livestock herd with some goats. Baker has too many goats and wants to balance his livestock herd with some cows. Able offers Baker one cow for two goats. Baker counter-offers three goats for two cows. They shake hands and do the exchange. No cash changed hands. No bank financing was used. An amazing thing just happened: No broker fee, no appraisal fee, no inspection fee, no closing fee, no lender points, no paperwork and no file folder was created. A buyer and seller got together and told each other the benefits that they each sought-to better balance their herds.

They then worked out a mutually fair transaction whereby each got the specific benefit sought. Presto-a deal was done without using banks or money. Today, we can use this same basic model to facilitate our real estate transactions. The key is to focus on the benefits offered and the benefits sought.

Learn what it is that the other party wants or needs and see if you can match what you have with what the other party wants or needs. Forget about money; forget about involving a bank; focus of satisfying the benefits sought by each party.


Mr. & Mrs. Able have just put their two bedroom, no basement starter house under contract to be closed in 30 days for $275,000 to Mr. & Mrs. Buyer. The Ables have agreed to do seller financing for the Mr. & Mrs. Buyer because the Buyers couldn’t qualify for bank financing. The Ables will get $35,000 cash down and carry back a $240,000 first mortgage note bearing 6.5% interest amortized over 30 years, payable $1,516.96–principal and interest–per month. The reason that the Ables sold was because they needed a larger house for their growing family.

The Ables cannot qualify for bank financing because he is self-employed and his income is inconsistent as to when he receives it and irregular in the amounts that he does receive. Mrs. Able is a stay-at-home mom. Mr. & Mrs. Baker, are an older retired couple with some medical problems. They want to sell their present house and move into an assisted living facility. They plan to use the sales proceeds to invest in Bank Certificates of Deposit paying 1.25% annual interest; this is the highest rate that they can find in today’s financial environment.

A few years ago they planned on earning 4.50% annually, but that rate is not available to them now. Their house has three bedrooms, two baths, a full unfinished basement, and a two car garage. It is priced at $395,000-just right for the Able family.

The Ables offer the Bakers full price for their house under the following terms: $395,000 total price $240,000 1st mortgage note secured by Buyers note on the 2-bedroom ————$155,000 $ 25,000 cash-from the down payment paid by Buyer on the 2-bedroom ————$130,000 new 1st mortgage note secured by Bakers 3-bedroom house (6.5% annual interest, 30 year amortization, $821.69 monthly)

Summary of the transaction

Now, let’s examine the benefits flowing from these uncomplicated transactions: Mr. & Mrs. Buyer-acquired a family home that they could afford, without using bank financing, which they could not have qualified for anyway Mr. & Mrs. Able-sold a home in a difficult market, at a fair price, and received a valuable 1st mortgage and cash for their equity. They then used part of the cash and mortgage to buy a larger home, at a fair price. Mr. & Mrs. Baker-sold their home in a difficult market, at a fair price, and received two 1st mortgages notes that paid them 6.5% interest each, and a combined monthly payment of $2,338.65-far more than the 1.25% paid on Bank Certificates of Deposit.


Lawrence Tepper specializes in: PROMISSORY NOTE SERVICES, VALUATIONS AND BROKERING and Expert Witness and Expert Consulting Services


1956 Law Degree /Accounting Minor from University of Denver, 1961 to Present Colorado Real Estate Broker Specializing in Promissory Notes, All annual continuing education requirements fulfilled, 1984 Certified Commercial Investment Member Designation From National Assoc. Realtors.


Over 45 years of buying, selling, exchanging, brokering, and structuring promissory notes. Formal, professional valuation reports for lawyers, estates, CPA’s, and financial planners.

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.