Do you want to get some help in building your business? Are you facing some problem regarding your business? You do not need to worry because you have the government grants for small business. If you want to start you own business or if you are in the middle of the business and want some improvement then just turn to the government for help. The government has promised grants for all those who actually need them.
There are thousands of small as well as large companies which take the government grants for small business year after year. If you are interested in having a little business of your own then why not begin it with the help from the federal government? There is a great value of the small businesses in the global economy and hence the governments of the various countries are trying their best to improve and enhance the small businesses. Essential Grants The government grants for small business can be very essential to you. As a citizen of the country you have every right to this grant given by the government. The government of America has promised to give out more money than ever before. So it is time to take these grants and also move a step forward to utilize these grants for your small business. You might not know that the government grants for business are not given by the federal government. To get this grant you need to contact the state government. These grants are given by the state. You need to apply for the small business grant to the state government. There are a number of agencies present in the state which look after all the matters regarding the business grants. These agencies will provide you with grants if you want to start a new company or even revive the old company. You will get every kind of help required by the state government agencies. Other Grants The federal governments too offer some kind of help to the little businesses. But these help is in the form of loans. The federal government offers the loan through the banks. The banks provide the owner of the small business with loans. The rates of interest for these loans are kept very low. The federal government offers some attractive packages of loans for the smaller business. So you can even think of these loans as well. These will also be useful for your smaller business. If you have not applied for these grants then you might fall behind in the race with the other little business organizations. You can also apply for a number of government grants. Therefore the government grants for small businesses come in various forms. http://federal-government.ezinemark.com/receiving-government-grants-for-small-business-4ee4b4437a1.html
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Last Updated Oct 6, 2008 5:10 PM EDT
The crisis of confidence on Wall Street is pushing up costs of variable-interest commercial loans, many of which are pegged to the London Interbank Offered Rate (LIBOR). Handset maker Palm Inc., which has invested more than 12 percent of its sales in R&D in each of the last two years, or about $392 million, to supplant its aging Centro smartphones with new high-end, business Treo products, now has to navigate higher borrowing costs as it attempts to re-establish itself as a leading innovator of mobile devices. As of August 31, 2008, $397 million of variable-rate indebtedness was outstanding, according to its first-quarter 2009 10-Q filing: "In October 2007, Palm entered into a credit agreement with JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., or the Credit Agreement, which governs a senior secured term loan in the aggregate principal amount of $400.0 million, or the Term Loan." "The Term Loan matures in April 2014, and bears interest at Palm's election at 1-, 2-, 3-, or 6-month LIBOR plus 3.50 percent. As of August 31, 2008, the interest rate was based on 1-month LIBOR plus 3.50%, or 5.97%. The principal is payable at 1% of the original balance per annum for the first five and a half years in equal quarterly installments, beginning on December 31, 2007. The remaining principal amount is payable in quarterly installments during the final year preceding the maturity." Palm leaders have bet heavily that new products and a new operating system platform can retake lost market share from Blackberry and iPhone. In the first quarter 2009, Palm paid $6.9 million, or 1.9% of sales, on its interest obligation. Looking ahead, Palm will be paying much more in borrowing costs: a hypothetical 100 basis point rise in LIBOR rate would result in an increase in interest expense of approximately $1.0 million each year for every $100 million of outstanding borrowings under its Credit Agreement. Last week, the one-month LIBOR rate closed at 3.93 percent, or an increase of 146 basis points since August 31, which means Palm's annual debt-service could jump an additional $6 million in 2009. On a whole, with cash on-hand of approximately $248 million, Palm should be able to weather the current credit storm -- assuming potential customers do not close their wallets to mobile phone purchases. -- This post first appeared in BNET's 10-Q Detective. © 2008 CBS Interactive Inc.. All Rights Reserved. http://www.cbsnews.com/news/palm-feeling-the-pinch-of-rising-commercial-loan-rates/ Commercial mortgage loans are not available to persons, but rather to businesses, which include partnerships, incorporated businesses, limited companies, etc. The business must be sound financially and the process to verify the business income can be more complicated than verifying the credit worthiness of a specific individual. That is why traditional commercial mortgages can take six to nine months to underwrite. Commercial loans are procured for a variety of reasons: to buy the premises of an existing business, to make improvements or enlarge existing premises, to make commercial and residential investments or to develop the existing property in other ways. An example would be to buy already constructed business premises, like offices, shops, restaurants, or pubs. Additionally, they can also be used to buy business assets such as plant equipment and specialized machinery. The Interest rates for commercial mortgages are generally higher than those for residential mortgages but lower than interest rates on unsecured business loans. A fixed-rate loan is the most common commercial mortgage. It is similar to the fixed rate home mortgage loan in that the interest rate remains constant throughout the term. However, the term for most commercial mortgage loans is between 3 and 10 years but they can be extended for as long as 25 years. The commercial mortgage loan amount and interest rate that you can receive is a direct correlation of the credit worthiness assessed by the lender with respect to your ability to repay the loan. If you have an excellent business record with a verifiable profit and loss business statement then you will have little trouble getting a commercial mortgage at an attractive interest rate. Commercial loans are not provided without extensive scrutiny regarding your business stability and profitability. The Lender usually wants to see your last three years of audited financial statements including a Profit and Loss statement, balance sheet and a cash flow forecast. Favorable business information is critical to the lender and to you because, as stated earlier, if you default on the loan the lender can repossess your property and sell it to repay the outstanding mortgage balance. The best place to find commercial mortgage loans is on the Internet. There are enormous numbers of commercial lenders vying for your business and they all advertise on the Internet. It is possible to compare many loan quotes side by side and determine which is best for your financial situation. By: Anthony Pace Article Directory: http://www.articledashboard.com Mortgage loans can be a confusing and complicated subject for many people. For some straight talk visit Home Mortgage Loans and learn more about the different Types of Mortgage Loans. http://www.articledashboard.com/Article/Commercial-Mortgage-Loans-Do-I-Qualify/468047 Are you currently paying off an SBA loan and wondering how rising interest rates could affect your monthly payments? Or, maybe you are considering getting an SBA loan but are worried that increases in interest rates will mean you have to pay back more than you are anticipating. Whichever the case, in this article we will explain how interest rates work, how SBA loans respond to rising interest rates, and give a general idea of what kind of rise you could expect in your loan payments in the next several years.
Why SBA Loan Payments Are Affected by Rising/Falling Interest Rates Most SBA loans, including 7A loans which are specifically for small businesses, have variable interest rates. This means that the interest rate on your loan can rise or fall based on what the overall market climate is for interest rates. Most people use the Wall Street Journal's prime rate index, a summary of the rates of the 30 largest lending institutions in the United States, as a general guide when discussing overall interest rate trends. So, as the prime rate falls or rises, the interest rate on your SBA loan will fall or rise as well, although often not as dramatically as the prime rate increase. It all depends on where you are in life of your loan, which we will discuss below. What would your rate be if you took out an SBA loan today? SBA Loan Calculator Are Interest Rates Expected to Rise? As with any future financial projections, trying to guess what interest rates are going to do in the next several years is not an exact science. However, the overall consensus of many interest rate specialists is that interest rates will rise slowly, between 2-5% in the next 10 years. If this is the case, the question then becomes, how will an interest rate increase impact your loan payment, and therefore your wallet? How Much Will Rising Interest Rates Actually Affect My Monthly Loan Payment? Let's assume that the prime rate will rise around 5% in the next 10 years. Does this mean that your monthly loan payment will be 5% higher? The answer is, probably not. Interest rates rarely make significant jumps over night. It is more likely that rates will increase 1% or so in the first several years, and then 2-3% over the next 8 years or so. When you first begin paying off your SBA loan, you are primarily paying down interest. As you get close to the end of your loan term, you are mostly paying down principal. The only way your monthly loan payment might be significantly affected, is if the prime rate would jump significantly in the first several years of your loan, which is unlikely. If the interest rate jumps in the last year or two of your loan term, it will have minimal impact, because the interest portion of the loan is already payed off. Example: So, how much is my monthly payment actually going to change? Let's say you pay $1100/month for your SBA payment. If interest rates would happen to rise 2% in the first year of your loan, then your payment would probably reflect that, rising to around $1122 or so per month, which could add up over the life of the loan. However, if rates rise 2% in the last year or two of your term, it will be more like ¼% difference, to around $1100.75, which is peanuts. Conclusion All in all, it is not worth getting too worried about rising interest rates jacking up your SBA loan payments. Unless the prime rate goes up 4-5% in the first couple years of your loan, which does not seem likely, the actual monetary impact on your monthly payment is really pretty minimal. http://www.huffingtonpost.com/marc-prosser/how-will-rising-interest-_b_7521646.html The Senate voted to add $130 million to President Bush's
budget request for the Small Business Administration, bringing the agency to a total of $754 million for 2007. The amendment would provide funds to block a fee increase on SBA-guaranteed loans of more than $1 million and to kill a proposed interest rate increase on disaster loans. It would boost funding for small business development centers and continue three programs the administration wants to eliminate: the Microloan program, PRIME loans and the New Markets Venture Capital program. The Senate approved the 2007 budget blueprint March 16 on a 5149 vote and sent it to the House. Final spending levels will be set in appropriations bills to be considered later in the year. The president's proposed $624 million budget for SBA would be 37% lower than the agency's budget when he took office. The cuts have caused unease even among the Republicans who head Congress's small business committees. The Senate committee chair, Olympia Snowe (R-ME), said, "The SBA argues that it 'does more with less,' but the agency's resources and employees are stretched too thin." She and the committee's ranking Democrat, John Kerry (MA), sponsored the amendment to increase the budget. House Small Business Committee Chairman Don Manzullo (RIL) said he opposes the increases in loan fees and disaster-loan interest rates. At a hearing before the House committee March 15, SBA Administrator Hector Barreto said the agency "will be able to serve record numbers of small businesses" with a smaller budget. "Lending is at an all-time high, more clients than ever are being served by our entrepreneurial development programs, and improved methods to assist small businesses gain access to government contracting opportunities have been implemented," he said. Disaster Aid Debated SBA's disaster assistance program in the Gulf Coast hurricane zone continues to draw fire. Rep. Nydia Velazquez, ranking Democrat on the House committee, said SBA has rejected 65% of loan applications from victims of Hurricanes Katrina, Wilma and Rita, a far higher rejection rate than in previous disasters. Sen. Snow said only 8% of loan funds that have been approved have actually been disbursed. Barreto said the rejection rate is high because many homeowners had to apply for SBA loans they didn't want, and be turned down, in order to qualify for grants from FEMA. He said the slow pace of disbursements is largely up to the borrower, who decides when to close on the loan, and many businesses have not been able to get flood insurance or building permits or find contractors to repair damage. Louisiana Senator Mary Landrieu (D) said SBA is moving so slowly that prospective borrowers "have just sort of given up and gone elsewhere." But Barreto testified there is no "huge backlog" of business loans. SBA said it has approved more than 94,000 disaster loans to victims of last year's hurricanes, totaling $6.5 billion. The agency announced it has extend the deadline for applications an additional month, until April 10. http://www.thefreelibrary.com/SenatevotestoincreaseSBAbudget.-a0144013061 Business Editors CHICAGO--(BUSINESS WIRE)--May 16, 2002 Fitch Ratings has assigned an 'AAA' rating to the Business Loan Express SBA loan-backed notes, series 2002-1 class A notes and an 'A' rating to the class M notes. Principal and interest are paid to the note holders on the 25th of every month following the date of issuance. The class A notes will pay a per-annum interest rate equal to one month LIBOR plus 55 basis points. The class M notes will pay a per-annum interest rate equal to one month LIBOR plus 140 basis points. The SBA loans are sold to the trust by Business Loan Center, Inc. (BLC) and BLX Funding Trust I (collectively, the Sellers). The 'AAA' rating on the class A notes and the 'A' rating on the class M notes are based on the following: --Aggregate credit enhancement in the form of subordination, a letter of credit and excess spread that will be trapped for delinquent loans and any deterioration in the margin between prime and LIBOR; --The diverse collateral pool of loans being purchased by the trust; --The Sellers' experienced management team; --The low delinquency and default history of the Sellers' SBA loan portfolio, as well as the historical performance of SBA 7(a) unguaranteed loans of the Small Business Administration; --The Sellers' loan origination and servicing policies and procedures; and, --The sound legal and payment structure of the transaction. Aggregate credit enhancement of 17% for the class A notes is provided through subordination from the class M and the unrated class B notes (10%) and a letter of credit provided by Bank of America, N.A. (7%). Aggregate credit enhancement of 9% for the class M notes is provided through subordination from the class B notes (2%) and the letter of credit (7%). In addition, the notes will benefit from excess spread on both the guaranteed and unguaranteed portions of the underlying SBA loans as well as excess spread trapped for delinquent loans and any deterioration in the margin between prime and LIBOR. Headquartered in New York, NY, BLC is a wholly owned subsidiary of Business Loan Express, Inc. (BLX). BLC is one of only 13 non-bank participants in the SBA 7(a) program. Allied Capital Corporation acquired Business Loan Express (f.k.a. BLC Financial Services, Inc.), on Dec. 31, 2000. BLX 2002-1 represents BLC's fifth securitization of the unguaranteed interests in SBA 7(a) loans. COPYRIGHT 2002 Business Wire No portion of this article can be reproduced without the express written permission from the copyright holder. Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company. http://www.thefreelibrary.com/FitchRatesBusinessLoanExpressSBALoanTrustSeries2002-1.-a085971983 Best Answer:
The rate would depend on a lot of factors. But because this is a made up business, let's say that everything the bank looks at (credit reports, financial statements, collateral, etc) is perfect. If the loan is secured by real estate the rate most likely will be fixed at about 7.25% with monthly principal and interest payments based on an amortization period up to 25 years. If the loan is secured by the company's assets, the rate would be closer to 7.75% and probably a variable rate based on the 5 or 10 year Treasury Bill plus a spread added to it. Monthly payments would still be principal and interest, but the term and the amortization period would be shorter than above - closer to 5 years. Source(s): Commercial Credit Manager Report Abuse https://answers.yahoo.com/question/index?qid=20070310163724AACeZoF By clicking Next, you agree to the AXS.com Terms and Conditions.
By creating an account, you consent to receive personalised marketing communications from AXS and the Ticket Supplier for the event, in accordance with our Privacy Policy and Terms of Use. You may opt out of these communications at any time via your online account or via the 'unsubscribe' instructions in any communications you receive. Yes, I'd like to receive additional offers and email communications from third parties, such as the event promoter, related to this event. Privacy Policy http://www.examiner.com/article/double-student-loan-interest-rates-or-the-smarter-solutions-for-students-act Prolotherapy, which is shorthand for proliferative therapy, refers to a variety of techniques for healing or repairing damaged ligaments and tendons. Earliest reports of this practice date back to Hippocrates, who used a hot poker to repair the rotator cuffs of javelin throwers, and a hot needle lanced in and around the vertebra to cure back pain. Seemingly barbaric, it is thought that this stimulated inflammation, and the body's natural healing response.
"stimulate a natural healing" Modern prolotherapy does not use hot pokers, today practitioners use a variety of injectable substances to generate local inflammation and stimulate a natural healing. Often dextrose, phenol, glycerin, and others are used to trigger the cascade of events that occur with normal wound healing. This is particularly useful in the case of ligaments and tendons. These strong connective tissues have a very minimal blood supply, which results in very slow healing. When there is an injury, the healing of ligaments and tendons lags far behind muscles and bones, which enjoy a rich blood supply. "heal in a stretched out, non-functional condition" Remember, ligaments connect bone to bone, and stabilize your joints. Tendons connect muscle to bone, and give your joints a smooth action. In many cases, after an injury when patients are anxious to return to activity, these tissues never heal completely. Or, they may heal in a stretched out, non-functional condition. This allows ongoing pain, and if a joint is involved, abnormal motion and early arthritis. Prolotherapy is not only used after an injury. It is also useful for people with ligamentous laxity. Some people have extremely loose ligaments that fail to hold the bones in proper position. This can occur naturally, which is more common in women, or it can occur because of lifestyle. Things such as poor posture, or a lifetime of lifting and bending can cause chronically stretched out and lax ligaments. Prolotherapy is reported to shorten and strengthen these damaged structures. "proliferants, irritants, and particulates" Injection techniques, solutions, and theories vary among practitioners. In general, the solutions injected can be separated into three categories, proliferants, irritants, and particulates. Proliferants and irritants work by damaging a few cells, which stimulates the inflammation and begins the wound healing cascade. Particulates work by attracting macrophages to the area which begins a series of events resulting in collagen production. The newest advance in prolotherapy is the injection of growth factors. They are used to directly stimulate the cells leading to a proliferation of fibroblasts and collagen generation. "Success rates with prolotherapy vary..." Success rates with prolotherapy vary, depending on who you talk to. Proponents claim a 85-95% success rate, but the reports are mostly anecdotal, and well controlled independent studies are lacking. Acceptance into modern medicine requires the gold standard study, a double blind comparison, using large numbers of people. Prolotherapy is not widely accepted in the United States medical community, but this does not mean, that it does not work. It only means that adequate studies have not been done, and doctors have not embraced the procedure. Designing a large scale, double blind, high quality study for prolotherapy is a difficult task. A double blind study requires an adequate control or placebo for comparison to the procedure being studied. This is easy enough when studying oral medications, because you can make two different pills look exactly the same. This becomes much more difficult with procedures, and especially procedures involving an injection. Prior studies of similar procedures have always rendered confusing and inconclusive results. "reviewed five studies of prolotherapy" A scientific group, The Cochrane Collaboration, reviewed five studies of prolotherapy for low back pain. They determined that three studies showed prolotherapy was not useful in the treatment of low back pain. Two studies showed that it may help when combined with other treatments, such as spinal manipulation, and exercise. The risks of prolotherapy are low, with infection being the most serious possibility. This risk is well controlled with adequate precautions. The most common side effect is soreness and stiffness for a few days to a few weeks after the injection. "The answer is "it depends" Should you get prolotherapy? The answer is "it depends". If you have chronic pain , ask your doctor or orthopedic surgeon if you have ligamentous laxity. Or if there was an injury, could you have injured a tendon or ligament. When you consider the low risk, and the potential for great benefits, prolotherapy may be worth considering. http://healing.ezinemark.com/prolotherapy-is-it-right-for-you-4f2734f5fac.html |