Here’s One Reliable and Flexible Asset-Based Financing Option You Should Consider

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Financing officerAsset-based lending, for decades, has been a popular financing choice to secure capital under restricted cash flow and high-interest rate loan options.

Recently, it has also been a growing tool for many borrowers who are seeking for loan opportunities equipped with financial maintenance covenants and flexible terms and conditions.


With asset-based lending, companies that lack disposable cash can borrow against their existing assets, such as machinery and inventory. The loaned sum is often used to fund operational needs, such as payroll and capital purchases. Such dependability makes asset-based lending a popular financing option.

Asset-based lending is perfect for companies abundant with accounts receivable and inventory. Such companies, either small or large, operate in many industries, including wholesale, retail, rental, transportation, logistics, oil and gas, and durable goods manufacturing.


In the lending world, agreements run deals, and future deals rely heavily on their successful implementation. With asset-based lending, borrowers want the same covenant package across their instruments (i.e., high-yield bonds), the term loans as well as their other asset-based loan credit facilities.

Besides easing the loan process, being able to negotiate with covenants allows borrowers to check with their term loan and debt agreements throughout the life of the loan.

Another source of flexibility with asset-based lending is the creation of an integrated capital structure, which helps borrowers in solving issues that are inherent in the loan process.

The borrowing base under asset-based lending resizes the availability of funds when the business expands or contracts, ensuring greater control to the lender and, hence, avoiding unwanted losses. More so, asset-based loans are self-liquidating. Receipts automatically repay outstanding loans.

Asset-based lending is a reliable and flexible financing option in most industries and companies of all sizes.

Important Things to Consider Before Investing

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business man with rising coinsIn the light of the current political situation in the UK, an increasing amount of clients is deliberating whether investing or making changes to their investment portfolio is the right to do. Some investors are making quick decisions without taking into consideration their long-standing financial goals and interests and this can create problems.

Most investment companies in London, including Amyma, are not approved or controlled by the FCA and for this reason, they are unable to consult clients on financial matters or opinions in terms of investment portfolios or other investment activities. Potential investors should seek financial advice from FCA-regulated advisors before turning to an investment provider.

Financial Plan and Goals

Clients who wish to invest via investment companies in London, should go through their financial circumstances – this is especially important for clients who have never invested before. The first step to effective investing is creating a financial plan with realistic goals. In general, investment carries many risks and there is no guarantee that investors will make money from their investments. However, planning in advance and investing smartly is important for clients who wish to achieve financial security over the years.

Taking Risks

Prospective investors should always have in mind that investments involve a certain amount of risk. For instance, capital bonds may involve risking a certain amount of money or even the entire amount invested. However, carefully planning an investment plan can mitigate this risk to a certain extent.

On the other hand, risk can be a positive trigger and lead to a larger investment return. This is especially true for clients whose financial goals are long-term and are more likely to earn money by carefully investing in high-risk asset categories, such as bonds.

Mixing It Up

Mixing investments is another thing that potential investors, who are looking into investment companies in London, should take into consideration, since this can protect against significant financial losses. Different types of investments thrive under different market conditions and, commonly, market conditions that cause a certain type of investment to do well often cause another to produce average or bad results. However, investing in more than one asset categories often helps investors reduce the risk of financial loss in the long run.

Tips for Improving Revenue Cycle Management

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Man writing on a paper with bars and piesRevenue cycle management is one of the most critical concerns faced by healthcare providers in the country. After all, dealing with huge amount of numbers, policies, coverage and the like from different patients with different conditions is not easy. But, revenue management cycle is something that needs to be worked upon.

Fortunately, there are means to improve hospital revenue cycle management. A combination of human skills improvement and technological advancement can help get the job done.

Tips to improve hospital revenue management:

Utilize available software

There is various software designed to help manage revenue cycles in hospitals. All you have to do is find one that suits your needs. A good amount of research is needed to find the right one. Consulting with professionals can help you.

Have the right people

Aside from asking recommendations from the right people, having the skilled individuals who can operate the said system is also needed. This does not mean actual computer operation, but also work like data collection and input, or simply dealing with patient concerns.

Organize data

Like in taxes, it pays to be organized. Having the documents and receipts classified all together can help not just you, but the whole institution to operate the way it should.

Review your data

Data is collected not just to be stored but also to be reviewed and analyzed. Assign someone to tally and review your data to make sure that every single step is accurate.

Continue learning

Keep yourself updated with the latest systems. Train your people to cope and educate them to manage revenues in various methods. Continuous learning is the key to growth and improvement.

Are you having a hard time managing your revenues? Hold on to this guideline and see how it can help change your revenue cycle operations.

Refinancing: Pros, Cons, and What it Can Do for You

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a loan applicationRefinancing a home mortgage can be daunting. You can solve financial troubles in many ways, so consider the benefits and disadvantages of each option.

Refinancing vs. Mortgaging

To be clear, refinancing is different from getting a second mortgage. Financing expert Primary Residential Mortgage, Inc. states that a second mortgage simply allows you to make use of the equity you have in your property, thus leaving you with two loans.

Refinancing wipes out the original mortgage and replaces it with a brand-new one. Before agreeing to refinance, check that the terms of the new loan are better than the old one—this is assuming it was your choice to get refinanced.

Getting out of a Bad Thing

Home mortgages are not created equally. A deal you had several years ago may not be the best deal you can get today. Adjustable rate mortgages are a good example of this type of arrangement.

These come with an attractively low-interest rate for the first year or so, but look out: you may be surprised to find that the interest rate has tripled (or more!) afterwards.

Sometimes, when you’re no longer in control of the property – as in a divorce settlement or anything similar – and yet you’re still responsible for the mortgage, the only way to get out of it and change the co-signatory is to refinance it.

Perhaps you would also like to pay your mortgage sooner. You can refinance a thirty-year mortgage to a ten- or fifteen-year one instead. You may also do the opposite should you want to lower your monthly amortizations.


Most lenders only allow refinancing without private mortgage insurance (PMI) if your loan to value ratio is at 80% or less. So if your home is valued at 100,000USD, you can only refinance without PMI if you owe 80,000USD or less on it. PMI will add an extra cost to your amortization making refinancing ill-advised.

If, however, your mortgage is under Freddie Mac or Fannie May, you can use a Home Affordable Refinance Program (HARP) on your home loan.

By consulting a mortgage lender, you stand a good chance of getting the best deal for your situation.

What Does it Take to Secure A Business Loan Application?

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Businessman pressing a Business Loan concept buttonYou have multiple financing options to sustain or expand business operations. An option to consider is applying for a business loan, which can provide you with further capital to carry out your business plans. Wasatch Peaks Credit Union shares that Small Business Administration Loans, SBA-guaranteed government loans, and online loan access are just some loans your business can access.

But before you choose one over the other, consider the following steps to securing a suitable loan.

Present a Comprehensive Business Plan

A comprehensive business plan doesn’t just provide you with a blueprint for how you’ll achieve goals for your company. This critical guide also allows you to meet a requirement for your loan application.

A business plan has different details. One is a market analysis of the business, which acts as a statement of your experience. Another is the statement of collateral, which details the type of assets you intend to utilize to get the loan. Your plan also needs to include financial statements spanning a certain period, which gives your lender an overview of your business’s financial health.

Set the Right Amount Needed for the Business Loan

After preparing the business plan, you now have an idea about the approximate amount of loan that your business needs. Do not apply for more than what you can pay. Lenders may doubt your intentions and credibility. Also, do not lessen the amount of the loan because an insufficient working capital delays your plan and leads to more problems.

Prepare and study your financial projections, like cash flow, income statement, and balance sheet. This helps in knowing if you can pay the loan based on your estimated time frame.

Develop a Reliable Attitude

Your attitude may affect the lender’s decision about the loan application. Show consistency in your actions as you apply for the loan. Provide only accurate and factual information. Clarify if there are confusing details about the terms and conditions. Miscommunication could lead to the rejection of your loan application.

Do not delay in submitting additional documents upon request of the lender. Be patient in gathering documents and meeting requirements, so you increase your chances of getting the loan.

4 Stubborn Myths About VA Loans

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VA loansVeterans affairs mortgages are some of the fastest growing loan programs in America. According to an Ellie Mae report, they grew by 370% between the fiscal years of 2007 and 2013.

In 2014, their popularity increased by 13% from 2013. No money down and no private mortgage insurance are two of the most desirable features of Houston, San Francisco, and St. Louis VA loans.

However, these special mortgages are still surrounded by some air of mystery. Despite backing about 20 million loans over the past 70 years, many Americans still don’t fully appreciate the advantages and understand the limitations of VA loans. For starters, debunk these stubborn myths:

Veterans Are Guaranteed to Get Approved

First of all, nobody is ever guaranteed to get approved for any loan. VA mortgages may have lax guidelines compared with conventional loans, but not every borrower would be automatically qualified. Even the most decorated veterans might not make the cut when certain conditions are unmet.

Active Service Members Need to Wait for Retirement to Be Eligible

Wrong. Apart from retired members of the military, VA loans are also for the brave men and women on active duty.

Credit Score Isn’t a Factor

While the U.S. Department of Veterans Affairs sets no minimum credit score requirements, the private lenders that actually provide VA loans do. Nevertheless, these unconventional mortgage providers aren’t looking for perfect score scores. By and large, lenders look for at least a score of 620, which is about 100 points lower than the requirement of most regular mortgages.

VA Loans Are Anti-Bankruptcy

Filing a bankruptcy in the past doesn’t disqualify you for these unconventional loans. Most VA mortgage lenders might only require you to wait two years (instead of three) before applying if you have a foreclosure or Chapter 7 bankruptcy under your name. If you have a Chapter 13 bankruptcy on your record, you may obtain a new VA mortgage after paying your debts on time for 12 months.

Don’t hesitate to ask a reliable VA loan provider about your situation to determine whether you qualify. If you meet the basic requirements set by Veteran Affairs, you might gain access the most attractive mortgages available.


How Can You Stop Drowning in Overwhelming Debt?

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Stressed father looking at financesMany people buckle under the weight of an overwhelming debt, which leads them to lead a miserable life. Filing for a Chapter 7 bankruptcy can offer some relief to let you lead a good life.

It’s building up slowly and steadily and by the time you realize it, you’re now drowning in debt. Excessive consumerism, overbearing medical bills, or just terrible decisions can leave you in a financial pit. Skyrocketing interest rates on a limited income don’t help your cause either. Before you know it, you’re battling bill collectors left and right.

If you find yourself in such a situation, you’re in some deep water. So deep that you need to a life jacket to avoid drowning.

Address the elephant in the room

The first step to resolving such a situation is acknowledging that you have a problem. Playing hide-and-seek with bill collectors only serve to dig you deeper. Fortunately, the federal government offers a way out through Chapter 7 bankruptcy, and it would be wise to take this lifeline.

This provision relieves most unsecured debts, such as personal loans, medical bills, and credit cards. However, you need to prove that it would take more than five years to pay off the debt even after taking the most extreme measure. Therefore, you must pass the bankruptcy means test to become eligible for the debt relief program.

Seek legal counsel

Despite your best efforts, you’re unlikely to get through such a process without a legal counsel. Rather than take a chance and bungle it, it’s best to hire the services of a credible Chapter 7 attorney in Salt Lake City to have a better chance. One misstep can have your application rejected.

If your petition were thrown out, you would have to wait for up to six months before you’re eligible again. Proper legal counsel not only ensures a smooth process, but also helps to resolve matters quickly. Your lawyer will advise you on the best course of action, saving you considerable headaches.

Life situations can lead you to carry too much debt that it overruns your income by a wide margin. Rather than buckle under its weight, you should seek out ways to relieve such debt and avoid ruining your life.

Money Lenders: 3-Point Guide to Choosing the Best

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LoanThere comes a time when you need some cash urgently to pay for a pressing need. You check on your savings, and unfortunately, they can’t cover the whole expense. This is where the right lender comes in to help you meet the deficit or even the entire cost.

But how do you pick the right lender? Below is a guide to help you select the best one.

Interest rates

When it comes to taking a loan, never compromise on the interest rates. It beats logic to get a loan whose interest is so high that it will be a burden to you. Take your time and compare the interest rates offered by different lenders before making your final decision.

The approval processes

Whether you seek a title loan here in Salt Lake City or any other location, try to know the approval and closing process of the prospective lender. Inquire about how long it takes for its approval and the probability of the outcome.

This will help you decide if the lender is right for you, depending on the urgency of the matter at hand.


Do your research and establish whether the lender has the capability to meet your financial need. You can start by looking at how they are trading in terms of their assets as compared to the liabilities. You don’t want to engage a lender who doesn’t have the financial muscle to bear the loan you require.

Choosing the right lender can be a daunting task considering the fact that there is a myriad of them out there. However, with the help of the above guide, getting the right lender for your financial need will be a breeze. Just make sure you think hard before you decide to select one.

Getting a Mortgage: Don’t Sabotage Your Application

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mortgage application being approvedIf you’re getting a mortgage to finance a home purchase, it’s important to be aware of the factors that can affect your application. Apart from prioritizing borrowers who can show their ability to repay, lenders also prefer credit-worthy buyers with good savings and strong employment history.

If you’re serious about getting a home loan, VIP Mortgage and other mortgage lenders in Phoenix share some things that can sabotage your application:

Changing jobs

A good employment history displays your ability to repay the mortgage. Even if you have work, moving from one job to another one indicates instability. Lenders don’t want to see this, as they prefer those that have been with the same employer for at least two years or more. If you suddenly become unemployed or take on a new job, your application might be denied.

Taking on new debt

This includes financing a major purchase like a vehicle or large furniture. It’s also not advisable to use your credit cards excessively, as it can only add to your debt-to-income (DTI) ratio as well as reduce the amount of loan you can qualify for.

Lying or fudging numbers

This can include lying about your employment history, exaggerating your income, or falsifying documents. Never do this, as banks and lenders will check and verify all information and documents you submit. Trying to mislead your lender could only get you in trouble and result in denied application.

Not saving enough

Lenders favor borrowers who have good savings and can pay a hefty down payment. Saving also proves that you can take on financial responsibilities. While there may be mortgage programs that allow little to no down payment, some of them have strict qualifications. You may also have to pay private mortgage insurance (PMI) when making a down payment less than 20% of the home’s purchase price.

These are a few of the things that affect your application negatively. Before applying for a mortgage, do anything you can to be an attractive borrower. You should also get in touch with a reliable lender to know more about the requirements and you loan options that suit you.

Why Retailers Should Offer More Payment Options to Its Customers

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a woman who loves shoppingCredit cards give consumers access to credit facilities to buy the things that they need, for payment later. However, there are some instances when credit card payments are not allowed, or the price of a product exceeds the credit limit of the buyer.

Offering other options to consumers affords retailers the opportunity to make sales on installment. Before a retailer sticks to a particular credit company, it should also consider a multi-lender platform for retail sales financing.

The limit of credit card sales

The first instinct of most buyers is to pay using their credit card. This allows them to pay for their purchases straight to the bank without the need to carry cash.

One problem with this is that not everyone remembers to record his or her purchases, resulting in possible overcharging. Another drawback is the high-interest rates. Additional charges can pile up every time a user fails to pay his or her dues on time.

Other payment options

Each store usually gives different payment options to its customers. These include credit and debit card sales, and various in-house financing or installment options. In most cases, a store would have a single tie-up with a financing company or a bank, or the item itself would have its own financing company to back it up. If there were only a limited number of financing options, the buyer might think that the terms are not affordable.

Presenting affordable options can only be achieved by having more choices for the consumer. This can be in terms of cost of financing or flexibility. With plenty of available financing options in the market, a store should not be limited to only one or two choices. The more options that you give to the customer, the fewer chances he or she will leave the store empty-handed.