The SBA or Small Business Administration loan is a significant source of financing for small businesses. Typically, SBA loans are used to finance plant construction or expansion, to purchase equipment, and to provide working capital. Under the SBA Guaranty Loan Program, loans to entrepreneurs from private lenders, usually banks, are guaranteed for 80% of loans up to $100,000 and 75% for loans over $100,000. Working capital loans generally have...more
As the credit crunch has drastically effected the domestic removal industry, more and more local removal companies have branched out into the European removals market to keep their vehicles moving. Whilst they may be experts in moving you locally; do they have the required knowledge to comply with French road transport laws? As the French police are notorious for imposing hefty on-the-spot fines: any failure to pay promptly by the removal company...more
The first quarter of 2009 saw difficult trading conditions for many businesses across the UK. The official Insolvency Service figures showed that in the first quarter of 2009, the number of companies being put into liquidation in England and Wales increased by over 50% compared to the same quarter in 2008. Many analysts are predicting that the economy is not likely to improve until the end of the year. Given that the pressure on business seems likely to continue for the foreseeable future, it is vital that directors and business owners make sure that they are vigilant about the trading status of their companies. One of the duties of directors is to ensure that the company that they are running does not trade if it is insolvent. If directors allow their company to trade while knowing that it is insolvent, they may be held liable for the businesss debts which are generated from that time onward. If you are busy with the day to day running of a business, it is all too easy to overlook the signs which would indicate that the company is at risk of trading while insolvent. However, this situation can be avoided if you ensure that you have good and regular information about specific...more
According to the latest Insolvency Service figures for England and Wales published on 1st May 09, nearly 5000 companies went into liquidation in the first quarter of 2009. This figure is over 50% higher than the same quarter of 2008. Clearly the global recession together with the lack of available credit due to the credit crunch, is having a...more
Company Voluntary Arrangements were introduced into the law in 1986. A Company Voluntary Arrangement allows a limited company to settle its debts with creditors over a fixed period of time, normally 3-5 years. Once the arrangement is completed, the creditors agree to write off any outstanding debt leaving the company to continue to trade debt free....more
If you do not want to continue running your business or you think it is in difficulty and cannot continue to trade, then you need to get good information about your possible options. One area which you will need to consider is company liquidation. The purpose of this article is to explain in simple language what company liquidation is and when its use might be appropriate.Liquidation is simply the term used to describe the process of closing a company down. The company's trading is stopped and its assets are sold and turned into cash or "liquidated". There are different types of liquidation depending on whether the company to be closed is solvent or insolvent. There are two simple tests to see whether a business is solvent. The cash flow test and the balance sheet test. The cash flow test asks whether the company is able to pay its creditors as and when the debts fall due. If the answer is no, the company is insolvent. The balance sheet test asks if there are more assets than money owed to creditors. If the answer is no, then the business is insolvent. If the company to be closed is solvent the liquidation procedure to be used is called Members Voluntary Liquidation or MVL for...more
As the recession continues to bite, more and more businesses are finding it difficult to continue trading. However, very often these difficulties are not because customers have stopped buying completely. Rather, they are buying in reduced volumes and...more
To manage an effective risk management solution requires more than the calculation of VaR. Ultimately a successful risk management program requires the execution of an effective hedge. Technical analysis is a vital element of this strategy.Recent...more
When considering a Forex trading system, the first and foremost thing to consider is proof of its profitability. Who would want to waste their time and money learning and implementing a strategy that only incurs losses? Trend Forex has been...more
Health leads generally relate to finding people who are interested in health insurance. Many people are searching for health insurance coverage, but are totally confused and overwhelmed by the choices and options. The best health leads generation...more
Getting mortgage leads is easy - converting them is the hard part. But it does not have to be that hard as long as you follow a plan of attack.The Internet provides a cheap and easy way to generate mortgage leads. You can either buy leads, or...more
It used to be very time consuming to generate sales leads for a business. But besides the time involved, the expense was even more concerning and could really limit the number of leads that you could generate. These days you can use the Internet to...more