When you get home after a tired day at work, you would want to put your feet up and sleep soundly. But, a cramped bedroom can dampen your spirits. If you face a similar situation, then you must first change your bedroom furniture. Modern platform beds are a fabulous option to make a bedroom feel more spacious. They come with slots to support your mattress and hence eliminate the need for a box spring.
Modern platform beds will also meet your storage needs to offer a clutter free look. These contemporary pieces of furniture feature elegant bed frames, comfortable headboards, clean lines, and simple construction. Modern platform beds are available in a wide variety of designs, styles, sizes, and colors to suit your needs.
Maximize Your Bedroom Space with the Queen Wood Platform Bed
PA Home Equity Loan Info & Facts
In the current struggling economy there are numerous reasons one many be in the necessity of some extra money. From money to pay of credit card debt or student loans, to putting an addition on your home or redesigning your kitchen, the reasons tend to be endless. But the question becomes, exactly what is the best way to acquire the money that you need without high interest rates that will leave you in debt for years to come?
If you own a home, the best route to take when in need of extra finances may be a PA home equity loan. A PA home equity loan is a loan granted through a bank using the equity in your home as collateral. These loans often have the best interest rates and will offer you a choice of different lengths of time in which to pay off the financial debt with low monthly payments.
There’s two types of PA home equity loans. The first is an amortizing home equity loan which allows you to borrow one lump sum payment of money all at once. The terms of amortizing financial loans may vary anywhere from two to fifteen years depending on your loan contract. Monthly payments for these loans consist of both a principal amount and interest. In many cases, the interest paid on these loans is tax deductible, making them one of the top loan options.
The second type of PA home equity loan is called a home equity line of credit. These loans are perfect if you know you will be in need of additional funds, but are not exactly sure of just how much. With a home equity line of credit the lending bank provides you with a checkbook for the loan account. You can then decide how much, or exactly how little, you need within a specified amount of time (normally five years). In that five year span, your only payment is the interest calculated from the money you withdrew in prior several weeks. When the term of the line of credit has ended, you then are required to repay the amount that was actually withdrawn through the account within ten years. The interest rates on home equity lines of credit do vary, and can change monthly depending on the current going rate.
reCareered: Who’s Firing? Layoffs week ended 10-16-09
Who’s Firing is a weekly survey of organizations announcing (or rumoring) layoffs. Not only is this valuable for job seekers, but for business analysts, corporate strategists, marketers, salespeople, investment analysts, financial advisers, and others who are interested in companies that are contracting.
Inclusion on this listing doesn’t mean the entire industry is down, as many from the same sector appeared on the “Who’s Hiring” article published 10/12/09. It is interesting to note that while Federal hiring is on the rise, a number of State and Local governments face continued cutbacks. Also, Verizon has led the top hiring lists, but is also announcing a number of layoffs. Boeing made the layoff list, while competing aerospace manufacturers top the Who’s Hiring lists.
Job seekers: You might want to look in greener pastures than these companies.
Layoffs announced and rumored this week were in the Government, Manufacturing, Automotive, Technology, Publishing and Energy sectors.
Organizations announcing or rumored layoffs week ended 10/16/09:
AM General (250)
State of Massachusetts (up to 2K)
State of Iowa (1000)
Standish Max Prison (Michigan) (100)
Smiths Medical PM Inc. (100)
The Amherst H. Wilder Foundation (260)
Boeing Corp. (200-300)
City of Spokane, WA (200)
SunTrust Bank (YTD 100)
Wilsonart International (120)
Moog Aircraft Group (220)
Onondaga County, NY (133)
State of New Hampshire (300)
Country Financial (400)
Kohl’s Corporation (250)
Team Broadcast Services (96)
HNI Corporation (150)
State of Vermont (160 total jobs lost)
Verizon Communications (200)
City of Moraine, OH (187)
Solvay Pharmaceuticals (450)
Steifel Laboratories (200)
Pilgrim’s Pride (GA) (100)
Hamilton County Public Library (250)
Oral Roberts University (124)
NYC Dept. of Education (714)
Albany County, NY (109)
Bestop (140)
Flour Energy Corp. (500)
Valero Energy Corp. (250)
Boeing Corp. (130)
D&E Communications (280-290)
United States Postal Service (650)
Lafayette Caterpillar (106)
American Cancer Society (140)
Canron Western Constructors Inc. (106)
Fluor Corporation (100-150)
Redcats USA (490)
Blue Cross Blue Shield of Florida (150)
Various Reasons Why You May Get Rejected For An SBA Loan
There are series on different types of loans:
1. Small Business Loans
2. Merchant Cash Loans
3. Unsecured Business Loans
4. SBA Loans
Reasons why you are rejected
How many of us think we know how banks work, and then we don’t get the interest rate we thought we were going to get on the loan we applied for or we don’t get the amount we were looking for. This article is gong to go into why you would get disapproved or approved for a commercial loan.
Our friends at http://capitallynk.blogspot.com came up with the following reasons. You probably could change some of this to apply to other types of loans you have applied for or are going to apply for, word to the wise learn from them:
“REASON # 1 FOR COMMERCIAL LOAN REJECTIONS
A bank’s loan officer or loan underwriter is not satisfied that the business plan provided by the commercial borrower supports the requested loan.
STRATEGY # 1 FOR CONVERTING THE DECLINED COMMERCIAL LOAN INTO AN APPROVED COMMERCIAL LOAN
Most commercial borrowers will benefit directly from dealing with a commercial lender that does not require a business plan due to the following major benefits:
(1) Reduce commercial loan costs by thousands of dollars. A common range for an average business plan (prepared to typical bank specifications) is $5,000 to $10,000.
(2) Reduce commercial loan closing time by several months. Business plans can be prepared before or after applying for a commercial loan, but either way the net extra time required will probably be 1-2 months or more.
(3) If the lender does not require a business plan, there is one less item standing between the commercial borrower and their approved loan.
Financing your Medical Supply or DME Company with Medical Factoring
Medical supply companies in general are very profitable enterprises. However, most medical supply companies operate on a very tight cash flow. Unfortunately, the challenging billing procedures and slow payment cycles of insurance companies, HMOs and Medicare/Medicaid create a situation where many companies wait 30 to 60 days before getting paid.
Cash flow can get even tighter if the company’s sales grow, or if the owners decide to open new locations. When this happens, most company owners try to obtain bank financing through a loan or line of credit. However, qualifying for bank financing is incredibly challenging as they will only lend money to a business that shows profits for three straight years and can provide audited financials.
The Good, the Bad, the Risky: Loans From Private Lenders
When someone thinks of loans from private lenders, many think of the classic Las Vegas mobster with all the loot, power, and prestige that came with it. They would offer you a deal; they would loan you the money you needed, but there would be interest- sometimes that interest was paid in blood or missing limbs.
Sure, that way of life was real, and in some places that kind of backdoor private loan is still running rampant, but the legal and legitimate private lenders are out there waiting for people in need to step up and take them up on their offer.
As with any financial commitment, loans from private investors come with two faces- the good and the ugly.
Loans from private lenders provide capital for the needs of a struggling business, an income boost for a family too close to bankruptcy, and the financial foundation a fledgling entrepreneur needs to get their business off the ground. These loans can be a godsend to those in need, but there are caveats to borrowing from unsecured loan providers- this is the ugly face.
Unemployed Mortgage Assistance – Home Affordable Unemployment Program (UP)
How The Home Affordable Unemployment Program (UP) Can Help You In Avoiding Foreclosure.
With the unemployment rate at its highest in history and getting worse, more Americans are seeking ways to keep their homes safe from foreclosure. Fortunately, the federal government has just announced a new program that will help unemployed Americans with their mortgage payments, making it easier for them to stay homeowners and live the American Dream.
The Home Affordable Unemployment Program (UP) is part of the Making Home Affordable Program, which is an attempt by the Obama administration to help unemployed homeowners refinance their homes cheaply or simply keep their homes from being foreclosed on.
Unemployed Mortgage Assistance
The UP program is one of the more popular mortgage assistance programs because it is available to those people who are currently unemployed and are paying a mortgage that is owned or backed by Fannie Mae or Freddie Mac, the two federal governement loan guarantors that hold the majority of mortgages in America.
The help is free and if you are eligible you can qualify for a loan modification to make your monthly mortgage payment more affordable or even completely eliminated for a temporary period of time.
In order to qualify for the UP program, the home must be your primary residence and the amount you owe on your first mortgage must be less than $727,750. Also, yourmonthly mortgage payment must be less than 31% of your gross monthly income under this program.
For more information about guidelines, see the Making Home Affordable website (http://makinghomeaffordable.gov/index.html) which answers questions relating to eligibility, as well as, the different types of programs that are available to keep you in your home.
1031 Exchange – How You Can Indefinitely Defer Income Taxes
1031 Exchanges are excellent tools to reduce income taxes. Known both as “tax free exchanges” and “1031 exchanges” (based upon the enabling section of the federal income tax code) this tool allows investors to sell real estate without paying income taxes (at the time of sale). Real estate owners or investors expecting to acquire property subsequent to the sale of existing property can indefinitely defer income taxes by utilizing a 1031 exchange. 1031 exchanges have been available for over 20 year. Their popularity seems to have increased sharply over the last 7-10 years as their benefits have become known. In a typical property sale, an owner has to pay taxes on any gain. In some cases, a 1031 exchange does not make sense or is not practical. If an investor is trying to reduce his real estate asset allocation, or if a limited partnership has 20 investors with diverse interests, a 1031 exchange would not make sense. In a properly executed Section 1031 exchange, the realized tax is deferred. These transactions are sanctioned under Section 1031 of the Internal Revenue Code and are often referred to as “1031 exchanges,” “like-kind exchanges” or “tax-deferred exchanges.” What is a 1031 Exchange?A 1031 exchange provides the investor the opportunity to defer 100 percent of realized capital gains. This equates to an interest-free, no-term loan on taxes due until the property is cashed-out. Most often, the capital gain taxes are deferred indefinitely because investors continue to exchange from one property to the next, and increasing the value of their real estate investments with each exchange. By not utilizing a 1031 exchange, property owners or investors would necessitate the payment of capital gain taxes in amounts, which can exceed 20 percent to 30 percent, depending on the appropriate combined federal and state tax rates. In other words, when purchasing replacement property without the benefit of a 1031 exchange in business real estate, your buying power is dramatically reduced and represents only 70 percent to 80 percent of what it did previously. What Qualifies for a 1031 Exchange?Properties that qualify for a 1031 exchange include any real estate used for business, trade or investment. Examples of 1031 exchange properties include apartments, office buildings, multiplexes, single-family or condo rentals, raw land, farms, ranches, and commercial and industrial properties. Also, you are not limited to exchanging for property similar or exactly like your existing property. Examples of qualified 1031 like-kind properties and like-kind exchanges: