POST CATEGORY : Finance

FHA Loans for Small Business Owners

When you own a small business, the phrase “home sweet home” can also mean “business sweet business” as everything overlaps. If you have a home-based business or have money tied up in developing your startup, it can be challenging to get a mortgage.

FHA loans for small business

For small business owners, a Federal Housing Administration (FHA) loan is an alternative option to conventional mortgage plans. Those who don’t qualify for a mortgage may qualify for an fha loan. Here’s what you need to know about this option to determine if it’s the path for you as a small business owner.

What is an FHA Loan?

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Top 5 Payment Methods One Can Use For Buying Traffic

Traffic providing to the website has become a serious business. A mix of paid and organic traffic is required for promoting the website to achieve the desired results. Page views buying is a common phenomenon followed by the content driven web properties to attract the customers in large numbers. Too many people looking at the same poster is one of the drivers that encourage any random passer-by to stop and take a look at the poster, the same principle is applied to make any concept a success in the online world too.

Buying traffic

Traffic buying, therefore, is a marketing approach that helps businesses make impression (a positive one, obviously!)…

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3 Methods Small Businesses are Using to Save Money

Bootstrapping a small business is difficult. Every penny that comes in and goes out needs to be properly managed to ensure your business stays afloat. The same money-saving savviness that business owners exhibit when they’re just opening their business seems to slowly fade over time.

save business money

Every industry has their own tips to save money, but there are options for every business owner to reduce their expenditures.

Sometimes, a few hundred dollars in savings is the difference between keeping the lights on and liquidating.

So, what methods are small businesses using to save money in 2018?

1. Co-working Spaces or Part-time Office Space

Startups are savvy because they have no problems with being mobile.…

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Debt Settlement Dos & Don’ts

Are you barely staying above water making the minimum payments each month? This might seem like the only viable strategy available but in reality, you’re only spending more money in interest each month. Financial freedom is nowhere near. What are you to do? Sell all your things? Set a strict budget? Move in with family?

Debt settlement

All these measures are good ideas if your debt has gotten out of control, but depending on the amount you owe, they might not be enough to save you. While debt settlement certainly isn’t the wisest option for all debtors, it can be an effective last resort in dire situations.…

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3 Ways Office Employees Can Get Better Insurance

Does your current employee benefits and life insurance package make you feel more appreciated for the work you do? While the Department of Labour’s Office of Workers’ Compensation Programs (OWCP) offers various compensation programs (that provide wage replacement benefits, medical treatment, and other benefits) your employer’s health insurance programs may not fully take care of you or your family.

Employee insurance

Administering insurances for HSAs, COBRA, or CDH accounts can be a headache and logistics nightmare. Especially if you’re an employee who doesn’t know what you rightfully deserve in terms of benefits and health plans.

1. Employee Wellness Programs

Wellness Programs are expected to have a huge “breakthrough” in 2018.…

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4 Tactics For Winning Asset-based Business Loans

Whether you’re a start-up, limited liability corporation (LLC) or a sole proprietorship, an asset-based loan is key for expanding your company. These forms of loans are based on assets (such as inventory) that is used as collateral. You are essentially promising the bank/lender that your revenue will match (or surpass) their initial loan payment.

Asset-based business loans

If you have a few minutes, I’d like to share some insights for making sure lenders look favourably on you.

1. Stand Strong

Business partners, colleagues and even your friends may try to deter you from taking out an asset-based loan. Citing risks such as default payment, using the process as scare tactics or even losing your business.…

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ROI Revisions: A Guide to Keeping Your Startup Out of the Red

You know what they say…starting up a business can be a risky thing. Statistics show that that 50-70% of most startups do not make it past their first 18 months in business, and trying to ensure that your startup doesn’t fall into that boat can be a stressful, daunting task.

Startup business owners analyzing business finances

Luckily, we are here to guide you on ways in which you can avoid becoming a statistic, and instead, have a startup that thrives not just financially, but on all levels. To find out more, keep on reading our guide to keeping your startup out of the red.

1. Do Your Homework

Like everything else in life, you need to start off doing your homework.…

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Why Healthy Relationships are Financially Sound

There’s a time in every couple’s life when things move from dating to planning marriage, kids and an entire life together. Besides love and happily ever after, this step forward involves a wide series of changes in a couple’s life.

Money heart

Moving together means sharing not only the house but also the current expenses. Who’s paying for what could soon become a problem in a couple’s dynamic. Because talking about money is less fun than planning the next night out. So, before saying ‘I Do’, partners should take some time to discuss finance.

Knowing what to expect from your partner in terms of financial stability is essential when planning to build a family.…

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Top 5 Mobile Payment Trends that will Disrupt 2018

Everyone and (literally) their grandparents are using mobile phones and devices to make payments on the fly. From using mobile wallets to buy products without a visit to the cashier — to banks making online bill payments more secure — there’s no end to the impact mobile will disrupt the way we make purchases in 2018 and beyond.

Making contactless mobile payment

The commonly-held drawbacks of the past have been usurped largely by the technology of the present and the promise of what it can offer in the future. The fact is, mobile payments using physical EMV, and online payment technology are as secure as any method used in the past.…

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