Month: October 2017

Revealed: 3 Best Banks For Small Business Loans

If the entrepreneur bug has stricken you and you are keen on starting your own line of business, you must first look at the available financing options. A recent survey revealed dismal statistics that show how banks rejected loan applications of small business owners. click here if you want to avail a loan for your business or you can first compare the various rates and calculate mortgage on www.bankrate.com

Types Of Loans
Most of the financial institutions offer term loans, a business line of credit, and equipment financing.

Term Loan- As the name suggests, you have to repay the loan within a given term or time period, often called the repayment period. A term loan that is offered by a bank has a fixed repayment schedule and a fixed or floating rate of interest.

Line Of Credit (LOC)- This is a kind of loan that the lending bank offers the customer. The borrower can avail the funds from the prescribed LOC any time, as long as it does not exceed the limit.

Equipment Financing- If you want to buy new equipment or machinery for your business, an equipment loan should come handy.

Now, let us take a look at the best banks suitable for small business loans.

Wells Fargo
This bank has rightly earned the moniker, ” America’s leading small business lender.” They have lent approximately $35 billion to companies that had an initial investment of $20 million or less. Wells Fargo offers Unsecured Business Loans for their customers.

Best choice:
With this unsecured loan, you can avail funds ranging from $10,000 to $100,000 and more. The repayment period varies from one to 5 years, and rate of interest varies from 6.50 percent to 22.99 percent, based on the borrower’s eligibility.

Bank of America
Up next is BOA that has lent $33 billion capital to small business owners. Interested individuals can choose their unsecured loan that provides credits ranging from $10,000 to $100,000 with zero collateral as security. Their rate of interests vary considerably and depends on factors like the customer’s relationship with the bank.

Say, for example, you have an account with them. You have a reputation of managing your finances wisely, and you have a good credit score. Keeping these factors in mind, you stand a good chance to benefit from low-interest rates.

JPMorgan Chase
With a total of $2.4 trillion in the form of assets, JPMorgan comes in third by lending $19.1 billion to customers during the first quarter of 2015. They have partnered with OnDeck capital, and in this program, the loans are made available from Chase’s assets while OnDeck Capital simplifies the process of obtaining a loan with their underwriting technology.

More than 4 million small business owners have their names in the database, which is later pre-screened to be eligible for the Quick Capital loan. The lucky one can apply for the $250,000 loan option.

One of the advantages of obtaining a loan from Chase is the transparency factor and quick responses. You get loans at a much lower rate when compared to other big names.

7 Qualities To Look For In A Gun Safe

Gun safe

If you are in possession of personal handguns, important documents, and valuables, you should buy safety vaults that are available at Gun Forest. Explore topics in www.shootingillustrated.com to simplify your task of finding the right gun safe. Meanwhile, you can take a look at these pointers for additional input.

Contents You Wish To Store
Make a list of all the things that you wish to store inside the gun safe. If you have a handgun, include accessories like rings and pods that you wish to store in the vault. If you own important documents and valuables, store them in a separate fire safe inside the vault.

Frequency Of Use
If you plan to store your rifles, browse through the different varieties of a gun safe and choose the one that suits your needs. Do you plan to open the safe once in every two months or will you use it on a regular basis? When you find answers to these questions, you will find plenty of choices for gun safes.

Size Of The Interiors
Notice any gun safe advertisement and you will come across bragging features like the total number of guns that can be squeezed inside. For instance, a 10 gun safe will snugly fit 10lever-action carbines with steel mountings. If there are guns with wide fore-ends and elongated barrels, you might as well buy a gun safe with no compartments and fit racks yourself.

Let’s assume that you are successful in storing all your guns to maximum capacity inside the safe. If you require a pistol for your next hunting expedition, you have to go through the arduous ritual of taking out all the other guns and rearranging them back. This is a very tedious and annoying task if you are in a hurry to leave home.

What is the solution for this? Remember, as a thumb rule, your gun safe should have space to store double the number of guns in possession. If you own 10 guns, ask the dealer for a 24 gun safe, so you have plenty of space inside.

Dimensions
If you are allocating a place in your home for placing the gun safe, do not mess up with the measurements. To avoid disappointments, you can first buy the gun safe and designate a place later.

Storage capacity
When you read the brochures, the measurements stated are for the external area. They are of no use when you install them as you have to look into the storage capacity of the gun storing device. The interior walls must be fire-proof and must accommodate long guns easily.

Honey, I Shrunk The Device
This is exactly what your spouse will tell when you find out that your rifles don’t fit inside. What are the likely things that you will store inside? Hunting knives, shooting glasses, flashlights, your wife’s valuables, and other items that are of value to you. See if the large safe fits your home and your budget. It is a wise idea to invest in a large safe if you are buying for the first time. It will save you money and resources in the future.

Ratings
A minimum rating of UL 1037 RSC or Residential Security Container is recommended for use. If you compromise on this value, it is similar to buying a locker or toolbox to store your valuables.