If you are thinking of starting your own business or looking to expand an already existing one, then a small business administration loan could be just what you need. Seller’s Points: A lump sum payment made by the seller to the creditor of the buyer, so as to lower the cost of the loan to the buyer. These business administration websites may simply provide you with written data on the basics of management. Those who receive home improvement grants cannot sell their homes for at least three years and if they wish to do so the financial assistance given will be converted into a federal loan.

Secured Credit or Loan: A credit or loan for which a property has been pledged as collateral or security, so that the lender can claim this property in case of a default. Affinity Card: A type of credit card made available by the credit card issuer in association with another non-financial group or organization.

Business Card (Business Credit Card): Business credit cards or simply business cards are a type of credit card that is meant for business purposes. The credit worthiness of a borrower is inconsequential in case of such loans. Financial Aid: Financial aid usually takes the form of scholarships, loans, and grants, that are mainly given for pursuing higher education.

The agency sought to ameliorate the consequences of the Great sought to achieve this through the establishment of a loan program to support businesses adversely effected by the Great Depression. Moreover, business loans can also be taken to salvage or expand an existing business.

Junior business analysts are recruited in large numbers in today’s corporate world to improve the functioning and efficiency of organizations. This article is an attempt to make you familiar with the basic credit terms that are an integral … Read More...

Writing a Business Plan for your next entrepreneurial endeavor is crucial. For this, you will need to use one marketing strategy at a time, until you see the traffic flow. Internet marketing, also known as web marketing, is said to have a wider scope and a greater effect owing to the quality of this medium. A well written plan takes into account the adversity a company will face in its future as well as possible steps that can be taken to overcome those very same dilemma’s.

If you are going to show your business plan to potential lenders and investors, make sure that the figures you use are accurate so your plan is credible. An in-depth marketing strategy should be presented. You need to use online marketing strategies which would be applicable for small businesses and would help promote your website as well.

More important, we don’t know whether you’ll be around long enough to fill all the obligations we expect for the big bucks we’ll be paying you.” At this point, producing a business plan can alleviate fears and reassure your potential client or customer that you are a serious operator and the longevity of the agreement will be of benefit to both parties.

During the initial phase, almost every business venture has to invest a considerable amount of time and money, for marketing of their services. An internal business plan summarises what you and your team are actually going to do to improve your business and achieve your goals.

Confirm the need for your products or services when you research and verify the number of potential customers who have the money and motive to buy from you. The business plan must acknowledge the potential for negative cash-flow and demonstrate how fixed and variable expenses will be met during … Read More...

The U.S. Federal Government is the nation’s largest provider of financial or monetary assistance for small businesses. The lenders can charge a higher interest rate for providing credit or loan to them. The importance of this for the borrower is that because of the assurance the funding bank receives from the Small Business Administration they are able to offer more aggressive loans than would be possible.

The act expands the income-based student loan repayment program. Gross sales do not take into account the discounts offered by the company and neither does it include the expenses incurred in carrying out the business. A fee is also charged by the banks or financial institutions to set up or start your account, which is called “account setup fee’.

Initially the SBA concentrated on providing direct loans to small businesses, guaranteeing bank loans and making loans to victims of natural disasters. At the same time, the workhorse 7(a) loan program, which is usually for loans in the hundreds of thousands of dollars, was likewise increased to 90%.

Banks that are already SBA lenders don’t have to do anything different in the loan process. Devising company policies regarding effective administration after discussing with top management. Management is also known as business administration. Although in its bureaucratic past this wasn’t always the case, today the SBA is a preferred lender when small privately owned businesses decide to either sell their business or want to borrow additional capital to expand their business.

The Small Business Administration guarantees up to $1 million of loan principal. Business loans have been created to help entrepreneurs make their dreams a reality. The 7(a) Loan Program, another SBA program, is the most widely used SBA guaranteed loan program for start-up and existing businesses with an upper limit of $5 million.… Read More...

Applying for and obtaining Social Security Disability Benefits (SSDI) can be a frustrating and confusing process. The alternative method is called the Windfall Elimination Provision (WEP) and was created to close a loophole that enabled worker’s who earned benefits in covered and non-covered employment from being labeled a low-earning worker and receiving a disproportionately large Social Security benefit.

However, sometimes doctors’ notes make reference to secondary medical conditions for which the claimant is not seeking benefits, such as depression, or insomnia, etc., fairly common complaints for those who are under the stress of dealing with chronic pain or fatigue, or for anyone who must consider leaving the workforce for that matter.

If the Administrative Law Judge determines that the addiction(s), in and of itself, or themselves, are not the reason for the disability claimant’s ongoing impairments, and these ongoing impairments are sufficient and severe enough to warrant a finding of disabled, the addiction will not adversely affect the disability claimant’s claim for benefits.

SSI is another federal financial assistance program, established by Title 16 of the Social Security Act, which provides monthly payments to individuals who have either never worked or have insufficient credits on their earnings record to qualify for SSDI.

A smart strategy for widows could be to take survivor benefits and allow their own benefit to grow until age 70 and switch to it. These calculations get very complicated depending on when the spouse died, the age of the widow, and when the deceased spouse began taking benefits.… Read More...

A disability claim refers to the request you can make for income assistance filed with the Social Security Administration. At the time of this writing, only SSDI claims can be filed over SSA’s web site. You will receive Social Security Disability benefits as long as you remain disabled and unable to work. SSI is a benefit that is paid to blind, elderly, or disabled workers who have few other options for income or financial resources.

Your chances of winning your case will increase with legal representation at this stage of the appeal process. Applying for disability benefits may seem like a daunting and confusing task right now, but an attorney will ease your stress and make the process easier for you.

If the DDS finds the claimant disabled, SSA will complete any outstanding non-disability development, compute the benefit amount, and begin paying benefits. A social security card is an important document which serves as a proof of a U.S. citizen’s nationality.

If, however, your application was denied because you failed to provide medical evidence of your impairment, an attorney may accept you as a client. The difference between the divorce rules and the rules for married couples is that the ex spouse does not have to have applied for their benefits for the other person to qualify for divorced spouse benefits.

There are two programs under the Social Security Act providing benefits for persons who are unable to work. The SSA calculates your payment for your full retirement age based on your highest 35 years of paying into the system. By federal law, a social security disability attorney can only charge 25% or less of your back payment.… Read More...

If you are thinking of starting your own business or looking to expand an already existing one, then a small business administration loan could be just what you need. The SBA 504 Loan Program is a loan guarantee made to purchase assets, such as land and equipment. Even though more and more lenders are referring to this enterprise as a preferred property milieu, preparing a solid loan request portfolio can make a big difference in getting approved.

The loan that is taken for the purpose of consolidating all debts, i.e., combining multiple loans into one single loan is called ‘consolidation loan’. Universal Default: It is the practice of increasing the interest rate on the credit provided to a particular customer on receiving the information that he or she has defaulted with other lenders.

Another huge benefit of acquiring an SBA loan is that once you might have your revenue, you may use your cash still you want, in contrast to quite a few conventional small business loans which has limits and regulations on how it is possible to use your income.

Having clout and credit is a big plus; commercial loan rates will likely hinge upon overall credit scores. Gift Cards: A type of payment card preloaded with a set value, which is issued by either a bank or a retailer. Interest Rate Cap: It is the maximum amount that can be charged as interest, and it is generally imposed by the credit card agreement, or the state and federal laws.

Fractured Condo Scenario: Some lenders may be willing to provide loans in case of fractured condos. Request an Investigation: The credit information available on the credit report with the credit bureaus can be inaccurate in some instances, in which case, the concerned individual or business can always request an … Read More...

Disability aid from the Social Security Administration has helped countless people take control of their lives. A disabled claimant will receive the same monthly benefit that he would receive had he retired at full retirement age (65 years old or more depending on age). People who are of age, but have never been able to work and are still dependent on their parents or other caretakers, can sometimes be exempt or partially exempt from these income restrictions.

Disability attorneys are familiar with social security’s complex rules and regulations. In addition, a spouse’s assets and income are “deemed” to the disabled Claimant – this deeming rule wreaks havoc on many disabled persons, particularly the stay-at-home parent.

They are not entitled to increases for benefits taken after normal retirement age. Claimants applying for Social Security disability benefits with hypogammaglobulinemia often suffer for example from bronchitis or asthma. The period between Social Security Disability reviews will depend on your specific medical condition and whether or not improvement is expected.

In 2009, nearly 51 million Americans will receive $650 billion in Social Security Benefits. Your disability may also be causing you stress physically, emotionally, and financially, but an attorney will help you get the benefits you need and improve the quality of your life.

It is important for every U.S. citizen to handle his social security card properly and report to the authorities in case of its loss or theft. The SSA has guidelines as to what constitutes a disability; they are usually medical disabilities that make it a hardship for the worker to withstand working conditions.… Read More...

Social Security, first instituted by the U.S. federal government in 1935 and administered by the Social Security Administration (SSA), has been a mainstay in most Americans’ retirement plans ever since; even though social this is often not sufficient to provide the sum total of an individual’s retirement income needs. According to official figures from the SSA, only about 40 percent of all applications for Social Security Disability Insurance (SSDI) are approved at the state level. All this to say that I need, in deed, all American wage earners need to provide for their own retirement years without dependence upon a government that has ponzi managed our retirement funds and driven the postal service into the ground.

Your attorney should be involved from the moment you apply for benefits. This is the only time in the process where the decision maker gets to see and question the Claimant. Under the age of 19 and be a full-time student enrolled in high school or under, or a over 18 and disabled.

No matter what stage of the claim process you are in, an attorney can help you get the compensation you deserve. For most people, the only experience you will ever have with applying for disability benefits is when you have to do it for yourself. The SSA’s commissioner told Congress in the summer of 2011 that judges awarding disability benefits more than 85 percent of the time cost the agency another $1 billion a year.

You don’t want your valid disability claim to be denied simply because you failed to file your appeal within 60-days. This government department has various schemes to provide housing assistance for low-income families, through the local public housing agencies (PHAs).

To receive benefits under the Social Security Disability program, you must have a physical or mental … Read More...

Small businesses can contribute successfully to the economy of a country. There are 3 ways to use the SBA 7(a) Loan program when looking to finance your first business using a bank loan. While this mindset can be a roadblock to revenue growth opportunities and job creation, individual businesses can still take advantage of using modern technology to market to people outside the realm of their community.

Lenders certified by the SBA are part of the Certified Lender Program (CLP). Bankruptcy laws, bills of exchange, insurance laws, credit card laws are examples of commercial laws. Here are some of the programs offered by the SBA so that the small businesses can start or run their business very well.

SBA loans are term loans from a bank or commercial lending institution of up to 10 years, with the Small Business Administration (SBA) guaranteeing as much as 80 percent of the loan principal. Office of the Comptroller of the Currency (OCC): This is a government agency with the responsibility of controlling all the national banks that issue credit cards.

Basically, it covers non-cash payment options, like credit and debit card, value access services, and billing extensions. Business analysts need excellent communication skills, people management abilities, ability to work in a team and hardworking ability. Since small business owners do not have the financial ability to avail loans with high interest rates, SBA loans provide them credits with lower interest rates than banks and other conventional sources.

However, unlike in SBA loan that were conventional business loan, merchant financing based on credit card receivables is typically very expensive. It is a bank that enters into a formal merchant agreement with a merchant to process bank cards and accept deposits generated by the bank card transactions.… Read More...

The Social Security Administration (SSA) administers two programs that provide benefits based on disability: the Social Security disability insurance program (title II of the Social Security Act (the Act) and the supplemental security income (SSI) program (title XVI of the Act). Because there is no direct involvement of medical professionals in the disability decisions made by administrative law judges in the Office of Hearings and Appeals, administrative law judges sometimes request expert testimony on complex medical issues.

These resources can help you better appreciate the process, especially if you are determined to fight for your benefits alone. NOTE: SSA has begun testing different application processes in different parts of the nation. The Social Security Administration must read each letter forwarded to ensure that it contains nothing that could prove embarrassing to the missing person if read by a third party.

The truly important ramification of the WEP and GPO on Social Security retirement benefits comes into play during divorce proceedings. The Social Security Administration is headquartered in Woodlawn, Maryland, the federal government created the only office that has its headquarters outside Washington, the state capital.

One must also inform the banks, credit card companies and other financial agencies and let them know you are in the process of getting a replacement. Have a look at the eligibility criteria for social security benefits for widows. Social Security Numbers are usually not visible on Death Master File record indices if the person for which the SSN is concerned has died in the last decade.

The alternative method is called the Windfall Elimination Provision (WEP) and was created to close a loophole that enabled worker’s who earned benefits in covered and non-covered employment from being labeled a low-earning worker and receiving a disproportionately large Social Security benefit.… Read More...