Posts Tagged ‘Credit’
Loans from the Small Business Administration (SBA) made by banks to small businesses owned by Hispanics in California dropped 84 percent from 2007 to 2009, the highest percentage decline in minority business loans reported Monday.
According to the California Reinvestment Coalition, a nonprofit advocating for minorities equal access to the bank, “small businesses” that make the work more than any other segment of the economy have no access to credit, what they cut staff and many have had to close. “
Coalition explained that the amount of loans to small businesses in California declined by 1.5 million between 2007 and 2009, which means a reduction of 21.000 million dollars.
Five of the largest banks in the Hispanic market, Bank of America, Wells Fargo, U. S. Bank, Union Bank and Citibank-trimmed SBA loans to Hispanic businesses by 89 percent.
As a result of the economic crisis and lack of credit support, in Los Angeles was closed on 25 percent of businesses in 2009 compared with 2007, which means the city which has lost more than 150,000 jobs.
The report “Small Business Access to Credit: The Little Engine That Could” noting that in addition to Los Angeles in five counties-Alameda, Fresno, Sacramento, San Diego and Santa Clara-loans to small businesses located in low-income people has been reduced from 70 to 79 percent.
There is a concept that is very clear in the minds of Hispanic entrepreneurs and thought that if you have a business idea should look for funds after the bank and the bank refused your loan or credit, running ideas and business.
While it is true that interest rates, we want the bank to fund our projects or the expansion of our business, it is also true that it is the only method of financing and resurrection, as the bank is a form of financing that most, but not unique.
Some time ago I wrote the article with the means to finance our business and mistakes to be avoided. In this article we talk about finding the supplier of our own investment and foreign investors, who aconsejábamos recent study very carefully, which can be a serious problem.
Well, in the months has changed the situation in Spain, increase private funding from individual investors and investment clubs, which looks cool project because of stock volatility.
Take the case of New Rumbas, where we see the external private equity funds attract even those who are not investors, we Twenty example, where the operator has undertaken the project with more than 35 private investors.
Financing Options outstanding variety, but all have one thing in common is seeking refund your money invested, so they look for projects that are feasible and good business plans by entrepreneurs, which in my opinion failed.
A few months ago from negocios1000, start a business ideas competition; provide space for carrying long-term projects, which will be handled by an investment club. I must say that the investment club will think twice before promoting something else.
Today I received many calls wondering what happened in Europe, what is falling or the Irish problem. I am not a teacher, economist or less, I talk strategically someone trained to understand what could happen if we look very closely at the specific situations that may affect my goals. Today, control strategies must keep alert in many countries and that my interrogators entrepreneurs who want to know what the target was raised to 2011, which guarantees that the money would go or should small and medium enterprises from banks or credit.
Looking at the proposed solution to the Irish banks to make me believe that the press will focus on more guarantees, more security and collection rate increases for the public interest that can take its toll on low profitability can be expected.
“Any help in trouble in the Irish banking system would be very acceptable,” said Irish Finance Minister Brian Lenihan.
Also does the company welcome the plan assistance to cope with declining sales? Affected if my business plan, only if, the estimated sales drop as a percentage and can not cover our payment is contingent.
Farm Credit Bank of Carthage (Bancrédito), which is the tax collector, will implement a web page where you can make payment of departure tax anywhere in the world through credit card or debit card.
With this electronic system that would open in December, you may pay taxes just enter your passport number; payment information will be stored in a database that can be verified directly when doing the check with the airline through an electronic reader.
The tax also may do so on behalf of clients who so wish to travel agencies, airlines, tour operators, banks and hotels that are affiliated with Bancrédito to raise funds.
In addition there will be companies that are authorized to collect the tax in different parts of the country. So if you prefer to cancel at a tourist site that hosts Internet and not have the option to do so.
So as to reduce the ranks of this, as well delete the process of filling the ballot now delivering information when paying the $ 26 tax.
Bancrédito’s website and can be accessed but only for informational purposes, starting in December will be in operation to cancel the tax.
Furthermore the website “Departure Tax Collection of Costa Rica” will be available in six languages and can print a receipt of payment made, however, this will not be a requirement to require users to travel.
Credit has developed a Computer GraphicsThe first credit card was introduced to the market in 1946 by a banker from Brooklyn named John Baggins in the city of New York. Today 177 million Americans have at least one, but most have two or three. The numbers behind the credit cards are amazing.
Credit Card Processing has developed a computer graphics for The Pajama Pundit on the numbers behind the credit cards in the U.S. market where we can see some interesting facts that we say, for example, that the industry of credit cards is one of the most productive by providing an annual turnover of 30 billion dollars (21 billion euros) or one of every ten Americans has 10 credit cards. It is noteworthy that in the nineties the average penalty fee was $ 10 (7 euros), today is 39 (27 euros).