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britishbusinessonline · 20 days

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Business Loans UK How Do Business Loans Work? (UK 2024)

Presuming you are new to business loans, let’s explain briefly how UK business loans work, now this will be very quick and easy to understand, so make sure you read all the way to the end so you don’t miss any important details. So to start with, what is a business loan? It’s a sum of money that a business borrows from a lender such as a bank or a building society, and this helps it start to…

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baseyellowcreditadvisors · 1 year

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#best small business loans #loans for small business

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vikeshsp · 2 years

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What Documents Do I Need to Gather Before I Apply for a Business Loan?

TVS Credit offers loans for startup businesses, working capital loans, and balance transfer loans at easy EMIs. Apply now for a business loan at TVS Credit.

#business loans #loans for small business #tvs credit

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brimarc-noel-llc · 2 months

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As a Black Woman in Business, the journey is a blend of resilience and determination. Overcoming hurdles to create space and inspire others.

We navigate diverse landscapes and shatter stereotypes. Embracing our roots as we shape a future where our voices are not just heard, but celebrated.

To the Black Women Entrepreneurs out there, know that your courage and vision are catalysts for change. United, we redefine possibilities and rewrite narratives.

Reach out to us at (800) 452-8485 for some guidance and support.

#business owners #entrepreneur #business loans #small business loans #business funding #small business owner #business #funding #loans #business consulting #black women in business #business consultant #stronger together #empowerment #black business owners

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mar-jef-sblcs · 5 months

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I have a genuine lender from London, U.K who offer financial instrument lease and sale at a reasonable price with affordable procedure and condition. Our bank instrument lender offer Fresh Cut and Seasoned bank instrument such BG, SBLC, MTN and Confirmable Bank Draft (CBD), which can be engage into PPP Trading, Outright Discounting, signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects.

With our bank instrument you can establish a line of credit with your bank or secure loan for your projects in which our bank instrument will serve as collateral in your bank to fund your project.

We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable. Below procedure is for BG/SBLC and MTN lease, other bank instrument procedure will be provided on request.

DESCRIPTION OF INSTRUMENT:

1. Instrument: Bank Guarantee {BG/SBLC}

2. Total Face Value: Eur 10M{Minimum} to Eur 10B{Maximum}

3. Issuing Bank: HSBC Bank Plc and Barclays Bank Plc {London, U.K}

4. Age: One Year and One Month

5. Leasing Price: 6%+2% =8%

6. Delivery: MT-760 {Bank-To-Bank Swift}

7. Payment: MT103/23

8. Hard Copy: Bonded Courier Service {within three banking days}

Thank you

Marty Jeffrey.

email:[email protected]

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dontmeantobepoliticalbut · 1 year

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The Biden administration announced a series of measures Thursday to track down and punish fraudsters who scammed billions of taxpayer dollars that were supposed to provide relief to Americans during the COVID-19 pandemic.

Biden is pledging $1.6 billion to bolster law enforcement manpower and new programs that will be used to prosecute scammers, prevent fraud, and provide assistance to victims of identity theft.

“We want to not only capture them and get their funds, we want to send a signal to them that you can run, but you cannot hide,” said Gene Sperling, a Biden senior adviser who is overseeing the implementation of the COVID-relief plan.

THE LATEST

• The administration’s plans call for creating 10 Department of Justice “strike forces” that will include U.S. attorneys and other law enforcement officials to investigate COVID-relief fraud and help recover stolen tax dollars. The teams will target criminal syndicates and other major fraudsters. Three strike forces already are in place and have recovered millions of dollars in stolen relief funds, officials said.

• The administration also will propose increasing the statute of limitations to 10 years for fraud involving the pandemic Unemployment Insurance program, which has been hit especially hard by scammers.

• Some $300 million will be distributed to inspectors general at the Small Business Administration, the Department of Labor and the staff of the Pandemic Response Accountability Committee, a government watchdog over pandemic spending. The money would be used to hire investigators and make sure they have the resources needed to pursue specialized cases of pandemic fraud.

• In his proposed budget to be released next week, Biden will offer a package of legislative reforms to prevent, detect and recover payments made improperly through the Unemployment Insurance program.

• Federal grants would be made to states to help modernize their information technology systems to enable them to respond more quickly to fraud, decrease erroneous payments and provide more efficient claims processing.

• New initiatives also would be put in place to identify victims of identity theft, including an early warning system to stop potentially fraudulent transactions before they occur and a one-stop shop to report identity crimes.

WHY IT MATTERS

The federal government distributed more than $5 trillion in pandemic relief under programs approved by Biden and former President Donald Trump. The money was distributed quickly, leading to an increase in fraud and other improper payments, such as those that shouldn’t have been made or were made in the wrong amount.

The Government Accountability Office reported last month that the extent of fraud in COVID-relief programs is not yet known but that the Unemployment Insurance program alone was believed to have made more than $60 billion in fraudulent payments.

From March 2020 to last January, at least 1,044 people pleaded guilty or were convicted of defrauding COVID relief programs, the GAO report said. Federal charges were pending against another 609 individuals or entities for attempting to defraud COVID-relief programs.

Also, the federal government gave $5.4 billion in COVID aid to small businesses with “questionable” Social Security numbers, the Pandemic Response Accountability Committee reported in January. The watchdog identified nearly 70,000 questionable Social Security numbers used to obtain pandemic aid from two programs run by the Small Business Administration.

WHAT'S NEXT?

The Republican-led House Oversight and Accountability Committee has opened an investigation into fraud in COVID-relief programs. The committee held its first hearing on the subject last month.

Sperling, however, said the administration’s anti-fraud package isn’t a direct response to the GOP investigations. Most of the proposals were being prepared before last November’s election, he said.

#us politics #news #usa today #2023 #president joe biden #biden administration #ppp loans #stimulus checks #pandemic response #covid relief #fraud #Gene Sperling #identity theft #Department of Justice #Unemployment Insurance #Small Business Administration #Department of Labor #Pandemic Response Accountability Committee #Government Accountability Office

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guinevereslancelot · 5 months

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people trying to help me in too pushy of a way <3 how do i say thanks so much but leave me alone <3

#i literally dont WANT you to cc the ceo of a center for helping small businesses in an email to me im not in business yet 🙃#she literally immediately scheduled a zoom call for tomorrow morning to talk abt applying for a program im not ready for!!#i dont want to apply for a loan im not ready for all that!!!#i literally wont be opening for almost a decade im just planting trees every spring i dont need to do anything else #in ten years i might want to buy some used equipment #aaaaaaaa #this lady i know has been telling me abt this organization for months which is very nice and encouraging me to reach out to them #but i have literally no need or reason to do that yet #and wont for a few years probably #but she got inpatient ig and just reached out for me and now things are happeninggg #i literally have no pitch for my business it barely exists <3 #i registered to claim the name so technically it exists and i planted a crop this spring that wont be ready for 8 years but thats it lol #we dont exist exist #anyway this lady means so very well and wants to help but im so stressed abt this i wasnt ready to deal with this lol #anyway its an organization that helps women and minority businesses or somethingggg idk anything abt it 😭#and im pretty sure the program she's signing me up for will cost money that i dont have 😣#i literally dont need to do a small business workshop at this point im just starting out and wont be open for years #ughhhhh #now i have a business zoom call first thing in the morning like an actual professional adult 😐#this has been a shitpost #anyway its probably a good and wonderful thing that i should be grateful for but its happening too fast and im not prepared #so i dont want to ruin the opportunity by being a dummy who doesn't know abt business ten years before i am even ready for the opportunity #😣😣😣#im sure its all good and fine and helpful but aaaaaaaaaa

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toledopilled · 3 months

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when you tell people that they Have To go to college or else they will never be able to find a decent job so you have millions of students racking up debt only to find out nobody will pay them enough to get out of debt that is evil enough by itself but the government giving out free money like candy (and calling it loans lol) to people who legitimately took a risk and started a business is ultra diabolical! and then giving out these “small business loans” to primarily rich people and corporations??????? i cannot think anymore!!!!!!!!!

#i love you legitimate small business owners btw i am not dunking on u guys #just using an example here #but i know the majority of people who got those PPP loans are NOT that

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mikeandrewfunding · 10 months

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This introduction aims to shed light on the concept of alternative business loans, exploring their features, benefits, and applications in the modern entrepreneurial landscape. As we delve into this topic, we will highlight the unique advantages of these alternative financing options and provide valuable insights for businesses seeking growth opportunities.

#business loans #small business loans #business financing #finance

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sunlitemortgageca · 10 months

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Sunlite Mortgage: Your Licensed Mortgage Experts in Ontario

Sunlite Mortgage is a trusted name mortgage license in Ontario. Our qualified professionals offer expert advice and assistance in navigating the mortgage landscape. Whether you're buying a home or refinancing, count on Sunlite Mortgage for reliable and compliant mortgage services in Ontario. For more information visit our website.

#business loans alberta #small business loans alberta #small business startup loans #mortgage brokers in mississauga #mortgage brokers ottawa rates

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dontmean2bepoliticalbut · 2 years

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A federal judge on Thursday ordered the Small Business Administration to release details on coronavirus pandemic-related loans that would disclose information on businesses that benefited from $717 billion in federally backed borrowings.

The judge ordered the agency to disclose all the names, addresses and precise loan amounts issued through the Paycheck Protection Program and Emergency Injury Disaster Loan program. The decision comes after a lawsuit was filed by a dozen news organizations, charging that the agency was not fulfilling its obligations under the Freedom of Information Act.

The SBA had previously released only summarized and anonymized data for PPP loans under $150,000 — which account for about 4.5 million of the 5.2 million in total loans made — claiming they would violate borrowers’ privacy by revealing the size of their payroll.

When the SBA denied the FOIA requests by news agencies, it argued that releasing government loan information would reveal business and personal information that should be kept private.

Federal Judge James Boasberg rejected those claims, saying in his ruling that, “the significant public interest in shedding light on SBA’s administration of the PPP and EIDL program dramatically outweighs any limited private interest in nondisclosure.” The judge discounted the SBA’s claim that the size of a loan would reveal a company’s payroll, calling the assertion “fundamentally flawed.”

He noted “the PPP loan application expressly notified potential borrowers — admittedly in a form disclaimer — that their names and loan amounts would be ’automatically released’ upon a FOIA request,” and criticized the agency for offering “a series of arguments that essentially all reduce to the unavailing contention that the agency did not mean what the loan-application forms actually said.”

The SBA had no comment, agency spokesperson Jim Billimoria said in an email to NBC News. The Justice Department, representing the agency in the lawsuit, did not reply to requests for comment and whether the Trump administration plans to appeal the ruling.

“In response to the unprecedented challenges faced by small businesses this year, the Trump administration provided more than three-quarters of a trillion dollars in financial assistance to support impacted small businesses," SBA Administrator Jovita Carranza said in a recent release. "SBA lending data further reflects the extraordinary commitment this administration has made to supporting entrepreneurs in underserved communities.”

Nearly 30 percent of the PPP loans were made in low-and moderate-income communities and over 15 percent were approved for rural communities, according to the agency.

Government watchdog groups welcomed the release and pledged to begin scrutinizing the data once released.

“From the beginning, the Trump administration did everything in its power to hide the recipients of PPP loans,” Jeremey Funk, spokesman for Accountable.us, a progressive government watchdog group, told NBC News in an email. “As soon as the administration abides by the court order and releases all data, we will scour it to see whether more Trump administration officials and family members — and other well-connected folks — than previously known received the loans.”

The data was released following a FOIA request filed by 11 news organizations, including NBC News, The Washington Post and The New York Times, and was consolidated with a separate lawsuit filed by the Center for Public Integrity, a DC-based investigative journalism nonprofit.

News organizations had mined the limited data released in July to reveal loans given to those connected with the Trump administration and how Black-owned businesses appeared to have greater difficulty getting SBA aid.

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baseyellowcreditadvisors · 1 year

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Find The Right Loan for Your Business

Base Yellow Credit Advisors provides the best loans for business needs. We aim to make the loan process absolutely easy and hassle-free. We are here to help you build credit for getting the loan amount. Whether it is just a startup or you wish to boost your business, we are here to make the process comfortable for you.

#loans for business #loans for small business #business loans near me

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notveryshrugemoji · 1 year

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I’m not adding commentary to this topic

#but when people talk about misappropriation of schmovid money they are almost never talking about business owners #the majority of the funds that went to small business owners were not needed and every accountant was suggesting it because of the tax stuff #we are going to see audits in the next 2-3 years #business owners were given a $60k interest free loan from the gov with $20k forgiveness if paid by a certain date

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brimarc-noel-llc · 6 months

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Are you looking to grow your Business? We can help! Our experts provide tailored advice to help you reach your goals.

Give us a call at 800-452-8485 or visit https://brimarcnoel.com

#mentorship #business owners #small business loans #business funding #success #business consulting #small business owner #business growth

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financesone · 1 year

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What are the benefits of having a small business insurance in Chicago?

Getting small business insurance in Chicago can protect you and your employees from unforeseen events. Know all the benefits of buying an insurance.

Did you know Chicago alone has over 100,000 small businesses? Getting small business insurance in Chicago will not only save you from potential liabilities. But it can also help you in running your business smoothly and recruit fresh talents from the city. Read more

#financial #finance advisor #insurance policy #insurance industry #small business insurance #tax #loan #business insurance

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curiousowls-world · 1 year

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Understanding Good Debt: How Borrowing Wisely Can Help Build Wealth"

Debt can be a scary word, but not all debts are created equal. Some types of debt can actually be beneficial and help you achieve your financial goals. In this blog post, we’ll explore what is good debt and how it can be used to your advantage.

What is Good Debt?

Good debt is any debt that is used to acquire an asset or investment that will increase in value over time or provide long-term benefits. In other words, good debt is debt that helps you build wealth or improve your financial situation.

Examples of Good Debt

Student Loans

Student loans are a type of good debt because they help you invest in your education, which can lead to higher earning potential and career opportunities. Of course, it's important to manage your student loan debt wisely and avoid taking out more than you need.

Mortgages

A mortgage is a type of good debt because it allows you to purchase a home, which can increase in value over time and serve as a valuable asset. Additionally, owning a home provides long-term benefits, such as stability and the ability to build equity.

Small Business Loans

Small business loans can be a good debt if they are used to start or expand a profitable business. A successful business can generate income and provide financial security for years to come.

Car Loans

While a car loan is not typically considered an investment, it can be a type of good debt if it allows you to purchase a reliable vehicle that you need for work or other important activities.

Why is Good Debt Important?

Good debt is important because it can help you achieve your financial goals and build wealth over time. By using debt strategically, you can acquire valuable assets and investments that can provide long-term benefits.

It’s important to note that not all debt is good debt. High-interest credit card debt, for example, can quickly become a burden that eats away at your income and savings. It’s important to be cautious when taking on any type of debt and only borrow what you can afford to repay.

Final Thoughts

Debt can be a valuable tool for achieving your financial goals, but it’s important to use it wisely. Good debt can help you acquire valuable assets and investments that can provide long-term benefits and improve your financial situation. By being strategic and responsible with your debt, you can build wealth and achieve financial security over time.

#good debt #student loans #mortgages #small business loans #car loans #wealth building #financial goals #responsible borrowing

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