Getting out of Debt

Getting out of debt
December 2, 2014

Getting Out Of Debt Getting out of Debt is the dream for all Debtors. The weight of debt can be discouraging for us when we cannot see a light at the end of the tunnel. Living debt free is possible for all of us providing we learn the best strategies which are suited to our income level and behavior patterns. The basic Plan is simple as outlined in most debt…

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How Much Does It Cost to Go Bankrupt?

How Much Does it Cost to Go Bankrupt? Trustee Costs?
January 6, 2014

How Much Does It Cost to Go Bankrupt? The real cost to going bankrupt will include the Trustee’s Fee, loss of equity in assets, time, reputation, and your credit rating. Plus the stress associated with the whole process. There can be alternative options.   In Canada, the initial fees payable to a Trustee will be a minimum of $1,800 which should include the administration services and filing of bankruptcy forms…

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How to get a small business loan for a restaurant

restaurant loan
October 16, 2012

Prepare a business plan that reflects the reality of a restaurant operation if you expect to get a small busness loan for a restaurant. The risk is high for the success of a new restaurant. The startup of a new franchise location can be easier if the branding and systems have been well established such as a Red Lobster or Moxie’s. Lenders are more willing to loan to a new…

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Alternative Lending Sources

other lending sources
October 12, 2012

Every business needs alternative lending sources in the event the traditional commercial lending sources are not available as we have experienced in recent years. The best time to establish new sources of funding is when a business does not need the money. A prudent business person will make contact with various lenders and establish a business relationship before the need to borrow arises. Laying the ground work in advance will…

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How to Reduce Debt Payments

how to reduce debt payments
September 12, 2012

Debt payments are crushing a lot of families these days. The monthly payments are not being covered with the family monthly income. The result is no money for necessities let alone any vacation time. Single parent homes are especially hurt be debt.  Credit card debt is a monster with high interest rates of 18 – 24% per annum which makes it seem like an endless process in trying to pay…

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How to Get a Small Business Loan for a Woman

Bank-Loans-for-Self-Employed
September 12, 2012

How to get a small business loan for a woman should follow the same criteria as a man. The initial step will be the preparation of a business plan which will determine the amount and type of loan required for the business.  The type of loan normally depends on the use of the funds. Capital expenditures such as real estate and equipment would justify a long-term loan amortized anywhere from…

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How to Live with Less Money

live with less money
September 11, 2012

  How to Live with Less Money when starting a business is possible if you put your mind to it. The first step is to write down your personal goals and ensure they are congruent with your belief system. The next step is the preparation of your personal financial plan which will include you budget as you see it now. Now is the time to start cutting at the expenses….

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Loans for women

Cash Flow Coaching
September 11, 2012

Business financial loans for women can provide a brand new, prospective businessperson the ability required to manage a profitable enterprise.  They allow you to set up more money for your business endeavor.  They may be specifically useful to women that desire to be self-starting and own a small business. Loans for women have been seen to keep adaptable stipulations.  They are able to offer an answer to individuals who really…

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Small Business Loans: Alternate Source of Finance for Business Projects

other financing sources
July 16, 2012

Handling a small business is not an easy task at all. Big business owners can easily raise capital for venture due to good brand name and image.  However, it is almost impossible for those people who are running small businesses. Lenders put business owners in the same category where they put people with bad credit history due to unstable income. It is assumed that entrepreneur with small business can not…

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Finding Money to Start a Business

finding money for business
July 16, 2012

Finding money to start a business can be the most difficult step. The small business person will need to be capable of influence potential lenders that the business idea is feasible along with a good risk. Lenders take a risk in order to maximize the return on their capital, thus the entrepreneur needs to prove the risk is minimal as well as the potential of returns is fantastic. Your business…

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Government Small Business Resources

small business loan application
July 15, 2012

Small Business Resources are plentiful for small business owners to access and utilize. A few sources are as follows: Small Business Administration – USA Government of Canada Tax forms and information for US Residents Canada Revenue Agency Most of the government applications for assistance will require financial planning information, so be sure to first find a good accountant to help you.

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