Most expensive stablecoin’s price drops 100 times

Better than gold!!!!!!!!

History is being made today by the highest priced cryptocurrency in the world, Maya Preferred 223, the first ever forward split has taken place and investors now can buy Maya Preferred 223 (MAPR) on the catex exchange ONLY and by using Bitcoin only for $250 per coin.

On August 1st, U.K. Financial Ltd., a company behind Maya Preferred 223 (MAPR), has performed the “forward split”, an emission of coins that dropped the price of the most expensive stablecoin in crypto history for 100 times in one day. And holders will love it. Want to know, why?

A forward split is traditionally when a stock splits and shareholders end up holding more after the split than they held before. This crypto incarnation of the forward split will see each Maya holder receive 100 MAPRs after the split for every 1 MAPR they held before. Anyone who owns Maya Preferred 223 at the close of business on July 31, 2019 has qualified for their share of the forward split tokens.

While holders have been given 100 free MAPRs, the price of the coin has accordingly been reduced by a hundred times at the close of business on July 31. This move has made the price of Maya Preferred 223 more affordable to investors. The split happened like this: Maya Preferred closed at $24,984.72 on July 31st 2019, and on August 1st 2019 Maya Preferred open at $250 per coin.

All coin holders have received 100 tokens for every individual coin they own (partial tokens also qualify) so the dollar value of their holdings is exactly the same. All the tokens have been transferred to the accounts at the Catex.io.

On August 1st, 2019, U. K. Financial Ltd. freezed the price of Maya Preferred 223 at $250 per after the split MAPR is traded exclusively on Cat.ex only for BTC and performs a 1 million token buying opportunity, open to the general public, at that frozen price till September 30th. These 1 million tokens represent approximately the total number of MAPR tokens that are available to the public. The close of the buying opportunity is September 30th and all the dividends will be paid no later than September 30th.

As Jim Dahlke, CEO and co-founder of Maya Preferred 223, says, referring to the upcoming split, ‘We have been considering this option for some time, and now it has been a perfect time for this move. Forward split let the investors see that MAPR is no more a crypto curiosity, being the most expensive stable coin ever. They see now, that the team steps forward to make MAPR more affordable to the end-user, and 60-days period after split is the best way for the new hodlers to get MAPR on special terms.’

The forward split hasn’t affected the way the coin works. The currency has the same amount of assets backing it after the split, but the ratio of the backing to each coin is adjusted to reflect the 100-time price reduction. Note, that each MAPR is backed by $34,000 per token in gold and silver from 11 gold and silver mines in Mexico.

The forward split follows Maya Preferred’s 223 recent efforts to provide stability to the crypto market. The Maya team has announced that they will be using their cryptocurrency to independently back other currencies for the benefit of the crypto industry as a whole.

Maya Preferred 223, developed by U.K. Financial Ltd., is currently traded on Cat.ex crypto exchange for $250

From June 26, 2019 Maya Preferred 223 is backing Bitcoin with gold and silver by transferred 21 million MAPR, an amount equal to the total number of Bitcoins, to escrow accounts.

Media Contact
Company Name: Maya Preferred 223
Contact Person: James Dahlke
Email:Send Email
Phone: 3026132103
City: Mexico City
Country: Mexico
Website: Mayapreferred.io

Staying in Competition with Alternative Small Business Loans and Financing

Small business owners today should be aware of the many options available for small business loans & financing. This is important because lack of funding at the right time or low interest rates and easy payment terms can make a huge difference to running a smooth operation and eventual success.

It is no secret that conventional bank loans are more difficult to obtain post the recent economic downturn. Big banks have stricter norms, and their processes are not friendly to the way small businesses are run and managed. Fintech has thus come to the rescue of millions of small ventures, stores, startups and local businesses. Their processes are easy, norms friendly and approvals quicker than those of banks.

With alternative loans, online lenders and fintech, getting a loan request approved is just a matter of a day’s time. There are no high credit scores to show, revenue and balance sheets to share or wait periods running into months. Though the interest rates here are high, at least a business can secure a loan for its crunch times and emergencies, and continue operations.

Alternative lending has emerged precisely to serve the needs of those businesses that fail to meet the norms of big banks. This way, a business can stay assured that it will be able to meet working capital needs, pay employees on time, buy inventory or continue spending on marketing and promotions.

Several flavors of alternative lending make it attractive to business owners. They may opt for a cash advance, use invoice finance, take a small fixed loan, or even open up a line of credit. It is not uncommon to see alternative funding range between $50K to $2 million. Loans may get sanctioned within a day or two. 

In case of line of credit, the most that an alternative lender may request is for small business owners to show that they have been in active operations for a few months at least. A decent credit score may also apply. Alternative finance or fintech is a boon for many small businesses today given the importance of liquidity and the competition to stay ahead of others.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Successful Business Funding Strategies for Small Businesses in 2019

The majority of new ventures fail to last longer than a few years, and small businesses have been left to grapple with paucity of lending facilities post the recent recession. Business owners should therefore stay up to speed with the latest business funding strategies to keep their ventures in competition and in a healthy financial state.

When big banks fail to offer support, new ways soon emerge to keep businesses going. This is how alternative lending avenues have mushroomed, especially online, and rescuing small businesses facing difficult times. With these platforms, no small business ought to go without funding for too long. There are no long lists of collaterals, requirements, due diligence, high credit scores and impeccable revenue histories to check, and the loan disbursal can happen on the same business day.

The first strategy can be to look at the internet, which has proved its versatility again when it comes to financing and loans. Fintech websites offer the most convenient, one-click approach to applying for a loan. The sites may even match an applicant with several suitable lenders. Another interesting model is that of peer-to-peer lending which is today a big industry. 

Crowdfunding is a hugely popular way to raise funds for new ideas, concepts, innovations and more. Though it is more oriented towards B2C ventures, there also exist crowdfunding with stake ownership features. The amount of money raised here comes in small amounts, and is part of a campaign that must be created and managed successfully. Donors here get compensated with goodies and discounts.

For emergencies, a merchant cash advance can save the day. These are typically granted in return for future sales. The advances are small and given for short terms and the interest rate can be rather high. The option however is worth knowing to tackle any urgent cash requirements that may arise in the future.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

New Ways to Overcome Finance Hurdles for Small Businesses

High competition in the small business space means no owner can afford to be without cash or adequate funding for long. Dried up funding means the life of business is only short lived. It is thus important for owners to be well informed on how to get your business funded, and today there exist several new and innovative ways to do so.

The funding environment for small businesses today looks healthy, all because of the new and alternative financing options available via online platforms. Big banks have gone risk averse in the last decade, and thus small ventures have come to rely on alternative financing options, including inventory financing, pay day loans, merchant advances, or equipment loans. Although the interest rates here may be higher than conventional bank loans, there is no denying the speed at which funding can be obtained.

Invoice factoring is an attractive option for venture with a healthy revenue stream. Unpaid invoices need not lie as such, and can bring funding by being traded with lenders. The same can be done with inventories as well. Invoice factoring allows a business to make use of its current operations to generate funds for the future.

Those with a creative bent of mind can start a crowdfunding campaign to raise funds in small amounts. Popular crowdfunding platforms attract a huge number of donors who want to support and fund interesting businesses and promising ideas. The campaigns however must reach their prefixed amount on some platforms, or the collected money is returned.

Another useful strategy is to keep an eye on angel investors in one’s community or network. Angel investors do not need a perfectly going business or proof of revenue streams. They invest and take a stake in the business where they see promise of future returns.

Payday loans are also a way to come out of immediate cash requirements. The loan is sanctioned in hours without long paperwork, and has to be repaid in a short duration. These are high interest loans and meant to be used for emergencies.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Avenues for Small Business Owners to Hunt for Angel Investors

Getting an angel investor to back one’s business is the dream of many entrepreneurs. This is however a rare species and only a few succeed in finding an angel investor. Luckily, advances in communication and the new spirit of innovation in technology and other industries have made it easier to hunt for an angel investor. This is a good way to obtain small loans for business.

Angel investors are like any other investor, and want to see attractive returns on their investment. Since they enter the investment cycle at the first or an early stage, their expectations and selection norms are rather flexible. Like other seasoned investors, they too exercise caution, do not put all of their money at one place, and look at a variety of factors before investing.

Before searching for an angel investor, entrepreneurs and owners should ready their business plan. They should focus on the things that would interest the investors, such as their business story, the ‘why’ behind their service or product or what real world problems are addressed.

The community is a good place to start one’s search. Early investors prefer to deal with ventures that are closely located. Local networks are thus a way to find out who could be invested in becoming an angel investor, including family and friends. 

Business accelerators are a promising place to find an angel investor, as this is where new ideas are nurtured. Angel investors look for innovative ideas or disruptors, and thus are likely to be found at business accelerator avenues.

An easy place to locate angel investors is an online platform where there can be found syndicates and groups of investors. There are also formal associations of angel investors that one can approach. Finally, references and good mentions can also lead to success in finding an angel investor.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Micro Loans are Ideal First Choice for Funding a Small Business

It makes good sense for small business owners and entrepreneurs to check out the latest micro loans interest rates. Although micro-loans have only recently burst onto the funding scene, they have captured enormous attention the world over for their focus on small and medium scale businesses, from home based start-ups to more formally organized entities.

Mirco-lenders are to be found in the neighborhood or community, where they disburse small amounts for short durations at low interest rates. These are meant to support and sustain small sized ventures, especially home based, self-operated businesses or self-employed people. The range of a microloan can stretch from as little as $500 to even $50,000. 

Unlike other loan facilities, micro-loans do not require proof of revenue, and are thus easier to obtain. They are meant to serve only small objectives, such as running operations or purchasing inventory, and settling small payments for services. Even the SBA in the US has a micro-loan program, which operate via intermediaries.

While applying for a micro-loan, business owner can also submit collaterals and personal guarantees. New ventures can submit their business plans, and also exercise the option to invest personal money. It is a good practice to stay clear of uncleared dues in the past and have a clean credit history.  They should also present a professional and committed image. 

Micro-loan as an industry is huge, and offers great convenience and comfort for obtaining funding in small quantities. These are the community or neighborhood loans that enterprises and small owners can quickly get in touch with and figure out the options available.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Ameson Packing Inc. Is Now Among the Leading Providers of Cushion Packaging Machinery and Materials

Without a proper foam packaging system, most products with low durability tend to be short-lived. This is why it is recommended to utilize a high quality and superior air cushion machine whenever one is cushioning their goods. However, finding such machinery is not an easy task. One needs to consider a multitude of aspects before they can decide. One name that is constantly recommended by many is Ameson Packing Inc.

They are a company that provides cushion packaging machinery and materials. Since 2006, they have been among the leading names in this field. This is because their machinery is patented and designed with efficacy and efficiency in mind. They ensure that the packaging process is smooth and results in the utmost protection and cushioning for one’s goods. On their website, one can look into a number of different machines that they have available. Each offers a unique function that provides easy and effective cushioning and packaging. They have a multitude of options – including an air packing machine, an air pillow machine, and an air bubble machine, among others.

The machines come with a year-long warranty – and Ameson provides assistance to the many frequently asked questions on their website.  They also provide a number of materials that work seamlessly with their machinery. These include boxed product cushioning, Dunnage Airbag, air bubble wrapper, air column bag for wine and much more. The number of options available is quite extensive and one can select the material they require with relative ease.

That being said, whether one wishes to get packaging materials or machinery, Ameson is one company that has every solution. Their ability to provide high-quality and well-designed patented machinery, alongside durable materials, makes them the premier choice for many people. They have managed to make a name for themselves in the past 13 years, and continue to provide excellent services to all their customers. Anyone that wishes to find out more about their services can do so from their website.

About Us:

Ameson was established in 2006. They are the leading manufacturer in cushion packaging machinery and materials. Their products are all sold with their own patent and manufactured by themselves. This ensures much better quality control and provides the guarantee to every customer. Their professional services and attention to detail has made them one of the premier choices for cushion packaging.

Media Contact
Company Name: Ameson Packaging Inc.
Contact Person: Media Relations
Email:Send Email
Phone: +1 214 694 2210
Address:3624 Neutron Rd
City: Dallas
State: TX
Country: United States
Website: https://www.cushionpak.com/

Exicure, Inc. (NasdaqCM: XCUR) Shares Soar 21% After Uplist To NasdaqCM; Announces $55 Million Offering

Exicure inc. shares rally after the company announced an uplist to the Nasdaq Capital Markets. The company also announced a $55 million financing that will be used to expedite current trials.

Shares of Exicure (NasdaqCM: XCUR), Inc. a clinical-stage biotechnology company developing therapeutics for immuno-oncology, inflammatory diseases and genetic disorders based on proprietary Spherical Nucleic Acid, or SNA technology, are responding enthusiastically to the news released during the pre-market that announced that its shares have been accepted for trading on the Nasdaq Capital Market. At the open, shares are higher by more than 21% and currently trading at $2.24 per share.

Exicure, Inc is an emerging biotech and is considered as a pioneer in gene regulatory and immunotherapeutic drugs utilizing spherical nucleic acid (SNA™) constructs. According to XCUR, its common stock will begin trading on the Nasdaq Capital Market under the symbol “XCUR” at the opening of trading on July 31, 2019, following its previously announced approval to list its common stock on the Nasdaq Capital Market. 

In addition to the uplist, investors also responded well to the company's announcement that the pricing for its previously announced underwritten public offering of 27,500,000 shares of its common stock has been set at a price to the public of $2.00 per share. The deal also grants the underwriters a 30-day option to purchase up to an additional 4,125,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on or about August 2, 2019 subject to customary closing conditions.

According to the company, XCUR expects to receive gross proceeds of $55 million from the sale of common stock in the offering, prior to deducting the underwriting discounts and commissions and estimated offering expenses payable by it.  Funds will be used to advance AST-008 through a Phase 1b/2 clinical trial; to develop an SNA therapeutic candidate for a neurology condition and advance it into Phase 1 clinical trials; and for general corporate purposes.

XCUR is putting together a string of positive updates and this mornings announcement sets the stage for accelerated growth and increased investor interest as the company begins trading on a more senior market.

Media Contact
Company Name: Perceptive Advisors
Contact Person: Kenny Soulstring
Email:Send Email
Phone: 305-766-3421
Address:7441 Wayne Ave.
City: Miami Beach
State: Florida
Country: United States
Website: https://www.soulstringreport.com/

Friends and Neighbors Day Fest continues this August as Atlanta’s Garden Art Party

Atlanta - In collaboration with Art On The Atlanta Beltline, Arbitrary Living presents Friends and Neighbors event series. Friends and Neighbors is a mini boutique festival and day party celebrating southern hospitality, public art and creative commerce at Historic Fourth Ward Park Outdoor Theater and Meadow. The next edition of the event is on Sunday, August 10th from 4-10pm. Our day fest begins in the afternoon sun and then winds down into a lush evening in the garden.

Inspired by getting to know your neighbors, the overarching goal is to celebrate and bridge community between diverse groups through art, food, music and wellness engagements. Friends and Neighbors attendees are everyday people.

The location of F&N was chosen with intention. In Old Fourth Ward there is still a sense of mystery and uncomfortability between established and new residents. The gentrification of this neighborhood is based on color lines, racial dynamics, and transportation.

Our intent is to use this performance art pop up to bring people together from all backgrounds in green spaces with an intentional focus on amplifying and connecting women, nonbinary, black and POC creatives and entrepreneurs. As well as informing the conversation from our lens as marginalized creators.

“I am passionate about us getting back outside, getting into nature and getting in touch with our spirit and what our bodies need,” says Quianah Upton the founder of Arbitrary Living and #ChopItUpATL, “We are hoping that being invited to play and meet in green space serves as a bridge to community engagement and fun.”

Art on the Atlanta BeltLine strives to create welcoming and inclusive art experiences for all. Now in its tenth year, the exhibition has grown to be the largest temporary, outdoor public art display in the south. The year-long exhibition includes performances, sculptures, murals, concerts, festivals, special exhibits, pop-up experiences, and collaborations – all of which are free to the public

“Our work serves to connect people and uplift the existing culture of Atlanta BeltLine communities,” said Miranda Kyle, Arts and Culture Program Manager at Atlanta BeltLine, Inc. “Events like the Friends and Neighbors Day Fest line up perfectly with our goals of equity, inclusion, and community.”

On August 10th we invite the community to join us for the second Friends and Neighbors. We’ll have yoga from 4-5pm with Patrick Joseph Boston along with a popup market and food vendors such as Lush Pops ATL and 95th St Tacos as well as an arts and crafts activity table by The Primary Movement and a photo booth art installation by EarGarden. Our sounds will be provided by DJ Ohso, Dell Harris and SAY3.

About Arbitrary Living:

Arbitrary Living was founded as a vintage and handmade housewares retail organization in 2013. They began event production as well as creating art installations and curated markets with colorful and distinct pieces in 2014 and quickly made a name for ourselves. To keep up with demand, they founded Arbitrary Living Agency offering skills in social media, branding, art installations and event production in 2018.

About #ChopItUpATL:

#ChopItUpATL creates space for nourishing gatherings around social justice and dialogue, as well as events that serve to gather the diverse community together in green spaces.

About Art on the Atlanta BeltLine

Art on the Atlanta BeltLine is the largest temporary public art exhibition in the history of Atlanta. It showcases the work of hundreds of visual artists, performers, and musicians along the Atlanta BeltLine corridor. This spectacular project places working professionals alongside emerging artists, and draws residents and visitors into some of the most unique public spaces in the City of Atlanta, providing powerful new perspectives on the city and its vibrant neighborhoods. The exhibition showcases how art strengthens and beautifies current and former industrial areas and creates signature spaces exemplifying the transformation of the city through the Atlanta BeltLine. Art on the Atlanta BeltLine touches almost 20 intown communities.

Media Contact
Company Name: Friends and Neighbors
Contact Person: Quianah Upton
Email:Send Email
Phone: 4044493676
Country: United States
Website: https://link.dice.fm/friendsandneighbors

Despite Hurdles, Women Owned Businesses Can Utilize Various Funding Options

Despite the media attention and the ongoing struggle of the women’s movement, there aren’t any business loans that are meant specifically for women entrepreneurs and business owners. Yet there is hope and one can search for how to find loans for women to find out what options are available.

Women form a healthy forty percent of the founders and owners of new businesses in the US. This however does not mean that the process of loan sanctions is easier or favorable to women. The opposite could be true, as figure reveal only one third of women applicants are successful in getting a loan.

Another factor that works against women is that they are concentrated more in sectors such as education, hospitality or retail. Investors usually do not show very keen interest in these industries. Since there are no special schemes, many women resort to unsecured loans or offer personal guarantees instead of collaterals.

There are however online platforms where women can apply for support, and some loan programs are intended for women. SBA loans are available for women with good interest rates. Alternative finance is also open for women, and offers quick funding for short durations. The selection criteria are flexible and better than conventional loans, with small processing time. 

Women can also apply for lines of credit and microloans. These are ideal for cyclical industries, and offer great convenience. Money can be obtained whenever required without the need of high credit scores or other formalities and proofs. Micro-loans are another attractive option for home based ventures or solo women entrepreneurs.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Using Crowdfunding as a Micro Loan Avenue for Small Businesses

Crowdfunding has taken the funding industry by surprise with its massive appeal. Today there are hundreds of such sites allowing entrepreneurs, artists, social workers and others to seek public aid to start their venture. For small businesses, it can be considered a form of microloan which need not be paid back. In comparison to how microloans work, crowdfunding can thus be seen as an attractive option.

Billions of dollars have been raised via several crowdfunding platforms in recent years, and the total market is expected to touch US$1 trillion in 2025! Crowdfunding is thus a serious contender for entrepreneurs and small businesses if they can crack the challenge and come out with an attractive campaign to find online donors.

Crowdfunding allows for both cash and equity types of investments. The cash and rewards based platforms run campaigns with a set goal to be achieved in a certain time duration. Small business owners can ‘presell’ their product or service and raise funding, in exchange for discounts, rewards, goodies and other complimentary offers for donors and backers. The equity based platforms require granting of shares to donors.

Originally used by artists, musicians, authors, and film makers, crowdfunding today is a very organized activity. It is used by charities and non-profits, individuals working for a cause, or those seeking donations for emergency situations. For innovators, crowdfunding offers plenty of benefits, as they can presell their innovation here and raise funding for launching and manufacturing their product.

Small businesses can look at crowdfunding if they think there business idea, products or forthcoming venture will be of interest to the public at large. Crowdfunding isn’t considered attractive for funding B2B activities. At some platforms, not reaching the target amount also results in forfeiting the amount received. As an alternative source of raising funds when other avenues do not work, crowdfunding is a serious option for new ventures and small businesses with attractive propositions.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Trade Credit Accounts Make Life Easier for Small Business Owners

The cost of supply and goods is one of the main expenditure items for small businesses. It thus makes sense to seek credit from suppliers to make operations smooth and uninterrupted. Trade credit allows owners to take supply and pay for it later within a stipulated period. They also benefit from discounts as part of the credit.

Sellers often extend trade credit to buyers, letting them pay the invoice in a week, fortnight or within 30 days. They also extent discounts when the invoice is paid in the set duration. Thus trade credit works as an informal and short term loan without any interest attached. Typically, trade credit periods extend from seven days to 120 days, and in case of jewelry can even be longer. 

Trade credits are extended with specifics written down in short form. So an invoice with 5/15, net 60 means that the amount is to be paid in sixty days. If the buyer clears the bill fifteen days, they get five percent discount.

To select buyers for trade credit, suppliers use several sources of information to judge trustworthiness. These include accounting statements, credit scores, payment relationship with other suppliers, and past record of paying on time with the current supplier. Other standard norms of creditworthiness, such as character or capital also help selecting whom to extend trade credit. 

Trade credit not only helps secure supplies without the burden of immediate payment, it also works towards improving credit scores. Opening a trade credit account and then clearing payments on time is a good way to make credit reports look clean and healthy.

There are some downsides to using trade credit. Extensive use of this facility can affect the image of a business, and can increase the price of supplies or management cost. Trade credit is still a preferred practice globally and accounts for around twenty percent of investment.

To find out more about net 30 trade accounts and how to use this facility, small business owners can consult online guides on how to get trade credit.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Invoice Factoring and Simple Finance Skills for Small Business Success

Running a small business is more difficult than it appears. Other than multi-tasking, owners are required to have a good sense of handling daily finances and cash flow. Since loans and funds are no longer easily accessible from large institutions, home based and small venture need to figure out ways and means to manage their finance.

For those ventures with a constant stream of sales and purchases, there is a handy way to obtain easy finance. The invoices can be sold to raise funds in what is called invoice factoring. Here is a simple invoice factoring guide to help understand the concept.

One strategy that is often ignored is to keep some cash aside for future requirements and growth. This can make a big difference, as in doing so the owner is making an investment in making the services and products better. The money set aside can be used to buy new goods, software, services or for introducing new offers.

Paying bills on time is an obvious idea, but actually doing so and thus cleaning up the credit report can bring in dividends while applying for loan. The business also creates a clean image among the supplier partnership networks, and can get trade credit on easy terms. An additional but great precaution is to never mix personal expenditure with that of the business.

Bargaining and negotiating for discounts, special offers and overall good deals is the ultimate way to keep saving valuable money, as it all adds up at a future date to a substantial amount. While dealing with partners, the terms and conditions, penalties, late fees and fines too should be accounted for. Email marketers often approach small business owners with new deals and special offers, and these are worth a look, especially those offering second hand furniture and equipment.

Finally, business owner who ignore their accounting practices, and do not browse financial sheets regularly could be risking a lot. Apart from the possibility of fraudulent practices, there is a lot of wasteful expenditure that remains hidden until uncovered at the end of the year. These risks and mistakes can be prevented by habitually checking account sheets.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Equipment Funding and Loan Gets Easier with Alternative Lenders

Just like large organizations, small businesses rely on office and other equipment, and more so. From computer and card readers to furniture, machinery, vehicles or communication gadgets, there are plenty of things to buy, maintain and upgrade on a continual basis. Since funds are always scarce, small businesses rely on either leasing or equipment loans to keep the operations afloat.

Old and damaged equipment can stall the progress of small businesses. They must periodically ‘renew’ their materials, supplies, interiors or equipment. This makes the business more appealing to customers, and keeps it efficient and modern. 

Leasing equipment and furniture is a good choice, and it comes without making down payments. The lease option can cover the entire cost of the equipment and also the soft costs such as carriage and taxes. The equipment, like computers, can then be returned, or even bought with a good deal.

The other option is to go for equipment loans. It is easy to find equipment loan as even online platform today offer quick processing and great deals for financing small businesses. The down payment is typically around twenty percent, and the equipment remains as a collateral. The good thing about using the equipment loan option is that ownership is obtained right from the first day.

Alternative online lenders offer equipment loans faster and with less hassle. Equipment loans could offer tax benefits as well, and also cover soft expenses such as cost of carriage or other fee and taxes. Taking an equipment loan is thus preferable for those who wish to create a stable business at the outset and have a strong strategy and finance in place.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Funding Avenues for Innovation and New Ideas in Small Business

Times have been good for innovators and disruptors in the last couple of decades, with a host of new technologies and applications changing the way work and business are conducted. Today’s buzz is around big data, AI, blockchain and the cloud, and these deserve serious attention from small and medium sized businesses.

Among the trends, personalized services are being given greater preference by customers. Automation and AI are adding their weight to the equation, but the human factor will continue to be preferred by consumers. Goods and services, when personalized and delivered, leave a lasting impression, and thus small businesses can continue to look at personalization as a key concept.

The blockchain technology is on its way to radically change the future, with the added value of cryptocurrencies. The distributed, decentralized world of the future will look very different from today, and small businesses should look at its potential applications. For marketing social media is still a top favorite for campaigns and promotions. In fintech, mobile apps and P2P continue to trend, and so does the cloud for tech support. 

Small businesses can come up with their new products and services and look at easy ways to fund their venture. Bootstrapping is a simple way to use one’s own personal funds and family assets. Friends and family too can be approached for loans, gifts and investments. 

Micro-loans and alternative funding has grown big, and start-ups and small businesses have an easy time drawing loans. Another popular option is crowdfunding, where campaigns can be set up to ask the public to fund novel ideas and ventures. 

Given the fast change in the evolution of technology and business environment, small businesses should ensure that lack of funding does not become a hurdle. There are several types of alternative finance platforms as described above that can act as the best way to get funding and bring the needed money power to back small business ideas.

Media Contact
Company Name: Funding Box Co.
Contact Person: Viola D. Hayes
Email:Send Email
Country: United States
Website: fdbox.com

Healthcare Expansion Creates Need for HIPAA Compliant Payment Processors

As the healthcare industry continues to expand, the United States’ top payment processing firms are noticing an increased demand for HIPAA compliant payments. In 1960, healthcare accounted for just 5 percent of the nation’s overall GDP. Six decades later, that figure is creeping towards 20 percent.

Healthcare expansion has been caused by changing legislation, increasingly specialized treatments, and a generally aging population. More than one in five American businesses are connected to the healthcare industry to some degree, a figure that is significantly larger than those found in other developing countries.

Most businesses change their practices according to developing forces of supply and demand. But firms that manage the back-office components of the business cycle, such as payment processing, have been directly affected as well. In a nation where more than 68 percent of consumer-driven companies rely on outsourcing, these economic developments have not gone unnoticed.

Responding to a Rapidly Changing Economy

Accounting behemoth Deloitte describes the current healthcare care industry as one that “moves toward a financial model that is based on value rather volume.” In a recent report, the company also goes on to recognize that the industry is focusing more on virtual solutions, collaborations within the healthcare system, and an increased focus on personal wellness.

All of these trends are directly affected by the ongoing regulations created by HIPAA. HIPAA—which is an abbreviation for the Health Insurance Portability and Accountability Act of 1996—set basic standards for how personal healthcare information ought to be stored and distributed. As a larger portion of American industry attaches itself to the healthcare industry, the need for universal HIPAA compliance will continue to grow.

It’s been more than two decades since HIPAA was formally signed into law by President Clinton. Since then, our world and our economy have become considerably more digital. According to the US Department of Health & Human Services, “The HIPAA Privacy Rule gives individuals important controls over whether and how their protected health information is used and disclosed for marketing purposes.”

HIPAA directly or indirectly affects seemingly all communications between healthcare providers and corresponding businesses. This includes communications between banks, insurance companies, and hospitals. Each of these types of businesses may be involved in billing and payment. Active payment processing firms have been paying close attention to these changes.

Preventing Payment Process Complications

Without HIPAA, it is possible that sensitive and personal information could be sold directly to internet marketers. Knowing that a patient has high blood pressure, for example, may influence Google or Facebook to tailor their marketing efforts and even sell this information to other firms.

Thus far in 2019, HIPAA has already issued and processed more than $6 million worth of fines. In 2018, that figure was more than $28.6 million, following a $20.4 million tally from the year before.

As the medical community continues to focus on being preventative, rather than simply being reactionary, medical accounting and billing firms have been developing a similar mindset. In order to prevent the possibility of a multi-million dollar fine—such as the $4.3 million fine leveled against The University of Texas MD Anderson Cancer Center last January—medical companies are preemptively investing in better accounting and billing practices.

Streamlining and Improving Payment Processes

Most doctors believe that protecting personal medical information is the morally right thing to do. But even for those that are morally indifferent, further investing in HIPAA compliance simply makes sense on paper.

Globalization and digitization have both been driving forces behind the outsourced payment processing industry’s remarkable growth. As the industry continues to expand, focusing on specialized payment processes (such as HIPAA compliance) will likely be even more of an ongoing priority.

Many of these firms are not afraid to flaunt their commitment to HIPAA compliance. For example, payment processor Smart Paybles promises the company “understands and protects [sensitive health information] with the utmost care and in accordance with applicable laws and regulations.”

Other companies are quickly following in SmartPayables’ footsteps. By the end of the year, the number of firms that have been approved and certified by HIPAA is expected to increase. These changes have come amidst a wave of payment processing security measures. Positive pay, specialized envelopes, and improved digital communication methods have all helped keep people’s medical information safe.

By the time 2019 comes to a close, the payment processing industry will likely expand. The medical industry will continue to expand, too. In response, the increased emphasis placed on HIPAA compliant payment processes makes perfect sense.

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Small Business Funding without Loans is Worth Trying

Conventional funding isn’t easily accessible to many small businesses or new ventures. This makes founders and business owners look out for alternative ways to fund, or even start a business without loans. Luckily there exist some options where a loan can be avoided, and thus there is no requirement to repay in a fixed duration.

Loan approval processes aren’t meant for everyone. But there are several other ways to raise money for operations, growth or other needs without having to borrow. The best known is invoice factoring, where the invoices are sold to the lender in lieu of money. This way, the current sales process goes on to fund the business.

An interest concept is that of trade credit, where a supplier allows buyers to receive goods and services, but pay later within stipulated period. Trade credit also comes with discounts when the invoices are cleared earlier than the last date. 

A novel way to get money is to pre-sell goods and services. These offers are promoted with discounts and special deals, and the funds generated can then go towards setting up the actual production. A more conventional way is to use the over-draft facility extended by banks. Those with property can rent out portions of their premises to raise capital. The amount so generated can add to the fund pool. 

Small businesses can try out seeking angel investors or seed funders and sell a stake in their business. This is the preferred route for start-ups with disruptive ideas. Venture capital however is a very different route compared to taking out loans, as it involves losing control over the business.

A micro-loan avenue that works without the repayment obligation is crowdfunding. Small amounts can be collected from the public as donations in return for goodies and discounts on the actual product. These campaigns are ideal for new ideas and businesses with social causes. Finally, peer-to-peer funding platforms are a popular way to get hold of capital.  

On the other hand, a business may also need loans to meet its obligations, clear debt, or expand. They may also need to borrow to upgrade and buy new equipment. The latter is explained in detail in the guide, how to get equipment loans.

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Funding Start-Ups with Angel and Venture Capital

Getting an investor to back up one’s pet project is a dream for entrepreneurs and innovators. The process of inviting and obtaining funding from private players is quite well set now, and anyone with a new and promising idea can expect to find some investor willing to take risk. 

The seed capital that a business needs to begin sprouting forth can be derived from personal wealth or from family or friends. Pre-seed capital too is available for new ventures, and there are no expectations of returns at this stage.  Bootstrapping, asking one’s network or finding an investor for seed capital, these are the ways a new business can set up its first office.

Angel investors are among the first line of investors who are willing to take a risk and launch new ideas. These are private players, often past entrepreneurs who have themselves launched and run successful businesses. The investment from angels comes with expectations of returns, and the period of investment may last a few years.  Angel investors are different from conventional loans in that they take a stake and also participate in giving directions to the business.

Venture capitalists or funds have become a popular way to give new wings to promising enterprises. Venture funding happens in a series of rounds rather than one go, and each round has its own set of qualifying criteria and expectations. VC funding means that a business has succeeded in gaining traction and customer trust, and is ready for scaling up operations. Venture funding series are represented by letters A, B, C and so on.  

Other than angel and venture funding, a business can also look around and get a business line of credit. This avenue ensures that funding can be obtained anytime up to a certain limit.

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Understanding Secured and Unsecured Lines of Credit

Before considering taking out a loan, small business owners should acquaint themselves well with a few basic aspects of loans. An important distinction is that between secured and unsecured loans. As the names suggest, the nature of these loans differs due to the borrower agreeing to place some asset or collateral under the control of the lender in case of default. An unsecured business line of credit is thus offered without any collateral for the lender to depend upon.

By giving a collateral asset to borrow funds, a business can agrees that the lender, like a bank, can sell it to recover its losses. Secured loans examples include home mortgage or vehicle finance. With the presence of this security, lenders are ready to lower the interest rate, or increase the credit limit. A secured line of credit will be the home equity line of credit.

If the borrower goes for an unsecured line of credit, the lender is obviously taking greater risk, as there is nothing they can sell to recover their money in case of default. It is therefore more difficult to get an unsecured line of credit. A credit card is a good example of an unsecured and revolving line of credit.

For a business to get an unsecured line of credit to fund its growth, it must therefore have a good standing and image in the industry or market. The line of credit will still carry lower credit limits and higher interest. 

As a line of credit, there is an advantage in seeking either a secured or unsecured agreement. A line of credit carries flexibility, convenience and can be used whenever required. The minimum amount for repayment is less, and there is also less pressure to repay the entire amount.

By keeping the above considerations in mind and learning more about secured and unsecured loans, small business owners can make prudent financial decisions and avoid any future surprises.

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The Right Things Small Businesses Do for Success

What is it that some ventures and start-ups get right? Is it in their DNA to succeed, and can we emulate some their practices? Small business owners usually face such questionswhen their ventures aren’t doing well. There is a good amount of insight available on the mindset and habits of successful entrepreneurs.

The failure of a small business hurts everyone around, as it carries a lot of takes from owners, investors, employees and supplier networks. This requires owner to steer clear of common errors, and inculcate good habits from the very start.

The first thing owners must remove as a weakness is ignorance of important fields such as accounting, sales or human resources. These are critical fields to know about, and the more, the better. At the same time, a lot of these functions can be outsources, which frees up critical business time. Multi-tasking is a good habit, but one or two individuals cannot do justice to many important things.

While many businesses begin with a single idea, some tend to stray and put their stake, time or interest in too many things. Failure to concentrate on a single idea is often seen as a cause of business failure. Another related bad habit is not giving up on products that one is not passionate about. By hearing the opinion of the team and others, one can prevent this pitfall or personal bias.

One aspect of business that gets ignored is marketing. Today, social media marketing is changing the game, and everyone must understand the importance of promotion in all the new ways it is being done today. Ignoring new marketing methods is to stay behind competition.

Financial planning is the bedrock for a business. Are products and services overpriced? Is negotiation being used to cut down on payments? Trade credit is a good way to smoothen operations, and there is financing for purchase orders. These and other aspects of finance are all important for the future success of a small business.

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Adopting New Workplace Practices for Small Business Success

Small business owners who take a keen interest in new workplace trends can attract and retain talent, a vital element of success. Since virtually every decade sees a shift in workplace requirements due to the evolution of tech and economy, it’s important to know and adopt new trends when they are well established like standard practices.

Women today start many new ventures than they did in the past decades. The emergence of women entrepreneurs and investors is a welcome development, and good for the state of small businesses, as they bring in fresh and new perspectives. Unfortunately, there aren’t any exclusive women’s business loans that cater to them.

The Millennial generation has brought in huge shifts at both the workplace and consumer preferences. After them, there could be another similar shift when Generation Z enters the economy. All of them are digital natives, prefer flexibility, and have a unique perspective on work and life. For small businesses, these are important factors to consider at work and in business.

The workplace ambience and atmosphere is part of the culture of workplace. Small businesses that meet the expectations of employees in terms of what makes them comfortable can expect to retain them and attract more talented staff.

Perks and rewards at workplace can make a big difference to productivity. The nature of gifts and perks too has changed. Small businesses can tap into these new trends and adopt new ways to reward, including vouchers, prepaid cards, memberships to spas and wellness clubs, yoga classes, etc.

Flexible working hours and work from home are two practices, which when adopted, are bound to be listed as positives in employee reviews. Technology now makes it possible for anyone to work from anywhere. Making use of apps, cloud tech, the intranet, and special team and collaboration apps and platforms can easily allow staff to stay connected when they can’t come to the office for work. Needless to say, such practices go a long way to increase employee satisfaction, and in turn, business success.

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Staying on Growth Trajectory with Today’s Leading Practices

Post failure, it is too late to take any ameliorative actions. Small business owners should acquaint themselves with good business practices and learn from other businesses as well to keep their venture on the path of growth. Given that a vast majority of new ventures and start-ups are poised for failure, it is important to keep one’s best foot forward.

New technologies will vastly change the way future will be like, both inside and outside workplaces, consumer likes, the way products are made and promoted, etc. Today’s buzzwords will be tomorrow’s basics and essentials. The tech to keep track of today includes the cloud, AI, blockchain, automation, social media, and peer to peer technologies.

In the age of personalized services, small businesses should find their niche in the industry. Products and services that are unique, distinctive, personalized or stand out from the crowd always attract more attention. Products like these can also be used to collect crowdfunding.

Spending a lot of money right at the start need not result in success, and the money can easily go down the drain. This is the reason why start-ups and small businesses tend to run on shoestring budgets, and avoid making unnecessary expenditure. There are many ways to save money, such as negotiating hard with suppliers, or maintaining a low energy footprint.

Marketing is an essential component of business success. This is why huge sums are spent on SEO or optimization, email marketing, social media, and other promotional ways like Instagram or YouTube influencers. Building a community around a product is essential, and is often done even before the launch of the final product.

Our company defines us, and actually inspires us to take on new directions. Small business owners and entrepreneurs should hang out with the successful, as habits tend to brush off. This will also help them think of innovations in their products and services, without which no business can grow or compete with others.

Finance matters form the heart of small business success. Owner should therefore know all the various avenues and platforms for raising money, including construction loan options.

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The Multiple Benefits of Invoice Factoring for Small Businesses

Only a minority of small business loan applicants get approved after going through a rigorous sanctioning process at conventional banks. This should not disappoint small businesses, as there are many other ways to raise quick funds, including their own sale process. Invoice factoring is all about selling the receivables to a third party for quickly getting hold of money, as described in the guide, invoice factoring explained.

In case of businesses that have a healthy sales process, invoices that are pending or not likely to be cleared immediately can be put to good use. They can be used to generate quick cash by selling them to a third party, which agrees to pay eighty percent of the amount in what is called invoice factoring. The remaining amount is received minus a certain commission when the invoice has been cleared. 

Invoice factoring is another way to raise money, apart from trade credit, where a business can get more time to pay to its own suppliers, or get a discount for settling the invoice early. The process is good especially for those dealing with business or government contracts. 

With invoice factoring, the third party verifies the documents, and the agreed amount is paid to the business inside a working day. The customer on whose name the invoice is made will thus pay to the third party, also called a factor. It should be obvious that these customers ought to be genuine and reliable.

With loans, the money requires to be paid back, but with invoice factoring, there is no such requirement, as the invoice money isn’t a collateral. The invoice has been traded, and thus the amount s immediately received. Another benefit is that factoring takes care of the burden of collecting payment from customers. Cash flows are not interrupted, and factoring also brings down bookkeeping requirement. The money generated can be used to pay suppliers and clear bills on time.

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Funding for Veterans in Small Business Ventures

Veterans take up many ways to continue an active life post retirement or after leaving the military. Some are in high demand in corporations for their leadership skills, while others tend to start their own self-employed small businesses in their communities. It is obvious that they would need veteran business loans, and there are schemes to help them get better loan terms.

Veterans who have returned from harsh physical and mental stresses deserve all possible help to continue living their lives productively. Both the SBA and alternative finance platforms have several schemes to help veterans. 

Veterans need financing to meet many requirements, either to employ staff, start a new branch, or start production. VA business loans meet these requirements, and there also exist veteran grants. The SBA has also come out with some new measures. The SBA Express Program does not require any fee, and the maximum amount is $350,000. Veterans who had to give up their earlier profession while joining the military can apply for a special Military Economic Injury Loans. 

Since formal loans can have laborious processes, alternative finance firms have come up with better terms and loan processes. For veterans, there are better terms, and norms are lax, allowing even new businesses to get a loan. There are also better terms for credit limits, and no need for a minimum annual revenue figure to be shown.

After undergoing tremendous mental and physical duress, including injuries and stress disorders, veterans deserve all likely help with setting up their small business. Given their discipline, dedication and hard work, veteran run businesses are likely to be better managed and taken care of, and thus financial help is likely to go to good hands.

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Funding Options for Minority Small Business Owners

Inequality works in insidious ways, and that holds true for minority business owner experiences. Economic and social biases can be found at all levels, and this has led to the creation of business loans for minorities. These loans come with several options, and apply to groups such as Asians, Africans, LGBTQ, women and others. 

To get a minority loan sanctioned, one must be registered as a minority business owner. Once this is done, financial support can be obtained from various government levels as well as alternative finance platforms.  

From the government, minority loans are available at federal, state and local levels. The SBA 8 (A) loan is offered to disadvantaged groups. For this the business should have a majority of its staff belong to these groups, who experienced inequality and financial constraints due to systemic biases. The SBA also has a Community Advantage Program for those who could not obtain a formal loan for not meeting the requirements. This scheme offers over $200K from the 7 (a) program. 

Other funding options for minorities include grants meant to assist them without needing a repayment. Grants may be available for people of specific background, race, status and other specifics, and these are given by organizations and special groups. There are also conventional funding options such as invoice factoring, trade credit or lines of credit. These are quick finance options and offer great convenience to get hold of cash whenever required, and without the delays and stringent processes of bank loans.

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Auto Repair Loans Can Save Small Businesses from Revenue Loss

They could be the most underrated aspect of a business, but vehicles, including cars, lorries or trucks, are simply unavoidable for some small businesses. When business critical vehicles break down for owners of courier services, food trucks, vendors and suppliers or traders, every day lost could mean loss of revenue. It therefore makes sense to know and understand how auto repair loans work. 

Broken down vehicles can languish in garages for months due to lack of funding. The loss of revenue and increasing cost of repairs can bog down vehicle owners. The way to avoid getting caught in this situation is to take a short term auto repair loan or a dealer offer for financing repairs.

Surprisingly, a large number of Americans can’t get their vehicles repaired due to heavy costs. Given the heavy costs involved, small businesses resort to taking out loans that are meant specifically to fund repairs and maintenance, especially during emergencies. Auto repair loans can be taken from either financial lenders, and are also offered by auto repair services and shops. The loan pays for either part of or total expenses for repairs, new spare parts, servicing and maintenance.

Small businesses should also take vehicle maintenance and repair costs in their budget and financial strategies. This is important as the cost could run above a thousand dollars. As per reports from the AAA, one out of eight vehicle owners find it difficult to get repairs done at such high costs. Thus it makes sense to set aside a part of the budget for auto repairs and maintenance.

Another way to tackle high auto repair costs is to find out budget repair shops and great deals and discounts. Auto repair loans are meant to quickly get vehicles repaired, and make repayments over a scheduled duration.

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Purchase Order Financing Lets Small Businesses Carry On Production

Purchase order financing is an alternative way to obtain funding after receiving large purchase orders. A manufacturer or distributor may not have the finance to go into production after receiving a purchaser order. With purchase order financing, they can raise working capital on the basis of the order received. 

PO financing and loans are a good solution for working capital requirements. These are specific loans granted under terms and conditions related to the product manufacturing, based on which the interest rate for the loan is determined. The payment could be upfront, contract based or depending on the duration of invoice payment.

PO loans are only short term loans, and allow a manufacturer to pay their suppliers and start production. Thus the small business owner need not refuse the order due to lack of finance, as the purchase order can be used to avail loan for executing the order.

The terms and criteria for PO finance specify the conditions that must be met by the borrower. These include terms such as restraint on making any changes in the products, and not engaging in manufacturing the same products as a business. There may be a 20 percent minimum requirement on gross margins, and suppliers too may be required to show a clean history.

Purchase order finance is suitable for order received in high value or volume. The loan allows accepting such orders and paying the supplier network to begin production. The process is quicker than taking out a conventional bank loan, and hence preferable.  PO financing is an attractive way for small businesses to maintain a regular and healthy production cycle without being hampered by lack of finance.

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Construction to Permanent Loans Make Property Development Easy

Building a house can be a costly proposition, but there is a special type of loan that allows for construction work to begin and proceed in stages. These are called construction-to-permanent loans. There are also normal construction loans with a usual down payment. Together, these tow construction loans take away the financial burden of building a property.

A construction loan is given for short terms, and carries high interest rates. At each stage of the construction process, the borrower can draw money and proceed to the next phase. These are called ‘draws’, and the total value of the loan is dependent on the value of the property to be built.

With construction-to-permanent loans, another feature is that the money need not be paid back at the end of construction. The loan is converted into a normal mortgage and then repaid as usual. The loan therefore serves to build the property and then converts to a mortgage for repayment. The fees for the loan are low, and interest rates depend on the prime rate.

The phase wise loan does not require a complete home as a collateral. If that is the case, lenders request for more details on the type of house and its material composition, the builder and the construction team, and so on. There is also the risk of rise in cost and unaccounted for funding requirements. This may require extra provisions in the customer’s budget as well. Other information related to the builder and their reputation, professional standing and history is also looked into before granting a loan on a full house as a collateral.  

There are guides available on construction loans interest rates offering more information on construction loans.

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Strategy for Auto Repair Loans Can Save Valuable Money for Small Businesses

Small businesses which rely on vehicles must keep the cost of repairs and maintenance into consideration, and make it part of their budget. As per the AAA, the yearly cost of maintaining a vehicle is upwards of $700. Many vehicles in the US lie unrepaired because the cost of repairs is too high. In such situations, some owners tend to resort to pawn shops and payday loans, which carry very high interest rates. Auto repair loans however can be accessed at reasonable rates to get the vehicle up and running.

Owning a vehicle comes with warranties and insurance, and these can stand in good stead in case of any breakdowns. Not all insurance however covers repairs and warranty periods can expire soon. In such cases, it makes sense to explore the cost of auto repair loans and get the vehicle repaired before further damage occurs.

Auto repair loans are meant to offer short duration financial assistance immediately, so that owners do not have to wait for lengthy bank approvals. An unsecured personal loan comes without a collateral, and with alternative and online financing platforms, approvals can be quick. These loans come with a fixed interest rate, and need repayment in a few years. 

As with other loans, auto car loan approval takes into account credit scores and histories. Poor scores could thus mean higher interest rates. Another way to raise repair money is to consider home equity loans or cash-out re-finance. 

Auto dealers and repair shops too offer financing for repairs and maintenance. These can come handy and small business owners can scout for which dealer offer the best rates. Given the high cost of vehicle repairs, a strategy in place can save valuable money for small businesses.

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