www.weforum.org 10.09.2009 Governments – through guarantees, asset purchases and lending facilities – have provided over US$ 8 trillion to support the banking sector and continue to promote lending; yet, for many, corporate credit is still unavailable. As the rules of international finance are rewritten, how will companies fund future global growth? Rashad Y. Janahi, Managing Director and Board Member, Abu Dhabi Investment House, United Arab Emirates Ronald Kent, Executive Vice-President, Head of International Listings, NYSE Euronext, United Kingdom Li Yang, Vice-President, Chinese Academy of Social Sciences (CASS), People’s Republic of China Luis Guillermo Plata, Minister of Trade, Industry and Tourism of Colombia; Young Global Leader; Global Agenda Council on Economic Growth & Development Christopher Rodrigues, Chairman, International Personal Finance, United Kingdom; Global Agenda Council on Emerging Multinationals Levin Zhu, President and Chief Executive Officer, China International Capital Corporation, People’s Republic of China Chaired by Stephen Engle, China Correspondent, Bloomberg News, People’s Republic of China
Whether you’re a CIO considering a switch from Sun to IBM or a manager debating about upgrading your entire Server platform, one thing remains the same: you’ve probably got one eye on your efficiency gain and the other eye on your budget. Fortunately, there are several financing options available to help you break down large technology acquisitions into more affordable monthly payments. The Equipment Leasing and Finance Association (ELFA) estimates that eight out of ten U.S. companies lease at least some equipment, but what many people don’t realize is that there are flexible financing options available for almostany kind of technology equipment, including software, services and training. Equipment financing is a popular way to maximize your purchasing power largely because it is acost-effective way to obtain the newest equipment without a large outlay of cash. Financing also helps shield you from the effect of equipment obsolescence, a real issue for all those using any type of technology asset. It’s easy to add the latest software version to your master lease so you don’t have to worry about working with outdated technology. The Benefits Add Up Some of the other recognized benefits of financing technology equipment include: • Reduced Tax Burden – The IRS does not consider certain leases, for example, to be a purchase, but rather a tax-deductible overhead expense. Therefore, you may be able to deduct the lease payments from your corporate income. • 100 percent financing – Some financing options require very little money down – perhaps only the first and last month’s payment are due at the time of the acquisition. • Immediate write-off of the dollars spent – With some financing options, payments can be treated as expenses on a company income statement, so equipment does not have to be depreciated over the useful life of the equipment. • Flexibility – As your business grows and your needs change, flexible financing options provide more opportunities for businesses to add or upgrade equipment during the lease term. • Asset management – Financing provides the use of technology equipment for specific periods of time at fixed payments. With some financing structures, the finance company assumes and manages the obsolescence risk of equipment ownership. At the end of the finance terms, the financing company is responsible for the disposition of the asset. But that’s just the tip of the iceberg when it comes to reasons to finance technology equipment. Some of the other recognized benefits of financing include: • Upgraded technology – Equipment that is frequently updated, such as software, should be financed to limit your risk of being stuck with obsolete equipment. It’s easy to add the latest software version to your master lease, for example, so you don’t have to worry about working with outdated technology. • Speed – Some financing options can allow you to respond quickly to new opportunities with minimal documentation and red tape. Most resellers work with a finance company that can approve applications within twp hours. • Improved cash flow – Many finance structures can result in a lower monthly payment when compared to a standard loan. In addition, some finance companies offer seasonally adjusted payments to match a company’s needs. • Simplicity- Financing process and documentation is straight forward and easy to understand. Finance Services Too Training, support and other services are vitally important to a successful technology implementation, yet they are some of the most overlooked costs involved with a technology acquisition. Because of this, Somerset Capital Group, Ltd. offers a finance program to help companies cover the cost of training and services, specifically. Often, everything involved in a technology purchase, from the software to the services and training can be bundled into one predictable monthly lease payment, making it easy to budget for all costs associated with a technology acquisition. With Financing, One Size Does Not Fit All Another important benefit of financing is that there are a variety of flexible financing products available to help meet your unique business needs. Many finance options can be tailored to fit month-to-month or year-to-year cash flow needs. Custom arrangements can be designed to address requirements such as cash flow, budget, transaction structure, cyclical fluctuations, and more. Some finance options even allow the customer to miss one or more payments without penalty. If you’re concerned about purchasing technology that could become obsolete or outdated, or if you’d like to give yourself the flexibility to respond quickly and easily to new opportunities that call for additional software, chances are there’s a financing option for you. Even if your company has cash on hand for a large technology acquisition, there may be a finance option available that would allow you to make better use of your working capital. Like any business decision, it is important to do your research before deciding which kind of finance option makes the most sense for you. Get Financing Today Because financing is such an important part of helping you get the software you need to excel at your job, USXL makes a variety of flexible financing options available. The application process is fast and simple; you could qualify for financing before the end of the day.
RJ Grimshaw is the General Manager for the USXL Technology platform which is one of the nation’s largest privately held equipment leasing companies. Grimshaw has more than 11 years of leasing industry experience. He can be reached for questions at 973-576-0636
Government grants are easier to get for a small business when all information needed by the government, like tax returns and financial statements, is readily available. Be wary about giving out personal information when applying for government grants, and choose a government lender carefully with tips from acertified public accountant in this free video on new business financing. Expert: Amber Hill Bio: Amber Hill is a certified public accountant and a partner in several small businesses that she started from the ground up. Filmmaker: Carlye Jones
So you want or need a new car but you have done some mistakes in the past that has led to a bad credit history? This is quite unfortunate but not an obstacle that you can’t cope with.
Many people experience difficulties when looking for a new car deal just because they have bankrupted before or simply have made more mistakes with their credit card usage or home mortgage repayment fees. Of course buying a new card with bad credit will not be that easy as buying a car with good credit history however it is possible.
The first thing to worry about is to get the financing right. You can borrow the money from someone; look for bank loans or car dealers’ loans.
Bank loans.
Despite the fact your credit history is bad there will be banks that will give you the money for your new car. You need to be persistent and patient and check as many banks as possible until you find the best deal.
Once you think you have found it all you need to do it to fill in a loan application and wait for the bank’s approval. A significant advantage is that most of the banks have online applications that you can fill from the comfort of your home and without the embarrassment of speaking to bank assistants.
Another advantage of applying for a credit with a bank is that most of the banks would respond quickly – usually within one business day. The terms of your credit will be clearly outlined in your contract and the risk of surprises later is almost not present.
Dealer financing.
Many car dealers give financing to car buyers – both with bad or good credit history. If you haven’t manage to find a loan from a bank than this is your only option.
Dealers would offer you much more flexibility than banks however their terms might not be that good in the long term. Usually you should watch out for “loops” in the contract that would allow the car dealer to change the interest rate drastically or the final car price.
Car dealers usually get the finances from other money institutions so you should be extra careful for the terms. Since you already have a bad credit history you should be extra careful about the terms of the new loan you are taking.
Make sure you have read and understood the whole contract; if necessary speak to a professional before signing the documents. The last thing that you want is another unbearable loan that you wouldn’t be able to pay off and that would harm your credit more.
Keith Londrie II is the Webmaster of http://life-after-strokes.info A website that specializes in providing information on Life After Strokes that you can research on the internet. Please Visit http://life-after-strokes.info Today!
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March 10, 2010 5:41 am | 
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