Although the economy has slowly recovered since 2010, there is still a long way to go before the unemployment rate is back to where it was prior to the 2007 recession. Prior to the recession, the national unemployment rate was about 5%. By late 2009, the unemployment rate had risen as high as 10%. In […]
If you are like a great majority of Americans, you are most likely strapped for cash. Hurting for money can mean you cannot go out to eat as often as you would like, but it could also mean that you cannot pay your rent or your utilities. Luckily there is a quick and convenient way […]
While 36% of the people that purchase cars are able to do so outright, others are not in the position to do so. When people have good credit, they are able to finance their vehicle purchases more easily. Recent figures indicate that this applies to approximately 43% of individuals that have recently purchased cars.
Car Loan Interest Rates
On an annual basis, $98 billion in revenue is generated due to the interest associated with auto financing. During the period of May 2014 to May 2016, for example, car loan interest rates rose. In May 2014, they were 4.3%, and by May 2016, they had risen to 4.25%. Recent figures indicate that the average auto loan interest rate is currently around 4.16%.
There are different durations for new-car loans. The average durati (more…)
Managing money is complicated. Between corporate 401k plan management, personal retirement accounts, rules about withdrawals, and differences between a 401k and 403b, it’s easy to see how people can throw their hands up in the air. Even if you feel that way, fight through it. Your money is important, and you’ve earned it.
Millennials have earned a reputation for being less likely to financially plan for their future. Considering many students are graduating college with six-figure debt, it’s hard to blame them for not putting together a long term wealth management plan. In fact, 42% of millennials report having no retirement savings at all.
But contrary to what the Wall Street Journal tells you, millennials aren’t the only ones with fi (more…)
Digital marketing is quickly taking over the marketing industry. More and more businesses are creating a presence on the internet. They are using email to communicate and target new customers. They are interacting with current customers on the different social media platforms. Business advertisements are going out through email, sponsored social media, and text messages. In fact, some businesses have entirely moved to an online marketing platform. Although digital marketing is a great way to achieve brand awareness and target new customers, how can you encourage them to make that move into the actual physical business location?
The biggest challenge of online marketing
Perhaps the biggest challenge of online marketing is that you still have to find a way to bring the custom (more…)
As you prepare to embark on this new adventure, there are three businesses for sale that you are considering. Although you have been weighing the options for the last three months, you and your husband have given yourself until the end of July to make a final decision. Buying the right business is the goal, as you are looking for an investment to keep you busy until you retire full time.
Business Choice One. This small gift boutique has been in its current location for the last 15 years, but it has only recently been profitable. The original owner mostly used the location as an art studio where she could do her painting, but she also sold a few things on the side. Not in need of an in (more…)
Though more and more people are using debit and credit cards for their purchases these days, plenty of people still use cash. And businesses need a way to handle and manage that cash. There are a number of strategies including cash management software.
Cash management software has a number of different uses. It can help you track the amount of cash that is being used for purchases in your business, giving you a window into how people pay. For example, if you see that a small amount of your purchases are coming from cash, you might offer discounts to those who pay with cash to discourage them from using credit cards, which come with merchant fees.
Cash management sof (more…)
Middle market companies are those that have revenues between $5-500 million. Owners of middle market companies may not be aware of when they should sell. If you sell too early you could miss out on larger profits, while selling too late could mean none. In this post, you will learn four major signs it?s time to sell a company.
- You Feel Extremely Burned Out: Your health should always come before your business. It is normal to feel those occasional moments of stress and worry. However, if your health is started to become impacted by a business, it?s time to sell. In some cases, entrepreneurs may find themselves in multiple industries throughout their lives. If you find running your business has now become a burden, selling it could very well save your health. A corporate finance com (more…)
For the past decade more and more firms are requiring the need for companies that offer medical record retrieval services. Law offices, legal institutions and more seem to have an endless need for these kinds of services and have outsourced them to several companies that provides it. Hiring a company that offers online medical record services allows the law firms and legal entities to focus more on their general business and not have to worry about performing a task that may not require their skills or is a major part of their job function.
Regardless of your company size, whether you own a very small law firm or a manage a huge medical facility, outsourcing these kinds of (more…)
The American market has seen a number of small businesses rise over the past several years, utilizing social media and the web to create a successful business. Over time many of these businesses will expand to a point where they are unable to handle everything in-house. While many may be reluctant to consider outsourcing a service for their business, studies suggest it could actually be the best way to expand your business.
The Toil of the Small Business Owner
A great majority of small businesses handle their payroll in house. This means that they are tasked with responsibilities such as totaling hours, performing gross-to-net calculations for every employee, calculating and depositing payroll taxes, and preparing and filing tax returns accurately and on time. All of this (more…)
Generally speaking, when a person thinks about their finances and how they manage them, they tend to focus on how well their investments have done when they are compared the broader market. Recent research has shown that there is another consideration that you should be thinking about that will help with your investment firm: sec investment advisers or financial advisers. Unfortunately, how our investments preform is pretty much entirely out of our control because how they have done in the past is not a very good indication of how they will do in the future. However, who your sec investment adviser is and any (more…)
Starting a business is not just complicated, it?s expensive. That?s why start-ups and small businesses have the option to finance their venture with small business 7a loans. If you?re in the hotels or restaurant industry, starting a daycare center, or opening up a nursing home and need help on the financial end, this article is for you.
What is an SBA 7a loan?
The Small Business Administration (SBA) is a U.S. government agency that provides support to small businesses and entrepreneurs. The 7a Loan Program helps these businesses obtain loans from participating lending institutions.
Who is eligible for a 7a loan?
Most businesses are considered eligible for financial assistance from the S (more…)
Home Loan Online
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U.S. household net worth reached a record $96.2 trillion in the second quarter, the Fed reported, but, if households are feeling flush, they aren’t [...]
While 36% of the people that purchase cars are able to do so outright, others are not in the position to do so. When people have good credit, they are able to finance their vehicle purchases more easily. Recent figures indicate that this applies to approximately 43% of individuals that have recently purchased cars. Car […]
Managing money is complicated. Between corporate 401k plan management, personal retirement accounts, rules about withdrawals, and differences between a 401k and 403b, it’s easy to see how people can throw their hands up in the air. Even if you feel that way, fight through it. Your money is important, and you’ve earned it. Millennials have […]
Digital marketing is quickly taking over the marketing industry. More and more businesses are creating a presence on the internet. They are using email to communicate and target new customers. They are interacting with current customers on the different social media platforms. Business advertisements are going out through email, sponsored social media, and text messages. […]