Money – Center For Economics And Society http://www.cires-ci.org Covering the finance world Mon, 16 Oct 2017 21:47:47 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.6 https://i2.wp.com/www.cires-ci.org/wp-content/uploads/2016/03/cropped-icon-1.png?fit=32%2C32 Money – Center For Economics And Society http://www.cires-ci.org 32 32 108313924 Merchant Money Business Finance Providers http://www.cires-ci.org/merchant-money-business-finance-providers/ Sat, 06 May 2017 17:25:48 +0000 http://www.cires-ci.org/?p=102 Read More ...]]>

Businesses across the UK, particularly the Small and Medium Enterprises (SMEs) looking to expand their operation have nothing to worry about. Merchant Money is a lending institution with a difference providing short-term and unsecured loans to businesses. The entity has competitive prices and flexible terms but still offers premium services, unlike other banks. Many businesses are looking for the Alternative business finance solutions. The following are what makes Merchant Money different from other lending institutions:

Features

Approval process within a day

ggfgfgfgfgfgfgfIf you need a short-term loan for your business, just come to Merchant Money, and they will give you the provisional answer within twenty minutes. The final approval process will last for only 24 hours. After this simple procedure, they money requested will hit your bank account in two hours immediately.

Flexible terms of loan

Merchant Money offers the most flexible loan terms you can ever find on the market. They provide a period ranging from one to twenty-four months for repayment of advances or unsecured loans of up to £50,000. The lending institution has a provision to agree with you on the loan terms, customized to your ability to repay quickly as well as to your credit profile. If you have concerns about short-term cash flow, Merchant Money provides you with an “interest only” introductory period.

Lack of early settlement fee

Should you opt to repay your loan earlier than stipulated in the agreement; the institution will not charge you any penalties or fees. You are free to pay more money into your account, but the bank will only deduct the interest in addition to the amount of the outstanding loan. It is advantageous for SMEs who are still struggling with cash flows because there are no extra costs.

Focus on business growth

The business finance provider is more of an investor than a lender because it collaborates with your business to oversee its growth from SME to a major business. For this reason, Merchant Money funds you to hire new talent, expand production, and to obtain stock at a discount with the ultimate goal of seeing you growing.

Technology

The lending institution has combined copyrighted high-tech risk evaluation with high-touch personal assessment technology to predict the success of your business efficiently and quickly. It enables them to understand the strength of your business instantly.

Prompt application

gfgfgfgfgfgfMerchant Money has an online application platform that is straightforward and automated to allow you apply in minutes as well as enabling the making of quick decisions. The web policy makes it possible for immediate transfer of payment after approval.
There is no need to pay any application or obligations charges. Just give some details about your business, and the Merchant Money will work on transferring the funds into your account.

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Banks and the safety of your money http://www.cires-ci.org/banks-and-the-safety-of-your-money/ Sun, 01 Jan 2017 04:01:09 +0000 http://www.cires-ci.org/?p=64 Read More ...]]>

The economy in the US is not the best these days, and we all need to be extra cautious when handling our finances. Many individuals rely on banks and other financial institutions for many of their financial services. Savings accounts, loans, and credit cards are among the biggest products that customers of a bank use today. However, with the current nature of things you may want to make some changes including cancel wells fargo accounts that you may have.

The present state of bankskbgjnvre

We all remember what happened a few years ago with the Lehman Brothers in 2008 when they filed for bankruptcy. In fact, it was one of the single largest financial scandals in the world. In more recent times the Wells Fargo Bank has been facing many problems including an investigation into its operations by the US authorities. Many people have come forward to testify against that bank which is repeatedly being accused of many wrongdoings.

How can you protect yourself?

If you hold an account with this bank, you may wish to close and move your assets to other more stable financial institutions. However, you must exercise caution, just withdrawing your money from a bank account and opening a new one in a different bank is not the best as it can affect your credit score in case you also have liabilities with the bank. The best way is to visit the branch where you maintain the account and close it officially. Any debt you have should be cleared if possible as many banks will report your credit worthiness based on the liabilities and assets that you hold in that institution.

Opening a new bank account

Opening a new account is not that difficult, but it can be advisable to open the new one and transfer the money from your old bank to the new one first. When you do this, you will not have any bad marks on your credit report later on. The last thing you want is to be denied a credit line in the future.

Choosing a bank

When you choose a bank to open a savings account, it is best to find one that has a good history of stability. You can do this by checking their assets and liabilities which should be public data. A look at an online profit and loss statement may give you a general idea, make sure the bank is big and has an excellent track record of proper governance.

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Invoice factoring and its benefits http://www.cires-ci.org/invoice-factoring-and-its-benefits/ Fri, 26 Aug 2016 11:35:56 +0000 http://www.cires-ci.org/?p=95 Read More ...]]>

Small businesses that have just started out may be faced with a lot of difficulties particularly when it comes to their finances. Office space, utility bills, salaries of employees, and production expenses are just a few of the things that they have to concern themselves with.

Contrary to the beliefs of other people, starting a business is not as easy as it sounds. It may take quite a while before you can actually start to see money coming in. But what if you don’t have enough cash on hand to finance your business? Will you go for a business loan? Or, is there an alternative?

Invoice factoring

First of all, what is Invoice Factoring? This allows a certain business company to continue with their operations and activities, as well as to expand or seek new business without worrying about how they are going to pay for the products or services that the business requires.

How does it work?

hdhd4A business will deliver products and services to a credit-worthy company and sells the invoice to a ‘factor’ – also called factoring company. The factor then pays the business company a certain percentage of the amount that is owed. After which, the invoice is sent to the credit-worthy company. Once the invoice has been paid, the factoring company will deduct a certain amount and give the remaining to the business. The money that is deducted serves as the transaction fee.

What are the benefits?

Invoice factoring benefits both the factor and the business company.

  1. Factoring company 

The invoice serves as a promise of the client that they will pay for the rendered services or delivered products. With reputable credit-worthy companies, they are somehow guaranteed a good return on investment.

  1. Business company

It is the business company’s responsibility to replenish whatever has been used to serve a certain customer in order for them to serve a new one. If they are going to wait for the old client to pay, which can take up to 90 days, then their operations may be stopped. But with invoice factoring, businesses will get the cash upfront. Hence they will be able to carry on their daily business activities.

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This is also a good way to control the amount of capital that a particular company receives. This can be used to increase production, which means that there will be more earnings for the company. Furthermore, Invoice Factoring helps increase the purchasing power of a company while improving its credit.

 

 

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