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Senior U.S. lawmakers launched an assault on Thursday on the centrepiece of the Obama administration's financial reform plan -- giving the Federal Reserve new powers to police broad risks in the economy. Skip related content

In addition to handling monetary policy, under the Obama plan the Fed would regulate "systemic risk" and try to prevent future financial crises, working with an inter-agency council.

"The Federal Reserve system was not designed to carry out the systemic risk oversight mission the administration proposes to give it," Senator Richard Shelby, the top Republican on the U.S. Senate Banking Committee, said at a hearing.
Concluding that the Fed is better qualified than any other government agency to handle such a job "represents a grossly inflated view of the Fed's expertise," Shelby said, reflecting the rapid spread of 'Fed fatigue' on Capitol Hill.
A day after President Barack Obama unveiled his plan, Treasury Secretary Timothy Geithner was defending it in testimony before the banking committee in the first of more than a dozen hearings before Congress by mid-July.

Other points of contention emerged during the session, including a proposal for establishing a consumer financial product safety agency and the administration's decision not to pursue more streamlining of bank supervisors.

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Applying for a business loan can be very difficult if you have poor credit. Most lenders prefer clients with good to excellent credit history because they are considered as low risk borrowers. Nevertheless, because there is a big market for bad credit loans, some lenders are willing to extend new credit even to those with poor credit scores.

Secured and unsecured Bad credit Loans

A bad credit loan can be secured or unsecured. Secured bad credit loans are those that require collateral to make up for the applicant’s bad credit. In this case, the property submitted acts as a guarantee for the lender in case the borrower fails to keep up with his payments.

On the other hand, unsecured loans for businesses with bad credit can be acquired without submitting any form of collateral but with higher interest charges. For those who do not have a property to submit or who do not want to put their homes on the line, an unsecured bad credit loan is an option.

Repayment terms range from 1 year to 30 years depending on the amount loaned and the lender. Ideally, a bad credit loan with a fixed rate of interest and a longer term is a better choice especially for those with bad credit. A longer repayment term would mean a lower monthly payment and a fixed interest gives you the security that your payments would remain the same despite changes in the Prime Rate.

Benefits of a Poor Credit Business Loan

What benefits can you get from acquiring a poor credit business loan? First of all, it gives you the opportunity to obtain the funds you need for the development or enhancement of your business. Although these loans come with higher rates, you can still get the cash you need right when you need it.

Another benefit is the chance to improve or repair your damaged credit history. After getting approved on your loan, you can prove your credit worthiness by timely submitting your payments. After about 6 months of consistent payment, you should be able to see a progress in your credit score. More importantly, improving your credit history would also enable you to qualify for loans with lower interest rate and better deals in the future.

Consequences of a Poor Credit Business Loan

Bad credit loans do offer a great opportunity for business owners. However, before deciding to apply for a secured or an unsecured poor credit loan, it’s crucial to be sure that you can keep up with your payments. Defaulting on your poor credit business loan would only hurt your credit history even more. Aside from this, you’ll be jeopardizing the business since it would be very difficult to get approved for another business loan.

Do not sign up for any type of loan without taking the time to read and understand the complete terms and conditions of your lender. See to it that there are no hidden costs that can make repayment more difficult for you. Lastly, borrow only a realistic amount that you need for your business and use the money with care and discretion.

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WASHINGTON (AP)--It's an end of an era for the thousands of college students who rely on MasterCard or Visa to get them through tight times.

Under a new law awaiting President Barack Obama's signature, credit card companies will be prohibited from giving cards to people under 21, unless they can prove they have the means to repay the debt or a parent or guardian co-signs for the loan.

Congress passed the bill this week, and Obama was expected to sign it into law Friday. The changes will go into effect in nine months.

"The hope is that when they spend, they'll spend under better terms and there'll be fewer traps for them," said Pedro de la Torre, a spokesman for Campus Progress, a progressive group in Washington that tracks issues affecting young people.

Congress is hoping to break a vicious cycle: A cardholder falls behind in paying the bill and watches helplessly as the interest rate spikes on the existing balance. Buried in higher rates and late fees, the cardholder spend less, which hurts local businesses.

College students are particularly vulnerable.

According to Campus Progress, aggressive marketing by the card companies and multimillion-dollar agreements with universities have presented young people with ample opportunities to borrow money they can't repay. College seniors with credit cards are graduating with an average balance of $4,100, a 41 percent increase in the past five years, the group says.

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Equipment Lease for Start Up Businesses

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Equipment leasing is indeed an ideal option for many businesses especially those who have insufficient working capital to start with. About more than 30% of businesses in the US has already resorted to equipment lease financing to support their needs. However, the success of equipment leasing also depends on choosing the right equipment leasing company.
Some businesses may think that finding a leasing company with low leasing rates is a guarantee of an excellent lease provider. But this isn’t always the case. Although it is important to shop around for rates and consider leasing companies that offer good rates, this factor alone is not enough to ensure that you’ll getting a reliable lease provider. How can you choose the right equipment leasing company from a number of choices?

Making the Right Choice

Extensive research on your part as the lessee is needed to ensure that you’ll be working with the right lessor. One of the first things you should look for in an equipment leasing company is the willingness of its staff to answer your questions. You can only learn as much information as you can if the leasing company gives you sufficient answer.

A leasing company that offers unbelievably low rates may charge you with unexpected fees once you’ve signed up for the lease. Thus, it is crucial to be aware about the leasing company’s payment policies. You should know what exact payments you’ll be responsible for before signing any agreement.

Make sure that you understand the pricing terms of the lessor, the different leasing types they offer, your options as a lessee, and what types of equipment are accepted. Be wary about leasing firms which refuses to give the exact details about their company, or policies, or gives vague explanations to your inquiries especially with issues regarding payment.

It is also important to know that leasing companies differ in the services they provide. For instance, there are leasing companies that specialize on heavy equipment. Some leasing companies only cater to specific industries such as agriculture, transportation, health care, and other fields of business. It will save your time and effort if you narrow down your list of choices to equipment leasing companies that specifically caters to the nature of your business.

Leasing companies can be owned by a financial company, a banking institution, or independent leasing firms. You can find more independent lessors or small leasing firms in the market than larger equipment leasing firms. Don’t try to overlook these companies just because they’re small. The important thing is to check on the company’s background and reputation.

You can start your search for an equipment leasing company by getting recommendations from your friends or relatives who are knowledgeable in the business industry. You can also seek advice from your lawyer, your business accountant, and other professionals. If you know other business owner or entrepreneurs, ask them about an equipment leasing company they would endorse. The internet is also a great place to search for possible lessors. Just remember, take the time to research about the company and make sure that you understand what you’re dealing with before submitting that leasing application.

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As you were: oil, the dollar, inflation

Almost all reality-based economists in the US, whatever their ideology, agree that the US Treasury and the Federal Reserve are wrong in their policies to bail out insolvent US banks. They argue that the US Treasury and the Federal Reserve have made a hugely damaging mistake not forcing insolvent Wall Street quasi-non-governmental entities (quangos) like Goldman Sachs, Citigroup, Bank of America and J.P.Morgan into receivership. Instead the Federal Reserve has bailed out the quango-banks in an apparent effort to return things to how they were before the crash-.
Those quango outfits have benefited from trillions of dollars of government support from the Term Auction Facility opened at the end of 2007 through the Term Securities Lending Facility early in 2008 right up to the Troubled Assets Relief Program in the fall of that year. The sales pitch for all the trillions was that the banks needed such massive support so as to be able to lend in the real economy again.

Given the complete absence of meaningful conditionalities, that was a deliberately disingenuous forlorn hope. Those banks are still not lending liberally in their country's real economy. In addition the whole process definitely means that the Federal Reserve's balance sheet categorically does not give a true and fair view of that body's finances. It cannot do so, because no one knows the value of the securitised derivative junk accepted as collateral from the quango banks.

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Financial resources play a crucial role in the success of every business. Without sufficient financial support, it would be very difficult for a business to survive in the industry. Fortunately, commercial business loans are available for all aspiring entrepreneurs who need funding assistance particularly in starting up the business.

What do you need to know about commercial business loans? Is it really necessary to obtain a commercial loan even if you already have your own funds? What are the advantages about obtaining commercial business loans? Let’s answer these questions one at a time.

Benefits of A Commercial Business Loan

What is the advantage of taking out a commercial business loan? Primarily, a business loan enables a new entrepreneur to bring those brilliant business ideas to life immediately. Having available funds prepared makes it easy to execute business plans without delays. A commercial business loan is a traditional financing assistance that has been used and proven by successful business owners around the world.

It is important to remember that you can’t expect to see profits or enjoy profits immediately after opening up your business. You may need to wait a few months before your business can establish its footing in the market. If you think that a small budget is enough to start a business, you’ll soon have to learn that you’ll encounter financial challenges as you run the business. With a commercial business loan to back you up, you can be assured that you have a reliable financing resource by your side.

Applying for a commercial business loan

Generally, commercial business loan lenders require a business plan to be submitted by their applicants. If you haven’t created your business plan yet, you should start making one before applying for a business loan. What information should you include in your business plan? A business plan is an outline that tells the nature of the business, the type of business you own, the products and services you offer, your target market, your current financial standing, and other details about your business accounting. Your business plan often determines whether your proposed loan would be granted or not.

Commercial business loans often require that collateral be submitted as a security for the loan. Your home property, assets or commercial property can be submitted as a security for the money you borrowed. And since your property is on the line, every business owner must take his payment obligations seriously.

A bad credit history or low credit score can cause a rejection of your business loan application. There are commercial business lenders who offer loans for bad credit but they usually come with higher interest rates and costs. Thus, applicants with good to excellent credit scores can expect to have better deals when applying for a commercial business loan.

Upon approval of your commercial business loan, be prepared to take on your payment obligations. Don’t forget that the success of your business depends on how well you keep up with your payments to your lenders.

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Leasing equipment is a practical option for any type of business. Business equipment which can be leased ranges from a simple cash registry to more complex types of machineries; from a regular car to large trucks and vehicles. Although, the procedures in obtaining business lease can be easy, there are some things you must consider before submitting your application.

Here are the factors that affect your approval when leasing business equipment.

How’s your credit status? Large corporations and companies who have been in the business for some time will not have a problem getting approved. But if you’ve just started up your business, you would need to have a good credit report to back you up. If you have a low credit score and have just started up your business, you may have a hard time getting an approval. Thus, it is always recommended to check on your credit report and do the necessary steps to increase your rating before submitting an application for equipment lease. If you already have a separate account for your business, make sure that you don’t have any outstanding balances with other creditors.

Have your documents ready. Generally, all business equipment leasing companies will require documentations on the types of equipment you need, the nature of your business, your credit history, business partners, and references in the business.

When it comes to references, it is better to provide as much references as possible to your lessor because it proves your credibility and ability to pay as a business. To be on the safe side, make sure that you did not have past conflicts with the references you will include even if these conflicts have already been settled. Past conflicts can also create a negative impression. Preparing for these documents in advance will save an enormous time with the processing of your application for equipment leasing.

Shop around for rates. Leasing companies do give free quotes on their services. Make sure that you take several leasing companies into consideration before choosing one. Knowing the rates offered by different companies will give you a more accurate idea on how much you should ask when negotiating with your chosen lessor.

Examine your business’s financial status. Look through your business account and study carefully the status of your finances. Give special attention to how your existing loans and if you’ve been able to keep up with all your payments. This will help you decide which leasing terms and which type of equipment will be best for the current status of your business.

Seek legal advice. When signing up for a contract, it is best to seek advice and assistance from a credible attorney to take a look at the legality and validity of the leasing contract. Remember that a contract binds you to your obligations on all terms that you’ve signed. Taking this extra step even if you’re rushing to obtain your equipment lease will ensure that you will not have any serious problem in the future.

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Cali Find It has just launched a new site that aims to be a valuable resource to the local businesses and communities of California. The site offers a comprehensive local business directory that utilizes S.M.A.R.T. technology to simplify searches while accommodating cellular phones and PDAs with touch screen technology. There are numerous social networking, video and gaming functions that encourage visitors to return often.
Los Angeles, CA (PRWEB) May 15, 2009 -- Cali Find It has launched a dynamic website that serves as a comprehensive local business directory, social networking platform and guide to local events and attractions in Los Angeles County. The site, www.CaliFindIt.com, offers advertisers a unique and cost effective solution to their marketing needs.
Business owners who become advertising partners are given a plethora of valuable business tools as well as exclusive positioning within the directory. The business directory showcases only sixteen businesses within any given category, offering these businesses increased exposure. A talented graphics team beautifully designs the ads and businesses have the option of uploading coupons and linking directly to their own website if they have one. Cali Find It offers various advertising co-ops that allows small business owners to compete with big budget businesses in radio, TV and newspaper campaigns.

There are also numerous business tools offered to advertisers including promotional giveaways, a free customizable website for businesses who do not have any online presence, and many more tools that offer advertisers an immediate return on investment. Additionally, Cali Find It can produce video commercials for members and distribute those commercials throughout the Internet.

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If you have plans to apply for business equipment leasing, read on the following tips on how you can get a fast approval from your equipment leasing application:

Prepare all necessary documentations.  Don’t waste your time looking for the required documentations just when the leasing company is already asking for it.  Know in advance which types of documents are needed even before you submit your leasing application. 

Generally, you’ll need to prepare a business plan, a history of your company, description of your business, a list of the equipment you wish to lease, your credit report, references for your business, etc.  Your business plan should include your projected expenses, earnings and lease payments in case you obtain approval for your leasing. 

It will also save you a lot of time if you let a Certified Public Accountant prepare a financial statement for the past years of your business.  To be sure, you can call your prospective leasing company and ask the exact details about the paperworks needed.

Request and review possible quotes.  Consider all your options before choosing a particular leasing company.  Make sure that you’ll get the best rates by requesting for possible quotes and reviewing each one carefully.  This will help you compile your equipment leasing request better.

Provide a number of credible references.  Leasing companies appreciate it more if you give as many references as possible.  Don’t include former clients if you have a history of conflict or complaints with them.  Even if the matter has already been resolved, it can still have a negative impact to your business’s name.  This shows your capability to pay and sincerity as a borrower.  Don’t forget to provide the name, complete address and contact number of your references.

Have an attorney review the contract.  Don’t sign up anything without having an expert have a look at the stipulations of your contract.  Remember that any signed agreement is obligatory and you will not want to be bounded with unreasonable terms just because you did not check the document when you signed it.

Check your business’s credit history.  Make sure that your business account is free from past due debts and conflicts from any creditor.  You need a good credit status if you want to get a fast and easy approval.  If your business has just started, make sure that your personal credit history is excellent and impressive.  If you have present problems with your credit report, do the necessary actions first to improve your credit status.

Consider paying through ACH Debiting.  ACH Debiting is an arrangement between you,  your bank and your leasing company where your lease payments are automatically deducted from your account each month.  This type of arrangement is ideal because it prevents the possibility of delaying or missing your payment dues.

As much as possible, make way for actions that will enhance your credit.  You can enhance your credit status by obtaining more assets and investing in bonds or stocks.  These will greatly boost your credit rating and make it easy for leasing companies to grant you approval.

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The latest rumor on Twitter is that Apple has designs to buy up the microblogging service for $700 million. On one hand, Apple's pockets are presently brimming with cash, and the reported figure would represent a handsome payout for the young company. On the other hand, the two businesses are very different, and the benefits Twitter may offer Apple aren't especially clear.

Evidence is building that Twitter is the new mainstream cultural darling. There was the Ashton Kutcher/CNN follower smackdown, Oprah shouting from the bandwagon (thanks to her all-caps first tweet), and an episode of ABC's "Brothers and Sisters" wherein Rachel Griffith's character needed venture capital for her startup, but let slip during a meeting with potential investors that "I didn't know what Twitter was."

Does all this new pop culture street cred, however, add up to a US$700 million price tag for the microblogging company? A Tuesday post on the blog Valleywag mentions that number and cites a source who claims Apple (Nasdaq: AAPL) is in serious negotiations to buy Twitter.
Both sides are reportedly hoping to announce a deal by the time Apple's Worldwide Developer Conference begins in June. However, tech reporters, media observers and the blogosphere are wasting little time dissecting a potential deal, trying to find value for Apple in a company that's white-hot with publicity and packs an estimated 22 million users but has so far found no profitable business model.
Valleywag points to an iPhone app mashup, but there are already multitudes of third-party developers providing that service to Apple's App Store. Why buy the Twitter bird when you're already getting the golden eggs for free?
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When applying for an equipment lease, some businesses fail to review the terms associated with leasing.  Usually, a business is in need of a set equipment to immediately start production or manufacturing.  Rushing to get an approval, signing a contract can be taken for granted as long as the lease has been approved.

Let’s discuss the most common mistakes that businesses make when obtaining equipment lease.

Very short contract of agreement.  A contract of agreement should contain all the terms and obligations that apply to your equipment leasing.  It should clearly stipulate all conditions that have been agreed upon by you and the equipment leasing company.  If the contract of agreement is very short, terms may not be clearly explained and some matters may be left unaddressed

For instance, issues about the software transaction may be left unclear.  Since some equipment requires software installation and support, you need to be clear about this in order to avoid future misunderstandings.  Another issue that should also be included in the contract is with regards to certain provisions if in case the company goes out of business.  Because all these matters are important, a contract needs to be complete, clear and unmistakable.

Details about the performance of the equipment.  As the borrower, you need to make sure that the equipment you will obtain will be capable of handling your workload.  These details must also be contained in the contract as this will serve as your protection against unsatisfactory equipment performance.

The question of support and accountability.  It is the duty of a leasing company to provide support for its customers.  However, if the exact responsibilities are not clearly defined, this may cause some problems after the leasing contract has been signed.  It is possible that the leasing company will not provide the support you need or pass this responsibility to someone else.

Think about your long term goal.  When leasing equipment, some businesses forget to think about what types of equipment will be able to support them for a longer term.  Instead, businesses often make the mistake of leasing pieces of equipment that will help them start up or launch a new project.  To get the best results, consider the long term goals of your business when choosing the pieces of equipment you wish to lease.

Miscommunication.  Any type of deal requires open communications from both parties.  Without clear communication, there is a greater tendency that conflicts will arise sooner or later.

Not seeking legal advice.  Seeking advice from a legal consultant or an attorney is often overlooked by businesses, especially small businesses applying for lease.  Although an attorney may cost additional fee, it will still work to your advantage.  An attorney can guarantee that all terms and conditions that you will be signing are reasonable and satisfactory.

These are just some of the most common mistakes that businesses commit when leasing equipment.  These can be avoided by taking the extra time to check and understand the contract before signing.  Doing so can save your business from possible problems in the future.

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Equipment Financing For Start Up Businesses

A floor worker gives a final cleaning at the Pontiac Solstice exhibit at the New York International Auto Show April 8, 2009 in New York. Struggling automaker General Motors (GM), maker of the Pontiac line, is preparing to discontinue the popular brand of automobiles, according to media reports on April 24, 2009. (AFP/Stan Honda/FILES / April 24, 2009)


General Motors Corp., facing the threat of a bankruptcy filing if it can't meet a June 1 U.S. deadline, will preserve the GMC truck line and drop its 83-year-old Pontiac brand as part of a government-led recalibration of its business plan, people familiar with the decision said.

The Detroit automaker, which received an additional $2 billion in federal assistance on April 22, will keep the GMC, Chevrolet, Cadillac and Buick brands, after a review with the Obama administration's automotive task force, said the people, who asked not to be named because the decisions have not been announced. GM may reveal next week the end of the make that produced the Grand Prix, Bonneville and Firebirds, they said.

"I hate to see these brands go, they are a part of the American experience," said John Wolkonowicz, a forecaster and auto historian at IHS Global Insight Inc. in Lexington, Massachusetts. "If you were growing up in the 1960s, Pontiac was the hottest thing going."

Pontiac spawned the 'muscle car' era in 1964 when it stuffed a 389-cubic-inch V8 engine into a Tempest and called it the GTO. Killing the brand highlights the changes GM is being forced to make to survive in its second century of carmaking.

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There are several methods of business financing that are available to businesses today.  One of them is applying for a small business line of credit.  What is a business line of credit and how does it work?  Should you use a line credit to fund your business?  If so, what important points should you consider before submitting your loan application?

Line of Credit for Businesses

Lines of credit are loans that are used particularly for business expenses.  Business owners with home properties and who want to apply for a business line of credit submit their homes as collateral.  This type of loan is usually not given as a lump sum payment or a one-time payment but instead, is taken in installments.  This means, any time throughout your loan’s term, you can take out cash advances from your lender.  Take note that the amount of loan you can borrow will depend on the value of the collateral you submitted. 

What benefits can you get from a business line of credit?  As your business grows, expenditures will also increase and a bigger budget would be necessary.  Therefore, having a stable source of financing is crucial to the growth of your business.   A line of credit gives you the assurance that you can take out the cash you need at any time.

What are the requirements for a business line of credit?  Generally, lending companies require that a business must have already been established and must be in operations for at least two years.  A good or excellent business credit history can also qualify an entrepreneur to lower interest rates and the best deals. 

Important Points to Consider About Business Line of Credit

Before applying for a line of credit, a business owner must carefully examine his plans and financial situation.  Are you really ready to take on a loan or a new credit?  To what specific purposes or expenses will the money be used?  Exactly how much money does the business need at the moment?  More importantly, have you created a repayment plan to ensure that you can keep up with your loan payments?

Unfortunately, some businesses did not utilize their funds efficiently and instead of achieving growth, overspending or mismanagement has led to failure.  Hence, after getting approved for a loan, you should also be prepared to take on your payment responsibilities.  Remember that a line of credit is guaranteed using your home and missing payments puts you at risk of losing the property you’ve submitted to your lender.

Ultimately, this business financing method is indeed a viable choice for small businesses and home based business owners.  However, business owners must be realistic about their plans and goals for their business and take things one step at a time. Even with a business line of credit, it is still a must to pay close attention to where and how you spend your finances.  Make sure that every cent of your loan is spent for the enhancement and growth of your business.
 

Read More  Why Consider Obtaining a Small Business Line of Credit

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The number of newly laid off US workers filing claims for unemployment aid rose last week and sales of previously owned homes fell in March.
First-time claims for jobless benefits rose 27,000 to 640,000 last week, the Labour Department said.
In addition, the number of people still claiming benefits after an initial week of aid jumped 93,000 to a record 6.14 million in the week ended April 11. It was the 14th straight week in which "continued" claims hit a record high.
While initial filings rose, analysts noted they remained below the 26½ year high of 674,000 hit in late March, suggesting a moderation in the pace of economic decline.

"That number is supportive of the argument that we are stabilizing a little bit, but it does not mean we are at a point where we're going to start recovering any time soon," said Omair Sharif, economist at RBS Greenwich Capital in Greenwich, Connecticut.

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Equipment Lease Financing

If you’ve just ventured into the world of business, equipment leasing may be a new thing for you. The fact is, this type of business financing has long been used by many successful businesses in the industry. Both big companies and small enterprises turn to equipment leasing to bring their business ideas to life at a minimal cost.

A wide variety of equipment, machinery, vehicles and special building tools are available for leasing. In this article, let’s discuss the benefits of leasing business equipment as compared to purchasing.

Why Lease Business Equipment

100% business financing. No down payment is required for you to be able to lease equipment or vehicles. Imagine not paying the down payment and using the money instead on other needs of your business.

Free your working capital. Leasing frees up your funds while purchasing ties up your budget on the purchased equipment. There is no need to shell out a huge amount of investment to buy machines or vehicles needed to start the business operations. This is why, equipment leasing gives new entrepreneurs the chance to start right away even with a limited budget.

For growing businesses, leasing enables you to push through expansion projects even if the working capital is still stuck as unpaid invoices. There is no need to wait for your accounts receivables to get paid to obtain additional equipment or vehicles.

Eliminate obsolescence. Machines, equipment and vehicles can get obsolete or phased out from the market at any time. Leasing gives business owners the opportunity to replace their old equipment with new ones at any time during their lease term without worrying about the cost. Obviously, if you purchased your equipment or vehicles, you can’t enjoy the freedom to replace them for better ones unless you have an excess budget.

Get access to state-of-the-art technology. Even newly start-up businesses can compete with established companies by using the best equipment in the market. Since the devices are “leased” or “rented” in installments, business owners can opt to obtain the latest in technology even with a small budget.

Enjoy tax benefits. Business equipment leasing gives business owners the chance to enjoy tax privileges. Many business equipment leasing companies offer programs designed to assist business owners especially with regards to their leasing tax privileges.

Lower monthly costs mean more profit. Most small business owners prefer the monthly mode of payment when leasing business equipment. This way, the leasing costs are considered as operating costs instead of a one-time investment. Monthly expenses can be balanced and funds can be distributed accordingly so the business can enjoy more profit.

Fast and easy process. Business equipment leasing doesn’t involve complicated processing. As long as you can fulfill the requirements of your chosen leasing company, you can get approved within the same day of submitting your lease application and complete processing your orders in a maximum of 4 weeks. If you still prefer to get a loan, leasing can help you get started immediately while you’re waiting for your bank loan to get approved or while waiting for your funds to be released.

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Last week the teams played twice, first in a meaningless game after both had qualified for the gold medal game at the women's world championship in Finland. The Canadian team won that game, 2-1. In the rematch, this time for the world title, Team USA had the most firepower, defeating the Canadians 4-1.

Goalie Jessie Vetter, continuing her momentum from an outstanding final season at the University of Wisconsin (where she helped the Badgers to the NCAA title and earned the Patty Kazmaier Award as the best women's college hockey player) stopped 39 shots in the championship game. For her work in stopping 55 of 56 shots in the tournament, Vetter earns this week's USA TODAY Olympic Athlete of the Week award.

Vetter was aided on the offensive end in the final by defenseman Caitlin Cahow, who scored a pair of goals and was named the player of the game. Kacey Bellamy, Julie Chu and Hilary Knight were named the top U.S. players of the tournament. Chu led the tournament with five goals. Backup goalie Molly Schaus successfully handled 46 of 48 shots.

From USA Today

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The tough challenge of financing a business isn’t just met by new companies.  Even established businesses can face the same challenges especially when it comes to business financing.  In this article, let’s talk about a business financing method that can help both old and new businesses.  This financing option is known as business equipment leasing.

What is Business Equipment Leasing?

Whether you are a new business entrepreneur or running a growing business, there is no doubt that you’ll need machinery and vehicles to start your business operations or enhance the performance of your company. 

Business equipment and vehicles can eat up a very large portion of your business budget and if you’re on a limited budget, purchasing may not be a possible option at all.  That’s where business equipment leasing comes in.  By leasing business equipment, a business owner can reduce a significant percentage of costs and save the available budget for other important business costs.

What types of equipment can be leased?  Any type of device, machinery, or business equipment can be leased- from computers, printers to special manufacturing devices.  Even vehicles such as delivery vans, trucks, trailers, etc can be leased.  Many leasing companies offer service for all types of businesses-regardless of what type of products or services you offer or to which industry your company belongs.

Leasing business equipment is also referred to as “renting equipment”.  Instead of purchasing and submitting a one-time lump sum payment, a business owner is given the chance to “lease” or “rent” the equipment or vehicles needed and submit payment in installments.  Leasing companies offer a variety of payment options such as monthly, quarterly, and yearly payment mode.  Furthermore, leasing business equipment does not require a down payment nor additional tax fees.

More Reasons to Lease Your Business Equipment

Aside from cheaper costs of leasing business equipment, there are other advantages.  For instance, whether you’re a small business or a big business, you can obtain state-of-the-art equipment at an affordable cost.  Consequently, being able to use the latest equipment available will give any business the edge to be more competent in the market.

Equipment leasing eliminates the risk of obsolescence.  When you lease, you can request to replace your equipment for a new one at any time without worrying about costs.  On the contrary, purchasing calls for big investment so your money is tied up to the equipment you bought.  If you purchase equipment, getting a replacement is not a very practical option unless you have excess funds or the equipment gets broken.

The process of business equipment leasing is also quick and convenient.  Some business owners apply for a business loan to get the necessary funds for purchasing equipment but this option involves a much longer waiting time.  With leasing, a business owner can expect to receive the devices or vehicles ordered within a 2 to 4 weeks processing time.

Whether you have plans to expand your company or to start your very own small business, equipment leasing is surely worth considering.  Grab the chance to set up your business or see your business grow at the most minimal cost possible through this tried and tested method of business financing.

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Its new 4,000-strong Business Analytics & Optimization Services will mine IBM's research and software divisions for innovations

In IBM's biggest foray in business consulting since it acquired PricewaterhouseCoopers Consulting in 2002, the company announced on Apr. 14 that it is setting up a 4,000-person organization focused on helping corporations analyze data better and make smarter decisions. The consultants will mine IBM's research and software divisions for innovations. They'll also incorporate products from other companies.

The new business unit, IBM Business Analytics & Optimization Services, is the brainchild of Frank Kern, who ran IBM's sales force until January, when he was shifted to lead the $19.6 billion Global Business Services division. "We're at the beginning of a new wave," Kern says. "We're beginning to instrument the world, but we have to take the data and analyze it to make a better bank, a better electric utility, a better planet."

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Every business owner is aware of just how important sufficient working capital is.  Every business is confronted with expenses each day and without a working capital, the performance of the business can be affected or daily operations can be put to a halt.  Therefore, where can you find the needed assistance for your business cash flow?

Your Working Capital and Equipment Leasing

Many businesses started with only a limited budget and if you’re one of them, equipment leasing is definitely an option worth considering.  Equipment leasing is a business financing method which helps a business obtain the necessary equipment, vehicles or machinery it needs to start operating.  Generally, leasing is paid in monthly installments so even with limited funds, a business can already begin its production without the need to purchase new equipment.

How does leasing help in keeping a sufficient working capital for your business?  We all know that the cost of equipment and machines can be very expensive.  Purchasing these essentials can eat up a very large portion of your budget.  On the contrary, since you don’t have to buy equipment, you can save the money you have for your day-to-day expenses.

What About Working Capital Loans

Aside from leasing equipment, you can also consider acquiring a working capital loan for additional funding.  Unlike traditional business loans, working capital loans or fast business loans are especially designed to meet a business’s short term financial needs.  The money you loaned can be used in purchasing supplies or inventory, paying your workers, marketing your business, and paying your daily expenses. 

What are the requirements to qualify for a working capital loan?  In the past, these loans do require collateral just like bank loans.  Nowadays, most lending companies who offer these types of business loans do not require any security at all.  As long as you can present a good or excellent credit history, a fast approval of your loan application can be expected.  Unlike bank loans that take weeks or even a month to complete, working capital loans can be processed within just a few days upon approval.

Working Capital Loans and Bad Credit History

But what if you have bad credit?  You’ll be glad to know that there are some lenders who are willing to provide working capital loans even with bad credit.  Is there a catch?  As long as you make sure that the lending company is legitimate and reliable, the only thing you need to watch out for are the interest rates. 

Because of your bad credit, you are considered as a high-risk borrower and therefore, lenders are expected to impose higher rates on your loan.  Thus, if you want to apply for a bad credit working capital loan, it is crucial to set-up a repayment plan to be sure that you can keep up with your monthly payments and avoid additional charges that you may incur. 

Take note that working capital loans are short-term business financing options.  They are not meant to be used to execute your long term plans for your business.  Yes, these loans can be obtained more easily and quickly but remember that you’re also expected to pay the off at the soonest time.

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