long term – Blog Campcee http://blogcampcee.com/ Tue, 29 Mar 2022 08:48:08 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://blogcampcee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png long term – Blog Campcee http://blogcampcee.com/ 32 32 Small Business Loan Options in Wyoming https://blogcampcee.com/small-business-loan-options-in-wyoming/ Thu, 17 Mar 2022 01:14:19 +0000 https://blogcampcee.com/small-business-loan-options-in-wyoming/

Entrepreneurs in the state of Wyoming may not know that they have powerful partners and business resources in the state of Cowboy.

Whether you’re looking for working capital to help grow your business or need someone to brainstorm, there are plenty of resources to help.

How a Small Business Loan Can Help Your Wyoming Business

Let’s start by looking at small business loans, which can be used to cover any expenses you have for your business.

Want to hire staff? Invest in advertising? Buy real estate or equipment? A small business loan can provide you with the cash you need to cover these expenses.

You can also use a loan to bridge a gap if your business is seasonal. Really, there is little that a small business loan is not it blanket!

Types of small business loans to choose from

If you’re new to finding small business financing, you might be surprised at all the choices available to you. There is a loan option and a lender for every business and every type of credit profile.

Term loans

Whether you want a short, medium or long term loan, there are banks, credit unions and online lenders to help you with your Wyoming business. Loans from banks tend to have the strictest criteria to qualify, and you’ll need good to excellent credit to be approved. Online lenders may have more flexible settings.

SBA Loans

The United States Small Business Administration is a division of the federal government that supports several small business loan programs. Note that the SBA is not a lender; there are banks and online lenders that are authorized to lend through the 7(a), 504, and microloan programs offered by the SBA. To learn more, visit SBA.gov.

Equipment loans

Some loans have specific purposes, and equipment loans are one example. They are used to buy equipment like heavy machinery, company vehicles, computers, etc. The equipment you buy serves as collateral for the loan, which can help you get lower interest rates.

Commercial real estate loans

Another specific loan is that for the purchase of commercial real estate. It’s like a mortgage for your home, but it’s a business loan. The property serves as collateral, and generally these loans have a maximum term of 25 years.

Small Business Loan Options for Wyoming

Now that you know more about a few of your small business loan options, let’s take a look at the lenders that offer them in Wyoming.

Term loans

SBA Loans

Equipment loans

Commercial real estate loans

What it takes to get approved for a small business loan

So what do you need to qualify for a loan in Wyoming? Eligibility varies from lender to lender. To qualify for the lowest interest rate loans (SBA and bank loans), you will need good to excellent credit and have been in business for at least two years.

If you’re running a startup and don’t qualify for these loans, don’t worry. There are online lenders that look at other criteria like your annual or monthly sales to determine eligibility.

Banks may require you to visit a branch to apply and may ask for detailed financial statements and tax returns. Online lenders may only ask for a few details about your business before making a decision.

How to Choose the Right Loan for Your Wyoming Small Business

The right loan for some borrowers may not be the right loan for your business. Figure out how much you need to borrow and what you’re entitled to, then start shopping. Review the terms of the loan before signing anything. Often you can see what rate you qualify for before submitting a claim.

Small Business Grant Options for Wyoming

Another financial aid option in Wyoming comes from small business grants. This form of business financing does not have to be repaid like loans do. Nonprofits, local governments, and businesses all offer small business grants. Here are a few you might consider applying for:

Additional Resources for Wyoming Small Businesses

Wyoming small business owners also have a variety of small business resources that can provide mentorship, advice on obtaining government contracts, workshops, and networking:

Whether you are located in Casper, Laramie, Cheyenne, Jackson, or any other city or town in Wyoming, know that you are not alone as an entrepreneur and have many resources to support your business on its journey to growth and prosperity!

This article was originally written on March 16, 2022.

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ASEAN Think Tank Sees 6.5% PH Growth in 2022, 2023 https://blogcampcee.com/asean-think-tank-sees-6-5-ph-growth-in-2022-2023/ Fri, 11 Mar 2022 08:58:00 +0000 https://blogcampcee.com/asean-think-tank-sees-6-5-ph-growth-in-2022-2023/
ASEAN+3 AMRO Macroeconomic Research Bureau

Logo of the Macroeconomic Research Office of Asean+3 (Amro) | Photo from file INQUIRER.net

MANILA, Philippines — Regional watchdog Asean+3 Macroeconomic Research Office (Amro) raised its growth forecast for the Philippines to 6.5% from 6.2% previously, but urged the government to maintain support for the Philippines. sectors marked by prolonged COVID-19. pandemic.

“Economic recovery in the Philippines is firmly on track – despite recurrent waves of COVID-19 infections in 2021 – and is expected to accelerate following further easing of mobility restrictions and continued policy support,” Amro said. in a statement Friday (March 11). Amro’s latest assessment was based on its annual consultation with Philippine economic leaders held online from February 18 to March 8.

Amro’s Chief Economist, Siu Fung Yiu, projected the Philippines’ gross domestic product (GDP) growth to reach 6.5% in 2022 and 2023. Amro’s growth forecast for this year was lower than the government’s 7-9% target. Its estimate for next year, meanwhile, was within the Philippines’ 6-7% growth target.

“Continued fiscal support and a high vaccination rate will help keep the economy relatively open and sustain the momentum of recovery,” Yiu said.

“For 2022, government spending will continue to be the main driver of growth, with the private sector recovery gaining momentum as the economy reopens, supported by better economic prospects, improving confidence and a favorable external demand,” Amro said.

Amro nonetheless urged the Philippines to put in place a fiscal consolidation plan that “should improve fiscal sustainability without undermining economic recovery.”

The fiscal consolidation strategy to be presented and delivered by the Duterte administration’s economic team to the next Philippine President aimed to reduce the record budget deficit and pay down the debt that has accumulated amid the pandemic.

The fiscal consolidation plan may include new or higher taxes, spending cuts in non-priority sectors, as well as economic growth engines to increase revenue.

“A gradual reduction in the fiscal deficit is deemed appropriate as the recovery gains further momentum in the near term,” Amro said.

“However, the pace of fiscal consolidation should be accelerated once private sector growth becomes self-sustaining. The authorities should also continue to improve the efficiency of public spending programs, while improving revenue collection,” did he declare.

“The overall fiscal policy stance is assessed as broadly neutral in 2022 under the current national budget. This policy stance is appropriate as the private sector recovery is expected to become more self-sustaining going forward,” he added. .

But Amro noted that the recovery in the Philippines remained fragile – “while the labor market has rebounded strongly, unemployment remains high and job quality has deteriorated,” he said.

“Some lasting damage caused by the pandemic has become clearer, the most damaging of which relates to human capital, making it urgent to take action to build resilient, sustainable and inclusive long-term growth,” Amro said.

Soaring global oil prices due to the war between Ukraine and Russia will also pose upside inflation risks this year, Amro said, although he expected the rate of increase in commodity prices to rise. basis would decline to 3.7% and 3.3% next year, from 3.9% last year. year.

In addition, Amro said that “a potential resurgence of COVID-19 infections remains a key risk to the recovery and that the depreciation of corporate balance sheets continues to pose a risk to the soundness of the banking sector in the near term”, even though “the significance of these two risks may have diminished due to a higher vaccination rate and the resumption of economic activity.

As global interest rates normalize and financial conditions tighten, Amro said “the Philippine economy is well positioned to weather the negative impact, but the peso exchange rate may come under some pressure. “.

“The central bank of the Philippines should continue its accommodative monetary policy in 2022 to support the recovery and consider reducing its policy stance as the recovery gains momentum and the output gap narrows,” Amro said.

“Key central bank relief measures are still in place to ensure continued support for the recovery of businesses, households and the economy as a whole,” Amro added, referring to the Bangko Sentral ng Pilipinas (BSP ).

“The government must leverage public and private efforts to mitigate the scarring effects of the pandemic and address structural challenges for more resilient and sustainable long-term growth,” Amro said.

“The country’s legislative efforts, including passing amendments to the Retail Trade Liberalization Act, the Civil Service Act and the Foreign Investment Act, are welcome,” Amro said.


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Give meaning to your financial brand https://blogcampcee.com/give-meaning-to-your-financial-brand/ Mon, 07 Mar 2022 11:00:20 +0000 https://blogcampcee.com/give-meaning-to-your-financial-brand/


Quick, think of a bank or cash register announcement… What do you imagine?

A young smiling man with the keys to his new car? An older couple gardening or biking? A photo of their new mortgage officers? The sincere promise that their employees make all the difference?

How about a little less buttoned up? Maybe you’re the “fun” brand. So, you’re probably using an image of the team at a local nonprofit event, with a message about how the financial institution has been part of the community for decades.

The fact is, most financial marketers get lost in a sea of ​​similarity.

The last thing any financial marketer wants to do is take a risk on anything, especially when it comes to their marketing. The fear is that if you do something different, you won’t be recognized as a bank.

It’s normal to want to look and feel safe and trustworthy. However, safe and trustworthy without any personality will not be the way to people’s hearts.

When you say your employees really make a difference and you put your employees in every ad to help illustrate that, you end up with ads that blend in with all the other financial institutions, financial planners, real estate companies, and medical providers that do the exact same thing, with the exact same promise that their people really are the best.

So what do people really want to know more about your financial brand?

When surveyed, financial consumers say they want the basics from their financial institution: low fees, great rates and good customer service. These features are therefore central to the marketing and product development of almost every bank or credit union, because “that’s what people want”.

But there is a problem, and it is a big problem. These are the characteristics that financial institutions have educated consumers on. So when we ask about wants, consumers repeat exactly what they have been trained to assess by their banks and credit unions.

Banks are asking the wrong questions, making decisions based on the answers they’ve trained consumers to give, and then wringing their hands worrying that consumers see them simply as providers, rather than partners.

But that’s not all. Here are some sobering facts for FI leadership:

  • When asked “what is critical to your future financial success?” only one percent of participants in a FICO study mentioned their financial institution.
  • In another study, only 29% of survey respondents say they trust their financial institution to look after their long-term financial well-being, up from 43% in 2018. [2]
  • In a 2020 Accenture study, only 29% of survey respondents said they trust their financial institution to look after their long-term financial well-being, up from 43% in 2018. [3]
  • In February 2021, FICO released market research that looked at the role individuals see banks and financial services playing in their financial future. The results should make any bank executive tremble. When asked “what is critical to your future financial success?” only one percent of survey participants mentioned their financial institution. [4]
  • 70% of FICO study participants said they would be “likely” or “very likely” to open an account at a competing financial institution if they offered products and services to address these large unmet needs. ladder.

However, the way forward is clear and it all depends on the emotional connection people have with their money.

Beyond accounts, you have people who are completely invested in your brand. It’s the customers or the members who will say “oh my God, I love this bank!” when they see someone with a debit card they recognize. The people who give you a 10 on every NPS poll, would attend every annual barbecue, and might have you on their holiday card list.

These promoters can be your greatest asset, and these relationships are worth nurturing. They are the people who will help you stand up for yourself when things go wrong and promote any changes you make, if you give them the tools to do so.

But you also have detractors. And competitors. And whole new categories of people you need to attract to your IF from a massive number of options, all searchable and discoverable 24/7. No pressure, right?

What if you stopped only communicating with your brand through promotions and pricing…and thought more about what your organization stands for, how it is received, and what it should mean to your target audiences?

These are big questions, but the first step in any important strategy is to identify where growth is likely to occur. And that always pays to get back to your brand’s roots. Consider these questions:

  • What is our brand “why?” Is this something anyone in our organization, at any level, can articulate?
  • What are we defending? What should we represent? Hint: “excellent customer service” and other feature-based answers are not considered an answer here.
  • What was the reason for our last four promotions?
  • Who are we most often mistaken for?
  • What crazy ideas have we not implemented? Why didn’t we?
  • What do you find most liberating about our brand?
  • What do you find most restrictive about our brand?

Once you really start digging, the opportunities to grow your brand (and your business) become hard to miss, and the long-term results become far more valuable than a promotion or an offer.

Ready to unlock your brand’s true potential? It’s not about showing your employees and saying they’re competent and service-oriented, that’s what everyone else does.

Finding out how to understand people is always the first step.

[1] FICO® Research Infographic, What do people really want from their banks?2021

[2] Ron Shevlin, The Phantom Financial Lives of AmericansFICO/Cornerstone Advisors, 2020

[3] Making digital banking more human2020 Accenture Global Banking Consumer Study, 2020

[4] Anna Hamilton, What customers really want from their banksFICO.com/blog, February 10, 2021

Today’s Mortgage Rates Are Climbing | March 4, 2022 https://blogcampcee.com/todays-mortgage-rates-are-climbing-march-4-2022/ Fri, 04 Mar 2022 13:30:12 +0000 https://blogcampcee.com/todays-mortgage-rates-are-climbing-march-4-2022/

Interest rates for purchase and refinance loans are higher today, with some categories of loans seeing significant increases.

For buyers, the average rate for a 30-year fixed rate mortgage is 4.531%. That’s an increase of 0.149 percentage points from a day ago. Meanwhile, the rate for a 30-year refi is averaging 4.618%, up 0.155 percentage points.

The biggest change is in the average 30-year jumbo purchase loan rate, which jumped 0.446 percentage points to 4.299%.

  • The last rate on a 30-year fixed rate mortgage is 4.531%. ⇑
  • The final rate on a 15-year fixed rate mortgage is 3.494%. ⇑
  • The latest rate on a 5/1 ARM is 3.171%. ⇑
  • The latest rate on a 7/1 ARM is 3.445%. ⇑
  • The latest rate on a 10/1 ARM is 3.538%. ⇑

Money‘s daily mortgage rates reflect what a borrower with a 20% down payment and a credit score of 700 — roughly the national average score — could pay if he or she applied for a home loan right now. Each day’s rates are based on the average rate that 8,000 lenders offered applicants the previous business day. Freddie Mac’s weekly rates will generally be lower, as they measure the rates offered to borrowers with higher credit scores.

Are you looking for a loan? Check out Money’s lists of top mortgage lenders and top refinance lenders.

Today’s 30-Year Fixed Rate Mortgage Rates

  • The 30-year rate is 4.531%.
  • It’s a day infold by 0.149 percentage points.
  • It’s a month to augment by 0.395 percentage points.

The main advantage of a 30-year fixed rate mortgage is its long repayment term. By dividing the loan balance over several months, you pay less each time. The fixed rate also means that these payments will never change. The downside is that the interest rate is higher than on a short-term loan, so you’ll end up paying more over time.

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Average mortgage rates

Data based on US mortgages closed March 3, 2022

Type of loan 3rd of March Last week Change
15-year fixed conventional 3.49% 3.53% 0.04%
30-year fixed conventional 4.53% 4.49% 0.04%
ARM rate 7/1 3.45% 3.52% 0.07%
ARM rate 10/1 3.54% 3.64% 0.1%

Your actual rate may vary

15 years today fixed rate mortgage rates

  • The 15-year rate is 3.494%.
  • It’s a day infold by 0.132 percentage points.
  • It’s a month infold by 0.369 percentage points.

Some borrowers prefer 15-year fixed rate loans because interest rates tend to be low and the short payback period means you’ll pay less interest overall. However, the short term also means the monthly payments will be higher and may not be as manageable as a 30 year loan.

The latest rates of adjustable rate mortgages

  • The latest rate on a 5/1 ARM is 3.171%. ⇑
  • The latest rate on a 7/1 ARM is 3.445%. ⇑
  • The latest rate on a 10/1 ARM is 3.538%. ⇑

An adjustable rate mortgage can be an attractive option for borrowers who don’t plan to stay in a home for the long term. The interest rate will first be fixed and then begin to adjust periodically. For example, a 5/1 ARM will have a stable rate for five years before starting to adjust each year. Keep in mind, however, that once the rate begins to adjust, it could rise significantly.

The Latest VA, FHA, and Jumbo Loan Rates

The average rates for FHA, VA, and jumbo loans are:

  • The rate on a 30-year FHA mortgage is 4.282%. ⇑
  • The rate for a 30-year VA mortgage is 4.734%. ⇑
  • The rate for a 30-year jumbo mortgage is 4.299%. ⇑

The latest mortgage refinance rates

The average refinance rates for 30-year loans, 15-year loans and ARMs are:

  • The refinance rate on a 30-year fixed rate refinance is 4.618%. ⇑
  • The refinance rate on a 15-year fixed rate refinance is 3.599%. ⇑
  • The rollover rate on a 5/1 ARM is 3.22%. ⇑
  • The refinance rate on a 7/1 ARM is 3.495%. ⇑
  • The refinance rate on a 10/1 ARM is 3.602%. ⇑
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Average Mortgage Refinance Rates

Data based on US mortgages closed March 3, 2022

Type of loan 3rd of March Last week Change
15-year fixed conventional 3.6% 3.62% 0.02%
30-year fixed conventional 4.62% 4.57% 0.05%
ARM rate 7/1 3.5% 3.59% 0.09%
ARM rate 10/1 3.6% 3.72% 0.12%

Your actual rate may vary

Where are mortgage rates going this year?

Mortgage rates have fallen through 2020. Millions of homeowners have responded to low mortgage rates by refinancing existing loans and taking out new ones. Many people bought homes they might not have been able to afford if rates were higher. In January 2021, rates briefly dipped to the lowest levels on record, but rose slightly for the rest of the year.

Looking ahead, experts believe that interest rates will rise further in 2022, but also modestly. Factors that could affect rates include continued economic improvement and further labor market gains. The Federal Reserve has also started to scale back its purchases of mortgage-backed securities and said it plans to raise the federal funds rate three times in 2022 to combat rising inflation from March.

While mortgage rates are likely to rise, experts say the increase won’t happen overnight and it won’t be a dramatic jump. Rates are expected to remain near historic lows throughout the first half of the year, rising slightly later in the year. Even with rising rates, it will still be a good time to finance a new home or refinance a mortgage.

Factors that influence mortgage rates include:

  • The Federal Reserve. The Fed acted quickly when the pandemic hit the United States in March 2020. The Fed announced its intention to keep money flowing in the economy by lowering the Federal Fund short-term interest rate between 0% and 0.25%, which is also low as you go. The central bank also pledged to buy mortgage-backed securities and treasury bills, supporting the housing finance market, but began to scale back those purchases in November.
  • The 10-year Treasury bond. Mortgage rates keep pace with government 10-year Treasury bond yields. Yields first fell below 1% in March 2020 and have since risen. On average, there is typically a 1.8 point “spread” between Treasury yields and benchmark mortgage rates.
  • The wider economy. Unemployment rates and changes in gross domestic product are important indicators of the overall health of the economy. When employment and GDP growth are weak, it means the economy is weak, which can lower interest rates. Thanks to the pandemic, unemployment levels reached historic highs early last year and have yet to recover. GDP has also taken a hit, and although it has rebounded somewhat, there is still plenty of room for improvement.

Tips for getting the lowest possible mortgage rate

There is no universal mortgage rate that all borrowers receive. Qualifying for the lowest mortgage rates takes some work and will depend on both personal financial factors and market conditions.

Check your credit score and your credit report. Mistakes or other red flags can lower your credit score. Borrowers with the highest credit scores are the ones who will get the best rates, so it’s essential to check your credit report before you begin the home hunting process. Taking steps to correct mistakes will help increase your score. If you have high credit card balances, paying them off can also give you a quick boost.

Save money for a large down payment. This will lower your loan-to-value ratio, which is the share of the house price that the lender has to finance. A lower LTV usually translates to a lower mortgage rate. Lenders also like to see money that has been saved in an account for at least 60 days. It tells the lender that you have the money to finance the home purchase.

Shop around for the best rate. Don’t settle for the first interest rate a lender offers you. Check with at least three different lenders to see who offers the lowest interest rate. Also consider different types of lenders, such as credit unions and online lenders in addition to traditional banks.

Also, take the time to learn about the different types of loans. Although the 30-year fixed rate mortgage is the most common type of mortgage, consider a shorter-term loan such as a 15-year mortgage or an adjustable rate mortgage. These types of loans often come with a lower rate than a conventional 30-year mortgage. Compare the costs of all to see which best suits your needs and financial situation. Government loans — such as those backed by the Federal Housing Authority, Department of Veterans Affairs, and Department of Agriculture — may be more affordable options for those who qualify.

Finally, lock in your rate. Locking in your rate once you’ve found the right rate, the right loan product, and the right lender will help ensure that your mortgage rate doesn’t increase until the loan is closed.

Our mortgage rate methodology

Money’s Daily Mortgage Rates show the average rate offered by more than 8,000 lenders across the United States for which the most recent rates are available. Today we are posting rates for Thursday, March 3, 2022. Our rates reflect what a typical borrower with a credit score of 700 might expect to pay for a home loan right now. These rates were offered to people depositing 20% ​​deposit and include discount points.

More money :

Netrisk Group now operates in 5 countries after acquiring Austrian online price comparison portal durchblicker https://blogcampcee.com/netrisk-group-now-operates-in-5-countries-after-acquiring-austrian-online-price-comparison-portal-durchblicker/ Tue, 01 Mar 2022 06:10:00 +0000 https://blogcampcee.com/netrisk-group-now-operates-in-5-countries-after-acquiring-austrian-online-price-comparison-portal-durchblicker/
  • Netrisk Group today completed the acquisition of durchblicker, Austria’s leading online rate comparison portal

  • The leading online price comparison group is now active in five European countries: Austria, Czech Republic, Hungary, Lithuania and Slovakia

  • Netrisk Group is backed by TA Associates and MCI

BUDAPEST, Hungary & VIENNA, March 01, 2022–(BUSINESS WIRE)–Netrisk Group (“Netrisk”), a leading online price comparison player in Europe, today completed the acquisition of durchblicker, the leading online price comparison website of the Austrian market. durchblicker thus joins a rapidly growing family of online price comparison websites that already includes Netrisk.hu, Biztositas.hu, Klik.cz, Porovnej24.cz, Klik.sk, Netfinancie.sk and Edrauda.lt.

Since its launch in 2010, durchblicker has been an impressive start-up success story and has become one of Austria’s most popular and trusted brands. The company, brand and team in Austria will be retained by the new owners.

Following the acquisition, Netrisk is now present in five European countries with a total population of 37 million and an addressable market of 30 million motor insurance contracts, the group’s leading product category. Netrisk has now made six acquisitions since December 2019, strengthening the company’s position in insurance and extending it to other comparator categories, such as banking products, energy and telecommunications. In 2021, Netrisk companies negotiated or renewed over 2 million contracts across all products.

Robert Sokolowski, Group CEO, said: “Today we welcome our new durchblicker colleagues to Netrisk and begin a new chapter that will help us better serve our customers. We’re proud to be a family of seven fast-growing OPC brands that together hosted approximately 2 million monthly visits in 2021.”

Dávid Kárpáti, Director of Business Development at Netrisk Group, added: “The integration of durchblicker will help Netrisk further strengthen its online price comparison leadership in Central and Eastern Europe. We serve a growing international market where mutual fund penetration is less than 20%. result, we are well positioned to grow in the years to come. »

“We are impressed with what durchblicker has achieved over the past twelve years and are delighted to see his continued success within the Netrisk Group. With this latest acquisition, the Netrisk Group continues its strategy of creating a platform strong international platform for online price comparisons in Central Europe,” said Maxime Cancre, Director at TA Associates.

About durchblicker

durchblicker is Austria’s leading independent online rate comparison portal. durchblicker currently offers comparisons in 28 categories, including insurance, telecommunications, electricity and gas, as well as traditional financial products such as loans, current accounts and savings interest. More information at www.durchblicker.at.

About Netrisk Group

The Netrisk Group operates leading Internet portals for online comparisons and insurance underwriting in Central and Eastern Europe. On their websites, consumers can seamlessly compare the prices and services of property and life insurance such as auto liability, comprehensive insurance, home, travel and insurance -life. The group operates the Netrisk and Biztositas.hu platforms in Hungary, Klik and Porovnej24 in the Czech Republic, Netfinancie in Slovakia, Edrauda in Lithuania, and now durchblicker in Austria.

About TA Associates

TA is a leading international private equity firm specializing in growth capital investments in five industry sectors: technology, healthcare, financial services, consumer goods and business services. TA invests in profitable companies with sustainable growth opportunities and has invested in over 550 companies worldwide. As a majority or minority shareholder, TA takes a long-term approach and applies its strategic resources to help management teams create sustainable value in quality growth companies. Since its inception in 1968, TA has raised $47.5 billion. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information at www.ta.com.

About MCI Capital

MCI Capital is one of the largest technology investment funds in Central Europe with assets under management of 2.7 billion PLN (589 million EUR). Since 1998, MCI has supported 104 companies and sold 68 of them. The fund invests 25 to 100 million euros in digital champions: in purely technological companies (disruptors), in companies undergoing digital transformation and in IT infrastructures . The fund was invested in Mall.cz (e-commerce, Czech Republic), WP.pl (digital media, Poland), Invia (e-Travel, CEE), Dotpay/eCard (fintech, Poland), iZettle (fintech, worldwide) and ATM SA (data centers, Europe). More information at https://mci.pl/en.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220228006210/en/


Maggie Benoit
AT Associates

What is a no credit check loan? https://blogcampcee.com/what-is-a-no-credit-check-loan/ Fri, 25 Feb 2022 08:00:00 +0000 https://blogcampcee.com/what-is-a-no-credit-check-loan/

No credit check loans are loans where the lender does not check the borrower’s credit before approving and lending loans. These types of loans can be tempting if your credit is poor and you don’t qualify for other products. However, no credit check loans can be risky and are generally not well regarded as they tend to come with extremely high interest rates.

What is a no credit check loan?

A loan without a credit check is a loan that does not require a credit check. You might be tempted to apply if you don’t have the best credit and think you can’t be approved for other types of financing products. Here are some examples of loans without a credit check:

Payday loans

Payday loans are small, short-term loans that you can repay the next time you get paid. In most cases, you will pay them back within two to four weeks. These no credit check loans are designed to provide you with quick cash to hold you over until your next paycheck.

Installment loans without credit check

With no credit check installment loans, you borrow a lump sum of money and repay it over time via installments or fixed monthly installments. They usually come with larger loan amounts than payday loans and can be used to cover just about any expense.

Auto title loans

Auto title loans are secured loans that use your car as collateral. You give the lender title to your car in exchange for borrowing money. The amount you can receive will depend on the value of your car. Most lenders will let you drive your car while you pay off the loan. If you default on a car title loan, the lender can repossess your vehicle.

Secured credit cards

You cannot be approved for a traditional unsecured credit card with bad credit. This is where secured credit cards come in – some issuers don’t do credit checks for them. When you sign up for a secured credit card, you make a cash deposit which is usually equal to your credit limit. The credit card issuer will take your deposit if you do not pay your bill.

Co-signer loans

If you don’t qualify for a loan on your own, ask a trusted friend or family member to be your co-signer and apply for a loan with you. You’re more likely to be approved and earn a great interest rate if you have a co-signer with good or excellent credit. Just be sure to repay the loan so you can improve your credit and not leave your co-signer responsible for the payments.

Why are no credit check loans a bad idea?

Although no credit check loans may seem like a great option, you should avoid them if possible. Their sky-high interest rates lead to high payments, which can land you in a cycle of debt and wreak havoc on your credit. You may find that a loan without a credit check does more harm than good for your long-term financial situation.

Many no credit check loans are considered predatory loans because the exorbitant interest rates can trap people in a cycle where they will never be able to repay the loan. Some lenders also add additional fees that make it even more difficult to get your finances back in order. Many no credit check loans turn out to be scams. Finally, since this type of loan does not build your credit, you lose the possibility of having your payments contribute to increasing your credit score.

Can I get a loan with bad credit?

You don’t have to turn to a no credit check loan if you have bad credit. Fortunately, there are many lenders who accept borrowers with bad credit. They may look at factors other than your credit to determine if they should approve you for a loan, such as your income, work history, and debt-to-equity ratio.

What are the alternatives to loans without credit check?

There are several alternatives to no credit check loans that can give you the funds you need, even if you have bad credit or no credit. Here is a brief overview of them.

Bad credit lenders

A number of lenders specialize in providing money to borrowers with bad credit. If you go with a bad credit lender, you may be able to get a relatively low interest rate for someone with less than stellar credit.

credit unions

Compared to banks, credit unions often have lenient requirements. As long as you are a member, you may be able to get approved for a loan from a credit union, even with bad credit. Credit unions will likely look at your overall financial situation in addition to your credit. In addition, the interest rate they can charge is capped at 18%.

Alternative payday loans

Alternative payday loans (ALPs) are small, short-term loans offered by some federal credit unions. They are generally more affordable than traditional payday loans and come with longer repayment terms. If you apply for PAL, a credit union will ask you for proof of your income to ensure that you can repay your loan.

Secured loans

Secured loans are backed by collateral, which is something valuable that you own. Collateral can be a physical asset such as a house, car or boat. It can also be a cash deposit. Since secured loans are less risky for lenders, you can get approved for a loan with bad credit. The caveat, however, is that the lender can seize your collateral if you fail to repay your loan.

The bottom line

If you have bad credit or no credit and need to borrow money, do not resort to a loan without a credit check. Instead, explore the alternatives available to you and think about the pros and cons of each. By choosing an alternative like a loan from a lender with bad credit, you can save on interest and significantly reduce the overall cost of borrowing.

Learn more:

Achieva Credit Union, based in Dunedin, Florida, which was previously the sole occupant of its headquarters, has opened its offices to new tenants. | Business Observer https://blogcampcee.com/achieva-credit-union-based-in-dunedin-florida-which-was-previously-the-sole-occupant-of-its-headquarters-has-opened-its-offices-to-new-tenants-business-observer/ Thu, 24 Feb 2022 15:21:59 +0000 https://blogcampcee.com/achieva-credit-union-based-in-dunedin-florida-which-was-previously-the-sole-occupant-of-its-headquarters-has-opened-its-offices-to-new-tenants-business-observer/

With hybrid work models all the rage in the wake of the pandemic, many businesses that can operate with at least a partially remote workforce are wondering what to do with unused office space.

Achieva Credit Union, with the help of real estate company Colliers International, has an innovative solution that addresses multiple challenges at once. Using its Dunedin headquarters, which it calls “Center Court,” as a sort of test bed, Achieva has launched a “housing” program for remote employees who want to work occasionally in the office on an ad hoc basis. In addition to this, he reconfigured the vacant parts of the building and made them available for rental to third-party organizations.

“Our #1 goal is to serve our members and be good stewards of their money,” says John Wintermeier, Chief Commercial Officer of Achieva. “As a member-driven organization it is our responsibility to make the most of our facilities, so we decided it was a good idea to explore leasing.”

On the other hand, several potential setbacks persisted with the strategy, namely security and property damage risks. Achieva, founded in 1937, is one of Florida’s largest credit unions, with some 153,000 members and $2.1 billion in assets.

This is not a typical landlord-tenant situation. They share the same space. Paula Smith, General Manager of Commercial Services at Colliers International

Wintermeier and Achieva Chief Marketing Officer David Oak, whose entire department has transitioned to working remotely, say the hospitality and rental efforts have gone smoothly – but only because credit union management has invested months of planning before taking the measurements.

“It took us almost a year to get our first tenant,” says Wintermeier. “It was deliberate. We immediately recognized that there was an opportunity in March and April 2020, when everyone was going home, and we needed to pivot.

Oak is quick to point out that the first step in the process was to make sure Achieva’s house was in order before opening it up to other businesses. And that meant a comprehensive, long-term evaluation of the effectiveness of its hybrid work environment.

“Don’t put the cart before the horse,” he says. “We took the time to test and measure and see how this work from home went before we started inviting people here to watch the space. Make sure you can do this for the long term; otherwise, you will push people back [into the office].”

The first tenant of the caisse is Hyloqa digital marketing company from Dunedin that counts Achieva among its clients.

“I approached them and the timing was perfect,” says Oak. “They were looking for a new space. He adds with a laugh: “I don’t know if they like it, because now I can come in anytime I’m at Center Court and ask them about all the work they’re working on for us. ”

Courtesy. Paula Smith, General Manager of Commercial Services at Colliers International.

Colliers charges $19 per square foot for move-in ready office space. As of mid-February, two suites — one 1,576 square feet, the other 2,231 square feet — remained for rent. Parking is provided and furniture can also be part of the offer, at an additional cost, if required. Other Center Court amenities include a self-service canteen, dog park, spacious courtyard, conference room and a nearby bus stop. For security reasons, tenants must arrange their own internet and telephone service, but other utilities are included.

“These are full-service leases,” says Paula Smith, general manager of commercial services at Colliers International. “And the way we work with Achieva is very personal. We make sure to be on all the “rounds” with potential tenants.

Smith says it’s somewhat unusual for a company to rent space in its headquarters after being the sole occupant for the building’s entire existence. But with a good working relationship, the arrangement can be a boost for both landlord and tenant.

“It’s not a typical landlord-tenant situation,” she says. “They share the same space.”

This meant Hyloq signage had to be added to the exterior of the building, which is not typical of a corporate office lease. Additionally, Achieva instructed Colliers not to place a “for rent” sign outside of center court. “They didn’t want the community to think they were selling out or leaving,” Smith says.

Cost wasn’t a major factor thanks to the way Center Court is laid out – “basically they just moved a gate,” Smith says – but that won’t always be the case.

“More than anything, it depends on how the building is designed and operated,” she says. “In this case, Achieva is able to compartmentalize, with adequate security, certain suites which they can then rent out without any interference with their day-to-day activities or compromising private information.”

8 tips for buying a used car: how to do it right https://blogcampcee.com/8-tips-for-buying-a-used-car-how-to-do-it-right/ Sun, 20 Feb 2022 05:27:06 +0000 https://blogcampcee.com/8-tips-for-buying-a-used-car-how-to-do-it-right/

Buying used is a great way to get behind the wheel of a vehicle without the high cost of current year models. And as vehicle prices have reached new highs in recent months due to the combination of pandemic and shortage of semiconductorsbuying used can help you save money.

Buying second-hand has not been immune to rising prices. The average cost of a used vehicle in November 2021 was 28% higher than in 2020, according to CNET, a property of Red Ventures. But buying used is always cheaper than buying new. So as we step into spring car buying seasonkeep these tips in mind to get the best deal.

8 tips to follow when buying a used car

When buy a used carfollow these tips to walk away with the best deal.

Tip 1: Have a realistic budget

The best way to save money when it comes to a major purchase is to be honest with how much you can afford. When it comes to buying a used car, it’s no different.

Not only do you need to be aware of the monthly financial cost, but also the additional vehicle costs that are sure to arise. Enjoy a car loan calculator before you start your vehicle search so that you have a good understanding of your budget.

Tip 2: Explore financing options

Choosing the right financing option for your vehicle is reminiscent of the experience of a find your perfect car. Lending options include banks, online lenders, and dealerships, and shopping around is essential to ensure you get the best terms and rates available. View Current Rates and Bankrate winner of the best used car lender before accepting a loan.

Tip 3: Apply for loan pre-approval

Auto loan pre-approval is when a lender tentatively approves you for a certain amount while you shop for your car. It’s not a foolproof deal, but it gives you a better idea of ​​what you’ll be paying in interest and what you can afford.

The main benefit of loan pre-approval is that it can give you confidence that you are getting the best deal. By entering the parking lot or even entering the online dealership, you will have the comfort of knowing exactly how much you can borrow for the vehicle, and you can even take the opportunity to negotiate.

Tip 4: Trade in your old vehicle

Trading in your vehicle will save you money and worry about what to do with your old vehicle. the exchange process ranges depending on the dealership you use, but the steps are simple. This primarily requires you to understand the value of your current vehicle versus the new one.

Shop around and get quotes from multiple dealerships. You can use the estimates as bargaining power with the dealer you are buying from.

Tip 5: Make a big deposit

The larger your down payment, the less you will need to borrow and the lower your monthly payment will be. Saving up and therefore placing a large down payment will save you money while you drive. Because you’re borrowing less, you’re more likely to be approved for a loan, and you can potentially get a lower rate.

Tip 6: Consider a Certified Pre-Owned Vehicle

One way to circumvent some of the risks of buying second-hand is to buy certified pre-owned items. Commonly found at dealerships and rental companies, these vehicles carry a special seal of approval indicating that they have been approved by the manufacturer and generally have low mileage, have been properly maintained and they did not suffer an accident. These vehicles can also come with an additional vehicle warranty, ensuring long-term quality assurance.

Tip 7: Buy online

The market for buying a vehicle has changed dramatically over the past few years, and buying used is the perfect time to take advantage of the online shopping options available. Try looking outside your postcode to see if there’s a specific vehicle you’ve set your sights on, or try more futuristic options like Carvana or Vroom. If you feel more comfortable going the traditional route, always do some research online before heading to the field in person to get an idea of ​​vehicle costs and availability.

Tip 8: Perform a detailed car inspection

Buying a used car involves additional risks. You don’t know how the previous owner handled the vehicle, and unforeseen problems could loom.

To be sure you’re not going with a stealthy repairman, inspect the vehicle and request a vehicle history report. In addition to an initial test drive, it’s wise to get an independent mechanical inspection to check for any underhood issues.

Next steps

With so many Americans looking to buy vehicles right now, it’s a good idea to prepare ahead of time to save as much money as possible. And when it comes time to buy a new vehicle, consider used options to walk away with some extra cash in your pocket.

]]> The 2022 budget balances growth and consolidation; room for maneuver created to reduce the budget deficit https://blogcampcee.com/the-2022-budget-balances-growth-and-consolidation-room-for-maneuver-created-to-reduce-the-budget-deficit/ Wed, 16 Feb 2022 09:34:40 +0000 https://blogcampcee.com/the-2022-budget-balances-growth-and-consolidation-room-for-maneuver-created-to-reduce-the-budget-deficit/

“Overall, this budget has set clear long-term goals and, in line with big global government, there is significant infrastructure spending to spur growth. With inflation contained globally, it would be increasingly difficult to finance the budget deficit with the capital account surplus. I see clear room for maneuver to reduce the budget deficit and create space for private borrowing.

By Atanu Chakraborty

India’s budget is a unique instrument. Only a few emerging economies can boast of having an instrument that combines political pronouncements with the flow not only of central government funds, but also influencing state spending. In a way, this also has an impact on monetary policy. Although the advanced economies have robust fiscal instruments, I observed following the global financial crisis that they did not have an annual policy document like ours and depended far too much on monetary policy adjustments from their respective central banks. To the point that, as of 2019, the IMF urged these economies to use fiscal instruments as monetary instruments.

In one of the finance minister’s shortest budget speeches this year, she highlighted the priorities of “Amrit Kaal”. These priorities are forward-looking in the form of the digital economy, energy transition, climate change and incentives for private investment. I hope future budgets will use them as cornerstones.

The government has, on the whole, kept the contours of our tax structure unchanged. Fiscal stability will dispel many apprehensions in the minds of business people and stimulate economic activity. I also noticed an interesting reform, which allows a taxpayer to file an additional return up to two years after the end of the relevant taxation year. This reform has the potential to generate greater tax revenue and reduce unnecessary litigation.

Tax collection was one of the strengths of fiscal year 21-22 and exceeded nominal growth. However, in light of the high nominal growth expected in FY22-23, a more aggressive tax collection projection was expected with higher momentum levels.

The introduction of digital currency and the tax on digital assets settled the uncertainties around cryptocurrencies, which were disrupting the entire banking system. Techies who have developed different cryptocurrencies can now redirect their talent to develop new technologies around blockchain to help fight the scourge of cyber threats.

Growth, a key condition for improving income levels, is the primary objective of this year’s budget. To revive the economy at its peak, the focus has been on Capex, a strategy this government has followed since 2019. Prime Minister Gati Shakti is emphasizing sectors related to mobility and logistics. This will have a double impact. Investment in infrastructure would boost employment as well as growth in sectors such as steel, cement and construction. Completion of these projects would improve mobility in India, and data from the past two years has shown how improved mobility provides an upward momentum to the economy. Another notable push is increased investment in the road, rail, communications and warehousing sectors, and it will boost services that had been hit during the pandemic. In fact, the choices were limited. Given the compression of demand, growth could only come from increased government spending, and that was perhaps the only way. However, since the infrastructure projects are long-term in nature and the objectives of “Amrit Kaal” are enumerated, private investment is the only way out in the medium term. For this, the development of the bond market is essential and other initiatives in this area were envisaged. Perhaps we missed the fine print, but the consistent treatment of long-term gain between stocks and bonds is important for fund flows in the infrastructure sector.

It was heartening to see a 68% commitment of defense purchases from domestic sources. This, together with the share of the R&D budget for weapons platforms to be channeled through the Indian private sector, will strengthen India’s defense equipment supply chain. These steps have the potential to create great tech hubs in India, and skilled technical manpower is available in the country.

Besides public investment, reforms are the other leg that supports economic growth. Considering that subsidy reforms are not the most desirable at this stage, reforms aimed at increasing revenues must be taken further. In this context, few nuanced tax reforms are welcome. However, one would also have expected the focus to be on divestment, where major policy decisions have already been made in the past. Other measures, whether legislative or administrative, need to be highlighted through budget announcements to maintain momentum. At the macro level, the budget deficit of the center and the States combined amounts to 10.8% and the public debt to 88% of GDP. However, on the revenue disaggregation, there appear to be considerable benefits. Nominal growth at 11.2% is a little lower by 1 to 1.5%. This will yield an additional 1-1.5 lakh crore in gross tax revenue. In divestment at 0.75 lakh crore, estimates are much lower. If LIC’s IPO is successful and the divestiture of BPCL and Container Corporation materializes, non-debt inflows would be much higher than expected. There is a potential for underestimating the budget deficit by 0.5 to 1%. The privatization of banks, if carried out, would further increase revenues and give a favorable wind to the reform process.

Overall, this budget has set clear long-term goals and, in line with big world government, there is significant infrastructure spending to spur growth. With inflation contained globally, it would be increasingly difficult to finance the budget deficit with the capital account surplus. I see clear room for maneuver to reduce the budget deficit and create space for private borrowing. Privatization, asset monetization and borrowing programs would be the main things to watch in this year.

(Atanu Chakraborty is Chairman of HDFC Bank and former Secretary of the Department of Economic Affairs. The opinions expressed are those of the author.)

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The Treasury is committed to ensuring the sustainability of public finances and debt https://blogcampcee.com/the-treasury-is-committed-to-ensuring-the-sustainability-of-public-finances-and-debt/ Mon, 14 Feb 2022 16:02:41 +0000 https://blogcampcee.com/the-treasury-is-committed-to-ensuring-the-sustainability-of-public-finances-and-debt/

The National Treasury underlined its commitment to ensuring fiscal and debt sustainability through growth-friendly fiscal consolidation to put public debt on a declining path.

Reacting to the International Monetary Fund’s outcome of its Article IV consultation with South Africa, held November 17-December 7, 2021 and released last week, the Treasury said fiscal policy should balance support economic recovery with the reconstruction of public finances.

IMF staff held virtual meetings with the South African government, the South African Reserve Bank, Eskom, businesses, unions and universities.

In its findings, the IMF acknowledged that South Africa had faced “formidable challenges” created by the COVID-19 pandemic and that more recently the Omicron variant had caused additional health and economic distress in a context relatively low vaccination rates.

“The IMF outlook for South Africa points to some recovery in growth in the near term and poor performance in the medium term. It indicates that economic output is capped by structural constraints, low confidence and l ‘less favorable exchange,’ Treasury said.

The IMF estimates South Africa’s economic growth at 4.6% in 2021 and projects growth of 1.9% in 2022, with an average of 1.4% over the medium term. Inflation was expected to converge towards the midpoint of the 3-6% target range.

The IMF highlights key downside risks such as slow progress in implementing structural reforms, deteriorating health and travel conditions from potential waves of COVID-19, tighter global liquidity conditions and Eskom’s operational and debt issues which raise macro-critical challenges.

On the positive side, the IMF noted that key economic forces acted as mitigating factors, including a flexible exchange rate regime, a strong inflation targeting framework backed by strong central bank credibility, markets deep national financiers and healthy banks.

However, the Treasury said the Fund recommends the SARB to continue to unwind the accommodative monetary policy stance.

“The IMF considers efforts to mitigate the impact of the pandemic, including accelerating vaccination, to be a key priority. In addition, the IMF recommends urgently advancing long-standing reforms to revive the growth.

“The IMF adds that the country needs to address governance and corruption vulnerabilities to foster private investment to improve the productivity and competitiveness of the economy,” the Treasury said in a statement.

Stimulate growth

In addition, the IMF argues that ambitious, growth-friendly fiscal consolidation over the next three years is needed to reverse the risky upward trend in the debt ratio and reduce high financing costs, while protecting well-targeted social spending and investment.

The IMF noted the urgent need to reduce transfers to public entities.

In its response, the Treasury acknowledged the difficult times South Africa found itself in, saying the concerns were aligned with the government’s response program to boost economic growth.

The response program is guided by South Africa’s Economic Reconstruction and Recovery Plan (ERRP), which aims to transform the economy through reindustrialisation, accelerating economic reforms, improving competitiveness, reducing the high cost of doing business and shrinking the public sector balance sheet.

“The ERRP also aims to unlock private sector investment and green growth in line with the National Vision 2030 Development Plan,” the Treasury said.

The Treasury said it was more optimistic than the IMF on medium-term growth and the fiscal outlook, expecting medium-term growth to be driven by a gradual recovery in confidence and private investment. However, he agrees that the economy is subject to significant downside risks.

The government remains committed to accelerating structural reforms. These, the Treasury said, will be undertaken as part of Operation Vulindlela, which aims to foster job-led growth, placing great emphasis on addressing long-term structural constraints and reducing scars from the effects of the pandemic.

The ministry said progress had been made in advancing structural reforms to support economic growth, including increasing the license threshold for integrated production, corporatizing the National Ports Authority of Transnet, restructuring of Eskom and the development of the electronic visa system.

He also noted progress in revising the legal regime governing skilled migration, addressing issues blocking the release of high-demand spectrum, accelerating infrastructure investment and securing grants to support the just transition of South Africa towards a low-carbon, climate-resilient future.

“Given the importance of energy security, work is underway to restructure Eskom with the establishment of the transmission company as a subsidiary, which was registered by the Companies and Intellectual Property Commission as of December 31 2021.

“Eskom has also applied to South Africa’s national energy regulator for the transmission license for the transmission company. The legal separation of the generation and distribution subsidiaries is expected to be completed by December 31, 2022,” said he declared.

The Treasury said the government recognizes the need to address deep-rooted socio-economic challenges, including unemployment and poverty, while stabilizing public debt.

“To that end, they remain committed to growth-friendly fiscal consolidation, while prioritizing key structural reforms to foster strong, sustainable, inclusive and green growth that will improve the lives of South Africans. monetary policy remains data dependent and the authorities stand ready to take the necessary steps to preserve price stability and financial stability.”

(With contributions from the South African government press release)