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How to Get Growth Capital for Your Business

How to Get Growth Capital for Your Business
Growth Capital searching can be a frustrating process, a seemingly endless path with a lot of rejection. The headlines in the local newspaper make the process of how to get growth capital for your business sound overly easy. Usually, the story line talks about an entrepreneur in need of growth capital and how he eventually connected with a funding source. Usually omitted from these success stories are the months of effort and knocking on doors that preceded it.

The real world answer to the question of how to get capital for your business is - through using a proven capital raising process. This process must do several things. First, it must decide on the best form of capital for your need. There are numerous forms of capital in the market - bank loans, mezzanine loans, equity investors, angel investors etc. Each of these different forms has positives and negatives which should be fully understood. Second, this capital raising process should determine the ideal amount of the funding. Often, businesses underestimate how much money is needed to execute their growth plan.

Third, prepare your financial statements and your growth story. Lenders cannot do much with companies that have sloppy or incomplete financial statements. Quality financial information and descriptive information about the history, customers, products, industry and management team are needed by the lender. In order to get growth capital, lenders want to see a level of sophistication and professionalism in the company. The fourth important element in getting capital is having a strategic growth story. Lenders want to know what you will do with the money and how you plan on growing. In order to help the company manage these steps, it pays to bring on an M&A advisor.

These professionals will help guide you through the decision steps and various stages of preparation. Once everything is in place, the official capital search process begins. The M&A advisor will have a confidential information memorandum on your company and a list of funding sources to approach. Funding sources have different criteria such as deal size, deal type, industry and location. It is important to focus on funding sources that provide capital on a direct basis to companies. Often, the deal preference of a lender prevents it from lending directly to non-private equity owned companies.

This is to say, mezzanine lenders, a popular type of lender, often will only fund companies that are owned by a private equity group. This makes the growth capital targeting process even more important. In short, there are multiple steps and requirements to securing growth capital for your business. For most mid-sized companies, an outside advisor is needed to organize and lead the process. The pay-off to this process is considerable though. Growth capital can transform your business and dramatically increase the value of your company through allowing you to make acquisitions or grow at an accelerated rate. So in short, the answer to the question of how to get growth capital for your business is - secure the representation of an M&A advisor to manage the process.

About Attract Capital, LLC Attract Capital is a financial advisory firm dedicated to the growth of mid-sized companies throughout the United States and Europe.

How to Successfully Refinance Your Mortgage Debt

How to Successfully Refinance Your Mortgage Debt
Falling behind on mortgage payments is one of the most intimidating financial struggles that most homeowners will experience. Since late mortgage payments can ultimately lead to a foreclosure, homeowners are eager to look for solutions once mortgage debt becomes a problem. While loan modifications where homeowners can negotiate the terms of their existing loan are a popular solution, they aren't the only option on the market. Now, many homeowners are considering the benefits of refinancing to successfully repay their mortgage debt.

Refinancing allows homeowners the opportunity to replace their existing loan with a new loan that has lower interest rates and friendlier terms. These benefits are some of the reasons more and more homeowners are seriously considering refinancing over a loan modification. While refinancing poses its benefits, there are many challenges such as declining property values, late payments, or a loss of income. By knowing the considerations for a successful refinancing, homeowners will be one step closer to eliminating mortgage debt.

5 Important Elements for Successful Refinancing

Homeowners seeking to eliminate mortgage debt should weigh the pros and cons of refinancing versus loan modification. If you select refinancing, be sure to:

1. Shop around. Since refinancing gives you the opportunity to replace your existing loan with a new one, truly do all your research and discover all of the options available. Mortgage rates vary wildly, so don't just settle for a deal that's better than your current loan - find the best deal, period! Consider the fees, quality of service, company reputation, and referrals from family and friends. In other words, look at more than just the interest rates.

2. Determine your break-even point. You'll have to pay fees for refinancing. Ensure that your break-even point is within site and that you'll actually save money by going through the hassle of refinancing. In general, if you can get the rate to drop by at least 0.5 percent, then you should consider refinancing.

3. Don't trust "No-Closing-Cost." If a lender claims no closing costs, then be sure to look for those costs elsewhere. They can appear as upfront charges, "rolled-in" closing costs, or as low-cost refinancing. It's up to you to determine which scenario is best for your financial circumstances. By keeping this in mind, you'll be able to save more money to put towards eliminating your mortgage debt.

4. Consider cash-in refinancing. Just as you can cash-out refinancing, you can also cash-in, where you swap for smaller mortgages instead of larger ones. With today's low rates, it's a good time for homeowners that qualify to take advantage of this opportunity.

5. Confirm and lock-in your rate. Be sure to lock-in your rate and have it confirmed when refinancing. If the rate is variable, you could end up with higher rates than your current loan, which defeats the purpose and strategy of refinancing. By keeping this in mind, you'll be able to truly save money and eliminate your mortgage debt!

Finding the Best Home Loan For You

Finding the Best Home Loan For You
Owning a home is a big commitment. It takes up your Saturdays with gutter cleaning, lawn mowing, pressure washing and window cleaning. It is also worth it because at the end of the day, it's yours. The type of home loan you have makes a big difference on how quickly you can own your home out right. A home mortgage is a tool that you can use to purchase a home, but the loan needs to fit within your financial plan. A home is a long term asset that you will own for years to come. The mortgage can determine how long it will take for you to pay the bank off and hold the title free and clear.

If you are considering buying a home or refinancing speak with a mortgage lender about the current interest rates and your loan options. Make sure that you tell them about your financial goals. For example if you need to keep money aside for sending kids to private school, your mortgage payment should be lower. If you are empty-nesters that want to retire, you should pay more monthly so that the home loan can be paid off sooner.

When securing a home mortgage you should compare the following things:

Interest Rate - A small change in interest rate, makes a big difference. Anything over 0.125% should be carefully evaluated. For example on a $300,000 mortgage with a 30 year term a 6% interest rate would have a payment of $1,798. That same loan at 5.5% would have a monthly payment of $1,703. That saves your family $96 a month, enough for a cell phone or cable bill. More importantly, over the life of the loan that small change could cost you over $34,000 more in interest.

Term - The term, or life, of your loan is essential for calculating your monthly payment and for understanding how quickly your home will be paid off. Most people secure a standard 30 year mortgage but that is not always the best solution. A 30 year mortgage is ideal for keeping your monthly payments low. If you are worried about personal cash flow it is a good option. They are terrible for people with a financial plan to pay off their home or to retire. If you are over the age of 30 you should seriously consider a shorter term to give you flexibility as you age. For example a 50 year old, refinancing with a 30 year mortgage, would not pay off the house until they were 80! A fifteen year mortgage would be a much better solution in that circumstance. Evaluate your long term goals when choosing a loan term.

Fees - Some mortgage lenders will place additional fees on your mortgage loan. In order to see how much they are charging, review the Good Faith Estimate. This will list out the closing cost fees, buy down fees, origination fees and more. Get a GFE from more than one mortgage banker to see who is offering you the best loan. The more fees that are charged the higher your APR will be. You can compare this by looking at your Truth and Lending Statement.

Your home loan should be a tool for accomplishing your financial and housing goals. Do not let your loan dictate terms to you. Instead decide what your objectives are and find a loan that fits within them. You can retire when you want to, have your home paid off early, and obtain a low interest rate by working with a knowledgeable mortgage lender that can help you accomplish your goals.

Online Cash Advance - A Quick Way to Get Rid of Financial Problems

Online Cash Advance - A Quick Way to Get Rid of Financial Problems
How to Choose an Advantageous Online Cash Advance?

The best option is not to borrow as much as you can, but to apply for the amount you strictly need and you can pay back on time. From this point of view, you must consider several important aspects, such as the fee charged by the lender for the provided services, the interest rate attached to the short term credit and the period within which you must pay back the money.

The fee you have to pay to the payday loan provider is of 25-30 dollars for every $100 you borrow using this method. It is advisable that you browse several online cash advance sites, in search of the most accessible offer. Also, it is good to always opt for direct lenders instead of choosing the services offered by brokers, because the last variant may imply additional costs.

The instant personal loans are considered a risky business by many lenders, who try to cover their eventual losses by applying interest rates higher than the market average. However, if you succeed to repay the entire debt at the due date, the financial effort is considerably smaller than if you ask for an extension and you pay delay penalties.

From all these points of view, it is always better to do a thorough research and compare various offers before choosing a particular type of online cash advance. By doing this, you can plan your household budget in a more effective manner and you can successfully avoid falling in a debt trap.

Quick Online Loans Requirements

The eligibility requirements for the credits in this category are very easy to meet, especially if they are compared with the selection criteria for a bank-granted loan. One of these mandatory requirements stipulates that, in order to qualify for an online cash advance, you must be a citizen or a resident of the US and you must be at least 18 years old when you apply for the loan.

You must also provide your current address and phone numbers from your home and your work place. The existence of a valid and active bank account is also one of the eligibility requirements for this type of credit, because the money you obtain is instantly wired to it. Usually, at the repayment date, the amount you owe is withdrawn directly from your bank account.

In order to benefit from an online cash advance, you must also have a regular, decently sized source of income. This can be of any nature, from the salary you get from your job to the compensation you receive after suffering a work-related accident. The unemployment benefit is also considered a reliable income by the online emergency credit providers.

When it comes to getting a loan from the banks, a poor credit score can be regarded as a major obstacle and a reason why many money lending institutions may deny your application.

However, having a "clean" financial record is not mandatory when you apply for an online cash advance. From this point of view, if you fulfill all the above requirements, you will certainly get the money you need, even when you have a history of filing bankruptcy or failing to repay your debts on time.

Also, online credits are usually not secured, so you do not have to bring any valuable possessions as collaterals. The general practice is to secure the loan against your next paycheck, and this is the main reason why the amount you owe and the costs of the credit are directly debited from your bank account.


Although some people consider the repayment period for payday loans too short, it offers enough time for the borrower to cover his or her needs until the next paycheck. If you use the amount you obtain only to solve your emergencies and you plan your household budget with great attention, you should have no problem repaying the debt on time.

Online Loans - The Easiest Way of Getting the Money You Need

Online Loans - The Easiest Way of Getting the Money You Need
Online Loans
Online Loans - Essential Information

Basically, these loans can be divided in two categories: the short term loan and the instant personal loan. The main difference between them is represented by the length of the repayment period. While the loans in the first category are granted for periods from 1 week to 14 days, those in the second category are granted for periods varying from 2 weeks to 30 days.

Another significant difference between the two is the amount of money that can be borrowed. Usually, you can receive more money if you apply for an instant loan than if you apply for a short term one.

When you apply for a bank loan, you usually have to bring in something valuable as collateral, such as a car or even a house, in order to secure the credit. However, you do not have to present any guarantees when you apply for online loans. Your next paycheck is the only collateral you offer to your lender.

How to Get Instant Cash?

The application procedure is very simple and, above all, it takes a short time to complete. This is mainly because the paperwork is reduced to minimum and the information required is only basic.

In order to become eligible, you must be at least 18 years of age and a citizen or permanent resident of the US. Also, you have to demonstrate that you have a permanent source of income, consistent enough to enable you to repay the loan.

Some online loans providers ask you to submit a proof of employment, showing the period since you have been working at your current job, but most of them only ask for a phone number and specific information about the employer and confirm your employment status by phone.

Given the shallow and fast procedure of granting easy payday loans, the lenders are exposed to considerable risks. Their need to verify your employment status is, therefore, understandable, and so is their tendency to apply higher interest rates.

A wide spread misconception about online credits is that they are instantly granted, the pre-approval stage being completely eliminated. This step exists, the only difference between bank-granted credits and those you obtain online being the duration of the procedure. In the latter case, everything lasts a lot less, because it does not involve extensive verifications or faxing.

What to Consider When Searching for Online Loans?

When it comes to getting quick payday loans, throwing at the first offer you see is not the wisest thing to do. You must carefully analyze the repayment conditions and the costs of the credit. Only by making an extensive comparison you can choose the loan that suits your needs and repayment possibilities.

The fee charged by the lender for the provided services or the interest rate is very important, because it adds to the sum you have to pay back. Usually, its quantum is of about 25%-30% from the borrowed amount, but, if you search carefully, you should be able to find online loans at lower prices.

Indeed, payday loans and all short term credits have sensibly higher interest rates than the classic, bank-granted personal loans. This is partly justified by the higher risks these loans pose for the lender due to the fact that fewer verifications are made and the eligibility requirements are much easier to meet and more flexible.

From this point of view, you must carefully calculate your household budget before you apply for one of the many existing varieties of online loans. Asking for more money than you actually need is a way for you to fall into a debt trap, especially if you fail to repay the whole amount you owe within the stipulated period.

However, a short term credit, no matter its specifics, is a financial instrument designed to help you when an emergency situation appears and you have no one and nowhere to turn to. The easy to meet, minimal requirements and the rapidity with which the needed money is granted are the main characteristics that recommend quick payday loans as the right solutions for urgent financial difficulties.

Need Fast Cash - Apply For Low Doc Loan

Need Fast Cash - Apply For Low Doc Loan
If you're self-employed or have multiple sources of unorganized income, you may find it overwhelmingly difficult to convince banking institutions and scores of other online lenders that you're indeed an eligible loan applicant. Even if someone knows you're financially stable and in a position to pay back a loan amount on time in full, they'd still want you to reduce paper records!

The Problem 
You want fast cash and you can pay back the loan on time. But, nobody is prepared to loan you money! The problem is, banks and other lenders want you to produce solid proofs of income sources, savings, expenses etc. and it's not always possible. So, a bank may not be prepared to loan you 50,000 bucks to buy a home when you can actually afford to buy a home worth 300,000 dollars! That's when low doc home loans come handy!

The solution 
The solution to the problem stated above is pretty simple - self declare the income and apply for a low doc loan right away! Yes, it's that easy and it doesn't take much time either. You can have a bank statement or accountant's letter support your self-declaration of income. It's fairly easy to arrange for either of the two, isn't it?

You can save yourself from the trouble of arranging for tax returns and other financial records in order to arrange financing. Low doc home loans are approved very quickly and within no time, you can close a deal without any headache at all!

Nowadays, even specialized low doc loans are available for applicants who do not happen to have a perfect credit history. Others willing to build new dwellings or extend existing ones too can avail the benefits of home loans that require low documentation.

What does it take to get fast cash with a low doc loan? 
In a nutshell, you need to be a self-employed person (freelancer or own business, for example) in order to be in a position to self-declare your income. You need to have an active ABN too. You'd to submit either of the following to support the income figure declared by you:

1. Accountant's Letter 
2. Business Banking Statement 
3. BAS

Low doc loans are as good as other loan schemes 
Just because low documentation home loans are approved easily and involve little or no hassles at all does not imply they are less useful/flexible as compared to traditional loan schemes. These loans can be used for all kinds of residential/commercial property transfers or purchases. Whether you're an individual or a business organization looking to buy or refinance a property, you can avail Low Doc Loans without having to worry about lengthy paper work and ambiguous approval procedures.