The hidden costs of funding a business through your mortgage

Category: Business Loans
Published: Friday, 15 January 2016
Written by Super User

Entrepreneur Emily Carding is considering remortgaging herbeachside family home to have more cash in the lead-up to the launch of Designbx, a digital company she is setting up with two other businesswomen.

I want to continue paying down the principal because I need to be considering my future finances at the same time as present needs.

Emily Carding

Cardings method of funding the start-up of Designbxis common among small business owners asmany struggleto obtain finance or small business loans.

She is researching whether to switch from a standard variable loan to a fixed interest rate on her North Curl Curl home on Sydneys northern beaches.



Business Loans Must Not be Used for Personal Need: Vijayawada Collector

Category: Business Loans
Published: Friday, 15 January 2016
Written by Super User

VIJAYAWADA: The objective of Janmabhoomi - Maa Vooru programme is to provide better infrastructure facilities and identify genuine beneficiaries for various government welfare schemes, district collector Babu A has said.

Participating in the programme at the CVR High School here Sunday, he said SHGs in Krishna district in last three months were sanctioned `1,100 crore bank linkage loans. He said those who took loans are not using them properly.

He said those who take loans for business purpose should focus on utilizing the money for setting up business and not use the same for personal needs. He said government had sanctioned 10,000 houses for the city.

He said till date 1.2 lakh Deepam connections were sanctioned in the district.

Mayor K Sridhar said government has come out with plethora of programmes for welfare and development of different sections of the society.

He said people should come forward to avail those benefit and cooperate with city administration to make Vijayawada a model city.

Vijayawada Central MLA Bonda Umamaheswara Rao, municipal commissioner G Veerapandian, special officer G Surya Kumari and others were present.



Venture North loans $30000 to Lake City business

Category: Business Loans
Published: Friday, 15 January 2016
Written by Super User

Venture North is a regional economic development and business financing organization based in Traverse City that recently expanded its service area across 10 counties in Northwest Michigan.

The Working Capital Fund is among five different business lending funds Venture North's operates. It is designed to provide funding for machinery and equipment financing, product line expansion and other uses. Kenny said the 1st Chance Garage loan was used for equipment purchases including a wheel alignment rack and a vehicle lift.

Venture North administers more than $2.5 million in business loans, said Executive Director Laura Galbraith. Visit www.venturenorthfunding.org for information on how to apply for business financing programs.

Venture North Funding amp; Development is the business financing and support division of TraverseCONNECT, a regional economic development organization that includes the Traverse City Area Chamber of Commerce.



SBA loan approvals on the rise as dollar volume plummets

Category: Business Loans
Published: Thursday, 14 January 2016
Written by Super User

A major push by Five Star Bank to increase small business lending in Western New York is contributing to a regionwide boost in guaranteed loans.

But at the same time, the combined worth of those loans is declining - down nearly 30 percent for the first three months of federal fiscal year.