12
Oct/11

Film Tax Credit Financing in Canada – Accelerating Payment of your Tax Credits

by under Financial Advisor

Article by Stan Prokop

Film, television, and digital multimedia financings are always a challenge to Canadian based productions, but recent trends in the industry allow for a number of new and aggressive ways to finance your ongoing productions. For many participants the playing field is somewhat complex, as it is a mixture of industry, government and private sector financing that ultimately bring financing and cash flow to the success of your work. No one seems to be disputing the tremendous growth in the industry, particulary in Canadas major entertainment centres of Toronto, Vancouver, and Montreal.

Canadian content is king when it comes to financing strategies. As the industry if financed on a much larger scale in the U.S. there is always a challenge for Canadian productions in all entertainment sectors to find both short term working capital and significant long term capital and equity. The support the industry is getting from both provincial and federal sectors continues to be quite overwhelming.

The financing of tax credits in film, tv, and digital media, either through the Scientific Research and Experimental Development program, of the various other supported programs is one of the strongest ways to achieve interim working capital and help to balance your debt/ equity investments in any particular production. The good news is, that with the experience of a trusted and credible financing advisor in this area even accrual financing can be applied to these sorts of tax credits. That only means one thing of course – getting your funds immediately, and not waiting for the ultimate tax credit refund under the particular program under which your production is domiciled.

We are often asked if Canadian chartered banks play a role in these types of financing, and the answer is – yes, but very selectively. We have met and worked with specialized personnel from the banks in the area, and they clearly are ‘ boutique functions ‘ of the bank as a whole. Naturally though access to funds themselves is not a problem, as Canadian banks continue to be a world leader in liquidity, tier one capital levels, and access to funds.

So how do entertainment entrepreneurs access this capital. We simply believe that you must seek and search out experienced, trusted and credible advisors in this area. Financial people tend to be somewhat unable to predict ‘ hits and misses ‘ in the entertainment and media sector, we’ll let the creative type do that, but if there is access to financing available through areas such as tax credit financing, gap financing, accrual financing, etc its safe to say lets let the financial people handle that!

In our experience tax credit financing tend to be a minimum of 200k+ and up in Canada, and can of course go into the millions of dollars, so access to capital and who you are working with is very important. Naturally since out tax credit system and the financing of those credits infers a ‘ Canadian content ‘ ‘Canadian Equity ‘ requirement the additional pressure of having to finance just in Canada by virtue of the tax restrictions places just a bit more challenge of financing.

When does tax credit financing work best – In our opinion its when current programs are maximized and monetized simply from a timing perspective, accessing your capital now, not at some later point in time.

Your ability to discount now that future receivable or revenue stream is one of the greatest tools you have in financing prodcutons and content from a debt perspective. Actually its not even really debt, because you are simply monetizing or discounting an asset such as a tax credit receivable. You are raising cash flows against current receivables.

In Canada there is several billion dollars of tax credits awarded annually to the industry, so the ability to monetize these prior to final approval and audit, subject of coruse to your certification eligilbility, is one of your greatest assets from a financing and cash flow perspective.

Stan Prokop is founder of 7 Park Avenue Financial – http://www.7parkavenuefinancial.comOriginating financing for Canadian companies,specializing in working capital, cash flow, and asset based financing, the 6 year old firm has completed in excess of 45 Million $ of financing for companies of all size. For info and free consultation on Canadian business financing and contact details see: http://www.7parkavenuefinancial.com/Film_Tax_Credit_Financing_in_Canada.html










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11
Oct/11

Film Finance Canada – Tax Credit Film Financing

by under Financial Advisor

Article by Stan Prokop

Producers and owners of Canadian content in the areas of film, television, and animation credits are not always aware that they have the ability to monetize or cash flow their Canadian tax credits in Canada. The three types of productions that we have referenced are provided with solid financing assistance from the federal and provincial governments in Canada. Your ability to monetize these tax credits, and turn them into cash flow at time of filing, (or in some cases before) can make or break the overall financing success of your venture. Successful results can be achieving by working with a credible, trusted and experienced finance partner for your tax credit financing in Canada. The financing of these tax credits creates, in effect premium additional cash flow to allow you to enhance your initial equity and debt and gap financing strategy. Let’s use a simple example wherein a Canadian produce in film, TV, or digital animation is financing a venture through equity and debt, and let’s say it’s a 50/50 proportionate relationship. The non equity portion of these ventures is often balanced with some sort of distribution agreements in Canada or elsewhere in the world. One strategy you could consider is to of course ensure prior to commencement and production that you qualify for and are eligible for the maximum amount of tax credits related to your venture. Let’s say our example consists of a 1 Million dollar independent film, and there is a 500k equity and debt component respectfully. In our example, if properly qualified and document the film owner, producer, etc can qualify for a tax credit that might easily come into the 200k-250k range. Is that the end of our example? Absolutely not – what we are saying is that you can immediately finance that claim, either at time of filing, or in some cases earlier, and utilize that cash flow for all sorts of purposes related to your venture / production.As Canadian production and content continues to play a hefty role in the producing of Films, direct to video, pay per view, and digital products the ability to finance these ventures is always a challenge. Very few of Canada’s banks and large financial institutions play a role in this type of financing; we therefore recommend to clients that they seek out the expertise of a credible, trusted and experienced advisor in this area. Maximizing your claim value and eligible cash flow are of course the rewards of working with the right party. Larger and well known studios require financing also, but the true challenge is for independent producers and their investors who have budgets that are often ten million dollars and under, sometimes quite significantly under that threshold we just referenced. The reality also is that the industry seems to be breaking all records in areas of growth and economic activity and new forms of content and distribution. The bottom line is that as demand increases and distribution structures improve the need for financing and tax credit financing in Canada is also increased.If a production can be properly pre-sold and distributed, and tax credit financing utilized as an integral role in initial production cost financing – well, that simply creates a perfect formula for financial success. To be successfully financing a production must have the proper amount of leverage, different exit and distribution strategies, and the proper utilization of tax credit and tax credit financing.Working with the proper parties can often achieve 50-75% immediate financing of your tax credits in Canada. The remainder is of course simply a buffer for the lender to allow for financing costs themselves, and any time lapses in the final approval and cheque from federal and provincial players that regulate the new generous tax credits. Tax credits are increasingly generous in Canada – just in the last year or so a number of enhancements have been made to the various programs at various levels of government. Take advantage of these credits, and further investigate monetizing those credits at time or filing of prior to maximize the cash flow and overall financing strategy of your film, TV, or animations projects.

Stan Prokop is founder of 7 Park Avenue Financial. Originating financing for Canadian companies, specializing in working capital, cash flow, and asset based financing, the 6 year old firm has completed in excess of 45 Million $ of financing for companies of all size. For info and free consultation on Canadian business financing and contact details : http://www.7parkavenuefinancial.com/Film_Finance_Canada_Tax_Credit_Film_Financi.html










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10
Oct/11

What is a Masters in Quantitative Finance and how is it different to an MSc in Finance

by under Financial Advisor

Article by Kavita Singh

If you have looked into pursuing an MSc in Finance, you may have come across other degrees that sound similar such as a Masters in Mathematics of Finance, a Masters of Financial Engineering or a Masters in Computational Finance. Several aspects of these courses overlap. So what’s the difference?

The MSc in Finance is intended to prepare students for a wide range of careers both inside and outside the financial industry. It aims to produce finance generalists, whereas these other programs aim to train “quants” – namely specialists in derivatives, fixed income, alternative financial instruments and risk analysis.

Many MSc in Finance programs have no work requirement at all and enabling younger students to apply for MS programs. However, as this is not true for all programs – London Business School and Cambridge University requires that MS applicants have relevant work experience in the finance industry – make sure you understand the requirements in advance.

Some people are confused as to whether they should pursue a MSc in Finance or an MBA with a specialization in Finance. Both degrees can lead you to positions in investment banking and corporate finance. MBA programs have a broader management focus with an emphasis on leadership, while an MS degree enhances your knowledge and skills in specific area which then, which in turn enhances your career and job potential in that specific area. Talk to people in the industry to understand the difference in these job functions, to help you assess what career path you want to pursue. And start planning early in college, so that you have time to explore which career and degree most suited for you. The MSc is generally a 1 year degree and so it is approximately half the cost – a significant advantage.

Even if you decide to pursue a more ‘quant’ degree, you could still end up with a more generalist finance career. Amit Sanghani, who holds a Masters in Mathematics of Finance from Columbia University, says he leveraged the program as a “springboard to get into the finance industry”, joining Bank of America after graduating to work in structured finance. However, if you do want a ‘quant’ job, then an MSc in Finance will not get you there. If you have a computer science background, are strong in mathematics and are interested in finance, a more ‘quant’ based career may well be right for you. If the rest of this article makes your head spin or puts you to sleep, a career as a quant is probably not the right one for you.

So what exactly is a Quantitative Finance’? It is broadly about the Mathematical aspects of Finance. It is a study of the mathematical theories that are used to price and structure the various sophisticated financial instruments used by banks and hedge funds. Although the original ‘quants’ were concerned with risk management and derivatives pricing, the meaning of the term has expanded over time to include those individuals involved in almost any application of mathematics in finance for example statistical arbitrage, algorithmic trading, and electronic market making.

An advanced degree is necessary for most entry level positions in this field. After a Masters in Quantitative Finance you could pursue a career in the following areas:

* A front office or desk ‘quant’ interacts with traders directly, and give trading books an edge through different methods such as time-series analysis, and discovery of predictors/indicators. The objective is to determine prices, manage risk, and identify profitable opportunities. * An algorithmic traders or structure in the Sales and Trading divisions of banks. As an algorithmic trader you would develop trading strategies that exploit the inefficiencies in the market to create wealth. While an algorithmic structurer typically builds the computational tools to model these trades. * In portfolio analytics and risk management you would design the mathematical tools to construct optimal portfolios and manage their risks. Risk management has grown in importance in recent years, as the credit crisis exposed holes in the mechanisms used to ensure that positions were correctly hedged * A quantitative developer. You would develop robust and scalable implementations for the quantitative models that are created by the research guys. * A model validation quant independently implements pricing models in order to check that models are correct.

If you want to get into developing new quantitative models, then you will need a PHD to break in.

And the best Universities to study at if you want a career as a ‘quant’? Having looked at employer surveys, blogs and forums the consensus seems to be the following (not listed in any particular order): University of California Berkley, New York University, Stanford University, Carnegie Mellon University, Columbia University, Cornell, University of Chicago, Princeton and University of Michigan. While the degrees are slightly different at each university, ‘quant’ programs typically run one to two years long, are heavily focused on math and have a programming element. Students usually enter these programs either right out of college or after a year or two in the workplace.

Kavita Singh, is an MBA graduate of Columbia Business School and holds a BA (Hons) from Oxford University. She has over 13 years of experience working in the U.S. and India and is the CEO of FutureWorks Consulting, http://www.futureworks.co.in, an admissions consulting firm










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9
Oct/11

Buying a Franchise – 3 Things You Must Know About Franchise Finance and Franchise Loans

by under Financial Advisor

Article by Stan Prokop

Clients are always asking what extra steps or information they need to know to complete a successful acquisition a new or existing franchise. Buying a franchise, it goes to says, is clearly one of the largest decisions any entrepreneur might take. Of coruse there are a couple of different versions of the opportunity, as follows – Purchase of a new franchise – Purchase of an excising franchise that is for resale by current owner- Purchase of an additional unit in your chain when you own one alreadyAre there any special tips and critical pieces of information you need to know that will get you a leg up on a ‘ leg up ‘ in the area of franchise finance. Let’s share and discuss three critical points.1. Franchise Finance is a very specialized type of financing – financing options are available but not unlimited – you need to know what they are2. There is a chance for franchise financing failure if you do not have the proper fundamentals in place and are exploring numerous options at the same time – ‘flailing around is not good!3. You might significantly benefit by using the services of a franchise consultant in the area of business financing Lets review our point # 1 – Business financing in general has always been a challenge. Specialized financing in any area of business is a unique challenge because of limited options and a limited number of players. Players = lenders! If you accept business financing is difficult then you can imagine the severity of the challenge in the 20010 global economic crunches that we still seem to be in.So is it all negativity and bad news. Not necessarily of course if you are informed and prepared. Let’s unveil the mystery of franchise financing. How exactly are the majority of franchises financed in Canada? The options are exactly as follows:- A special Government programme called the BIL program under which the majority of franchises in Canada are financed- Owner equity – your own deposit into the deal- Equipment and asset financing- Working capital cash term loan – typically a 5 year payback- Vendor financing ( if available – more often than not it is not )- Revolving line of credit for ongoing operating needs and growth!With respect to the last point we would emphasize that while it is of course important to structure a proper financing around your franchise purchase many business owners forget to consider how they will finance the business on an ongoing basis, and more importantly, how growth options will be financed.It is critical for you to understand that it is very rare that any one option will get you the full financing you need. The reality is that it will be a select combo (and that’s the expertise you require) to fully finance your business with any number of the above options.We point out in our key point # 2 that you must be prepared. This is where many clients tell us they have failed in the past – they have not prepared a proper business plan and executive summary. We encourage you to prepare a proper business plan, understand what your opening balance sheet will look like, and most importantly, understand the cash flow needs of your business. For example, if you take the time to sit down and do all the numbers ( this is actually easier than you think ) you could find that in month one and 2 and 3 that you might be experiencing negative cash flow. If sales ramp up slowly and you have negative cash flow then clearly you will have problems which could accelerate and dampen the overall success of your business. Finally, consider using the services of an experience, credible and trusted franchise consultant that can guide you through the financing maze. Having that party properly prepare a business plan, opening cash flow, executive summary, and proper financial projections is worth a small fee you might be charged. Business financing in Canada dried up in 2008 and 2009 – franchise financing is still alive and well though. Many lenders view franchise financing even more positively than other types of businesses and industries – the reality being that there is a greater chance of success for a brand that is proven and known, and has a reliable business model of proven success.Know your franchise options, be prepared in executing on those options, and consider italicizing a franchise consultant to complete your franchise loan and overall funding. That’s a solid plan!

Stan Prokop – founder of 7 Park Avenue Financial – http://www.7parkavenuefinancial.comOriginating business financing for Canadian companies, specializing in working capital, cash flow, asset based financing. In business 6 years – has completed in excess of 45 Million $ $ of financing for Canadian corporations.Info re: Canadian business financing & contact details:http://www.7parkavenuefinancial.com/buying_franchise_franchise_finance_franchise_loans.html










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8
Oct/11

Why Asset Finance, aka Asset Based Lending is the Ultimate Working Capital Financing Solution to your Business Challenges

by under Financial Advisor

Article by Stan Prokop

Can you please explain asset finance, or asset based lending to me? Is a common question we get from clients who want more information about Canada’s newest business financing solution? They keep hearing how this solution has solved the problems of their competitors and want to know more.So is it a difficult concept to understand? Hardly. Asset based financing, often called ‘ABL’ by those in the industry, is simply the method of obtaining the maximum working capital you need from your assets, which include typically receivables, inventory, and in many cases some equipment and/or real estate. That’s as simple as it gets. It is a little different when we explain how the whole process works, but simply view it as your ultimate working capital tool for financing your business.Although it’s been in existence for many years, in the past asset finance or asset based lending (we also call it a ‘working capital facility “) is coming into vogue. It doesn’t take rocket science to understand when, given traditional financing almost totally collapsed in the 2008-2009 global meltdown, and customer began searching for options and alternatives to their business financing needs.Lenders like asset based financing simply because they are using their expertise and knowledge in your assets to help you cash flow your business.Although many companies turn to asset based lending when they cant access traditional bank financing the reality is that this type of financing has some unique characteristics that allow you to utilize the financing for major expansions, acquisition of a competitor, or even more common, a ‘bridge ‘financing prior to re structuring your firm and accessing the traditional capital markets again.As we stated, it’s very simple for us to explain to clients what an ABL facility is, it’s a bit more complicated to get them to understand how it works. The best way to explain it though is to simplify it all and say that you should consider asset finance via a working capital facility as simply a ‘ revolving line of credit around all your business assets ‘. Can that be anymore simply to understand? We don’t think so.Typically the process is as follows – After the traditional ‘ application ‘ process there is an agreed upon value put on all your business assets – as we said, 99% of the time the assets under this financing include receivables, inventory, equipment, and in some cases real estate. The most common assets though are receivables and inventory.Your firm provides regular monthly, and in some cases weekly updates on the values of these assets, and you in turn use your regular bank account to draw down on funds, as you need them, to run your business. Similar to a bank revolving line of credit facility your asset based financing facility fluctuates everyday as a dollar of capital flows through your business – you purchase product, you generate a receivable, you collect your receivable, and of course the process repeats itself. The beauty of this type of facility is that as your assets grow the line of credit grows with you – you can truly say that you have unlimited financing.Asset based financing, or asset finance in Canada is highly specialized. Speak to a trusted, credible business financing advisor in this area to ensure you understand the options, and of course the benefits, of this unique and creative method of business financing.

Stan Prokop – founder of 7 Park Avenue Financial – http://www.7parkavenuefinancial.comOriginating business financing for Canadian companies, specializing in working capital, cash flow, asset based financing. In business 6 years – has completed in excess of 45 Million $ $ of financing for Canadian corporations.Info re: Canadian business financing & contact details:http://www.7parkavenuefinancial.com/asset_finance_asset_based_lending.html










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6
Oct/11

Property Development Finance For UK

by under Financial Advisor

Article by Methew Gilcrist

The world is facing a lot of economic problems in today’s time, the real estate market was on boomed some years back but again its falling down just because of maintenance costs is going on height. In today’s modern times various lending establishments are starting to exhibit signs of property development finance, they are trying to offer you fund for your property.

They are beginning according to the requirement of demonstration to decrease loan to cost with the property finance company to achieve a successful and positive outcome of any property development finance application.

Professionals of property finance are able to cooperate with your application in the developing finance. They do their best to finance you a lending establishment. Your broker will help you in developing appraisal on your project, which will ease to communicate with the lenders and promote benefits and merits of the definite deal.

Offers Assist by the Lenders

There are various companies of property finance who are providing commercial as well as home property loans. It is offering you secured loan and this property is used as a security. These properties also help you in buying another property with the support of security.

Belgravia property finance can be used to purchase commercial investment, residential investment and all kind of development properties. You can take this kind of loans from all the banks and your choice of finance institutions. Although, there are several rules and conditions to apply your applications to get these finance.

It is better to take advice from mortgage brokers otherwise trying from your side only can waste your time. They are right direction maker and make you able to choose your right financer according to the requirements. One of the major parts of these property finance that you have to pay your payments on time, if you will not follow these then it can take you up to repossession condition by the finance provider.

Property development finance is a special financing loan that offered by the developers for commercial and residential projects. These kinds of loans have fewer risks on lenders, because they know about their buyers and will receive money when the property sells. So they help in financing deposit loans and interest with the only condition of repayments terms deposit on any kind of circumstances. Property finances usually a short type of financing loans that may take your 18 to 24 months. To get the details of loans developers must know that they are willing to make decent profits after any type of losses.

If you are searching for lenders to finance property development then you can visit to our company website to get the all information, these details may help you in getting all the related rules and condition of property development finance. It’s a short period of loans that are available for various kinds of development projects. We will feel happy to serve your services. Feel free to contact us. You can visit to our company site at belgraviapropertyfinance.co.uk

Amer Khan is a well known property writer who has been writing articles for belgraviapropertyfinance.co.uk for many years. He has established a remarkable place in property and finance industry. To get more information about property development finance please visit our site http://www.belgraviapropertyfinance.co.uk/










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5
Oct/11

Test the water of overseas rental business Zoomlion signed the first single – finance lease – Constr

by under Financial Advisor

Article by jekky

INTERMAT Paris Exhibition Zoomlion Booth Recently, an Australian builder and Zoomlion (20.99,0.00,0.00%) Finance leases (Australia) Ltd signed a financial lease contract, the contract amount of about 70 million Australian dollars. Zoomlion delivered to the other required 43 meters of their truck.

It is understood that this was in March the company Zoomlion Sun Zoomlion finance leases (Australia) Ltd signed since the establishment of a contract is Zoomlion win in the No. 1 overseas document financial leasing, is also China’s machinery enterprises in the overseas signing of the first single-equipment rental business.

5 15, at Sheraton Changsha Hotel, Zoomlion Assistant to the President and Chief Financial Leasing general manager Wanjun the “Securities Daily” reporters, said this business is just “kill a small scale”, now a second tranche of 1.3 million Australian dollars of the contract are doing, “details the sort.”

International market liquidity crunch Zoomlion test the water of overseas finance leasesAlthough the contract amount is not large, but in the past, Zoomlion If you want to provide financial leasing services must be through a local third-party companies.

By convention, the Chamber of Commerce building in Brisbane, Australia to find local in Zoomlion Proxy Business, and agents will go to local leasing companies, the two sides together to provide services to the businessman, led the deal.

However, under current Financial Impact of the crisis, liquidity crunch, making the local leasing companies in difficulties, seeing it would miss a single sale. In March this year the newly established financial leasing Zoomlion (Australia) Limited has changed the traditional trading process. Thereby beginning of this article appeared in the scene.

Wanjun that this is a native from China’s financial leasing company, signed the first overseas financial leasing contract, marking the beginning of Chinese enterprises by way of finance leases affected by the financial crisis to the Western developed countries into the mobile market sex.

International markets Construction Machinery Most are sold through financial leasing, Zoomlion in the implementation of international strategy, especially when last year’s acquisition of Italian CIFA company, target market countries use an independent third party financial leasing company, rather “invaders” of sense.

As Zoomlion brand awareness and market within the framework of international reserves is much lower than CAT, elephants, Terex and other traditional first-line brand, local financial leasing company in the United residual value of equipment can not judge, The residual value is a financial leasing program design and pricing of key factors, which lead to an independent third-party leasing companies either refused to provide financing to the joint equipment rental services, or asking for higher, while the financial crisis has also led to the financing of leasing companies overseas contraction of the business. This makes the associated credit sales at a competitive disadvantage.

“Bank credit system of high, low-cost financing; rich market judgment; Marketing Network integrity, can achieve cross-selling. “Wanjun listed in the joint at home and abroad to establish their own three advantages of financial leasing companies, that in Western countries affected by financial crisis, market liquidity odd tight case, the main target countries to build their own financial leasing companies “imminent.” This will be used in conjunction strong financing capacity in the Greater China and the Chinese financial system with ample liquidity, as the joint products in the overseas sales to provide strong financial support, as Zoomlion internationalization process of the booster.

Wanjun that “finance lease is to promote the sale of innovative financial tools.” Finance lease, especially the Department of financial leasing companies can provide customers with more flexibility than the banks, more customized financial services, such as matching customers cash flow, construction of the project and progress.

This highly customized financial services can be a strong boost sales, Zoomlion in 2008, only a cautious start trying after the second year of a finance lease, finance lease products sold by the total reached about 24 billion, accounting for all of about 18% of total sales, reflecting 60 million yuan of profits.

Plans and fund-raising 1.4 billionReplenishment of the Financial Leasing CompanyThis year in March, Zoomlion through wholly-owned subsidiary of Zoomlion (Hong Kong) Holdings Limited, a wholly owned subsidiary of Zoomlion Leasing (Hong Kong) Co., Ltd., invested 80 million U.S. dollars to establish the joint re- Branch Financial Leasing (China) Limited, responsible for finance leasing business in mainland China.

At the same time, for Zoomlion target the overseas market, Zoomlion Leasing (Hong Kong) Limited funded the establishment of a finance lease Zoomlion (Australia) Limited, Zoomlion finance leases (Russian ) Co., Ltd., and in full swing in Italy, India, Brazil, South Africa, build financial leasing companies.

4 21, Zoomlion and fund-raising 5.6 billion is expected to launch non-public issuance of plans, including finance leases 1.4 billion global service system, used to Zoomlion Leasing (Hong Kong) Limited capital increase.

Man Kwan pointed out that Hong Kong as a global financial center for the future operation of financial leasing companies to provide multi-currency, lower cost of capital, but also facilitate the arrangement to eliminate the risk of currency mismatch required for hedging. Zoomlion future lease (Hong Kong) Limited as Zoomlion investment financing leasing the main headquarters and consolidated financial statements, and financial leasing operations in the United currently subject?? Beijing in conjunction emerging construction machinery (7.18,0.00,0.00 %) Leasing Co., Ltd. will gradually fade out.

Man Kwan pointed out that the engineering machinery products with high single value, versatility, and then flow easily, and basically do not need fixing in the building, the easier recovery, these qualities make it applicable to finance leases to retain this property as assurance measures of financing.

“Finance lease is also an important source of profit and smooth the economic cycle tools.” Wanjun think.

According to report, financial leasing company is a source of profit for the first spread, from banks or other financial institutions to lease assets in support of the ABF financing costs and interest charges to customers the difference between the bank or other financial institutions Based on the financial leasing company leased asset management and risk control ability and willingness to provide lower cost of funds; second, management fees, the equivalent of banks in the middle of business income, the third is the re-equipment recovery resulting from disposal of

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4
Oct/11

Consumer finance companies to be in June baked main small loans – home appliances, consumer finance

by under Financial Advisor

Article by hi joiney

(659, ‘ The CBRC announced on its official website quot Consumer br Financial Measures for the Administration of Pilot Draft quot hereinafter referred to as management practices to the community for public comment After one month for comment formal quot Trial Measures quot will be introduced the CBRC in Beijing Shanghai Chengdu Tianjin 4 to choose the pilot for consumer finance companies br br Hold media briefing yesterday the CBRC the CBRC non bank Financial Institutions Supervision Department deputy director Ren Chenqiong introduced such as other city related needs you can continue to apply to the relevant authorities br br So called consumer finance company is approved by the China Banking Regulatory Commission set up in China does not absorb public deposits to small scattered on the principle as the residents of China to provide consumer loans for the purpose of non bank financial institutions br br Chen Qiong said the consumer finance company set up such a new class of financial institutions China 39 s economy from investment oriented to the changing needs of consumer oriented quot through the establishment of consumer finance companies can promote the growth of personal consumption so as to promote manufacturing and retailers production and sales growth and promote the needs of related industries changes in GDP on exports and investment in fixed assets over reliance quot br br To further expand domestic demand According to Chen Qiong introduction the CBRC since the end of 2007 the financial sector to foreign consumer research Earlier this year China Banking Regulatory Commission submitted a consumer finance company set up referrals and experiments approach and solicit the Development and Reform Commission Ministry of Finance the Ministry of Commerce and the central bank the State Council Legislative Affairs Office of the comments The views of the State Council has approved and will begin trial operations of consumer finance companies State Council in Beijing and Shanghai Chengdu Tianjin four cities namely to establish a consumer finance company br br Consumer finance company 39 s registered capital shall be paid one time monetary capital and the minimum amount of 300 million yuan or the equivalent in a freely convertible currency br br Chen Qiong said the registered capital requirements with reference to other non bank financial institutions in China 39 s registered capital requirements Also taking into account the consumer finance company 39 s business volume is not open early if too many demands capital will result in idle funds to increase the capital cost br br Not involving mortgages auto loans Qiong Chen said that in foreign countries consumer finance is all walks of modern consumers with consumer loans br br Service Way in the mature markets and emerging markets have been widely used There are two major consumer finance provider a consumer finance company is a professional there is a traditional commercial bank br br As consumer finance companies not involved in resident deposits corporate capital comes mainly from its own capital After expanding in size consumer finance companies can apply to issue bonds but also to bank loans Single line of credit small professional company approved faster the amount in between a few thousand dollars to several million no security and flexible service short term loans br br Qiong Chen explained that the general consumer loans in order to prevent misappropriation experimental approach provides consumer finance company to release a general purpose personal loans for personal consumption amount the borrower shall not exceed the previous maximum amount of single loan payment Consumer finance companies not to the first company to apply for loans from the borrowers paid personal consumption loans for general purposes This means that only the consumer durables loans had been made reputable customers to get this loan br br Personal consumer durables consumer finance company loans is through the distributors released to the borrower for the purchase of agreed household appliances br br Electronic Products durable consumer goods excluding housing and br Car Loans General purpose loans for personal consumption is the consumer finance company paid directly to the borrower for personal and family travel br br Education Decoration br Matters such as consumer loans ‘)

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3
Oct/11

Avoid Scam, Learn About Asset Based Financing

by under Financial Advisor

Article by Richard Shaw

Shaw Capital Management and Financing tips on Why a Business Asset Based Loan Financing Is the Perfect Solution for Cash Flow in CanadaShaw Capital Management and Financing provide same-day-funding. We can help you meet your cash flow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full. You are a Canadian business owner and financial manager looking for info and guidance on a business asset based loan. What is asset based loan financing, sometimes called cash flow factoring – how does it work, and why could it be the best solution for your firm’s working capital challenges.Let’s cover off the basics and find out how you can benefit form this relatively speaking new form of asset financing in Canada.A good start is to always understand and cover off some basics around what this type of financing is. Simply speaking the facility is a loan arrangement that is drawn down and repaid regularly based on your receivables, inventory, and, if required, equipment and real estate should your firm possess those assets also.By collateralizing your assets you in effect create an ongoing borrowing base for all your assets – this feasibility then fluctuate on a daily basis based on invoices you generate, inventory you move, and cash you collect from customers. When you need more working capital you simply draw down on initial funds as covered under your asset base.Your probably can already see the advantage, which is simply that if you have assets you have cash. Your receivables and inventory, as they grow, in effect provide you with unlimited financing.Unlike a Canadian chartered bank financing your business asset based loan financing in effect has no cap. The alternative facility for this type of working capital financing is of course a Canadian chartered bank line of credit – that facility always comes with a cap and stringent requirements re your balance sheet and income statement quality and ratios, as well as performance covenants and personal guarantees and outside collateral. So there is a big difference in the non bank financing we have table for your consideration.Your asset based lender works with you to manage the facility – and you are required to regularly report on your levels of A/R and inventory, which are the prime underpinnings of the financing.Smaller firms use a particular subset of this financing, often called factoring or cash flow factoring. This specific type of financing is less transparent to your customers, as the cash flow factor might insist on verifying your invoices with customers, etc. A true asset based loan financing is usually transparent to your customers, which is the way you want it to be – You bill and collect our own invoices.If our facility provides you with unlimited working capital then why have you potentially not heard of it and why aren’t your competitors using it. Our clients always can be forgiven for asking that question. The reality is that in the U.S. this type of financing is a multi billion dollar industry; it has gained traction in Canada, even more so after the financial meltdown of 2008. Some of Canada’s largest corporations use the financing. And if your firm has working capital assets anywhere from 250k and up you are a candidate. Larger facilities are of course in the many millions of dollars.The Canadian asset based financing market is very fragmented and has a combo of U.S., international and Canadian asset finance lenders. They have varying appetites for deal size, how the facility works on a daily basis, and pricing, which can be competitive to banks or significantly higher.Speak to a trusted, credible and experienced business financing advisor and determine if the advantages of business asset based loan financing work for your firm. They have the potential of accelerating cash flow, giving you cash all the time when you need it ( assuming you have assets ) and essentially liquefying and monetizing your current assets to provide constant cash flow, and that’s what its all about. Stan Prokop is founder of 7 Park Avenue Financial – http://www.7parkavenuefinancial.com

Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month










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2
Oct/11

Shaw Capital Business Asset Based Loan Financing – The Perfect Solution for Cash Flow

by under Financial Advisor

Article by Richard Shaw

Avoid scam, learn about Asset Based Financing. Shaw Capital Management and Financing tips on Why a Business Asset Based Loan Financing Is the Perfect Solution for Cash Flow in CanadaShaw Capital Management and Financing provide same-day-funding. We can help you meet your cash flow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full. You are a Canadian business owner and financial manager looking for info and guidance on a business asset based loan. What is asset based loan financing, sometimes called cash flow factoring – how does it work, and why could it be the best solution for your firm’s working capital challenges.Let’s cover off the basics and find out how you can benefit form this relatively speaking new form of asset financing in Canada.A good start is to always understand and cover off some basics around what this type of financing is. Simply speaking the facility is a loan arrangement that is drawn down and repaid regularly based on your receivables, inventory, and, if required, equipment and real estate should your firm possess those assets also.By collateralizing your assets you in effect create an ongoing borrowing base for all your assets – this feasibility then fluctuate on a daily basis based on invoices you generate, inventory you move, and cash you collect from customers. When you need more working capital you simply draw down on initial funds as covered under your asset base.Your probably can already see the advantage, which is simply that if you have assets you have cash. Your receivables and inventory, as they grow, in effect provide you with unlimited financing.Unlike a Canadian chartered bank financing your business asset based loan financing in effect has no cap. The alternative facility for this type of working capital financing is of course a Canadian chartered bank line of credit – that facility always comes with a cap and stringent requirements re your balance sheet and income statement quality and ratios, as well as performance covenants and personal guarantees and outside collateral. So there is a big difference in the non bank financing we have table for your consideration.Your asset based lender works with you to manage the facility – and you are required to regularly report on your levels of A/R and inventory, which are the prime underpinnings of the financing.Smaller firms use a particular subset of this financing, often called factoring or cash flow factoring. This specific type of financing is less transparent to your customers, as the cash flow factor might insist on verifying your invoices with customers, etc. A true asset based loan financing is usually transparent to your customers, which is the way you want it to be – You bill and collect our own invoices.If our facility provides you with unlimited working capital then why have you potentially not heard of it and why aren’t your competitors using it. Our clients always can be forgiven for asking that question. The reality is that in the U.S. this type of financing is a multi billion dollar industry; it has gained traction in Canada, even more so after the financial meltdown of 2008. Some of Canada’s largest corporations use the financing. And if your firm has working capital assets anywhere from 250k and up you are a candidate. Larger facilities are of course in the many millions of dollars.The Canadian asset based financing market is very fragmented and has a combo of U.S., international and Canadian asset finance lenders. They have varying appetites for deal size, how the facility works on a daily basis, and pricing, which can be competitive to banks or significantly higher.Speak to a trusted, credible and experienced business financing advisor and determine if the advantages of business asset based loan financing work for your firm. They have the potential of accelerating cash flow, giving you cash all the time when you need it ( assuming you have assets ) and essentially liquefying and monetizing your current assets to provide constant cash flow, and that’s what its all about. Stan Prokop is founder of 7 Park Avenue Financial – http://www.7parkavenuefinancial.com

Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month










, , , , , , , , , , Comments Off more...

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