The first thing that is evident is that there is less choice available when looking for finance. This is because several of the banks, which were actively lending to foreign investors have stopped doing so, these would include BBVA and BCP. That said, there are still other banks that remain in the market, just less of them.The banks that remain however have more stringent terms for their lending. Products, which were available at 75% loan to value in 2007, are now reduced to 60%. Banks are looking for high net worth clients and interest rates are far higher. Lenders are seeking to improve the quality of their lending books and this is reflected in their policy.With certain lenders, it used to be the case that if you managed to negotiate a price well below the market value, you could achieve a 100% loan against the price, as the lenders would allow the loan percentage to be a reflection of the valuation. This is no longer the case, far more conservative lending policy now no longer allows this and even if you get a discount you’ll be restricted to a percentage of the purchase price.Although these changes to lending criteria have restricted the availability of lending, there has been a positive side to this. The market is now far more realistically priced that it was 4 years ago, this is reflected in the valuations that are coming back from surveyors. Judith Price at Caixa Geral de Depositos told me last week “in my experience valuations are all coming in at purchase price or slightly above”. Realism in any market is a good thing as it leads to stability and confidence.There are of course still over riding factors which could destabilise everything, you only have to look eastwards to Greece to see where these originate. In September there were some purchases that fell away over the Greek problems and the IMF moving in. The cost of money went up and these increases are passed on to the end borrower.As far as actual development finance is concerned, the picture is even bleaker. Weak demand and falling prices have meant that there are many projects already at a stand still and lenders are of the view “why lend on more?”So are there any good bits of news and what should investors consider?To start with, variable rate loans in Portugal are usually linked to Euribor, When looking at 6 month Euribor, in March 2011 it stood at 1.352%, in September 1.755% but now stands at 1.505%, so it is possible that barring other financial shocks, rates may have passed their peak.Bank loan margins are still high though, because of the cost of money, so it may be better to consider a fixed rate product for the next few years.Portugal still offers good value for money and with Sterling’s recent strengthening against the Euro this has again improved. Investors should also consider whether they could raise finance in their own country at a cheaper rate than those available in Portugal, although this needs to be weighed against having Euro debt against a Euro based property if their own currency is outside the Euro zone.Remember that finance is more difficult to obtain across Europe. Portugal remains a wonderful country with far better value in the property market, than a few years ago. Whilst the economy still has a large debt overhang, the government has taken strong steps to try and bring this under control.
Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing
Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.
One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.
Business Loans In Canada
Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.
1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general
2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing
3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company
Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!
A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!
When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.
How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.
Three basics always emerge when it comes to your search for the right business capital and financing.
1. The amount of financing you need
2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders
3. How the financing is structured to be manageable with your day to day operations
What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business
Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:
A/R Financing / Factoring / Confidential Receivable Finance
Inventory finance / floor planning / retail inventory
Working Capital term loans
Unsecured cash flow loans
Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.
Royalty finance
Asset based non bank business lines of credit
Tax credit financing (SR&ED bridge loans)
Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.
Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.
If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.
Stan has had a successful career with some of the world’s largest and most successful corporations.
His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.
Understanding Skin Care Creams You Need
When you are looking for products that can help with skin problems, you can find different beauty products on the market these days and one of the type of beauty products visible in the exhibition areas of department stores, pharmacies and grocery stores are the skin care creams. You can find skin creams that are created not only to treat condition of the skin on the face, which is the first body part you could think about improving, but you can also find skin care creams for almost all parts of the body from head to toe.Skin creams are created to help improve every skin type and condition. Several skin cream products produced has been added with different ingredients for different purposes. There are ingredients that are added to just treat or improve and some just to control certain parts of the body if in care skin irritations may occur. On the other hand, some products today were created to help treat and improve certain parts of your body that needs skin care.Skin care creams are designed to find a product that could both meet their needs and could give you a right to feel good after use. These skin creams were made for specific areas of our body. There are creams for the skin of the face, hands and feet. Each body part has different skin conditions and have different treatment needs.Face Creams: There could be many times that irritation may happen on the skin which may have an effect on every individual of all ages. When your face becomes dry, getting wrinkles and acne are common concerns of women when it comes to their face. One example is the appearance of unsightly pimples that comes with acne break out which is part of an inflammatory disease of the sebaceous glands and hair follicles of skin.Several skin care creams that were developed and manufactured could be seen on the market which could help clean the pores and tighten skin, improve its appearance to meet the frustrating skin conditions. Today, there are many popular methods on how to deal with acne skin care and many of them involves the use of herbs or natural ingredients that are safer to use.Many women today are increasingly aware of their appearance and are expecting to achieve a more youthful appearance by reducing signs of aging that could be developed in the face when one will come of age. Extreme exposure to sun or improper skin care displays over time causing a number of women and men alike who are aware of how they are to resort to skin care creams for wrinkles or a product that could help reduce the appearance of aging.There are many products for skin care that is specially designed for the face that are visible in the market today. Some of these products are manufactured and developed by popular brands of beautification. These products like Neutrogena and Olay oil were produced for many different skin types like dry, oily and sensitive.When you are thinking of buying any skin care cream product that is especially created for the face, you must always remember that not all ingredients of the product can produce the desired results one would like to obtain. There are even ingredients that could worsen the situation if it can cause allergic reactions or any skin irritations because not all ingredients are for all skin types.This is the reason why it is very important to test a minimum amount for exposing a portion of the face before applying in full in the face.Hand Creams: These days, there are also skin care cream that are made for the hands which are available in markets that are very useful. These products are created for the hands so that we can avoid showing your hands dry, scaly or cracked. This unpleasant sight could be avoided by the application of hand lotion on a daily basis that is required for the hands to keep it supple and young. The signs of aging hands can be seen through spots and wrinkles. The hands are less likely to use every day when there is more moisture.Some people may realize that their hands also demand for moisture and hydration because of a skin condition that they have acquired such as eczema, skin redness or dry, cracked appearance.Going through these skin conditions, the first step to do is know the reasons or the causes of skin irritation, and seek a solution or skin creams that could be used for hands. Very often, the causes of skin irritation is the type of soap or detergent you are using or could be the frequent washing of hands. One of the best ways to keep your hands hydrated is through the use of hand creams.Most often, skin care creams that are really effective usually offer some type of oil or rejuvenating ingredients that came from coconut, almond or honey that is popularly known to moisturize your skin and acts as protection against other causes of sore skin.Skin Cream for the Feet: Foot care is also important as important as face care. The top of the foot and the heel has great potential to become very cracked and irritated so there are skin care creams that are specially made to comply with inflammation of the skin.A foot could felt really itchy when it needs serious moisture. During the winter season, the use of skin creams for the feet is highly recommended especially if it is damaged. Look for skin products with mint, vitamin E, rosemary or other important oils that could help restore softness and smoothness of the skin when in search of a cream that is really good and effective for the feet.You might find too many options to consider when looking for products for the skin care. Each skin care products are made to almost all parts of the body. You can find them at the local grocery store or get them online.Skin conditions such as stretch marks that develop during pregnancy or when you gain weight rapidly can be treated sometimes with the use of skin care creams as many creams these days that are specially created to combat the appearance of cellulite.Regardless of skin condition that you might be going through, always remember that there is always a better and newer skin care products that can meet what your skin needs.