In an era when education is no longer free, money plays an even more important role in the lives of students. Financial burdens cause stress of financial strains placed on students. And here student finance services serve their causes to make them able to avail the quality education. They can often be managed with assistance from the financial adviser located everywhere in the money market.
Under the finance services, you are suggested the following tips:
* Budgeting
* money saving tips
* information, Youth Allowance
* Concessions
* Advice regarding buying a computer
* Fee assistance
* Student loans
* Federal grants
* scholarships
Student finance services are made available to both full-time and part-time students. They are enabled to bear up the burden of expenses related to their studies such as books, stationery, computer or printer fees, food and accommodation, lab charges, technical apparatus etc. In some cases, where there are exceptional circumstances, loans can also be for things like rent or a bill that has arrived unexpectedly. International students can also apply for these services.
Importantly, student finance services are not given for any sort of recreational expense. They do not cover your credit card debt, fines or for any luxury. It is also important to note that loans are for one off expenses. You can not intend to invest the fund on as a regular supplement day-to-day expense.
Rate of interest incur upon the student finance services depends on the sort of service charges. However then, these finance services are cost-effective. And sometimes, services are provided interest free as long as they are paid back within the agreed upon time. Even you can shop around for the cheapest possible service.
A quarter of service providers are out there in the money market. You can locate them even online. Online tool is simple and convenient. It saves a good amount of your time and energy. What all you need to do is to fill out a simple online application. The application is reviewed, and later amount of money is granted. You get the fund you need and invest as per your requirements.
No love or holidays wait for your finances to improve and that’s a fact. As the economy has been improving, more and more couples have been using jewelry financing services to make their dream proposals and weddings come true. This is the most economic and savings savvy way to ease the strain that a big ticket item will put on the budget. After all, shouldn’t your savings be reserved for life’s little hiccups such as: car repairs, medical bills, and home air conditioning issues? It seems a given that the moment you spend your hard earned savings on one thing, there will inevitably be another emergency cropping up that needs immediate attention. Spreading out the purchase of a piece of fine jewelry will help leave some room for life’s little errors in your budget without making the love of your life wait for a ring.
Professional financing services are offered by many reputable full service jewelers as well as through online companies. Financing a jewelry purchase is very similar to buying any item using a line of credit. There are many companies that offer programs with varying rates of interest attached to them. Many widely used finance companies have very familiar names, ones that you may recognize as leaders in the banking industry. The rate that you will be offered is based on your personal credit history and the amount of down payment you are ready to part with. Many companies are willing to help you establish good credit with loans such as these, if you are lacking a long credit history. Be aware that finance charges might be slightly higher in cases such as this. Just as you might shop around for the perfect engagement ring, it is always in your best interests to research financing rates.
If you are considering using finance service in order to relieve stress on your available savings, always be conscious of your real shopping budget. Even though, using a payment plan helps to stretch a big ticket item out into manageable chunks it’s tempting to buy more than you can afford. Resist the temptation to splurge. Trust that you have set a budget that will work for your personal finances. Only buy what you actually would purchase if you weren’t using a payment plan. Could you image having to ask the love of your life for her ring back because you could no longer afford the payments? That is a recipe for disaster! In addition, in the case of an engagement ring, you still have the actual wedding to pay for. Nobody wants to skip their honeymoon either. Jewelry finance services still represent a growing trend of informed savvy shoppers that are using their planning skills for multiple causes. Whether, you are
There are two types of Purchase Orders: Those that are received from customers (called Demand Orders) and those that are issued to suppliers/vendors (called Supply Orders). In today’s economy more and more suppliers are demanding full payment for product before it ships. That can place the manufacturer, distributor or importer in a severe cash flow challenge. Purchase Order Financing is a financial tool used by companies to help meet that challenge.Missed Opportunity CostsWhat would happen if you can’t get your hands on the product you need to fill a customer order? Might you lose the business? If so, that’s a missed opportunity. It means lost profit and a blemish on your reputation.Missed opportunity costs are a major reason why companies are not as profitable as they could be. In a recent article, Abe WalkingBear Sanchez of A/R Management Group Inc., noted “Missed Opportunity Costs (MOCs) aren’t listed on the P&L, but they can have a huge impact on the “bottom line.” Once identified and reduced, MOCs contribute to both increased revenue and a reduction of both Fixed and Variable Costs.”Every business operates on the inflow and outflow of cash. Like blood flow, it is that which keeps the business running. The free flow of cash through the business enhances the ability to sell more product and service (which, after all, is why you’re in business). If cash flow is constrained then a business may not have the funds it needs to pay suppliers and meet operating expenses. That, in turn, can result in missed opportunities.The RackThe Financial Crisis of 2007-2008 created a cash flow challenge for virtually every business. The impact was felt on many levels: General decline in business activity; lines of credit being reduced or rescinded; term loans being called; customers taking longer to pay; suppliers demanding payment prior to shipment; etc.The last two (customers taking longer to pay and suppliers demanding payment prior to shipment) can be the most severe. When these two happen at the same time your business in on a virtual financial rack – being aggressively pulled in two opposite directions at the same time. Cash flow can dwindle to a trickle and missed opportunities will be everywhere.Your Place in the Supply ChainIf your company is the first link of the supply chain (raw material provider) or the last link (selling to the ultimate consumer) the virtual financial rack is less severe as you will only be pulled in one direction. In either location the “pay before delivery” policy makes sense and can limit the severity of the impact.If, however, you’re in the middle of the supply chain, the impact can be severe. Why? Because you can’t ship to and invoice your customer until you have received and/or produced the product. But you can’t take possession of the product (or necessary components) until you pay your supplier. Consequently, unless you have adequate cash flow to cover the supplier demand, you are in limbo. And that could result in missed opportunities.Options for Handling the ProblemIf they are able to qualify, some companies will use a bank line of credit to manage this cash demand situation. Others who cannot currently qualify for a bank line have to wait until payment arrives from customers in order to have the cash necessary to pay their vendors. This greatly slows the flow of business activity. It inhibits growth and profitability.Purchase Order Financing is another option. Purchase Order Financing is a funding method used by middle-supply chain companies to help manage the cash flow demand of acquiring product. A financial service company will advance the funds necessary to pay the supplier so that you can have access to the merchandise. Funds provided are based on hard Demand Orders from your customer that result in a Supply Order to one or more of your vendors.It’s important to note that companies that offer Purchase Order Financing will not engage if you are purchasing merchandise to increase on-hand inventory. That is to say, they won’t pay for merchandise you “hope” to sell. But they will fund the acquisition of merchandise that is pre-sold (i.e., that for which you have Demand Orders from customers).Some Invoice Factoring companies also provide Purchase Order Financing. Some companies do stand-a-long PO Financing. However, both type of company will require that, if you use PO Financing, you have an Invoice Factoring facility in place. This is because the reimbursement of the PO advance comes directly out of proceeds from your customer invoice.This, in turn, means that the gating factor to qualify for PO Financing is your ability to qualify for Invoice Factoring. Together Invoice Factoring and PO Financing can solve the cash flow problem and take your company off the financial rack.
Healthcare decision makers face continual challenges when it comes to allocating scant recourses. Patients demand the best that medical equipment technology has to offer. But the equipment is expensive. Capital budgets typically fall way short of requests for medical technology. It is therefore critical that all aspects of the equipment purchases and financing be carefully considered before a decision is made.Equipment to purchase:Deciding what type of equipment to acquire can be a daunting task in and of itself. Let’s say you are considering the purchase of a CT scanner. The current and most widely-used model costs around $1 million new. You’ve also been approached by a supplier that sells refurnished equipment. His company will sell you a refurbished 16-slice machine for $400,000. You’ve also discovered that a new scanner is being rolled out in six months. Although this machine will be able to detect cancer and other diseases it its early stages, the cost is $1.5 million. What do you do? Will you be able to charge more per scan with the newest technology so that revenues match expenditures? Will you be able to “get by” with the 16-slice for a period of time? These are questions that are at the root of the decision.Once the decision has been made as to the type of medical equipment to be acquired, the next challenge is to decide what will be the optimal way of financing it. There are many options available, but the most common are borrowing the funds from a lender or leasing the equipment.Medical Equipment Leasing:Equipment leases usually run from three to six years and have lower monthly payments than buying the equipment outright and financing it through a lender. That’s because the lessee is paying for the use of the equipment during the term rather than owning it. In addition, leasing offers 100% financing, as there is no down payment required other than the first payment and a security deposit equal to a payment. Since the payments are lower, providers are able to improve their cash flow and are more likely to match revenues with expenses. From a tax standpoint, leasing also offers the advantage of writing off 100% of the lease payments.Many medical professionals also opt for leasing because of its flexibility. A lease can be negotiated in such a way as to include maintenance, upgrades, and other services. At the end of the lease term, the provider has the option to purchase, renew, or simply return the equipment. This is an important advantage, as it guards against equipment obsolescence. At the inception of the lease, you should consider negotiating a fair market value cap or placing an early buyout option in the contract. These details are rarely in a standard lease, so you must ask the lessor for these items.Since the payments are lower, providers are able to improve their cash flow and are more likely to match revenues with expenses. From a tax standpoint, leasing also offers the advantage of writing off 100% of the lease payments.Medical Equipment Loans:When equipment obsolescence or cash flow isn’t an issue (which is rare in the medical industry), an might be a better alternative. At the end of the lease term, the provider has an asset that he can either continue using or dispose of it on the open market. Borrowers also receive tax benefits, such as the depreciation expense on the equipment and the interest expense incurred during the loan payout.Using a multiple of EBITDA (earnings before interest, taxes, depreciation, and amortization) is a common method of valuing healthcare practices and hospitals. If a healthcare group is considering going public or selling the business, financing equipment through a lender may be advantageous because it would result in a higher valuation than if they had leased the equipment. Leasing would be an “above the line” expense.Personal Guarantees:With both medical equipment leases and loans, personal guarantees from the owners are usually required. This provides a comfort level for the lessor or lender. If there is a default, the lender/lessor can attach personal assets of the lessee for the balance of the loan or lease that isn’t satisfied by the liquidation of equipment. Most providers do not want to sign a personal guarantee for obvious reasons. However, if the clinic or practice has a solid track record of profits for five years or more, the lender/lessor will oftentimes abandon the personal guarantee requirement. That is another point that must be negotiated at the inception of the lease.Choosing a lender or lessee:Competition is fierce in the equipment financing industry. Acquiring the services of an independent financing consultant is advisable. A properly trained medical equipment financing broker will analyze your particular needs and will know which lender or lessee will be a good fit for your organization. He or she can guide you through the intricate details concerning the contract, which will allow you achieve optimal capital financing.