Axis Capital Business Funding Review: How to Avoid Debts

Jakarta, Indonesia - Being a small business owner is hard. The responsibility of keeping your company stable, managing your employees, and keeping up with your competitors are hard enough to tackle. Dealing with your customers is another thing and perhaps the most challenging. Since you are just a start up, clients are important since they can give either good or bad review about your company that can greatly impact your business. If you are still not experiencing some kind of issue with your customers, it is better for you be prepared than be sorry later on. To prevent being drowned in debts, you can review the following steps:

1. Verify Customer's Information

It is always better to verify anything first before plunging into a business deal. Just because you are in need of customer, it does not mean that you are to grab every possible sale. You also have to see their capability to pay especially if your services and/or products are on installment basis. It is also best to keep tabs with businesses of the same field. This way, you are able to know if a certain customer is in a habit of making non- or late payments.

2. Put Everything in Black and White

Documenting everything is vital in every transaction in case worse comes to worst. With the verified information including your client's identity and their compliance and agreement, you can be rest assured that you are covered by that single piece of paper in case complaints would pour in or if needed for proof of fraud.

3. Draw up terms and conditions

Aside from the agreement in a written paper, you also have to have a foundation of your business regulations through a policy. These terms and conditions should be transparent to both parties. Any alterations, adjustments or changes can be done after the client have known and have been educated of the rule of the trade.

4. Keep open any communication

Any changes and alterations after the agreement and terms and conditions have been signed should be known by both parties. Or in case of unpaid charges, it may be that the customer had just forgotten. It is your right to follow up on them and their responsibility to give you active contact information.

5. Have a Plan B

Many businesses experience customers who - for one reason or another - may have delayed payments. You could consider putting the customer's credit facility on hold preventing any further credit sales until the account is cleared or find any other alternative to resolve the issue.

We are often confused between loan and debts. For common people, it may be the same. However, for businesses, it is completely different. See, when an individual want to set up a business and does not have enough money to finance it, he would ask for a loan. On the other hand, a debt is described as borrowing money for any other purposes. Besides, it makes it less embarrassing when you are tagged as someone having ample amounts of loan other than someone who has a lot of debts.

Axis Capital Business Funding, credit source for small business owners in the United States, had summarized solutions to assist entrepreneurs in acquiring financial assistance to start and maintain a business. This article is centered on loan options and what you need to qualify.

Before getting into the business proper, you should have already considered the following factors:

Time In Business
Personal Credit Scores
Business Revenues/profits
Collateral, if you have any to back up the loan

Generally, basic rule in business indicates that the longer you are in the business industry, the more you have collateral in possession and the lower your interest will be. However, this rule does not apply to all especially to start ups.

The financing option that can be open to you also depends on the urgency of need, the nature of the business, the location and on how you are going to be paid whether through invoices, credit cards, cash or any other means.

Loans are mostly backed up by banks and can allow you to loan between $5 thousand to $5 million. Certain qualifications, however, are required. Minimum business experience should be 2 years in the United States. This rule is stricter to that of developing cities Singapore, Hong Kong, Jakarta, Indonesia and Kuala Lumpur, Malaysia since bank rules follow stricter and detailed protocols. You may also need to create a detailed proposal and feasible report. The process may even last for weeks to month before approval since most bank conduct strenuous reviews, charges or complaints against you or any other loan records.

Credit score is also a vital factor in bank loans. Your digits should not be less than 600. For independent loan companies, however, credit scores is a requirement but no exact cap is being implemented. You can also loan short-term assistance which can be paid back within 2-3 months and borrow up to $250,000. This is most suitable for owners with lower credit scores.

Startup investing can be challenging in a way if you do not know which business to venture into. A lot of individuals have been carelessly getting into businesses when any opportunity shows only to realize in the end that they have been scammed.

We all have that same fear within us. Getting into a business and risking ample amount of money, time and effort is not something one can easily get into and get out of once it fails. There are millions of businesses worldwide and with each- not counting the fraudulent ones- we do not know which would succeed. Yet, as many experts and professionals say, risks are and will always be a part of entrepreneurial life. Any investment, if pursued diligently, doubles a capital. Although challenging, many investors have been able to surpass.

Axis Capital Business Funding, one of the leading sources of credit loan for small business owners across the United States has the privilege to interview some of the most successful business owners and investors for some tips on how to find the most suitable business to invest into:

Explore in a Familiar Ground

If you are just starting to invest, it is best to put your bet into something which is already comfortable to you. This way, you can reduce the risk since you are already wading into a familiar wave. The ins and outs that you know of the business can provide you with a good projection on what to expect and assuring your venture.

Research and Review the Legitimacy of the Company

Before showing up at the door and offering them your ideas and willingness to invest, make sure you know the real nature of the business, the number of years of operation and the people behind it. As quoted from a finance investor in Jakarta, Indonesia, "investing is like going into a boxing match. You have to know things about your opponent: learn their moves and know how to knock them down". Although investment is not a bloody fight just like boxing is and the company is not an opponent but more of an opportunity, being informed and educated about them can be very beneficial.

Examine the way of the market

It is absolutely critical to see what competition the startup has and what kind of competitive advantage they have been able to put in place in order to beat everyone else in the race. The competition could acquire the startup instead of cloning their work, so investigating the appetite in the market could be beneficial.

Axis Capital Group Business Funding - When we are thinking of successful enterprises, the first thing that comes to mind is the big companies like Google, Nestle, Goodyear, Apple etcetera. We instantly inspire ourselves to follow their lead. What new entrepreneurs do not actually understand is that these companies have been in the industry for a long time, sometimes, experiencing more downfall than we could imagine. We recognize the penetration of small businesses in today's market but we are often unaware of the struggles they go through to integrate their service and products to follow the demands of the complicated customers. What these entrepreneurs often thought of as a smooth flow after surpassing pre-business stage to the first two years is a reality of continuous challenges and hindrances that should be defeated even in the long run. Analysts estimate the time needed to create visible revenue would only be after five years. Some small business startups do not have the perseverance and resources to withstand for that long time. Those who manage can even barely get through and maintain. It gets more challenging in developing countries where competition is fierce and the market is elusive. Most of the time, external forces affect economic sustainability of a business. The changes of government regulations, complaints and lawsuits, constant evolution of new technology and global recession can hit any startup companies. Jake had just started his business of clothing retail in northern Jakarta in Indonesia when the recession hit the world in 2008. Moreover, clothing line and related business also started to boom, adding to the competition.

54 small business owners attended the 3rd BtoB Convention held by Axis Capital Business Funding last September 15, 2015 at the Grand Indonesia Hotel, Jakarta.

At the end of the seminar, Kara Parker, event specialist, shared how she was approached by a young man in his early 20s who introduced himself as Kajar Serman, a small upcylcing business owner in North Jakarta. Kajar, as Kara later learned had been pursuing his unique passion for recycling unused stuff and making them into a whole new usable material since his college days. Now that he has already graduated, he is already able to loan small amount of capital from Axis and have rented a small shop in Kota. Later on, he was also able to get a small stand in Plaza Indonesia mall, a few blocks away from their house. He says that the business had been growing and managing it is a great challenge but like many small business owners, he is already happy with what he has achieved. He later confessed that he thought of holding a small event for small business owners like himself and is attending the convention to learn how to do it.

Just like Kajar, small business owners also dream of holding their own seminars and conventions. Not only does this expand your network but it is also a great source of new ideas and business strategies from competitors and other industries. It also comes with a few challenges.

Small business owners, compared to large businesses, have lower assurance of attendees and are operating in a tight budget. Yet, there are some ways to address these issues such as the following:

Know your objective

Have a concrete idea on the theme of your event and pattern your program on it. You have to have a specific idea on the possible overall outcome that you are targeting to keep you on the right track. Review all the probable topics related to the nature of your business and focus on the most impacting one.

Discuss the Budget

The planning of your event, no matter how grand it is, cannot be achieved if you are under budget. It also does not make any sense if you spend before you accounting all your expenses. It is important to keep the project on budget or you'll end up with more complaints than gain.

Schedule the Event

Find some time which is mostly convenient for your guests. Pick a date which is not a busy one for your attendees. Research is the key

Be Confident

You are the expert in your business and treat the audience as students who need to learn from you.

54 small business owners attended the 3rd BtoB Convention held by Axis Capital Business Funding last September 15, 2015 at the Grand Indonesia Hotel, Jakarta.

At the end of the seminar, Kara Parker, event specialist, shared how she was approached by a young man in his early 20s who introduced himself as Kajar Serman, a small upcylcing business owner in North Jakarta. Kajar, as Kara later learned had been pursuing his unique passion for recycling unused stuff and making them into a whole new usable material since his college days. Now that he has already graduated, he is already able to loan small amount of capital from Axis and have rented a small shop in Kota. Later on, he was also able to get a small stand in Plaza Indonesia mall, a few blocks away from their house. He says that the business had been growing and managing it is a great challenge but like many small business owners, he is already happy with what he has achieved. He later confessed that he thought of holding a small event for small business owners like himself and is attending the convention to learn how to do it.

Just like Kajar, small business owners also dream of holding their own seminars and conventions. Not only does this expand your network but it is also a great source of new ideas and business strategies from competitors and other industries. It also comes with a few challenges.

Small business owners, compared to large businesses, have lower assurance of attendees and are operating in a tight budget. Yet, there are some ways to address these issues such as the following:

Know your objective

Have a concrete idea on the theme of your event and pattern your program on it. You have to have a specific idea on the possible overall outcome that you are targeting to keep you on the right track. Review all the probable topics related to the nature of your business and focus on the most impacting one.

Discuss the Budget

The planning of your event, no matter how grand it is, cannot be achieved if you are under budget. It also does not make any sense if you spend before you accounting all your expenses. It is important to keep the project on budget or you'll end up with more complaints than gain.

Schedule the Event

Find some time which is mostly convenient for your guests. Pick a date which is not a busy one for your attendees. Research is the key

Be Confident

You are the expert in your business and treat the audience as students who need to learn from you.

Axis Capital Business Funding Group in Jakarta Review - Jakarta, Indonesia - You have finally been granted a loan for your dream business. Having that ample amount of money gives you a lot of ideas and makes you plan exciting concepts. The opportunities are limitless. The only problem is you don't know where to start. You may deem yourself capable and expert when it comes to the nature of your business, the ins and outs in the market and what niche and audience to target but bookkeeping is something you are not trained for. The good thing is, you have already been able to estimate the cost and inclusions, the liabilities and possible profits. The only issue is to maintain the cash flow and regulate it, be able to pay off loans and still get a good ROI. According to Axis Capital Business Funding, a credit loan source for small business owners in America, most businesses suffer bankruptcy because of improper handling of budget. As there are more pressure for start-ups and small companies, management administration is a big factor in determining the success of the business. Monthly statements come afterwards that is why some business owners have no idea that they have already spent more than what the budget provided for. With the business up and running, you may already have the idea on the trend in your profit by reviewing the consistent operational system. For start-ups, the assumptions can be based on the trends through geographical location, average competition costs and revenues and ratio of the market to the local businesses. Planning the budget ahead of its execution is to prevent over spending. Here are some of things you can do: 1. Learn about the Industry standards Although businesses are different in nature, they are still bound by some similarities. Do some research on lo

Fraudsters are so advanced nowadays that they may be considered geniuses in their field, a true perception on what extent human beings can achieve in every nooks and crannies of today's generation of advanced technology. Even those little cards that are considered one of the most important things in a person's wallet can also be hacked.

Credit card frauds exist in every continent and are most rampant in developing nations. Because of the lack of policy implementation and lose punishment system by the authorities, scammers are hard to catch, sometimes, even doing their illegal practices in clear sight. These operations are known in the suburbs of Jakarta, Indonesia, Bangkok, Thailand and Cambodia; places which have the highest report of fraud for years.

Axis Capital Group Business Funding, a credit source for small business owners operating in America has listed some of the common types of credit card related fraud as a warning to individuals to be cautious:

1. Application Fraud

The thieves will first steal is victims' pertinent information before applying for a new credit card. Although banks try to safeguard themselves from this sort of fraud by requiring original substantiating documents, telephoning employers and so on, criminals have been known to forge documents and even give false telephone numbers.

2. Manual or Electronic Credit Card Imprints

Data from a legitimate card is imprinted or the magnetic strip is skimmed. The information from the card is then later used for fraudulent transactions or for encoding fake cards.

3. Lost and stolen card fraud

This is perhaps the most common type and occurs when your card is physically stolen or lost and then used by a criminal, posing as you, to make unauthorized charges on your account.

4. Fake Cards

Producing fake cards takes a lot of time, effort and skill. There are many security features particularly difficult to reproduce, for example, holograms.

A fake card with fake numbers and a fake name is forged and used for transactions. The card is not linked to any real account and the credit card company is not liable to pay for the transactions as there is no user information.

5. Card-not-present Fraud (Fraudulent Use of Card Details)

This crime involves using fraudulently obtained card details to make a purchase, usually over the telephone or on the Internet. A card, in a physical form, is not needed. Usually the details are taken from discarded receipts or copied down without the cardholder's knowledge. As with counterfeit fraud, the legitimate cardholder may not be aware of the fraud until a statement is received.

The Average American Has This Credit Score. How Do You Compare?

As lessons learned during the Great Recession become more distant, consumers are increasingly spending money again on everything from clothes, to cars, to condos, and the bills are piling up, especially for consumers who took a lump or two to their credit score over the past few years.

Climbing again

The amount of money Americans owe on revolving loans, such as credit cards, has marched from a post-recession low of $837 billion to $882 billion in October. Motor vehicle debt reached an all-time high of $943 billion in the third quarter, and the amount of money borrowed from banks to buy property has climbed for six consecutive quarters.

That may be good news for credit card companies like Discover Financial (NYSE: DFS ) and banks like Wells Fargo (NYSE: WFC ) , but it may not be good news for consumers, who are discovering that lenders are focusing more attention than ever on credit scores compiled by companies like Equifax (NYSE: EFX ) . Those credit scores determine whether or not a credit card or loan will be approved, and what interest rate the borrower will be charged.

How do you stack up?

According to the credit tracking firm Credit Karma, more than 75% of Americans have a credit score below 700.



That's not good news given that banks are likely to offer their best terms to borrowers with scores that are above those levels.

Those better terms can mean less money from the borrower up front, and far lower interest rates that can produce thousands of dollars in savings over time.

For example, according to myFico, a borrower with a credit score below 660 who is taking out a five-year loan of $20,000 to buy a new car would pay an annual interest rate of 10.385%, or $5,724 in interest over the life of the loan. If that same person had a credit score north of 720, the interest rate would be a paltry 3.245%, which works out to total interest payments of just $1,693.

That $4,031 difference in interest payments is a lot of money, but that isn't the total financial impact of a lower credit score. Investing that $4,031 for 30 years in something like an index fund that returns a hypothetical 6.5% per year would result in an extra $26,662 in retirement savings, which means a lower credit score could mean the difference between pocketing an extra $26,000, or spending an extra $4,000.

Making changes

If you're one of the many who have a credit score below 700, there's no time like the present to begin making changes that could have a major impact on your retirement savings.

Rating agencies like Equifax are continuously updating credit scores, and as a result, changes made today can have a positive impact quickly.

One way to give a boost to a credit score is to reduce the balance carried on credit cards to below 30% of each card's credit limit. Credit card utilization has a big impact on credit scores, so making an extra monthly payment, or paying a bit more than the minimum payment every month can pay off fast.

Consumers may also want to contact their lender and ask them to forgive a late payment. If there are only one or two late payments on the account's credit history, and the borrower's history has otherwise been good, lenders may be willing to make a one-time adjustment. Borrowers may also want to ask their lender if they'd be willing to bump up their credit card limit. Lenders probably won't do that for borrowers with credit scores at the low end of the range, but for those with scores closer to 700, they might. If so, bumping up the credit limit could improve the credit utilization ratio used to calculate the borrower's credit score, too.

Finally, consider keeping a bit of cash handy for day-to-day purchases, rather than using a credit card. That can go a long way toward making sure credit balances don't sneak their way higher, and setting up automatic payments through your lender may help avoid late payments and related fees that can really hurt credit scores, too. While these tips won't fix credit scores overnight, they should go a long way toward healing any lumps to credit suffered in the past.

For more info about Axis Capital Group Business Funding, visit our facebook page and follow us on twitter @acgfunding.

After mortgage rates stayed surprisingly low in 2014, who knows how they will shake out in this new year?

Whatever happens, borrowers who want to refinance or buy a home have the best chance to get the lowest rate by knowing more, not less, about the mortgage game.

These 10 tips can help you navigate the mortgage process in 2015.

PAY LESS MORTGAGE INSURANCE

Many homebuyers don't have enough cash on hand to make a 20 percent down payment, which means that they generally are required to pay for mortgage insurance as part of their monthly mortgage payment. This insurance protects lenders when a borrower defaults on the loan.

Until late 2014, Fannie Mae and Freddie Mac required down payments of at least 10 percent. The requirement pushed many homebuyers into Federal Housing Administration-insured loans, which have a minimum down payment of 3.5 percent. The problem is that FHA premiums are costlier than private mortgage insurance.

But in 2015, qualified borrowers will be able to get Fannie- and Freddie-backed mortgages with down payments as little as 3 percent. Mortgage insurance premiums vary according to credit score and size of down payment, but private mortgage insurance premiums generally are more affordable than FHA premiums.

GET A THOROUGH PREAPPROVAL

Not only do sellers often prefer buyers who come preapproved by a lender, making their offers more attractive, but a preapproved mortgage also can help you avoid any hiccups down the line.

With a real preapproval, a mortgage broker or bank loan officer will pull your credit report and submit supporting documentation to their automated underwriting system. This allows the bank to give you more accurate terms based on your actual credit score, debt obligations and income, instead of relying on your estimates. It also puts you ahead of the process when you finally go into contract and could help you close faster.

MAINTAIN YOUR CREDIT PROFILE

In the months leading to your home purchase, avoid changing your credit obligations, especially between a preapproval and the closing of your mortgage. The reason? It could hurt your credit score in a way that would raise the rate and fees related to your loan or, at worst, keep you from qualifying altogether.

GET ORGANIZED

Gather and keep every piece of financial paper in the two months leading up to buying a house. That means pay stubs, bank statements for savings, checking and investment accounts, W-2s, tax returns for the previous two years, canceled rent checks and any mortgage or property tax statements for other property you own.

DON'T MOVE MONEY AROUND

In the months leading up to your home purchase, keep your hands off your finances. That includes moving money from a savings account into a certificate of deposit, or CD. It also means no cashing in investments from stocks, retirement accounts or CDs. Otherwise, you will create a huge headache for yourself as you try to show the bank the paper trail of where that money came from. In a similar vein, avoid paying off debts with savings because that could cause your lender to worry about how you will pay for closing costs.

PREPARE TO WRITE LETTERS

Lenders these days scrutinize every corner of your financial life, and if something looks funny, even just a little bit, they will want to know why. That means you will have to write letters explaining the oddity.

GET YOUR GIFT EARLY

If a family member is gifting some or all of your down payment, make sure it's deposited in your bank account more than two months before you apply for a mortgage. That way, the bank won't need to source the large deposit.

SELF-EMPLOYED? PLAN AHEAD EVEN MORE

Self-employed borrowers have a higher hurdle to overcome after stricter mortgage requirements went into effect in 2014. The rules require documentation of income that includes two years' worth of tax returns, a typically unreliable record of a self-employed person's take-home pay.

To get around it, self-employed borrowers should plan to take fewer deductions the years before buying a house to boost their overall income. If they can't, they may consider a co-signer on the loan whose income is documented by W-2 statements. Otherwise, they may need to search out an unconventional loan that can qualify them based on bank statements alone.

KNOW YOUR REFI MAGIC NUMBER

If you're thinking about refinancing your home loan, figure out what mortgage rate you need. It's not an easy number to calculate because you need to look at a host of factors regarding your loan, including what you want to get out of the refinance.

GET CREATIVE WITH A REVERSE MORTGAGE

Older homebuyers, especially those with fixed incomes, may want to consider a reverse mortgage to buy a home instead of draining retirement funds. A reverse mortgage lender contributes up to 52 percent of the sales price of a new home, while the senior, who must be at least 62 years old, comes up with the rest. The house is titled in the borrower's name, but the lender retains a security interest in it. There are no monthly payments, and when the home is sold or no longer the borrower's primary residence, the reverse mortgage must be repaid. Any remaining equity belongs to the borrower, heirs or estate.

Need Help? Axis Capital Group Business Funding will assist you. Axis Capital Group Business Funding is a credit source offering small companies loan options to business-people who operate existing enterprises. Owing to the various limitations that prevent company owners from acquiring the loans they need from conventional banks and credit unions, a big number of business proprietors prospecting for liquid capital to support their bustling enterprises have no clue that they do have alternative choices.

There is a saying that good habits if inculcated early on in life prove rewarding later on. Same applies to financial habits as well. When we are in our 20s we just enjoy our new found financial freedom and take to credit easily to fulfill all our dreams. Inadvertently, we commit certain mistakes too. Here are some mistakes that you should refrain from making if you have just stepped into 20s.

Maxing out credit card limit

Once you have landed up a job and money starts flowing into your bank account, flurry of credit card companies will offer you credit cards. This means now you can get yourself anything that you have denied yourself for years. In such a scenario, falling for them is no such big deal. However, maxing out the limit allotted on such cards can land you in trouble. Firstly, you would have no credit available when you really need it; and secondly, it would get difficult for you to repay such huge amount. As a result, you would have to pay the minimum due amount and leave huge revolving credit which will could put you in a debt trap.

Suppose the total credit limit on all your cards is Rs 3 lakh and you utilize Rs 2.7 lakh out of it. Repaying such a huge amount at one go is difficult, so you pay the minimum due amount of 5% i.e. Rs 13,500. In this manner, by the end of the year you would be trying to pay approximately Rs 4 lakh (interest rate of 48% per annum). One should only spend an amount one can pay off soon and not plan to pay the minimum amount due every month.

Falling for auto approved loans

Then there are auto approved personal and car loans as well that are linked to your salary account. Such loans are enticing, but expensive-especially personal loans, which come in the form of unsecured loans and carry huge interest rates. If you fall for them mindlessly, they eat up most of your salary in the form of EMIs. If you keep availing loans only because you are eligible for them and lose half of your income only towards meeting EMI payments, it will get difficult for you to maintain same standard of living as earlier.

Ignorant about building a good CIBIL credit score

While payment through credit cards is a good way to build a credit history, establishing a good CIBIL score requires more efforts. In case of credit cards there is no compulsion to pay the full amount spent every month. However, it is important that your balance amount is as low as possible. The balance to limit ratio also known as credit utilization ratio should not be more than 30%. The higher the ratio, the lower is your CIBIL score and vice-versa. Credit utilization accounts for 30% of your CIBIL score. Repayment history makes up for another 35% of the score. So, make sure that EMIs for all your loans should be paid on time.

Careless with your wallet

Credit cards are offered not by banks alone. Nowadays, even fashion retail giants like Shoppers stop and Pantaloon tie up with banks to offer their own credit cards to you. While this arrangement offers convenience to you, so many credit cards in your wallet means more credit are at high risk of theft. In order to protect your credit, you should go for credit protection plans. At present, the same is offered by CPP India and One Assist. By taking such plans, you need not inform each credit card company about the loss and request to get them blocked. By making a single call to these companies, you can get this work done and stop credit card misuse. There are different membership plans available to choose from.

More financial tips from Business Funding Axis Capital Group, visit our facebook page and follow us on twitter @acgfunding.

I have been looking to get a business funding for some time now, but I did not know where to go or how to go about it. After doing some research, I finally decided to go with Axis Capital Group Business Funding. The process was very quick and easy, and within minutes of applying for the loan, I was contacted by a financial search specialist. One specialist walked me through the process every step of the way and helped me get approved for the loan I needed. In addition, he has continued to work with me in finding an even better loan for my needs.

I am very impressed with the level of professionalism and communication this company has to offer.

I was a little worried about them since they didn't have the best reviews. However, I had a great experience. My customer service rep was extremely kind and personable. I felt like he actually cared about what happened and really wanted me to find a solution. I wasn't able to get a loan with a lot of companies because of my debt to income ratio but he found me Credit Consolidation. They also were extremely helpful and helped me with the math of how much I would be saving. The only thing I would change and my only complaint was that they charge a monthly fee for their services but never once was I told that until the very end of the process when I was signing the document. Is that so or I am just the only one. That thing I didn't understand the most. Even with that I will still save money because my credit APR's were all in the 20's.

I was able to get 7% on my highest card and 17% on my lowest balance. I feel like once I pay this off in four years it will be a huge relief. Lastly, my rep called me and personally followed up with me. I love dealing with only one person and not being sent around to a bunch of different people. It was a nice change from the usual customer service you receive from most companies.Thanks Axis for all your help! I am very grateful!

All my life I have been told to take care of my credit so you get good interest and better offers, but it is until now that I feel that those words were truth thanks to Axis Capital Group Business Funding. I recently received a loan from them at a very low interest. Truth to be told I needed the money and wasn't sure were to get the money from with a good rate. I was doing the research and voala I found them here in while reading the reviews and decide to give it a shot.

They offer a very low rate and I am not sure but I think they offer flat rate (don't take that for granted check first) currently depending on the time of the loan. To me that is very low for a personal loan.

My fear was that I have to login with my bank account thru their web page. It was the only drawback but they say it is secure and it is the only place I have put this information, so if something happened I know where to start looking. Plus I made some extra research thru the internet and the good reviews from here they look trustworthy to me.

I knew that if I apply for a loan anywhere else it would be denied because I recently move to Jakarta Indonesia and did a few transaction using my credit, plus I don't have a long credit history, or I would have been offered a high interest(+15%). I know from past experience not to mention my business is currently at risk.

I have a fairly good credit score +700, but don't have long history as mentioned before. Last year I applied for a loan with a bank and first they denied because I needed to be for 6month in my current jobs and after the 6 month I received the loan at 15% rate what??. So this time I needed the loan but with a new bank thanks Axis, I would definitively recommend them. Ohh and by the way is truth they call you to clarify points before making a decision, to me that is a good thing. It took me 1 week until I received the money in my bank account.

The first time I was applying for a loan at Axis Capital Group Business Funding, the customer service was admirable that is one reason why I accepted and extra loan for cash. My first loan was for funding my existing business located in Jakarta Indonesia. second loan was for my business located in US. Most of the time, my payments were at all times paid before the due date. About July 2014 I started to have difficulties with my paycheck for the reason that of their latest billing system in which grounds some delays in my pay dates. Consequently throughout this period I did all the things that I could to make payments on the two accounts. As a matter of fact, I had a month payments in advance on both of my loans account therefore when I missed a payment in November the account became late. So my husband saw a sheriff paper on our front door. Obviously paper of that kind will never go in to detail regarding a civil suit and who it is from up until you reply. As a result my husband and I went to the town center to check what was going. We saw the paper was from Axis. Thus most certainly before the court date my husband and I paid the bill to become up-to-date and had a conversation with them. I was impressed that the issue was resolved fast. People complaints are exaggerated with businesses like this. They harass you if you are a day late but spare this company. I screen all my phone calls since as I specified earlier my payments were at all times on time for the most part. Happening on particular circumstance it would overlook my bills and miss my mind but they call and with all respect remind me of my bill. This is a lesson learned for me; all money is not good money. They have the highest interest rates that are relevant in wherever state you are in.

Tax tips: Plan early when incorporating a business to maximise tax relief on goodwill valuation

For businesses operating as partnerships, LLPs or sole traders, there are a number of tax advantages to incorporating into a limited company which can result in a significant reduction in the overall the rates of tax.

The profits of partnerships, LLPs and sole traders are all taxed directly on the business owners according to their rates of income tax, which are often as high as 45%, plus national insurance contributions.

By contrast, companies pay corporation tax on their profits, with directors being remunerated with salaries and benefits in kind, and shareholders able to share in profits through the payment of dividends. Companies having profits of less than £300,000 have been subjected to corporation tax at the rate of 20% since April 2011 (previously 21%), and with effect from April 2015 all companies, irrespective of profit levels, will pay corporation tax at this rate.

Benefits of incorporation

There is an opportunity for a business to be sold for its open market value to a company which has been incorporated by its owners. This value must be agreed with HMRC, and the gain arising on the disposal by the individual business owners will be subject to capital gains tax. As business owners can generally claim entrepreneurs' relief, this means the rate of tax payable on the gain is likely to be 10%.

The company is of course unlikely to have the funds available to purchase the business immediately, therefore the proceeds of sale will typically be allocated to the owners' director's loan account within the company, allowing the funds to become available over time from the company's ongoing net profits. No further tax liabilities will be incurred by the individuals on the draw-down of these funds.

In addition, the flexibility of being able to shelter profits at the corporation tax rate and plan for tax efficient levels of personal income can provide much more flexibility than the previous self employment structure.

There are further benefits to running a business through a limited company, such as the ability for the company to make pension contributions thus saving on national insurance costs; the ability to claim R&D tax credits where applicable; and the ability to incentivise employees through a tax efficient share scheme, such as the Enterprise Management Incentive; or attract investment from individuals wishing to participate in the Enterprise Investment Scheme (EIS), or SEIS for start up companies.

Finally, there is an added benefit if you incorporate a business which first commenced trading on or after 1st April 2002; in this case the limited company is able to claim corporation tax relief as it writes down the value of the goodwill it has acquired over its useful lifetime.

Rules governing transfer to connected individuals

The incorporation opportunity outlined above involves a transfer of a business to a connected limited company which is owned by the owners of the original business. This incorporation changes the structure of the business and the way in which it operates. Such a sale to a connected party is not regarded by HMRC as a sale in the conventional sense because the original participants of the business remain in control of the new company; this means that the sale price is not governed by open market forces. As a result, it is important to undertake a valuation of the business and to agree this with HMRC.

As is to be expected, HMRC are keen that a value is not placed on such businesses which exceeds the fair market value; in particular, they are keen to ensure that value which attaches to the individuals who own the business; 'personal goodwill', is not included in the valuation of the business itself. In order to police this, HMRC have established a new 'Counter Avoidance Clearance' office to establish whether the goodwill involved is transferable or personal.

Incorporation cases are passed to this specialist office who will generally then raise queries requesting further information, such as whether a formal business valuation was undertaken by a third party; whether the former business had employees that were also transferred to work for the new company during incorporation; and the type of work they undertake. This is specifically aimed at establishing the element of goodwill that is personal to individuals and should not therefore have a value attached to it.

Queries from HMRC concerning the value attached to goodwill are commonplace and have been so for some time; however the new specialist office is taking these enquiries further with additional questions to establish whether a true incorporation of the business has taken place, such as requests for work contracts or purchase orders from suppliers before and after incorporation; communication with customers, employees and other stakeholders to demonstrate that an incorporation is taking place; changes to VAT and PAYE registrations; evidence of professional insurance covering the date of incorporation; and bank records showing evidence of new payment details.

If you wish to consider incorporating your business, there are a number of alternative ways of doing this and it is essential that advice is taken early in the process to ascertain the best approach and to ensure the necessary correct steps are taken.

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If you have a great idea in mind and a clear goal in your sights, banks and lenders are open to supporting you - despite common belief to the contrary.

The current economic conditions present opportunities as well as obstacles for small and medium enterprises (SMEs) looking to develop their business.

Experts at RBS are committed to financially supporting commercially-viable business ideas.

By working with you, and providing a wide range of banking facilities, they could help you achieve your business plan and make your business dream a reality.

Here are some tips to consider:

1. Present a strong business plan

When approaching your bank or lender, it is important to present a robust and detailed business plan outlining your business goals, strategies, market and financial forecasts.

Keep it realistic because this document provides the financer with the information they need to assess the viability of your business.

Remember to demonstrate your 'plan b' should things take a turn - be it funding options, alternative suppliers or different routes to market.

2. Have clear funding requirements

Explain why you need the funding - whether it is for the day-to-day management of your company or for future growth.

Demonstrate how you can meet the debt repayments and fulfil the commitments.

3. Explore all funding options

These include bank finance, approaching venture capitalists, 'business angels' or applying for a government grant for business investment. If you are seeking outside investment you must be clear about what investors want in return and always have written agreements in place.

4. Consider a combination of facilities

Today, it is quite common for businesses to use a mixture of financial facilities to create a more suitable and flexible support structure for working capital.

Traditional lines of finance, such as loans and overdrafts, can provide excellent short-term solutions, whereas invoice finance and asset finance can offer more flexible, longer term cash flow support.

5. Discuss Government funding schemes

Although credit is still viewed as tight in the UK, there is a lot of support available through Government lending schemes and bank initiatives.

The Government offers lending schemes specifically designed to help small businesses, such as the fee-free Funding for Lending Scheme (FLS).

6. The benefits of alternative funding solutions

For example, invoice finance is a great facilitator of growth because it allows you to immediately release cash from sales - harnessing the assets from your debtor book.

It can help you to manage late payments, which is another area that can put the brakes on those looking to grow and expand.

Asset finance is another alternative funding tool that many can consider when looking to update their assets.

It is a great way to strengthen the balance sheet and provide liquidity because it can improve cash-flow efficiency, exploit growth opportunities and reduce residual risk without using precious cash resources that can be invested productively elsewhere.

Assets, such as vehicles, technology equipment, plant and machinery, all lose value over time, so why buy them outright?

Millennials are growing up: The oldest of the cohort are approaching their mid-30s, which often coincides with more adult financial responsibilities, including mortgage payments and family-related costs. They have more grown-up challenges, too, like paying off debt and saving for retirement and future college tuition payments for children.

The good news is that the financial services industry wants to help. Eager for younger customers' business, the financial industry has been busy analyzing millennials' money challenges and trying to figure out how they can best reach out to them. As a result, a handful of financial services companies recently released money tips for millennials. Here are five of the best ones:

Save like it's 2009. Savings rates tend to go up during recessions, which is why personal savings rates shot up in 2009. The fear of financial instability appears to motivate people to squirrel more money into the safety of bank accounts rather than squander it on new shoes or a new smartphone. Millennials could use some of that motivation, since many have yet to start padding their bank accounts or saving for retirement.

A 2014 Wells Fargo Millennial Study of 1,639 millennials found that 55 percent said they have already started saving for retirement, and those who haven't yet say they think they will begin at age 35. Women millennials were particularly behind the savings game, with millennial men having accumulated almost twice as much as their female peers.

Four out of 10 millennials in the survey said debt was their top concern, with about half reporting 50 percent or more of their income goes toward paying off their debt. In addition, 56 percent said they are living paycheck to paycheck and simply don't have the money to start saving for retirement or other goals. (Financial advisors generally recommend saving between 10 and 20 percent of your income over your working years, with the goal of replacing 80 percent of your income during retirement.)

Karen Wimbish, director of retail retirement at Wells Fargo, urges millennials to get started with saving as soon as possible in order to benefit from compounding interest. Having more money in the bank, she says, can also provide a confidence boost when it comes to achieving long-term goals. She notes that many millennials are aware of the fact that they should start saving as soon as possible, but they still find it hard to do so.

Get over your fear of the market. Given that millennials came of age in the era of Bernie Madoff and the subprime mortgage crisis, it's no surprise that many studies suggest they don't trust the market and resist investing in it. The problem with that conservative approach is that it could hurt them in the long run, if they aren't investing their money aggressively enough to grow over time.

Confront loan stress. Student loans are a huge source of worry for millennials. Respondents in the Wells Fargo study cited it as one of the biggest drains on their income: Credit card debt claimed 16 percent of their paychecks, then mortgage debt with 15 percent and student loan debt with 12 percent. (Auto loans claimed 9 percent and medical debt took 5 percent.)

Chat about money on dates. OK, maybe not the first date, but USAA financial planners suggest talking about money, and credit histories in particular, with long-term mates. USAA urges millennials to ask their partners how much debt they have, as well as get an overview of assets before exchanging vows. The reason? A bad credit score can derail post-marriage plans, from buying a house to purchasing a new car.

Get a job, not a degree. Obtaining advanced degrees can make sense in a lot of situations, but USAA financial planners also warn against using school as a back-up option when the job market doesn't work out. Returning to school often means building up more debt, and if the degree isn't directly related to your future career, it might not pay off in the long run.

If you're a millennial (or the parent of one), don't let all these financial burdens get you down too much. Millennials might have a lot on their financial plates, but they also have a lot of financial potential.

Recently, Indonesian lawmakers voted to eliminate direct elections for local government throughout the country. To put it lightly, this is an attack on the democracy that has drawn accolades in recent years. In July, after the losing presidential candidate Prabowo Subianto finally (and humbly) accepted defeat, many were quick to hail the strength of Indonesian democracy -- the peaceful transfer of power has always been a valuable test of democratic vitality. But with this latest piece of proposed legislation, the country threatens to stagger backward, following countries like Turkey and Egypt in a hasty retreat from democratic principles.

This backpedaling threatens an Indonesia that has spent decades building up its citizenry, promoting inclusion, and going to great lengths to root out corruption. Today, the country faces distinct challenges -- including a weakening economy, which over the past year suddenly saw rising inflation and faltering growth. High sales in natural fuels helped the country boom, but masked core problems of a bloated bureaucracy, corruption, and neglected infrastructure. But this isn't the first time Indonesia has dealt with such difficulties.

Similar challenges emerged in mid-1997, when the Asian financial crisis struck Indonesia, reversing years of economic progress and plunging millions of rural poor below the poverty line. Later that year, Indonesia faced massive crop failure as a result of drought and forest fires caused by El Niño. The country's leaders had to act quickly to provide relief and cushion the economic impact on poor rural households. It was precisely at this critical moment that Indonesia made the decisive decision to invest in widespread expansion of bottom-up building and relief.

Indonesia expanded a previous pilot project based on community-driven development, where block grants were given directly to poor communities to determine for themselves how to use the funds, whether for infrastructure, health, or education opportunities. Over a period of 15 years, with large sums of cash passing hands and few instances of corruption, the program managed to help bring half of Indonesia's 70,000 villages out of poverty.

A few years before the financial crisis, the Ministry of National Development Planning, called Bappenas, first launched a series of experiments to improve livelihoods and reduce regional inequality. Some of these experiments transferred money from the central government to village chiefs, who then took charge in helping poor residents buy livestock or other assets. Other experimental projects used labor-intensive methods for village infrastructure construction. But in all cases, some of the resources failed to reach the intended beneficiaries and ended up, instead, in the pockets of local leaders or politicians.

In early 1997, Bappenas worked with the World Bank to launch a different pilot community-driven development project in 12 of Indonesia's 4,000 sub-districts, each of which comprised 20 or so villages. The Kecamatan Development Program (KDP) program transferred funds directly to villagers, not the chiefs, and then helped the villagers organize to hold each other accountable for the use of the resources. When the financial crisis and El Niño struck, forcing the value of the country's currency, the rupiah, to collapse, Bappenas appealed to the government to implement a nationwide expansion of this pilot project, funded by a loan from the World Bank.

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The Bappenas team was faced with a daunting challenge: expanding its pilot project to tens of thousands of villages over an archipelago of 17,000 islands. While scaling the project up, the team had to ensure that funds actually reached the villagers that truly needed the aid -- battling rampant corruption while improving involvement at the local level. In order for the rural poor in many parts of the country to benefit, the new program would have to empower people so that they could hold their institutions and leaders responsible. And crucially, the design would have to provide a voice for women and other marginalized community members.

To further complicate matters, the country faced a new political crisis. In 1998, public demonstrations and frustration with corruption, combined with economic instability, triggered the downfall of President Suharto after more than three decades in power. For the Bappenas team, the proceeding period of reform created an opportunity to capitalize on high-level political support for their program. During the expansion, the Bappenas team focused on utilizing competition to decrease corruption and improve transparency. In earlier experiments, village chiefs and their families frequently kept the benefits of government programs for themselves. The Bappenas team members reasoned that they might be able to reduce "elite capture" by distributing project support to villages on a competitive basis. They implemented a grant competition in which each district would select a democratically elected, gender-balanced committee to oversee financial transactions and verify the results of the competition. The committee and its facilitators would organize project-proposal meetings in the hamlets and convene open meetings to discuss project ideas. Residents from each village would select two priority projects -- with at least one coming from a women's group -- and prepare thorough project proposals to be submitted to the committee for the competition. The committee would evaluate the proposals based on feasibility, impact, and the village's history of project completion -- and winning proposals would receive help from private consultants to implement their ideas. Continue reading…

Axis Capital Group Business Funding is a direct capital source focusing in other options to small business financing, regardless of bad credit record or other problems conventional banks use to reject many loan applicants. We do not require individual guarantees of asset; meaning small business operators need not lose their property to banks. We also perform all our business on the phone and via e-mail;hence, we do not demand any appearance at a physical office, sparing you from travel time and documentations on paper. By doing away with constraining regulations and providing our funding on an uncollateralized terms, we lead in the industry as far as approval speed is concerned, and focus on quick returns in business funding for successful applicants.

 

"We provide bad credit business funding options to entrepreneurs in every industry, as long as they have existed for a minimum of 2-3 months and have a gross monthly cash flow of $15,000."

 

The effectiveness of our underwriting group in vetting business-people with bad credit record or in conventionally “high risk” business categories of all kinds, provide our representatives and the ISO’s we work with a valuable weapon. This weapon allows us to acquire for small business operators the financing they require even when institutions offering small business funds will not approve them. By highlighting our central principles of professionalism, work ethic and expertise, Axis Capital Group Business Funding has achieved unprecedented progress and is continuing to expand, helping small business operators all over the US.