Did you know that 80% of small businesses use some type of business financing to grow their business? Unfortunately, since banks reject about 61% of bank loans, many of these business owners are left out in the cold. In this infographic, Business Financial Services highlights small business loans and merchant cash advances as business financing options to help small business owners find the right fit.
Many UK businesses are looking to grow in 2014 but face significant challenges in securing the business financing they need, according to a survey of UK SMEs conducted by Boost Capital. Even though 34% of UK small businesses have growth plans, 29% identified accessing growth capital as an obstacle.
On your path to home ownership, finding your dream home is just the start. You need to make sure the loan process goes smoothly and you are able to close your escrow on time. Often, something goes awry and its not uncommon for that “something” to be appraisal. The following infographic goes into the art and science behind home appraisals. We end with giving you inputs on how you can impact the appraisal positively.
Did you know you can use your retirement fund, insurance policy, and even your car tile as a loan? This infographic from www.eTitleLoan.com explains it all in graphic detail.
The average person works over 36,000 minutes a year to pay their mortgage. This infographic from Quicken Loans Racing explores some of the things you could do with that money if you did not have a mortgage payment.
The following infographic is a visual representation of the 2012 I Hate You Payday Loans Industry Sentiment Survey. Payday loan hatred seems to overrun the industry as payday loans are not the ideal financial solution – the high interest rates, predatory accusations, fast cash but high risk – you don’t have to love the products, but you do have to understand them if you’re going to borrow them.
Are you an entrepreneur? If so, newsflash: you think a lot about cash-flow. You’ve likely already played a serious game of “find-some-cash”. You know the one – maxing out credit cards, visiting the VC circus, talking to term-hungry venture banks – even making that desperate visit home to mom for just “one more small advance”.
This infographic from Fast Payday Loans looks at the cost of borrowing £100 for a short period of time. the following options are explored: payday loans, authorized bank overdraft, unauthorized bank overdraft and credit card to ascertain which is the cheapest over the period of one week.
Barnardo’s recently released a report showing just how much more it costs to use “Rent to Own” options for everyday appliances. Consumers are finding themselves paying up to three times the amount for necessary household items like fridges and washing machines. The following infographic reveals the facts or “renting to own.”