4 good reasons to get a business loan

Commercial banks and credit unions give small loans to small businesses. Business loans can be given using inventory or accounts receivable as collateral.

There can be several reasons why a company may want to take out a business loan. For instance, you may need a business loan to invest in equipment, start a new branch, and maintain business operations. Business loans are not just beneficial for escalating businesses, but they are also easy to obtain as there is a multitude of licensed money lenders who are willing to lend money to businesses having a stable income, a decent business plan, and a credit score of 720 or higher. However, the major advantage of a business loan is that it allows you to increase working capital and expand the business. Thus the loan can be paid back through the income generated from expanding the business.

Here is a rundown of some good reasons to get a business loan.

1.     Manage Working Capital:

Business loans are greatly beneficial in meeting working capital requirements and expanding the business. It helps to maintain the cash flow during the tough economic times. During the financial instability, business loans can help strengthen the financial situation of your business. Moreover, a business loan is usually lent to a corporate entity and not the business owner himself, which means the loan will not have to be paid by the business owner in the event of loan default. That’s why many business owners take advantage of the business loan. The business liquidation helps to pay back part (sometimes all) of the loan in case of failure. You can also get a business loan at www.smartloan.sg.

2.      To Expand Operations:

There are cases when companies need a business loan to finance their big move. While expanding your business operations, the change in overhead and up-front cost can be significant. Moreover, banks are likely to loan funds to firms that want to purchase real estate to expand their operations. If a firm wants to expand, it means it has been successful at its business and has the potential to generate revenue from its expansion. That’s because the firm is already turning a profit and a positive cash flow and making a positive forecast for the future. A licensed money lender can also give a business loan for real estate in the form of a mortgage. Real estate is usually used as collateral in term loans.

3.     To Purchase Equipment:

Purchasing equipment that can improve your business offering and productivity is a good reason to get a business loan. You need certain equipment, machinery, or other IT tools to give service or make your product. You may need a loan from a licensed money lender to purchase that equipment. The equipment itself serves as collateral for a business loan. But you must do a cost-benefit analysis before applying for a Smart Loan application to analyze whether it can prove to be the best investment for your business.

4.     To purchase Inventory:

Small businesses also take out business loans from banks to purchase inventory. Some small businesses and retail businesses are seasonal in nature. For instance, if your business makes most of its sales in the winter season, you’ll want to purchase most of your inventory before the winter season. And for that, you need more cash on hand, and a business loan can help you replenish your inventory with plentiful and high-quality options. Business loans to purchase inventory are usually short-term in nature that can be paid back after the seasonal sales.

Grand Theft Auto update banned in over 50 countries

For any business leaders who associate with the online gaming and gambling industries, it’s essential to be in the know regarding a new milestone that was recently crossed for both sectors.

After a lull in updates, Grand Theft Auto V (GTA 5) introduced its groundbreaking Diamond Casino & Resort update on July 23rd. As the game approaches six years of age, this highly-anticipated and free content update adds whole new dimensions of adventure, luxury, speed and gameplay to the world of GTA 5. The update developed by Rockstar Games shattered records for player numbers, making it the biggest day and biggest week in the game’s history. The casino floor features roulette, blackjack, three card poker, and slot machines.

Players in over 50 countries have been barred from purchasing chips due to gambling laws in their respective countries. Prominent countries among those banned from in-game gambling include:

• China
• Czech Republic
• Greece
• Iceland
• Liechtenstein
• Luxembourg
• North Korea
• Pakistan
• Poland
• Portugal
• Saudi Arabia
• South Africa
• South Korea
• Sudan
• Thailand
• United Arab Emirates
• Vietnam
• Venezuela

Off the casino floor, players can place bets on inside track horse racing, which is argued to be one of the most profitable gambling options in GTA 5. The only thing that doesn’t come free with this update is the online casino chips needed to gamble in this rowdy, virtualized reality. You can purchase $50,000 worth of virtual GTA chips for roughly £1.00 ($1.50) in real-world currency. Each virtual dollar equates to one virtual chip in GTA 5. As a means of preventing overspending, $50,000  is the maximum amount players can purchase every 48 minutes (equivalent to one in-game day).

Despite this sizeable legal barrier across the globe, the update is available nationwide in the United Kingdom and the United States. Many players have managed to purchase chips and participate in gambling activities by using a VPN at their own risk.

While you can convert your hard-earned currency into GTA casino chips, you can’t turn your casino chips back to real-world money, making this new virtual currency a somewhat controversial gaming concept.

If you’re of age and want to participate in higher-stakes online gambling to win real spending money, there are many alternative online gambling options available. One of the most noteworthy and reputable platforms on the market has been created by a company called Bovada, a pioneer in the creation of online betting experiences. They’ve created the Bovada Casino, offering premium entertainment value and opportunities for winning more than just virtual chips that can only be used in a virtual world.

Instead, Bovada accepts real currency, along with Bitcoin. Their online experience features live dealers and over 100 casino games. According to a Bovada review, the feature that makes their platform stand out most is the option to bet on real professional sports.

While the introduction of innovative in-game GTA gambling has disrupted both the gaming and gambling industries, the update has come along with a lot of other exciting perks that also drew much of the attention.

Primary among these perks is the introduction of luxury penthouses players can purchase with their winnings. If you can’t afford to live an extravagant lifestyle in the real world, GTA offers players the chance to become a virtual millionaire.

The game’s Master Penthouse features stunning views, an infinity pool, spa, lounge area, media room, garage and more. And what GTA update wouldn’t include flashy new cars? This one comes with highly customizable racing cars and luxury vehicles. Among these vehicles, the Vysser Neo Sports Car was announced shortly after the update on August 1st. This luxurious car is based on one of the most distinguished cars ever created in real life, the Spyker C8. Once you rack up enough digital winnings from the Diamond Casino, you can purchase this beauty for $1,875,000.

In addition to all the virtual material wealth offered, the update introduced a new storyline that tasks players with protecting the casino and its owner (Tao Cheng) from a hostile takeover by a cutthroat, oil-rich family hailing from Texas and seeking to build a financial empire.

The appeal of these luxuries and adventures demonstrates that gamers and light online gamblers have a healthy appetite for a virtual lifestyle akin to that of James Bond—a key consideration for both players and those designing these online gaming experiences.

Daily Mirror owner looks to extend Reach with purchase of rival titles

The owner of the Mirror, Express and Star national newspaper titles is in talks to acquire parts of the rival publisher behind the i and The Scotsman.

Reach, which changed its name from Trinity Mirror last year, said yesterday that it was looking at “certain of JPI Media’s assets”.

JPI was put up for sale in May by its bondholder owners about six months after the debt-ridden company was bought out of administration.

It is one of the largest local newspaper groups and owns more than 200 local and national newspaper titles, which include The Yorkshire Post and The Portsmouth News.

The i, launched in 2010 as the sister newspaper of The Independent, is considered the most desirable asset in JPI’s portfolio. The i was acquired from ESI Media, publisher of the Evening Standard, in 2016 for £24 million.

Reach did not state which titles it was interested in buying, but said: “The board . . . confirms that it is in early stages of discussions in relation to acquiring certain of JPI Media’s assets . . . There can be no certainty at this stage that these discussions will lead to an agreed transaction.”

The talks were first reported by Sky News, which said that Reach had submitted an indicative offer for JPI.

The industry continues to face big pressures and changing trends with the decline in print advertising and circulation and the growth of digital news.

The local press has been hit hard and has been cutting costs and jobs. Circulations continued to fall nationwide for regional daily papers in the second half of last year, according to ABC figures.

Reach, led by Simon Fox, 58, the former boss of HMV, bought the Express and Star national newspapers and OK!, the celebrity magazine, from Richard Desmond, the newspaper tycoon, for £200 million in February last year.

In May Reach posted revenues up by 4.4 per cent over the four months to April 28. They fell by 6.4 per cent on a like-for-like basis.

JPI, formerly known as Johnston Press, was acquired by its creditors, including Goldentree Asset Management and Fidelity, in a pre-pack administration process in November. The lenders injected £35 million of cash into the group, wrote off £135 million of debt to £85 million and offloaded liability for its pension scheme.

JPI declined to comment on Reach’s announcement. David King, chief executive, told staff it was “in a formal process to explore the sale of the business” but was “in the meantime . . . accelerating our transition to a digital business”, including introducing subscriber registration and payment to some titles. Shares in Reach fell 1¼p to 79¾p on the London Stock Exchange, valuing the company at £238.8 million.