Axis Capital Group Business Funding

Ways to Avoid Over Budgeting In Your Business

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 local industries on similar fields. Ask around for the average revenue expected and their allocations on cost groupings. The information may give you a general idea and will be able to keep you up with expenses.
2. Create a spreadsheet
Spreadsheets are oftentimes considered tedious. With the operation continuously running everyday, updating it can also be tiresome. Yet, having a spreadsheet for the expenditures and revenues can help you monitor the finances.
3. Consider Cost Cutting
Some factors which contribute to over budgeting is allocating on projects when you shouldn’t be. Know what is not needed and cut it out. While doing this, expect to hear complaints and experience frustrations and prepare yourself for it.

Axis Capital Business Funding Group Review: What Startup Entrepreneurs Ought to Know about Social Media

Many young entrepreneurs struggle to create their online presence. As the fierce world of competition extends to the internet, building an audience and sustaining virtual communities can be a great challenge. Yet, these business amateurs have no option but to try. We have passed the time when social media is only one of the go-to options for marketing, a good addition to the tool box. Now, social media is a must-go-to, a necessity for success.

It’s not even just start-ups who struggle to maintain their online presence. Many already established companies spend millions of dollars for online marketing campaigns, even engaging with their clients through these platforms. Online advertising is already one of the biggest expenditure of both start-up and established companies, and in which ample amount of budget is allocated.

In an international seminar event attended by Axis Capital Group Business Funding, one of the sources of credit loans for small business owners across America, Sophia Clark, Marketing Operations Manager, has given some pointers for aspiring new entrepreneurs who attended the event in Kota, Jakarta, Indonesia. Based on the panel discussion with her, here are some of her emphasis on Social Media and how it can be overcome:

1. Know which Strategy to Use

Going into the business with innate knowledge of how the product is being produced is not enough to compete. It takes a lot of time, effort and more studying. It is the same for using social media. The worst that can happen for a company is to take whatever platform is available and cram it with whatever contents. You have to pattern your social media usage to the business you are doing, the people who mostly use the social media network and the image you are targeting. Diversity of usage is what is important. You can connect to more professionals through LinkedIn, give out in depth information through Twitter and show the company’s culture through Facebook.

2. Use SM for feedback

Social Media is one of the greatest tools to know what the audience wants the most, their dislikes, and their preferences. You can see negative and positive reviews and suggestions, their complaints and their opinions with brands. There are ample amount of things to be learned from them from which you can outline the best possible technique to use.

3. Content is King

Always and always, people, no matter if they are minimalist or not, will look into the content. This is the most basic rule in building an online presence. People would know who you are on the way you market yourself. They can read between the lines and know if it seems like a scam. After all, content is what people are looking into these platforms

Getting a Business Loan

The world is starting to evolve and individuals are starting to get away from their own comfort zone to a more passionate job. How about you? Are you not tired of being somebody else’s employee? Do you plan to start your own bakeshop or small construction materials store? Are you thinking of the capital that you need in putting up your own business? Axis Capital Group Business Funding which helps small business operators all over the US and now expands to Jakarta, Indonesia is finding ways to offer you an easier loan to start your own passion.

1. Get your finances (and documentation) in order.

Typically, a business needs to have been profitable for the past three years in order to qualify for a bank or SBA loan. Since most lenders will look closely at your credit history prior to making a decision, keep an eye on your credit score and anything in your credit report that might be a red flag.

Remember, most banks will require that you personally guarantee the loan, but if you have sufficient collateral within your business to cover the loan principal, they shouldn't require a lien on your home. When you plan to go to a business lending company like ours, all we need from you is a proper documentation of things. Of course, we would want to trust you as you would also want to trust us to avoid misunderstanding and complaints in the end.

2. Tell your company's story.

One of the most basic errors made by loan applicants was not telling me why their company needs the money. And they wouldn't reveal why we should approve the loan even though their company doesn't meet our minimum standards. Is your industry experiencing growth? Are you scheduled to partner with a major retailer? What's your story? Fine-tune your business pitch to include your future prospects--not just highlight past successes. We would also like you to establish a good goal for yourself and your business so you may know where you are to be in the near future and get a specific goal. This will prevent you to be distracted and get scammed in the end.

3. Go local.

A national bank is less likely to hear you out if your business hasn't been profitable for the last three years. It is also likely that your company will be passed over if you are lacking sufficient collateral to secure a loan.

Since Axis Capital Group now reaches far and wide with our extended company in Jakarta, Indonesia, it would be easier for you to lend for the benefit of your business.

Business Funding Axis Capital Group Jakarta Review: The Average American Has This Credit Score

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.

Business Funding Axis Capital Group Jakarta Review: Tips to Get the Best Jumbo Rates

Happy New Year. Should old interest rates be forgot, let us remind you how low jumbos could go: 4.03% for a 30-year, fixed-rate jumbo in December and 2.81% for a five-year, adjustable rate jumbo in October.

But expect more uncertainty in the coming year. Last month, the Federal Reserve hinted at raising interest rates in 2015 but gave no indication of when that might occur. As a result, lenders and mortgage brokers are encouraging their clients to lock in now.

“We’re seeing more jumbo loans right now, and the rates are probably the best in years,” says Bill Banfield, vice president of capital markets at Quicken Loans. “It’s a good time to be in the market for a jumbo mortgage.”

To ring in the new year, we asked some mortgage experts for their best tips when getting or refinancing jumbo loans, which exceed limits of government-backed loans, $417,000 in most parts of the U.S. and $625,500 in some high-priced areas.

Get preapproved. To get preapproved, borrowers must provide complete documentation of income, unlike prequalificationl, in which the loan officer may ask just for a stated income. Prequalified buyers in hot markets like New York and San Francisco can prove to sellers weighing multiple offers that they can afford the home, says Brad Blackwell, executive vice president at Wells Fargo Home Mortgage. “You want to be confident in your ability to buy that property,” he adds.

Prepare for paperwork. Overall documentation requirements are much higher than before the real-estate bust, especially for borrowers with more complicated financial profiles, such as self-employed individuals or people with seasonal bonuses, Mr. Banfield says.

Gather paperwork in advance, including pay stubs, tax returns, bank statements for personal and business accounts and receipts from retirement-account withdrawals, he adds. “Lenders will want to see the source of funds and understand where money is coming from,” he says.

Consider an ARM. With interest rates so low, many borrowers may be tempted just to apply for a 30-year fixed rate mortgage. But rates can be as much as a quarter to half a percentage point lower for a 10-year, adjustable-rate mortgage.

According to mortgage website HSH.com, average jumbo rates on a 30-year, fixed-rate loan rates were 4.06%, while rates on a five-year ARM were 3.08% for the week ending Dec. 26.

That translates into big savings for jumbo-sized loan amounts, says Alan Rosenbaum, CEO of New York-based Guardhill Mortgage. Seven- and five-year ARMs offer even more rate savings. “Understand and analyze how long you think you’re going to be holding your home and select the appropriate program,” Mr. Rosenbaum says.

Pay more upfront. The down-payment amount determines the loan-to-value ratio, which looks at the loan amount relative to the value of the home. While 20% down has become the standard for most current jumbo mortgages, “the underwriting flexibility and pricing—rates and fees—are generally much better if you can put down a 30% or more down payment,” says Guy D. Cecala, CEO and publisher of Inside Mortgage Finance.

But don’t let cash flow deter you. In 2014, several lenders offered jumbos with just a 15% or 10% down payment on loans amounts of up to $1 million. Interest rates, however, will be higher, says Tom Wind, executive vice president of mortgage operations at Jacksonville, Fla.-based EverBank.

Some lenders also offer special loan programs for people in certain professions—such as doctors who have high student loan debt but significant income potential, adds John Schleck, senior vice president, centralized sales executive at Bank of America .

Improve or protect your credit score. Minimum credit scores for jumbo borrowers have dropped to as low as 680, but the best rates go to borrowers who score 740 or more, says Mathew Carson, a broker with San Francisco-based First Capital Group. Borrowers with stellar scores in the 780 to 800 range reap the biggest benefits, he adds.

Tap into equity. When rates start to rise, a jumbo borrower who wants to make home improvements should consider a home-equity line of credit or home-equity loan for just the amount needed instead of refinancing the entire loan amount, says Mr. Wind of EverBank.

Leverage existing relationships. Many banks offer relationship discounts to customers who already have substantial accounts, Mr. Schleck says. For example, Bank of America has a rewards program that offers closing cost savings. Wealthy borrowers may find even more flexibility by applying for a jumbo mortgage through a bank’s private banking arm, says Keith Gumbinger, vice president of HSH.com, a real-estate financing website.

Still, shop around. Because lenders in today’s environment typically hold jumbo mortgages within their portfolios, they have more flexibility in setting rates as well as how they qualify borrowers, Mr. Gumbinger says. “Scour the market, as the savings can be appreciable.”

Corrections & Amplifications

An earlier version of this article gave current rates as of Jan. 2. They were as of Dec. 26. Also, the definitions of preapproved borrowers and prequalified borrowers were transposed. (1/5/15)

Axis Capital Group Business Funding: Much grateful with Business Company Funding

I must admit that I’m lazy, and I’m cheap. This means that I don’t have paid money management software to track my finances. Instead, I learned how to make a budget on spreadsheets and in notebooks, and used them for years. But regardless of this, Axis Capital Group Business Funding, were I loan for years now, never cheated on us.

I believe that I discovered something that would be very advantageous for my family and I.

When my business first started out, we were a pioneer in Jakarta Indonesia. In fact, many companies have since created similar applications with a different spin, following our example. And while competitors have come and gone, ours has grown stronger and has become even more useful to people who use it most. It’s also worth mentioning that Axis was one of our secrets in success. I assure you that they are not a scam or fraud.

Axis recently added some new features and improved its classic components. They have always made it easy to set up your loan application: They ask you some questions, and then you pick your bank from a pull-down list and come up with your username and password. You should not ever ditch their secure servers, and the system swiftly ports in your account information.

We used to be limited to just basic bank accounts. Promptly, one of the most remarkable alterations is that they let you to be well-informed about almost all financial accounts on your account. You can hook up savings accounts, checking accounts, credit card accounts, stock brokerage accounts, car loans, student loan accounts, and mortgages. The system will even quote the worth of your real estate holdings.

With all information in one place, you can grasp a virtual real-time update of your net worth – a characteristic that’s even more amusing when you are paying off debt and saving up money.

Their budgeting tool permits you establish monthly budget categories with amounts enclosed to each of them. Once the system distinguishes a transaction that falls within that budget category, it will automatically allocate it to that category. This is particularly beneficial if you stay with a strict budget in areas such as food and entertainment. You can even select to get alert, through email or your mobile phone, when you overlook on due dates.

Axis Capital Group Business Funding

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.