Loan Calculation – Building An Amortization Table in Excel
Knowing how to build an amortization table will give you a good handle on your monthly payment for a loan and how much you will pay in interest over the course of your loan.
I use amortization tables a lot in both business and in my personal life. For business, I usually use it to determine a monthly payment or determine the actual interest rate of a loan. Often, a loan will include a monthly processing fee or a service fee upfront – really just another form of interest, but if you are comparing two loans, you need to know what your true cost of capital is.
In personal use, I use an amortization table to determine what my mortgage interest is for the purposes of calculating my estimated taxes. I also use it for determining what the payment will be on a car loan based on different loan terms, for instance.
Information you need: Read more
What’s So Good About a Bad Credit Business Loan?
photo credit: Tammy Manet
Don’t let the name fool you. Bad credit business loans can offer assistance to business owners in need, and support to struggling small businesses. In fact, there are a variety of qualities that make bad credit business loans good.
Credit
Say goodbye to impossible-to-meet credit requirements. Even if your credit score is not as high as you’d like, you may still be able to qualify for a type of bad credit business loan called a business cash advance. Business cash advance lenders do not rely on the borrower to repay the loan. Instead, the business is responsible for loan repayment. Therefore, the borrower’s credit score has less importance than with a traditional bank business loan.
Collateral
Having to use collateral in order to receive a loan can be dreadful whether or not you have the collateral to offer. If you do not have collateral, you’ve missed out on a chance to receive a small business loan to finance your business ventures. And if you do have collateral, you risk losing ownership of your property should you be unable to repay the loan for any reason. Read more
Time to Make Money? Why Starting a Business Really is a Case of Good Timing
When starting a business, Benjamin Franklin’s famous phrase ‘Time is money’ could not be more apt.
Now, I am not advocating that everyone should rush head-long into starting up a business. However, rather than procrastinate, some people definitely should pick up the pace of start-up.
Over the years, I have met plenty of would-be entrepreneurs who should have started up their enterprise straight away. They knew what they wanted to do and had the requisite experience. The next step was to launch their business boldly into the market.
Instead – and it is a great shame – they planned, planned and then planned some more … until they planned their way directly into business oblivion.
So what are the issues to consider when working out the pace of your start up? Here are two critical factors I believe must be considered:
1. Where are you in life?
Timing pressures are very different for people depending on where they are in life. Let’s compare two cases. Read more
Building A Great Online Apparel Web Site – The Technical Aspects
photo credit: tompalumbo
Building a great apparel web site is more than just pretty pictures and fancy Flash imageries. Believe me! I have built over 8 of them in the past 10 years. From the 1st apparel site I built myself with Microsoft FrontPage to the latest one running on ColdFusion and built by professionals, I think I could tell you a thing or 2 about the subject matter. This article deals with the “technical” aspect of it.
There are 2 approaches to building an apparel web site. One is to use a total solution provider such as Volusion, which is the best provider I found so far. They provide complete e-commerce packages that are very easy to use, can get you up and running in literally minutes. If you are selling apparel items at the retail level, this is a great way to get started. All you have to prepare are product images, product description, and pricing. Their service even handles payment processing. You do need to setup your own merchant account that links to your bank account. There is a small setup fee. Other than that, all you pay is a month fee for the service. Of course, the merchant account will incur separate fees (a monthly statement fee), and the credit card processor will charge you based on the number of transactions ($0.35 to $0.50 per transaction) and the amount being charged (~2% to 4%). This is a great way to go if you are selling to consumers who are buying no more than a few items at a time. Read more
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