Autocross competition – Auto X Forum http://autoxforum.com/ Mon, 11 Apr 2022 03:51:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://autoxforum.com/wp-content/uploads/2021/11/icon-25-150x99.png Autocross competition – Auto X Forum http://autoxforum.com/ 32 32 Improving Inclusive Small Business Lending https://autoxforum.com/improving-inclusive-small-business-lending/ Mon, 11 Apr 2022 01:17:49 +0000 https://autoxforum.com/improving-inclusive-small-business-lending/ BEIJING: China will continuously improve the supply of financial services for micro and small enterprises this year, steadily increase bank credit, optimize credit structure and promote a reduction in overall financing costs, said the China Regulatory Commission for Financial Services. banking and insurance (CBIRC). The regulator recently issued a notice stating that the banking sector […]]]>

BEIJING: China will continuously improve the supply of financial services for micro and small enterprises this year, steadily increase bank credit, optimize credit structure and promote a reduction in overall financing costs, said the China Regulatory Commission for Financial Services. banking and insurance (CBIRC).

The regulator recently issued a notice stating that the banking sector should continue to increase the growth rate of inclusive loans to micro and small businesses and increase the number of such businesses that have obtained inclusive loans.

Banks should strive to continually increase the proportion of unsecured loans to total inclusive loans this year.

In addition, for a large state-owned commercial lender or a national equity-based commercial lender, the number of its new micro and small business clients who obtained loans from the bank for the first time is expected to be higher than in the past year. previous.

The CBIRC also urged the banking sector to work hard to ensure that the overall interest rate on new inclusive micro and small business loans for the full year sees a slight decline from the 2021 rate.

Banks should intensify the issuance of medium and long-term credits to micro and small enterprises in advanced manufacturing and strategic emerging industries, in addition to supporting the demand for medium and long-term funds in the areas of modernization of equipment, technological innovation and green transitions.

The regulator has also encouraged banks to partner with external institutional investors in exploring a new model to serve small tech startups by combining loans with direct investments.

For micro and small businesses that face temporary difficulties but still have the intention to repay the loans and the ability to create jobs, banks should negotiate with them and decide how they will make loan principal and interest payments. according to the principle of market orientation.

In addition, the CBIRC said that all levels of regulators and banking and insurance institutions should push for the construction of credit information sharing mechanisms and funding service platforms, as well as promote the expanding the scope of information sharing in an orderly manner.

Meanwhile, Premier Li Keqiang has called for strengthened measures to stabilize economic growth, while pointing to growing uncertainties and challenges facing the economy as the nation grapples with its greatest Covid-19 challenge. 19 since the early days of the pandemic.

While chairing a symposium on the performance of the economy with experts and business leaders on Thursday, Li stressed the need for more proactive measures to stabilize growth, especially with regard to the labor market. and commodity prices.

Policy measures should be put in place from the start and strengthened where necessary, while policies already rolled out should be put in place as soon as possible, he said.

Policies in the pipeline should be introduced earlier and new plans should be considered, the Prime Minister added.

Li pointed to the complex and changing international landscape and frequent recent Covid-19 outbreaks as headwinds facing the economy, saying some areas of concern had “exceeded expectations”.

The Purchasing Managers’ Index (PMI) for China’s manufacturing sector stood at 49.5 in March, down from 50.2 in February, according to data from the National Bureau of Statistics, slipping to a contraction after remaining in expansion territory for four consecutive months.

The non-manufacturing PMI, which covers services and construction, came in at 48.4 from 51.6 in February, slipping into contraction mode for the first time in seven months.

Li reiterated the role of market players as key pillars in stabilizing economic fundamentals, saying the government must help small businesses and self-employed people who are now facing operational difficulties.

He pointed to grain production, energy supply and unhindered logistics as key factors underpinning commodity price stability.

It is important to ensure the supply and price stability of key commodities used in agricultural production and to secure a bumper grain harvest this year, he said.

The potential of discounted coal generation capacity needs to be further unleashed and supporting policies for coal-fired power plants should be put in place to ensure the stability of energy supply, the prime minister said.

He called for more coordinated measures to ensure the orderly functioning of major transport corridors and ports, saying more targeted measures should be considered to help truckers and logistics operators reduce costs.

Li pledged to continue to provide a level playing field for businesses of various types and promote the healthy growth of the platform economy to create more jobs. – Chinese Daily/ANN

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The GCP fund offers multi-family construction loans ranging from $1,000,000 to $100,000,000 https://autoxforum.com/the-gcp-fund-offers-multi-family-construction-loans-ranging-from-1000000-to-100000000/ Sat, 09 Apr 2022 13:00:00 +0000 https://autoxforum.com/the-gcp-fund-offers-multi-family-construction-loans-ranging-from-1000000-to-100000000/ New York, NY, April 09, 2022 — (PR.com) — Real estate investors and developers are struggling to access multifamily construction projects as many commercial banks won’t even consider lending for these types of construction jobs. GCP Fund is one of the few lenders working with multi-family residential properties and providing loans for multi-family construction. They […]]]>
New York, NY, April 09, 2022 — (PR.com) — Real estate investors and developers are struggling to access multifamily construction projects as many commercial banks won’t even consider lending for these types of construction jobs. GCP Fund is one of the few lenders working with multi-family residential properties and providing loans for multi-family construction. They offer permanent and temporary loans available in several regions of the United States. The fund has a proven track record of providing loans ranging from $1,000,000 to megaprojects that can cost around $100,000,000.

As a direct lender, they do not have to rely on external sources of financing, which allows them to offer very competitive rates and terms for all of their financing programs.

The different types of multi-family properties they help finance include nursing homes, townhouse developments, apartment buildings with more than five units, assisted living facilities, office buildings and apartment buildings. retail. Properties, however, must pass site inspection and have a permanent certificate of occupancy.

A company spokesperson said: “Our goal is to help facilitate the development of such projects as they are a great addition to communities and help enrich many lives. For this reason, we offer lower rates than other types of commercial real estate loans. We are also not afraid of large megaprojects that can cost up to $100 million.

He added, “Our loan programs are designed to give you fast and flexible financing options that will help you make sound investment decisions. Of course, the dollar amount is not the only determining factor if we can approve a loan. We will always review the developer/sponsor’s experience and credentials and ensure that the property in question is well located.

Countless developers rely on them to provide the financing they need for their construction projects, so that they are completed on time and within budget.

About Global Capital Partners Fund, LLC
Under the visionary leadership of its President Joe Malvasio, GCP Fund has played a role in real estate development in New York City. They have quickly become one of New York City’s most trusted commercial asset-based lenders. The company prides itself on top-notch customer service and a fast loan approval process. For more information, visit the website listed below.

Contact information
Website: https://gcpfund.com/
Contact: 1-800-514-7350
Address: 555 Fifth Ave. Suite 1501, New York, NY 10017
Email: contact@gcpfund.com

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Citrus North Offers Direct Lender Loans For Autocross Competition https://autoxforum.com/citrus-north-offers-direct-lender-loans-for-autocross-competition/ Fri, 08 Apr 2022 08:01:46 +0000 https://autoxforum.com/stride-funding-fills-a-gap-in-the-student-loan-market/ Looking for a direct lender loan to help finance your autocross competition dreams? Look no further than Citrus North! Bad Credit OK Citrus North. We are proud to offer easy loans to help speed demons across the country realize their racing ambitions. Our direct lender loans provide fast and easy financing for anyone looking to […]]]>

Looking for a direct lender loan to help finance your autocross competition dreams? Look no further than Citrus North! Bad Credit OK Citrus North. We are proud to offer easy loans to help speed demons across the country realize their racing ambitions. Our direct lender loans provide fast and easy financing for anyone looking to get behind the wheel and compete in autocross events. Apply today and see how we can help you achieve your goals!

What are direct lender loans and how do they work?

A direct lender loan is a type of loan in which the lender provides the borrower with funds directly, as opposed to through a third party. This means that the borrower can work directly with the lender to secure financing, without having to go through a bank or other financial institution. Direct lender loans are often easier to obtain than traditional loans, as the process is typically simpler and faster.

At Citrus North, we are proud to offer direct lender loans to help finance your autocross dreams. Our easy loans can be used to cover the cost of entry fees, vehicle expenses, and more. We understand that competition can be expensive, but we believe that everyone should have the opportunity to compete. Apply today and see how we can help you realize your racing ambitions!

How do you qualify for a direct lender loan?

In order to qualify for a direct lender loan, you will need to meet the following criteria:

  • You must be 18 years of age or older
  • You must have a valid driver’s license
  • You must have a clean driving record
  • You must have proof of income and employment status
  • You must have a valid credit or debit card

If you meet all of the above criteria, you can apply for a direct lender loan from Citrus North today. 

The benefits of using a direct lender for your auto loan needs

There are many benefits to using a direct lender for your auto loan needs, including:

  • Convenience: Applying for a loan from a direct lender is typically much simpler and faster than going through a bank or other financial institution. This means that you can get the money you need quickly and without any hassle.
  • Flexibility: Direct lenders often offer more flexible repayment terms than banks and other financial institutions. This means that you can choose a repayment plan that best suits your needs and budget.
  • Competitive rates: Direct lenders typically offer competitive interest rates on their loans. This means that you can get the money you need at a rate that is affordable for you.

How to find the best direct lender for your specific needs?

There are a few things to consider when finding the best direct lender for your specific needs:

  • Interest rates: It is important to compare interest rates from different lenders in order to find the most competitive rate.
  • Loan terms: You should also compare loan terms in order to find a repayment plan that best suits your needs.
  • Fees: Some direct lenders may charge additional fees, such as origination or processing fees. It is important to compare these fees in order to find the most affordable loan possible.

If you are looking for a direct lender , Citrus North is here to help. We offer easy loans with competitive rates and flexible repayment terms. Apply now and see how we can help you realize your racing ambitions!

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Benefits of Paying Student Loans Every Two Weeks https://autoxforum.com/benefits-of-paying-student-loans-every-two-weeks/ Thu, 07 Apr 2022 21:43:34 +0000 https://autoxforum.com/benefits-of-paying-student-loans-every-two-weeks/ When it comes to paying off a student loan, most borrowers opt for the simpler option: regular monthly installments, often withdrawn automatically from a bank account. However, you are not limited to the standard payment schedule. If you choose to pay off your student loans every two weeks instead of once a month, you’ll pay […]]]>

When it comes to paying off a student loan, most borrowers opt for the simpler option: regular monthly installments, often withdrawn automatically from a bank account. However, you are not limited to the standard payment schedule. If you choose to pay off your student loans every two weeks instead of once a month, you’ll pay off your loans faster and save money.

Why Bi-Weekly Payments Help You Pay Off Student Loans Faster

When you make biweekly payments on your student loans, you choose to make 26 half payments instead of the 12 monthly payments you normally would. With 26 half payments made in a year, you end up making an additional full payment on your student loan every 12 months.

The amount you can save with this method depends on how much you owe, your current payment, and the current interest rate on your student loan. However, the following example can give you a general idea.

Let’s say you borrow $36,000 in unsubsidized direct loans for your undergraduate studies, which currently charge a fixed interest rate of 3.73%. On a standard 10-year repayment plan, your monthly payment would be $359.88 and you would pay a total of $4,318.56 over 52 weeks.

Now imagine that you split your payment in half and pay $179.94 every two weeks. Over a year, that equates to $4,678.44, a full payment more than you would otherwise pay. During the 10-year plan, you’ll pay off your student loans 11 months faster.

Plus, you’ll also pay less interest by structuring payments this way. Every dollar you pay over the required amount can go directly to your main balance, meaning less of your payment is eaten up by interest charges over time.

How to set up bi-weekly payments

To set up bi-weekly payments, all you need to do is make a mental note to pay your student loans bi-weekly instead of monthly, then make sure your budget is set accordingly. Most lenders don’t have systems in place to use auto-pay every two weeks, although you can always ask your lender about your options.

For bi-weekly payments to help pay off your student loans, you will need to:

  • Split your monthly payment in half. Take your regular student loan payment and divide it in half. The amount you offer is the amount you will pay on a bi-weekly payment plan.
  • Pay this amount every two weeks. Instead of paying your student loan bill once a month, you’ll make the payment every two weeks.
  • Make both payments before your student loan is due. Both payments made in a month must be applied to your student loan by the due date of each billing period.
  • Make sure your lender is applying payments the right way. You may need to contact your lender to ensure that overpayments are applied to your student loan principal rather than future payments.

How to budget for bi-weekly payments

Making payments every two weeks means you’ll be paying a little more for your student loans each month, so you may need to adjust your budget slightly. If you get paychecks every two weeks, try aligning your student loan payments accordingly — that way, it’s easier to see how biweekly payments affect your monthly expenses.

Once you can compare this bi-weekly payment to your take home pay, make sure you have enough income to cover other major bills and expenses, such as your rent or mortgage payment, car payment, bills insurance, utility bills and typical living expenses. If you need to, cut discretionary spending where you can.

Other ways to pay off student debt faster

If you’re not sure you can afford biweekly payments on your student loans, or if you’re just looking for the fastest way to pay off your student loans, there are additional strategies that may work.

Make payments every 3 weeks

Instead of making biweekly payments for your student loans, or 26 half payments per year, consider making your full monthly student loan payment every three weeks. With this repayment strategy, you would end up making just over 17 student loan repayments per year instead of 12.

Making monthly payments every three weeks will require a greater financial commitment on your part, but the time and money you save can be significant. With the $36,000 example above, making 17 full payments per year would reduce the repayment period by three years – not to mention significantly lower total interest charges.

Consider refinancing your student loans

Borrowers may also consider refinancing their student loans with a private lender, although refinancing federal loans with a private company means missing out on federal benefits such as deferment, forbearance, and repayment plans. income oriented. If your main goal is to get out of debt, refinancing can certainly make sense.

When you refinance, you’ll get a new loan to replace your existing loans, in most cases targeting a lower interest rate. By getting a lower interest rate, you may be able to make larger payments on your principal and shorten your repayment schedule.

Before you refinance student loans, see if you can qualify for the best student loan rates and terms, and use a student loan calculator to determine the total savings.

Implement other debt repayment strategies

If you have multiple student loans and want to save money or pay off debt faster, you can also get a head start with the Snowball or Debt Avalanche repayment methods.

With the debt snowball strategy, you’ll make the minimum payment on all of your loans, then invest as much extra money as you can into your smallest loan each month. As your smaller debts are paid off, you will “snowball” those payments to the next smaller debt until all of your student loans are exhausted. This debt repayment strategy might not make the most sense in terms of savings, but it will help you reduce the number of loans you have while giving you a regular motivational boost.

With Debt Avalanche, on the other hand, you’ll make the minimum payment on all of your loans, and then pay as much as you can on the loan with the highest interest rate each month. As your most expensive debts are paid off, you will “swallow” those payments toward the loan with the highest interest rate until all of your loans are paid off. This debt repayment will help you save the most interest over time, while helping you pay off your student loans faster.

Register for Civil Service Loan Cancellation

You may consider enrolling in the Public Service Loan Forgiveness Program, or PSLF, if you plan to pursue work in the public sector. You must work for an eligible public service employer to qualify, but this plan allows you to make monthly payments on an income-driven repayment plan for 120 months before your remaining loan amounts are forgiven.

Although PSLF requires 10 full years of on-time monthly payments to qualify, this repayment plan can be a lifesaver for people who struggle to pay the payment on a standard 10-year repayment plan, as well as those who could otherwise spend decades in student debt.

Learn more:

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How to start paying student loans https://autoxforum.com/how-to-start-paying-student-loans/ Thu, 07 Apr 2022 21:32:45 +0000 https://autoxforum.com/how-to-start-paying-student-loans/ Although the exact timeframe depends on your lender, you’ll typically start paying off your student loans six months after graduation or fall below halftime. But if you’ve never had a loan before, it may take some getting used to. If you’re approaching graduation day, take stock of how much you owe, how long your grace […]]]>

Although the exact timeframe depends on your lender, you’ll typically start paying off your student loans six months after graduation or fall below halftime. But if you’ve never had a loan before, it may take some getting used to. If you’re approaching graduation day, take stock of how much you owe, how long your grace period is, and how you’ll need to adjust your monthly budget to account for payments.

When do you start repaying student loans?

Most federal student loans require borrowers to start making payments six months after graduation, drop below half-time, or quit school. This period of time is called a grace period. Parents who have taken out PLUS loans do not automatically benefit from this grace period, although they can apply for one.

When it comes to private student loans, options and repayment plans vary. Most private student loans allow you to defer payments until you graduate, and many offer their own grace periods ranging from six to nine months. In some cases, private student loans offer payment plans that allow you to make interest-only payments or fixed monthly payments during school, in which case you will make partial payments on the student loan as soon as the loan is completed. will be disbursed.

How do I make my first student loan repayment?

To make your first student loan payment, you will need to open an account with your loan officer or lender. You will receive a billing statement from your repairer before your first payment is due; this statement will tell you the payment amount and the due date, and it may include instructions on how to make the payment.

Most student loan servicers allow borrowers to make payments online, via a regular check, or even over the phone. Many companies also allow borrowers to set up their student loans for automatic payments.

What if I don’t have a job yet?

If your student loan payments are coming due and you don’t have a job or other sources of income, there are ways to apply for temporary help.

Federal student loans come with deferment and forbearance programs that allow borrowers to skip monthly payments in times of hardship. You can learn more about temporary deferment and forbearance options for federal student loans at Federal Student Aid website. You can also get relief by setting up your student loans for income-contingent repayment. These plans base your monthly payment on your income, and payments can be as low as $0 for those who qualify.

If you have private student loans, you will need to speak with your individual lender. Private lenders may have their own deferment options for borrowers who are unemployed, although these are temporary solutions.

Strategies for starting student loan repayment

As you prepare to start paying off your student loans, there are several steps that can get you on the right track. Consider these strategies to get ahead of your monthly student loan bill.

Find out who your loan manager is

Your loan officer is the company you will be making payments to. In general, you can find out who manages your loans by visit your Federal Student Aid account dashboard (if you have federal loans) or check your credit reports (if you have private loans).

Keep a record of all your loan managers – you may have more than one if you have multiple loans. You will receive regular communications from your managers regarding the repayment of your loan and you will be required to make payments to each.

Know your total balance and your monthly payment

Before you begin repayment, confirm your total loan balance and monthly payment by logging into your Federal Student Aid account or the account you have with your servicer. You can use a loan calculator to dig deeper into how different repayment terms will affect your monthly payment and what happens if you make additional payments.

Create a budget

Look for ways to make sure your monthly student loan payment fits into your budget without forcing you to pay other bills. For example, see if you can reduce discretionary spending to free up more money for student loan repayments.

Set up automatic payment

Consider setting up your student loans for automatic payments. This can help you block automatic payment discounts that may be offered to you while helping you avoid missed or late payments.

Student loan repayment options

Federal student loans will be subject to a standard 10-year repayment plan unless otherwise specified by you with your loan officer. With that in mind, you should research other plans to make sure you have the best option for your needs. Many federal student loan repayment plans will allow you to repay your loans for up to 25 years, and you may get a lower monthly payment if you repay over a longer period.

As you begin to repay your student loan, you might consider asking about:

  • Income Oriented Repayment Plans: Although income-based repayment plans extend your repayment period by 10 to 15 years, they are a good option for lowering your monthly payments. With these plans, your payments will be set at a percentage of your Discretionary Income.
  • Public service loan forgiveness: With the PSLF, borrowers who work full-time for eligible public service employers can repay their loans on an income-based repayment plan for 10 years before having their remaining balances forgiven.
  • Extended repayment plan: The Extended Repayment Plan sets a 25-year repayment schedule, with payments that can be fixed or graduated. Direct loan borrowers must have at least $30,000 in direct loans to qualify.
  • Graduated repayment plan: Borrowers who expect regular salary increases can benefit from the Graduated Repayment Plan, which starts student loan repayments low and gradually increases them over time.

Federal and private borrowers may also consider refinancing to take an alternate route to repayment, although this is generally only preferable for private loans. Refinancing replaces your existing loans with a new one, and it’s a way to get a lower interest rate or a different repayment period.

Ultimately, finding the right payment plan for your student loans will make keeping track of payments much easier. Research your repayment options early in the process and don’t settle until you find a plan that suits your needs and budget.

Learn more:

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Golub Capital BDC, Inc. Anticipates Second Quarter Fiscal 2022 Results Release | News https://autoxforum.com/golub-capital-bdc-inc-anticipates-second-quarter-fiscal-2022-results-release-news/ Thu, 07 Apr 2022 20:10:00 +0000 https://autoxforum.com/golub-capital-bdc-inc-anticipates-second-quarter-fiscal-2022-results-release-news/ NEW YORK, April 7, 2022 /PRNewswire/ — Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced today that it will release its financial results for the quarter ended March 31, 2022 on Tuesday, May 10, 2022 after the close of financial markets. Golub Capital BDC, Inc. will host an earnings conference call […]]]>

NEW YORK, April 7, 2022 /PRNewswire/ — Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced today that it will release its financial results for the quarter ended March 31, 2022 on Tuesday, May 10, 2022 after the close of financial markets.

Golub Capital BDC, Inc. will host an earnings conference call at 3:00 p.m. (Eastern Time) Wednesdayon May 11, 2022 to discuss its quarterly financial results.

All interested parties may participate in the conference call by dialing (888) 330-3529 approximately 10-15 minutes prior to the call; international callers should dial (646) 960-0656. Entrants should refer to Golub Capital BDC, Inc. when prompted. An archived replay of the call will be available shortly after the call until 11:59 p.m. (Eastern Time) on May 25, 2022. To hear the replay, please dial (800) 770-2030. International dialers, please dial (647) 362-9199. For all reruns, please quote program ID 5111111.

ABOUT GOLUB CAPITAL BDC, INC.

Golub Capital BDC, Inc. (“GBDC”) is a non-diversified, externally managed closed-end investment company that has elected to be treated as a business development company under the Companies Act investment fund of 1940. GBDC invests primarily in stop loss and other senior secured loans to middle market companies which are often sponsored by private equity investors. GBDC’s investment activities are managed by its investment advisor, GC Advisors LLC, a subsidiary of the Golub Capital LLC (“Golub Capital”) group of companies.

ABOUT GOLUB CAPITAL

Golub Capital is a market-leading, award-winning direct lender and credit asset manager with over $45 billion capital under management. Golub Capital specializes in providing reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The company’s expertise in sponsor financing also forms the basis of its late-stage loan investment programs, extensively syndicated loans and credit opportunities. Across all of its businesses, Golub Capital nurtures long-term, win-win partnerships that inspire loyalty from sponsors and private equity investors. Founded over 25 years ago, Golub Capital now has over 600 employees and lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees. performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied by forward-looking statements due to a number of factors, including those described from time to time in documents filed with the Securities and Exchange Commission. Golub Capital BDC, Inc. assumes no obligation to update any forward-looking statements contained herein. All forward-looking statements speak only as of the date of this press release.

Source: Golub Capital BDC, Inc.

Show original content:https://www.prnewswire.com/news-releases/golub-capital-bdc-inc-schedules-release-of-fiscal-year-2022-second-quarter-results-301520214.html

SOURCE Golub Capital BDC, Inc.

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Kapitus Opens Office in Chennai, India, Expanding Operations to Better Serve American Small Businesses https://autoxforum.com/kapitus-opens-office-in-chennai-india-expanding-operations-to-better-serve-american-small-businesses/ Thu, 07 Apr 2022 02:30:00 +0000 https://autoxforum.com/kapitus-opens-office-in-chennai-india-expanding-operations-to-better-serve-american-small-businesses/ NEW YORK & CHENNAI, India–(BUSINESS WIRE)–capitus, a leading provider of financing for small and medium-sized businesses in the United States, today announced the expansion of its operations with the opening of its office in Chennai, India. The expansion is part of a broader company growth roadmap and demonstrates Kapitus’ commitment to providing innovative and customizable […]]]>

NEW YORK & CHENNAI, India–(BUSINESS WIRE)–capitus, a leading provider of financing for small and medium-sized businesses in the United States, today announced the expansion of its operations with the opening of its office in Chennai, India. The expansion is part of a broader company growth roadmap and demonstrates Kapitus’ commitment to providing innovative and customizable business financing options.

The 7,500 square foot office located along Rajiv Gandhi IT Expressway in Perungudi, Chennai opened on April 1, 2022 with nearly 100 employees. The Indian team provides application processing, credit analysis, data analysis, predictive modeling, and technology and financial support. Throughout 2022, Kapitus will be looking for top talent to join the team, with plans to hire an additional 20 new full-time employees in India by the end of the year, and an additional 30 new hires in 2023.

“Kapitus is dedicated to helping small businesses grow by providing fast, efficient financing options that banks can’t or won’t offer. The Covid-19 pandemic, staffing shortages in the United States, Supply chain disruptions and inflation have combined to make small businesses fast and reliable, and business financing is even more critical,” said Ben Johnston, chief operating officer at Kapitus. “The expansion of our workforce in India helps further this mission, while ensuring our ability to provide small businesses with critical financing throughout macroeconomic cycles.”

Murali Govindarajulu will serve as Chief Commercial Officer of Kapitus India, leading the Chennai office, working with Kapitus management in the US to lead an India-based team with extensive experience in scaling global operations.

“The small business finance industry is a dynamic ecosystem that is undergoing major technological transformation in the United States and India,” Govindarajulu said. “It’s an exciting time to be in the industry and I’m excited to work alongside people from both countries who share a passion for innovative financing solutions for small businesses.

To learn more about Kapitus and how they serve small businesses, visit: www.kapitus.com

About Kapitus

Founded in 2006, capitus is one of the most experienced and trusted names in small business financing. As a direct and market-built lender with an extensive network of lending partners, Kapitus has provided over $3.6 billion in growth capital to over 64,000 US-based small businesses. Kapitus offers a variety of small business financing products, including business loans, SBA loans, revenue-based financing, equipment financing, revolving lines of credit, invoice factoring, and bond financing. control.

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Financial Assistance Programs for Native American Homebuyers https://autoxforum.com/financial-assistance-programs-for-native-american-homebuyers/ Wed, 06 Apr 2022 20:43:48 +0000 https://autoxforum.com/financial-assistance-programs-for-native-american-homebuyers/ In today’s aggressive housing market, it’s crucial to stay ahead of the competition and take advantage of all the options available for financial assistance. For Native American home buyers, there are several loan programs to help secure financing and secure a mortgage with affordable interest rates. These mortgages are specifically designed for Native American and […]]]>

In today’s aggressive housing market, it’s crucial to stay ahead of the competition and take advantage of all the options available for financial assistance. For Native American home buyers, there are several loan programs to help secure financing and secure a mortgage with affordable interest rates. These mortgages are specifically designed for Native American and Alaska Native families, Alaskan Villages, Tribes, or Tribal Designated Housing Entities.

We spoke to finance experts for details on the top three homebuyer programs available exclusively to members of federally recognized tribes.

Section 184 Indian Home Loan Guarantee Scheme

Section 184 is a federal home loan program that allows eligible applicants to obtain loans for properties both off and on Indigenous lands.

Eligible properties include new homes, homes to be renovated (referred to as “rehabilitation” in loan terms) and existing homes. The funds can also be used to refinance an existing home.

“Section 184 makes it easy for Native Americans to buy homes without going through complicated paperwork,” says Adam GarciaCEO of Dork Stock. “And it reassures lenders that their investment will yield favorable returns in the event of a foreclosure.

“In addition, the US Department of Housing and Urban Development monitors financing options and ensures that the applicant meets all requirements,” adds Garcia.

Using a Section 184 loan offers the following benefits:

  • Low down payment: Buyers pay 2.25% down payment on loans over $50,000 and 1.25% on loans under $50,000.
  • Low interest rates: The loan rate is based on market rates instead of the applicant’s credit score.
  • Manual subscription: The loan takes a hands-on approach to underwriting and approval, as opposed to automated decision-making tools, which may disqualify some buyers.
  • Protection against predatory lending: The program tracks fees Approved Lenders may charge Aboriginal borrowers. (Section 184 loans cannot be used for adjustable rate mortgages.)

How to qualify: To apply for a Section 184 loan, you must be part of a federally recognized tribe and be in the process of purchasing a home to be your primary residence.

Native American Direct Loan

For those who served in the military, the Native American Direct Loan Program offers a low interest 30 year fixed rate mortgage. Some benefits of NADL include no down payment required, no private mortgage insurance required, and limited closing costs.

“Through NADL, eligible applicants can obtain loans on affordable terms to buy a home or fund ongoing home loans,” says Alex Williamsfinancial director of FindThisBest. “NADL loans can also be used to rebuild a house.”

Note that these loans are for buyers who intend to live in the home they plan to buy, build or improve instead of renting the home for profit.

How to qualify: In addition to proving your membership in a federally recognized tribe, you will need a VA Home Loan Eligibility Certificate to qualify for this program. Additionally, you will need to meet NADL credit standards to prove that you earn enough to cover mortgage payments and costs associated with owning a home.

Native American Home Ownership Initiative

First-time home buyers can consult Native American Home Ownership Initiativea grant program managed by the Federal Home Loan Bank of Des Moines and its partner banks. This program is designed specifically for first-time home buyers from Native American, Hawaiian, or Alaskan Native communities. Since 1995, FHLBDM has helped more than 20,000 families obtain housing finance.

“Under this program, eligible individuals receive $15,000 for a down payment and assistance with closing costs,” says Jessica Chasecredit and financing expert at Premier Securities Lending. “Additionally, it also improves the loan-to-value ratio of mortgages.”

An LTV ratio is the amount you borrow from your lender, divided by the purchase price of the home, which is then expressed as a percentage. Translation: You won’t necessarily need to make the standard 20% down payment (equivalent to an 80% LTV ratio) on your loan if you receive NAHI assistance.

How to qualify: Once you complete an application, you will also need to meet program income requirements and complete a buyer education course.

The bottom line

This list is by no means exhaustive when it comes to financial assistance programs available, especially for first-time home buyers. In addition to these national programs, you may also be eligible for specific state programs and local assistance programs through your bank.

“Several Native American-owned banks, such as Bank of Cherokee County and AllNations Bank, offer different programs for tribal members,” Chase explains.

For more information on homeowner assistance programs you may be eligible for, consider contacting one of HUD Free Counseling Service Agencies.

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First Eagle Alternative Capital BDC, Inc. Anticipates Earnings Release and Conference Call for… | News https://autoxforum.com/first-eagle-alternative-capital-bdc-inc-anticipates-earnings-release-and-conference-call-for-news/ Wed, 06 Apr 2022 13:00:00 +0000 https://autoxforum.com/first-eagle-alternative-capital-bdc-inc-anticipates-earnings-release-and-conference-call-for-news/ BOSTON, April 06, 2022 (GLOBE NEWSWIRE) — First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) (the “Company”) announced today that it will report its financial results for the first fiscal quarter ended March 31, 2022, after market close on Monday, May 9, 2022. The Company will host a conference call to discuss these results and […]]]>

BOSTON, April 06, 2022 (GLOBE NEWSWIRE) — First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) (the “Company”) announced today that it will report its financial results for the first fiscal quarter ended March 31, 2022, after market close on Monday, May 9, 2022.

The Company will host a conference call to discuss these results and its business outlook on Tuesday, May 10, 2022 at 9:30 a.m. Eastern Time. For those wishing to participate by telephone, please dial (877) 375-9141 (domestic) or (253) 237-1151 (international) and use pass code 4368367. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.feacbdc.com. Beginning approximately two hours after the call ends, a replay will be available through Friday, May 20, 2022 by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international) and by entering passcode 4368367. The replay will also be available on the Company’s website.

About First Eagle Alternative Capital BDC, Inc. First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) is a closed-end investment company that has elected to be treated as a business development company under of the Investment Company Act of 1940. The Company’s investment objective is to generate both current income and capital appreciation primarily through investment in privately traded debt and equity securities middle market companies. The Company is a direct lender to middle market businesses and invests primarily in directly issued senior secured senior loans, including unitranche investments. In some cases, the Company also provides second lien secured loans and subordinated or mezzanine debt investments, which may include an associated equity component such as warrants, preferred shares or other similar securities and co -direct investments in shares. The Company targets investments primarily in mid-market companies with annual EBITDA typically between $5 million and $25 million. The company is headquartered in Boston, with additional assembly crews in Chicago, Dallas, Los Angeles and New York. The Company’s investment activities are managed by First Eagle Alternative Credit, LLC (the “Advisor”), a registered investment adviser under the Investment Advisers Act of 1940. For more information about First Eagle Alternative Capital BDC, Inc., please visit www.feacbdc.com. For more information about First Eagle Alternative Credit, LLC, please visit www.feac.com.

Forward-Looking Statements Statements made in this press release may constitute forward-looking statements. These statements reflect various assumptions of the Company regarding expected results and are not guarantees of future performance. The accuracy of these statements involves known and unknown risks, uncertainties and other factors that, in some respects, are beyond management’s control, including factors described from time to time in documents filed by the Company with of the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.

Investor Contact: First Eagle Alternative Credit, LLC Leigh Crosby (617) 790-6060 Leigh.Crosby@firsteagle.com

Media Contact: Stanton Public Relations and Marketing, LLC Charlyn Lusk (646) 502-3549 cluster@stantonprm.com

Copyright 2022 GlobeNewswire, Inc.

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[In-depth] Thinking of buying a used car? Steps to apply for a loan https://autoxforum.com/in-depth-thinking-of-buying-a-used-car-steps-to-apply-for-a-loan/ Wed, 06 Apr 2022 02:59:00 +0000 https://autoxforum.com/in-depth-thinking-of-buying-a-used-car-steps-to-apply-for-a-loan/ Easy access to loans and fast payouts make used cars popular. The pandemic has also caused a surge in demand for personal vehicles as people prefer to have their vehicle over public transport to ward off potential health risks. Buy one used car also makes sense for first-time buyers as it allows them to own […]]]>

Easy access to loans and fast payouts make used cars popular. The pandemic has also caused a surge in demand for personal vehicles as people prefer to have their vehicle over public transport to ward off potential health risks. Buy one used car also makes sense for first-time buyers as it allows them to own a decent car at an affordable price. It also allows them to hone their driving skills. To make used cars more appealing to consumers, dealerships also offer a trade-in of your existing vehicle with a used car.

Most banks allow used car loans to their customers. However, the terms and conditions of a used car loan are different from those of a new vehicle. car loans.

Used car loan vs new car

A new car loan is generally offered at a lower interest rate than a used car loan. The maximum repayment term for a new car loan is generally up to 7 years, while the repayment term for a used car loan depends on the age of the car. Generally, lenders allow a maximum repayment period of 5 years. Some banks give used car loans for vehicles up to 3 years old, while there are no such restrictions on a regular car loan. The loan to value ratio (LTV) of a used car loan is generally lower than that of a new car loan. It is therefore crucial that you know the steps to take to obtain a used car loan and the applicable rates. Looked.

Select your car

There are two ways to buy a used car. The first is to find direct sellers, i.e. car owners who want to sell their car directly to the buyer, and the second is to buy a vehicle from dealers or used car dealerships. . Some banks offer used car loans at a reduced interest rate if you buy them from an authorized car dealership. When you buy a used car from your direct contact, you must take care of all the paperwork and the transfer of ownership of the car; on the other hand, if you buy it from a certified car dealer, they take care of all the paperwork. The certified car dealership also helps in securing the loan from its associated lenders.

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Zero in your budget

It is always better to opt for a car loan that you can easily maintain. Before buying a used car, it is always best to determine an amount that you are comfortable paying.

Assess the current condition of the car

You need to buy a car in good condition that requires minimal maintenance. Your car should fit your budget, but at the same time, it should be strong enough for the long term. If there have been recurring problems with the car, it makes sense not to buy it. Therefore, before buying a car, check every detail of the car to get the best deal.

The age of the car

One of the most important factors you may need to consider before picking up a used car is to check the age of the car. Ideally, you shouldn’t take a car that’s more than seven years old, as the potential for repairs and replacements might be higher. The value of the car decreases over time. Lenders also consider the age of the car before granting a loan.

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Contact your lender

After selecting a car, you need to contact the lenders from whom you want to take the loan. You can compare different lenders based on the interest rate offered on the used car loan, loan margin required, processing fees, repayment term provided, etc. Check the lender’s eligibility standard and applicable conditions. The interest rate on a used car loan varies greatly from lender to lender, so you should check the applicable interest rate before choosing the lender. Consult the table below to find out the interest rate applicable to the used car loan. If the interest rate, fees, and LTV meet your needs, you can select the lender and proceed with a loan application.

Interest rate on used car loan

Bank name Interest rate
Bank of India 6.85%
UCO Bank 7.25%
Canara Bank 7.30%
National Bank of Punjab 7.75%
Overseas Indian Bank 8.55%
central bank 8.60%
National Bank of India 8.70%
Bank of Punjab and Sindh 9.85%
Bank of Maharashtra 9.95%
Bank of Karnataka 10.00%
**

Submit documents for the loan

Apart from the regular documents required to take out a loan, such as proof of identity, proof of address and proof of income, the lender will also request documents such as a proforma invoice, a copy of the RC book of the seller and a copy of the car insurance from the seller. The list of documents may vary from one lender to another. The lender often allows quick principle approval in most cases. Once the loan is approved, the lender requires more documents before processing the payment at the time of disbursement. The borrower must submit documents such as a contract of sale between buyer and seller showing the consideration for the sale, a mortgage authorization letter with Form 35 (if applicable) and a letter from the insurance company for the change of the insured name of the financier.

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After these documents are submitted, the bank processes the amount to the seller’s account, and the buyer can immediately take possession of the car.

** Interest rates on used car loans for all listed public and private banks (BSE) were taken into account for the compilation of data (excluding small financial banks). Banks whose data is not available on their website have not been taken into account. The data was collected from the respective bank’s website on April 4, 2022. The top 10 banks are listed in ascending order according to interest rates, i.e. the bank offering the interest rate the lowest (regardless of loan amount or term) on the used auto loan is placed at the top and the highest at the bottom. Chart for illustrative purposes only. The interest mentioned in the table is indicative and may vary according to the conditions of the bank.

(Disclaimer: The opinions expressed in this column are those of the author. The facts and opinions expressed here do not reflect the views of www.timesnownews.com.)

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