SME Working Capital Loans Could Be The Answer To Your Prayers If You Are A Small Enterprise

In the last six months, our lives have gone from being smooth and largely uneventful to tumultuous and completely unsure. It is an exceedingly difficult time for both individuals as well as companies – since finances are low in homes as well as organizations. For an SME, this is the worst time possible as income generation is at an all-time low.  Banks and financing companies are stepping in to support all sizes of organizations cope with this terrible situation, hoping that things will improve in the next six to nine months. If you are an SME in a country like Singapore or Korea, you could approach these institutions for any one of the SME Working Capital Loans that they are offering.

Working Capital Simplified

As a person who is trying to understand the meaning and implications of funding should first understand the meaning of the term, working capital. To put it across in a simplified way, you can calculate working capital of a firm by subtracting the value of the total current liabilities of a firm from the value of its total current assets. Now, if you are not a person who is used to finance jargon, you might find this difficult too. Current assets include any or all of the following: stock available, cash in hand, any advance payments that you may have received etc. Current liabilities could include short-term debts, outstanding payments to people who have supplied goods or services, some unpaid expenditures etc.

Usual Rates Of Interest

It is difficult to find a standardized rate of interest that is applicable to working capital loans – this could vary from state to state and country to country. In some countries, there are nationalized banks that are able to give such loans at interest as low as 9% per annum. There are also some private lending institutions that offer these loans at extremely high interest, maybe even 20%. The marked difference in these lending rates is because of the kind of risk that these institutions take to get this funding done. The higher the risk taken by the lender; the higher will be the interest that he charges. In any case, no loan will be disbursed until a thorough background check is done on you or your business.

Working capital loans are certainly not a problem to get – you could avail of one if your records and documents are all updated and genuine.

Electricity Generation And Consumption: How Exactly Does It Work?

Primary sources are the main areas from which generation of electrical energy takes place. In the electrical power industry, this is the preliminary stage of production of electricity, prior to the final delivery being made to the final or end users who belong to either the industrial or residential sectors. Electricity as a commodity has been widely promoted in the recent times and there is rarely any sector which can operate independently that is, without availing any assistance or service from the electrical sector. Electricity is quite different from a natural resource that is readily available in the market and can be obtained easily after excavation or any other process. Neither is electricity available in free amounts, which is another reason why we cannot get as much amount of electricity that we desire. For the above mentioned reasons, electricity has to be produced by human beings using various mechanisms, and thus transforming other forms of energy to electrical energy. This process of energy conversion and the consequent production of electricity usually takes place in power plants or power stations. Coal and petroleum energy are common sources from which electrical energy gets generated, but there are also other sources of energy including flowing water and wind, which provides kinetic energy, solar energy in the form of solar panels which are usually installed on the roofs of households etc.

The processes of combustion or nuclear fission play a key or integral aspect when it comes to the process of electricity generation. The heat engines derive their energy from these processes and are used to provide energy to the electromechanical generators for them to work in a proper manner. Solar photovoltaic, as well as geothermal power are emerging as central energy sources when it comes to driving the heat engines, in order to enable production of electricity. An electrician is generally a ground-level employee

The fundamental procedures involved in generation of electricity were discovered in the early 19^th century in Britain. Much more sophisticated methods are used in the present times; however, the basic idea remains the same. Between the two ends or poles of a magnet, the movement of  a wire or the immensely popularized Faraday disc results in electricity generation, a process which when incorporated in a more sophisticated way, resulted in economic independence for the central power stations. Practicality in approach was followed when Alternating Current was developed for the purpose of power transmission.

What Does It Take To Make Friends In College?

If you ask people what they miss the most about being college, the answer that many of them will give is their friends. And there is a good reason why you find this to be arguably the most common answer out there. The friends you make in college are a little different than the ones you make in school, but they are just as important. It is the time where you will be coming into your self. For many, the thought of making new friends in a new place can feel a little daunting but we are here to help you. By making use of a few simple tips, you will be in a much better position to make all the friends that you want. This is a good time for you to develop your personality as you can become a more confident person that people want to hang out with. But remember, you need to put in some effort at least otherwise, we are not going to see any results. Even if you try to talk to someone and they don’t reciprocate friendship, do not be disheartened. There are plenty of other people that you can become friends with. Here is what you should do.

First Move

In situations like this, it really helps to be straight forward and confident. Not every person you talk to will become a friend, but you need to try. Go up to someone and strike up a conversation. It is very unlikely that they are going to be rude to you, so you have nothing to lose. If you feel that they are not interested in you at all, it is time to move on to another person. And when you find that you have a nice back and forth with this person, there are more chances of you becoming friends.

Extra-Curriculars

This is one of the easiest ways to make friends when you are new in college – also check out how you can buy degrees online. Join the clubs or any group in college that appeals to your liking. There you are going to meet a lot of people. This is a chance for you to meet and become friends with a diverse group of people. Do not be afraid to talk to someone here. Just be open and friendly with whoever you see. Soon enough you will find that you have ended up making more friends than you thought possible.

How Are Mortgage Interest Rates Determined?

Several factors are taken into consideration while calculating the mortgage interest rates – more details at mortgage payment calculator Florida. Understanding how each factor impacts the interest rates can put you in a better position to negotiate with the mortgage lender for determining the interest rates. The money lenders are aware of the factors that drive the interest. Hence, it is imperative for you to be armed with sufficient information before applying for the loan.

Credit Score

Your credit score is the primary factor that is considered in the calculation of mortgage interest rates. The calculation of credit score is in itself a complex process. A credit score consists of several components such as repayment history, credit utilization, and credit age. Improving your credit score takes a lot of years and you need to make your payments before the due date consistently to maintain the credit score. A credit score of over 800 is considered to be excellent and results in lower mortgage interest rates.

Loan Amount

The loan amount that you are applying is one of the most obvious factors that affect mortgage interest rates. The interest rates will be higher if you are opting for a lesser loan amount. The interest rates are lower for higher loan amounts. Paying a higher down payment will reduce the loan amount that you would be needing. Hence, you need to find a balance between down payment, loan amount, and mortgage interest rates.

Down Payment

Making a larger down payment will result in lower mortgage rates. The large down payment reduces the level of risk for the lender. Hence, the lender will help you with lower mortgage rates. In general, making a down payment of 20% or more of the overall home value will reduce your mortgage rates.

Locality

The mortgage interest rates vary based on the locality that you are planning to buy the house. The calculation of mortgage rates varies from state to state. Even within the same state, the mortgage rates differ between metropolitan cities and urban areas. In general, the mortgage rates are lower in rural areas compared to metropolitan cities.

Loan Tenure

Loan tenure is the number of months that you will be paying the loan amount along with the interest. If you opt for a short tenure, you will have to pay higher mortgage rates. Moreover, the monthly payment will also be higher. On the other hand, choosing a long tenure will help you reduce your mortgage rates.

Tips To Help You Edit Your Corporate Videos Better

Marketers and companies these days, are venturing more into advertising through corporate videos than other mediums of advertising. Although it’s not an easy task to amalgamate information and entertainment in a small amount of time, it is an efficient and appealing way to reach the target audience.

Corporate videos play a huge role in a product or service’s communication with the company’s target audience. If they are made well they can be very helpful and can be misleading if not. There are a few dos and don’ts while editing corporate videos as they are viewer and information driven.

In order to help you refine your editing skills, Here are a few tips to help you edit your corporate video

1- Short and Crisp

You should keep your video most informative, enough entertaining and engaging and short. Nothing more than a minute or two as its mostly informative content and can get dull for the viewer.

2- Keep Target Audience in Mind

You have to keep in mind the audience of the product, Just like different people like different movies.

For example, a company that sells home furnishings would have a different approach to marketing than the one that sells musical instruments.

3- Best for first

The best footage goes first because it’s about the first few seconds that appeal to the audience. The first few seconds of the video should convey most and be appealing as well. If it’s not that great then the viewer will quickly shift their attention to something better to watch as youtube doesn’t run out of interesting content these days.

4- Subtle with Transitions and Effects

Don’t overdo the transitions or effects, because it will only make the video cheap and amateurish. As it is a video, the cleaner the transitions the more it appeals to the viewer. Let the content of your video speak volumes, not your software.

5- Music in Line with the Emotion

This is the last but not the least, in fact, it is a major factor in delivering the emotion of the video. The viewer must not feel disconnected to the video as that’s what will keep them from watching further. Also, using copyrighted music is infringement so you should keep this in mind even if you want to use it for a few seconds. You can use copyright free music if your video needs background score