How To Use Credit Card Financing And Business Cash Advances

How to Use Credit Card Financing and Business Cash Advances

by

Steve Bush

The use of credit card financing often refers to business cash advances in which working capital is obtained by business owners based upon future credit card processing activity. Alternatively the use of personal credit cards to obtain a cash advance is also referred to as a credit card loan. With business finance funding shortages, small business owners are increasingly using both approaches to obtain operating cash for their business. The two financing approaches are not equal in terms of how they are viewed by commercial financing experts although the strategies might be called by the same name occasionally.

Many commercial lenders have suddenly reduced or cancelled business lines of credit and other forms of working capital loans. In response, many business owners have been forced to rely on cash obtained via their personal credit cards to sustain their businesses. In order to prepare for several of the most undesirable actions being taken by many credit card loan lenders, we urge all commercial borrowers to review the predatory lending discussion in The Working Capital Journal.

[youtube]http://www.youtube.com/watch?v=sh5fgpyXbnM[/youtube]

For business owners using or about to use personal credit cards to secure operating capital, we want to make two important comments: (1) We consider this to be a last resort method of business financing and whenever possible it should be avoided. Before assuming that this is the only source of capital available, commercial borrowers should consult with a working capital finance expert. The possibility of business cash advances and working capital loans should be thoroughly explored. (2) This questionable method of obtaining commercial finance funding will prove to be increasingly more difficult because credit card issuers are already cutting back on their unsecured lending programs.

Most banks are doing with credit cards what they have already done with business line of credit programs. They are reducing or cancelling credit lines even when borrowers have a superb payment record. The current basis for bank reductions of both commercial lines of credit and credit card cash is based on similar rationale. With unsecured commercial loans or personal loans, banks fear that massive defaults are almost inevitable due to a very shaky economy and business lending climate. Unlike residential real estate financing in which real property is pledged as collateral, banks know that they have no collateral to fall back on with working capital loans and credit card loans because they are unsecured. Many small business owners use home equity lines of credit to obtain operating cash, and these funding sources are also diminishing in most areas of the United States. Although these lending programs are backed by collateral, the value of homes in many areas has decreased to the point that many outstanding loans exceed the current property value.

One of the most disturbing and frustrating occurrences in the current difficult commercial financing environment is the lack of clear information for many business owners about which funding options are realistic and possible. Thousands of borrowers might have obtained operating cash from personal credit cards when there were better options for this one factor alone (confusion and misinformation).

Due to the growing tendency of several major credit card issuers to exhibit predatory lending practices, the use of personal credit card loans should be avoided. At a minimum, each business owner should contact a business finance funding expert to determine if a business cash advance program or a working capital loan program can be used to obtain needed cash.

Steve Bush is a commercial finance funding expert – commercial financing programs at AEX Business Cash Advances and Commercial Loans – http://working-capital.squarespace.com

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ArticleRich.com

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Web startup Sqoot loses sponsorship after failed advert deemed sexist by social media

Sunday, March 25, 2012

Within 24-hours of posting a web advertisement for an upcoming hackathon in Boston, Massachusetts, web startup Sqoot has lost four sponsors for the event, in what has been described as the “worst startup PR crisis in recent history.” This caused them to postpone the event and apologize in response to thousands of tweets that opposed the advert and found its content sexist.

On March 20, Sqoot, an API provider that delivers daily deals like Groupon and Gilt City, posted an online advert for their upcoming Boston API Jam. The advert promoted various perks for the event, including an in-house DJ, cocktails, food trucks and access to women: women specifically there to serve beer to attendees. As soon as the ad was posted to Eventbrite, many on Twitter expressed concern. Over 3,000 tweets later, the advert was deemed sexist by many and Twitter users both condemned Sqoot and contacted the sponsors of the event. The ad, which Alex Williams of SiliconANGLE described as “bizarre” and “misogynist,” was quietly changed on Eventbrite by Sqoot, removing the mention of women as beer peddlers.

In a matter of hours, four sponsors had pulled out from the Boston event: CloudMine, Apigee, Heroku, and MongoHQ. Shortly thereafter, Sqoot offered two apologies: a brief apology which was then followed by a more detailed apology stating that they desired to have a “good party” that was not a standard hackathon experience of pizza and keynote speakers. Sqoot stated that they “aimed to call attention to the male-dominated tech world through humor and intended to be inclusive, the gravity of our wording was just the opposite. Our words completely undermined our intentions and went further to harm the world we’re trying to have a positive impact on.” Other sponsors such as Constant Contact and Simple Relevance remained as sponsors.

Shanley Kane, director of product management at Basho Technologies, supported the sponsor withdrawal and didn’t just consider the advertisement sexist, but also homophobic by ostracizing gay men by promoting a seemingly “straight” agenda for the event. Kane also believed that Sqoot had the “false assumption that women would not attend the event at all,” by promoting it with a male targeted spin. In an industry that is dominated by men, it can be assumed that more men would attend the hackathon than women, but, the advertisement ostracized women even more from attending. And this wasn’t Sqoot’s first foray into straight male targeted marketing. Blog posts like “Sqoot Makes You Yelp!” featuring the Yelp logo on a woman’s backside and “Sqoot Goes Topless” featuring an image of a topless woman, are meant to promote the opening of Yelp’s API and company transparency.

Alex Williams believes that the Sqoot situation shows that sexism within the tech industry is broad and growing. “Women are marginalized and treated more as objects than as colleagues. The trend is a disturbing one and poses a serious threat to the health and diversity of the tech sector.” Techli’s Kathryn Hough chocked it up to immaturity, “Someone needs to tell young founders that frat house behavior is not acceptable in the business world. If Sqoot’s business collapses for a few sentences of sexist copy, I hope that other young founders get to see the wreckage before following them off the plank.”

Lukas Blakk, a release engineer and advisory board member for The Ada Initiative, a non-profit that tries to increase female participation in technology and open source, believes that having a code of conduct in place is a necessity for businesses, and for those businesses who don’t “you’ve got a ticking time bomb in your organization’s future.” Social media is giving businesses a new challenge when it comes to marketing. When it comes to the criticism fielded by the public towards businesses regarding sexist content, fellow Ada Initiative board member and database analyst Selena Deckelmann agrees that businesses need to step up to the challenge and respond appropriately. “…companies need to develop the skills necessary to respond with grace and understanding, even when under intense, negative scrutiny. Silencing, gas-lighting and ignoring the messenger tactics no longer work when a social network quickly spreads information, and occasionally, outrage.”

Is there a future for Sqoot? Mike Maney believes Sqoot can recover. Maney, head of influencer management for Alcatel-Lucent, acknowledges that Sqoot will have a long way to go to regain their credibility amongst the tech industry and the clientele they serve, “But, the work they’ll have to do to undo the self-inflicted damage […] is going to require a massive effort.”

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Russian territory expands by 4.5 square kilometres after seismic activity

Saturday, November 14, 2009

According to scientists, the land territory of Russia has expanded by about 4.5 square kilometres within the last few years in the Far East due to seismic and volcanic activity.

The gained land was recorded in the Sakhalin Peninsula. Boris Levin, head of the Institute for Sea Geology and Geophysics of the Russian Academy of Sciences, said that the increase happened primarily due to two seismic events.

The first, in August of 2007, was when a heavy 6.8 earthquake near the city of Nevelsk in the Far East raised about three square kilometres of seabed above the level of the water. The second was in June of this year, when the Sarychev Peak volcano on the Matua Island erupted. GPS trackers on the Matua island were used to monitor the eruption, and the volcano changed its shape, adding 1.5 square kilometres of land, scientists said.

Geologists also reported that the Kuril Islands nearby were slowly moving towards mainland Russia at an estimated rate of eighteen milimetres per year.

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Plan Great Family Ski Vacations

Plan Great Family Ski Vacations

by

Simon Barnett

Going on a skiing holiday can be a magical experience, giving you the chance to see spectacular snow-covered scenery and stay active. However, if you re planning to hit the slopes on a family vacation, it s worth planning your trip thoroughly to make sure you make the most of it.

Choose the right transport method

If you re travelling with children, long journeys can be uncomfortable, tiring experiences. Thankfully, however, you can get to many European ski resorts quickly and easily from the UK, so you can arrive at your destination relaxed and ready to head out onto the slopes.

[youtube]http://www.youtube.com/watch?v=jb6NsalrRUA[/youtube]

You can drive from the UK to Europe, or get cheap flights to ski resorts in France, Germany, Switzerland, Austria and Italy from many UK airports. Taking the train is also a great option if you have young children – you can get to Paris or Brussels from London on the comfortable Eurostar service in about two hours, and then get a connecting service to your chosen ski resort.

Find a family-friendly ski resort

Not all ski resorts have family-friendly facilities and it’s often better to avoid the famous destinations and choose smaller, quieter resorts.

Look for resorts with gentle slopes for little ones, family-focused entertainment, a choice of restaurants and good child care facilities, so that you can go out and let your hair down for an evening without having to worry about the kids. Teenagers may like resorts with snowboarding facilities, whilst young children can get bored easily, so choose somewhere close to plenty of family attractions, so you ll have a choice of things to do. Choose your accommodation carefully too – a self-catering chalet is a great option, as you ll have more space.

Good examples of family-friendly ski resorts include Morillon in France s Grand Massif ski area, Galt r in Austria and Engelberg in Switzerland.

Keep your luggage to a minimum

If you re a keen skier, you probably have your own ski equipment. However, when you re on a family skiing holiday, you won t want to be loaded down with everyone s skis and ski clothes. Make sure that the ski resort you choose has well-equipped ski hire stores and budget for the cost of hiring equipment, so you can enjoy travelling without being overloaded with luggage.

Wherever you decide to go on your family skiing holiday, you re sure to have a fantastic time in the snow and your children will be talking about the experience for years to come.

Visit

verbier.co online

to learn more, as discussed by Simon Barnett. This article may be used by any website publisher, though this resource box must always be included in full.

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Category:Tattoos

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Al Sharpton speaks out on race, rights and what bothers him about his critics

Monday, December 3, 2007

At Thanksgiving dinner David Shankbone told his white middle class family that he was to interview Reverend Al Sharpton that Saturday. The announcement caused an impassioned discussion about the civil rights leader’s work, the problems facing the black community and whether Sharpton helps or hurts his cause. Opinion was divided. “He’s an opportunist.” “He only stirs things up.” “Why do I always see his face when there’s a problem?”

Shankbone went to the National Action Network’s headquarters in Harlem with this Thanksgiving discussion to inform the conversation. Below is his interview with Al Sharpton on everything from Tawana Brawley, his purported feud with Barack Obama, criticism by influential African Americans such as Clarence Page, his experience running for President, to how he never expected he would see fifty (he is now 53). “People would say to me, ‘Now that I hear you, even if I disagree with you I don’t think you’re as bad as I thought,'” said Sharpton. “I would say, ‘Let me ask you a question: what was “bad as you thought”?’ And they couldn’t say. They don’t know why they think you’re bad, they just know you’re supposed to be bad because the right wing tells them you’re bad.”

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Improve The Value Of Your Home By Replacing The Garage Door

byadmin

If your current garage door has seen better days; perhaps the kids have thrown one too many baseballs at it or you have bumped it with the car one too many times, garage door replacement in Evanston is a relatively inexpensive and painless way to improve the value of your home.

Replacing your garage door for a reasonable price is an excellent way to boost the curb appeal for your home. Add this to the fact that the door on your garage takes up as much as 20 percent of the visible façade of your home and you can quickly see why a worn-out, beat up and damaged garage door is a serious liability.

Choosing the right door:

There are four basic types of garage doors; they swing up, swing out, roll up or slide to one side or the other. Although a swing out door is ideal if your garage has limited headroom, the most popular garage door replacement in Evanston is a roll-up sectional unit.

Choosing the right style:

With the wide variety of garage doors that are available it should not be a problem finding one which suits the style of your home to a “T.” If you live in an older home, a Craftsman bungalow for example you may like swing out doors that were popular at the time. Garage door manufacturers today have roll-up doors available that absolutely mimic the originals; they even have faux strap iron hinges and handles.

Most replacement garage doors, regardless of whether they are contemporary or traditional feature detailing such as panels and trim. Many have glass panels across the top; this provides natural light into the garage and adds considerably to the looks.

Choosing the right material:

Wood has charm and authenticity that is hard to beat. Wood doors can be made to suit any size opening, bear in mind that many years ago garage doors were not as standardized as they are today. The only downside to wood is maintenance; they have to be panted or finished frequently.

If you do not want to deal with maintenance, then steel is the better choice. Steel doors are reasonably priced and tough.

If you are looking for a company that focuses on garage door replacement in Evanston then you are welcome to contact the garage door pros at Roberts Garage Door Professionals of Chicago.

US Senator Rand Paul blocks synthetic marijuana legislation

Friday, March 30, 2012

Senator Rand Paul of Kentucky is the lone holdout preventing a vote on synthetic marijuana legislation in the US Senate through a procedural block that is allowed under the rules. Until Paul lifts his block, the Senate will not be able to act on legislation that has already passed the US House of Representatives last December. Wikinews has investigated the block on the legislation.

Synthetic marijuana can be sold over the counter in some places and it is commonly known by brand names, such as “K2” or “Spice”. Other types of synthetic “designer” drugs, like “bath salts”, belong to a class of substances that are in some cases legal, though they create a health hazard, because they are declared not meant for human consumption.

At issue in the legislation is the amount of chemical substances banned, the criminalization of substances, the authority of the federal versus the state government to makes those decisions, the extent to which the product is a threat or hazard to public health and safety, and the effect such a law would have on the research of these substances. All of these issues were debated in the House. Paul has made an issue of the long prison sentences for marijuana. His critics claim he is going too far by blocking legislation. Paul, a Republican who has libertarian leanings, has argued that the states should have the authority to ban drugs.

According to the National Conference of State Legislatures, 31 states have a ban on both synthetic cannabinoids and substituted cathinones while 39 states have a ban on synthetic cannabinoids. Rand’s home state of Kentucky bans both. But legislation is not a perfect solution; in Cass County, Michigan, four teenagers between the ages of 13 and 14 had an emergency after using synthetic marijuana, but even though Michigan bans both, police are not sure that the substances are illegal. Chemists have to conduct tests on the products.

Although Paul is framing the issue as a legal one, the medical community has turned its attention to this new phenomenon’s impact on public health and safety. In an article that appeared in the March 2012 issue of Pediatriacs, medical researchers led by Dr. Joanna Cohen analyzed the cases of three teens who were hospitalized and treated as emergencies after an incident of synthetic marijuana use. One 16-year-old girl lost her motor skills and was unresponsive yet she had an exceptionally high heart rate and abnormal blood pressure. An 18-year-old boy was extremely sweaty, had a high heart rate and was agitated. And a 16-year-old boy had a speech dysfunction, as well as symptoms of agitation and confusion. The doctors who wrote the study say people are using this product because they believe it can give them a high similar to marijuana, however, the new drug can bring on both psychological symptoms, like psychosis and paranoia, and physical ones, such as convulsions.

One out of every nine high school students has reported use of synthetic marijuana, according to Monitoring the Future released in December 2011. The annual survey can be used to spot new trends in substance use among youth and the report included synthetic marijuana for the first time in 2011.

Poison centers noticed a sharp increase in calls reporting incidents due to synthetic marijuana. According to the American Association of Poison Control Centers, in 2010 centers nationwide took 2,906 calls for synthetic marijuana cases, but by 2011, they took 6,959 calls. The problem is noticeable to local health officials, like in Syracuse, New York, which is Senator Chuck Schumer’s state, where 120 cases were reported and one health professional called it “a significant public health concern.” New York has a ban on substituted cathinones but not synthetic canabanoids, according to the National Conference of State Legislatures.

Although the US Drug Enforcement Agency placed five substances that fall under synthetic marijuana into Schedule I on March 1, 2011, its emergency powers only last one and a half years and its ban has not stopped other substances from being used instead. Schedule I is a running list of banned chemicals.

… let us move forward with a vote

Three of Paul’s Senate senior colleagues say Paul should drop his block. Senators Chuck Grassley, Chuck Schumer, and Amy Klobuchar are sponsoring bipartisan legislation that aims to ban synthetic marijuana as a serious health threat. The legislation is bipartisan as Grassley is a Republican , while both Schumer and Klobuchar are Democrats. Senator Schumer, in an editorial for the New York Daily News, advocated tackling synthetic marijuana at the national level rather than at the state. Schumer’s argument is that states have tried to ban the ingredients commonly found these products but the manufacturers have the flexibility to alter the ingredients to bypass the law. Schumer said the federal government needs a proactive rather than a reactive stance against drugs. “All we need is one senator, Rand Paul of Kentucky, to release his block on this legislation,” wrote Schumer. “We’re urging him to do the right thing, and let us move forward with a vote.”

Before the Senate took up the issue, similar legislation had already passed in the House. The House voted 317–98 in favor of the Synthetic Drug Control Act of 2011 on December 8, 2011. Pennsylvania Congressperson Charles Dent sponsored the legislation that would add ingredients found in synthetic marijuana to Schedule I. Dent’s legislation included chemicals that are not even found in the United States at this time, but he argues that synthetic marijuana is too great of a public health threat to dismiss.

Standing in opposition to the legislation, Virginia Congressperson Bobby Scott and several fellow Democrats argued Dent’s legislation was bypassing a process for the banning of drugs that was already in place and established. Scott also argued some of the substances banned by the legislation were not even present in the United States but so far only in Europe. His colleagues argued researchers would lose the ability to conduct research freely on these substances and, as Scott noted, the legislation was seeking to ban substances but without any research to back it up.

Grassley’s legislation is named for David Rozga, an Iowan who committed suicide after using synthetic marijuana. In his speech, before the Senate, Grassley said Rozga’s situation inspired him to put forward the legislation.

For some families, the issue has also become an emotional one, as they have lost a loved one. Karen Dobner, a mother from Aurora, Illinois, is blaming Senator Paul for any deaths that may still occur because he is holding up a legislative solution to a problem that she says killed her own son. When her son Max was in college, he tried a synthetic marijuana product and had a panic attack. Dobner believes the car crash that killed her son would not have happened had he not been experiencing the symptoms of the designer drug. Now Dobner keeps calling Paul’s office begging him to stop his hold.

Senator Paul’s office was contacted by both phone and email about this report but it did not respond.

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Out of space in outer space: Special report on NASA’s ‘space junk’ plans

Saturday, September 10, 2011

A 182-page report issued September 1 by the United States National Research Council warns that the amount of debris in space is reaching “a tipping point”, and could cause damage to satellites or spacecraft. The report calls for regulations to reduce the amount of debris, and suggests that scientists increase research into methods to remove some of the debris from orbit, though it makes no recommendations about how to do so.

NASA sponsored the study.

A statement released along with the report warns that, according to some computer models, the debris “has reached a tipping point, with enough currently in orbit to continually collide and create even more debris, raising the risk of spacecraft failures”. According to the Satellite Industry Association, there are now about 1,000 working satellites in Earth orbit, and industry revenues last year were US$168 billion (£104.33 billion,€119.01 billion).

The debris consists of various objects, such as decommissioned satellites and exhausted boosters, but the vast majority of the particles are less than one centimetre across. 16,094 pieces of debris were being tracked as of July, although estimates put the current number at over 22,000. The total number of fragments is thought to be as high as tens of millions. While most of the debris is very small, some of it is travelling at speeds as high as 17,500 mi h-1 (28,164 km h-1; 7,823.3 m s-1).

The International Space Station sometimes has to dodge larger fragments, and in June its crew was forced to prepare to evacuate due to a close encounter with debris.

The UK Space Agency told Wikinews that space flight “is likely to be made more difficult” by the debris. However, communications will “[n]ot directly” be affected, “but if the GEO ring became unusable, there is no other altitude at which objects appear [‘]geo-stationary[‘] and so all antennas on the ground would then have to move in order to track the motion of the satellites”.

Donald J. Kessler, the lead researcher and former head of NASA’s Orbital Debris Program Office, said that “[t]he current space environment is growing increasingly hazardous to spacecraft and astronauts,” and suggested that “NASA needs to determine the best path forward for tackling the multifaceted problems caused by meteoroids and orbital debris that put human and robotic space operations at risk.”

The current space environment is growing increasingly hazardous to spacecraft and astronauts

Two events are thought to be the largest individual sources of space debris. Kessler said that “[t]hose two single events doubled the amount of fragments in Earth orbit and completely wiped out what we had done in the last 25 years”.

The first of these was a controversial 2007 Chinese anti-satellite weapon test, which smashed the decommissioned weather satellite Fengyun-1C into approximately 150,000 fragments over a centimetre in size—making up roughly twenty percent of all tracked objects—537 miles above the Earth’s surface.

The Chinese government has so far failed to respond to Wikinews’s queries regarding the incident.

The other is a 2009 collision between twelve-year-old active satellite Iridium 33 and the defunct Russian Strela-2M satellite Kosmos-2251—both weighing in excess of 1,000 lbs (454 kg)—that occurred 490 miles over Siberia, the first such collision. The Iridium satellite was replaced within 22 days, according to Iridium Communications, who operated it.

We believe this is a substantial first step in better information sharing between the government and industry and support even more robust interaction which can provide better and more efficient constellation operation.

In a statement released to Wikinews, Iridium Communications said that they “received no warning of the impending collision. Although commercial projections of close encounters (commonly called conjunctions) were available, the accuracy of those projections was not sufficient to allow collision avoidance action to be taken.” They also made the assurance that the Air Force Space Command and United States Strategic Command now provide them with information through the Joint Space Operations Center, and that “when necessary, [they] maneuver [their] satellites based on this information to avoid potential collisions. [They] believe this is a substantial first step in better information sharing between the government and industry and support even more robust interaction which can provide better and more efficient constellation operation.”

Iridium expressed their support for “[l]ong-term investment to improve Space Situational Awareness” and “[i]mproved information sharing between industry and the U.S. government”, as well as more “[g]overnment support for policy and processes which would permit sharing of high-accuracy data as required to allow reliable assessment and warning” and “[i]ncreased cooperation between the government and U.S. and foreign commercial operators.”

They maintained that “the Iridium constellation is uniquely designed to withstand such an event. Because of the resilient and distributed nature of the Iridium constellation, the effects of the loss of a single satellite were relatively minor”, and that “any other system, commercial or military, which experienced the loss of a satellite, would have suffered significant operational degradation for a period of months if not years.” Nonetheless, the company is “concerned over the increasing level of risk to operations resulting from the debris in space.”

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The report makes more than thirty findings, and more than twenty recommendations to NASA. None of the recommendations regard how to clean up the debris. However, it does cite a report by the Defense Advanced Research Projects Agency (DARPA), which suggested various possible techniques for catching and removing space debris, such as magnetic nets.

The Cold War is over, but the acute sensitivity regarding satellite technology remains

However, international law does not allow one country to collect another’s debris. George J. Gleghorn, vice chair of the committee, observed that “[t]he Cold War is over, but the acute sensitivity regarding satellite technology remains”.

The debris will, in time, be pulled into the earth’s atmosphere—where it will burn up—by gravity, but more debris is being created faster than this can happen.

The problem of space debris is similar to a host of other environmental problems and public concerns

The report recommends collaborating with the United States Department of State on “economic, technological, political, and legal considerations.” As already mentioned, international law does not allow one country to collect another’s debris.

It is best to treat the root cause, the presence of debris in orbit, and remove the large objects before they can break up into many thousands of uncontrolled fragments capable of destroying a satellite on impact.

According to the report, “[t]he problem of space debris is similar to a host of other environmental problems and public concerns characterized by possibly significant differences between the short- and long-run damage accruing to society … Each has small short-run effects but, if left unaddressed, will have much larger impacts on society in the future.”

A spokesperson for the UK Space Agency told Wikinews that the organisation “does not have any plans to get directly involved with [the clean-up] initiative but through its involvement with NASA in the Inter-Agency Space Debris Coordination Committee, it is conducting studies to identify which objects present the biggest hazard and how many objects may need to be removed and from where.” It says that the viability of such an operation is “a question of treating the symptom or the cause of the problem. Building more physical protection is costly and if the environment deteriorates too far, becomes unviable. It is best to treat the root cause, the presence of debris in orbit, and remove the large objects before they can break up into many thousands of uncontrolled fragments capable of destroying a satellite on impact.”

The spokesperson also pointed out that “[u]nder current licensing regimes (such as in the UK), countries are now obliging operators to remove satellites from crowded regions of space at the end of operational life”.

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