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Jubilee for Prince’s business vision
A business programme set up by Prince Charles in the 1980s, to provide loans and support for young entrepreneurs rejected by traditional funding sources, is celebrating its 25th anniversary.
The Prince’s Trust business programme was established against a backdrop of rising unemployment and is still helping those from disadvantaged backgrounds get a foothold in the business world.
The scheme is designed to help 18-to-30 year-olds who are suffering from long-term joblessness, ill-health or other social ills.
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Jubilee for Prince’s business vision
A business programme set up by Prince Charles in the 1980s, to provide loans and support for young entrepreneurs rejected by traditional funding sources, is celebrating its 25th anniversary.
The Prince’s Trust business programme was established against a backdrop of rising unemployment and is still helping those from disadvantaged backgrounds get a foothold in the business world.
The scheme is designed to help 18-to-30 year-olds who are suffering from long-term joblessness, ill-health or other social ills.
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How Business Loans Work
Loans are not just limited to that of personal loans and bad credit loans. There are financial companies that specialize in providing loans to large and small businesses. If you’re a business owner, here is information that you should know about the ins and outs of business loans. Let’s discuss the basic points about business loans.
Just like a personal loan, business loans need to be repaid within a specified period of time. The money that you get from your business loan can be used to finance new or additional equipment, buying inventory and raw materials, hiring and training new workers, etc.
As with any loan, you as a borrower must always remember that you will have the obligation to pay back the amount he loaned. It is easy for a business owner to make the mistake of applying for a very large amount without considering the consequences. Don’t forget that you can have a difficult time with your repayments especially if your loan comes with a high rate of interest. Therefore, it is wise for a business owner to write out a business plan that includes a detailed breakdown of the funds needed, and how they are to be used. This is to avoid unnecessary spending or borrowing an amount that is really beyond what you needed.
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Citi launches Shari’a-compliant working capital products
Offered by Citi Global Transaction Services, these solutions include Shari’a compliant Cash Management Products (Current Account/Savings Account/Term Investment), and Trade Products (Import Finance/Guarantees/Trade Services).
This family of products has been tailored to a growing client base of corporations opting for a competitive Shari’a-compliant alternative to conventional products, hence complementing Citi’s full spectrum of Islamic Investment and financing solutions.
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How Business Loans Work
Loans are not just limited to that of personal loans and bad credit loans. There are financial companies that specialize in providing loans to large and small businesses. If you’re a business owner, here is information that you should know about the ins and outs of business loans. Let’s discuss the basic points about business loans.
Just like a personal loan, business loans need to be repaid within a specified period of time. The money that you get from your business loan can be used to finance new or additional equipment, buying
inventory and raw materials, hiring and training new workers, etc.
As with any loan, you as a borrower must always remember that you will have the obligation to pay back the amount he loaned. It is easy for a business owner to make the mistake of applying for a very large amount without considering the consequences. Don’t forget that you can have a difficult time with your repayments especially if your loan comes with a high rate of interest. Therefore, it is wise for a business owner to write out a business plan that includes a detailed breakdown of the funds needed, and how they are to be used. This is to avoid unnecessary spending or borrowing an amount that is really beyond what you needed.
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Imation to leave North Dakota plant by year’s end
Imation to close Wahpeton, N.D. floppy disk plant by the end of the year
BISMARCK, N.D. (AP) — Imation Corp. plans to close its floppy diskette plant in Wahpeton by the end of the year, a few months sooner than expected, after a group of former employees have taken over some of its contracts.
Imation, based in Oakdale, Minn., announced one year ago that it would phase out the plant’s near 390 jobs by mid-2009, as part of a company-wide restructuring.
"We have accelerated our plans to exit our operation," said Brad Allen, an Imation spokesman in Minnesota. Fewer than 10 Imation employees will be at the plant by Jan. 1, he said Thursday.
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How To Win Small Business Grants
A government grant is an option to obtain start up financing for a business. However, not everyone is qualified to get a business grant. Usually, grants are given only for specific groups or specific industries of business. In addition, government grants make use of specific guidelines before providing business funds.
If you are in need of financial help for your business, then perhaps you can consider a government grant as one of your options. However, keep in mind that there are some conditions you have to meet in order to qualify for a grant. Also, applying for a government grant can be a lengthy process so if you need the money immediately, perhaps it would be better to try other business financing resources. Nevertheless, if you can afford to wait, you have to be willing to go through the whole process of applying for a grant..
Where can you find small business grants? One place to start your search is through the Catalog of Federal Domestic Assistance (CFDA). Here you can find a list of grants from different government agencies at no charge. Remember that grants may come in different packages such as for business development, for rural businesses, equipment lease financing and others. Find a business grant program that is best suited for your type of business.
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Small business help available in Alice, Kingsville
The U.S. Small Business Administration will be available for startup or existing small businesses in Alice today and in Kingsville on Thursday to explain SBA’s loan eligibility, popular business loans and free business counseling from SCORE & Del Mar College’s Small Business Development Center.
Individual appointments will be seen from 9 to 11:30 a.m. at the Alice Chamber of Commerce, 612 E. Main St.
Individual appointments will be seen from 9 to 11:30 a.m. Thursday at the Kingsville Chamber of Commerce, 635 E. King St.
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SBA Loans for Startup Business
The Small Business Administration (SBA) is an independent agency of the Federal Government, established by Congress to advise and help the Nation’s small businesses.
SBA Programs
Even if you have been turned down by your local bank, a SBA lender may be able to help you. Many SBA lenders will give special consideration to minority and/or women owned businesses. You will still need to meet the credit criteria. These are loans not grants.
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Fed: Banks raise standards for loans
By Martin Crutsinger, AP Economics Writer
WASHINGTON — The Federal Reserve reports that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis.
The Fed reported Monday that the percentage of banks reporting tighter lending standards was near historic highs for nearly all loan categories.
The April survey of senior loan officers at 56 domestic banks and 21 U.S. branches and agencies of foreign banks found that nearly two-thirds of banks surveyed had tightened lending standards on traditional home mortgages with 15% saying those standards had been tightened considerably.
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