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Axis Capital Business Funding Review, How to Avoid Debts

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Axis Capital Business Funding Review, How to Avoid Debts

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Axis Capital Business Funding Review: How to Avoid Debts
Jakarta, Indonesia - Being a small business owner is hard. The responsibility of keeping your company stable, managing your employees, and keeping up with your competitors are hard enough to tackle. Dealing with your customers is another thing and perhaps the most challenging. Since you are just a start up, clients are important since they can give either good or bad review about your company that can greatly impact your business. If you are still not experiencing some kind of issue with your customers, it is better for you be prepared than be sorry later on. To prevent being drowned in debts, you can review the following steps:
1. Verify Customer’s Information
It is always better to verify anything first before plunging into a business deal. Just because you are in need of customer, it does not mean that you are to grab every possible sale. You also have to see their capability to pay especially if your services and/or products are on installment basis. It is also best to keep tabs with businesses of the same field. This way, you are able to know if a certain customer is in a habit of making non- or late payments.
2. Put Everything in Black and White
Documenting everything is vital in every transaction in case worse comes to worst. With the verified information including your client’s identity and their compliance and agreement, you can be rest assured that you are covered by that single piece of paper in case complaints would pour in or if needed for proof of fraud.
3. Draw up terms and conditions
Aside from the agreement in a written paper, you also have to have a foundation of your business regulations through a policy. These terms and conditions should be transparent to both parties. Any alterations, adjustments or changes can be done after the client have known and have been educated of the rule of the trade.
4. Keep open any communication
Any changes and alterations after the agreement and terms and conditions have been signed should be known by both parties. Or in case of unpaid charges, it may be that the customer had just forgotten. It is your right to follow up on them and their responsibility to give you active contact information.
5. Have a Plan B

Many businesses experience customers who – for one reason or another – may have delayed payments. You could consider putting the customer’s credit facility on hold preventing any further credit sales until the account is cleared or find any other alternative to resolve the issue.

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We are often confused between loan and debts. For common people, it may be the same. However, for businesses, it is completely different. See, when an individual want to set up a business and does not have enough money to finance it, he would ask for a loan. On the other hand, a debt is described as borrowing money for any other purposes. Besides, it makes it less embarrassing when you are tagged as someone having ample amounts of loan other than someone who has a lot of debts.

Axis Capital Business Funding, credit source for small business owners in the United States, had summarized solutions to assist entrepreneurs in acquiring financial assistance to start and maintain a business. This article is centered on loan options and what you need to qualify.

Before getting into the business proper, you should have already considered the following factors:

Time In Business

Personal Credit Scores

Business Revenues/profits

Collateral, if you have any to back up the loan

Generally, basic rule in business indicates that the longer you are in the business industry, the more you have collateral in possession and the lower your interest will be. However, this rule does not apply to all especially to start ups.

The financing option that can be open to you also depends on the urgency of need, the nature of the business, the location and on how you are going to be paid whether through invoices, credit cards, cash or any other means.

Loans are mostly backed up by banks and can allow you to loan between $5 thousand to $5 million. Certain qualifications, however, are required. Minimum business experience should be 2 years in the United States. This rule is stricter to that of developing cities Singapore, Hong Kong, Jakarta, Indonesia and Kuala Lumpur, Malaysia since bank rules follow stricter and detailed protocols. You may also need to create a detailed proposal and feasible report. The process may even last for weeks to month before approval since most bank conduct strenuous reviews, charges or complaints against you or any other loan records.

Credit score is also a vital factor in bank loans. Your digits should not be less than 600. For independent loan companies, however, credit scores is a requirement but no exact cap is being implemented. You can also loan short-term assistance which can be paid back within 2-3 months and borrow up to $250,000. This is most suitable for owners with lower credit scores.

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Startup investing can be challenging in a way if you do not know which business to venture into. A lot of individuals have been carelessly getting into businesses when any opportunity shows only to realize in the end that they have been scammed.
We all have that same fear within us. Getting into a business and risking ample amount of money, time and effort is not something one can easily get into and get out of once it fails. There are millions of businesses worldwide and with each- not counting the fraudulent ones- we do not know which would succeed. Yet, as many experts and professionals say, risks are and will always be a part of entrepreneurial life. Any investment, if pursued diligently, doubles a capital. Although challenging, many investors have been able to surpass.
Axis Capital Business Funding, one of the leading sources of credit loan for small business owners across the United States has the privilege to interview some of the most successful business owners and investors for some tips on how to find the most suitable business to invest into:
Explore in a Familiar Ground
If you are just starting to invest, it is best to put your bet into something which is already comfortable to you. This way, you can reduce the risk since you are already wading into a familiar wave. The ins and outs that you know of the business can provide you with a good projection on what to expect and assuring your venture.
Research and Review the Legitimacy of the Company
Before showing up at the door and offering them your ideas and willingness to invest, make sure you know the real nature of the business, the number of years of operation and the people behind it. As quoted from a finance investor in Jakarta, Indonesia, “investing is like going into a boxing match. You have to know things about your opponent: learn their moves and know how to knock them down”. Although investment is not a bloody fight just like boxing is and the company is not an opponent but more of an opportunity, being informed and educated about them can be very beneficial.
Examine the way of the market

It is absolutely critical to see what competition the startup has and what kind of competitive advantage they have been able to put in place in order to beat everyone else in the race. The competition could acquire the startup instead of cloning their work, so investigating the appetite in the market could be beneficial.

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Axis Capital Business Finding
Review: Realities of Business and Economics for Startups

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Axis Capital Business Finding
Review: Realities of Business and Economics for Startups

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Axis Capital Group Business Funding - When we are thinking of successful enterprises, the first thing that comes to mind is the big companies like Google, Nestle, Goodyear, Apple etcetera. We instantly inspire ourselves to follow their lead. What new entrepreneurs do not actually understand is that these companies have been in the industry for a long time, sometimes, experiencing more downfall than we could imagine.

We recognize the penetration of small businesses in today’s market but we are often unaware of the struggles they go through to integrate their service and products to follow the demands of the complicated customers. What these entrepreneurs often thought of as a smooth flow after surpassing pre-business stage to the first two years is a reality of continuous challenges and hindrances that should be defeated even in the long run.

Analysts estimate the time needed to create visible revenue would only be after five years. Some small business startups do not have the perseverance and resources to withstand for that long time. Those who manage can even barely get through and maintain.

It gets more challenging in developing countries where competition is fierce and the market is elusive. Most of the time, external forces affect economic sustainability of a business. The changes of government regulations, complaints and lawsuits, constant evolution of new technology and global recession can hit any startup companies. Jake had just started his business of clothing retail in northern Jakarta in Indonesia when the recession hit the world in 2008. Moreover, clothing line and related business also started to boom, adding to the competition. With the expensive cost of branded clothing and the economic status affecting almost every household, customers tend to buy fraudulent designs from fly-by-night markets which also began increasing in Jakarta during that time. With a huge amount of debt and a family to feed, Jake had almost lost his mind. The imagination which he pictured would be perfect business stability with little challenges he could handle was like a bubble burst by the realities for startup companies.

Jake’s was only a small business using small capital. Imagine how it is for startups who invested big amount of money, loaned and in the expense of a house or a car. Since these challenges may seem severe, it is high time for new entrepreneurs to steel themselves for the inevitable potholes. Managing startup companies means not only managing expansion but also understanding how to manage downturns so as to increase the likelihood that the company will return to the growth path.

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Ways to Avoid Over Budgeting In
Your Business

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Ways to Avoid Over Budgeting In
Your Business

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Axis Capital Business Funding Group in Jakarta Review - Jakarta, Indonesia - You have finally been granted a loan for your dream business. Having that ample amount of money gives you a lot of ideas and makes you plan exciting concepts. The opportunities are limitless.  The only problem is you don’t know where to start. You may deem yourself capable and expert when it comes to the nature of your business, the ins and outs in the market and what niche and audience to target but bookkeeping is something you are not trained for. The good thing is, you have already been able to estimate the cost and inclusions, the liabilities and possible profits. The only issue is to maintain the cash flow regulate it, be able to pay off loans and still get a good ROI.
According to Axis Capital Business Funding, a credit loan source for small business owners in America, most businesses suffer bankruptcy because of improper handling of budget. As there are more pressure for start-ups and small companies, management administration is a big factor in determining the success of the business. Monthly statements come afterwards that is why some business owners have no idea that they have already spent more than what the budget provided for.

With the business up and running, you may already have the idea on the trend in your profit by reviewing the consistent operational system. For start-ups, the assumptions can be based on the trends through geographical location, average competition costs and revenues and ratio of the market to the local businesses.

Planning the budget ahead of its execution is to prevent over spending. Here are some of things you can do:

1. Learn about the Industry standards  Although businesses are different in nature, they are still bound by some similarities. Do some research on local industries on similar fields. Ask around for the average revenue expected and their allocations on cost groupings. The information may give you a general idea and will be able to keep you up with expenses.
2. Create a spreadsheet  Spreadsheets are oftentimes considered tedious. With the operation continuously running everyday, updating it can also be tiresome. Yet, having a spreadsheet for the expenditures and revenues can help you monitor the finances.
3. Consider Cost Cutting
Some factors which contribute to over budgeting is allocating on projects when you shouldn’t be. Know what is not needed and cut it out. While doing this, expect to hear complaints and experience frustrations and prepare yourself for it.

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Axis Capital Business Funding Group in Jakarta Review, Plan a Business Event for Small Business Owners

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Axis Capital Business Funding Group in Jakarta Review, Plan a Business Event for Small Business Owners

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54 small business owners attended the 3rd BtoB Convention held by Axis Capital Business Funding last September 15, 2015 at the Grand Indonesia Hotel, Jakarta.

At the end of the seminar, Kara Parker, event specialist, shared how she was approached by a young man in his early 20s who introduced himself as Kajar Serman, a small upcylcing business owner in North Jakarta. Kajar, as Kara later learned had been pursuing his unique passion for recycling unused stuff and making them into a whole new usable material since his college days. Now that he has already graduated, he is already able to loan small amount of capital from Axis and have rented a small shop in Kota. Later on, he was also able to get a small stand in Plaza Indonesia mall, a few blocks away from their house. He says that the business had been growing and managing it is a great challenge but like many small business owners, he is already happy with what he has achieved. He later confessed that he thought of holding a small event for small business owners like himself and is attending the convention to learn how to do it.

Just like Kajar, small business owners also dream of holding their own seminars and conventions. Not only does this expand your network but it is also a great source of new ideas and business strategies from competitors and other industries. It also comes with a few challenges.

Small business owners, compared to large businesses, have lower assurance of attendees and are operating in a tight budget. Yet, there are some ways to address these issues such as the following:

Know your objective

Have a concrete idea on the theme of your event and pattern your program on it. You have to have a specific idea on the possible overall outcome that you are targeting to keep you on the right track. Review all the probable topics related to the nature of your business and focus on the most impacting one.

Discuss the Budget

The planning of your event, no matter how grand it is, cannot be achieved if you are under budget. It also does not make any sense if you spend before you accounting all your expenses. It is important to keep the project on budget or you’ll end up with more complaints than gain.

Schedule the Event

Find some time which is mostly convenient for your guests. Pick a date which is not a busy one for your attendees. Research is the key

Be Confident

You are the expert in your business and treat the audience as students who need to learn from you.

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How to Plan a Business Event for Small Business Owners

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How to Plan a Business Event for Small Business Owners

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54 small business owners attended the 3rd BtoB Convention held by Axis Capital Business Funding last September 15, 2015 at the Grand Indonesia Hotel, Jakarta.

At the end of the seminar, Kara Parker, event specialist, shared how she was approached by a young man in his early 20s who introduced himself as Kajar Serman, a small upcylcing business owner in North Jakarta. Kajar, as Kara later learned had been pursuing his unique passion for recycling unused stuff and making them into a whole new usable material since his college days. Now that he has already graduated, he is already able to loan small amount of capital from Axis and have rented a small shop in Kota. Later on, he was also able to get a small stand in Plaza Indonesia mall, a few blocks away from their house. He says that the business had been growing and managing it is a great challenge but like many small business owners, he is already happy with what he has achieved. He later confessed that he thought of holding a small event for small business owners like himself and is attending the convention to learn how to do it.

Just like Kajar, small business owners also dream of holding their own seminars and conventions. Not only does this expand your network but it is also a great source of new ideas and business strategies from competitors and other industries. It also comes with a few challenges.

Small business owners, compared to large businesses, have lower assurance of attendees and are operating in a tight budget. Yet, there are some ways to address these issues such as the following:

Know your objective

Have a concrete idea on the theme of your event and pattern your program on it. You have to have a specific idea on the possible overall outcome that you are targeting to keep you on the right track. Review all the probable topics related to the nature of your business and focus on the most impacting one.

Discuss the Budget

The planning of your event, no matter how grand it is, cannot be achieved if you are under budget. It also does not make any sense if you spend before you accounting all your expenses. It is important to keep the project on budget or you'll end up with more complaints than gain.

Schedule the Event

Find some time which is mostly convenient for your guests. Pick a date which is not a busy one for your attendees. Research is the key

Be Confident

You are the expert in your business and treat the audience as students who need to learn from you.

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Ways to Avoid Over Budgeting In
Your Business

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Ways to Avoid Over Budgeting In
Your Business

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Axis Capital Business Funding Group in Jakarta Review - Jakarta, Indonesia - You have finally been granted a loan for your dream business. Having that ample amount of money gives you a lot of ideas and makes you plan exciting concepts. The opportunities are limitless.  The only problem is you don’t know where to start. You may deem yourself capable and expert when it comes to the nature of your business, the ins and outs in the market and what niche and audience to target but bookkeeping is something you are not trained for. The good thing is, you have already been able to estimate the cost and inclusions, the liabilities and possible profits. The only issue is to maintain the cash flow and regulate it, be able to pay off loans and still get a good ROI.
According to Axis Capital Business Funding, a credit loan source for small business owners in America, most businesses suffer bankruptcy because of improper handling of budget. As there are more pressure for start-ups and small companies, management administration is a big factor in determining the success of the business. Monthly statements come afterwards that is why some business owners have no idea that they have already spent more than what the budget provided for.

With the business up and running, you may already have the idea on the trend in your profit by reviewing the consistent operational system. For start-ups, the assumptions can be based on the trends through geographical location, average competition costs and revenues and ratio of the market to the local businesses.

Planning the budget ahead of its execution is to prevent over spending. Here are some of things you can do:

1. Learn about the Industry standards
Although businesses are different in nature, they are still bound by some similarities. Do some research on local industries on similar fields. Ask around for the average revenue expected and their allocations on cost groupings. The information may give you a general idea and will be able to keep you up with expenses.

2. Create a spreadsheet
Spreadsheets are oftentimes considered tedious. With the operation continuously running everyday, updating it can also be tiresome. Yet, having a spreadsheet for the expenditures and revenues can help you monitor the finances.

3. Consider Cost Cutting
Some factors which contribute to over budgeting is allocating on projects when you shouldn’t be. Know what is not needed and cut it out. While doing this, expect to hear complaints and experience frustrations and prepare yourself for it.

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Axis Capital Business Funding Group Review: What
Startup Entrepreneurs Ought to Know about Social Media

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Axis Capital Business Funding Group Review: What
Startup Entrepreneurs Ought to Know about Social Media

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Many young entrepreneurs struggle to create their online presence. As the fierce world of competition extends to the internet, building an audience and sustaining virtual communities can be a great challenge. Yet, these business amateurs have no option but to try. We have passed the time when social media is only one of the go-to options for marketing, a good addition to the tool box. Now, social media is a must-go-to, a necessity for success.

It’s not even just start-ups who struggle to maintain their online presence. Many already established companies spend millions of dollars for online marketing campaigns, even engaging with their clients through these platforms. Online advertising is already one of the biggest expenditure of both start-up and established companies, and in which ample amount of budget is allocated.

In an international seminar event attended by Axis Capital Group Business Funding, one of the sources of credit loans for small business owners across America, Sophia Clark, Marketing Operations Manager, has given some pointers for aspiring new entrepreneurs who attended the event in Kota, Jakarta, Indonesia. Based on the panel discussion with her, here are some of her emphasis on Social Media and how it can be overcome:

1. Know which Strategy to Use

Going into the business with innate knowledge of how the product is being produced is not enough to compete. It takes a lot of time, effort and more studying. It is the same for using social media. The worst that can happen for a company is to take whatever platform is available and cram it with whatever contents. You have to pattern your social media usage to the business you are doing, the people who mostly use the social media network and the image you are targeting. Diversity of usage is what is important. You can connect to more professionals through LinkedIn, give out in depth information through Twitter and show the company’s culture through Facebook.

2. Use SM for feedback

Social Media is one of the greatest tools to know what the audience wants the most, their dislikes, and their preferences. You can see negative and positive reviews and suggestions, their complaints and their opinions with brands. There are ample amount of things to be learned from them from which you can outline the best possible technique to use.

3. Content is King

Always and always, people, no matter if they are minimalist or not, will look into the content. This is the most basic rule in building an online presence. People would know who you are on the way you market yourself. They can read between the lines and know if it seems like a scam. After all, content is what people are looking into these platforms

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Axis Capital Business Funding
Review in jakarta - Reasons Why Your Credit Card Is Declined

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Axis Capital Business Funding
Review in jakarta - Reasons Why Your Credit Card Is Declined

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You may be confident in stepping out of your house and going grocery shopping with no cash in hand only to find out that all of your cards are rejected. Sometimes, there is just a glitch in the system or your card may just have a little scratch in its magnetic stripe. In other times, you discover your account has been frozen.

You may start wondering why and how it is being frozen. Your provider may have a practical reason to freeze your account. Axis Capital Business Funding, a credit loan source for small business owners in the United States identifies some of the primary reasons why your card may be frozen:

1. Fraud Alerts

Credit card issuers can trace fraudulent patterns and recognize dubious transactions through its detection formulas. In most cases, these systems work well at preventing unauthorized purchases, and your account will be frozen when a potentially fraudulent transaction is detected. This is one of the protection protocols of issuers to prevent their clients from possible scams. To prevent false fraud alerts that may freeze your card in the midst of process resulting to lumps of embarrassment, you should contact your credit card issuer before making large transactions.

2. Default

If you haven’t paid your loans or if you are spending more than your limit, it is just default that your issuer freezes your account to prevent you from further digging of your grave. The duration of the freeze may depend on both the card issuer and the customer. It’s unlikely that your account will be frozen immediately after missing a single payment, but it’s a pretty safe bet that your card will stop working after missing two. If you ever miss a payment for any reason, contact your card issuer as soon as possible to explain the situation, and to arrange to make up the payment as quickly as you can. Once your account is in good standing, you should be able to use your card again. Keep in mind that missing payments on your credit cards not only risks a freeze, it also damages your credit.

3. If You Cancel the Primary Cardholder’s Account

There was an instance when one cardholder has her ex-boyfriend as primary holder. When they broke up, her ex went to Jakarta, Indonesia while she enjoys the credit card with high limit only to find out that he had closed the account. Now she is faced with the debts alone and the remaining balance on her death bed.

Most card issuers will still display the account in the user’s online profile for several months, if only so that customers can track the status of their remaining balance and payments.

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Axis
Capital Funding: Improvement in Credit Scores

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Axis
Capital Funding: Improvement in Credit Scores

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Since the global economic downfall in 2008 which caused many stocks to plummet and left many individuals in debts, the world has known its lesson. Thanks to the efforts of many people, nations are slowly regaining its former glory.

The country to be most affected is the United States of America. The great recession which started in December 2007 to June 2009 of almost 19 months has affected countries of as far Indonesia and Africa.

According to Axis Capital Business Funding Group, a source of credit loans for small business owners in USA, this downturn in economic activity served as a lesson for current trend in credit ratings of individuals.

As credit scores improve, the flow of credit to consumers will increase. In the first three months of 2015, credit card balances increased by over $20 billion and this trend is expected to accelerate. People are applying for more credit, and banks are more willing to lend.

In many cities, individual credit scores also increased in percentage as many people are becoming aware of its importance. In Jakarta, scams and fraudsters who greatly affect the city’s economy are slowly decreasing in number. In Singapore, certain limitations are being set for loans and cautious computation is being sought after.

After the crisis, we learned our lesson and went through a period of difficult de-leveraging and responsible budgeting. Banks also learned their lessons, and are now only making loans to creditworthy borrowers with stable jobs and good income. However, this convenient narrative ignores two simple facts. First, a big part of the de-leveraging resulted from banks writing off bad debt. And second, most negative information disappears from your credit report in 7 years, including home foreclosures. Even Chapter 7 bankruptcy, which is the ultimate negative mark, is gone after 10 years.

The Great Recession happened 7 years ago. Over the next few years, the negative marks of the Great Recession will disappear completely from the nation’s credit reports. Scores will increase. And banks will start lending to the same people, again.

When a bank makes a lending decision, it is based upon information available in credit reports. The credit scoring models can only use data available on credit reports. And almost all negative information is gone in 7 years. According to FICO, “it’s a common misconception that a foreclosure will ruin your score for a very long time. In fact, if you keep all of your other credit obligations in good standing, your FICO can rebound in as little as 2 years.”

Because most banks tightened credit after the 2008 crisis, it became almost impossible to get new credit. And, as a result, it became very difficult for people to borrow too much because the credit just wasn’t available. But now it is.

Our credit scoring system is built to have an automatic credit score jubilee. Mistakes and negative events in the past will be forgotten. Over time, our scores will improve so long as we don’t get drunk on credit too quickly.

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Axis Capital Group Business Funding Jakarta Review: Credit Card
Fraud

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Axis Capital Group Business Funding Jakarta Review: Credit Card
Fraud

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Fraudsters are so advanced nowadays that they may be considered geniuses in their field, a true perception on what extent human beings can achieve in every nooks and crannies of today’s generation of advanced technology. Even those little cards that are considered one of the most important things in a person’s wallet can also be hacked.

Credit card frauds exist in every continent and are most rampant in developing nations. Because of the lack of policy implementation and lose punishment system by the authorities, scammers are hard to catch, sometimes, even doing their illegal practices in clear sight. These operations are known in the suburbs of Jakarta, Indonesia, Bangkok, Thailand and Cambodia; places which have the highest report of fraud for years.

Axis Capital Group Business Funding, a credit source for small business owners operating in America has listed some of the common types of credit card related fraud as a warning to individuals to be cautious:

1. Application Fraud

The thieves will first steal is victims’ pertinent information before applying for a new credit card. Although banks try to safeguard themselves from this sort of fraud by requiring original substantiating documents, telephoning employers and so on, criminals have been known to forge documents and even give false telephone numbers.

2. Manual or Electronic Credit Card Imprints

Data from a legitimate card is imprinted or the magnetic strip is skimmed. The information from the card is then later used for fraudulent transactions or for encoding fake cards.

3. Lost and stolen card fraud

This is perhaps the most common type and occurs when your card is physically stolen or lost and then used by a criminal, posing as you, to make unauthorized charges on your account.

4. Fake Cards

Producing fake cards takes a lot of time, effort and skill. There are many security features particularly difficult to reproduce, for example, holograms.

A fake card with fake numbers and a fake name is forged and used for transactions. The card is not linked to any real account and the credit card company is not liable to pay for the transactions as there is no user information.

5. Card-not-present Fraud (Fraudulent Use of Card Details)

This crime involves using fraudulently obtained card details to make a purchase, usually over the telephone or on the Internet. A card, in a physical form, is not needed. Usually the details are taken from discarded receipts or copied down without the cardholder’s knowledge. As with counterfeit fraud, the legitimate cardholder may not be aware of the fraud until a statement is received.

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Axis Capital Group Business Funding Jakarta Review: Facts
and Fiction in your Credit Scores

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Axis Capital Group Business Funding Jakarta Review: Facts
and Fiction in your Credit Scores

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Your credit score is a three-digit numerical representation of your credit-worthiness, or how likely you are to reliably pay back money you borrow. It may seem simple enough, but credit scores aren’t always intuitive. Even when you think you’re doing the right thing financially, you may be actually hurting your credit score.

When you are dealing with your credit scores and reports, make sure you bring an extra memory bank and understanding. Be cautious before bursting out any complaints. The things involved in it may be complicated. Also, try not to believe other people say about credit scores. Make sure you verify the information first.

Well, for a starter, here are some common fictions created about credit scores Axis Capital Business Funding, a direct source of credit loans for your business based in America and has now expanded to Jakarta, Indonesia, has prepared.

Fiction: The more money you make, the better your credit score will be.

Fact: Your income has nothing to do with your credit score. It’s not reported to the credit bureaus or listed on your credit report.

Fiction: Once you’ve paid a past-due debt, it will drop off of your credit report.

Fact: Late payments and other negative information remain on your credit report for seven years from the date of the initial late payment. Bankruptcies typically stick around for 10 years from the bankruptcy filing date. While that black mark may continue to soil your credit report, however, its effect on your credit score will lessen over time.

Fiction: Credit bureaus never make mistakes.

Fact: Now, this is one of the common misconceptions. Since credit reports generated by the three major credit-rating agencies are from a good system, many people do not review their credit report regularly. In truth, nearly 8 in 10 credit contain serious error or some sort of mistake, according to a survey by the U.S. Public Interest Research Groups. Because many errors can negatively impact your credit score, it’s important to check your credit report regularly and dispute any inaccuracies you find.

Fiction: Practicing a cash-only policy will help your credit score.

Fact: Having good credit is a function of having credit available to you and using it responsibly. If you don’t have or use credit, you may have no credit history at all and if you do, your credit score won’t be as good as someone who consistently demonstrates responsible use of credit over time.

For more reviews from Axis Capital Group Business Funding, visit our facebook pageand follow us on twitter @acgfunding.

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Credit Score Facts You Should Know on Axis Capital Group
Business Funding Jakarta Review

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Credit Score Facts You Should Know on Axis Capital Group
Business Funding Jakarta Review

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An excellent and solid FICO credit history can help you a lot. It can save you tens and thousands of dollars in mortgage interest and lower you auto premium insurance among many things. However though, there are still a lot of mysteries clouding the credit world. Take time to review the following things Axis Capital Business Funding, a direct source of business funding based in America, has prepared for you:

1.Equifax, TransUnion and Experian are the three major credit bureaus. Each of these tools tracks your information and how you use your credit. Based on the information, each credit bureau maintains FICO Credit Score for its consumer in its database. As a result, you have the credit reports from each bureau. The FICO credit score generated from each bureau and tends to vary significantly.

2.Not everybody has a credit history. If you have never applied for and used credit, you will not have a credit history in three main bureaus. Without a credit history, you would not have a FICO credit score. And yes, the same rules apply to credit ratings in developing cities like Singapore, Jakarta, Indonesia and Kuala Lumpur, Malaysia.

3. Many people have complaints that they cannot be approved of a loan because the result of their different is different from their scores. Take note: credit reports and scores are different. While your FICO credit score is generated based on information in your credit report, it’s important to understand the difference between the two. Your credit report shows your history of using credit, including the accounts you have (both opened and closed), your payment history, credit limits, and amounts owed. Your FICO credit score is generated based on this information, and generally ranges from a low of 300 to a high of 850.

4. This is one of the major confusion of individuals: Not all credit scores are FICO scores. The FICO credit score is not the only credit scoring formula available. Each of the three major credit bureaus, for example, has developed their own scoring models. And there are even multiple FICO score calculations. The key is that if you want access to your FICO credit score, make sure the service you use will provide your FICO score, and not a credit score based on some other formula.

5.Getting your report does not hurt your score: You can check your own credit report and score without affecting your FICO credit score. While inquiries by creditors with whom you have applied for credit can lower your score, checking your own score will have no effect on your credit file.

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To get a good deal of loan nowadays, a good credit score is needed. The only way to know your credit score is to check your credit report.

Not only will reviewing your credit report help you get an idea of what your credit score may be (you do have to pay for your actual credit score), it will also allow you to confirm that all the information is correct. One small mistake on your credit report could seriously affect your credit score and potentially cause your rates to skyrocket.

Axis Capital Business Funding Group, a capital source of loans for small businesses in over 10 states in America has listed ways on how you get your free credit report.

There is only one place to get your free, federally mandated credit reports, also called an “educational credit report,” which this is AnnualCreditReport.com. You are allowed a free credit report from the three major consumer reporting agencies in the U.S.: Experian, Equifax and TransUnion.

A warning is also set for business owners for a lot of advertisers and commercials who offers “free credit report”. Be aware that these companies will give you a free credit report and/or credit score initially, but they will also most likely also ask for your credit card number. If you don’t cancel within a certain time, they’ll charge you for membership.

Checking your credit report is called a soft inquiry, and you can check your credit as much as you want without it negatively affecting your credit score.

Keep in mind that while you’re entitled to a free credit report, you will have to pay for your FICO score, which is the most common credit score. You can go to FICO’s Web site, and your score will probably cost around $40. A situation in which you may want to buy your credit score is when you’re shopping for loans. Your credit score can affect your rate, so knowing your score from each agency may help you decide who will give you the best rate when you borrow money.

These credit scores are only available in some states in Asia and the websites may differ when your business is located in other developing countries. Cities like Singapore, Jakarta, Indonesia and Beijing, China have their own local credit scoring and you may inquire from your business lending company for information.

Above all, it’s important to use credit responsibly. A good credit history and credit score can be the difference between being able to purchase a home, buy a car, or pay for college. Proactively managing your credit report is a great way to stay in control of your finances, and ultimately achieve your goals.

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Axis Capital Group Business Funding Jakarta Review on S&P turns down
call on Indonesia’s grade status upgrade

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Axis Capital Group Business Funding Jakarta Review on S&P turns down
call on Indonesia’s grade status upgrade

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Standard and Poor’s (S&P’s), one of three biggest credit-rating agencies in the world along with Moody’s Investor Services and Fitch Ratings, surprised everyone when asked about the progress and upgrade of credit rating of Indonesia.

S&P’s was questioned and representatives from the company insisted that it remains upbeat about reform progress in Indonesia, even after the local stocks and bonds market fell after the agency’s upward revision of its outlook for the country’s sovereign debt paper rating.

It was an unexpected move as many analysts have been positive about the growth of investors in the country, especially in the development in the archipelago’s capital, Jakarta.

Axis Capital Business Funding, one of the business lending companies in America which expanded their services to Indonesia, has expressed a great disappointment in S&P’s decision. Reviews show great displeasure by companies and individuals alike. Some even made threats of suing and complaints are expected to elevate if the agency will not revise their decisions.

S&P upgraded the outlook of Indonesian sovereign debt papers from “stable” to “positive” on May 22, but the announcement failed to reverse the sell-off of rupiah bonds, whose yields have risen by 15 basis points over the last two weeks to touch 8.13 percent as of May 29.

Despite this, S&P expressed that they are still comfortable with the Indonesian economy. The agency’s analyst, Kyran Curry stated, “What is important for us under the new government is that Jokowi has shown that he could move decisively. We believe the government will continue to deliver”

The “positive” rating outlook indicates that S&P is likely to perform a rating upgrade within six to 12 months. A “stable” outlook signals little possibility for near-term rating changes while “negative” signals suggest likelihood for a rating downgrade.

S&P currently rates the long-term sovereign credit rating in Indonesia as BB+, or one notch below investment grade status.

The outlook revision came as Indonesia’s economic data releases fell short of most economists’ high expectations, with growth already falling to a six-year low of 4.7 percent in the first quarter, while inflation accelerated to 6.8 percent in April, versus the government’s target of 5 percent for the full year.

S&P cited “improved policy credibility” behind the outlook upgrade, but such a rationalization confounded analysts as Indonesia’s fiscal authority is currently grappling with an enlarging budget deficit due to the unrealistic tax targets, at the same time its monetary authority has recently backtracked from its earlier tight policy.

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Axis Capital Group
Business Funding Jakarta Review, What is A Credit Score?

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Axis Capital Group
Business Funding Jakarta Review, What is A Credit Score?

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More than three quarters of Americans live in credit. Your credit score can mean the difference between being denied or approved for credit, and a low or high interest rate. But many nationalities and migrants are not that aware of it. Here is how Axis Capital Business Funding, a credit source offering small companies loans for their business in over 10 states in America explains what credit score really is.

What It Is

Your credit score is a three- digit number generated by a mathematical algorithm using information in your credit report. It's designed to predict risk, specifically, the likelihood that you will become seriously delinquent on your credit obligations in the 24 months after scoring.

FICO

There are a multitude of credit-scoring models in existence, but there's one that dominates the market: the FICO credit score. According tomyFICO.com, the consumer website for the FICO score developer, "90 percent of all financial institutions in the U.S. use FICO scores in their decision-making process."

FICO scores range from 300 to 850, where a higher number indicates lower risk. There are also other existing online systems but mostly, if you encounter a site which asks you to pay, it may be a scam.

Cities like Singapore and Jakarta, Indonesia is now currently developing a new system similar to FICO to trace local credit scores and information. However, patronage remains to be a big problem as these cities are rarely using their credits.

Elements

Payment history: (35 percent) -- Your account payment information, including any delinquencies and public records.

Amounts owed: (30 percent) -- How much you owe on your accounts. The amount of available credit you're using on revolving accounts is heavily weighted.

Length of credit history: (15 percent) -- How long ago you opened accounts and time since account activity.

Types of credit used: (10 percent) -- The mix of accounts you have, such as revolving and installment.

New credit: (10 percent) -- Your pursuit of new credit, including credit inquiries and number of recently opened accounts.

Personal or demographic information such as age, race, address, marital status, income and employment don't affect the score.

Different score impact for same missteps

How much does a specific change affect a credit score? The answer is usually "it depends," and for good reason. Credit score developers don't reveal the exact point deductions. The weight of any given activity can also vary for different credit histories. You might want toreview all your spending and the way you handle your credit card to get a high credit scoring.

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Axis Capital Group Business Funding Jakarta
Review on How to Boost your Credit Score

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Axis Capital Group Business Funding Jakarta
Review on How to Boost your Credit Score

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Credit score is not an immediate result. Big names in credit scoring like FICO take into account years of past behavior, not just your present actions. In addition, you also have to be consistent to push your score in the right direction.

Here are some tips from Axis Capital Business Funding Group, a credit source helping small business owners for their loans in more than 10 states in United States in America, to help you improve your credit score:

1.Review your Credit Balance

One of the major factors in your credit score is how much revolving credit you have versus how much you're actually using. The smaller that percentage is, the better it is for your credit rating.

The optimum: 30 percent or lower. So pay down your balances and keep your balances low. A good example who consistently has their credit percentage low are people from Jakarta, Indonesia since they are not used to using Credit cards for their daily lives.

2.Eliminate 'nuisance balances'

“A good way to improve your score is to eliminate nuisance balances," says John Ulzheimer, a nationally recognized credit expert formerly of FICO and Equifax. Those are the small balances you have on a number of credit cards.

The reason this strategy can help your score: One of the items your score considers is just how many of your cards have balances, says Ulzheimer.

3.Leave (good) old debt on your report

Some people erroneously believe that old debt on their credit report is bad. The minute they get their home or car paid off, they're on the phone trying to get it removed from their credit report, he says.

Good debt -- debt that you've handled well and paid as agreed -- is good for your credit. The longer your history of good debt is, the better it is for your score.

4.Always pay bills on time

If you're planning a big purchase (like a home or a car), you might be scrambling to assemble one big chunk of cash.

While you're juggling bills, you don't want to start sending bills late and end up with a complaint and a trial. Even if you're sitting on a pile of savings, a drop in your score could scuttle that dream deal.

One of the biggest ingredients in a good credit score is simply month after month of plain-vanilla, on-time payments.

Saving money for a big purchase is smart. Just don't slight the regular bills -- or pay them late -- to do it.

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Axis Capital Group Business Funding Jakarta
Review: Credit Scoring in Different Countries

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Axis Capital Group Business Funding Jakarta
Review: Credit Scoring in Different Countries

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Credit score isn’t like the existing sports scoring nowadays. As the 2016 Rio de Janeiro Olympics near, many of us will be rooting to our favorite sports and team members bearing each of our nations’ flags. But talking about credit score, which country do you think have the highest credit reporting system aside from America?

According to Axis Capital Business Funding Group review, a credit source for small business owners operating in over ten states in America, many countries in public and private credit reporting agencies exist and were often initially created to help monitor risk in banking sector. Privacy laws often prevent those registries from sharing information with private credit reporting agencies.

Germany

Germany's system is "quite comprehensive" though the information reported predominantly comes from banks. Their major reporting agency is SCHUFA. Thanks to recent regulatory changes, Germans can have late payments deleted from their credit files as long as the original amount was less than 2000 Euros and the bill was paid within six weeks. Germans can request free copies of their credit report once a year.

Australia

Positive information is not reported on consumer credit reports in Australia. The government doesn’t allow it. But they are trying to at least report balances. Reviews say that lenders are only relying on applicants to truthfully report balances on other accounts.

South Africa

South Africa has a robust credit reporting system, much like in the UK, with Experian, TransUnion and Compuscan as the main credit reporting agencies. But the rest of Africa generally has very poor or non-existent coverage, and changing that is a daunting challenge.

Malaysia, Singapore, Hong Kong, Jakarta, Indonesia

Much to the surprise of many, Asia has leapfrogged the U.S. and the UK in terms of technology and more comprehensive database. In those countries, they have combined consumer credit reporting and commercial credit reporting which is specifically valuable for SMEs (small and medium enterprises) trying to get access to credit.

China

China has a public registry originally developed by the People's Bank of China. It has been very difficult for the private credit bureaus to establish themselves in a country where there is no legislation to protect themselves. Those who live in Japan, however, had better maintain a good reputation and relationship with their banker. Consumer credit is underutilized, and credit data is vertically siloed. Some credit is even made in a name’s basis.

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Axis Capital Group Business Funding Jakarta
Review on Take a Step Higher

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Axis Capital Group Business Funding Jakarta
Review on Take a Step Higher

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In our years in dealing with small business owners and startups, we have heard success stories on how our partners have improved in their years of operation. Axis Capital Group Business Funding, a company which is based in Nebraska and now expands to Singapore and Jakarta, Indonesia has been a part of a growing industry which you are forced to push forward or fall behind. Whether you are a one-person operation or 100-employee company, you need improvement to maintain your stand in the ever competing world. Always remember that your business is either on an upward track or on its way down. Making improvements to make your business better is a conscious choice. Not only must you balance your time but choose the right area of business that will make the biggest impact.

1.Keep Score
It's amazing how few small businesses have any idea of the daily, weekly, and monthly numbers and financial trends in the organization. Spend the necessary time keeping current on cash flow and if you lack the financial skills then hire an accountant. Reviewing your financial status make it easier for you to track your liabilities and enhance your objective.

2.Set Goals
Like keeping score, setting goals and objectives is an essential part of business success.

3.Use High Impact Marketing
It's easy to waste money on ineffective marketing. Learn how to use low budget high impact marketing to improve your small business.

4.Master Business Presentations
A powerful business presentation can help improve your small business by leaps and bounds. Learning the essentials of a knockout business presentation can reap many rewards.

5.Monitor Trends
You have to keep an open eye of what is around you to stay on track. The events and changes in the global landscape have an effect on your business. Stay current on trends and issues.

6.Find Best Practices
Every industry has its own best practices or ways of doing things that are tried and true. Avoid wasting money and time reinventing the industry is generally a good approach unless you're set on building the next Goggle.

7.Motivate Staff
Talented and motivated staff members can bring on big improvements in business. Learn what motivates your employees to higher levels of performance. If not, you would be faced with a lot of complaints and resignation letters.

8.Know Your Limits
By knowing your entrepreneurial personality type, you can manage your resources and find help in areas of weakness.

9.Take a Break
Running a small business is hard work. Sometimes the best way to improve your business and re-ignite your passion is to take a vacation.

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I know what you are thinking. Since you are just a small company starting out on your own, you cannot expect to push the big and more experienced people in the industry. You have to take things slow and make your way to the top step by step. But do you know how to do it? Do you have plans on doing it? Axis Capital Group Business Funding, a company based in Nebraska and now has expanded to Singapore and Jakarta, Indonesia with an aim to offer entrepreneurs like you to fund your business has these tips for you to review and consider:

1. Personal Brand.

This is an easy one if done right but imagine the importance of this. People appreciate Coca-cola and Pepsi far above other sodas since these two already have established their brand in the market. Your brand should speak for what you are. Be bold and daring. This is mostly the characteristics a good branding should have that people patronize. And also remember that you shouldn’t copy someone else’s branding. People can see through it. You do not want people to see you as scam or fraud.

2. Passion.

Follow Your Dreams! We all know passion can ignite emotion and results. Small business leaders have the advantage that they probably started their business because of a passion or an enormous opportunity they saw in the market that is not being solved for. Regardless, the chances are high there is something about the opportunity and business model that is exciting them.

Tapping into passion is key to staying motivated. Where larger brands are filled with executives that may be burned out, most small businesses are filled with founders whose heads and hearts want to burst with excitement.

3. Innovation.

Because you have passion and because you can tap into agility, you have a perfect mix to better innovate. It doesn’t require an intense board meeting to kickoff an idea for further research. You can simply plan it and do it.

Innovate quick and smart. Don’t sit on your ideas for too long. Leverage your agility to truly innovate faster than your competition, even the big brands!

4. Service.

Small business can have an immediate leg up on competition with service. You can leverage your personal brand, personal relationships and human touch to make your customers feel special.

Be sure to set proper expectations. Don’t be pushed into quick time frames for deliverables that you know you can’t meet just to close a deal.

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We are halfway through the year 2015 but some business trends are still unseen. Let us take the time and review what business strategies have already been implemented and what things are still needed to change. This way, our team of marketers in Axis Capital Group, a company lending financial assistance to small business owners in Nebraska and has now expanded to Singapore and Jakarta, Indonesia have based our succession of campaigns.  You who are still starting with your own business can also create better strategies in the future.

1. Use Social Media Networks for Content Distribution

LinkedIn and other social networks has been fast developing and growing this decade. This year, LinkedIn is still expected to rise as one medium to distribute contents about your business.

As we all know, social media networks are good places for content distribution, but LinkedIn has several features that make the platform more versatile than Facebook, Twitter, and others for this purpose. If you still don’t have any LinkedIn account, you should start making one now to take full advantage of its features for your business.

2. Improve Social Media Integration

A study in Jakarta, Indonesia shows that one way people recognize brands is because of its frequency to be mentioned in social media. LinkedIn is not enough to boost your company, especially when you are still starting in the industry. As the virtual world is fast evolving, so should you. Adding social sharing options to websites, blogs and email messages can greatly increase than range and effectiveness of the campaign. Even when you don’t have any marketing team, you can make a social media account under the name of your company but make sure not to flood your accounts with irrelevant information or people may think of your as scam.

3. Preparing for New Technologies

Being in the business, you should review what’s new in your specific field. If there are new technologies you should invest into, you should think about it deeply. You would not want to make a bad impression to your potential customers if they happen to visit your office and find outdated equipment. Having advanced technology in your office will not only benefit your image but your productivity as well since your tasks will be easier and more convenient with new systems and data base integrated in advanced machineries and equipment.

By the end of 2015, a lot of people should be using wearable technology devices. Though it's hard to say how difficult it will be to market on wearable, this is something that marketers should keep an eye on.

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Business
Advice for Startups and Small Business Owners

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Business
Advice for Startups and Small Business Owners

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When you enter a business, you enter a venture where learning never stops, new opportunities always rise and new competitions always enter the scene. Whatever the size of the business does not matter when it comes to new knowledge, yet somehow, being a startup and a small business owner has its own disadvantages obviously. Take us, for example. Axis Capital Group, a credit source offering small companies loan options located in Nebraska and now expands to Singapore and Jakarta, Indonesia has had tough times. Even when we are starting, we compete with large credit companies with big names in the industry. We set ourselves apart from others through traditional methods which up until now has been very helpful in how we do our ways.

1. Define yourself and your business’ culture

Authenticity is key – be yourself. You cannot keep your business when you act all fraudulent about things. This frame of mind is essential in helping define your business’ culture. This can also be one of the factors in leading and setting the tone for your employees.

2. Keep track of your Long Term Goal

At the outset of your new venture, you will likely spend all of your time with your nose to the grindstone, which can make it tough to see the big picture. While getting through daily operations matters, you should never lose sight of your long-term goal. When it comes to this, think big. Sure, you may have a sense of where you want to go in a two- or three-year plan, but think longer term.

3. A journal can be helpful

It may be very hectic to run a small business firsthand and adding another task to the unending to-do list is typically an added stress. Nevertheless, take time to write down things you have done during the day. It may help you build a concrete outline of your thoughts and priorities.

4. Take a Leap and a little Risk

Review what you have already achieved and what is left to achieve. In order for you to expand your business, you have to take a leap and look into the risk involved without putting those involved in jeopardy. Empower your employees to do the same. Let them make decisions and grow the business, and good results will follow. It will likely help foster your business’ culture and your reputation as a leader as well.

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Business
Advice for Startups and Small Business Owners

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Business
Advice for Startups and Small Business Owners

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When you enter a business, you enter a venture where learning never stops, new opportunities always rise and new competitions always enter the scene. Whatever the size of the business does not matter when it comes to new knowledge, yet somehow, being a startup and a small business owner has its own disadvantages obviously. Take us, for example. Axis Capital Group, a credit source offering small companies loan options located in Nebraska and now expands to Singapore and Jakarta, Indonesia has had tough times. Even when we are starting, we compete with large credit companies with big names in the industry. We set ourselves apart from others through traditional methods which up until now has been very helpful in how we do our ways.

1. Define yourself and your business’ culture

Authenticity is key – be yourself. You cannot keep your business when you act all fraudulent about things. This frame of mind is essential in helping define your business’ culture. This can also be one of the factors in leading and setting the tone for your employees.

2. Keep track of your Long Term Goal

At the outset of your new venture, you will likely spend all of your time with your nose to the grindstone, which can make it tough to see the big picture. While getting through daily operations matters, you should never lose sight of your long-term goal. When it comes to this, think big. Sure, you may have a sense of where you want to go in a two- or three-year plan, but think longer term.

3. A journal can be helpful

It may be very hectic to run a small business firsthand and adding another task to the unending to-do list is typically an added stress. Nevertheless, take time to write down things you have done during the day. It may help you build a concrete outline of your thoughts and priorities.

4. Take a Leap and a little Risk

Review what you have already achieved and what is left to achieve. In order for you to expand your business, you have to take a leap and look into the risk involved without putting those involved in jeopardy. Empower your employees to do the same. Let them make decisions and grow the business, and good results will follow. It will likely help foster your business’ culture and your reputation as a leader as well.

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Since you are still starting, you cannot expect so many people to patronize the products and services that you have and do immediately. Company branding is the most efficient way to show potential customers what your business is about. It is reflected visually via the logo and company design elements as well as through verbiage in marketing materials, slogans and informational copy. Even business companies like Axis Capital Group Business Funding which has already achieved unprecedented progress all over America and Jakarta, Indonesia take their branding seriously. What makes a brand different from the rest though?

1. Uniqueness

Set your company from others by showing it in your logo and branding.  To do this, analyze what you do best and consider you target demographic. Use graphics and word choices that clearly reflect your business to your target audience, hence your brand. Use your branding to deliver clear messages.

2. Target Audience

Done correctly, your brand can assist you in getting a stronger foothold in your niche market. Your branding should also consider the target market that you have. Define your unique selling position and consider methods to communicate key messages to your desired audience. Use specific images or phrases to encourage the feel of inclusivity. Let them know the reason your company exists and how it can fulfill their needs. This can connect you to your target audience, engage them and motivate them to buy.

Review your target audience’s background. If they are from Saudi Arabia or Jakarta, Indonesia which are Muslim cities, you might as well consider putting HALAL logos in your products if you are into foods and drugs.

3. Emotional Connections

Set apart your branding by creating an emotional connection to your audience. Consider brand identification almost as important as religious preference and ethnic background when defining themselves online. The power of branding has successfully melded into that of personal identification and emotional connection. Just avoid complaints by having logo and tagline that shows discrimination and racism. The public is very sensitive about that.

4. Message Delivery

Having strong branding can evoke trust from your niche market. This can translate to your newsletters, emails and advertisements garnering a greater response, hence increasing sales. As people will already be vested in your brand, they will be confident that they will receive value for time spent reading your messages or researching your product.

5. Consistency

Focus on your long-term branding efforts to keep your business consistent. This consistency should transcend messages, product lines and audience appeal. It should enhance your business, adding depth to your company’s presence. This should allow you to grow and keep a loyal following. Your taglines should be able to get passed the changing and evolving world.

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Small
Ways in Funding Your Small Business

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Small
Ways in Funding Your Small Business

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A lot of small businesses nowadays are struggling to keep up with the fast pace of industrialization and modernization. In order to compete, you have to be more creative and think of out-of-box thinking. Small businesses have traditionally been the key driver for economic recovery when it comes to hiring, but hiring requires capital, and capital can be hard to come by. In order for you to find solutions for your unending financial needs, Axis Capital Group Business Funding, which has serviced the United States and now expands to Jakarta, Indonesia, has prepared ways for you to get started with your small business:

• Do it yourself.

Most entrepreneurs and small business owners these days have come to the realization that they will have to self-fund (also known as “boot-strapping”) their projects for a significant amount of time until more formal funding opportunities become realistic. Before starting a business, of course, business owners should already have this outlook that you have to spend for your own somehow. If you believe in your vision and have an absolute refusal to accept failure as an option, you should feel comfortable investing you own money into the business. In turn, this will make potential investors more comfortable knowing you have skin in the game.

• Friends, family, and fools.

Review who are closest to you. Those closest to you are more likely than anyone to believe not only in your vision, but your ability to make that vision a reality. One downside of course is that you are potentially risking personal relationships should the business fail and your agreement not be structured properly. Juts borrow enough money which you can’t afford to set up your website and such so as not to burn any bridges around you. You might be faced with tons of complaints even before you are starting.

• Small business loans.

Yes, this do exists and we happen to be in this business. We are in fact extending even in Asia including Jakarta, Indonesia, Singapore and Hong Kong. Since banks are stricter and harder to deal with, lenders like us came into being. Another reason to pursue debt financing is that you aren’t giving away a piece of your business.

Regardless of which path you take, chances are that you may do all of these at some point as your business grows.  At the end of the day, you have a business to run and none of these matters unless it has your full attention. So find a viable funding solution that also allows you to maintain operations and focus on profitability.

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If you are just a starting up your business like any other independent individuals nowadays, then, you must know that marketing is one of the most important factors to make your business thrive. As a business as well, Axis Capital Group Business Funding has been in the same position as you are. We have been continuously expanding, helping business operators all over America and now expand to Jakarta, Indonesia but we also have a lot in our plate. Keeping your focus not only in your profit but also on your products, clients, internal operations and marketing is a very hard work.

The Internet is the great equalizer in that it gives small businesses marketing opportunities on par with their larger competitors. It can still cost money to market online though and, if you aren't careful, the total costs can totally blow your budget.

Good thing there is already a lot of inexpensive small business marketing methods which can help you achieve your goal. Here are some of the business marketing tips for you to review:

1. Post Videos

- Online videos are now rampant. If you get a lot of views, you have the higher chance of gaining popularity and branding. A prospective customer may find it online and sign in with you. You can make use of free video tools and create videos for yourself.

2. Post a Good Review from a satisfied Customer

- Happy clients lead to more clients. You can take advantage of their satisfaction of your products and services by asking them to make reviews for you. A good testimony from other people is more likely to be believed in and it also proves that you are not a fraud, non-existent business but a legit one through the people who recommends you.

3. Search forums for customers

- While you are at it, you can also join open forums which tackle arguments or conversations of your business. You can post related comments and can also pull some potential clients for your business. However, do not sell online. Just join the conversation and attack at the right time.

4.  Share information all over the Web

- Blog about your products and services. The good thing about the internet is it reaches even the far flung corners of the world. It may even reach Singapore, Brunei, Jakarta, Indonesia, Abu Dhabi and Africa and you might find some clients from these countries pouring in front of your door. The most inexpensive way to promote small companies nowadays is to share what you do and what you love.

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The world is starting to evolve and individuals are starting to get away from their own comfort zone to a more passionate job. How about you? Are you not tired of being somebody else’s employee? Do you plan to start your own bakeshop or small construction materials store? Are you thinking of the capital that you need in putting up your own business? Axis Capital Group Business Funding which helps small business operators all over the US and now expands to Jakarta, Indonesia is finding ways to offer you an easier loan to start your own passion.

1. Get your finances (and documentation) in order.

Typically, a business needs to have been profitable for the past three years in order to qualify for a bank or SBA loan. Since most lenders will look closely at your credit history prior to making a decision, keep an eye on your credit score and anything in your credit report that might be a red flag.

Remember, most banks will require that you personally guarantee the loan, but if you have sufficient collateral within your business to cover the loan principal, they shouldn't require a lien on your home. When you plan to go to a business lending company like ours, all we need from you is a proper documentation of things. Of course, we would want to trust you as you would also want to trust us to avoid misunderstanding and complaints in the end.

2. Tell your company's story.

One of the most basic errors made by loan applicants was not telling me why their company needs the money. And they wouldn't reveal why we should approve the loan even though their company doesn't meet our minimum standards. Is your industry experiencing growth? Are you scheduled to partner with a major retailer? What's your story? Fine-tune your business pitch to include your future prospects--not just highlight past successes. We would also like you to establish a good goal for yourself and your business so you may know where you are to be in the near future and get a specific goal. This will prevent you to be distracted and get scammed in the end.

3. Go local.

A national bank is less likely to hear you out if your business hasn't been profitable for the last three years. It is also likely that your company will be passed over if you are lacking sufficient collateral to secure a loan.

Since Axis Capital Group now reaches far and wide with our extended company in Jakarta, Indonesia, it would be easier for you to lend for the benefit of your business.

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Challenges
that Young Entrepreneurs Face

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Challenges
that Young Entrepreneurs Face

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In our present times, the population gets younger and younger.  New college graduates range from 18-22 years old nowadays. We awe at young entrepreneurs who gets successful in their field.  However though, no matter how persevered the generation nowadays is, we cannot expect each and everyone to succeed. Young people have more roadblocks along the way despite having bigger opportunities. The following are only some of the challenges Axis Capital Group Business Funding, a direct source of business funding based in the US and Jakarta, Indonesia has listed that young people faces:

1. Stereotyping

Being young is often tagged with terms such as “lazy”, “irrational”, “irresponsible”, “unorganized” and naive”.  There will always be a good chance that you will be doing business with people who are older than you are and incorporate you with the stereotyping terms. To overcome this, show that you are professional and treat anyone that you interact with like you would want to be treated if you called a company.  Soon they will see that you mean business and treat you like an adult.

2. Educational responsibilities

Of course, since you are still young, going to college is a big plus in business. You have to juggle your business venture with school work, something that can be a very rigorous load. In running a business through college you should learn to block off hours for the duties that absolutely had to get done. One friend of mine who started his business in Jakarta, Indonesia and also studied college there told us how he has to answer clients between classes and act all professional but when his teacher caught him, he should be back to his usual self again. In the long run, this struggle to juggle college and business is worth it because the real world experience will set you far ahead of your colleagues.

3. Criticisms

Because you are young and already own your own business, some people will feel threatened by your ingenuity and success. They may feel the need to doubt your abilities and let you know how hard it is to run a successful business.  You may face a lot of complaints from your competitors. All your moves will be reviewed and observed. Always listen to advice but also be weary of those just trying to bring you down.  Many people may assume that you will never end up making enough money to make it full time – go ahead and show them otherwise.

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Nowadays, people have been investing to a lot of things to build up their brands and make their names known. Despite living in the digital world, traditional media is still being used. One of these most used medium is the business cards. Business card can also be critical to the development of your business. These little tools are still relevant in the meeting your own prospects and clients. Axis Capital Group Business Funding, a credit source offering small companies loan options to business-people who operate existing enterprises in the United States and now expands to Asia with their office in Jakarta, Indonesia and Singapore has these factors that show the importance still of business cards:

1. Solid First Impression

Having a business card with your detailed contact information can build your credibility. The more details you put into it, the less chance you get involved in any fraudulent acts. You should include this in your self-introduction. Contacts always expect business cards and it is way better than finding a paper to write at every time you have want them to contact you.

2. Direct Marketing Tools

Sure you have a website for people to look you up whenever they are online but opportunities also come when you are face-to-face with your potential clients. Business cards can go wherever you go, making them an essential mobile marketing tool that can facilitate the process of establishing and maintaining new clients for future business opportunities. You never know when you’ll run into a potentially valuable prospect, so you should always be prepared. By keeping a stack of business cards on-hand, you’ll always be ready to market your business when the opportunity arises.

3. Build a Brand

A business card which is artistically designed can add an attraction to your company. Business cards are a simple way to establish your brand, which in turn makes your business more easily recognized. A successful card should contain your company’s logo, advertising slogan and necessary contact information, including a phone number, website address and email where you can be easily reached which the potential clients can reread and review. Remember that just because your business card is made from paper doesn’t mean it can’t also be tech savvy.

4. Budget-friendly

Compared to maintaining a website, business cards are more affordable. As one of the medium of marketing, you can print these kind of marketing materials which can cost less than it costs to produce commercials or product samples. When the price is so low and can be easily fit into any business budget, why not always keep business cards on hand? A business card is an excellent way for a business to gain momentum with an attention-getting design.

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Do
You Have What It Takes to Be an Entrepreneur?

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Do
You Have What It Takes to Be an Entrepreneur?

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Anyone who has the perseverance and determination to start a business can be an entrepreneur. This is what Axis Capital Group Business Funding, a credit source offering loans to small businesses and startup in the United States and is now servicing Singapore and Jakarta, Indonesia believes in.

In their book, Start Your Own Business, the staff of Entrepreneur Media, Inc. guides you through the critical steps to starting a business, then supports you in surviving the first three years as a business owner. In this edited excerpt, the authors offer some tips to help you determine if being a business owner is a smart move for you.

To fully understand the scope and limitations you have, you have to first accept both of your strengths and weaknesses.  It can be possible that a person possesses all the qualities needed to be successful but it is very rare for these cases to occur. You need to evaluate the major achievements in your personal and professional life and skills to accomplish them. The following may help you determine your potential:

1. Create a Personal Resume

List all your experiences and expertise. Review them and for each experience, describe the duties you were responsible for and the degree of your success. Include professional skills, educational background, hobbies, and accomplishments that required expertise or special knowledge. When it's complete, this resume will give you a better idea of the kind of business that best suits your interests and experience.

2. Analyze your personal attributes

No one knows who you are better than you do. Are you open-minded? Are you friendly? Are you well-organized? Evaluating your personal attributes reveals your likes and dislikes as well as strengths and weaknesses. If you don’t feel comfortable around other people, then a business that requires a lot of customer interaction might not be right for you. Or you may want to hire a “people person” to handle customer service.

3. Analyze your professional attributes

Some business owners are jack-of-all-trades, master of none. You do not have to be expert of all industries; you can just focus on one. Just be aware of the areas where you’re competent and the areas where you need help, such as sales, marketing, advertising and administration. Next to each function, record your competency level—excellent, good, fair, or poor.

Define your Goals

What is your goal? How can you best approach it using all the strengths and weakness you have or the capabilities you see you can offer? Almost all business owners and start-ups, even scams and fraudulent ones, dream of expanding and growing their business. What can you do in putting yours in the edge? For some people, the goal is the freedom to do what they want when they want, without anyone telling them otherwise. For others, the goal is financial security.

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Axis Capital Group Business Funding now available in Jakarta

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Axis Capital Group Business Funding now available in Jakarta

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Axis Capital Group Business Funding is a direct capital source focusing in other options to small business financing, regardless of bad credit record or other problems conventional banks use to reject many loan applicants. We do not require individual guarantees of asset; meaning small business operators need not lose their property to banks. We also perform all our business on the phone and via e-mail; hence, we do not demand any appearance at a physical office, sparing you from travel time and documentations on paper. By doing away with constraining regulations and providing our funding on an uncollateralized terms, we lead in the industry as far as approval speed is concerned, and focus on quick returns in business funding for successful applicants.

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Axis Capital Group Business Funding now available in Jakarta

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Axis Capital Group Business Funding now available in Jakarta

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Business Funding Axis Capital Group Jakarta Review: The
Average American Has This Credit Score

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Business Funding Axis Capital Group Jakarta Review: The
Average American Has This Credit Score

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The Average American Has This Credit Score. How Do You Compare?

As lessons learned during the Great Recession become more distant, consumers are increasingly spending money again on everything from clothes, to cars, to condos, and the bills are piling up, especially for consumers who took a lump or two to their credit score over the past few years.

Climbing again

The amount of money Americans owe on revolving loans, such as credit cards, has marched from a post-recession low of $837 billion to $882 billion in October. Motor vehicle debt reached an all-time high of $943 billion in the third quarter, and the amount of money borrowed from banks to buy property has climbed for six consecutive quarters.

That may be good news for credit card companies like Discover Financial  (NYSE: DFS  ) and banks like Wells Fargo  (NYSE: WFC  ) , but it may not be good news for consumers, who are discovering that lenders are focusing more attention than ever on credit scores compiled by companies like Equifax (NYSE: EFX  ) . Those credit scores determine whether or not a credit card or loan will be approved, and what interest rate the borrower will be charged.

How do you stack up?

According to the credit tracking firm Credit Karma, more than 75% of Americans have a credit score below 700.

That's not good news given that banks are likely to offer their best terms to borrowers with scores that are above those levels.

Those better terms can mean less money from the borrower up front, and far lower interest rates that can produce thousands of dollars in savings over time.

For example, according to myFico, a borrower with a credit score below 660 who is taking out a five-year loan of $20,000 to buy a new car would pay an annual interest rate of 10.385%, or $5,724 in interest over the life of the loan. If that same person had a credit score north of 720, the interest rate would be a paltry 3.245%, which works out to total interest payments of just $1,693.

That $4,031 difference in interest payments is a lot of money, but that isn't the total financial impact of a lower credit score. Investing that $4,031 for 30 years in something like an index fund that returns a hypothetical 6.5% per year would result in an extra $26,662 in retirement savings, which means a lower credit score could mean the difference between pocketing an extra $26,000, or spending an extra $4,000.

Making changes

If you're one of the many who have a credit score below 700, there's no time like the present to begin making changes that could have a major impact on your retirement savings.

Rating agencies like Equifax are continuously updating credit scores, and as a result, changes made today can have a positive impact quickly.

One way to give a boost to a credit score is to reduce the balance carried on credit cards to below 30% of each card's credit limit. Credit card utilization has a big impact on credit scores, so making an extra monthly payment, or paying a bit more than the minimum payment every month can pay off fast.

Consumers may also want to contact their lender and ask them to forgive a late payment. If there are only one or two late payments on the account's credit history, and the borrower's history has otherwise been good, lenders may be willing to make a one-time adjustment. Borrowers may also want to ask their lender if they'd be willing to bump up their credit card limit. Lenders probably won't do that for borrowers with credit scores at the low end of the range, but for those with scores closer to 700, they might. If so, bumping up the credit limit could improve the credit utilization ratio used to calculate the borrower's credit score, too.

Finally, consider keeping a bit of cash handy for day-to-day purchases, rather than using a credit card. That can go a long way toward making sure credit balances don't sneak their way higher, and setting up automatic payments through your lender may help avoid late payments and related fees that can really hurt credit scores, too. While these tips won't fix credit scores overnight, they should go a long way toward healing any lumps to credit suffered in the past.

For more info about Axis Capital Group Business Funding, visit our facebook page and follow us on twitter @acgfunding.

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Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

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Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

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U.S. TAX CODE OFFERS BREAKS TO HOMEOWNERS

This article is current for the 2014 tax year and should not be considered tax advice. For tax-related questions or mortgage strategy related to your individual tax liability, speak with a licensed accountant.

It's January 2015 and, for Americans, the 2014 tax year has concluded.

Within weeks, U.S. consumers will begin receiving such tax-related forms as the W-2, the 1099, and, for homeowners, the 1098, which is also known as the Mortgage Interest Statement.

The U.S. tax code offers incentives to homeowners, and by taking advantage of these breaks, 1040-filing citizens can maximize their financial investment in homeownership.

Whether a home is financed via a mortgage, or paid-in-full with cash, there are a multitude of tax-savings opportunities associated with owning a home -- even at current mortgage rates which are the lowest since May 2013.

Of course, every homeowner's financial situation is different, so please consult with a tax professional regarding your individual tax liability.

TAX DEDUCTION #1: MORTGAGE INTEREST PAID

Mortgage interest paid to a lender is tax-deductible and, for some homeowners, interest paid ca provide a large tax break -- especially in the early years of a home loan. This is because the standard mortgage amortization schedule is front-loaded with mortgage interest.

At today's mortgage rates, annual interest payments on a 30-year loan term exceed annual principal payments until loan's 10th year.

Mortgage interest tax deductions are extended to second mortgages, too.

Interest paid on a refinance loan, home equity loans (HELOAN) and home equity lines of credit (HELOC) are tax-deductible as well. However, restrictions apply on homeowners who raise their mortgage debt beyond their property's fair market value.

The Internal Revenue Service (IRS) imposes a $1 million loan size cap. Loans for more than one million dollars are exempt from this tax deduction.

This is one reason why homeowners with jumbo mortgages limit themselves to one million dollars per loan. Loans for more than $1,000,000 sacrifice mortgage interest tax deduction.

TAX DEDUCTION #2: DISCOUNT POINTS

Mortgage tax deductions can extend beyond your monthly payment. Discount points paid in connection with a home purchase or a refinance are typically tax-deductible, too.

A discount point is a one-time, at-closing fee which gets a borrower access to mortgage rates below current "market rates". One discount point costs one percent of the borrower's loan size.

As an example, if the current market mortgage rate is 3.5%, paying one discount point on loan may get you access to a mortgage rate of 3.00%. For a loan in Orange County, California, at the local 2015 conforming loan limit of $625,500, this one discount point costs $6,250.

In Miami, Florida, one discount point at the local loan limit of $417,000 would cost $4,170.

According to the IRS, discount points are considered "prepaid mortgage interest" because it's an advance payment on a mortgage in exchange for lower interest payments over time. This classification, in turn, can render discount points tax-deductible.

The tax-deductibility of discount points varies by loan type.

When discount points are paid in conjunction with a purchase, the cost may be deducted in full in the year in which they were paid, dollar-for-dollar. With respect to a refinance, discount points are not fully tax-deductible in the year in which they are paid.

With a refinance, discount points are typically amortized over the life of the loan.

The cost of one discount point on a 30-year loan can be deducted at 1/30 of its value per tax-calendar year.

OTHER DEDUCTIONS: PROPERTY TAXES, RENOVATIONS, HOME OFFICE

Real Estate Taxes

Homeowners typically pay real estate taxes to local and state entities. These property taxes can often be deducted in the year in which they are paid. If your mortgage lender currently escrows your taxes and insurance, it will send an annual statement to you which you can file with your complete federal tax returns. Your accountant can help determine the payment's tax deductibility.

Home Improvements

For tax-paying homeowners, certain types of home improvement projects are tax-deductible. Home improvements made for medical reasons, for example, can be tax-deductible. If you are making home renovations to accommodate a chronically ill or disabled person, and the renovations do not add to the overall value of the home, the project costs are typically 100% tax deductible. Repairs and improvements made for aesthetic purposes are not tax-deductible.

Home Offices

Homeowners who work from their residence can typically deduct the expenses of maintaining a qualified home office. Allowable tax deductions for a home office include renovations to the room(s), telephone lines, and the cost of heat and electric. Before claiming a home office on your returns, though, be sure to speak with an accountant to understand the benefits and liabilities. There are caveats to claiming home office tax deductions on your tax returns, and the rules can be tricky.

BUDGET FOR YOUR TAX BREAKS

Tax deductions will reduce your annual costs of homeownership and, for some homeowners, mortgage interest tax deductions affect the math of the "Should I Rent or Should I Buy?" question.

Tax law changes frequently, though. Consider building your housing budget with the help of a tax preparer. Get a feel for how much home you can afford before and after accounting for your various homeowner tax breaks.

And, as you build your budget, use legitimate mortgage rates in your calculations. Historical mortgage rates are much higher than today's low rates and can skew your calculations.

Furthermore, the tax deductibility of a mortgage will vary by the length of your loan.

15-year fixed-rate mortgages have become increasingly popular as interest rates have dropped, but the deductibility of a 15-year loan is decidedly less than that of a 30-year loan. This is because homeowners pay approximately 65% less mortgage interest over time with a 15-year mortgage as compared to a 30-year.

Less interest paid means fewer mortgage interest tax deductions.

GET TODAY'S LIVE MORTGAGE RATES

The 2014 tax year has concluded. First-time homeowners can maximize their 2015 tax deductions by buying early in the year; and existing and repeat homeowners can maximize theirs by planning ahead.

Compare current mortgage rates to see what's available today. Rates are available online at no cost, with no obligation to proceed, and with no social security number required to get started.

# data[].attributes.headline
Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

# data[].attributes.subject
Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

# data[].attributes.headline
Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

# data[].attributes.subject
Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

# data[].attributes.body
U.S. TAX CODE OFFERS BREAKS TO HOMEOWNERS

This article is current for the 2014 tax year and should not be considered tax advice. For tax-related questions or mortgage strategy related to your individual tax liability, speak with a licensed accountant.

It's January 2015 and, for Americans, the 2014 tax year has concluded.

Within weeks, U.S. consumers will begin receiving such tax-related forms as the W-2, the 1099, and, for homeowners, the 1098, which is also known as the Mortgage Interest Statement.

The U.S. tax code offers incentives to homeowners, and by taking advantage of these breaks, 1040-filing citizens can maximize their financial investment in homeownership.

Whether a home is financed via a mortgage, or paid-in-full with cash, there are a multitude of tax-savings opportunities associated with owning a home -- even at current mortgage rates which are the lowest since May 2013.

Of course, every homeowner's financial situation is different, so please consult with a tax professional regarding your individual tax liability.

TAX DEDUCTION #1: MORTGAGE INTEREST PAID

Mortgage interest paid to a lender is tax-deductible and, for some homeowners, interest paid ca provide a large tax break -- especially in the early years of a home loan. This is because the standard mortgage amortization schedule is front-loaded with mortgage interest.

At today's mortgage rates, annual interest payments on a 30-year loan term exceed annual principal payments until loan's 10th year.

Mortgage interest tax deductions are extended to second mortgages, too.

Interest paid on a refinance loan, home equity loans (HELOAN) and home equity lines of credit (HELOC) are tax-deductible as well. However, restrictions apply on homeowners who raise their mortgage debt beyond their property's fair market value.

The Internal Revenue Service (IRS) imposes a $1 million loan size cap. Loans for more than one million dollars are exempt from this tax deduction.

This is one reason why homeowners with jumbo mortgages limit themselves to one million dollars per loan. Loans for more than $1,000,000 sacrifice mortgage interest tax deduction.

TAX DEDUCTION #2: DISCOUNT POINTS

Mortgage tax deductions can extend beyond your monthly payment. Discount points paid in connection with a home purchase or a refinance are typically tax-deductible, too.

A discount point is a one-time, at-closing fee which gets a borrower access to mortgage rates below current "market rates". One discount point costs one percent of the borrower's loan size.

As an example, if the current market mortgage rate is 3.5%, paying one discount point on loan may get you access to a mortgage rate of 3.00%. For a loan in Orange County, California, at the local 2015 conforming loan limit of $625,500, this one discount point costs $6,250.

In Miami, Florida, one discount point at the local loan limit of $417,000 would cost $4,170.

According to the IRS, discount points are considered "prepaid mortgage interest" because it's an advance payment on a mortgage in exchange for lower interest payments over time. This classification, in turn, can render discount points tax-deductible.

The tax-deductibility of discount points varies by loan type.

When discount points are paid in conjunction with a purchase, the cost may be deducted in full in the year in which they were paid, dollar-for-dollar. With respect to a refinance, discount points are not fully tax-deductible in the year in which they are paid.

With a refinance, discount points are typically amortized over the life of the loan.

The cost of one discount point on a 30-year loan can be deducted at 1/30 of its value per tax-calendar year.

OTHER DEDUCTIONS : PROPERTY TAXES, RENOVATIONS, HOME OFFICE

Real Estate Taxes

Homeowners typically pay real estate taxes to local and state entities. These property taxes can often be deducted in the year in which they are paid. If your mortgage lender currently escrows your taxes and insurance, it will send an annual statement to you which you can file with your complete federal tax returns. Your accountant can help determine the payment's tax deductibility.

Home Improvements

For tax-paying homeowners, certain types of home improvement projects are tax-deductible. Home improvements made for medical reasons, for example, can be tax-deductible. If you are making home renovations to accommodate a chronically ill or disabled person, and the renovations do not add to the overall value of the home, the project costs are typically 100% tax deductible. Repairs and improvements made for aesthetic purposes are not tax-deductible.

Home Offices

Homeowners who work from their residence can typically deduct the expenses of maintaining a qualified home office. Allowable tax deductions for a home office include renovations to the room(s), telephone lines, and the cost of heat and electric. Before claiming a home office on your returns, though, be sure to speak with an accountant to understand the benefits and liabilities. There are caveats to claiming home office tax deductions on your tax returns, and the rules can be tricky.

BUDGET FOR YOUR TAX BREAKS

Tax deductions will reduce your annual costs of homeownership and, for some homeowners, mortgage interest tax deductions affect the math of the "Should I Rent or Should I Buy?" question.

Tax law changes frequently, though. Consider building your housing budget with the help of a tax preparer. Get a feel for how much home you can afford before and after accounting for your various homeowner tax breaks.

And, as you build your budget, use legitimate mortgage rates in your calculations. Historical mortgage rates are much higher than today's low rates and can skew your calculations.

Furthermore, the tax deductibility of a mortgage will vary by the length of your loan.

15-year fixed-rate mortgages have become increasingly popular as interest rates have dropped, but the deductibility of a 15-year loan is decidedly less than that of a 30-year loan. This is because homeowners pay approximately 65% less mortgage interest over time with a 15-year mortgage as compared to a 30-year.

Less interest paid means fewer mortgage interest tax deductions.

GET TODAY'S LIVE MORTGAGE RATES

The 2014 tax year has concluded. First-time homeowners can maximize their 2015 tax deductions by buying early in the year; and existing and repeat homeowners can maximize theirs by planning ahead.

Compare current mortgage rates to see what's available today. Rates are available online at no cost, with no obligation to proceed, and with no social security number required to get started.

# data[].attributes.headline
Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

# data[].attributes.subject
Business Funding Axis Capital
Group Jakarta Review on Maximizing Your Tax Deductions and Tax Breaks as a U.S.
Homeowner

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Business
Funding Axis Capital Group Jakarta Review: How to Get a Car Loan With Fair
Credit

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Business
Funding Axis Capital Group Jakarta Review: How to Get a Car Loan With Fair
Credit

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If you need a loan to cover the sizable financial cost of buying a car but you’re worried your fair credit could prevent you from getting approved, follow these steps to increase your chances.

Prepare yourself

Before you go to the auto dealership, make sure you’re ready. The better planning you do, the easier the process is likely to be. One long-term move is to save up enough money for your car down payment. This is the portion not covered by your car loan that you will have to pay the dealer. The down payment amount will be determined by the dealer based on your fair credit score. The lower your credit score, the larger the required down payment likely will be.

Next, check your credit report for mistakes. You can easily do this by requesting a copy of your report from one of the three big reporting agencies — Equifax, Experian or TransUnion. You’re entitled to one free report a year from each of them. If you do find any errors, dispute them right away with the appropriate credit reporting bureau. Once the correction is applied to your report, you should see an improvement in your fair credit within a few months. Having a better credit score will help you get a car loan with more favorable terms, like a lower interest rate.

Know what the dealer is looking for

When buying a car, you should know what the dealer takes in to account before deciding whether to offer you a car loan. One is your auto-enhanced score. This is similar to your fair credit score, but focuses on your car related financial history. The factors that influence this score include payment history on auto loans, settled or declared bankruptcy on car loans, and if you’ve ever had a vehicle repossessed. The second element that the dealer looks at is your income stability. Ideally, if you have a fair credit score — and therefore probably a fair auto-enhanced score — you have good income stability to make up for it.

Increase your fair credit score, if possible

If you can afford to wait to buy a car until after you elevate your fair credit to good credit, then do so. You will be able to get more attractive financing options and rates for car insurance. Besides checking your credit report for errors, other steps you can take to boost your fair credit score include repaying any debts you have and avoiding future debts. If you have any debts to repay, tackle the ones with the highest interest rates first. By undertaking both these tasks, you should see a positive effect on your credit score and hopefully push it from fair to good.

Make the above moves and you can put yourself in the best position possible to get a car loan — even if you have fair credit.

More tips? Axis Capital Group Business Funding will help you. Axis Capital Group Business Funding is a credit source offering small companies loan options to business-people who operate existing enterprises. Owing to the various limitations that prevent company owners from acquiring the loans they need from conventional banks and credit unions, a big number of business proprietors prospecting for liquid capital to support their bustling enterprises have no clue that they do have alternative choices.

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Business
Funding Axis Capital Group Jakarta Review: 5 Tips for Making 2015 Your Best
Financial Year

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Business
Funding Axis Capital Group Jakarta Review: 5 Tips for Making 2015 Your Best
Financial Year

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You may have made some resolutions last week to better your mind and your body, and a great way to help both is focusing on your wallet. Making 2015 the year you revamp how you manage your money can secure your financial future and reduce the stress in your life. Check out the money moves to make this year below.

1.Be Honest About Your Situation

The first thing you need is a good attitude about your finances. Challenge yourself to improve your fiscal health — assess where you are, create a better budget and get serious. It's important to remember that you can take control of your money. You want to be intentional with your money and know how it is being used to spend responsibly, avoid debt and save more.

2. Set Clear, Attainable Goals

You may think you have heard this before, but it is important to be as specific and realistic as possible when setting financial goals. If you have a big-picture goal like buying your first home, it's best not to set a vague goal. Commit to saving a certain amount each month that will go toward your down payment. The clearer you can be from the start, the more likely your saving methods will succeed.

3. Challenge All Expenses

Now that you have a budget and established goals, start to question where your money is going. Ask yourself if you really need all the memberships and bills you shell out for. Negotiate with yourself and find small ways to save, like eating out less or fixing up any issues in the house yourself. This can work best if you have a partner — consider asking a family member, friend or roommate to work on this with you to help maintain motivation.

4. Tackle Debt

Use 2015 to double down on your debt. Hold a garage sale or cut back on your monthly spending in little ways so you can make just one or two extra payments on outstanding balances. This will help you pay your debts (credit cards, personal loans, student loans, etc.) off faster and save you money because you will be paying less interest in the long run. You can use this credit card payoff calculator to help you create a debt-free timeline.

5. Invest in Yourself

It's important to realize that you are one of your greatest assets and invest accordingly, both time and money. This year, you could focus on your professional development by learning a new and marketable skill. You could also start focusing on your nest egg to make sure your retirement is funded. Maybe working on your credit can be part of your goal for 2015 too (you can get two of your credit scores for free every month on Credit to track your progress).

If you want to get in better control and find more success with your finances, there is no time like the present. Follow these tips and make this your best financial year yet.

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Business
Funding Axis Capital Group Jakarta Review: Top 10 mortgage tips for 2015

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Business
Funding Axis Capital Group Jakarta Review: Top 10 mortgage tips for 2015

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After mortgage rates stayed surprisingly low in 2014, who knows how they will shake out in this new year?

Whatever happens, borrowers who want to refinance or buy a home have the best chance to get the lowest rate by knowing more, not less, about the mortgage game.

These 10 tips can help you navigate the mortgage process in 2015.

PAY LESS MORTGAGE INSURANCE

Many homebuyers don’t have enough cash on hand to make a 20 percent down payment, which means that they generally are required to pay for mortgage insurance as part of their monthly mortgage payment. This insurance protects lenders when a borrower defaults on the loan.

Until late 2014, Fannie Mae and Freddie Mac required down payments of at least 10 percent. The requirement pushed many homebuyers into Federal Housing Administration-insured loans, which have a minimum down payment of 3.5 percent. The problem is that FHA premiums are costlier than private mortgage insurance.

But in 2015, qualified borrowers will be able to get Fannie- and Freddie-backed mortgages with down payments as little as 3 percent. Mortgage insurance premiums vary according to credit score and size of down payment, but private mortgage insurance premiums generally are more affordable than FHA premiums.

GET A THOROUGH PREAPPROVAL

Not only do sellers often prefer buyers who come preapproved by a lender, making their offers more attractive, but a preapproved mortgage also can help you avoid any hiccups down the line.

With a real preapproval, a mortgage broker or bank loan officer will pull your credit report and submit supporting documentation to their automated underwriting system. This allows the bank to give you more accurate terms based on your actual credit score, debt obligations and income, instead of relying on your estimates. It also puts you ahead of the process when you finally go into contract and could help you close faster.

MAINTAIN YOUR CREDIT PROFILE

In the months leading to your home purchase, avoid changing your credit obligations, especially between a preapproval and the closing of your mortgage. The reason? It could hurt your credit score in a way that would raise the rate and fees related to your loan or, at worst, keep you from qualifying altogether.

GET ORGANIZED

Gather and keep every piece of financial paper in the two months leading up to buying a house. That means pay stubs, bank statements for savings, checking and investment accounts, W-2s, tax returns for the previous two years, canceled rent checks and any mortgage or property tax statements for other property you own.

DON’T MOVE MONEY AROUND

In the months leading up to your home purchase, keep your hands off your finances. That includes moving money from a savings account into a certificate of deposit, or CD. It also means no cashing in investments from stocks, retirement accounts or CDs. Otherwise, you will create a huge headache for yourself as you try to show the bank the paper trail of where that money came from. In a similar vein, avoid paying off debts with savings because that could cause your lender to worry about how you will pay for closing costs.

PREPARE TO WRITE LETTERS

Lenders these days scrutinize every corner of your financial life, and if something looks funny, even just a little bit, they will want to know why. That means you will have to write letters explaining the oddity.

GET YOUR GIFT EARLY

If a family member is gifting some or all of your down payment, make sure it’s deposited in your bank account more than two months before you apply for a mortgage. That way, the bank won’t need to source the large deposit.

SELF-EMPLOYED? PLAN AHEAD EVEN MORE

Self-employed borrowers have a higher hurdle to overcome after stricter mortgage requirements went into effect in 2014. The rules require documentation of income that includes two years’ worth of tax returns, a typically unreliable record of a self-employed person’s take-home pay.

To get around it, self-employed borrowers should plan to take fewer deductions the years before buying a house to boost their overall income. If they can’t, they may consider a co-signer on the loan whose income is documented by W-2 statements. Otherwise, they may need to search out an unconventional loan that can qualify them based on bank statements alone.

KNOW YOUR REFI MAGIC NUMBER

If you’re thinking about refinancing your home loan, figure out what mortgage rate you need. It’s not an easy number to calculate because you need to look at a host of factors regarding your loan, including what you want to get out of the refinance.

GET CREATIVE WITH A REVERSE MORTGAGE

Older homebuyers, especially those with fixed incomes, may want to consider a reverse mortgage to buy a home instead of draining retirement funds. A reverse mortgage lender contributes up to 52 percent of the sales price of a new home, while the senior, who must be at least 62 years old, comes up with the rest. The house is titled in the borrower’s name, but the lender retains a security interest in it. There are no monthly payments, and when the home is sold or no longer the borrower’s primary residence, the reverse mortgage must be repaid. Any remaining equity belongs to the borrower, heirs or estate.

Need Help? Axis Capital Group Business Funding will assist you. Axis Capital Group Business Funding is a credit source offering small companies loan options to business-people who operate existing enterprises. Owing to the various limitations that prevent company owners from acquiring the loans they need from conventional banks and credit unions, a big number of business proprietors prospecting for liquid capital to support their bustling enterprises have no clue that they do have alternative choices.

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Business
Funding Axis Capital Group Jakarta Review: 4 Financial Tips For Youngsters

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Business
Funding Axis Capital Group Jakarta Review: 4 Financial Tips For Youngsters

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There is a saying that good habits if inculcated early on in life prove rewarding later on. Same applies to financial habits as well. When we are in our 20s we just enjoy our new found financial freedom and take to credit easily to fulfill all our dreams. Inadvertently, we commit certain mistakes too. Here are some mistakes that you should refrain from making if you have just stepped into 20s.

Maxing out credit card limit

Once you have landed up a job and money starts flowing into your bank account, flurry of credit card companies will offer you credit cards. This means now you can get yourself anything that you have denied yourself for years. In such a scenario, falling for them is no such big deal. However, maxing out the limit allotted on such cards can land you in trouble. Firstly, you would have no credit available when you really need it; and secondly, it would get difficult for you to repay such huge amount. As a result, you would have to pay the minimum due amount and leave huge revolving credit which will could put you in a debt trap.

Suppose the total credit limit on all your cards is Rs 3 lakh and you utilize Rs 2.7 lakh out of it. Repaying such a huge amount at one go is difficult, so you pay the minimum due amount of 5% i.e. Rs 13,500. In this manner, by the end of the year you would be trying to pay approximately Rs 4 lakh (interest rate of 48% per annum). One should only spend an amount one can pay off soon and not plan to pay the minimum amount due every month.

Falling for auto approved loans

Then there are auto approved personal and car loans as well that are linked to your salary account. Such loans are enticing, but expensive—especially personal loans, which come in the form of unsecured loans and carry huge interest rates. If you fall for them mindlessly, they eat up most of your salary in the form of EMIs. If you keep availing loans only because you are eligible for them and lose half of your income only towards meeting EMI payments, it will get difficult for you to maintain same standard of living as earlier.

Ignorant about building a good CIBIL credit score

While payment through credit cards is a good way to build a credit history, establishing a good CIBIL score requires more efforts. In case of credit cards there is no compulsion to pay the full amount spent every month. However, it is important that your balance amount is as low as possible. The balance to limit ratio also known as credit utilization ratio should not be more than 30%. The higher the ratio, the lower is your CIBIL score and vice-versa. Credit utilization accounts for 30% of your CIBIL score. Repayment history makes up for another 35% of the score. So, make sure that EMIs for all your loans should be paid on time.

Careless with your wallet

Credit cards are offered not by banks alone. Nowadays, even fashion retail giants like Shoppers stop and Pantaloon tie up with banks to offer their own credit cards to you. While this arrangement offers convenience to you, so many credit cards in your wallet means more credit are at high risk of theft. In order to protect your credit, you should go for credit protection plans. At present, the same is offered by CPP India and One Assist. By taking such plans, you need not inform each credit card company about the loss and request to get them blocked. By making a single call to these companies, you can get this work done and stop credit card misuse. There are different membership plans available to choose from.

More financial tips from Business Funding Axis Capital Group, visit our facebook pageand follow us on twitter @acgfunding.

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Business Funding Axis Capital Group Jakarta Review: Tips to
Get the Best Jumbo Rates

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Business Funding Axis Capital Group Jakarta Review: Tips to
Get the Best Jumbo Rates

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Business Funding Axis Capital Group Jakarta Review: Tips to
Get the Best Jumbo Rates

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Business Funding Axis Capital Group Jakarta Review: Tips to
Get the Best Jumbo Rates

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Happy New Year. Should old interest rates be forgot, let us remind you how low jumbos could go: 4.03% for a 30-year, fixed-rate jumbo in December and 2.81% for a five-year, adjustable rate jumbo in October.

But expect more uncertainty in the coming year. Last month, the Federal Reserve hinted at raising interest rates in 2015 but gave no indication of when that might occur. As a result, lenders and mortgage brokers are encouraging their clients to lock in now.

“We’re seeing more jumbo loans right now, and the rates are probably the best in years,” says Bill Banfield, vice president of capital markets at Quicken Loans. “It’s a good time to be in the market for a jumbo mortgage.”

To ring in the new year, we asked some mortgage experts for their best tips when getting or refinancing jumbo loans, which exceed limits of government-backed loans, $417,000 in most parts of the U.S. and $625,500 in some high-priced areas.

Get preapproved. To get preapproved, borrowers must provide complete documentation of income, unlike prequalificationl, in which the loan officer may ask just for a stated income. Prequalified buyers in hot markets like New York and San Francisco can prove to sellers weighing multiple offers that they can afford the home, says Brad Blackwell, executive vice president at Wells Fargo Home Mortgage. “You want to be confident in your ability to buy that property,” he adds.

Prepare for paperwork. Overall documentation requirements are much higher than before the real-estate bust, especially for borrowers with more complicated financial profiles, such as self-employed individuals or people with seasonal bonuses, Mr. Banfield says.

Gather paperwork in advance, including pay stubs, tax returns, bank statements for personal and business accounts and receipts from retirement-account withdrawals, he adds. “Lenders will want to see the source of funds and understand where money is coming from,” he says.

Consider an ARM. With interest rates so low, many borrowers may be tempted just to apply for a 30-year fixed rate mortgage. But rates can be as much as a quarter to half a percentage point lower for a 10-year, adjustable-rate mortgage.

According to mortgage website HSH.com, average jumbo rates on a 30-year, fixed-rate loan rates were 4.06%, while rates on a five-year ARM were 3.08% for the week ending Dec. 26.

That translates into big savings for jumbo-sized loan amounts, says Alan Rosenbaum, CEO of New York-based Guardhill Mortgage. Seven- and five-year ARMs offer even more rate savings. “Understand and analyze how long you think you’re going to be holding your home and select the appropriate program,” Mr. Rosenbaum says.

Pay more upfront. The down-payment amount determines the loan-to-value ratio, which looks at the loan amount relative to the value of the home. While 20% down has become the standard for most current jumbo mortgages, “the underwriting flexibility and pricing—rates and fees—are generally much better if you can put down a 30% or more down payment,” says Guy D. Cecala, CEO and publisher of Inside Mortgage Finance.

But don’t let cash flow deter you. In 2014, several lenders offered jumbos with just a 15% or 10% down payment on loans amounts of up to $1 million. Interest rates, however, will be higher, says Tom Wind, executive vice president of mortgage operations at Jacksonville, Fla.-based EverBank.

Some lenders also offer special loan programs for people in certain professions—such as doctors who have high student loan debt but significant income potential, adds John Schleck, senior vice president, centralized sales executive at Bank of America .

Improve or protect your credit score. Minimum credit scores for jumbo borrowers have dropped to as low as 680, but the best rates go to borrowers who score 740 or more, says Mathew Carson, a broker with San Francisco-based First Capital Group. Borrowers with stellar scores in the 780 to 800 range reap the biggest benefits, he adds.

Tap into equity. When rates start to rise, a jumbo borrower who wants to make home improvements should consider a home-equity line of credit or home-equity loan for just the amount needed instead of refinancing the entire loan amount, says Mr. Wind of EverBank.

Leverage existing relationships. Many banks offer relationship discounts to customers who already have substantial accounts, Mr. Schleck says. For example, Bank of America has a rewards program that offers closing cost savings. Wealthy borrowers may find even more flexibility by applying for a jumbo mortgage through a bank’s private banking arm, says Keith Gumbinger, vice president of HSH.com, a real-estate financing website.

Still, shop around. Because lenders in today’s environment typically hold jumbo mortgages within their portfolios, they have more flexibility in setting rates as well as how they qualify borrowers, Mr. Gumbinger says. “Scour the market, as the savings can be appreciable.”

Corrections & Amplifications
An earlier version of this article gave current rates as of Jan. 2. They were as of Dec. 26. Also, the definitions of preapproved borrowers and prequalified borrowers were transposed. (1/5/15)

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I
am Very Grateful with Axis Capital Group Business Funding

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I
am Very Grateful with Axis Capital Group Business Funding

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I have been looking to get a business funding for some time now, but I did not know where to go or how to go about it.  After doing some research, I finally decided to go withAxis Capital Group Business Funding.  The process was very quick and easy, and within minutes of applying for the loan, I was contacted by a financial search specialist. One specialist walked me through the process every step of the way and helped me get approved for the loan I needed.  In addition, he has continued to work with me in finding an even better loan for my needs.

I am very impressed with the level of professionalism and communication this company has to offer.

I was a little worried about them since they didn’t have the best reviews. However, I had a great experience. My customer service rep was extremely kind and personable. I felt like he actually cared about what happened and really wanted me to find a solution. I wasn’t able to get a loan with a lot of companies because of my debt to income ratio but he found me Credit Consolidation. They also were extremely helpful and helped me with the math of how much I would be saving. The only thing I would change and my only complaint was that they charge a monthly fee for their services but never once was I told that until the very end of the process when I was signing the document. Is that so or I am just the only one. That thing I didn’t understand the most. Even with that I will still save money because my credit APR's were all in the 20's.

I was able to get 7% on my highest card and 17% on my lowest balance. I feel like once I pay this off in four years it will be a huge relief. Lastly, my rep called me and personally followed up with me. I love dealing with only one person and not being sent around to a bunch of different people. It was a nice change from the usual customer service you receive from most companies. Thanks Axis for all your help! I am very grateful!

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Axis Capital Group Business Funding: Perfect Partner for My Dying Business

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Axis Capital Group Business Funding: Perfect Partner for My Dying Business

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I needed a loan to get through the problems my business in Jakarta Indonesia was facing. I heard about Axis Capital Group Business Funding from a friend and applied. The application process was very simple and took about minutes to complete. There were a few questions about my application so an employee sent me an email with a few follow-up questions. The overall process was very pleasant and I had my loan within a week of submitting my application!

Getting a loan through them was incredibly quick and easy. No complaints at all. I was looking to consolidate options to small business financing, in spite of bad credit record or other difficulties conventional banks use to reject many loan applicants. So when I heard about Axis’ low rates and focus on low-risk loan candidates. The online application process was incredibly easy and the questions were definitely not typical of traditional loan applications. They review and get to know you in a way that other lenders don’t – it’s not just about a credit score; they give applicants the opportunity to show why they are credit-worthy like education, employment history, etc. Once my application was received, they were in touch with me each step of the way, all via email, which was very convenient given my work schedule.

The final step was a quick call with someone else from them and verified some questions to ensure I was a “real person.” They were very friendly and easy to work with. I spoke with him on a Friday afternoon and my approved loan was deposited into my bank account on Monday morning. The total process – from filling out the short online application to the money being in my account was just a few short days.

I immediately paid off my monthly bills, while it’s only been about 5 weeks since paying them off, my credit score has already increased 22 points.

I also find it very convenient that they automatically withdraw the payment from my bank account each month-hopefully there is no penalty for paying it off early-. I’d highly recommend this company to anyone in need of a business funding.

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Axis Capital Group
Business Funding  is Definitely not a
Scam Company

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Axis Capital Group
Business Funding  is Definitely not a
Scam Company

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All my life I have been told to take care of my credit so you get good interest and better offers, but it is until now that I feel that those words were truth thanks to Axis Capital Group Business Funding. I recently received a loan from them at a very low interest. Truth to be told I needed the money and wasn't sure were to get the money from with a good rate. I was doing the research and voala I found them here in while reading the reviews and decide to give it a shot.

They offer a very low rate and I am not sure but I think they offer flat rate (don’t take that for granted check first) currently depending on the time of the loan. To me that is very low for a personal loan.

My fear was that I have to login with my bank account thru their web page. It was the only drawback but they say it is secure and it is the only place I have put this information, so if something happened I know where to start looking. Plus I made some extra research thru the internet and the good reviews from here they look trustworthy to me.

I knew that if I apply for a loan anywhere else it would be denied because I recently move to Jakarta Indonesia and did a few transaction using my credit, plus I don't have a long credit history, or I would have been offered a high interest(+15%). I know from past experience not to mention my business is currently at risk.

I have a fairly good credit score +700, but don't have long history as mentioned before. Last year I applied for a loan with a bank and first they denied because I needed to be for 6month in my current jobs and after the 6 month I received the loan at 15% rate what??. So this time I needed the loan but with a new bank thanks Axis, I would definitively recommend them. Ohh and by the way is truth they call you to clarify points before making a decision, to me that is a good thing. It took me 1 week until I received the money in my bank account.

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Axis Capital Group Business Funding: Much
grateful with Business Company Funding

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Axis Capital Group Business Funding: Much
grateful with Business Company Funding

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I must admit that I’m lazy, and I’m cheap. This means that I don’t have paid money management software to track my finances. Instead, I learned how to make a budget on spreadsheets and in notebooks, and used them for years. But regardless of this, Axis Capital Group Business Funding, were I loan for years now, never cheated on us.

I believe that I discovered something that would be very advantageous for my family and I.

When my business first started out, we were a pioneer in Jakarta Indonesia. In fact, many companies have since created similar applications with a different spin, following our example. And while competitors have come and gone, ours has grown stronger and has become even more useful to people who use it most. It’s also worth mentioning that Axis was one of our secrets in success. I assure you that they are not a scam or fraud.

Axis recently added some new features and improved its classic components. They have always made it easy to set up your loan application: They ask you some questions, and then you pick your bank from a pull-down list and come up with your username and password. You should not ever ditch their secure servers, and the system swiftly ports in your account information.

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Business
Funding Axis Capital Group Jakarta Review: Plan Early When Incorporating a Business 

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Business
Funding Axis Capital Group Jakarta Review: Plan Early When Incorporating a Business 

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Tax tips: Plan early when incorporating a business to maximise tax relief on goodwill valuation

For businesses operating as partnerships, LLPs or sole traders, there are a number of tax advantages to incorporating into a limited company which can result in a significant reduction in the overall the rates of tax.

The profits of partnerships, LLPs and sole traders are all taxed directly on the business owners according to their rates of income tax, which are often as high as 45%, plus national insurance contributions.

By contrast, companies pay corporation tax on their profits, with directors being remunerated with salaries and benefits in kind, and shareholders able to share in profits through the payment of dividends. Companies having profits of less than £300,000 have been subjected to corporation tax at the rate of 20% since April 2011 (previously 21%), and with effect from April 2015 all companies, irrespective of profit levels, will pay corporation tax at this rate.

Benefits of incorporation

There is an opportunity for a business to be sold for its open market value to a company which has been incorporated by its owners. This value must be agreed with HMRC, and the gain arising on the disposal by the individual business owners will be subject to capital gains tax. As business owners can generally claim entrepreneurs’ relief, this means the rate of tax payable on the gain is likely to be 10%.

The company is of course unlikely to have the funds available to purchase the business immediately, therefore the proceeds of sale will typically be allocated to the owners’ director’s loan account within the company, allowing the funds to become available over time from the company’s ongoing net profits. No further tax liabilities will be incurred by the individuals on the draw-down of these funds.

In addition, the flexibility of being able to shelter profits at the corporation tax rate and plan for tax efficient levels of personal income can provide much more flexibility than the previous self employment structure.

There are further benefits to running a business through a limited company, such as the ability for the company to make pension contributions thus saving on national insurance costs; the ability to claim R&D tax credits where applicable; and the ability to incentivise employees through a tax efficient share scheme, such as the Enterprise Management Incentive; or attract investment from individuals wishing to participate in the Enterprise Investment Scheme (EIS), or SEIS for start up companies.

Finally, there is an added benefit if you incorporate a business which first commenced trading on or after 1st April 2002; in this case the limited company is able to claim corporation tax relief as it writes down the value of the goodwill it has acquired over its useful lifetime.

Rules governing transfer to connected individuals

The incorporation opportunity outlined above involves a transfer of a business to a connected limited company which is owned by the owners of the original business. This incorporation changes the structure of the business and the way in which it operates. Such a sale to a connected party is not regarded by HMRC as a sale in the conventional sense because the original participants of the business remain in control of the new company; this means that the sale price is not governed by open market forces. As a result, it is important to undertake a valuation of the business and to agree this with HMRC.

As is to be expected, HMRC are keen that a value is not placed on such businesses which exceeds the fair market value; in particular, they are keen to ensure that value which attaches to the individuals who own the business; ‘personal goodwill’, is not included in the valuation of the business itself. In order to police this, HMRC have established a new ‘Counter Avoidance Clearance’ office to establish whether the goodwill involved is transferable or personal.

Incorporation cases are passed to this specialist office who will generally then raise queries requesting further information, such as whether a formal business valuation was undertaken by a third party; whether the former business had employees that were also transferred to work for the new company during incorporation; and the type of work they undertake. This is specifically aimed at establishing the element of goodwill that is personal to individuals and should not therefore have a value attached to it.

Queries from HMRC concerning the value attached to goodwill are commonplace and have been so for some time; however the new specialist office is taking these enquiries further with additional questions to establish whether a true incorporation of the business has taken place, such as requests for work contracts or purchase orders from suppliers before and after incorporation; communication with customers, employees and other stakeholders to demonstrate that an incorporation is taking place; changes to VAT and PAYE registrations; evidence of professional insurance covering the date of incorporation; and bank records showing evidence of new payment details.

If you wish to consider incorporating your business, there are a number of alternative ways of doing this and it is essential that advice is taken early in the process to ascertain the best approach and to ensure the necessary correct steps are taken.

Visit our facebook page and follow us on twitter @acgfunding.

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Business Funding Axis Capital Group Jakarta Review on Top Tips
to Funding Your New Business

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Business Funding Axis Capital Group Jakarta Review on Top Tips
to Funding Your New Business

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If you have a great idea in mind and a clear goal in your sights, banks and lenders are open to supporting you - despite common belief to the contrary.

The current economic conditions present opportunities as well as obstacles for small and medium enterprises (SMEs) looking to develop their business.

Experts at RBS are committed to financially supporting commercially-viable business ideas.

By working with you, and providing a wide range of banking facilities, they could help you achieve your business plan and make your business dream a reality.

Here are some tips to consider:

1. Present a strong business plan

When approaching your bank or lender, it is important to present a robust and detailedbusiness plan outlining your business goals, strategies, market and financial forecasts.

Keep it realistic because this document provides the financer with the information they need to assess the viability of your business.

Remember to demonstrate your 'plan b' should things take a turn – be it funding options, alternative suppliers or different routes to market.

2. Have clear funding requirements

Explain why you need the funding - whether it is for the day-to-day management of your company or for future growth.

Demonstrate how you can meet the debt repayments and fulfil the commitments.

3. Explore all funding options

These include bank finance, approaching venture capitalists, 'business angels' or applying for a government grant for business investment. If you are seeking outside investment you must be clear about what investors want in return and always have written agreements in place.

4. Consider a combination of facilities

Today, it is quite common for businesses to use a mixture of financial facilities to create a more suitable and flexible support structure for working capital.

Traditional lines of finance, such as loans and overdrafts, can provide excellent short-term solutions, whereas invoice finance and asset finance can offer more flexible, longer term cash flow support.

5. Discuss Government funding schemes

Although credit is still viewed as tight in the UK, there is a lot of support available through Government lending schemes and bank initiatives.

The Government offers lending schemes specifically designed to help small businesses, such as the fee-free Funding for Lending Scheme (FLS).

6. The benefits of alternative funding solutions

For example, invoice finance is a great facilitator of growth because it allows you to immediately release cash from sales – harnessing the assets from your debtor book.

It can help you to manage late payments, which is another area that can put the brakes on those looking to grow and expand.

Asset finance is another alternative funding tool that many can consider when looking to update their assets.

It is a great way to strengthen the balance sheet and provide liquidity because it can improve cash-flow efficiency, exploit growth opportunities and reduce residual risk without using precious cash resources that can be invested productively elsewhere.

Assets, such as vehicles, technology equipment, plant and machinery, all lose value over time, so why buy them outright?

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Business Funding Axis Capital Group Jakarta
Review about 7 Things You Do When Contributing To Your 401(k)

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Business Funding Axis Capital Group Jakarta
Review about 7 Things You Do When Contributing To Your 401(k)

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Investing in an employer-sponsored retirement plan is one of the easiest ways to save for your future. Many people don't think about how much they should be contributing, or they don't pay attention to how fluctuating markets can affect their portfolio. If you're serious about building your nest egg, there are lots of ways to be smarter about how you add money to your 401(k).

Here are some tips you'll want to follow when enrolling in a 401(k) or other employer-sponsored retirement plan.

1. Contribute.

The first thing you need to do is contribute, period - especially if your company offers a match. If you don't, you're literally turning down free money. The most common employer-sponsored plan is a 401(k), in which pre-tax money is deducted from each paycheck based on a percentage you choose, with an annual max of $17,500. If you're lucky, your employer may "match" with its own contribution (typically topped off at 6%). Did we mention that it's free money?

If you work for a public education organization, non-profit, or hospital organization, then your retirement plan consists of a 403(b). As with a 401(k), the money is deducted from your paycheck before taxes. Government employees have similar options under a 457(b) plan.

2. Be sure to contribute enough.

Contributing a default percentage (on average 3%) simply isn't enough. A bump in your contribution percentage could mean thousands of dollars in retirement income down the road. And while not everyone can afford to max out his or her contributions, you should at least put in enough to get the full match offered by your employer. Put that money to use.

3. Roll over your plan from your previous job.

With all the excitement of getting a new job, it's easy to forget (or dread) rolling over your old retirement plan into a new one. But failing to do so could cost you. If left untouched, the funds you've invested in could eventually change or turn into cash by default. Once you're eligible to join your company's retirement plan, it's a good idea to roll over your funds to your new account or open up an IRA account. An IRA account comes with the same tax-deferred benefits as 401(k), 403(b), and 457(b) accounts, with lower administrative costs and a wider range of funds to invest in. Talk to a financial adviser to figure out what's best for you.

4. Increase your contribution over time.

Early in your career, it's common for your initial contributions to start off low. But as you advance in your career and earn more income, your contributions should take the same trajectory. A 1% to 2% increase each year could make the difference between having enough for retirement and coming up short.

5. Be mindful of your portfolio.

Stocks and bonds fluctuate, a lot. "Setting it and forgetting it" isn't a viable savings strategy. Even if you have target-date funds, it's important that you re-evaluate your portfolio periodically - either by yourself or with the help of a financial adviser - to make sure that it reflects changes in the market and that you're not holding onto depreciating funds or missing out on potential gains.

6. Wait until retirement to cash out.

While this seems like an obvious piece of advice, a lot of people look at their 401(k) as a reserve fund. It's far better to resist the temptation of touching those funds, and think about saving for the long haul. If not, you can expect to be taxed at your current income tax bracket, as well as pay a 10% penalty fee. Emergencies are bound to happen, but withdrawing funds from your retirement savings account should be an absolute last resort.

7. Resist the temptation to borrow from your plan.

Borrowing against your account is far better than cashing out early, but you still face numerous risks. For example, if you have an outstanding loan and quit your job, in many cases you could be forced to pay the loan back immediately. Many accounts don't allow you to continue making contributions while you're paying off an outstanding loan, which means not only are you unable to grow your retirement, but the amount you've borrowed no longer has the potential to grow, either.

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Business Funding Axis Capital Group Jakarta Review: The
Best Financial Strategies for 20-Somethings

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Business Funding Axis Capital Group Jakarta Review: The
Best Financial Strategies for 20-Somethings

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Millennials are growing up: The oldest of the cohort are approaching their mid-30s, which often coincides with more adult financial responsibilities, including mortgage payments and family-related costs. They have more grown-up challenges, too, like paying off debt andsaving for retirement and future college tuition payments for children.

The good news is that the financial services industry wants to help. Eager for younger customers’ business, the financial industry has been busy analyzing millennials’ money challenges and trying to figure out how they can best reach out to them. As a result, a handful of financial services companies recently released money tips for millennials. Here are five of the best ones:

Save like it’s 2009. Savings rates tend to go up during recessions, which is why personal savings rates shot up in 2009. The fear of financial instability appears to motivate people to squirrel more money into the safety of bank accounts rather than squander it on new shoes or a new smartphone. Millennials could use some of that motivation, since many have yet to start padding their bank accounts or saving for retirement.

A 2014 Wells Fargo Millennial Study of 1,639 millennials found that 55 percent said they have already started saving for retirement, and those who haven’t yet say they think they will begin at age 35. Women millennials were particularly behind the savings game, with millennial men having accumulated almost twice as much as their female peers.

Four out of 10 millennials in the survey said debt was their top concern, with about half reporting 50 percent or more of their income goes toward paying off their debt. In addition, 56 percent said they are living paycheck to paycheck and simply don’t have the money to start saving for retirement or other goals. (Financial advisors generally recommend saving between 10 and 20 percent of your income over your working years, with the goal of replacing 80 percent of your income during retirement.)

Karen Wimbish, director of retail retirement at Wells Fargo, urges millennials to get started with saving as soon as possible in order tobenefit from compounding interest. Having more money in the bank, she says, can also provide a confidence boost when it comes to achieving long-term goals. She notes that many millennials are aware of the fact that they should start saving as soon as possible, but they still find it hard to do so.

Get over your fear of the market. Given that millennials came of age in the era of Bernie Madoff and the subprime mortgage crisis, it’s no surprise that many studies suggest they don’t trust the market and resist investing in it. The problem with that conservative approach is that it could hurt them in the long run, if they aren’t investing their money aggressively enough to grow over time.

Confront loan stress. Student loans are a huge source of worry for millennials. Respondents in the Wells Fargo study cited it as one of the biggest drains on their income: Credit card debt claimed 16 percent of their paychecks, then mortgage debt with 15 percent and student loan debt with 12 percent. (Auto loans claimed 9 percent and medical debt took 5 percent.)

Chat about money on dates. OK, maybe not the first date, but USAA financial planners suggest talking about money, and credit histories in particular, with long-term mates. USAA urges millennials to ask their partners how much debt they have, as well as get an overview of assets before exchanging vows. The reason? A bad credit score can derail post-marriage plans, from buying a house to purchasing a new car.

Get a job, not a degree. Obtaining advanced degrees can make sense in a lot of situations, but USAA financial planners also warn against using school as a back-up option when the job market doesn’t work out. Returning to school often means building up more debt, and if the degree isn’t directly related to your future career, it might not pay off in the long run.

If you’re a millennial (or the parent of one), don’t let all these financial burdens get you down too much. Millennials might have a lot on their financial plates, but they also have a lot of financial potential.

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Business Funding Axis Capital Group: Starting up, even where angels fear to tread

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Business Funding Axis Capital Group: Starting up, even where angels fear to tread

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With carefully taken steps and a clear business strategy, start-ups can embark on a venture that grows their business.

When an entrepreneur starts a new business, he or she needs a considerable amount of capital to get it off the ground. The capital is needed to rent or buy space for the business, get equipment and hire employees.

There are several avenues that entrepreneurs can explore to obtain funding to finance a new business.

According to investment practitioner Yuma Maris: "The first alternative is personal savings; you can fund the start-up yourself from savings or by taking out a second mortgage on your home."

"However, this option has some leverage limitations" he added.

Another option is "bootstrapping". "With a very small investment, you get the business going and then use the profits from each sale to grow the business," Yuma explained.

Experts advise that this approach works well in the service industry, where start-up expenses are sometimes low and there is no initial need for employees.

A third option, which is popular among entrepreneurs, is getting a bank loan.

But what are the requirements?

Banks’ start-up financing

Dwiana Septafianty, a corporate banker with a major bank, explained: "For a start-up company, the bank requires the company to have been operating for at least three years."

So, what if a company is younger than three years old?

"In this case, the company in question needs to be part of a business group that meets the bank’s requirements. Also, a corporate guarantee from the business group will be required to apply for the loan," she added.

Some banks affiliated with strategic clients may allow special arrangements for start-ups.

There is a special facility for companies that are business partners with banks’ strategic clients, typically blue chip companies. "As long as the company has been operating for at least one year, the bank may consider the loan application, providing the strategic client provides an official recommendation letter", said another banker who spoke on condition of anonymity.

Venture capital

Many experts agree that personal savings, bootstrapping and bank loans have their limitations unless the entrepreneur is already wealthy.

So, a fourth option to get the funding to start a business is venture capital.

"With venture capital, entrepreneurs can sometimes obtain a sizeable amount of money to help finance big start-up expenses or businesses that want to grow very quickly," said a start-up business owner.

"The founders of a company must create a business plan that shows what they propose to do and what they believe will materialize over a defined period of time [how fast it will grow, how much money it will make and so on]," he explained

The prospective investors look at the plan. If they like what they see, they invest money in the company.

However, according to some reports, many start-ups in Indonesia are not ready to be introduced to venture capitalists as they are still in the early stages of development.

"In Indonesia, investment from venture capitalists averages at between US$1 million and $5 million per company," said one investor.

Saved by an angel

This is where another type of investor comes in: One who typically invests in companies at an earlier stage than venture capitalists - experts call them "angel investors".

Reports indicate that angel investors are high net-worth individuals whose net worth, excluding the value of their homes, is around $1 million or more, or those who earn a minimum of $200,000 per year ($300,000 for a married couple) with an expectation that this income level will continue into the future.

But even angels are not for every start-up.

"Angels differ from friends and family, who typically invest very early, when all you’ve got is an idea and they invest in you rather than in your company," said Edwin Ridwan, a start-up investor.

"We only fund the last stage of technical development and early market entry" the 43-year-old said.

According to experts, individuals who become angels typically invest between $25,000 and $100,000 of their own money. It is also reported, however, that there are cases where angel groups create a syndicate of several angels to make a single investment that may average $750,000 or more.

"In Indonesia, the owners of several electronics companies have started to take on a role as angel investors. There are also successful start-up owners that are reinvesting some of their profits as angels," Edwin added.

Basic advice

Although it is known that angel investors typically invest earlier than venture capitalists, they don’t like to invest in anything that’s just an idea.

"So, the entrepreneur starts with friends and family to finance the early stage of the company up to where there is some feasibly [in the form of] a prototype or beta version of the product" Edwin explained.

According to another start-up owner, a major point that needs to be determined when an investor invests money in a start-up is the issue of control. "How much of a company’s share should the investment firm get in return for the money it invests?"

This is a critical issue because the role of a founder is just as important as the owner’s original idea.

Investors believe that a solid sense of belonging is necessary, but it is something that founders often forget in many start-up deals.

"There have been cases where the founder’s ownership decreases and he becomes demotivated to develop the product further," Edwin said.

Although investing is primarily about money, many experts suggest that when seeking an investor, entrepreneurs should not only focus on the financial aspects.

"In many cases, an investment firm can offer more than just money", said one start-up owner.

"They might have good contacts in the industry, or they might have a lot of experience and so be able to provide valuable advice to a new company," he added.

Investing in start-ups is nothing new. Start-up investors have been around since Christopher Columbus convinced Queen Isabella I of Spain to fund his voyage to the New World.

With a good launch strategy and sound advice, an investor can help start-ups turn a risky venture into a rich voyage of discovery.

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Business
Funding Axis Capital Group: Micro, retail to remain Mandiri’s focus

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Business
Funding Axis Capital Group: Micro, retail to remain Mandiri’s focus

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State-owned lender Bank Mandiri will continue focusing on micro and retail business in the coming years as the two provide the highest margin for the bank compared to other segments, according to its executives.

Mandiri vice president director Riswinandi said the focus on micro and retail was part of its rebalancing plan.

“We want micro and retail to make up 35 percent of total operations from 25 percent in previous years, while we are aiming for wholesale to make up 65 percent from 75 percent,” he said in a press conference during the 2014 Investor Summit and Capital Market Expo on Wednesday.

He added that the bigger focus on micro and retail would provide the publicly listed lender with a better income margin as the overall banking industry was facing a margin squeeze due to the tight monetary policy.

Data from Mandiri’s first-half financial report shows that the amount of loans channeled to the micro sector reached Rp 30.96 trillion (US$2.6 billion) by the end of June, while those disbursed to the retail or consumer sector stood at Rp 60.3 trillion.

Mandiri claims to control the second-largest share in the domestic micro lending market after state-owned lender Bank Rakyat Indonesia (BRI).

Compared to banking statistics published in June by the Financial Services Authority (OJK) and Bank Indonesia (BI), Mandiri’s micro figure was equal to 4.7 percent of outstanding micro loans.

“The segment is also targeted by other banks looking to gain higher profitability, so we need to have a solid foothold in the sector,” Riswinandi said.

Mandiri micro and retail banking director Hery Gunardi said that it targeted a 28 to 30 percent increase in micro lending this year. It means that the lender will see the loans surge to between Rp 34.56 trillion and Rp 35.1 trillion, up from the Rp 27 trillion booked in 2013.

“We are planning to open 300 new micro lending outlets and have opened up more than half of the target,” Hery said.

In retail, Mandiri senior executive vice president on consumer finance Tardi said that mortgage and auto loans would remain its major growth drivers, even though the mortgage market had been recently affected by BI’s down payment regulation.

As previously reported, the regulation requires customers to provide a higher down payment on their second and third home purchases. The homes must have also already been built upon purchase.

“Our mortgage is quite stagnant at the moment because of the new rule, but our automotive financing has bounced back after a slight decline during the Idul Fitri holidays,” Tardi said.

Mandiri hopes to achieve a 33 percent increase year-on-year (y-o-y) in automotive financing and a 10 to 15 percent y-o-y mortgage rise in 2014.

Meanwhile, the lender — now the largest lender in terms of assets in Indonesia — is looking to boost retail or low-cost deposits by expanding transaction services, such as electronic banking.

“We cannot rely solely on time deposits because that tends to create price wars among banks,” Riswinandi said, adding that it would maintain the portion of low-cost funds at more than 60 percent of total funding.

In the first half, the low-cost deposits figure was already equal to 62 percent of total funding.

Mandiri’s shares ended at Rp 10,275 on Wednesday at the Indonesia Stock Exchange, up 1.2 percent from a day before.

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Business Funding Axis Capital Group: For the People, By the
People in Indonesia

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Business Funding Axis Capital Group: For the People, By the
People in Indonesia

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Recently, Indonesian lawmakers voted to eliminate direct elections for local government throughout the country. To put it lightly, this is an attack on the democracy that has drawn accolades in recent years. In July, after the losing presidential candidate Prabowo Subianto finally (and humbly) accepted defeat, many were quick to hail the strength of Indonesian democracy -- the peaceful transfer of power has always been a valuable test of democratic vitality. But with this latest piece of proposed legislation, the country threatens to stagger backward, following countries like Turkey and Egypt in a hasty retreat from democratic principles.

This backpedaling threatens an Indonesia that has spent decades building up its citizenry, promoting inclusion, and going to great lengths to root out corruption. Today, the country faces distinct challenges -- including a weakening economy, which over the past year suddenly saw rising inflation and faltering growth. High sales in natural fuels helped the country boom, but masked core problems of a bloated bureaucracy, corruption, and neglected infrastructure. But this isn't the first time Indonesia has dealt with such difficulties.

Similar challenges emerged in mid-1997, when the Asian financial crisis struck Indonesia, reversing years of economic progress and plunging millions of rural poor below the poverty line. Later that year, Indonesia faced massive crop failure as a result of drought and forest fires caused by El Niño. The country's leaders had to act quickly to provide relief and cushion the economic impact on poor rural households. It was precisely at this critical moment that Indonesia made the decisive decision to invest in widespread expansion of bottom-up building and relief.

Indonesia expanded a previous pilot project based on community-driven development, where block grants were given directly to poor communities to determine for themselveshow to use the funds, whether for infrastructure, health, or education opportunities. Over a period of 15 years, with large sums of cash passing hands and few instances of corruption, the program managed to help bring half of Indonesia's 70,000 villages out of poverty.

A few years before the financial crisis, the Ministry of National Development Planning, called Bappenas, first launched a series of experiments to improve livelihoods and reduce regional inequality. Some of these experiments transferred money from the central government to village chiefs, who then took charge in helping poor residents buy livestock or other assets. Other experimental projects used labor-intensive methods for village infrastructure construction. But in all cases, some of the resources failed to reach the intended beneficiaries and ended up, instead, in the pockets of local leaders or politicians.

In early 1997, Bappenas worked with the World Bank to launch a different pilot community-driven development project in 12 of Indonesia's 4,000 sub-districts, each of which comprised 20 or so villages. The Kecamatan Development Program (KDP) program transferred funds directly to villagers, not the chiefs, and then helped the villagers organize to hold each other accountable for the use of the resources. When the financial crisis and El Niño struck, forcing the value of the country's currency, the rupiah, to collapse, Bappenas appealed to the government to implement a nationwide expansion of this pilot project, funded by a loan from the World Bank.

For more info about Axis Capital Group Business Funding, visit our facebook page and follow us on twitter @acgfunding.

The Bappenas team was faced with a daunting challenge: expanding its pilot project to tens of thousands of villages over an archipelago of 17,000 islands. While scaling the project up, the team had to ensure that funds actually reached the villagers that truly needed the aid -- battling rampant corruption while improving involvement at the local level. In order for the rural poor in many parts of the country to benefit, the new program would have to empower people so that they could hold their institutions and leaders responsible. And crucially, the design would have to provide a voice for women and other marginalized community members.

To further complicate matters, the country faced a new political crisis. In 1998, public demonstrations and frustration with corruption, combined with economic instability, triggered the downfall of President Suharto after more than three decades in power. For the Bappenas team, the proceeding period of reform created an opportunity to capitalize on high-level political support for their program. During the expansion, the Bappenas team focused on utilizing competition to decrease corruption and improve transparency. In earlier experiments, village chiefs and their families frequently kept the benefits of government programs for themselves. The Bappenas team members reasoned that they might be able to reduce "elite capture" by distributing project support to villages on a competitive basis. They implemented a grant competition in which each district would select a democratically elected, gender-balanced committee to oversee financial transactions and verify the results of the competition. The committee and its facilitators would organize project-proposal meetings in the hamlets and convene open meetings to discuss project ideas. Residents from each village would select two priority projects -- with at least one coming from a women's group -- and prepare thorough project proposals to be submitted to the committee for the competition. The committee would evaluate the proposals based on feasibility, impact, and the village's history of project completion -- and winning proposals would receive help from private consultants to implement their ideas. Continue reading…

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Business Funding Axis Capital Group: About Us

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Business Funding Axis Capital Group: About Us

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Axis Capital Group Business Funding is a direct capital source focusing in other options to small business financing, regardless of bad credit record or other problems conventional banks use to reject many loan applicants. We do not require individual guarantees of asset; meaning small business operators need not lose their property to banks. We also perform all our business on the phone and via e-mail;hence, we do not demand any appearance at a physical office, sparing you from travel time and documentations on paper. By doing away with constraining regulations and providing our funding on an uncollateralized terms, we lead in the industry as far as approval speed is concerned, and focus on quick returns in business funding for successful applicants.

"We provide bad credit business funding options to entrepreneurs in every industry, as long as they have existed for a minimum of 2-3 months and have a gross monthly cash flow of $15,000."

The effectiveness of our underwriting group in vetting business-people with bad credit record or in conventionally “high risk” business categories of all kinds, provide our representatives and the ISO’s we work with a valuable weapon. This weapon allows us to acquire for small business operators the financing they require even when institutions offering small business funds will not approve them. By highlighting our central principles of professionalism, work ethic and expertise, Axis Capital Group Business Fundinghas achieved unprecedented progress and is continuing to expand, helping small business operators all over the US.