Caveat Loans are a Boon for every Business Owner in need of Quick Cash

Specialised lenders/credit providers can solve the cash flow problem of business owners with the help of a caveat loan (sometimes referred to as a short-term 2nd mortgage). The loan is ideal for business owners because:

>> Bank style credit approvals are not required

>> Tax returns are not required

>> No credit checks are undertaken on your credit history as bad credit history is not relevant

Interestingly, a caveat loan is not only right for a business owner but it can also be beneficial to a property developer or an investor.

Caveat Loans – Definition

They are fast settling loans, which are structured for a short-term of usually between 1 to 12 months, with a possible rollover (if required).

In contrast to conventional forms of finance, caveat loans need to be established quickly (i.e. within 24 hours from the time the application is first lodged).

How does a Caveat Loan work?

These loans are simply an ‘asset lend.’ For caveat loans, all you need is to be the owner of a piece of real estate. Here is a list of residential, commercial, industrial or specialised securities that the loans are commonly secured against:

>> A home or a unit

>> Vacant land

>> Medical centres

>> Child care centres

>> Commercial properties

>> Rural land, farmland or agricultural land

>> Acreage (with no limit), etc.

How are Caveat Loans Structured?

>> They are structured just for a short-term of 1 to 12 months period

>> They generally have a five day “fast-settlement”

What is the Loan Exit Strategy and how are Caveat Loans Repaid?

The loan exit strategy is where the borrower agrees to pay the loan back to the lender/credit provider at a predetermined time (usually between 1 to 12 months).

The repayment of the loan can be done by one of the following methods:

>> You can refinance the loan

>> You can sell the asset

>> You can use any business cash flow or commissions due to you

What Other Reasons do Business People Choose for obtaining Caveat Loans?

Here is a list of many reasons (scenarios) why business people choose the loan:

>> A common use of the loan is if business people require funds for bridging between the selling of a property and the funding of an urgent requirement;

>> Having the required cash flow in hand by way of the loan has helped many business people to pay off their debts and thereby enabling them to go on with the running of their business;

>> It may be that business people want to expand their business, and they need additional funds to enable them to fulfil their business goals;

>> They may want to attend an auction and the need to transfer the funds right after the auction ends; or

>> They may simply have a business deal that is too good to let go, and they currently do not have the required cash to pursue this business deal.

So, now you know how caveat loans can help you. More importantly, you also know that the loans can help you with any unexpected urgent commercial debts that you have to pay before any legal process is taken against you (e.g. default or court judgement) or before you are charged with late fees.

Singh Finance helps business owners in securing finance for their business. The firm’s expert finance brokers will help you in securing quick caveat loans as well as help you in obtaining business equipment finance and short term business loans. Call on 0424 190 908 or enquire online now.

The Simpsons Predict the Future? 3 Times TV Show Premonitions Came True

Speculating what the future will look like has always been a classic human activity, but it often misses the mark. Back to the Future had us wearing metallic jumpsuits at all times and riding hoverboards, and we aren’t quite there yet.

That example didn’t really work out, but many other predictions made by television shows have later come true. The Simpsons predict the future on a regular basis with over 30 confirmed predictions as of right now (who knows how many there will be total!).

Things that seem outlandish and crazy enough to make good television coming true in the future is a wild concept to think about. Things that were once thought of as crazy are now our standard.

With that in mind, let’s look at 4 times television predicted the future and what those predictions look like in real life.

1. The Jetsons: Video Chatting

Along with The Simpsons, The Jetsons is famous for making predictions that eventually came true. This show that originally aired in the 1960s was based in the future, so it makes sense that some of their predictions were true.

While the robot servant and the flying car predictions haven’t come true, there is something that has: video chatting.

Oftentimes during the show, George Jetson and the rest of the Jetson family would be seen speaking to other people on television through video chat and making virtual calls. At the time, the idea of seeing someone while you talk to them through a screen was fantastical.

Nowadays? This is the standard! Almost everyone has at least one device that’s capable of video chatting, FaceTiming, or Skyping. This has spawned a whole new virtual space for remote workers, family members, long distance relationships, and more.

Now, those who can’t afford private office space can simply get virtual office space that allows them to have a secretary, an address, and virtual chatting options. People can work from around the world, see their family who live in other countries, have virtual doctor’s appointments, therapy sessions, and more!

Who would’ve thought in 1963 when George and Judy Jetson were speaking through their fantasy television that that very idea would be possible 50 years later?

2. Parks and Recreation: Cubs World Series Win

Before the 2016 season, the Chicago Cubs hadn’t won the World Series since 1908. They were famously bad and the odds seemed to always be against them.

In 2014, though, Parks and Recreation predicted that the Cubs would win the World Series in 2016. This wasn’t a throwaway prediction, either. One of the writers for the show was very into baseball odds and statistics. Once he learned that the show would be putting the characters in the “future” of 2017, he had the prediction put in to see if he would be proven right.

And indeed he was! One of the characters says that everyone in Chicago is now in a good mood “because of the Cub winning the series”… but this was two years before they won (and during a slump for the team!).

3. The Simpsons: Nobel Prize Winner

The Simpsons are perhaps the most well-known for making predictions that eventually came true, so let’s end with them. From predicting President Donald Trump to SmartWatches to autocorrect to faulty voter machines, there are so many we could’ve chosen from for this article.

However, we chose this one because it’s truly wild how this came true.

In Season 22, Episode 1 called “Elementary School Musical”, the students make predictions of who will win the various Nobel Prizes (Physics, Literature, Chemistry, Economics). This episode aired in 2010 and none of the guesses won that year.

So why does this episode matter? Well, none of the people on the Simpsons’ list won in 2010, but one did win six years later in 2016. Milhouse clearly wrote in “Bengt Holmström” (an MIT Professor) as his guess for the winner of the Nobel Prize in economics, and he did in fact win in 2016.

Of all of the hundreds of thousands of people that could’ve been written into that episode of The Simpsons, what are the odds that one of the guesses would come true? Pretty crazy stuff!

Get a Maximum Whiplash Compensation Whiplash Compensation is a Form of Reimbursement for all the ex

Whiplash Compensation is a form of reimbursement for all the expenses and inconveniences brought about by the injuries sustained from an accident. It compensates for the personal injuries caused by the negligence of others. Whiplash compensation entitles the claimant to claim for the losses and expenses incurred from the accident. The amount of compensation that will be granted to a claimant will depend on several factors.

The court takes into consideration important key points like the severity of the injury, the duration of the pain and the period of recovery. Compensation for whiplash is awarded depending on the extent of the injury. There’s a bracket for minor whiplash injuries with a recovery period within 1 year to 2 year period. Another range is for moderate whiplash injury which has a slow period of recovery. Compensation for severe whiplash will depend on the severity of the injury.

Whiplash compensation is divided into General Damages and Special Damages.

General Damages

General Damages compensates the claimant for the non-monetary side of the injury. It includes the pain, suffering, and loss of amenity; loss of employment opportunity; future loss of earnings, lost of pension, and future loss of medical expenses, care and aids.

Special Damages

Special Damages compensates the claimant for quantifiable monetary losses incurred as result of the accident. It is the reimbursement for the financial losses and expenses experienced by the claimant. Special damages includes loss of earnings, medical and care expenses, travelling expenses and other expenses.

Two kinds of loss of earnings can be granted to the injured person. It can be loss of actual earning or future loss of earning. Calculation of loss of earnings requires the claimant’s employment details. Future loss of earnings is quite complex because the court will assess the level of pay increase, benefits and other factors.

Medical and care expenses include expenses for prescription and non-prescription medicines, hospital expenses, treatment like physiotherapy, and cost of care provided by Social Services, private agency, family members or friends. It also includes cost of employing others to help the injured person in cleaning, gardening and decorating.

Travelling expenses covers the cost incurred due to the claimant’s inability to travel in a normal condition like regular visit to the doctor or hospital, appointment with a medical expert and other trips.

Other expenses include repair or replacement of cars, repair or replacement of damaged belongings like clothes and jewellery and other utility expenses needed.

People seeking compensation for whiplash injuries need expert legal advice to achieve the maximum compensation for their claim.