CIT Group – Retail Financing Business Failure May Mean an Un-Merry Christmas

One of CIT Group’s specialties is providing financing for apparel and furniture manufacturers and other suppliers with a long wait from procurement of supplies to manufacturing to delivery to retailers until invoice payment by retailers. Cash flow and working capital keeps the supply chain flowing. There is much anxiety on the part of retailers about an interruption in the supply chain that would come about as a result of an interruption in cash flow along the value chain. To the suppliers and manufacturers, their very business survival is at risk. The concern for many is how they can continue to meet payroll.The big year end retail season is fast approaching. The apparel and retail industry is generally one season ahead of the actual calendar season. But months earlier, they are already planning and strategizing on how to best navigate the Christmas holiday. That’s when the majority of retail sales revenue is generated. Now is the time. And the supply chain and value chain needs to be functioning. Business cash and cash flow is crucial.What is Factoring?Receivables are business assets, assets which businesses can use to get cash and working capital. With factoring or accounts receivable financing, the business owner sells customer invoices in exchange for cash advance in as little as 24 hours. This is a big improvement over the 60 to 90 days that retail industry suppliers must wait to get paid. Everyone in the supply chain has already had to have sufficient cash flow and working capital to carry them through until their invoices are generated. Then it could be another 60 to 90 days until there is an inflow of money to fuel continued operations.With accounts receivable financing or factoring the business gets qualified for cash advances by its customers. Factoring companies purchase business receivables in exchange for providing immediate cash to the business owner. As part of the factoring transaction, the factor or funder or funding source has to the right to receive the A/R invoice payment directly from the customer. After the customer pays the funder, the funding source then deducts the discount fee and remits the balance of the A/R money to the business owner.The Good NewsThe cash flow industry is in the business of providing cash advances against future assets and cash flows. Invoice or Receivable Factoring is the original and probably the largest cash flow product. While banks are tightening their money and lending criteria, there is still plenty of money in the cash flow industry. Alternate ways of financing business must be considered as the US Government money dries up and the national deficit and debt continues to rise. Not sure that the fiscally fit factoring companies could absorb $42 billion worth of factoring business. Hopefully that theory won’t be tested. CIT Group, Inc is being rescued by private financing.

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Effective Drug Rehab From a Christian Point of View

Searching for effective drug rehab is an often arduous task and a difficult one at that. It is not easy to truly gauge drug rehab effectiveness accurately at times and that can be frustrating. However, there is hope and the effectiveness of drug rehab from a Christian perspective can be invaluable.Right from the beginning of a young teenager’s life all the way to a mature adult, drug abuse issues continues to be a major problem that afflicts hundreds of thousands of individuals throughout North America. Once a substance abuse complication spirals out of control, the individuals who find themselves caught in a tangled web of addiction tend to feel like freedom is beyond their grasp. By good chance, there are particular rehab treatment options and programs that addicts can go through in an effort to truly obtain and maintain consistent sobriety in their lives. One of the very initial steps, to aid an addict towards the ultimate goal of recovery, is for them to admit that they have an addiction and need to look for professional help from rehabilitation specialists. Although many addicts choose more traditional methods of drug rehabilitation to overcome their addiction, there are many more that find comfort and peace in Christian drug rehabilitation.Christian Drug Rehab Effective PrinciplesAdverse to common beliefs, an effective Christian drug rehab program absolutely doesn’t carelessly disregard the effective aspects of rehabilitation utilized in secular methods such as:* Medical healing or treatments* Professional Counselling* Peer support group sessions* Cognitive behavioural modification therapyNevertheless, the only true difference is the supplementary use of biblical scriptures and the boundless power of Jesus Christ. Effective Christian based rehab programs have faith in these important aforementioned points as they serve to heal a substance addict of their spiritual destruction. Furthermore, Christian drug rehab centers also concentrate on healing an individual’s lack of spiritual awareness, which they believe can cause the addiction to occur in the first place. As a result, the principles and philosophy behind Christian drug rehab effectiveness can be very powerful. Even though traditional methods of drug rehab treatment are definitely necessary and effective for successful substance recovery, utilized on their own they cannot get the job done effectively. This is the main reason why there are several similarities, including some differences between regular conventional and Christian based drug rehab programs.Christian Based Drug Rehabilitation MethodsThe method of Christian drug rehabilitation is not in any way peculiar or unusually strange when compared to regular secular treatment processes, but let us be clear that certain distinctions do exist. To illustrate, you can view the possible treatment choices offered by a conventional Christian drug rehab program in the following:Method (A): Detox:Substance abuse patients entering a Christian rehab center may be physically dependent on drug usage which is not any different from regular clinics. This is one of the reasons why the majority of Christian rehabilitation programs require an addict to go through a medically supervised period of detoxification first. The act of starting with detoxification is used as a means to initiate spiritual healing, which is only able to take place after physical dependency has ceased.Method (B): Education & Knowledge:The majority of different types of conventional rehabilitation programs in most cases amalgamate the method of drug education to encourage knowledge and provide support for the substance addict, and one must realize that a Christian based drug rehabilitation program is not an exception to this. Many of the educational seminars, provided through Christian based drug rehab, accommodates addicts with a better than average understanding of their substance dependency and what can happen to their physical body as a result. Fundamentally, substance abuse knowledge and education doesn’t only empower a substance addict, but it also aids greatly in the prevention of relapse.Method (C): Behavioural Treatments:Many of the cognitive behavioural therapies being recommended through Christian drug rehabilitation are basically designed to help change a substance addict’s behaviours while minimizing the chances of relapse. These treatment sessions give patients the necessary skill sets to refrain from drug abuse for an extended duration of time while, at the same time, decreasing temptation.Method (D): Spiritual Recovery:In addition to the treatment programs affiliated with conventional rehabilitation facilities or centers such as family involvement and group therapy, Christian drug rehabilitation also includes prayer as an important tool towards recovery. The usage of biblical scriptures is integrated into group study sessions, treatment classes and also for the purpose of individual private reflections. A few of the major aspirations of Christian based drug rehab can be seen below:* Substance abuse individuals can take comfort in the Word of God* Substance abused individuals understand they are not alone and are loved by God* Embracing and accepting God’s love and guidance makes recovery possibleFundamentally, effective drug rehab treatment clinics, which are Christian based, exercise the strength of faith, family support and substance abuse peers in the Christian community to afford individuals with the proper tools crucial to continually abstain from drug abuse. This results in higher drug rehab effectiveness in the methods of treatments that are used. Moreover, the increased effectiveness of Christian drug rehab also encourages the use of the Holy Bible for solutions against further temptations that substance abuse addicts may encounter in the future.

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Tips to Obtain Small Business Loans

If you are interested in starting a small business, then you have to know about small business loans. There are many different ways to get funding for your new enterprise, as well as many different kinds of loans. Finding the one that is best for your enterprise can be a daunting task, but with the right information, it is not impossible.Most banks do not want to loan money to someone who is starting a new enterprise. When trying to get a loan for a small business, collateral will probably be needed for the bank to approve the loan. Things such as cars, houses, land, or other hard assets will usually work for collateral. The bank will probably want to have an asset-backed borrowing transaction with business owners, rather than loaning money to a business based on inventory or other such methods.Having a co-signer is also an option for getting a loan from the bank, but make sure you trust the co-signer before trying this method. There is also another place that a loan can be borrowed from, which is the Small Business Administration.This is a government agency that invests in new, small businesses. In many cases, if a loan is borrowed from the SBA, then the SBA will pay back 90% of the loan if you default on it. Another place to try for a loan is through commercial finance companies or venture capitalists.When applying for small business loans, there are certain procedures that must be followed to increase the business owners’ chances of actually getting a loan. Every place you approach with the hope that they will finance your new enterprise will look at your financial projections, credit history and your character.If there is a personality conflict between you and the lender, then you probably will not get the loan. However, it is a good idea to try several different places until you find someone who gets along with you, so that you can get a small business loan.There are also little quirky things that can be done to make a better impression on loan officers. Dressing professionally, keeping a professional manner, and calling ahead of time for an appointment are usually necessary to get loans for small businesses.There are some other things that might increase your chances of getting a loan as well, such as being able to answer any questions about your business plan. Being over prepared is better than being under prepared.Hopefully, you now have a little more information about small business loans and how to get one. If you are trying to open a new business, then look at all the information out there and maybe consider talking to a loan officer about your business plan before applying for a loan. He or she can give you some sound business advice.

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