How do cash loans work?

Did your car unexpectedly break down and your payday is nowhere near sight?

If you’ve ever been in a similar pressing financial situation, you may have heard about cash loans. Popularly known for immediate availability by lenders, cash loans are short-term personal loans typically used for financial emergencies.

The process of applying for a cash loan is rather quick and simpler than most other forms of borrowing. Here’s how a cash loan application works-

1. The application process – usually online

You have to fill out an online application form. This usually requires personal, contact, employment and financial details. This essential information will allow the lender to assess your application and determine your eligibility.

Lenders will carry out credit checks. This doesn’t mean your application will be automatically rejected because of your past defaults. They focus more on your recent history and your current ability to repay a loan.

2. Approval

After verifying your information, the lender will outline the terms of your loan. You can easily e-sign this online. It takes a couple of minutes.

3. Disbursal

Once you have signed the offer, the lender will carry out a few final checks before the approval.

Once your application is approved, you will receive the cash on the same day or even within an hour.

So why have cash loans gained popularity? Let’s look at some of the benefits-

  • Fast and Easy Approval

Fast cash loans live up to their name as they are perhaps the quickest form of personal loans. These loans can be applied for, approved and disbursed, on the same day. The application process is easy with minimal paperwork. This makes them an ideal source of finance when unexpected expenses arise.

  • Easy Procurement

One of the major advantages of cash loans is the ease of procurement. You don’t have to visit the bank, as the entire process is online. You can obtain it from the comfort of your home, office or wherever you are. All you need is an Internet connection and the necessary documents.

  • No Collateral

Unlike many other borrowing avenues, cash loans don’t require any collateral in exchange. Since it’s an unsecured loan, you don’t have to put your house, car or any other asset at stake.

  • Credit Score

A bad or lack of credit score is most likely to affect your eligibility to procure a conventional loan. But in case of cash loans, your credit score won’t impact your application. As long as you have a stable and regular income, your application will likely be approved.

  • Quick Disbursal

A medical expense or an unexpected repair will demand immediate funds. The application, approval and disbursal of cash loan are all completed in a day. Once you are approved, you will receive cash on the same day or even within an hour.

Cash loans are certainly a convenient source of short-term borrowing. However, there are a few things you should keep in mind

  • Beware of scammers

Since the process of cash loan is almost entirely carried out online, there is a risk of being scammed.  You should make sure that the lender has all the necessary accreditation before sharing any information.

  • Borrow for emergencies only

The ease of obtaining a cash loan doesn’t always make it the best option. A cash loan should be considered when you know your next pay cheque will come through on time. Moreover, only choose a cash loan for emergencies that can’t be deferred. It would be a poor decision to avail yourself of a loan for something that’s frivolous and unnecessary.

  • Fees and cost involved

Don’t be deceived by simplistic terms and conditions presented by some lenders. Thoroughly read and understand what fees and costs are involved so that you’re not caught off-guard by hidden costs.

  • Repayment period

The repayment date might just sneak up on you. The repayment period is short compared to the amount you have to repay. Often lenders impose considerable fines for delayed payments.

  • Limit the borrowing

No matter what the borrowing limit is, only borrow the amount you actually need. Borrowing more would also mean a higher amount to be repaid. So, try and limit the borrowing.

Now that you have a better understanding of how cash loans work. Remember, it is important to research thoroughly before signing up for any kind of loan.

Rental Property Owners Have Rights Too

As a property owner, you may be contemplating entering the rental business. There are many good reasons to, including a lucrative rental market, and the ability to diversify your income stream.

What’s more, it’s never been easier. Property owners can list their suite on platforms that do all the legwork by marketing the property, finding a reliable renter, and handling the finer points of the transaction.

Despite these benefits, you may be apprehensive. It’s true that while most rental transactions go smoothly, some can hit obstacles. In this unlikely event, you should know that you have rights too. Some of these are as follows.

#1 The Right to a Deposit

Before your renter moves in, you can collect a deposit. The amount usually equals one month’s rent but can vary region to region. It’s crucial that you collect this for your security.

#2 The Right to Collect Rent

You are owed rent on the day it’s due in full. There are no two ways about this. The onus is on your renter to pay on time, even if there is an interruption due to holidays. As the property owner, how strictly you apply this rule depends on you.

Many property owners give renters some leeway in special circumstances, especially if they maintain a healthy relationship with them. At the same time, if you’d like to act against a consistently late paying renter, the law is on your side.

#3 The Right to Increase Rent

If you follow the guidelines, you can increase the amount of rent once every 12 months. These guidelines include giving advance notice and calculating the increment as per local laws. It’s advisable to add these annual increases, even if small, to help offset the cost of inflation. On the other hand, forgoing them may help you retain a good renter.

#4 The Right to Inspect Your Property

You are entitled to inspect your rental property because it’s your asset. At the same time, it’s also your renter’s home and their privacy should be respected. By giving proper notice before a visit, you can find the right balance, which can be determined by consulting your regional rules.

#5 The Right to Approve a Sublet

Sometimes a renter may consider subletting their home when leaving for an extended period. As the property owner, you have the right to deny them this request.

#6 The Right to End a Tenancy Agreement

If your renter hasn’t broken any rules, there are only two ways you may end a tenancy agreement – provided you properly compensate them. The first is if you or your family need to move in, and the second is if you are selling the property.

However, you could also end a tenancy agreement early in the following unlikely events.

  • Your renter doesn’t pay rent
  • Your renter engages in illegal activity
  • Your renter damages property
  • Your renter negatively affects the reasonable enjoyment of others in the building
  • Your renter breaks health, safety, or housing laws

As mentioned above, most tenancy arrangements go smoothly with both parties getting what they signed up for. But rest assured, should a special circumstance arise, you have entitlements as well.

Properly Dealing With Criminal Charges

Criminal charges are always very traumatic. You are faced with a true emotional wreckage, especially when taken down in a highly spectacular way. You will so often find yourself not being able to sleep at night and feelings like anger, depression and anxiety will most likely appear. There are even some people that turn to substance abuse.

With criminal charges, you do need to fight back, learn, grow and actually flourish. This is why Noll criminal lawyer Springfield IL recommends the following important steps and facts that you have to remember.

Find Support

People are social beings. One of the very best things that you can do after faced with a criminal charge is to get help as you do not want to deal with everything alone. This does include psychologists, support groups, friends and family. You should always focus on doubling down in the event that you are faced with a criminal charge.

Don’t Forget About Self-Care

In so many cases you need to work with a psychiatrist to be sure that you stay on track and that you do not destroy yourself. Some of the activities you need to seriously consider include medication, exercise and meditation. The goal is to basically take your edge off and to manage the emotional turmoil you will be faced with.

Forget About Drugs And Alcohol

There is always a really good possibility that alcohol or drugs contributed to the situation you are faced with. At the same time, pre-trial supervision almost always includes monitoring for the use of alcohol and drugs. Always try to manage such problems as this in itself is a sign that you can change.

Don’t Conduct Research Alone

There is a reason why all lawyers tell you that you should not use Google to conduct legal research. Unfortunately, in so many cases we see people that end up reading a couple of articles online and then taking really bad steps. If you are faced with a criminal charge, it is vital that you get advice from an attorney that actually knows the law. Also, when you learn the law alone, you can end up faced with extra anxiety. This creates a clear feedback of panic and fear.

Never Rush When Hiring The Attorney

Speaking about attorneys, it is vital that you know as much as possible about the specialist that you hire. You should never hire an attorney that you quickly find on Google or that advertises in the publications you read. You have to be careful and hire the very best attorneys that you can afford. This will help you get the defense that you deserve.

Don’t Hire Law Firms That Practice In Different Areas

It is so tempting to hire the reputable large law firms but in most cases, this is not at all a good idea. This is especially the case when referring to criminal law. You need to be sure that you hire someone that is as experienced as possible in dealing with the charges that you are faced with.

3 Ingenious Ways to Fund Starting Up Your Factory Business

One of the most important aspects of a business is getting started on the right foot. If you don’t have the money to get off the ground, you’ll stay stuck in one spot until you do.

Firms like Equify Financial are great options for start-ups, and opportunity exists everywhere you look.

That being said – you do have some intelligent options for getting your factory business up and running. Check out these options for 3 ingenious ways to get funding so you can take on the world and get your factory moving.

1)   Equipment Financing

The biggest direct need you have to open up your factory and get it running is probably all based around equipment. There are lenders out there who will work with you for your specific needs to get you the perfect set-up. Even the amount of the loan and the rate at which you pay back your loan can be based on the value of the equipment and your specific factory output.

Equipment financing is what’s called a self-secure loan. What that means is that if you run into trouble paying for the loan, the company could end up seizing equipment. This actually lowers your risk and can also keep the level at which you need to qualify quite low as well.

Equipment financing isn’t just limited to huge purchases, you could receive equipment financing for some smaller items as well, but you’ll need to contact these companies to see where the perfect fit for you and your business needs are.

2)   SBA Loans

The issue of SBA Loans can seem complicated, but they’re one of the best options out there for someone trying to start up on their own.

An SBA loan is typically handled by a lender who are usually banks that aren’t the big bad ones you think of when you see banking commercials on TV. SBA stands for the Small Business Administration which is the government agency helping to back these loans.  What that means for you is that you get some great terms – repayment can last a long time with interest rates that would probably be lower than normal.

On the flip side, it can be hard to qualify for an SBA loan. Do your homework and you could be looking at an awesome set up for your business.

3)   Invoice Financing

Finally, we come to invoice financing. This is a great option for those who need cash and have orders on file ready to go. If cash flow is a problem or you need to buy anything to get orders completed, these companies will help you get moving so that you can make the money you deserve for doing so well in the sales arena.


These three methods can put you ahead of the competition and really get your factory business moving. You always need to do your homework and see what path will work best for you; but please do not believe that you can’t get the funding you need, the options should definitely be there.

KaratGold Coin (KBC) Brings Physical Gold Into the Age of Cryptocurrency

KaratGold Coin is a new cryptocurrency to most, but it offers a whole new case for inherent value. Bitcoin may be widely used, but without physical backing of any kind, it could conceivably go to zero someday. Meanwhile, KaratGold Coin is one of the most stable cryptocurrencies in the market, because of the robust mechanism that links its value to the value of physical gold. We’ll explain how all of this works and more, starting with the company that offered KBC to the market in the first place: Karatbars International.

Karatbars doesn’t simply sell gold bars like so many other companies out there. They primarily sell gold to be used as money, and for this purpose their products typically involve gold in very small quantities. Gold sold in large chunks is gold that’s too valuable for everyday spending purposes. But gold that is contained in CashGold (physical notes with an inset 0.1 gram of pure gold) can be traded for normal goods, like food and clothes, just like fiat currency.

It’s fiat currencies that inspired these products. Fiat currencies aren’t backed by anything, just the promise that the government that issues them can pay their debts. If the government fails, so does the fiat. Gold isn’t like that. It has value under any regime and in any culture. The problem is, gold is notoriously tricky to use online.

This is what motivated Karatbars International to create KaratGold Coin (KBC), a cryptocurrency offered up at an ICO in February 2018. KBC collected $100 million during its ICO, and has since then been one of the most stable cryptocurrencies in the space. Its stability comes primarily from the fact that KaratGold Coin’s value is tethered to CashGold notes, and the gold they contain.

Without a way to trade KaratGold Coin for CashGold, though, their relationship in value was in name only. That’s why Karatbars International devised a way to trade one for the other, using ATMs starting on July 4, 2019 (Gold Independence Day). Investors will be able to exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that is actually convertible to a truly valuable asset.

The online spending takes place through K-Merchant. K-Merchant is an app already integrated with thousands of online retailers. Users can buy KBC with Bitcoin BTC, Ethereum ETH, and various fiat currencies (or sell it for the same currencies), then transact with it through K-Merchant. The official plugin of K-merchant can be currently integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security. It’s the most digitally agile way to use gold yet conceived.

KBC holders can also use their KBC tokens to pay for functions on their IMpulse K1 Phones . The blockchain powered smartphones are fully integrated with the Karatbars digital product ecosystem. The owner of IMpulse K1 Smartphone, whose mass delivery is scheduled for September 2019, no longer has to worry about the privacy of calls, messages and stored data.

For years, investors of the internet age seemed to think that gold was being left behind. With no way to easily buy or sell it online, and virtually no way to spend it at all, gold was a store of value and little more. Today, with KBC, it’s a digital asset for a totally new audience. Reconsider gold, through KBC, today.

5 Most Lucrative Work from Home Jobs

In a 2017 report, it was revealed that 5.2% of Americans now work from home. The United States census confirms that eight million people now work this way in comparison to the 5% who worked from home in 2016 and the 3.3% who worked from home in 2000.

Internet connectivity, technology and a growing call for better work hours and setups are helping this number to rise. As more employees work from home as a way to make themselves more productive and spend more time with their families, analysts expect the figures to rise more.

If you’re looking to take on a work from home job, then it’s important to know that some jobs are more lucrative than others. However, you can get started with no skills and just a few pieces of technology.

What Do You Need to Work from Home?

Unless you have somehow managed to find a work from home job where your boss communicates with you via carrier pigeon, you will need a fast Internet connection. You’ll also need a laptop that can multitask and supports work software such as Slack, Skype, and Dropbox as these are all used by many companies to send files and to talk to the team.

If your laptop is years old and you need a new one, you can find a replacement for a good price, so that you don’t spend more money than you’re going to make. There are some great deals on refurbished laptops with Apple MacBooks becoming much more affordable when you buy one second hand. From the refurbished MacBook range, the MacBook Air 11 inch would be a good budget choice as it is powerful enough to handle business software and is lightweight so you can use it to work where you want. Read this for more information about refurbished laptop prices and which retailers have the best deals.

What Skills Do You Need?

If you have been trained (or have knowledge) of things like programming, software design, graphic design, finance, and science, then you could get a work from home salary of above $100,000. However, you can still make more than $50,000 a year without any of these skills.

For most work from home jobs, what you need are people skills. If you can communicate well, work quickly, and you’re willing to learn then you will be able to take on a work from home position. Many employers offer training once you have got the position so not having much experience in the industry doesn’t mean you can’t do well at the job.


Marketing is a popular work from home job because it allows you to be creative. If you can come up with slogans, have ideas for posters or have posted a few popular tweets or Facebook posts, then you will probably do well in the marketing industry.

Most industries have a need for some sort of marketing and it’s best to choose an industry that you know or purchase many products from. By choosing an industry you know, you will probably have seen many ads and marketing of that industry and can use that to be successful in your job.

Selling Products

Salespeople don’t have the most positive reputation. When people think of salespeople, they think of door to door sales people who try to sell them products that they don’t want. While that still happens today, your work from home job probably won’t be anything like that.

Now, there are jobs that allow you to sell products from your home. There are different jobs for this, one may be selling your own product on an online store, or listing someone else’s products on online stores, finding people to sell someone else’s products to, or collecting information about how a business can increase their sales.


Some people are just very good at organizing their schedules and have spreadsheets, reminders, and calendars all telling them what’s on their to-do list and when their next meeting is. Other people are so busy that they don’t have the time to set this organization system up and these are the people who will want to employ you.

If you have great organizational skills then you can make some money as a work from home assistant. You can be the person who takes the calls, plans the meetings, and gives them reminders about where they have to be. It’s not a glamorous job and you may become as busy as your boss, but it can pay well and it allows you to work from home.

Customer Support

Data in this infographic published by NewVoiceMedia revealed that US companies lose an estimated $41 billion each year because of bad customer service. Customers who aren’t happy with the way that they have been treated will go to a competitor and many may tell their friends not to do business with that brand.

If you have good people skills and want to do your best to help solve people’s problems, then you could join a customer support team. Customer support is one of the most important roles in a company and businesses are always looking for talented and driven people to join the team. Many customer support jobs are work from home jobs too.


When an interview, podcast or video has been recorded, it’s someone’s job to transcribe it. They have to turn that audio into written content that can be turned into blog posts, subtitles, press releases and more so that it can be published online. Transcription can be a difficult task which is why companies are happy to pay other people to do it.

Scribie’s big list of tips explains that you will need to have the right equipment (such as some high quality headphones) and because of how long it can take to transcribe something, you will want to be comfortable too. Job boards have many transcription jobs available though you can also contact companies with podcasts and that publish interviews on their blog to see if they have anything available.

To work from home, you don’t need to get a job and then try to talk your boss into letting you work away from the office some days in the week. There are positions made for people who want to work from home and you can find these by looking online.


Smooth Runnings – 5 Ways to Use Technology to Increase Business Efficiency

A major benefit of the fast, constant advancement of modern technology is that improving your business can be as simple as a software upgrade! If you are not quite sure where or how to start, here are five ways you can use technology to optimize your business processes.

1. Upgrade Your Freight Technology

If tracking and managing your logistics means building your own spreadsheets, dealing with multiple carriers and having more than one go-to contact, you are in for a delight with how much time, stress and energy upgrading your logistics will save you. By using the best shipping software you can streamline all your logistics and supply chain management to a single browser window.

2. Accessible, Interactive Rostering

Rostering is nobody’s favorite job to do but by using a more interactive, digital system, it doesn’t have to be such a drag. Choose a reputable online rostering system that allows your staff to input their own changes in availability, shift-swapping arrangements, and applications for leave. Using such a system will allow you to easily and intuitively organize your final roster. You may need one session to introduce the new system to your staff, but once it’s implemented you will cut down on a mountain of needless back-and-forth communication and can even integrate it with your timesheet and payroll systems.

3. Digital Accounting Software

When it comes to your bookkeeping, save yourself a lot of time and money while improving the level of accuracy you’re capable of by using digital accounting software for your business. With the right program, you can ensure that all your business transactions, sales, and expenses are recorded and can then be used for invoicing, statements and tax management. You don’t need a whole team of bookkeepers to keep up with your cash flow, just the latest software and your accountant’s phone number for advice.

4. Custom Design Templates

This tip is an oldie but a goodie. If you are writing all your emails, letters, presentations, contracts, paperwork or any other form of communication from scratch, then let this serve as your overdue reminder notice.

There are many template options available for affordable rates and oftentimes, for free. Save time and enhance your professional image with a custom business template for your regular email communications and letters, you’ll only need to change variables like names or dates. Even if you are writing something more specific, with a ready-made design template, you can have your logo, dates, and signature set so you only need to focus on the words.

5. Cloud Computing

Aside from reducing the amount of hardware you have in your office, backing up your data and files via cloud computing allows you peace of mind and can boost productivity and collaboration in your business. With data encryption to keep your information safe and accessibility requiring only an internet connection, this is the perfect solution for enabling remote employees to work most efficiently.

Not only are the setup costs for cloud services considerably cost-effective, but you will also reduce your business’ ongoing IT costs as system updates are usually all that’s needed for maintenance.

It may all seem overwhelming at first but you will quickly come around once you experience how user-friendly these new technologies are. After all, they are aimed at simplifying the way we work. Now that we’ve covered some of the most effective technology upgrades for businesses, it’s your turn to make the calls and implement them.

How Much Should You Borrow When Taking Out A Business Loan?

Some people look at debt as a bad thing however there are not many companies (including the largest organisations) that do not have some level of debt. Getting into a level of debt and investing this in growth could be more beneficial in the long-term. Commercial real estate lending is an option that a lot of people consider. However, if you are going down this path, how much should you actually borrow and under what terms?

Company Growth

Sometimes people take extra cash just for the fact that that they want to invest it in something where they will see a level of growth. Some people have good concepts and ideas in this respect, however, in order to turn this into something meaningful they then need to justify why this money will be well spent. If this is spent on things that just consume debt, then you could then find yourself in the same situation very quickly where the money is repaid, and you still don’t have the level of growth you were looking for. In order to get commercial real estate loans, they will want to see this level of detail in some type of plan  This should be pretty detailed to show that the lender is not at risk of not receiving the repayments back. How much you then borrow for company growth needs to be defined in this plan in totality.

Debt Issues

If you are struggling with debt in the company or you have invoices that you just cannot pay, then the option of a short term loan may be what you need.  If, however by taking this loan you have no real plans in how you will eliminate the debt and not look for more, you could struggle to get the loan you need. Justification is always looked at from lenders. The amount that you request may include refinancing the debt you have (potentially moving it all together and onto a lower interest rate) or it could be to pay some of this but having more up your sleeve for a rainy day. The general guidance is that companies should have 3 times their normal monthly income saved away to ensure that if something drastic happens they still have funds sitting away to cover normal payments and salary.

What Will The Lender Give Me?

Lenders are sometimes keen to give away money as if they know it is low-risk then they will get a much better interest rate from the repayments than by putting it in a normal bank account. Don’t be caught up in the enthusiasm to take out more money than is needed as remember that you are paying interest on this. People look at this money as their own, but the mindset needs to be that this is not money that is theirs to waste and something that will need to be paid back.

Think carefully about how much you need to borrow when taking out a business loan.