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.

Looking For The Right Investment For Your Savings

Saving money is not something everyone can do. In fact, some people never learn how to save. For individuals who are interested in investing in their future, you must learn how to invest smartly. To get the most out of your money, long-term investment is going to be your best option. Below, you will discover a list of short-term investment options that have proven to be effective.

Savings Account

One of the biggest commitments you will make in your life is maintaining a savings account. If you are one of the lucky ones, your mom or dad opened a savings account in your name when you were young. This opportunity showed you how to put money away for the future. Unlike some other types of investments, a savings account is a lifelong option. It is guaranteed and comes with no risks.

Peer To Peer Lending

Peer to peer lending, known as P2P in the investment world, is a great investment for your savings. The experts at https://www.ocbc.com.my/personal-banking/investments/retirement.html highly recommend P2Ps to people looking for long-term investments. Depending on your financial status and the level of risks you are willing to accept, getting involved in peer to peer lending may earn you a hefty future. The process works by allowing individuals and companies to purchase loans from specific consumers. In this type of investment, you become the bank.

Money Market Account

If you have never heard of a money market account before, you are missing out on an opportunity to save money without all the risks. Opening a money market account has never been easier. In fact, you can open an account online at any financial institution website and start saving money immediately. Since little to no risk is involved in this type of investment, it is possible to secure a much higher rate of return as compared to other investment tools. It is also recommended to start EPF investment in Malaysia if at all possible.

Roth IRA

Just about every new and long-term investor is familiar with the Roth IRA. This account is specifically designed to save retirement money. You will have the option of utilizing the Roth IRA as a short- or long-term investment account. Roth IRAs are funded through taxes. Every time you receive a refund from the federal government, it will be deposited into your account. While this investment opportunity is a great way to save money, the process is gradual.

Certificates Of Deposit

Certificates of Deposit, better known as CDs, range anywhere from three months to five years. The length of the term really depends on the investor. For example, if you feel comfortable with someone else controlling your investment for a long period of time, the longer the range the better to secure the highest yield.

When you invest in a CD, you have the option of receiving interest payments each money or letting the interest accrue until maturity. The downside to CDs is penalties applied for early withdrawal. There may come a time when you need some emergency cash and consider pulling money out of your CD before it has time to mature. Doing so will earn you a penalty.

Business Loans: 10 Questions to Ask Beforehand

If you own a small business, it’s essential to understand your alternative sources of finance when it fails to raise enough funds. Many business owners opt for business loans as a way of boosting their business finance.

Entrepreneurs borrow business loans for various purposes. One of the main reasons for borrowing funds is to take care of the unforeseen expenses (emergencies). Potential entrepreneurs also take out small business loans to get capital for starting businesses.

Before taking out a business loan, there are several questions that you should ask your lender or yourself. Asking questions is an effective way of evaluating various loan options to find the most suitable one.

Questions You Should Ask

1.      Why Do I Have to Borrow Extra Funds?

When taking out a business loan, it’s vital to understand why you need the money. That will give you a sense of clarity regarding your financial needs. For instance, the loan purpose can help you determine if your needs are long-term or short-term.

Business loans with a long-term repayment plan have low monthly payments. Short-term business loans, on the other hand, have higher monthly payments. However, the total cost of a long-term business loan is more than that of a short-term loan.

2.      Can I use a Business Loan for My Personal Use?

When borrowing funds, you have to explain to the lender why you need the loan. Business loans are used to finance business activities. But what if you end up with extra cash? Should you spend it on your personal needs, or return it to your lender as part of payment?

Some lenders don’t restrict you from using loans to take care of other financial needs so long as you make payments on time. However, some loans have a specific purpose. They include home loans, business loans, auto loans, and student loans.

3.      How Much Money Should I Borrow?

The amount of funds you should borrow depends on your business financial needs and the loan purpose. You ought to take out enough business loan that will increase returns on your investment. However, you should not borrow more than what your business need.

Knowing the amount to borrow can also help you to identify the right lender to approach. That is because different lenders offer varying loan ranges. For instance, if you need a business loan worth $500,000, you should borrow from the bank.

If you want a smaller business loan amount, you can borrow from lenders who specialize in such loans. Unlike banks, such lenders offer small business loans of up to $50,000. An example is an online business loan lender.

4.      What Do I Need to Qualify for a Business Loan?

When reviewing your loan application, lenders look at various factors to determine if you are eligible for a business loan. Such factors include your business revenue, personal or business credit score, financial history, financial reputation, and collateral.

You must have a good credit score to qualify for large amounts of money and better loan terms. If you’re using your business credit score, it has to be 75 or more (out of 100). Your business must be generating enough revenue to repay the loan on time.

5.      Can I Qualify for a Business Loan with a Bad Credit Score?

While a credit check is an essential part of the underwriting process, it may not contribute to the final decision. Some lenders offer small business loans to people with bad credit. However, it is difficult to get a loan with a traditional bank if you have a poor credit score.

6.      How Much Collateral Should I Use?

When taking out a business loan, you must provide collateral. The value of the property you use as collateral depends on the amount of money you are borrowing. It has to be worth the business loan because it acts as the security.

For instance, if your business is borrowing $40,000 for marketing and advertising, the cash value of the property you use as collateral should be at least $40,000. If you fail to pay off the debt, the lender will seize the property and sell it to recover the money.

7.      What is the Interest Rate of the Business Loan?

Before setting out for a business loan, you should compare the interest rates of several lenders to find the most favorable one. You don’t have to do that manually because there are many comparison tools here that can help you analyze difference financing options.

Besides interest rates, you should also consider the total cost of the business loan. One of the best ways of comparing the overall expenses is by calculating the annual percentage rate of every lender. That should even include all the loan upfront fees.

8.      What Payment Schedule Would Suit Me?

Different business loan lenders offer various repayment plans ranging from daily, weekly to monthly payments. While monthly payment is the most popular plan, most lenders have adopted the daily and weekly schedule to reduce debt burden at end-month.

If you choose the daily or weekly repayment plan, you must ensure that your business has a consistent flow of cash throughout the entire month. The payment plan is unsuitable for companies that depend on the monthly inflow of money.

9.      How Long Will It Take to Process a Business Loan?

Today, most lenders process business loans within a few days or weeks. However, some lenders like traditional banks have a lengthier underwriting procedure that may contribute to late approval and disbursement of funds.

With an understanding that borrowers need quick funding, online lenders offer loan approvals within 24 hours. You can also get the cash within two days after approval.

10. Must I Have a Business Plan to Get a Business Loan?

Most lenders that offer business loans require evidence showing that you’ll use the money for a business. A business plan is one of the documents that can serve as proof, especially when starting up a business.

If you have an existing business, some lenders may ask you to provide a summary of its nature. If you are planning to expand the company with the loan, you may have to issue an expansion plan.

Bottom Line

Since lenders consider numerous factors before giving out business loans, it is essential to research such elements before taking out a loan. That will help you avoid additional costs that you didn’t expect. Remember to compare various loan options to find that which will suit your business needs.

5 Things Everybody in Debt Needs to Know

As of 2019, the average household debt in the United States was almost $10,000, totaling over one trillion dollars of debt in the entire country.

If you are one of the millions of people that feel like you are drowning in debt every month, here are 5 things you need to know.

5 Do’s and Don’ts When You’re in Debt

1. Don’t borrow from Peter to pay Paul. Many people get so far in debt that the only way to pay one bill is to take out another credit card or loan. They get the mentality that if they are already this far in debt, why not go a little further? The truth is that without a detailed plan to get out of debt, adding more to it is not going to help.

2. Don’t add unnecessary items to your debt. Using your credit cards to buy food or pay your electricity bill might be an urgent, understandable emergency. But using them to buy the shoes that you just had to have or pay the Netflix bill for the month are not good uses for a bill that is going to accrue interest.

3. Do be careful when accepting a zero-interest credit card. Zero interest credit cards sound like a dream come true at the time. If you use them right, you can transfer high-interest balances to the new card. But you’ll need to pay those balances off before the interest term ends and your rates skyrocket. In some cases, your new rates may be even higher than the one you were trying to get out of before.

If you do accept a zero-interest card and transfer that big ugly balance over to the new card, be sure you use those monthly payment-free bonuses wisely. You won’t have the old payment and you won’t have a big payment on your new card for a while, so that’s the time to invest that extra money into buckling down to pay off your debt.

4. Do work with a professional to reduce your debt. Going it alone is not the strategy that works for most people. You can become easily frustrated when it looks like your debt is not going anywhere. Professionals have tried and true strategies and debt consolidation tips that work.

5. Don’t fall for “checks in the mail” scams. Once you start actively researching ways to get out of debt, you’ll probably find multiple lending companies sending you “checks” in your mailbox. Some of them are real checks and it can be tempting to cash them and end your worries. Check the fine print, though. The strings attached to “free” money are usually not worth the cost.

You Can Get Out of Debt

You don’t have to reinvent the wheel to find your way out debt. Millions of others before you have done it through strategies that work. Find the one that works for you and you will be enjoying your hard-earned money yourself before you know it.