Category Archives: Business valuation

Can a Down Payment of $500 Get You An Auto Loan?

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Down Payment is an essential element of your auto loan that determines loan terms and interest rates. You may have come across dealership advertisements that suggest that you can avail an auto loan with little or no down payment. However, is it possible to avail an auto loan with a minimal down payment of $500? Understanding the importance of certain elements can help you answer if $500 can work as a down payment or not.

$500 or More: How much Down Payment is good enough for your New Car?

The following factors will give you a clear understanding on down payment and if $500 is enough for putting money down or not.

1) Credit Score

Lenders and dealerships play an important role in determining the amount of down payment. Many dealerships want to help you to build a good credit score. Bad credit auto loans are a great way to build good credit, especially when your credit score is not perfect. Therefore, you will find dealerships that will provide you with bad credit auto loans on a down payment of $500. However, if you wish to obtain an auto loan from a dealership, you may have to opt for captive financing and you can lose out on other attractive deals in the market. So, it is essential that you check the auto loan contract in detail to find out whether it suits your needs or not.

2) Bad Credit Car Buyers

A low down payment amount is risky for bad credit auto buyers. You should aim for a high down payment if the FICO score is less than 670. Lenders view a down payment as a means to analyze your creditworthiness. Additionally, more the down payment, less the negative equity you carry. As the loan amount reduces with a big down payment, your monthly payments will become affordable. This will ensure regular payments and thus improve your credit score.

3) The Right Amount

Putting $500 of money down may get you approved, but it will not take you far. You will be faced with a big loan amount. The appropriate amount of down payment will differ from lender to lender. However, you should at least put down $1000 or 20% of the car’s value. A decent credit history can make $500 of down payment work. However, if you are dealing with bad credit, it is best to try for more. If there is no way in which you can make a big down payment, you can opt for no money down auto loans. The auto financing program will enable you to seek loan approval without a down payment. Before submitting your loan application, make sure your lender offers no down payment financing options.

Down Payment on Your Next Car: Do the Best you can

A hefty down payment will reduce the overall amount that you borrow from the lender. This will help you to make lower monthly payments and you will be able to enjoy a reduced loan term. Additionally, the interest rates will go down because of your creditworthiness. Save money for a couple of months so that you can put money down easily. There are many benefits to making a down payment, but if you cannot manage it, do not worry. It doesn’t make sense to make a down payment by putting your financial condition at risk. Seek no money down auto loan and buy your new car.

The Winners In Film Production

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A creative mind is a low budget filmmaker’s most valuable tool. The whole process of film making starts with an original thought. From there it is all about maintaining that thought until it grows to be a brilliant idea. After that it is a matter of getting that idea made into a movie using every ounce of energy and resources you can possibly muster up.

Most of the successful films that are shown at film festivals are movies that were made at a fraction of the cost that it takes to make a major Hollywood studio film. Hi tech equipment, mainly based on computer effects and possibilities in technology have made it so that just about anyone can make a movie. Film cameras, sound recording equipment, and just about any other kind of equipment that one needs to make a movie can be purchased at very affordable prices these days.

The film making equipment that is available these days can provide a very low budget movie with a production value and overall revenue, which might look like some famous director had something to do with the project. This professional appearance coupled with a unique story can help any film’s chances at being accepted into film festivals like Cannes, Toronto Film Festival or even obtain the Oscar!

Try as they might, the major Hollywood film studios will never have a monopoly on creativity. They spend far more than one million US dollars not only on film production, but also on marketing research, intending to figure out just what it is that the film-going audiences of the world look for when they go to the movies.

Despite all of this effort, they still have not developed a formula of success. The intentions and tastes of people who go to the movies are as hard to predict as an earthquake is. Because of this fact, the door is left wide open for creative minds of the world to enter the game. All they need to do is come up with a genuine idea that they can transform into a spectacular movie, enter their film in festivals like Sundance and then let the judges decide. While the big studios have tried to take over the film festival sphere in recent years, it is still the little creative minds with the small, yet unique films that are the winners in that realm.

Employee Stock Ownership Plans in Business Succession Planning

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Small business succession planning is a major challenge and opportunity for community economic development. There are significant and some negative tax consequences following the death of an owner without a succession plan. The sale of existing businesses, even if successful, could result in relocation of the business, dissolution by competitors, or collapse under absentee owners. The lack of succession planning for small businesses is also a reflection of the lack of resources available for planning and a lack of attention to succession details which are typically delayed while dealing with the pressing matters of ongoing business at hand.

Through the use of a leveraged ESOP, a bank will lend funds to the ESOP which is guaranteed by the assets of the company. The ESOP uses the money to purchase shares from the company. The owner then transfers stock to the ESOP and the firm makes ESOP contributions monthly equal to the loan payments. A trustee is appointed to protect the interests of the employees while ensuring the firm is purchased at a reasonable amount. Prior to establishing an ESOP, the owner should enlist the services of a business valuation analyst to ensure a valid amount for the business.

The ESOP offers a means to heighten proper control of the firm, as well as transferring ownership. In an ESOP the workers voting rights for stock are passed through by the trustee to the workers who will instruct the trustee how to vote the shares that they hold before they have full control of the firm. The construction of ESOPs is dependent upon the willingness of both the workers and the owners to pursue such a path. Cooperation cannot be imposed upon either.

The various professional service providers would find it in their interest to educate small business owners about ESOPs. The ESOP would become one of the financial products employed by bankers, lawyers, accountants with their small business clients. Not only does the ESOP provide a way for these professionals to market services, ESOPs keep the firm as a long term client for the benefit of the provider as well as for the community.