Archive for the ‘Business’ Category

Great Options for the Right Mortgage Options

Many Muscovites, not to mention provincials, are afraid to apply for a mortgage. Most often, unfortunately, their fears are not unfounded. The bank can, for example, approve an amount two to three times less than the potential borrower asks. In fact – this is a refusal, because with a loan, say, 1 million rubles apartment for three “lemon” cannot buy. In order not to be at the broken trough, experts recommend carefully considering their actions before going to the bank.

Mortgage has long and firmly entered our life. It’s a pity that not every family that wants to improve their living conditions is in the life. All banks have a minimum list of requirements to the client; not corresponding to which to think about the credit is not worth it. Take the support of the mortgage broker Geelong¬†there.

Here are the most commonly used criteria.

Age of the borrower: from 21 to 75 years.

In fact, these are very fuzzy boundaries, – experts comment on “Metrium”. – The real bottom bar is at the level of 23 years. As a rule, by this age the client has already completed training, found a job and gained some experience, on the basis of which it is possible to predict his future prospects. Yes, in some cases, adult borrowers can be included in the number of borrowers from the age of 18 if they are, for example, recipients of a housing subsidy, but the main or even the only borrower at that age will not be able to become. The upper limit is at the level of the official retirement age in Russia, that is, women – up to 55 years, men – up to 60 years. Most banks issue loans for a period before the retirement age, some expect to pay up to 65 for working pensioners.

Citizenship of the Russian Federation and registration

In the vast majority of banks prefer not to contact non-residents of Russia. Units are ready to lend to foreigners provided all official documents are provided. Needless to say, the evaluation criteria will be as stringent as possible. It is desirable for Russian citizens to have a permanent or temporary registration in the territory of the Russian Federation. If at the time of purchase the borrower sold his former home and does not have a residence permit, it is enough to indicate the place of residence in the application form. However, for some banks it is important that the registration is in the region of the branch or branch of the bank.

Presence of a constant source of income

The sources of income accepted for consideration are:

  • Work for hire: the total length of service is from 1 year, in the last place – from 3 to 6 months minimum;
  • own business: the existence of a business for at least 1 year;
  • Pension;
  • officially received alimony, rental income and other documented regular sources of income.

It is important that the receipt of one-time material assistance, unofficial alimony, the delivery of an apartment without paying taxes by banks are not taken into account when considering an application.

How Reverse Factoring For Your Requirements Now

The service of reverse factoring is in demand on the domestic market, but only on the part of buyers, not sellers. The company offers its clients a full range of factoring services on the most favorable terms.

Smart Factoring Now

This kind of factoring is often called reverse, since the principle of initiation and the mechanism of practical implementation are reversed by the classical one. If in other schemes the initiator of the purchase of the service is the seller of goods or services, in this case their consumer. The main motivation for him is to get a deferred payment or to increase the term of an already valid deferment at the expense of a factor. The reverse factoring options are essential in this case.

The Reverse Version

Reverse or reverse version of the transaction on terms of factoring implies the conclusion of a tripartite agreement, as in the classical version. However, in this case only a non-recurring scheme is provided, since initially the responsibility for payment rests with the buyer and initiator of the factoring service.

  • The company provides any kinds of factoring services at the highest professional level, available to every trustworthy business entity.
  • Delivery agreements with deferred payment (up to 90 days) between the Seller and the Buyer.
  • The buyer notifies the Seller about the transition to factoring services.

Financing of the Seller occurs on the basis of the order of the Buyer, before the expiration of the period of the delay under the supply contract, in the amount of the amount approved by the Buyer for payment

At the end of the period for which funding was provided, the company pays a previously confirmed amount.

The buyer pays the commission on the basis of a separately issued invoice

Usually, the bank factor asks to provide the company’s charter documents, documents confirming the authority of the head of the company, financial statements of the company to make decisions on servicing the client. After making a positive decision with the client, a factoring contract is concluded. Within the framework of the contract, the client provides primary documents (invoices) confirming the fact of the sale of products (the performance of services). Against the submitted documents, the bank provides the client with financing. Next, the bank takes over the management of the customer’s receivables, within which, daily, the customer is informed of the state of the receivables, works on the collection of accounts receivable, the payment due date, etc. After debt repayment by the debtor, the bank retains its remuneration from the payment that comes from the buyer.

Theoretically, for an additional fee, the bank can assume credit risk: in the event of non-return of the debt by the buyer, the supplier will still receive the remainder of the payment. This is factoring without recourse. However, banks take such risks reluctantly, so now only factoring with regress is provided. “Factoring without recourse is more expensive. If customers are confident in their debtors, they have nothing to fear from recourse.

Smart Supports from the Net Working Capital Now

Working capital is the difference between current assets and current (short-term) liabilities of an enterprise or organization. The amount of working capital reflects the amount of funds that the enterprise owns in current assets and is an important characteristic of financial sustainability. Let us know what is net working capital and more.


The program analyzes working capital in the Business Analysis section.

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  • Working capital formula
  • Working capital = Current assets – Current liabilities

Working capital is formed from:

  • stocks of raw materials and materials ,
  • work in progress ,
  • low-value and wearing items ,
  • finished products ,
  • accounts receivable .

Their total value determines the amount of money needed to cover them. If the current assets are less than current liabilities, then the working capital will be negative.

The amount of working capital of an enterprise, organization depends on:

  • the amount of costs for the acquisition of raw materials and direct overhead costs in the production of goods that are easy to sell;
  • the duration of the production cycle and the sale of products;
  • the cost of indirect overhead costs in the production and sale of products,
  • the volume of the loan received and the period of its return.

Working capital in the balance sheet is the 2 section of the asset balance.

Components of working capital satisfy the liquidity criterion. Liquidity allows you to quickly turn the enterprise’s funds into cash and finance permanent operations.

To measure the efficiency of using working capital, use the indicator of profitability of working capital . The indicator is calculated by dividing the net profit from the sale of products or another financial result by the amount of working capital.

To assess the efficiency of working capital in business practice, the turnover ratio (turnover) and the turnover period are used.

Still found about working capital

On the relationship and algorithms for calculating the indicators of its own working capital and net working capital,

The difficulties in determining the amount of own working capital are due to the fact that both equity and borrowed funds can be invested both in off- balance assets and in

Development of the methodology for the economic analysis of working capital by

The complex of indicators of the economic activity of an enterpriseincludes indicators of direct or indirect factor of time the period of repayment of accounts receivable and payable period of the operational and financial cycle period of recoupment of capital financial leverage