Just like most other corporate companies, banks too receive loads of resumes and letters like investment banking cover letters on a daily basis. The truth is, with the bulk of things they receive, they don’t really have time to go through each and every letter from cover to cover. So how do you make them read yours? Here are some tips.

Keep it short

Investment banking cover letters are not entries to an essay writing competition, so don’t put any unnecessary things there that will only make your letter too lengthy to read. Include only the important things in such a way that the meat of the letter can be read within the first 30 seconds. Chances are, if the people reading your cover letter lose interest from the beginning, they won’t even finish reading the whole thing. Get to the point – who you are, what you’ve done, and why we should pay attention to you.

Follow a structure

Plan how your letter is supposed to look and sound like. Just like any sound composition, the elements in your investment banking letter should be coherent. Regardless if the points you want to convey are present, they won’t make a good argument if they are not presented logically. Readers of your finance cover letter have little time. Don’t expect them to have lots of patience.

Include only Relevant Information

Select the items relevant to the point you’re making. What the investment is about? How profitable do you expect it to be? There’s no need to layout the history behind the concept or even the brainstorming that led to the idea of the investment. These things you can discuss in person. They have no space in an investment banking cover letter.

For most of us, we come across insurances on rare occasions in out lives. We usually take out something that will cover our lives when we have something worth covering, like getting married or starting a family.

And we will sometimes take out insurances for things, like buildings and our property.

Somewhere down the list of priorities for our monthly outgoings, is the need to protect not just our lives but also some key elements of our health. Whilst full health insurance is important as well, two smaller types of insurance are very vital to our wellbeing and ability to enjoy our lives to the full.

So, How Important Is Dental And Vision Insurance?

These are two critical types of insurance that protects people and their families. Whilst they may seem somewhat different, you might be surprised to find how similar dental and vision insurance is

Both of them are focused on ensuring that two of the most important parts of your body get their regular tune-ups, not to say check-overs.

That dental and vision insurance is often available from similar providers, shows that of all the different types of insurance you can spend your money on, there is a real belief that dental and vision health are two of the most important health measures for most of us.

What’s The Point Of Dental And Vision Insurance

One of the most important things about our dental and visual health is that, with regular attention, we can keep it pretty much under control. Our teeth and gums, as well as our eyes are vulnerable to disease, just like the rest of our bodies, but can be easily managed, with the expert advice that dentists and opticians can provide.

You see, dental and vision insurance concentrates more on prevention than cure – though the specialists in the field deal with this too! Having a good policy for both of these will always be a great investment as they will not only prevent nasty bills, but they will encourage regular inspections of your mouth and teeth.

If you are working, you may well find that your employer will provide either free or discounted dental and vision insurance. If you are able to take advantage of this it might well be one of the best things you can do.

Remember, your visual and oral health are very important (just imagine what it might be with problems in those areas), so a sound dental and vision insurance policy might be worth the investment as soon as you like!

Buying insurance for your home may not be the most enjoyable task in the world but it is a necessary one. There are however things you can do that can make the purchase of a policy relatively simple and stress free.

To start, check the insurance website of the state you reside in. If you are one of those people who were not aware that your state had such a website then you are not alone. Many individuals do not know this. It is worth researching further however as such an online resource can have its share of valuable information. For example, at the site you should be able to find names of companies as well as the ratings of companies, complaints and fraud reports.

This is all very significant because it has to do with the area in which you live. It does you no good whatsoever to know that any given provider performs at its top in another state that is thousands of miles away from you. What you want to know is whether the service in your part of the country is good or not.

Your next step should be to go online and search for companies that make it their business to rate insurance firms. This is particularly relevant if the companies you are considering are well known companies. Two of the best sites to check out for this include A.M. Best and J.D. Power. These sites offer an array of information on select companies. Examples of this include policy features, pricing, billing, claims and overall satisfaction ratings. When perusing a site that rates companies make sure that the surveys that they conduct have a basis in service quality and customer satisfaction (or more specifically, independent customer satisfaction).

Before buying coverage from any insurance company you need to find one that is solvent. In other words, the financial health of the business in question is essential to your decision. Do not trust your home to a company that is having financial problems! You need to find out if they have enough money to pay out in the event that you need to file a claim with them. This pertinent information is given out on a quarterly basis and should be able to be found with relative ease over the Internet.

Lowest rates are something everyone looks for when it comes to any type of insurance. A homeowner policy is no different in this respect. The Internet has made comparison shopping simple and convenient. In fact the rates you are looking for are virtually at the tips of your fingers! Do a search and you will find any number of websites that can provide you with instant quotes. Find a site that you like and then use it to zero in on the rates that are the lowest around. This is a faster and often less frustrating way to look for coverage for your home in comparison with having to call company after company to inquire about rates, or spending hours on the telephone with an agent or broker.

Business purchase financing is one of the major hurdles that both the buyer and seller need to address early in the process. Many deals are not completed because the funding could not be secured. In the current lending environment, banks are more stringent than ever, so both buyers and sellers should be aware of what is needed to successfully secure a lending partner.

An overview of Business Purchase Financing

SBA 7a loans are often used for business acquisitions for transactions that range from $250,000 to $2,000,000. Banks underwrite the loans and the SBA guarantees them. Many buyers think that because the SBA / federal government is guaranteeing the loan that it will sail through. This is simply not the case. Banks will lose money if the buyer defaults, and the SBA has rigid guidelines that the banks must follow. More information on this topic later.

It is difficult to secure business purchase financing for deals below $250,000 and above $2,000,000. For deals below $250,000 buyers usually use home equity, savings, grants, seller financing or combinations thereof to purchase a business. For deals that are above $2,000,000, small M & A deals, the financing structure varies and is beyond the scope of this article. Banks usually will not finance a business unless that business has a documented history of profitability.

A View of Business Purchase Financing from the Bank’s Point of View

What exactly is the bank financing ? Unlike real estate, the bank is primarily financing goodwill which is intangible. The bank is financing an ongoing concern, a income generating operation, that is switching from one owner to another. The transition represents risk to the bank. A business may have been successful under one owner, but that owner is leaving! The new owner could run the business into the ground. Since the bulk of the sales price is goodwill, not hard assets, the bank would be left with very little to recoup any losses. Enter the SBA. Without the SBA these loans would not exist. With this being said here are the concerns of the banks – Cash flow, fixed assets, credit and history of the buyer and collateral. The SBA has criteria for these areas and each bank also has their own ratios for each of these items and some are more aggressive than others. (Remember, the banks do their own underwriting) Banks look at both the financial history of the buyer and the business to make their decisions.

Important factors buyers should know about business purchase financing before beginning their search

1. Down payment. Business purchase financing almost always requires 10% – 30% cash equity from the buyer. A seller’s note may be counted as a part of the down payment but the buyer will still need at least 10% – 15% cash to invest. The buyer can use home equity, pensions, IRAs etc. for down payments.

2. Credit. Buyers need to have excellent credit. Any negative credit history at all will be a problem. A very detailed personal financial history form must be completed and approved by the SBA. If you are married the SBA will also look at the credit of your spouse. If your credit is less than above average you may be able to get approved with non-spouse, co-signer.

3. Experience of the Buyer. For business purchase financing to be secured banks and the SBA will look at the experience of the buyer to gauge the degree of risk involved. If a business is highly technical or require significant expertise then the buyer will probably need that on their resume. For less complicated businesses, any sort of business leadership experience is very helpful. Buyers would be smart to have a resume prepared that documents past business operation experience. (Any, however insignificant, is better than none)

4. Interest rate. The rates are negotiable and it is advisable to shop the market. SBA loans are limited to 2.25% above the prime rate in the Wall Street Journal for loans with maturities of less than 7 years, and limited 2.75% with maturities of 7 years or more. As of this writing, Feb 2008, the WSJ prime rate is down to 6% from 7.25% only a month ago and 8.25% a year ago. Great news if you want to purchase a business. (6+2.25= 8.25%)

5. Term of Loan. Varies by bank. Many banks advertise up to 25 years for SBA loans. This is usually for a SBA loan that involves Real Estate. Straight business purchase financing is usually 7-15 years.

6. The discretionary earnings for the business should cover the debt and provide the buyer with a reasonable income. (Another reason that your personal financial history is required) Banks are realistic, you need to pay your bills. Alternative sources of income helps – spousal, investment, rental, etc.

7. Seller involvement. If the seller is involved with the business post sale and has a stake in the outcome that reduces the risk to the bank. Small seller’s notes are often needed and the seller may be required to continue to work in the business for an extended period of time.

A good idea is to speak to a banker that specializes in SBA loans, a business acquisition loan broker early in your process. Also, when inquiring about a business ask the seller or the broker if the business qualifies for SBA financing.

http://www.sba.gov is another great resource. Check to see if there is a SBA small business development office in your area.

The JP Morgan Chase Company is one of the most well-known banks in the United States, and the Chase Ink Business Plus card with unlimited rewards is one of the most popular cards out there for medium to large sized businesses. Here’s what you need to know about the Chase Ink with unlimited rewards to decide if will work for you and your business.

The Chase Ink with Unlimited Rewards is designed with business in mind. Not only does the bonus structure cater to those business men and women that travel a lot, but also offers higher reward thresholds, and premium benefits for businesses. The card is accepted all over the world.

How do the Points Work?

The Chase Ink Unlimited card gives you a point for every dollar that you spend, and there is no cap on the amount of rewards that you can earn. Also, there is no expiration date on using your points. You can also get double points anytime you buy airfare through the Ultimate Travel Rewards Program, which has several travel options to choose from. If you really want to get the most out of your reward points you can use the Ultimate Rewards Mall to make purchases, which gives you ten points for every dollar that you spend.
Bonus Points

The Chase Ink with Unlimited Rewards offers you bonus points when you spend a certain amount of money. You get 15,000 a year for spending $100,000 or more annually, and then the next year, you’ll get 25,000 bonus points for spending at least $100,000 yet again. As an added bonus, you can use the points on air travel with no blackout dates and no restrictions whatsoever. Also, you get a 25% bonus if you spend your points on air travel, and the points will be transferred to full value for frequent flyer bonuses.

Ultimate Rewards Program

The Ultimate Rewards Program is a bonus that comes with your Chase Ink card. It is a site that can help you with your travel, or to order additional cards for employees. You can also easily track employees spending there and get real time updates on use of the cards.

Annual Percentage Rate
One of the best features of the Chase Ink is the introductory APR. For the first six months, you won’t pay anything and the first year’s annual fee is free as well. After the first six months, the APR is still very low. The annual fee is much less than many business credit cards as well.

Home-ownership guarantees approval even with less than perfect credit, this is due to the fact that an asset securing a loan provides the lender with enough guarantee that his money will be recovered one way or another. However, since the loan industry has become increasingly competitive, the differences between secured and unsecured loans have faded and loans for tenants have become more and more common.

Advantages

Unsecured Tenant Loans have many benefits that make them very attractive even for homeowners. This particular fact is somehow amazing: even though they are probably the only source of finance for non-homeowners other than payday loans, they are not an expensive source of finance and since there is no risk of repossession due to their unsecured nature, many homeowners prefer them over secured loans.

The interest rate charged for unsecured tenant loans is lower than pay day loans, lower than cash advance loans and lower than credit cards. It is only somewhat higher than secured personal loans. But, as stated above the difference is not that significant and besides, non-homeowners cannot apply for secured loans.

The loan amount you can request ranges from a couple of thousands to hundreds of thousands. It only depends on your credit score and on your income. Outstanding debt may also limit the amount of money you can request but the income is the main factor that will determine whether you can take another loan or not.

As with the loan amount, the loan length also depends on your credit score and income. A good credit score provides you with flexibility so you can decide whether you want a short term loan or a long term loan. However, a limited income will imply that the loan length has to be extended as needed to keep the monthly payments affordable.

Drawbacks

As explained above, the interest rate, loan amount and loan length are not really drawbacks when you compare unsecured tenant loans with secured personal loans. It is true that the interest rate is a bit higher, that secured personal loans let you borrow as much money as you want up to the whole value of the asset used as collateral and that the loan length can be extended up to 30 years. However, though an unsecured tenant loan cannot provide these benefits up to these boundaries, it can get close enough if your credit score lets you. And this one is really the only drawback.

Credit score will limit your ability to get finance with these loans. You can get an unsecured tenant loan even with bad credit but the amount of money you’ll be able to request will be significantly lower than if you had good credit and the interest rate charged will also be a lot higher. Yet, it may be the only source of income available for a non-homeowner with bad credit, except for payday loans which have even higher interest rates and shorter repayment programs.

The government of the United States under President Obama has placed extreme importance on the financial stability of the Americans, and is serious in the quest of seeing many people succeed financially within the nation. Thus financial failure is not seen as an option, and the government is trying its best to not allow heavy financial failures to bug the life of the population. Nevertheless, credit card debt issues continue to bug the people of the country, and thousands fall into this trap every day. Worry not however, there are debt settlement solutions available for your convenience, specially arranged by the government through effective debt consolidation loan programs.

Through this program, the government provides sponsorship and endorsements for debt settlement companies that provide these kind of loans to help people eliminate their debts. If you browse the FTC site, you would be able to find a list of various firms and agencies that receive sponsorship and recommendations from the United States government, so that the people can make a more effective and calculated choice. The population would also be able to differentiate the legal and legitimate debt relief companies from the scams and hoaxes with this effort by the government. You do not have to worry about doing extensive research anymore to check on the legality of the debt settlement companies, simple visit the site and choose from one of the established companies listed there.

Debt consolidation loans would allow you to combine all your debts under one single account with lower interest rates and longer repayment periods. This would help you eventually get rid of all your credit cards debts, and leave you debt-free. Many of these government-endorsed programs are on an income-based repayment plan, that means you do not have to worry about paying back more than what you can afford. This would definitely reduce the burden of the people, and help them manage their debts in a much more effective way.

These government-sponsored debt settlement programs have proven to be blessings for many of the population out there in their efforts to eliminate credit card debts. Opt for one of them, and you would successfully be free of debts within a few short years! All the best!

If you’re looking to buy property that you can actually afford, then perhaps you should consider a mobile home. If you’re looking to buy a new home but don’t have adequate cash to make a big down payment, there are low down payment loans just for mobile homes that are available. However, when you’re shopping around for a low down payment property loan, it’s essential to ensure that you select a trustworthy lender. There are a lot of scam lenders online who try to take advantage of borrowers who are searching for mortgage loans that allow for low down payments.

Types of Mobile Home Loans

There are two familiar types of mortgage loans for manufactured homes and they are as follows:

Real property mobile home loans: These loans cover both the home and the lot on which the home is built. This loan is similar to any other type of mortgage loan and has similar prerequisites for introductory down payment like any other conventional home loan.

Personal property mobile home loans: These loans are meant for just the manufactured home and don’t cover the lot. They have similarities with personal loans but might still have down payment prerequisites dependent on the lender.

Other loans of this sort exist, such as construction financing loans, personal property loans and real property loans, which are some of the most popular.

Getting a Low Down Payment Mobile Home Loan

The best place to start your search for a low down payment loan is with the financial institutions that you deal with. They include the following:

The bank or credit union where you have a savings or checking account. Lenders who have previously offered you a loan.

On certain occasions, lenders offer affordable interest rates and other favorable terms to their existing clients. This is the reason why you need to begin with lenders that you’re already working with. You must remember that your search shouldn’t leave out all other lenders, since your current lender might not always offer the best terms or interest rates.

Not every lender offers loans for manufactured homes, so when you’re contacting them to make queries about down payment necessities and rates, make sure to determine that the loan is for a manufactured home.

Down Payment Requirements

Down payment requirements for manufactured homes differ from one lender to another. The amount that you have to put forward as a down payment is dependent on different elements. For instance, a low credit score might cause the lender to ask for a bigger down payment for approving the loan.

Outcomes of Low Down Payments

A low down payment on a manufactured home loan might have financial consequences. A low or no down payment might attract a higher interest rate than a mortgage loan with a 20% down payment. You might also face extra monthly fees, like private mortgage insurance. Keep in mind that with larger down payments, your monthly loan payments will be smaller.

Benefits of Smaller Down Payments

Some borrowers lack the funds necessary to make a considerable down payment. In this situation, a smaller down payment is the only means to buy a manufactured home. Some borrowers favor the use of available cash to pay for closing costs rather than having them included in the loan. By contrast, some borrowers wish to become homeowners with some cash in the bank, and therefore opt for more financing.

Government debt consolidation loans are loans offered through various government programs to pay off multiple loans. This enables an individual to take care of one single monthly payment compared to 3 or 4 payments to different creditors. This is the principle of debt consolidation. Debt consolidation also helps by lowering the interest rate by switching from unsecured debt to secured debt.

The federal government has various programs that help particularly students in debt to consolidate their loans to quickly reduce and eliminate their debt. Students typically have student loans, credit card debt, and medical bills that keep them in a state of high debt. The Department of Education pays off the original federal education loans and issues a new loan for the consolidated amount of the old loans. This is done as part of the Direct Consolidation Loan Program.

The Federal Family Education Loan (FFEL) Programs and the Direct Loan Program are programs that fall under the Higher Education Act (HEA) and allow loan consolidation. This works by issuing a new consolidation loan to the borrower that pays off the borrower’s existing loans. The borrower might have contracted the existing loans from various lending agencies, which have different terms, repayment dates and arrangements. Paying off these multiple loans with one loan and making a single monthly payment helps individuals effect timely payments at a lower interest rate. With a consolidated loan, the monthly payment amount is generally lower. Moreover, there is increased clarity as to the total term of payback, the exact interest rate charged, and the payment due date. In most cases the payback term can be increased to ease the payoff process and reduce the monthly commitments.

The government debt consolidation loan program has four plans for the borrower – standard plan, extended payment plan, graduated payment plan, and income contingent repayment (ICR) plan. Each of these plans has features that suit the situation of a borrower, thus providing the flexibility required of a debt consolidation and elimination program.

There are so many options available that give you convenient ways to use your money. One great option that anyone can take advantage of is using a prepaid debit card. This is more secure then carrying around cash because most of these cards include protection against fraudulent purchases. A prepaid debit gives you the freedom of purchasing items at any retailer which accepts credit cards but without that big bill at the end of the month. In addition you do not get charged any interest the way that credit cards do because it is your own money, rather than money that you are borrowing from the credit company.

An account like this also promotes that you are guaranteed approval with verified identification because they do not perform any kind of check on your credit history. Having a prepaid debit card can save you money quickly since there are no overdraft fees applied to your account at any time. The card can be used to take out cash quickly at an ATM as needed.

Another great benefit of having a debit card is that you will be able to use the money loaded onto it to pay your monthly bills online. This will save on cost and allow you to get the bills paid in full in a timely manner. If you have a bill that you forgot was due you can go online and pay it off with your debit card easily rather than mailing it in to save yourself the hassle of being hit with a late fee. The Bill Pay service online is offered completely free of charge for most prepaid debit cards.

Prepaid debit cards offer you to get your paycheck direct deposited into your account automatically so that you will not need to get your check cashed regularly. You will have access to the money from your work check instantly on payday which is a great added convenience to getting a prepaid debit account. Whether you want all of your check loaded onto your debit account or only a portion of it the service is free of charge which makes it easier to receive your check each pay period.

A prepaid debit account can help boost your credit score which is a very desirable feature for anybody with a less-than-perfect credit score. In the world today we have all learned that improving your credit score can allow you to get better interest rates on loans and bank accounts which will get you to save more in the long run.