Technical Communication Markel

A Step by Step Guide on How to Get a Business Loan

Copyright (c) 2010 Trey Markel

On December 17, 2008, the prime rate in the United States was dropped from 4.00% to 3.25%, the level that it currently stands at right now. The lower interest rate was initiated by the Federal Reserve to stimulate lending to individuals and businesses, the first salvo in the war to combat economic recession. On the surface, it appears to have made very little difference. The economy in the United States still declined and unemployment rose to a record high rate of over 10% in some states. Despite that, there's no way of knowing how much worse things would be, were it not for the lower prime rate. Today, as the nation crawls out from the hole it's been in, businesses are beginning to look for funding to expand or in some cases just to stay afloat.

There is a process involved in getting this funding, requiring a step by step approach and some knowledge of exactly how to get a business loan. That process begins with an evaluation of needs, continues with an examination of loans and funding options available, and hopefully culminates in a business loan which will help your company achieve its goals. It's not as simple as it once was, when all you had to do was show up at your bank and put some collateral up to get a loan. Credit score is now a factor, as is credit and payment history. The nature and success rate of businesses in your industry will also be taken into account. After what was a horrific three year period for banks and lending institutions, you're not going to be approved for a business loan without some heavy duty footwork on your part.

Evaluating Your Needs for a Business Loan

Just because you can do something doesn't mean that you should. Before you apply for a business loan, evaluate the reasons why you need one. The economy is improving. Are you running in the red right now or are you managing to pay your bills and make a small profit? Taking out a loan to increase profit margins is one thing, but is the debt you're taking on worth the return you'll get back from it? Make sure when you calculate these numbers that you include the interest payments and any fees the bank charges. Add up total cost and then project returns and how exactly those returns are going to be realized. There has to be a plan of some kind and the bank will want to see it before they give you anything.

Where to Go for a Business Loan

A Treasury report released at the end of last year showed that major banks had decreased business loan balances by $1 billion in the last quarter of 2009. These were the same banks that received TARP funds from the federal government's bank bailout. Justifying the cuts as prudent management, they nonetheless all pledged, after some pressure from the Obama administration, to increase lending in 2010. Some of those pledges of more business lending came from major players in the banking industry. Bank of America (5 billion more), Wells Fargo (25% more), and JP Morgan Chase ($4 billion more) have all increased their lending this year, though much of the JP Morgan Chase lending is in the form of business credit cards.

There are also online resources available, including sites that will shop your loan request around to various banks, financial institutions and private lenders. There are different types of business loans, including working capital loans, merchant account advances, secured and unsecured loans. You can borrow against money that is owed to you and you can use your credit card receipts from recent months as proof of your ability to pay. You can even sell your future credit card sales or accounts receivables, an act that doesn't technically qualify as a loan, but bears mention here. No matter which way you go you'll be facing the same questions and need the same set of numbers to back up your request for funding.

What do Lenders look for in Business Loan Applicants?

A simple rule of thumb when doing a self-evaluation of what the bank will look for is to look at the five C's: Character, Capacity, Collateral, Capital, and Conditions. Character is about you and your credit score and history. Capacity is proving your ability to pay. Collateral and Capital are very similar. They both offer a guarantee to the bank that you'll pay them back. Conditions refer to your knowledge of your own industry and the plan that you have for use of the money you're going to borrow. If you did your homework in the earlier step "Evaluating Your Needs for a Business Loan" this should not be a problem. The bank or lending institution will see that you have a definite plan for the improvement of your company and look upon that favorably.

Communicating with the Lender: How to finally get a Business Loan

Once you've evaluated your needs for a business loan, asked yourself all the difficult questions about credit-worthiness, and chosen a lender to apply to, it's time to walk through the door and present your case. Communication is the most important element at this stage of the loan process. You need to have the ability to explain what you want, why you want it, and how you plan to pay it back. Have a solid business plan in hand, with a detailed explanation about how you will use the money from a business loan and what you plan to do about paying it back. The financial information you present about your company should be current and accurate. The bank will turn you away of you try to rely on the successes of yesteryear. You'll also want to present alternate sources for repayment should the first plan not succeed. Remember the climate you're running a business in right now and what the banks have been through recently. If you cross all your t's, dot your I's, and anticipate any questions you'll be asked, there's no reason why you shouldn't be approved for a business loan.

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technical communication markel
technical communication markel

Communication Skills

communication skills_2"communication skills"
How can I build a good communication skills with my client?

pls help me. I want to work in spa as a therapist. Please list out 3 things how can i build a good communication skills to my client and explain why... thank you guys..

Step 1) Think before you speak. Plan your presentations and other addresses to groups whenever possible, especially in business. Even if you don't know everything you want to say, you should have a general idea. In more private conversations, take the time to be clear about the points you want to make before talking. Always be honest in your communication.

Step 2) Be an active listener. Listening is often more important than speaking. To improve your communication skills, pay attention to what others are saying without getting distracted.

Step 3) Make good eye contact. Shifty eyes make you seem less than trustworthy in business and personal life. If you are looking everywhere but in the eyes of your audience, it will arouse suspicion. This doesn't mean you should initiate a staring contest. Just make sure to put your audience at ease by holding the gaze at times.

Step 4) Take it slow. Don't slur your words together or mumble. Enunciate. If you speak too fast, then you'll lose your audience. Use words only if you are sure of their meaning. Make yourself easily understood.

Step 5) Use appropriate volume and tone. Of course, you should speak louder when addressing a group than you would in private conversations. Reflect emotion in your voice. A monotone approach is never appropriate in any setting.

Step 6) Practice; it's the best way to improve your communication skills. The more you do it, the easier it will get.

communication skills easy step #1


communication skills
communication skills
communication skills

Communication Skills

communication skills"communication skills"

The Communication Skills Module Review-The Communication Skills Module Scam

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How to communicate effectively, efficiently, build rapport with people, and drive cooperation?

How to improve our chances of getting truly heard and understood?

If we - and that's a fact - get much more information through listening to people than reading,

* Why do we spend years learning how to read, and never even contemplate how to listen

The general literature on communications skills is sometimes unscientific and many times incomprehensive and sufficient..

* What is the solution to this problem?
* How can one get a wider perspective on understanding and improving communication skills and communication techniques?
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How to utilize verbal intelligence and other communication tools and components (like body language, Active listening, and understanding hidden messages) to:

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In an increasingly connected world, communication skills are becoming much more essential for success... Yet there is a frightening amount of miscommunication...

The huge growth and increase in communication and the increasing 'noise' around us, create more motives and incentives to master and improve our communication skills, communication techniques and communication understanding...

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Effective Communication Skills Video


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communication skills

Technical Writing Bangalore

technical writing bangalore"technical writing bangalore"
Which is the best technical writing institute in Bangalore?

@Rahul,

I have done a detailed study on the technical writing institutes in Bangalore & I have visited most of them, there are few institutes which promises 100% placement like TWB but 80% of the students who undergoes training in these institutes are not given jobs by these institutes. By my experience, I suggest you should go with the quality of the trainer than the brand name of the institute. Look out for medium sized institutes like Black & White tech writing solutions- www.bwtechwriting.com , my colleague underwent training in this institute & has given an excellent feedback about the training, I am quite impressed & I am also planing to join the course shortly.

TWB Jerine


technical writing bangalore
technical writing bangalore

Technical Writing Institutes

technical writing institutes"technical writing institutes"

Coaching Institutes

A student joins a coaching institute for a little extra study for little extra marks. These days, the trend of coaching institutes has grown immensely among students with the growing competition. Previously, during school times, the students studied on their own from the text books and scored average to good marks. But the trend has changed and now both the parents and students want to the report cards to reveal the best score.

The shift in the trend has emerged from peer pressure as well as the pressure put in by the parents and teachers. Somehow, these days, students just don’t feel satisfied with whatever they have studied in the school. In the evening they have to go to a nearby coaching institute to for some extra studies. In fact, coaching institutes are also a place where they feel they can hang out with their friends in the evening. These institutes have become a reason for them to move out and socialize a bit.

Joining a coaching class has now become the in-thing. Students believe that this way they don’t have to worry and will not have to study on their own. A coaching institute is also a kind of networking that students indulge into for exchanging notes, books, and other such things.

At times, even when students take these extra efforts of going to a coaching institute and studying there, they are still not able to score promising marks. So, the question arises, how helpful these institutes are and can a student manage to score well without taking any sort of coaching?

1. The purpose of a coaching centre is to use special teaching methods and attempts to prepare a student specifically for the exam he / she is planning to write. Such an institute provides good study material such as assignments, mock test papers, which students usually do not get in a school or colleges in India. These factors help a student write in a better manner for a competitive examination.
2. Another advantage of a coaching institute is that it pays special attention to every student, which is quite unlikely in a college or school. It prepares a student meticulously to write the exam by regularly conducting mock tests. Other than that, in a coaching institute, students are provided with useful assignments which help them in preparing for tests. It also encourages students to elucidate their doubts and discuss with other students, as students are more open to interactions in a coaching institute. Another problem that a coaching institute tackles is that of personal guidance. Usually, in schools and colleges, students don’t get personal attention. Coaching institutes make sure that queries of each and every student are answered. Coaching institutes also guide students on how to study, what to study, etc.
3. One of the most significant advantages of taking up coaching is that one gets to know the pattern of the kind of questions, what was asked in previous exams, which chapter or question should be given more importance etc. These centers cover detailed syllabus, which is usually not covered in regular colleges. This saves students from running around to collect old questions papers or from referring to different kinds of books. Besides that, by joining coaching institutes, students follow a certain study routine and time table.
4. Of course, scoring well should not be the sole purpose of the students to join a coaching institute. This decision should mainly depend on the caliber of a particular student.

There was time when there were no coaching centers. At that time several students were able to clear their examinations. One should keep in mind that more than the coaching, self-study and focus is much more important.

A lot of people feel that coaching centers are nothing but just means to earn cash as such institutes charge a hefty-fee from students and students are ready to pay it. Students hope that they will benefit from the coaching and if they benefit it is worth the cost. It is, in fact, debatable issue whether a student should study in a coaching institute or he / she should study on own.

If a student is strong-minded and focused, he / she might be able to swiftly clear all kinds of exams without any help. Such a student might not even feel the need to join any kind of a coaching institute ever.

About the Author

Sukhpreet Kaur Sawhney writes on behalf of NaukriGulf.com. NaukriGulf.com is an leading portal for jobs in Gulf Region, Jobs in Dubai, IT jobs in Dubai. Naukri.com's foray into the Middle East is an Endeavour to provide established client base with services that best meet their international requirements as well as expand our operations on to a global arena.

TWB Technical writing institute


technical writing institutes
technical writing institutes

Bangalore Technical Writing

bangalore technical writing"bangalore technical writing"

How To Choose Specific Degree Programs And Courses

The best way to determine if a technical degree program is right for you is to consider what you want as far as careers go. If you want to be an electrician or a physical therapist then a technical degree program may be the best option for you. There are a lot of different points to consider when you are considering a technical degree program or technician courses so just make sure you think everything through before you taking a decision.

bangalore educatrion

Do you want to learn other things or just your one specific trade? Although I am very interested in acting, writing and directing in film/theatre I do want to learn other things within the English, History, Psychology, Science, Language, Art categories. This is why I chose to attend a liberal arts college rather than a conservatory for film/theatre acting. It made more sense to me. Also because I wanted to be able to hold a degree in something else as well as Drama that way I would for sure have a way to earn an income. If you want to learn about more things than just your trade then you shouldn't attend a technical degree program. Remember, sometimes four year colleges and selective liberal arts colleges are just as much as state schools so don't cross any college off of your list until you've applied and gotten your application decision back with your financial aid decision. Always keep your options open.

Is your career one that is taught in a technical degree program only or is it taught in four year colleges as well? You may want to check out all of your options. If the career you want to do such as a beautician is only available in technical degree programs then you should definitely do those. However, if your degree could be found in a four year college then that's something you'll have to think about. Compare costs, living situations and learning environment. Make sure that wherever you go is where you'd be happiest. You can't learn if you are unhappy with your living conditions.

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Lastly, you'll want to consider how much you'll make a year (on average) doing what you want to do compared to the different colleges you could attend and their cost. It might not be worth it to go anywhere but a technical degree program school. Just be sure that you thoroughly consider all of your option and that you keep an open mind with whatever it is you decide to do with your life.

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Get complete information about india education that includes delhi education, colleges and universities along with mba colleges in pune and lots more in colleges and universities in different states of India.

Akash's CMS session for Bangalore TW Meetup Jan '08


bangalore technical writing
bangalore technical writing

Technical Writing In Bangalore

technical writing in bangalore"technical writing in bangalore"
is technical writing course useful? will it fetch more job opportunities?

I want to pursue the course in TWB in bangalore. please let me have your views. I am 62 and intend to become a technical writer in my second career.

It's useful in the sense that it helps train your mind to be focused and logical, but in and of itself it really won't bring a bunch of job opportunities your way.

ABINDIA4U August 5 part4 2010 sherya ghoshal


technical writing in bangalore
technical writing in bangalore

Markel Technical Communication

markel technical communication"markel technical communication"

Health insurance quotes reform Obamacare updates

Health care spending projections for the next decade, published in the journal  Health Affairs last week, appeared to have a little something for everyone. Prepared by Medicare's Office of the Actuary, the report notes that health care spending will increase 0.2 percent faster than previously projected due to the health reform law's many changes to the system. As a result, The New York Times proclaimed that the "health plan won't fuel big spending," causing an annual spending increase of 6.3 percent rather than 6.1 percent. The Christian Science Monitor, on the other hand, warned that reform will definitely cause health insurance costs to rise and that Americans should be on guard for big increases in 2014 when many of the law's major provisions kick in. Spending on health insurance is expected to increase 12.8 percent in 2014 as millions of uninsured Americans gain coverage. However one interprets the results of the report, it is clear that rising health care costs remain unfinished business.

ARIZONA: The Senate has established an Ad-Hoc Committee on the Impacts of Health Care Reform Implementation. The Committee will hold its initial meeting later this month. The preliminary agenda includes: Arizona Health Care Cost Containment System (Medicaid) requirements; insurance reforms; impacts on health care providers; and tax implications. Members appointed to the committee include AHIP retained counsel, clinical and employer representatives, and representatives of the Goldwater Institute, a conservative think tank.

COLORADO: The Division of Insurance (DOI) has applied for a $1 million health insurance exchange grant. If awarded, the funds will be used for research and developing recommendations for implementation of an exchange. Specific areas mentioned include modeling on adverse selection, value choices, increasing actuarial staff and determining the actuarial effects of benefit packages within an exchange and in the external regulated market. The Department of Regulatory Agencies finalized three regulations that define the standardized electronic identification and communications systems to be used by all health plans operating in Colorado. The regulations are the result of 2008 legislation requiring carriers to use systems certified by the Committee on Operating Rules for Information Exchange (CORE). Carriers must be able to demonstrate their compliance by Sept. 1, 2012.

DELAWARE: The Department of Insurance (DOI) has issued a bulletin regarding recently enacted legislation that prohibits rescissions based on medical claims underwriting. The legislation signed into law by Governor Markell on August 30th prohibits rescission, cancellation, or limitation once an enrollee is covered, except in cases of fraud or intentional misrepresentation of a material fact. Effective Sept. 23, 2010, prior approval by the Commissioner or her designee is required before a health insurer may rescind, cancel or limit existing coverage based on written health or medical information.

LOUISIANA: The DOI has applied for a grant related to health insurance exchanges. Aetna, along with the Louisiana Association of Health Plans, will participate in a meeting with the DOI to discuss the grant and other issues related to health care reform.

NEW JERSEY: The Department of Banking & Insurance (DOBI) last week issued a bulletin providing template contract riders that insurance carriers can use for the large group market and the (non-reform) individual and small employer markets to describe changes to comply with the Patient Protection and Affordable Care Act (PPACA). The rider templates, which may be used by carriers without submission to DOBI for formal review or approval, address the following health benefit plan requirements: Extension of coverage to dependents; annual and lifetime dollar limits; first-dollar coverage of preventive services; limitations on preexisting condition exclusions; and rescissions. A carrier not using the rider template must submit their own forms for DOBI's formal review and filing, or approval to bring benefit plans into compliance by September 23, 2011.

OKLAHOMA: DOI Commissioner Kim Holland and staff hosted an informational stakeholder meeting last week to discuss the DOI's plans for creation and implementation of Oklahoma's exchange under the PPACA. DOI intends to use issue-specific working groups to manage the task going forward. The state's online Medicaid enrollment process went live September 7 and processed over 2,000 applications with a 60 percent approval rate the first 28 hours. Over 400 apps came from hospitals that provided overwhelmingly positive feedback. This web tool was referenced as a possible "starting point" of the exchange's eventual infrastructure. The DOI submitted an application for a $1 million Exchange Planning Grant in August and expects to hear a decision from HHS by the end of this month. If awarded, the money will be used, in part, to hire a consultant to assist with an RFP to hire a vendor to help build the exchange. Other topics of conversation focused on the more technical and difficult aspects of building an exchange, such as coordinating billing/payment through employers, collecting and reporting data on those entitled to tax or premium credits and cost sharing subsidies,   allowing/finding/identifying navigators to assist consumers, and deciding if any additional state benefits/mandates would be included in coverage. Aetna will stay active in this process by serving on future workgroups when appropriate.

WYOMING: The DOI has submitted its plan for a health insurance exchange grant to the federal government. The DOI will use $800,000 to fund a study, to be overseen by a Governor's task force, of the feasibility of three exchange options. The options include (1) operating a Wyoming state exchange, (2) participating in a regional exchange, or (3) allowing HHS to run the exchange. This study would occur in two phases:  phase one would help educate task force members and consult with stakeholders and experts on operating an exchange in the state;  phase two would include implementing the recommendations of the task force if it is decided that Wyoming should participate in the operation of an exchange. DOI has indicated that no legislative action is necessary to carry out the duties of the grant, unless the state decides to pursue the operation of an exchange. The white paper also outlines that several key governmental agencies will participate in the efforts, which will be facilitated by the University of Wyoming.

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health insurance quotes
Health insurance quote

markel technical communication
markel technical communication