Dog Days Of Summer For Small Business Analysis

For instance often , industry associated with fashion and apparel offer seasonal discounts on their products after every six month with change in season.

Borrowers when require paying any kind of sudden bills or wants to repair their cars, they are currently in shortage of funds; they opt for these kinds of loan. Taking this kind of loan helps the borrower to get the amount instantly in their bank accounts. The overall procedure is done over the internet. Borrowers can apply for this loan online and fill the application form. It generally takes 10-15 minutes to get the loan approved and the amount is transferred into the borrowers’ bank account. For being eligible for this kind of loan, the borrower must be above 18 years age and must be an employee of the state with a monthly income of $1000. The loan is for a very short period of time of approximately one month and the repaid amount is much higher as the rate of interest is also high in this type of Payday loan.

The operator of this website, LendYou.com is not a lender but a loan broker with a large network of authorized lenders. LendYou.com is an advertising referral service to qualified participating lenders that are able to provide payday loan amounts between $100 and $1,000 in cash advance loans and up to $5000 for installment loans. Not all creditors can provide these amounts and there is no guarantee that you’ll be accepted by an independent participating lender. The service does not constitute an offer or in any way a solicitation for payday loan products that are prohibited by any state law. LendYou.com do not endorse or charge for any service or product. Any payment received is paid by participating creditors and only for advertising services

I recommend that we find out what about October spikes sales, and try to apply it to the rest of the year. Also, I’d consider adding special sales and discounts in March and April, the lowest sales months of the year, that should help perk up

Debt is among the greatest challenges we face today, personally and as a country. More and more people are falling into this growing problem. Payday loan companies exploit this problem. Even though the loan amounts are relatively low, the

Payday loans, sometimes referred to as a cash advance, are short term loans for relatively small amounts of money that are lent at a high rate of interest and are suppose to be paid back when the borrower receives their next paycheck.

In the article “Me, The Other Scott, and Payday Loans” by Scott Gilmore describes the negative impacts payday loan companies can have on people who are not fortunate financially. Payday loan companies loan money to people with low income who are need of money, but the interest is 10 times more than it would be at a bank. I think this type of method of loaning money is not helpful because in return they ask for more. It is interesting to know that many are still following and using this type of banking when they are aware of the circumstances it has. It is however true that when people are need of money, they will use any way to solve their problems, as it is also stated in the article “These are respectable people with jobs facing an unexpected

Also known as a short term loan, cash advance, fast cash, cash loan, bad credit loan or deferred deposit, a payday loan is an unsecured loan, usually for a small amount ranging from $100 to $1,500, that is intended to be a temporary solution to meet your financial needs until your next payday. Another way to look at a payday loan is that you are making out an electronic check for the amount of the advance, plus a fee, to be held until your next payday.

As the U.S. economy continues its struggle to climb out of a deep recession, personal loans remain very difficult to secure. Having shouldered much of the blame for the financial hardships that have befallen consumers across the nation, many banks now require potential borrowers to meet strict criteria for an approval. With the financial institutions being more selective about who they assist, Detroit locals like Ashley Wright are learning that consumers with excellent credit and decent paying jobs are the most likely to make the cut. "Getting an approval was definitely a journey," said Wright, who was in search of a personal loan to help out with school and living expenses. Wright found that a private bank was the best place to turn for

Mr. Paul Mackay, a sole proprietor, has approached the Commercial Bank of Ontario in order to obtain an additional $194,000 bank loan and a $26,000 line of credit. Paul owns and operates a general merchandising retailer in Riverdale, Ontario named Lawsons’. The bank loan is needed for Mr. Mackay to reduce his trade debt that has a sheer 13.5 per cent interest penalty. The line of credit is needed for sales seasonal downfalls so that Mr. Mackay could properly manage those tough months. Jackie Patrick, a first time loans officer, has been appointed to Mr. Mackay’s request. Although anxious to finish her first loan, Ms. Patrick knows that this particular case is a difficult one.

Holiday season accounts for a large percentage of retail sales, and retailers are expecting an average increase of 6% in sales this year compared to 2014 sales numbers. This increase is driven by the popularity of online discounts. Brick-and-mortar retailers are not expected to be as successful as

Low interest loans from non traditional credit providers do exist, many of these are provided by non-for-profit groups. “Six hundred and fifty services nationwide offer no- or low- interest loans through Good Shepherd Microfinance.” (Stephen Long, 2015) Microfinance is a term for financial services targeted to people on low incomes, welfare or otherwise financially excluded and can not obtain traditional loans. They provide a service that is basically the same as pay day loans but without the high interest or short term time frames. The Australian government has a duty to protect vulnerable people from pay day lending, they need to finance programs of Microfinance like Good Shepard who “have reached more than 170,000 people previously excluded from mainstream banking access to loans and savings, with repayment rates consistently above 95%.” (Good Shepard, 2015) If the government can effectively implement government-run alternative credit providers, and step in and finance the already successful programs like Good Shepard, as well as making these alternative services known and accessible to consumers this will greatly reduce the harm pay day lending can cause. An education campaign to accompany the new alternate credit options would also help consumers better understand how pay day loans work and therefore make them aware of the risks they are taking when using the high interest services. However, most of the 1 million Australians using pay day loans are fully aware of how exploitative the industry is, but it is still the most rational or only option they have to obtain money when they are desperate. This is not only deeply concerning because it indicates how many people in our society are financially insecure, but is a clear sign that stricter regulation is not going to solve the problem unless consumers have alternate

Not only does seasonality play a role in Ross’ sales, but also technology. Sales have been slowly but steadily rising meaning that businesses are positively making profits and growing from past years production and profitability, this is always important because one at all times wants to see that the company is headed in the right direction as far as growth and profitability is concerned. It is great to see that at the moment the U.S economy is rising for the better of the businesses and of the people. (Amadeo, 2016) We need more of this positive streak to keep going on so that more jobs will be created because of the companies doing good they’ll want to create more stores which means more jobs.

As Mackay, the key objective(s) entail, securing a $194,000-bank loan in conjunction with a $26,000 line of credit in efforts to reduce his trade debt and service his tight months of cash shortage (Lawsons, 2013, p. 311) in order to avoid filing for bankruptcy and foreclose his business.

Banks issue credits to organizations seeking funds for there ventures. The bank usually “prefers a self-liquidating loan in which the use of funds will ensure a built-in or automatic repayment scheme” (Block & Hirt, 2005, Chapter 8, p.