Short Term Loans to Meet Your Urgent Short-Term Needs

Short-term loans are the ones that are necessarily offered for a short period of usually less than a year. They are one-time loans and come to use when it turns difficult for you to obtain a loan from a bank with a bigger tenure plan. These loans have their rate of interest decided on the amount of the principal advance and payback periods shorter in contrast to other forms of loans.

Individual customers or businesses alike get a short-term loan that is provided by banks or private financial institutions. These loans are usually unsecured in nature. However, few banks offer short-term loans only on collateral guarantees.

Interest rates for short-term loans

Factors that determine the interest rate can be the types of the loan, which are either payday loans or personal loans that are payable in a year’s time or less and the institution that provides these loans. Generally, the interest rate for short-term loans is close to 18%.

Features:

• Can be applied by an individual, a partnership or a business conglomerate
• Can be availed even by those having poor credit histories
• Can be applied online with minimal paperwork
• Can be both secured and unsecured in types depending upon the lender’s preferences
• Short repayment period, which is anything between 2 months to 4 months.

Types of short-term loans:

Personal loans:

• Can be availed by salaried or self-employed individuals
• Loans upto Rs 30 lakhs can be availed
• Loan repayment period ranges from 6 months to 5 years
• Minimal documentation and no restrictions on how to use the fund
• Quick loan approval and disbursement within 2 to 3 working days

SME short-term loans:

• Offered by banks to companies for meeting sudden fund crisis
• Eligibility criteria include the company’s minimum annual turnover
• Composite limit is either Rs.5 crores or a fixed multiplier to the borrower’s actual net worth.

Bridge loans:

• These loans tide you over till you get another
• Usually related to transactions like simultaneous buying and selling of properties 
• Can also be availed by companies waiting for their funds to be processed and notified
• Can be borne by companies to counter expected returns.

Also Read: Bridging Finance- Its Types, Important Facts about Bridging Finance

Demand loans:

• Provided by financiers to mitigate crucial financial concerns
• Can be secured by mortgaging insurance policies and NSCs
• Approved loan amount is a typical 70% to 90% of the maturity value of the collateral savings.

Eligibility criteria

It varies depending upon the types of loans mentioned above. However, a general set of criteria to avail a short-term loan is specified below:

For individuals:

• The applicant has to be salaried or self-employed
• The applicant is eligible with only a monthly or yearly income above a certain amount, pre-fixed by the financing company
• The applicant needs to be aged between 21 years and 60 years, but again based upon the policies conveyed by the financing company
• The applicant must be able to provide all the required documents

For companies

• They may require having a past involvement with the bank
• They may require showing a successful business proposition with a substantial profit making for a couple of years or so. 
• They may require being in continuous operation for a fixed period
• They may require making a specified yearly revenue

Short-term loans with poor credit history or no credit checks

There are financing companies that offer short-term loans to a seeker with a bad credit history. The interest rates are pretty higher but still, the loan is ratified. The poor standing of the credit score dictates the interest rate.

At times, the institutions don’t check the credit history at all. Sometimes they are extended to companies to meet critical financial obligations. This facility lies at the sole discretion of the financing agency.

Top Reasons Why Motorcycle Helmets are Necessary to Wear

You have already gotten your motorcycle and you are excited to ride on it so that it can bring you to different places you were not able to go to by foot. You have saved long and hard for your motorcycle but before you use it, remember that you are required to have the right motorcycle gear so that you will be allowed to use it for cruising the streets.

One of the most important things that you should wear is the motorcycle helmet. You can find a lot of motorcycle helmets for women in the market but it will be hard to pick just one. 

You need to have a helmet that you can use for a long time. It will be that one thing that can protect your head if in case you get into an accident. If you want protection, you have to invest in it. Invest in something that is good enough to last.




You already know that the motorcycle helmet can protect you from harm but are you curious to know the other reasons why you should get a helmet now? These are just a few things to think about:

• You can wear a helmet so you will not get distracted by bugs. By the time that June rolls around, all of the bugs that you thought were long gone are going to make an appearance. They may pester you while you are riding your motorcycle and you do not want that. Check out the motorcycle helmets for sale and find one that will give you enough coverage so that the bugs will not bother you.
• Remember that a helmet is disposable but your face and the rest of your head is not disposable. The helmet can protect your face from the scratch and will save you from undergoing multiple reconstruction surgeries. Take note that this will only come true if you would pick a motorcycle helmet that does what it is supposed to do.
• You can also protect yourself from neck injuries. Let us say that it is not your head that got affected but your neck. It can still suck. You cannot move or tilt your head so much because it will hurt.
• Helmets can protect your mouth and your teeth. Even though teeth are replaceable, you have to admit that they are very expensive. There are also certain foods like steaks that you cannot chew with fake teeth especially if you would replace all of your teeth because of a crash. Protect your teeth and wear the right motorcycle helmet for protection.
• You would like to protect your ears from wagging too much because of the cool breeze. You know that riding your motorcycle can be fun and exhilarating but having your ears flap in the wind will not be very appealing especially if you are trying to impress a few people.

Take note that you also have to wear a helmet when you ride your ATV. Your ATV mud tires may seem great but what is the use of having mud tires when you cannot protect your head?

Promoting Your Business Through Social Media

It is always hard for new businesses to break through the industry. There are brands that are already more established and more reputable. People need to be sure that they are dealing with brands that they trust all the time. 

There are moments when they would be interested to try out new brands but this is only because of the influencers who encouraged people to try out a certain brand.

As a business owner, what are you supposed to do to promote properly? There are still other things that you have to think about. You need to make sure that your federal tax ID application goes through. Even if you are not a resident of the United States, you can offer your products to the target market there provided that you have an EIN number.

You can refer to Gov Doc filing if you want to know more about how you can apply for your EIN. This is great because you will learn how your personal finances can be protected no matter what the current state of your business is.




If you have already fixed your EIN, you can focus on how you are going to promote your business and your brand through social media. How are you going to do that? These are just a few of the things that you can do:

• Make sure that you choose the social media platform you are going to promote on. There are some people that you can reach better through the social media platform that you choose. Expect that the generation would be younger if you promote through Instagram as compared to promoting through YouTube wherein the users will be more diverse. Your choice will depend on the people that you want to purchase from your brand.
• Find people who can promote your brand for prices that you can afford. You may be tempted to just contact anyone who will promote your business through social media but you need to be careful. The influencers are able to get people to try out your brand. They give your products and your whole company exposure in exchange for a fee or a price. 
• Choose influencers whom you believe can represent your brand in a good way.
• Plan how you are going to advertise your products and your services. You may want to create a social media page wherein you can place all of your items for sale. This will allow people to visit this page whenever they want to check if some of the items they want are still available.
• You can also work with other brands by doing a guest post on their social media page if they could also promote through yours. Businesses can form partnerships and help each other become better. The more that your business grows, the bigger the names of the brands that you will come across and possibly work with.

There are a lot of things that you can do to promote through social media. Do you think you are ready? With LLC forms properly filed, you have nothing to worry about.

First Year in a Mobile Home? What to Know About Insurance

Well before you spend your first night in your new mobile home, you need to consider your insurance options. A solid insurance policy will be your first line of defense against a wide array of risks. 

Here is a closer look at a few things that all new mobile home owners should know about insurance.

All Mobile Home Owners Need Insurance

Most homeowners aren’t legally required to have home insurance, but you shouldn’t take any risks with your property and family. Even a relatively small policy will help you cover issues such as fire damage, theft, and vandalism. 

If you are going to take out a loan to purchase your mobile home, then your lender will most likely require you to have some type of insurance. Most mortgage companies won’t approve a loan unless the property that is being purchased is fully covered.

Every Policy Is Different

Every homeowner has their own unique needs, and there is no single policy that works for everyone. When you head to the insurance offices, your agent will need information such as the location of your property, your physical assets, and the total value of the mobile home. 

A smaller mobile home that is occasionally used as a summer getaway will need much different coverage than a larger residence that you live in throughout the year.

You Might Be Able to Bundle and Save

Most insurance providers love to offer discounts to clients that bundle all of their policies. You could potentially save thousands a year if you combine your home insurance with your auto policy. 

It is also a good idea to ask your agent about any other discounts that you might be eligible for. Some insurance companies will reduce your premiums if you carry out security upgrades or work in a certain industry.

Insurance Isn’t Just for Your Property

Many first-time homeowners are surprised to hear that home insurance policies aren’t just for their belongings. These policies cover a variety of liability issues. 

If an individual is injured on your property, then your insurance might pay for some or all of the medical bills. It could also help you cover legal fees if your pet attacks a neighbor or someone claims that your property is unsafe. 

Some homeowners even upgrade their home policies to cover larger items such as parked boats.

Purchasing a warranty is another great way to protect your mobile home and all of your belonging. Your warranty is going to help you cover a myriad of expenses ranging from appliance repairs to annual HVAC service calls.

How to Successfully Manage Money in Your Old Age

Strong money management practices are critical all throughout life. The senior years are certainly no exception to this rule. 

If you want to enjoy golden years that are comfortable, secure and 100 percent devoid of financial uncertainty and stress, these money management options can help you in a substantial way.

Set up a Budget

If you want to thrive on an income that’s fixed, a budget is essential, no two ways about it. Establishing a solid budget enables you to keep track of your money and how it’s working for or against you. 

It enables you to make any vital adjustments if at all required as well. A consistent budget can keep you accountable all month long.

Take Care of Any Debt You May Have

Try to get rid of any significant debt you may have racked up over the years. It can be wise to do this before you officially retire. You should also make a point to steer clear of tacking on additional debts. 





You want to refrain from accessing the equity of your residential property. Doing so can save you from considerable hassles.

Reach out to a Social Security Lawyer

You can become a money management powerhouse by getting into contact with a capable attorney who specializes in all social security matters. Look for social security lawyers who are diligent, experienced, focused, and thorough. 

Ask them any questions you have about handling social security and finances in general. If you want the assistance of a proficient lawyer, ask fellow seniors for good suggestions.

Downside Everything

You can manage money by downsizing everything you have. Think about moving into a home that’s markedly smaller. If your adult kids have moved out, you have no reason to keep all of their extra bedrooms. 

You can also downsize by getting rid of satellite television, abandoning country club memberships you don’t use and beyond. The more streamlined your existence is, the more affordable it will become. 

It can be liberating to do away with memberships you just don’t use anymore. Don’t forget, too, that cleaning a much smaller home is a much easier task.

If you want to become a money management wizard, there are many convenient options on hand for you. Don’t be lazy about testing them all out. Don’t be lazy about trying new things, either. Relocating to a smaller residence can often feel like a fresh new start.

Need Supplemental Income? 5 Reason to File for Social Security Disability

Many people find they run short of ready cash near the end of the pay period. That is not the same thing as being unable to pay your bills because your health prevents you from working. 

If you are unable to work full time at a job because of mental or physical health problems, you may need additional resources.

File a Claim if You Have a Qualifying Condition

Certain conditions automatically qualify for Supplemental Security Disability Income (SSDI) or Supplemental Security Income (SSI) benefits. One of the very few conditions that automatically qualify for benefits is statutory blindness. 

If a man suddenly develops a rare condition called NAION over Thanksgiving weekend, he likely lost sight in one eye within three days and then lost sight in the other eye by the end of two weeks. 

Because his corrected vision is 20/200 or worse, SSA approves any claim for benefits when he applies with proof from his doctors.

Long-Term Illness or Impairment

One would think that the SSA gives the same consideration to anyone having a debilitating illness, unfortunately, that is not the case. Even when an adult provides medical documentation of a condition that impairs their ability to work this does not mean the Social Security Administration will approve their claim. 




A review of statistics released by the SSA reveals that between 1999 and 2010, approved disability claims ranged from 31.2 percent to 41.6 percent.

If you have a qualifying physical disease or impairment that will impact your ability to work for more than 12 months, you should apply for benefits.

Debilitating Mental Illness

Mental health issues typically do not affect people until they are in their late teens to their early twenties. The onset of some mental health disorders is after age 28. Once your psychiatrist assesses your condition, you must meet certain qualifications to receive benefits. 

First, your diagnosis must fall within certain categories. If that diagnosis falls within one of these categories, Schizophrenia, Schizoaffective Disorder, certain Bipolar I disorders or Bipolar II, you may qualify for benefits.

Hopefully, your condition responds to psychotropic medication to the point where you can work full time. The second qualifying factor applies when medication fails to help you function in a full-time job. 

Many people assume that depression and anxiety will qualify as factors to receive benefits. You should know that unless your condition includes something called psychotic features the SSA often does not consider that it qualifies for benefits. 

Your situation may be different.

Traditionally, psychiatrists are among the most reluctant doctors to put any information in writing regarding your ability to work if they know the SSA is involved. 

You may need assistance from someone providing social security disability lawyer services to get the medical evidence necessary to apply for benefits.

Severe or Terminal Physical Illness

If you have cancer, HIV, uncontrollable diabetes or certain other conditions, you should apply for benefits immediately. 

The SSA has a compassionate expedited claims process for conditions like these that qualify. Your claim process will be easier, faster and you will receive your benefits quicker than if you apply using the traditional process.

As with all other conditions, the SSA requires medical proof of your condition. Unfortunately, a handful of people claimed to have a terminal illness to expedite their claim. Upon discovery, such claims were denied, however, the SSA does require medical documentation of your condition.

Restricting Disease or Illness

If you have a qualifying mental disorder or physical impairment, it may restrict your ability to work full-time. 

It can also affect your ability to obtain a job that pays enough for you to live independently. This can be devastating if you worked in a career you enjoyed, but can no longer meet the physical demands required for the job.

If you obtain part-time work in the job you enjoy, it still may not pay enough money to pay basic bills. Your career may not allow you to work in any capacity and you found employment doing something else at greatly reduced pay. 

If you make less than $1,070 a month because of a qualifying disorder that restricts your ability to earn more, you should apply for benefits through the SSA.

Although you may not get immediate financial relief, filing for SSI/SSDI benefits is your best chance for long-term financial assistance. Please apply for benefits if your condition qualifies, your benefit payments are retroactive to the date you first applied.