Month: October 2022

Commercial Loan Demand – a Mixed Bag 

In the current economic environment with rising interest rates and high inflation, it would be understandable if businesses were reluctant to access the credit markets. After all, the price of money has risen dramatically since last year at this time when interest rates were hovering near zero. However, businesses are not shying away from debt and, in fact, are turning to commercial and industrial loans more and more. The commercial real estate market, however, is feeling the pain.

The catalysts for the increase in business borrowing are twofold: a need among business owners for liquidity coupled with soaring payroll costs amid wage inflation. Loan issuance by U.S. commercial banks rose to approximately $2.8 trillion for the week ended Oct. 12, Federal Reserve data in the below chart show.


This compares to $2.771 trillion in the week prior. This amount may hover below the pandemic peak of over $3 trillion in business loan issuance, but the milestone was reached in the spring of 2020, fueled by government stimulus funds.

TD Bank is among the financial institutions that are seeing evidence of this trend despite the economic headwinds, chief among which for banks has been rates hovering at their highest rate in 14 years. TD Bank’s Chris Giamo, head of U.S. commercial lending, in an interview with Bloomberg described loan growth as “moderate,” saying,

“Depending on where rates end up leveling off, in certain sectors, you may see flat to low growth, but in others, you’ll still see growth.” 

TD Bank’s business loan book expanded by 2% between May and July 2022 vs. the year-ago period (minus any pandemic-related PPP effect.) Businesses have been hoarding cash from early in the health crisis, as a result of which they are hanging in there today. Nevertheless, small businesses continue to face a perfect storm of a talent shortage, sky-high inflation, and increasing interest rates. Businesses have been resilient in the face of these challenges, and their portfolios are not reflecting the “negative trends,” according to Giamo.

Meanwhile, business loan delinquencies hovered at a rate of 1.02% as of the end of the first half of the year, down from 1.13% at year-end 2021, as per Fed data. They are a far cry from the 4.47% level reached around the time of the Great Financial Crisis.

It’s also possible that small business loans are about to get more affordable for entrepreneurs as Washington, D.C. seeks to prop them up. A spending bill dubbed the Access Business Credit (ABC) Act is designed to incentivize small business owners to take out loans by making them more affordable. The legislation is framed so that community banks could get a tax break on the interest income they earn from issuing small business loans.

Commercial Real Estate Market

Meanwhile, the rising rate environment has taken a toll on the commercial real estate market and multi-family commercial borrowing and lending in particular.

According to the Mortgage Bankers Association (MBA), commercial and multifamily mortgage borrowing and lending are estimated to come in at $766 billion in 2022, a 14% decline vs. 2021 levels. Higher interest rates coupled with economic uncertainty have put a damper on activity in the second half of this year.

Multifamily lending is projected to fall to $455 billion this year, down 7% vs. last year’s all-time high of $487 billion. However, there is a light at the end of the tunnel as the borrowing and lending market should recover next year to $848 billion and $451 billion in total commercial real estate lending and multifamily lending, respectively, the MBA says.

Patrick Carroll, Founder and CEO of a firm that bears his name, told CNBC, “Lending is all but dried up.” He said lenders have no clarity into which direction rents are headed, or rates for that matter. So, they’re on the sidelines for financing, which has brought the commercial real estate market to an abrupt halt.

The scene reminds Carroll of when the housing bubble burst. He believes it’s possible that the real estate market could be headed for another downturn, the proportions of which the industry hasn’t seen since 2008. He believes it’s a debt and financing issue, saying that lenders tend to overextend themselves and forget about bad times.” He warns that bad times are coming.


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The Only 3 People You Need For A Debt Solution In Singapore

Debts are one of the worst enemies of every person. It can shadow their lives, regardless of how careful they are with their financial choices. One guaranteed way to beat this monetary risk is through a debt consultancy service and debt consultant.

Getting debt consultancy can help you put your financial life back on course. If you need help with loan consolidation in Singapore, here are some professionals who can help you with it.


A debt consultant is a professional financial adviser who helps people achieve a debt-free life. These people provide the best debt solution in Singapore to manage your finances more efficiently and effectively. They can also help you with the entire negotiation and settlement process. They can demonstrate your finances. That way, you know what caused or added to the debt.


Like debt consultants, debt specialists are experts who deal with various personal financial problems, whether personal, corporation or commercial, but their role focuses more on the debt settlement agreement. Their debt consultancy service includes budgeting, debt load evaluation, debt solution in Singapore, elimination of debt, and retirement planning.


A credit counsellor is similar to the two listed financial experts, but they solely assist people with getting their lives back on track after facing massive, significant debt. Credit counselling generally happens with companies with several financial issues to deal with or manage. They can inform you about the aid debt repayment.

To address your financial problems, consider contacting these three experts for a debt solution in Singapore and living a debt-free life. These three experts can lead you towards a life free from debts, whether from credit cards, debt agencies, or anything else.

Ready for some debt consultancy? Debt Aid is here! Visit their website today to book a financial consultation or enquire about their services!

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How to buy and sell NFTs

NFTs are digital assets that are stored on a blockchain. They can represent anything from a piece of digital art to a piece of music.

NFTs are unique and cannot be replicated, making them valuable assets. They are also easily transferable and can be sold or traded like any other asset.

The NFT marketplace is a platform where you can buy and sell NFTs. There are many different NFT marketplaces, each with its selection of NFTs.  Some of the most popular NFT marketplaces include OpenSea, Raible, and Foundation. Each marketplace has its fees and policies, so be sure to check them before selling or buying NFTs

Choose an NFT marketplace:

With so many NFTs on the market, it can be difficult to decide which one to buy. There are many different NFT marketplaces, each with its selection of NFTs.

Some of the most popular NFT marketplaces include OpenSea, Raible, and Foundation. Each marketplace has its fees and policies, so be sure to check them before buying or selling.

Create an account and deposit funds:

Once you have chosen a marketplace, you will need to create an account and deposit funds. Most marketplaces will accept major credit cards and cryptocurrency.

Browse the marketplace and find the NFT you want to buy:

Once you have deposited funds, you can browse the marketplace and find the NFT you want to buy. NFTs are often categorized by types, such as digital art, music, or video.

Complete the transaction:

Once you have found the NFT you want to buy, you will need to complete the transaction. This usually involves transferring the funds to the seller. Once the transaction is complete, the NFT will be transferred to your account.

List the NFT for sale:

If you want to sell your NFT, you will need to list it for sale on the curios marketplace. You will need to set a price and specify the payment methods you accept.

Complete the transaction:

Once a buyer has been found, you will need to complete the transaction. This usually involves transferring the NFT to the buyer and receiving the payment. Once the transaction is complete, the NFT will be transferred to the buyer’s account.

Withdraw your funds:

Once the transaction is complete, you can withdraw your funds from the marketplace. Most marketplaces will allow you to withdraw to a bank account, PayPal, or cryptocurrency.

Pay the fees:

Most NFT marketplaces will charge a fee for buying and selling NFTs. The fee is usually a percentage of the total transaction value.

For example, OpenSea charges a 3.5% fee for buying NFTs and a 1.5% fee for selling NFTs. Variable charges a 3% fee for both buying and selling.

Wait for the transaction to confirm:

Once you have completed the transaction, you will need to wait for it to confirm. This can take a few minutes to a few hours, depending on the blockchain.

Check your account:

Once the transaction has been confirmed, you can check your account to see the NFT. It should now be visible in your account dashboard.

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How do I choose the right dental clinic in Singapore?

When looking for a dentist or a dental clinic, it is always important to make the right decision. However, the decision-making process can be tricky as many dentists are available in Singapore. Not getting your oral health checked can lead to major health complications. Also, many of them delay their treatment which leads to more complications. Instead of wasting time, it is important to look for the right dental clinic from the Greenlife dental price list and book a slot. To proceed, you should consider the below-listed parameters and hire a licensed dentist.

  • A Personal Decision 

Do the thought of visiting a well-known and experienced dentist make you anxious? If so, you should first relax and feel like they are your partner. But it will only happen if you visit a licensed and reputed dentist. You can go for routine oral health check-ups and get the right treatment. In that way, you can prevent dental diseases and reduce other health risks like cardiovascular diseases.

  • Get Some Reference From Your Family And Friends 

Most of them need to visit a dentist at some point in time. To start with the research process, you should always prepare a list of potential dentists operating in Singapore. You can start asking your friends, relatives, family members, and other healthcare providers for referrals. In addition, you can conduct online research to find out about dentists in Singapore. Once you have the list, you can call the dentist and book a consultation.

  • Finding Out The Credentials Of The Dentist 

The next parameter is to determine the dentist’s credentials by researching them. It reveals the details of the dentist’s necessary skills, training, and experience. Along with all these details, you should check if they have any history of malpractice or other disciplinary actions. Also, look for training hospitals, medical schools, and certifications to decide whom to visit.

  • The Different Payment Options Available 

Many individuals prefer to use the buy now pay later in Singapore option but not every dental clinic offers this feasibility. That’s why patients must look for the wide variety of payment options available and decide which one to opt for. In this situation, they will have the feasibility to make payments according to their wish.            

  • Finding The Right Insurance Policy 

Buyers should look for the right insurance policy and opt for one they can use whenever needed. Every insurance policy is different, so they have to be careful while getting one. Patients must compare the insurance policies offered by the top insurance companies to make a choice. The best critical illness insurance Singapore will cover all the expenses incurred in your dental check-up.

  • Check The Experience The Dentist Holds 

When visiting a dentist to improve your oral health, the experience of a dentist matters the most. The more years of experience a dentist holds, the better results patients can experience. Over these years, they have handled many patients, which has improved their expertise and skills. That way, they can improve the patient’s health by giving the right medication to them.

  • Evaluating The Communication Style Of A Dentist 

Pick a dental expert with whom you are comfortable discussing your problem and who supports your requirements. You should ask a few questions on your first visit and check their response. Find if they welcome your queries thinking theirs or if they ignore them. Did you feel they are rushing to some conclusion, or will you understand and take care of your needs appropriately? Look for a dentist interested in solving your problem and paying attention to your treatment preferences. That will help in the decision-making process, and you will be able to recover quickly.

  • Is Gender A Concern?

While visiting a dentist, it is important to make yourself feel comfortable. In this regard, many of them might not think of ready to discuss the complexities of the opposite gender. In such a situation, they prefer to go with their gender. Therefore, it helps them to discuss their issues and get the necessary treatment.

  • Going Through The Reviews Written By Patients 

Reading through the review section of the website will help in finding out what patients have to say about the dentist and the treatment. If they are not satisfied, there is no chance of you visiting the clinic. In short, the reviews will give a brief idea of what to do. Also, it becomes easier to eliminate the names of patients who are not up to the mark according to patients they have treated.

The Ending Note

With all the above parameters, patients can easily decide on the dental clinic and the dentist who can offer the right treatment. Besides that, they can look for insurance policies that cover all the expenses while going for an oral health check-up.

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