Clare Louise, Author at CNB Center

Business

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.

October 28, 2022

Business

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.

October 11, 2022

Finance

All That You Need To Consider Before You Start Investing

In schools, we learn about bodies, our environment, physics, and math but little about money. Educational institutions don’t necessarily emphasize how we should manage our money. faith based investing is a skill that is extremely important to hone at an early stage. We need to develop a habit of investing as it will secure our future and earn us a better lifestyle. Warren Buffet says, “Investing is simple, but not easy.” The sentence makes sense.

To invest or buy stocks, we must set some money aside. However, it is not as easy as it seems because the concept might seem simple, but implementing it cannot be easy. Therefore, we must develop the habit of regularly setting aside a certain amount to invest in shares. For this purpose, we need to differentiate between desire and needs. Following are a few practical steps you can take if you are ready to invest:

Research: The basic knowledge of Demat account opening, stocks, and mutual funds is imperative to make your financial decisions effortlessly. You must understand the platforms, companies, and schemes you plan to invest in. It is also vital for you to learn fundamental concepts like financial definitions, order types, types of accounts, market status, and more. Don’t worry about the financial world’s complex jargon; once you start educating yourself about finance, you will learn everything organically.
Analyze The Risks Involved- To avoid loss, you must analyze the risk associated with your investing move from the beginning. Verifying the Demat account and stock market app & comparing all similar schemes is an excellent way to assess the risks associated with the investment. Although you can avoid losses if you evaluate the risks well and make decisions accordingly, preparing well before putting money into shares or mutual funds is a good idea.
Make Informed Decisions- A lot about investing consists of controlling your emotions as the market sentiments towards the company shows the price of its shares. There can be many short-term changes based on the speculations and feelings of the claims. Although, it is better to make decisions based on a systematic analysis of the claims.
Diversify Your Portfolio- Investing in multiple stocks in a trading account is an excellent idea to reduce your investment risk. However, ensure your decision is backed by solid research and experience. This method helps mitigate the risk of safety & loss. Thus, if you liquidate shares for one Conservative Investing Company, the profit gained by the rest of your investment can help balance the loss.

Hence, you must understand the dos and don’ts of investment before staking your hard-earned money. However, knowing if you are willing to do the needful is easy. Numerous videos, books, and blogs can teach you about the stock market and mutual funds and share helpful tips to ease your stock investment journey.

September 5, 2022

Business

Kavan Choksi – How Can You Effectively Manage Bond Portfolios With 4 Methods?

Investing in bonds looks easy and direct. However, a basic rule is to keep in mind to gain profitable returns. It would help if you always went in for the bond that gives you the optimal returns. To the typical observer, it might seem simple with deposit certificates from esteemed financial institutions. In reality, it is not that simple as you need to be aware of four methods to help you manage your portfolios better to give you the yields you deserve!

Kavan Choksi- Four techniques to build wealth with bonds

Business expert Kavan Choksi is a highly skilled and esteemed entrepreneur in monetary instruments and investments. According to him, four methods help you to build wealth smartly with bonds. They are the passive (purchase and maintain) technique, quasi passive (index bond matching) technique, quasi lively (immunization) technique, and the devoted and energetic method.

A glimpse into these four methods

Before embracing any of the four methods for building wealth, you should know what they each mean and their pros and cons.

Passive purchase and maintenance technique

In the first method, the passive purchase and maintain technique, the investor aims to optimize their returns on the bonds. Here, the investor shops for the bonds and keeps them until maturity. Their earnings can be optimized for the other exterior profits or re-invested into the portfolio. The fundamental principle is these bonds are secure and predictable.

Indexing bond

This technique can be called quasi-passive in design because its crucial goal is to supply a threat and return trait to the investor linked to the index query. It has some features of the first technique; however, there is an element of flexibility, too, like supervising a positive inventory market index. It can also be structured in a way where a revealed bond index can be copied, like The Barclays US Mixture Bond Index, a popular index that managers have copied.

Immunization technique

This method has the salient traits of the lively and passive techniques for building wealth with bonds. It implies that the immunization syncs in with the liability period and property to cover the fluctuations in the interest rates.

Energetic bond

The goal of this method is to maximize the total returns, but at the same time, there are some threats to note. Here, the investor should place his bets long-term over settling for a shorter period.

Business experts state that every method has pros and cons, so it is prudent to know about them before you deploy them for wealth-building needs.

In response to Kavan Choksi, each technique has its professionals and cons. Nevertheless, being conscious of them essentially lets you take pleasure in earnings in the long term. It is vital to perceive the number of dangers you’ll be able to take earlier than investing in bonds to make prudent decisions without worrying about your monetary future! You need always to seek the advice of a funding advisor that can assist you in selecting the appropriate technique for wealth construction.

August 29, 2022

Business

Applying for a Long-Term Visit Pass? Here’s what you need to know

The Long-Term Visit Pass (LTVP) allows foreign nationals to stay in Singapore for an extended period of time with their family members. The LTVP is issued by the Immigration and Checkpoints Authority (ICA). An LTVP holder has many of the same privileges as a PR, such as the ability to work in Singapore and access public housing. They are also allowed to enrol their children in local schools. However, LTVP holders are not entitled to government subsidies and are not automatically granted citizenship or PR status.

MOM issues Long-Term Visit Pass to certain members of eligible Employment Pass (EP), Single Parent Pass (S Pass), EntrePass, and Personalized Employment Pass (PEP) holders. The pass must be applied by the employee of the main pass holder or an authorized third party for EP and S Pass holder’s dependents. For dependents of EntrePass and PEP, the application must be carried out by the employee of the main pass holder.

The eligibility criteria for S Pass, EP, and PEP holders for applying for an LTVP

The eligibility criteria for S Pass, EP, and PEP holders are given below:

The Singapore Long-Term Visit Pass (LTVP) allows foreign spouses, unmarried children and parents of Singapore Citizens or Permanent Residents to enter and stay in Singapore for a long period of time.

To be eligible for an LTVP, the applicant must be sponsored by a family member who is a Singapore Citizen or Permanent Resident. The sponsor must also meet certain income criteria.

Spouses and children of Singapore Citizens or Permanent Residents who hold an Employment Pass (EP) or S Pass are eligible to apply for an LTVP. Parents of Singapore Citizens or Permanent Residents who hold a Personalised Employment Pass (PEP) are also eligible to apply for an LTVP.

Tips for Applying Successfully for a Long-Term Visit Pass

The Long-Term Visit Pass (LTVP) allows foreigners to stay in Singapore for an extended period of time, usually for work or family reasons. If you are planning on applying for an LTVP, there are a few things you should keep in mind in order to increase your chances of being approved.

First and foremost, make sure that you meet the eligibility criteria. You must be sponsored by a Singapore Citizen or Permanent Resident and must have a valid reason for wanting to stay in Singapore for an extended period of time.

Also, put together all the required documents. These include your passport, sponsor’s passport, sponsor’s proof of residence in Singapore, your birth certificate, and your marriage certificate (if applicable). Finally, submit your application online at the Immigration & Checkpoints Authority website.

The application process for a Long-Term Visit Pass is not difficult, but it is important to make sure that you have all of the required documents. If you have any questions, it is always best to ask the Singapore Immigration and Checkpoints Authority for clarification.

So, the Long-Term Visit Pass is a great opportunity for foreign partners of Singapore citizens and Permanent Residents to stay in Singapore for an extended period of time. It is important to note that the LTVP is not a work pass, and holders are not allowed to work without a valid work permit. The LTVP also does not guarantee automatic renewal, and holders must reapply for the pass before it expires.

August 26, 2022

Business

How much should you put in a sinking fund?

A sinking fund is a type of trust with a fixed maximum level and can only be withdrawn once that maximum amount is reached. Funds may be earmarked for specific purposes, such as education and home ownership, rather than simply being available to spend at the holder’s discretion. The sixties brought significant change in the world, with rock ‘n roll music, hippies, love-ins, and social unrest over the Vietnam War. President Lyndon B Johnson created his “war on poverty ” in response to this unrest. To be sure, it wasn’t the war on poverty; it was a war on the poor—the poor and the non-white, who naturally were targeted for exclusion from social security benefits. LBJ’s program encouraged his constituents to open up their “sinking funds” for donations to those wars. It was a clever idea because these funds represented nest eggs that people could deposit in a bank (thus reducing demand for money and saving interest) while still being able to withdraw the same amount in case they needed it. Even better than this idea was that they could contribute to all sorts of educational causes, as well as home loans and other things that would benefit others but not themselves.

It’s all about priorities. Is this a time for tax breaks for the rich or those less fortunate and deserving? Is this a time to ensure that not only children go to college but also students who are willing and able to help others get into college too? Some say, “well, they should just get a job rather than blow their education money on drugs.” But what if they need money to survive on their own? The government is supposed to provide aid through social security, designed specifically for those unable to support themselves. If a person gets old and can no longer work, then they would be entitled by law (at least in theory) to draw money from their social security benefits. But because of mismanagement by the profit-oriented privatized companies that manage social security funds and the government, which has failed to collect on back payments, many older Americans have nothing to retire on. In other words, they work all their lives to contribute to social security, but when they reach retirement age, they don’t get enough money to live on. It is primarily a problem with African-Americans who are leery of putting too much into a sinking fund (rather than buying a house or something else). The government’s answer is “go into debt.” Their “solution” is for seniors to take out home equity loans to pay for the essentials of life.

Ultimately the choice is up to the individual, but it’s a question of priorities. There is already plenty of money to pay for the programs that help children and others in need. The problem is that those in charge are greedy, selfish, and shortsighted. They want to give tax cuts to the rich and put us all into debt so that we will use our future taxes to pay off those debts instead of producing schools, jobs, housing, and other services essential for a safe, healthy society.

August 5, 2022

Business

Proof That Missisippi Same Day Payday Loans Works

When getting an identical-day mortgage online, it’s essential to match choices from varied lenders and consider all particulars concerned – curiosity charges, charges, mortgage quantities, and repayment phrases. There are numerous reasons somebody could apply for a mortgage – together with debt consolidation, dwelling enhancements, unexpected prices, necessary purchases, no credit score historical past or rating, similar-day funding, dangerous credit score – and the record goes on. If you’re pre-certified underneath the set circumstances, you’ll have the ability to assess the estimated mortgage charge, as properly because of the associated phrases and situations. Most of this merchandise will be slightly dearer than common, and if you take out one, you’ll need sports to plan to pay it again on time.

Payday loan: A Complete overview

You should pay curiosity on any remaining mortgage balances at an Annual Share Charge or APR. It could probably factor out the best charge of the entire mortgage quantity and is expressed as a proportion. An identical-day mortgage is a personal loan that allows parents to enter the money furnished rapidly. With comparable-day loans, you may be permitted for the non-public mortgage and safe investment on the same day you apply. The questions depend upon the lender and the internet web page you are probably using to request the loan. Sometimes, a web-based totally lender would require you to apply for identical-day funding with the aid of a certain time of day fast payday loans in Mississippi Online. The tradeoff is that whereas you will get identical-day investment without a credit score verification, the loans are very costly.

Sure, it’s fully attainable to get funding for a loan on the same day that you apply. Should you fall into this class; the lender can shorten your mortgage period. The timeline will largely rely upon the lender and your monetary organization or credit score union. As with all private loans, identical-day loans can have separate and curiosity charges, like an origination payment. For instance, payday and title loans usually include excessive curiosity and related charges that could make repayment troublesome. What are some frequent makes uses for private loans? Money Mutual has helped over 2 million clients who required pressing financing to pay emergency or different private targets since its founding. You must count on paying curiosity on the quantity borrowed through your monthly price range.

July 22, 2022

Finance

HOW DOES PAYDAY ADVANCE FUNCTION?

If you are in a difficult situation, you can check out choices to get the cash you require. Comprehending how payday advances function, as well as identifying your choices will encourage you to make a wise financial choice.

When you obtain a payday loan, you utilize your paycheck as safety against the amount you borrow. When you make an application for payday funding, it won’t matter when you have poor debt or no credit report, since the lender is having the power to take its settlement from your bank account when you obtain your following paycheck. That’s how cash advance lending institutions minimize their danger.

How can they do this? When you’re authorized for a payday advance loan, you provide the loan provider a postdated check which can get withdrawn on the next payday. If you take online lending, you accredit the company for taking the funds from the bank account after you get paid by your employer.

To find a guaranteed payday loan, please visit Slick Cash Loan.

What happens when it’s time to settle your loan?

Typically, payday loan providers charge you a fee for every $100 you obtain. The fee can vary from $10-$30, according to the Consumer Financial Defense Bureau, relying on the loan provider, as well as where you live.

Those fees could not sound like a great deal, yet they can add up. An average $15 cost can equate to an APR of nearly 400% for two-week funding.

You’re expected to repay the whole loan, as well as the cost on your following payday. Unlike personal finance, you can’t make installment settlements on a cash advance. If you don’t have the cash to settle the total on your following cash advance, you may have to roll the funding over to a future payday. Naturally, you’ll accumulate extra fees in the process.

Imagine this plot: You borrow $100-$115 if the fee of the lender is included. Two weeks later on when the funding is due, you recognize you cannot pay. So, you pay the $15 cost, as well as roll the loan over, meaning you owe $115 once again since you haven’t repaid any type of part of the principal, and you have a new $15 cost.

That fee might look little when you first obtain the loan; however, if you keep duplicating the rollover cycle you can end up owing more than the quantity you obtained in the first place.

April 22, 2022