A GUIDE TO BUILDING SMART BUSINESS CREDIT

Size: px
Start display at page:

Download "A GUIDE TO BUILDING SMART BUSINESS CREDIT"

Transcription

1 A GUIDE TO BUILDING SMART BUSINESS CREDIT Establishig busiess credit ca be the key to growig your compay DID YOU KNOW? Busiess Credit ca help grow your busiess Soud paymet practices are key to a solid busiess credit profile Separatig Busiess Credit ad Persoal Credit ca greatly mitigate your risk There are 4 keys to buildig busiess credit Credit applicatios ca be made easier by followig a few simple steps

2 INTRODUCTION You may thik that busiess credit has limited applicatio for your busiess that it matters oly whe you re tryig to secure fiacig. I reality, busiess credit is a powerful tool that ca help you save moey, establish valuable commercial relatioships, ad, ultimately, grow your busiess. That said, busiess credit may ot be easy to uderstad, ad establishig it ca be difficult. The goal of this guide is to demystify the topic ad provide clear, cocise advice o how to develop busiess credit that works harder for your busiess over the log haul. BUSINESS CREDIT BASICS Let s start with the way you pay. Do you ru your compay usig a combiatio of supplier fiacig ad persoal credit maybe addig a equipmet lease or commercial loa ito the mix? Do you have a few suppliers that exted paymet terms, but you buy office supplies o a persoal credit card, ad have the telephoe accout listed i your ow ame? Havig a robust history of steady paymets to a variety of creditors boosts the borrowig power of your busiess ad puts other compaies at ease about extedig credit to your firm. Beig icosistet i maitaiig soud paymet practices may result i missig importat opportuities to build a solid busiess credit profile. Whereas havig a robust history of steady paymets to a variety of creditors boosts the borrowig power of your busiess ad puts other compaies at ease about extedig credit to your firm, says small busiess legal ad fiacial expert Barbara Weltma, author of The Ratioal Guide to Buildig Small Busiess Credit. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

3 SEPARATING BUSINESS AND PERSONAL CREDIT It s importat to maitai a busiess credit profile that is distictly separate from your persoal credit profile. Buildig separatio betwee the two ca help your busiess develop the credibility that matters to baks, suppliers, ad other creditors, accordig to Weltma. A busiess credit profile that icludes multiple, positive reports from fiacial istitutios, vedors, utilities, telephoe accouts, lessors, ad other operatioal credit accouts i your compay s ame shows that your busiess pays its creditors i a timely maer. Maitiaig separatio ca also protect your persoal credit profile should a fiacial mishap occur i the compay, ad, coversely, ca help isulate your busiess from aythig that might have a adverse affect o your persoal credit. UNDERSTANDING CREDIT REPORTING BUREAUS Your credit bureau report is at the heart of buildig busiess credit. Credit reportig agecies collect credit data from a wide rage of sources. This iformatio is used to create a profile that illustrates how your busiess has historically met its fiacial obligatios, which helps prospective creditors decide whether to take a chace o extedig credit to your compay. Most bureaus make it easy to report this data, ad stadards vary by bureau. I some cases, busiesses are able to report iformatio about themselves. But i a effort to maitai data itegrity, some bureaus use oly iformatio that has bee verified by a third party, a practice that esures ubiased reports ad helps level the playig field for all busiesses. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

4 The majority of baks, credit card compaies, ad other fiacial istitutios report paymet patters to credit bureaus o a regular basis. However, to make sure you re fully covered, it s a good idea to ask suppliers ad busiess parters to do the same, advises Lita Epstei, author of The Complete Idiot s Guide to Credit Scores. Why a busiess credit profile matters A good busiess credit profile serves two primary fuctios: it helps your compay more easily gai access to the credit it eeds at better terms, ad it ca help you uderstad more about the compaies with which you do busiess. Leders, suppliers, ad parters ofte review busiess credit profiles to help them determie the risk ivolved with extedig credit to your compay. This helps them gauge how likely your compay will payi a timely maer. I short, it helps them decide whether or ot to do busiess with you. By the same toke, you should examie the credit profiles of other compaies i order to evaluate the fiacial stability of a prospective customer, supplier, maufacturig facility, or other busiess parter. A good busiess credit profile helps your compay more easily gai access to the credit it eeds at better terms, ad it ca help you uderstad more about the compaies with which you do busiess. Although it s ofte overlooked, otes Weltma, evaluatig a prospective cliet s commitmet ad ability to make paymets is a critical step to take prior to extedig credit. May small busiess owers are so excited to make a sale that they do t do their homework, she adds. Remember, it s ot a sale util you get paid. Uless you like to work for free, you eed to make sure you get the ecessary profile iformatio up frot. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

5 ESTABLISHING BUSINESS CREDIT So what does it take to build your busiess credit profile? The followig best practice guidelies offer a perspective o the fastest, most efficiet way to get it doe: Borrow ad pay. Some busiesses thik that the oly way to establish busiess credit is to ope a busiess credit card. While that makes sese for some compaies, securig credit terms from suppliers or takig out a commercial loa ca offer similar beefits with fewer dowsides. Payig accordig to agreed-upo terms is the first step i establishig good busiess credit. It is just as importat to cosistetly moitor your compay s credit profile as it is to moitor your persoal credit profile. Be visible, (i.e., esure that your good behavior is reported). Ufortuately, uless your creditors are reportig timely paymets to credit bureaus, a good track record wo t help your busiess credit profile. Ask suppliers ad other busiesses that exted credit or paymet terms to your compay to cosistetly report your paymet history. May bureaus have a optio to do so through their websites, or the compay ca cotact the bureau s customer service departmet for assistace. The more positive reports there are i your compay s profile, the more comfortable other compaies or creditors will be doig busiess with you. Moitor your compay s profile. It is just as importat to cosistetly moitor your compay s credit profile as it is to moitor your persoal credit profile, says Weltma. You ca order your busiess credit report from each bureau for a fee, which varies by bureau. It s a modest ivestmet that will help you spot ay issues i the file ad address or correct them. I additio, active busiess credit moitorig ca alert you to ay fraud beig perpetrated i the ame of your busiess. Be sure to check your credit profiles well i advace of applyig for ew credit so that you have time to address ay iaccuracies or problems prior to submittig your loa or other credit applicatio. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

6 Act like a busiess. Eve the smallest operatio ca beefit from a positive busiess credit profile. Agai, your busiess accouts (telephoe, utilities, leases, loas) should be established i your busiess ame. I the early stages of a busiess, you may eed to persoally guaratee paymet, but the more established your busiess credit history is, the more likely it is you ll be able to egotiate ad secure good credit terms without those guaratees. KEYS TO CREDIT APPLICATIONS As your busiess grows, you ll probably eed to complete credit applicatios for your suppliers, vedors, ad other creditors. These applicatios ca be key to securig lower iterest rates, higher credit lies, ad gaiig the fiacig flexibility you eed to grow your busiess (ad cotiue to build a strog paymet history). Cosider the followig guidelies before you complete a credit applicatio: Credit applicatios ca be key to securig lower iterest rates, higher credit lies, ad gaiig the fiacig flexibility you eed to grow your busiess. Evaluate your ow busiess credit. It s always a good idea to review your busiess credit profile before applyig for ew lies of credit. As discussed above, your busiess credit profile icludes a wealth of iformatio that prospective creditors will use to make decisios about the amout ad terms of your credit lie. Such iformatio may iclude paymet history, tax lies, judgmets, collectio activity, ad iquiries from other prospective creditors. Try lookig at your profile through the les of a creditor, reviewig such iformatio as: Trade paymet history. Does your compay have a history of payig its bills o time, or are you routiely late? Late paymets i the past may simply be the result of a temporary cash flow cruch, but if your compay regularly lags i payig bills, creditors may ot see your busiess as a good credit risk. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

7 Credit balaces. Is your compay usig a high percetage of its overall available credit? This may be a reaso to seek additioal credit, but it may also be a warig sig that your firm is overexteded. O the other had, are balaces relatively low compared to credit limits? This may idicate good fiacial maagemet. Track record. How log has your compay bee i busiess? Startups may be riskier debtors tha compaies with log histories of payig bills o time. Red flags. Review your firm s credit report for lies or judgmets. Oe or two such reports may ot be deal-breakers, but they may require you to explai what happeed. If there are items that eed explaiig, be up frot. Perhaps your busiess had a short-term, cash-flow cruch; or you lost a key employee, which led to some black marks o the report. It s better to address them tha to igore or hide them. Get good refereces. Your busiess will ofte be asked for credit refereces. Be sure to cotact your refereces ahead of time to ask for their permissio to be icluded o credit applicatios. Failig to do so could make the cotact less iclied to give you a positive referece. There may also be a issue that you are t aware of such as a overlooked ivoice or other problem that, if reported, could reflect poorly o your busiess. Try to provide three to four refereces. It s likely that prospective creditors will ask them: How log they have doe busiess with your compay? What is the maximum credit lie they ve exteded to your busiess? How log does your compay typically take to pay a ivoice? Have there bee times whe your compay has t bee able to pay o time? Fill out the form completely. Whe completig the applicatio, be sure to provide all of the iformatio requested. Skippig sectios could lead to delays or eve result i your credit lie beig deied. If you have questios, cotact the creditor to get them aswered. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

8 CONCLUSION: GROWING YOUR BUSINESS WITH GOOD CREDIT PRACTICES As you ve read, good busiess credit has a impact o more tha just a loa applicatio; it ca be at the core of fuelig the growth of your busiess. It provides access to the fudig ad paymet terms you eed to expad ad, perhaps most importat, build trust i ay busiess relatioship. Employig good busiess credit practices does t have to be cofusig or challegig. Maitaiig a distictly separate busiess credit profile, stayig curret o paymets to creditors, esurig that your good paymet history is reported to the credit bureaus, ad moitorig your busiess credit profile to detect issues or fraud ca help your busiess grow. Additioally, whe you fid yourself i a positio to exted credit to your customers, you have the same opportuity to use the commercial credit tools outlied above to limit your risk. Good busiess credit has a impact o more tha just a loa applicatio; it ca be at the core of fuelig the growth of your busiess. It provides access to the fudig ad paymet terms you eed to expad ad, perhaps most importat, build trust i ay busiess relatioship. THINK LIKE A BANKER: THE 4 CS OF BUSINESS CREDIT To make the most of busiess credit, it helps to thik like a loa officer. Baks have four key criteria that they typically use whe evaluatig a busiess s creditworthiess the Four Cs of Busiess Credit (Character, Collateral, Coditio, ad Capacity). Differet baks will weight these factors accordig to their ow A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

9 practices, but it helps to put your best foot forward i each of these areas whe presetig your busiess as a potetial borrower. 1. Character. Leders ad creditors wat to be sure that they re doig busiess with reputable compaies ad ot puttig themselves at risk of fraud or other egative activity. If your busiess or persoal credit profiles show spotty paymet history, lies, judgmets, or other red flags you will eed to be prepared to explai those factors or accumulate a loger period of steady paymets before seekig ew credit. 2. Collateral. A fiacial istitutio may eed to secure a loa based o somethig of value to your busiess. It may take the form of busiess equipmet, ivetory, or other assets the busiess ows. Some leders will seek persoal guaratees ad may look for persoal assets, such as real estate, to secure the loa. The more collateral your busiess has, the easier it geerally is to get the moey or terms you eed. 3. Coditio. A solid busiess credit profile idicates a strog fiacial history, (i.e., a busiess i good coditio). To show your busiess i the best possible light, work with your vedors, suppliers, ad other creditors to esure that they are reportig your timely paymets to busiess credit bureaus. This will help tell the story of your busiess robust health. Leders ad other creditors may look at the persoal credit scores of owers or parters i the busiess, so be midful of those profiles as well. 4. Capacity. Before extedig credit, leders wat to kow that your busiess geerates eough reveue to meet the paymet obligatios. This will be easier for established busiesses with a history of sales tha it will be for startups. If your busiess is ew, provide iformatio about projected sales ad expeses, alog with a explaatio of how you arrived at those umbers. Be realistic; leders may compare your projectios to idustry stadards. If you overestimate your expected sales ad uderestimate expeses, that ca be a idicatio that you may ot have doe your fiacial homework well. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

10 Give yourself time to prepare i advace of meetig your leder, ad be ready to aswer questios about each of these four categories. Look at your busiess with a critical eye, so that you ca aticipate potetial stumblig blocks, ad be prepared to aswer tough questios from your leder. Beig prepared ca mea the differece betwee approval ad rejectio. BUSINESS CREDIT RESOURCES As creditors icreasigly rely o busiess credit profiles to make real-time decisios about credit terms, it is more importat tha ever for your busiess to build a solid credit profile with a robust history of timely paymets. By itegratig state-of-the-art techology ad superior data, Experia s Busiess Iformatio Services is a importat resource i helpig you build your busiess credit. Experia is a leader i providig data ad predictive isights for busiesses, helpig them mitigate risk ad improve profitability. The compay s busiess database provides comprehesive, third-party-verified iformatio o 99.9 percet of all U.S. compaies, with the idustry s most extesive data o the broad spectrum of small ad mid-sized busiesses, icludig yours. Lear more about your curret profile ad how to make it a forceful tool i buildig your busiess by visitig us at experia.com/mybusiesscredit. A GUIDE WHITE TO BUILDING PAPER TITLE SMART EXPERIAN BUSINESS 2011 CREDIT EXPERIAN

How to use what you OWN to reduce what you OWE

How to use what you OWN to reduce what you OWE How to use what you OWN to reduce what you OWE Maulife Oe A Overview Most Caadias maage their fiaces by doig two thigs: 1. Depositig their icome ad other short-term assets ito chequig ad savigs accouts.

More information

For customers Key features of the Guaranteed Pension Annuity

For customers Key features of the Guaranteed Pension Annuity For customers Key features of the Guarateed Pesio Auity The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide whether

More information

Handling. Collection Calls

Handling. Collection Calls Hadlig the Collectio Calls We do everythig we ca to stop collectio calls; however, i the early part of our represetatio, you ca expect some of these calls to cotiue. We uderstad that the first few moths

More information

Grow your business with savings and debt management solutions

Grow your business with savings and debt management solutions Grow your busiess with savigs ad debt maagemet solutios A few great reasos to provide bak ad trust products to your cliets You have the expertise to help your cliets get the best rates ad most competitive

More information

CHAPTER 3 THE TIME VALUE OF MONEY

CHAPTER 3 THE TIME VALUE OF MONEY CHAPTER 3 THE TIME VALUE OF MONEY OVERVIEW A dollar i the had today is worth more tha a dollar to be received i the future because, if you had it ow, you could ivest that dollar ad ear iterest. Of all

More information

Current Year Income Assessment Form

Current Year Income Assessment Form Curret Year Icome Assessmet Form Academic Year 2015/16 Persoal details Perso 1 Your Customer Referece Number Your Customer Referece Number Name Name Date of birth Address / / Date of birth / / Address

More information

PENSION ANNUITY. Policy Conditions Document reference: PPAS1(7) This is an important document. Please keep it in a safe place.

PENSION ANNUITY. Policy Conditions Document reference: PPAS1(7) This is an important document. Please keep it in a safe place. PENSION ANNUITY Policy Coditios Documet referece: PPAS1(7) This is a importat documet. Please keep it i a safe place. Pesio Auity Policy Coditios Welcome to LV=, ad thak you for choosig our Pesio Auity.

More information

Information about Bankruptcy

Information about Bankruptcy Iformatio about Bakruptcy Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea What is the? The Isolvecy Service of Irelad () is a idepedet

More information

ODBC. Getting Started With Sage Timberline Office ODBC

ODBC. Getting Started With Sage Timberline Office ODBC ODBC Gettig Started With Sage Timberlie Office ODBC NOTICE This documet ad the Sage Timberlie Office software may be used oly i accordace with the accompayig Sage Timberlie Office Ed User Licese Agreemet.

More information

Online Banking. Internet of Things

Online Banking. Internet of Things Olie Bakig & The Iteret of Thigs Our icreasigly iteretcoected future will mea better bakig ad added security resposibilities for all of us. FROM DESKTOPS TO SMARTWATCHS Just a few years ago, Americas coducted

More information

Statement of cash flows

Statement of cash flows 6 Statemet of cash flows this chapter covers... I this chapter we study the statemet of cash flows, which liks profit from the statemet of profit or loss ad other comprehesive icome with chages i assets

More information

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life TIAA-CREF Wealth Maagemet Persoalized, objective fiacial advice for every stage of life A persoalized team approach for a trusted lifelog relatioship No matter who you are, you ca t be a expert i all aspects

More information

Anti-Money Laundering

Anti-Money Laundering Ati-Moey Lauderig Over the last year, moey-lauderig crimes siphoed a estimated $1.3 trillio out of the global ecoomy.* I light of this staggerig statistic, the resultig striget legislatio is uderstadable.

More information

Professional Networking

Professional Networking Professioal Networkig 1. Lear from people who ve bee where you are. Oe of your best resources for etworkig is alumi from your school. They ve take the classes you have take, they have bee o the job market

More information

How To Find FINANCING For Your Business

How To Find FINANCING For Your Business How To Fid FINANCING For Your Busiess Oe of the most difficult tasks faced by the maagemet team of small busiesses today is fidig adequate fiacig for curret operatios i order to support ew ad ogoig cotracts.

More information

5.4 Amortization. Question 1: How do you find the present value of an annuity? Question 2: How is a loan amortized?

5.4 Amortization. Question 1: How do you find the present value of an annuity? Question 2: How is a loan amortized? 5.4 Amortizatio Questio 1: How do you fid the preset value of a auity? Questio 2: How is a loa amortized? Questio 3: How do you make a amortizatio table? Oe of the most commo fiacial istrumets a perso

More information

Tenants handbook Booklet 4. Paying your rent. June 2015

Tenants handbook Booklet 4. Paying your rent. June 2015 Teats hadbook Booklet 4 Payig your ret Jue 2015 Your Ret ad other charges Payig your ret ad other charges is a coditio of your teacy. If you do ot pay, you will have broke your teacy agreemet with us.

More information

National Institute on Aging. What Is A Nursing Home?

National Institute on Aging. What Is A Nursing Home? Natioal Istitute o Agig AgePage Nursig Homes: Makig The Right Choice Lucille has lived i her home for 33 years. Eve after her husbad died 3 years ago, she was able to maage o her ow. Recetly, she broke

More information

Your grandmother and her financial counselor

Your grandmother and her financial counselor Sectio 10. Arithmetic Sequeces 963 Objectives Sectio 10. Fid the commo differece for a arithmetic sequece. Write s of a arithmetic sequece. Use the formula for the geeral of a arithmetic sequece. Use the

More information

Get advice now. Are you worried about your mortgage? New edition

Get advice now. Are you worried about your mortgage? New edition New editio Jauary 2009 Are you worried about your mortgage? Get advice ow If you are strugglig to pay your mortgage, or you thik it will be difficult to pay more whe your fixed-rate deal eds, act ow to

More information

Privacy Guide for Small Businesses: The Basics

Privacy Guide for Small Businesses: The Basics Office of the Privacy Commissioer of Caada PIPEDA Privacy Guide for Small Busiesses: The Basics Privacy is the best policy Hadlig privacy cocers correctly ca help improve your orgaizatio s reputatio. Whe

More information

Settling Insurance Claims After a Disaster What you need to know about how to file a claim how the claim process works what s covered and what s not

Settling Insurance Claims After a Disaster What you need to know about how to file a claim how the claim process works what s covered and what s not Settlig Isurace Claims After a Disaster What you eed to kow about how to file a claim how the claim process works what s covered ad what s ot First Steps Cotact your aget or compay immediately. Fid out

More information

*The most important feature of MRP as compared with ordinary inventory control analysis is its time phasing feature.

*The most important feature of MRP as compared with ordinary inventory control analysis is its time phasing feature. Itegrated Productio ad Ivetory Cotrol System MRP ad MRP II Framework of Maufacturig System Ivetory cotrol, productio schedulig, capacity plaig ad fiacial ad busiess decisios i a productio system are iterrelated.

More information

FLEXIBLE GUARANTEE BOND SERIES 2

FLEXIBLE GUARANTEE BOND SERIES 2 FLEXIBLE GUARANTEE BOND SERIES 2 Key features of the Flexible Guaratee Bod Series 2 The Fiacial Coduct Authority is a fiacial services regulator. It requires us, LV=, to give you this importat iformatio

More information

DC College Savings Plan Helping Children Reach a Higher Potential

DC College Savings Plan Helping Children Reach a Higher Potential 529 DC College Savigs Pla Helpig Childre Reach a Higher Potetial reach Sposored by Govermet of the District of Columbia Office of the Mayor Office of the Chief Fiacial Officer Office of Fiace ad Treasury

More information

Learning objectives. Duc K. Nguyen - Corporate Finance 21/10/2014

Learning objectives. Duc K. Nguyen - Corporate Finance 21/10/2014 1 Lecture 3 Time Value of Moey ad Project Valuatio The timelie Three rules of time travels NPV of a stream of cash flows Perpetuities, auities ad other special cases Learig objectives 2 Uderstad the time-value

More information

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY?

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY? Ivestig i Stocks Ivestig i Stocks Busiesses sell shares of stock to ivestors as a way to raise moey to fiace expasio, pay off debt ad provide operatig capital. Ecoomic coditios: Employmet, iflatio, ivetory

More information

2014 Menu of Agency Support Services 10 TOP OF MIND TOUCH POINTS

2014 Menu of Agency Support Services 10 TOP OF MIND TOUCH POINTS 2014 Meu of Agecy Support Services 10 TOP OF MIND TOUCH POINTS Table of Cotets Turig a moolie customer ito a multi-lie customer icreases retetio by 7x! ORGANIC GROWTH Policy Reewal Appoitmet Calls.4 Life

More information

FM4 CREDIT AND BORROWING

FM4 CREDIT AND BORROWING FM4 CREDIT AND BORROWING Whe you purchase big ticket items such as cars, boats, televisios ad the like, retailers ad fiacial istitutios have various terms ad coditios that are implemeted for the cosumer

More information

2014 Menu of Agency Support Services 17 TOP OF MIND TOUCH POINTS

2014 Menu of Agency Support Services 17 TOP OF MIND TOUCH POINTS 2014 Meu of Agecy Support Services 17 TOP OF MIND TOUCH POINTS Table of Cotets Turig a moolie customer ito a multi-lie customer icreases retetio by 7x! ORGANIC GROWTH Policy Reewal Appoitmet Calls.4 Life

More information

Sole trader financial statements

Sole trader financial statements 3 Sole trader fiacial statemets this chapter covers... I this chapter we look at preparig the year ed fiacial statemets of sole traders (that is, oe perso ruig their ow busiess). We preset the fiacial

More information

Pre-Suit Collection Strategies

Pre-Suit Collection Strategies Pre-Suit Collectio Strategies Writte by Charles PT Phoeix How to Decide Whether to Pursue Collectio Calculatig the Value of Collectio As with ay busiess litigatio, all factors associated with the process

More information

Present Value Factor To bring one dollar in the future back to present, one uses the Present Value Factor (PVF): Concept 9: Present Value

Present Value Factor To bring one dollar in the future back to present, one uses the Present Value Factor (PVF): Concept 9: Present Value Cocept 9: Preset Value Is the value of a dollar received today the same as received a year from today? A dollar today is worth more tha a dollar tomorrow because of iflatio, opportuity cost, ad risk Brigig

More information

Savings and Retirement Benefits

Savings and Retirement Benefits 60 Baltimore Couty Public Schools offers you several ways to begi savig moey through payroll deductios. Defied Beefit Pesio Pla Tax Sheltered Auities ad Custodial Accouts Defied Beefit Pesio Pla Did you

More information

Flood Emergency Response Plan

Flood Emergency Response Plan Flood Emergecy Respose Pla This reprit is made available for iformatioal purposes oly i support of the isurace relatioship betwee FM Global ad its cliets. This iformatio does ot chage or supplemet policy

More information

CCH Accountants Starter Pack

CCH Accountants Starter Pack CCH Accoutats Starter Pack We may be a bit smaller, but fudametally we re o differet to ay other accoutig practice. Util ow, smaller firms have faced a stark choice: Buy cheaply, kowig that the practice

More information

leasing Solutions We make your Business our Business

leasing Solutions We make your Business our Business if you d like to discover how Bp paribas leasig Solutios Ca help you to achieve your goals please get i touch leasig Solutios We make your Busiess our Busiess We look forward to hearig from you you ca

More information

Simple Annuities Present Value.

Simple Annuities Present Value. Simple Auities Preset Value. OBJECTIVES (i) To uderstad the uderlyig priciple of a preset value auity. (ii) To use a CASIO CFX-9850GB PLUS to efficietly compute values associated with preset value auities.

More information

How to set up your GMC Online account

How to set up your GMC Online account How to set up your GMC Olie accout Mai title Itroductio GMC Olie is a secure part of our website that allows you to maage your registratio with us. Over 100,000 doctors already use GMC Olie. We wat every

More information

Arithmetic Sequences and Partial Sums. Arithmetic Sequences. Definition of Arithmetic Sequence. Example 1. 7, 11, 15, 19,..., 4n 3,...

Arithmetic Sequences and Partial Sums. Arithmetic Sequences. Definition of Arithmetic Sequence. Example 1. 7, 11, 15, 19,..., 4n 3,... 3330_090.qxd 1/5/05 11:9 AM Page 653 Sectio 9. Arithmetic Sequeces ad Partial Sums 653 9. Arithmetic Sequeces ad Partial Sums What you should lear Recogize,write, ad fid the th terms of arithmetic sequeces.

More information

IT Support. 020 8269 6878 n www.premierchoiceinternet.com n support@premierchoiceinternet.com. 30 Day FREE Trial. IT Support from 8p/user

IT Support. 020 8269 6878 n www.premierchoiceinternet.com n support@premierchoiceinternet.com. 30 Day FREE Trial. IT Support from 8p/user IT Support IT Support Premier Choice Iteret has bee providig reliable, proactive & affordable IT Support solutios to compaies based i Lodo ad the South East of Eglad sice 2002. Our goal is to provide our

More information

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

Lesson 17 Pearson s Correlation Coefficient

Lesson 17 Pearson s Correlation Coefficient Outlie Measures of Relatioships Pearso s Correlatio Coefficiet (r) -types of data -scatter plots -measure of directio -measure of stregth Computatio -covariatio of X ad Y -uique variatio i X ad Y -measurig

More information

Preserving Your Financial Legacy with Life Insurance Premium Financing.

Preserving Your Financial Legacy with Life Insurance Premium Financing. Preservig Your Fiacial Legacy with Life Isurace Premium Fiacig. Prepared by: Keeth M. Fujita, Natioal Director, The Private Bak Specialty Fiace Group Life Isurace Premium Fiace. James Mosrie, Seior Wealth

More information

Best of security and convenience

Best of security and convenience Get More with Additioal Cardholders. Importat iformatio. Add a co-applicat or authorized user to your accout ad you ca take advatage of the followig beefits: RBC Royal Bak Visa Customer Service Cosolidate

More information

Consider these sobering statistics

Consider these sobering statistics Idetity Theft is a form of fraud or Idetity theft cotiues to icrease every year ad has impacted millios of Americas. cheatig of aother perso s idetity i which someoe preteds to be someoe else by assumig

More information

Hypothesis testing. Null and alternative hypotheses

Hypothesis testing. Null and alternative hypotheses Hypothesis testig Aother importat use of samplig distributios is to test hypotheses about populatio parameters, e.g. mea, proportio, regressio coefficiets, etc. For example, it is possible to stipulate

More information

Comparing Credit Card Finance Charges

Comparing Credit Card Finance Charges Comparig Credit Card Fiace Charges Comparig Credit Card Fiace Charges Decidig if a particular credit card is right for you ivolves uderstadig what it costs ad what it offers you i retur. To determie how

More information

Determining the sample size

Determining the sample size Determiig the sample size Oe of the most commo questios ay statisticia gets asked is How large a sample size do I eed? Researchers are ofte surprised to fid out that the aswer depeds o a umber of factors

More information

Bank Secrecy Act. Job-specific BSA tracks Related case studies Suggested courses

Bank Secrecy Act. Job-specific BSA tracks Related case studies Suggested courses Bak Secrecy Act Whether your bak is big or small, Bak Secrecy Act (BSA) compliace ofte feels overwhelmig due to the complexities ad related processes ad procedures surroudig this ever-chagig legislatio.

More information

Wells Fargo Insurance Services Claim Consulting Capabilities

Wells Fargo Insurance Services Claim Consulting Capabilities Wells Fargo Isurace Services Claim Cosultig Capabilities Claim Cosultig Claims are a uwelcome part of America busiess. I a recet survey coducted by Fulbright & Jaworski L.L.P., large U.S. compaies face

More information

Enhancing Oracle Business Intelligence with cubus EV How users of Oracle BI on Essbase cubes can benefit from cubus outperform EV Analytics (cubus EV)

Enhancing Oracle Business Intelligence with cubus EV How users of Oracle BI on Essbase cubes can benefit from cubus outperform EV Analytics (cubus EV) Ehacig Oracle Busiess Itelligece with cubus EV How users of Oracle BI o Essbase cubes ca beefit from cubus outperform EV Aalytics (cubus EV) CONTENT 01 cubus EV as a ehacemet to Oracle BI o Essbase 02

More information

Impact your future. Make plans with good advice from ACT. Get Set for College 1. THINK 2. CONSIDER 3. COMPARE 4. APPLY 5. PLAN 6.

Impact your future. Make plans with good advice from ACT. Get Set for College 1. THINK 2. CONSIDER 3. COMPARE 4. APPLY 5. PLAN 6. Impact your future Get Set for College 1. THINK 2. CONSIDER 3. COMPARE 4. APPLY 5. PLAN 6. DECIDE Make plas with good advice from ACT. 1. Thik Thik about yourself ad your college eeds Do you start thigs

More information

I apply to subscribe for a Stocks & Shares ISA for the tax year 20 /20 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares ISA for the tax year 20 /20 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares ISA Trasfer Applicatio Form IFSL Brooks Macdoald Fud Stocks & Shares ISA Trasfer Applicatio Form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

The Forgotten Middle. research readiness results. Executive Summary

The Forgotten Middle. research readiness results. Executive Summary The Forgotte Middle Esurig that All Studets Are o Target for College ad Career Readiess before High School Executive Summary Today, college readiess also meas career readiess. While ot every high school

More information

auction a guide to selling at Residential

auction a guide to selling at Residential Residetial a guide to sellig at auctio Allsop is the market leader for residetial ad commercial auctios i the UK Aually sells up to 700 millio of property at auctio Holds at least seve residetial ad six

More information

INDEPENDENT BUSINESS PLAN EVENT 2016

INDEPENDENT BUSINESS PLAN EVENT 2016 INDEPENDENT BUSINESS PLAN EVENT 2016 The Idepedet Busiess Pla Evet ivolves the developmet of a comprehesive proposal to start a ew busiess. Ay type of busiess may be used. The Idepedet Busiess Pla Evet

More information

Lesson Plan 2. Sharing Personal Information

Lesson Plan 2. Sharing Personal Information Lesso Pla 2 Sharig Persoal Iformatio CLB Level(s): 1-2 CLB Skill(s): Speakig, Listeig, Writig Essetial Skill(s): Documet Use, Oral Commuicatio Objective(s) To be able to uderstad ad complete a variety

More information

Amendments to employer debt Regulations

Amendments to employer debt Regulations March 2008 Pesios Legal Alert Amedmets to employer debt Regulatios The Govermet has at last issued Regulatios which will amed the law as to employer debts uder s75 Pesios Act 1995. The amedig Regulatios

More information

Credit Management. Unit CHAPTERS. 16 Credit in America. 17 Credit Records and Laws. 18 Responsibilities and Costs of Credit. 19 Problems with Credit

Credit Management. Unit CHAPTERS. 16 Credit in America. 17 Credit Records and Laws. 18 Responsibilities and Costs of Credit. 19 Problems with Credit Uit 4 Credit Maagemet CHAPTERS 16 Credit i America 17 Credit Records ad Laws 18 Resposibilities ad Costs of Credit 19 Problems with Credit CASE: Suze Orma PROJECT: Maagig Credit ad Debt 354 Copyright 2010

More information

Information for Programs Seeking Initial Accreditation

Information for Programs Seeking Initial Accreditation Iformatio for Programs Seekig Iitial Accreditatio Aswers to Frequetly- Asked-Questios (from www.abet.org/ew-to-accreditatio/) Assurig Quality l Stimulatig Iovatio This documet iteds to aswer may of the

More information

2 Time Value of Money

2 Time Value of Money 2 Time Value of Moey BASIC CONCEPTS AND FORMULAE 1. Time Value of Moey It meas moey has time value. A rupee today is more valuable tha a rupee a year hece. We use rate of iterest to express the time value

More information

auction a guide to buying at Residential

auction a guide to buying at Residential Residetial a guide to buyig at auctio Allsop is the market leader for residetial ad commercial auctios i the UK Aually sells approximately 1 billio of property at auctio i the UK Holds at least seve residetial

More information

summary of cover CONTRACT WORKS INSURANCE

summary of cover CONTRACT WORKS INSURANCE 1 SUMMARY OF COVER CONTRACT WORKS summary of cover CONTRACT WORKS INSURANCE This documet details the cover we ca provide for our commercial or church policyholders whe udertakig buildig or reovatio works.

More information

LEASE-PURCHASE DECISION

LEASE-PURCHASE DECISION Public Procuremet Practice STANDARD The decisio to lease or purchase should be cosidered o a case-by case evaluatio of comparative costs ad other factors. 1 Procuremet should coduct a cost/ beefit aalysis

More information

Making training work for your business

Making training work for your business Makig traiig work for your busiess Itegratig core skills of laguage, literacy ad umeracy ito geeral workplace traiig makes sese. The iformatio i this pamphlet will help you pla for ad build a successful

More information

College of Nursing and Health care Professions

College of Nursing and Health care Professions College of Nursig ad Health care Professios a history of excellece Grad Cayo Uiversity s College of Nursig ad Health Care Professios has bee providig a outstadig health care educatio for over 25 years.

More information

WE KEEP GOOD COMPANY REVITALIZING STORES FOR BIG BRAND FRANCHISES CFG. Recapitalization. Growth Capital CAROLINA FINANCIAL GROUP

WE KEEP GOOD COMPANY REVITALIZING STORES FOR BIG BRAND FRANCHISES CFG. Recapitalization. Growth Capital CAROLINA FINANCIAL GROUP REVITALIZING STORES FOR BIG BRAND FRANCHISES Recapitalizatio Frachise ad Restaurats Growth Capital I ve spet my career buildig valuable restaurat frachises for some of the top QSR brads i America. We eeded

More information

MainStay Funds IRA/SEP/Roth IRA Distribution Form

MainStay Funds IRA/SEP/Roth IRA Distribution Form MaiStay Fuds IRA/SEP/Roth IRA Distributio Form Do ot use for IRA Trasfers or SIMPLE IRA INSTRUCTIONS Before completig this form, please refer to the applicable Custodial Agreemet ad Disclosure Statemet

More information

Agenda. Outsourcing and Globalization in Software Development. Outsourcing. Outsourcing here to stay. Outsourcing Alternatives

Agenda. Outsourcing and Globalization in Software Development. Outsourcing. Outsourcing here to stay. Outsourcing Alternatives Outsourcig ad Globalizatio i Software Developmet Jacques Crocker UW CSE Alumi 2003 jc@cs.washigto.edu Ageda Itroductio The Outsourcig Pheomeo Leadig Offshore Projects Maagig Customers Offshore Developmet

More information

FIRST AID AT WORK. What is First Aid? Why is First Aid Important? What the law says. Benefits of First Aid WSPS.CA

FIRST AID AT WORK. What is First Aid? Why is First Aid Important? What the law says. Benefits of First Aid WSPS.CA FIRST AID AT WORK What is First Aid? First aid is the immediate care give to a perso who is ijured or who suddely becomes ill. It ca rage from cleaig a cut ad applyig a badage to helpig someoe who is chokig

More information

Baan Finance Accounts Payable

Baan Finance Accounts Payable Baa Fiace Accouts Payable Module Procedure UP035A US Documetiformatio Documet Documet code : UP035A US Documet group : User Documetatio Documet title : Accouts Payable Applicatio/Package : Baa Fiace Editio

More information

_ìóáåö=vçìê=cáêëí= eçãé=áå=`~å~ç~ What Newcomers Need to Know

_ìóáåö=vçìê=cáêëí= eçãé=áå=`~å~ç~ What Newcomers Need to Know _ìóáåö=vçìê=cáêëí= eçãé=áå=`~å~ç~ What Newcomers Need to Kow ^=mi^`b=ql=`^ii=eljbk=^=mi^`b=lc=vlro=ltkk You ve made Caada your ew home ad ow you re lookig for a place of your ow. Buyig a house is a excitig

More information

How to read A Mutual Fund shareholder report

How to read A Mutual Fund shareholder report Ivestor BulletI How to read A Mutual Fud shareholder report The SEC s Office of Ivestor Educatio ad Advocacy is issuig this Ivestor Bulleti to educate idividual ivestors about mutual fud shareholder reports.

More information

France caters to innovative companies and offers the best research tax credit in Europe

France caters to innovative companies and offers the best research tax credit in Europe 1/5 The Frech Govermet has three objectives : > improve Frace s fiscal competitiveess > cosolidate R&D activities > make Frace a attractive coutry for iovatio Tax icetives have become a key elemet of public

More information

I. Why is there a time value to money (TVM)?

I. Why is there a time value to money (TVM)? Itroductio to the Time Value of Moey Lecture Outlie I. Why is there the cocept of time value? II. Sigle cash flows over multiple periods III. Groups of cash flows IV. Warigs o doig time value calculatios

More information

Create Income for Your Retirement. What You Can Expect. What to Consider. Page 1 of 7

Create Income for Your Retirement. What You Can Expect. What to Consider. Page 1 of 7 Page 1 of 7 RBC Retiremet Icome Plaig Process Create Icome for Your Retiremet At RBC Wealth Maagemet, we believe maagig your wealth to produce a icome durig retiremet is fudametally differet from maagig

More information

CDs Bought at a Bank verses CD s Bought from a Brokerage. Floyd Vest

CDs Bought at a Bank verses CD s Bought from a Brokerage. Floyd Vest CDs Bought at a Bak verses CD s Bought from a Brokerage Floyd Vest CDs bought at a bak. CD stads for Certificate of Deposit with the CD origiatig i a FDIC isured bak so that the CD is isured by the Uited

More information

PAYG instalments how to complete your activity statement

PAYG instalments how to complete your activity statement Istructios for busiesses ad ivestors PAYG istalmets how to complete your activity statemet For more iformatio visit www.ato.gov.au NAT 7393-11.2012 Our commitmet to you We are committed to providig you

More information

FI A CIAL MATHEMATICS

FI A CIAL MATHEMATICS CHAPTER 7 FI A CIAL MATHEMATICS Page Cotets 7.1 Compoud Value 117 7.2 Compoud Value of a Auity 118 7.3 Sikig Fuds 119 7.4 Preset Value 122 7.5 Preset Value of a Auity 122 7.6 Term Loas ad Amortizatio 123

More information

Flexible Trust. (Settlor as trustee with optional survivorship clause) Your questions answered. What is a trust? What is a Flexible Trust?

Flexible Trust. (Settlor as trustee with optional survivorship clause) Your questions answered. What is a trust? What is a Flexible Trust? Flexible Trust (Settl as trustee with optioal survivship clause) Your questios aswered Uderstadig trusts ad their implicatios ca be pretty complicated. You should always get advice from your legal adviser

More information

New job at the Japanese company, would like to know about the health insurance. What's the process to apply for the insurance?

New job at the Japanese company, would like to know about the health insurance. What's the process to apply for the insurance? Cabiet ねん かせんぶ ねん しゅが かせんぶ じてん しゅうせい 8-4-2 (2008 年 下 線 部 &2009 年 朱 書 き 下 線 部 時 点 修 正 ) Level 3 Chapter Illess Sectio Public health isurace Cotets Health isurace 1 Possible questio ad backgroud. New job

More information

Health and dental coverage that begins when your group health benefits end

Health and dental coverage that begins when your group health benefits end Health ad detal coverage that begis whe your group health beefits ed Uderwritte by The Maufacturers Life Isurace Compay Page 1 of 5 FollowMeTM Health ca be your solutio. Life is full of chages. Some are

More information

Ken blanchard college of business

Ken blanchard college of business Ke blachard College of BUSINESS a history of excellece Established i 1949, Grad Cayo Uiversity has more tha a 60-year track record of helpig studets achieve their academic goals. The Ke Blachard College

More information

MESSAGE TO TEACHERS: NOTE TO EDUCATORS:

MESSAGE TO TEACHERS: NOTE TO EDUCATORS: MESSAGE TO TEACHERS: NOTE TO EDUCATORS: Attached herewith, please fid suggested lesso plas for term 1 of MATHEMATICS Grade 12. Please ote that these lesso plas are to be used oly as a guide ad teachers

More information

Here are a couple of warnings to my students who may be here to get a copy of what happened on a day that you missed.

Here are a couple of warnings to my students who may be here to get a copy of what happened on a day that you missed. This documet was writte ad copyrighted by Paul Dawkis. Use of this documet ad its olie versio is govered by the Terms ad Coditios of Use located at http://tutorial.math.lamar.edu/terms.asp. The olie versio

More information

Baan Service Master Data Management

Baan Service Master Data Management Baa Service Master Data Maagemet Module Procedure UP069A US Documetiformatio Documet Documet code : UP069A US Documet group : User Documetatio Documet title : Master Data Maagemet Applicatio/Package :

More information

CCH Practice Management

CCH Practice Management 1 CCH Practice Maagemet practice maagemet facig today s challeges Every year it seems we face more regulatios, growig cliet expectatios ad lower margis o our compliace work. It s a tough time for a accoutig

More information

About our services and costs

About our services and costs About our services ad costs Cotets Whose products do we offer 2 Ivestmet 2 Isurace 2 Mortgages 2 Which services will we provide you with? 3 Ivestmet 3 Isurace 3 Mortgages 3 What will you have to pay us

More information

Domain 1: Designing a SQL Server Instance and a Database Solution

Domain 1: Designing a SQL Server Instance and a Database Solution Maual SQL Server 2008 Desig, Optimize ad Maitai (70-450) 1-800-418-6789 Domai 1: Desigig a SQL Server Istace ad a Database Solutio Desigig for CPU, Memory ad Storage Capacity Requiremets Whe desigig a

More information

REFURBISHMENTS AND AUGMENTATIONS

REFURBISHMENTS AND AUGMENTATIONS INTRODUCTION TIER WORKING PAPER No. 0 REFURBISHMENTS AND AUGMENTATIONS Workig Paper No. How Water Prices are Set provided a overview of how water prices are set o the basis of lower boud costs. As oted

More information

My first gold holdings. My first bank. Simple. Transparent. Individual. Our investment solutions for clients abroad.

My first gold holdings. My first bank. Simple. Transparent. Individual. Our investment solutions for clients abroad. My first gold holdigs. My first bak. Simple. Trasparet. Idividual. Our ivestmet solutios for cliets abroad. The perfect basis for workig together successfully The wheel of time is turig faster tha ever

More information

HSAs the American Fidelity Way:

HSAs the American Fidelity Way: Health Ser vices Admiistratio, LLC HSAs the America Fidelity Way: Kowledge, Experiece, Commitmet With over 30 years experiece i providig pre-tax services, America Fidelity is a pioeer i Sectio 125 flexible

More information

Agency Relationship Optimizer

Agency Relationship Optimizer Decideware Developmet Agecy Relatioship Optimizer The Leadig Software Solutio for Cliet-Agecy Relatioship Maagemet supplier performace experts scorecards.deploymet.service decide ware Sa Fracisco Sydey

More information

ContactPro Desktop for Multi-Media Contact Center

ContactPro Desktop for Multi-Media Contact Center CotactPro Desktop for Multi-Media Cotact Ceter CCT CotactPro (CP) is the perfect solutio for the aget desktop i a Avaya multimedia call ceter eviromet. CotactPro empowers agets to efficietly serve customers

More information

Predictive Modeling Data. in the ACT Electronic Student Record

Predictive Modeling Data. in the ACT Electronic Student Record Predictive Modelig Data i the ACT Electroic Studet Record overview Predictive Modelig Data Added to the ACT Electroic Studet Record With the release of studet records i September 2012, predictive modelig

More information

One Goal. 18-Months. Unlimited Opportunities.

One Goal. 18-Months. Unlimited Opportunities. 18 fast-track 18-Moth BACHELOR S DEGREE completio PROGRAMS Oe Goal. 18-Moths. Ulimited Opportuities. www.ortheaster.edu/cps Fast-Track Your Bachelor s Degree ad Career Goals Complete your bachelor s degree

More information

In nite Sequences. Dr. Philippe B. Laval Kennesaw State University. October 9, 2008

In nite Sequences. Dr. Philippe B. Laval Kennesaw State University. October 9, 2008 I ite Sequeces Dr. Philippe B. Laval Keesaw State Uiversity October 9, 2008 Abstract This had out is a itroductio to i ite sequeces. mai de itios ad presets some elemetary results. It gives the I ite Sequeces

More information

The ERP Card-Solution. The power, control and efficiency of ERP combined with the ease-of-use and financial benefits of a P-Card.

The ERP Card-Solution. The power, control and efficiency of ERP combined with the ease-of-use and financial benefits of a P-Card. The ERP Card-Solutio Xpoetial - It's about Itegratio The power, cotrol ad efficiecy of ERP combied with the ease-of-use ad fiacial beefits of a P-Card. TM poetial The ERP-Card Solutio P-Cards ad ERP For

More information

FIRE PROTECTION SYSTEM INSPECTION, TESTING AND MAINTENANCE PROGRAMS

FIRE PROTECTION SYSTEM INSPECTION, TESTING AND MAINTENANCE PROGRAMS STRATEGIC OUTCOMES PRACTICE TECHNICAL ADVISORY BULLETIN February 2011 FIRE PROTECTION SYSTEM INSPECTION, TESTING AND MAINTENANCE PROGRAMS www.willis.com Natioal Fire Protectio Associatio (NFPA) #25 a mai

More information