Lending a Helping Hand

They deal with both secured and unsecured loans. Irrespective of the type of loan that you are looking for they try to give you the best offers on the loans. They get your loan application approved by one of their lending partners. Be it Small Business Administration loan or a Commercial loan, with them the process of getting a loan is extremely easy and hassle-free. Their vision is to assist more and more people to get their loans instantly approved.

They are well-known as SBA loans broker in New Jersey. When u apply for an SBA loan the SBA participates by guaranteeing a portion of the loan amount. This helps the small business get the loan which it may otherwise have not been qualified for. The guarantee from a government agency enables the business to qualify for the loan. The SBA acts as a loan broker based on factors such as how the company earns its revenue, the background of its owners, and also where the business operates.

SBA loans broker in New Jersey

The 7(a) Loan Program is SBA’s most common loan program. SBA loans broker in New Jersey and SBA Loans broker in New York offer nine different types of 7(a) loans. Therefore each business may find that one 7(a) loan is better suited for it than another

Some basic factors that qualify you for a loan are:

Your business must have fewer than 500 employees.

Your yearly revenue must have been less than $7.5 million on average for the last three years.

Your net income must be under $5 million (after taxes and not counting carry-over losses),

your tangible net worth must be less than $15 million.

The different types of SBA 7(a) loans are: Standard 7(a),7(a) small loans, SBA Express, Export Express, Export Working Capital, International trade, Veteran’s advantage, and CAPlines.

Commercial loans

The term Commercial loans is a generic name used for various types of loans used for business purposes.

Top Commercial Loan Brokers in New Jersey

MBS & Finance Corp operates in New York, Edison, and New Jersey. It is one of the Topcommercial loan brokers in New Jersey.

Some of the uses for a Commercial loan are typically as follows:

Commercial loans are generally used to fund large capital purchases or to finance operational costs that are associated with business expansion or acquisitions. Commercial financing can be used in a variety of ways and is increasingly classified as general-purpose loans.

Operational expenses

Operational expenses (also known as OpEx) are associated with ongoing costs a company pays to operate its core business activities.

Capital Expenditures

Capital expenditures (also known as CapEx) are funds used by companies to acquire, upgrade and maintain physical assets. Common capital expenditures may include the purchase of new equipment, upgrading business technology, facilities and inventory, and of course, real estate.

Is the Transition to ICD-10 a Real Success?

There was a considerable amount of worry in the healthcare industry when the switch was made to ICD-10 on the 1st of October, 2015. However, it has been over six months since it went into effect and despite dire warnings about the new medical coding standard; the transition has not been nearly as bad as predicted. There have been a number of reasons cited for the successful transition which includes better preparation, education, and awareness of what was going to occur.

While the transition was not perfect, it was free of any major catastrophes so many people expect that the healthcare industry is out of danger. However, the transition did produce some issues that may come back to haunt those who have proclaimed it an unqualified success.

Difficulties Did Occur in the Transition

As reported by sources in the industry, there was an initial increase in claims that needed to be held back because of inaccurate coding that were from the old ICD-9, but that cleared up by the end of October for the most part. It helped that the healthcare industry had a much longer heads-up for the changes as compared to previous updates.

However, despite things going rather smoothly, it cannot be claimed that the transition is a complete success at least to this point. This is because there is a one-year span that occurs between October 1st, 2015 and October 1st, 2016 means that there is still some evaluation left to do.

It can be said that the sky did not fall and that the healthcare industry as a whole reacted well to the changes that were made. There were no mass rejections of claims, cash flows that dried up, or chaos in the industry. In fact, it did go smoothly enough that it might be claimed that many in the industry had gone way too far in their predictions of doom.

Still, it is important to keep in mind that the medical coding services will still need to tighten up as the relaxation period draws to a close and ICD-10 becomes the law of the land. After October 1st of this year, it may be that there is a rise in the number of mistakes that makes some in the industry believe that their worst fears are being realized. A little fear can go a long way towards ensuring that the new coding system sticks and is properly followed so that confusion is minimized.

As of right now, all seems quiet and fine. However, that can change after October 1st if the changes put into place do not stick and codes revert to the previous set that will cause confusion to prevail. While the idea that the entire system will crash is arguably way too pessimistic, it can be said that the healthcare industry has yet to fully pass the time of concern. This means that practitioners will need to be diligent so that the next deadline can be passed as smoothly as possible.

CrystalVoxx.com – We provide all-in-one solution for your entire medical billing and coding needs. Get paid quicker and reduce your Days in AR with our higher first pass claim acceptance ratio.

How ELSS should be chosen to complement existing portfolio

Usually, we all look for investment opportunities that can help us build an adequate sum of wealth, get regular returns, and/or save taxes. There could be several investment schemes in the market to save your taxes, but ELSS i.e. Equity linked saving schemes is a one – stop solution for all your tax saving and wealth creation needs. Usually 80 % of asset allocation needs to be in equity funds. ELSS SIP is also an easy option for investing where the minimum investment amount is Rs 500.

ELSS funds are also called tax saving schemes as they offer tax exemption of up to Rs. 150,000 from your annual taxable income under Section 80C of the Income Tax Act and comes with a three-year lock-in during which they cannot be redeemed or switched. Among other tax saving instruments, ELSS is the scheme with the shortest lock-in.

Six Key factors To Consider While Choosing ELSS Fund

Portfolio composition

A major portion of ELSS funds are equity funds that invest their major chunk into diversified equity or equity-related instruments. The Fund manager has the flexibility to allocate the stocks as per his calculations, research basis of the market conditions, objective of the fund, and his own risk-taking capability to achieve that objective (i.e. Large Cap / Mid Cap).

You can review what is the portfolio composition of the fund based on market cap and stability of its investment patterns. Prefer to choose the funds that have steady investment pattern and that stay true to its label. Choose quality of companies invested in while assessing the ELSS schemes. Evaluate the stocks concentration in the portfolio and percentage of top five stocks in the portfolio. Thoroughly check all allocation made to large cap / mid cap / small cap companies in the ELSS tax -saving schemes.

Risk Involved and Expected Returns
ELSS is an Equity Linked Scheme and it requires you to identify your risk appetite.

Risk and returns on investments are interlinked. One must ensure to check the risk and returns involved while choosing ELSS funds. Some Mutual Funds could be giving higher returns but risk involved also could be equally high. Therefore, the key to decide your risk appetite while assessing a suitable fund for you. Risk involved can also be calculated from ratios like Sharpe Ratio which is a measure of risk-adjusted return.

Return Expectation of the ELSS Funds
While selecting the ELSS mutual fund, it does not make sense to chase returns. Last one-year’s performer may not be consistent next year. Hence, investor must review the trend of the fund in respect of rate of returns delivered. Also, one should consider the rate of return as well as the consistency with which those returns are delivered. Select the scheme based on your preference with the portfolio style and strategy. Make sure to analyze the records of the fund for a period exceeding 5 years. This is an ideal duration, as the fund goes through multiple cycles of ups and downs in the market. This helps the investor to track the past performance of the particular scheme.

Expense Ratio of ELSS Funds
Investor should choose the fund with low or moderate expense ratio along with the higher rate of returns.

Fund Manager’s performance
Fund House
Examine whether the fund manager is able to deliver consistency of performance across market cycles
Check fund manager’s profile and his/her record not just in this fund but other funds he/she manages
This is an important factor to select the Tax- Saving fund. Investor must consider the asset management company’s investment philosophy, do a deep background check of its financial stability and company policy before investing

In order to understand how to allocate to ELSS funds, compare ELSS to the other equity funds held, so that there is no duplication in style and portfolio composition.