Cash Back Deals on Financial Products

What did you get last time you borrowed a mortgage, or got yourself or your car insured by an insurance company? Perhaps a discount on the interest rate in the case of mortgage, and a little reduction in the premium amount in the case of insurance.

That’s all you will always get when you don’t shop via a cash back portal.
However, if you decide to obtain the same financial products from a cash back portal, you not only will get the usual discounts from the lender or the insurance company but will also gain fabulous cashback from the portal via which you bought the products.

Now the question which arises is how the portals manage to give you huge amounts of cash backs on the purchases you make. Let us understand the process. All lenders and insurers spend a lot of money on commissions paid to agents. Commissions on financial products are huge because they are extremely lucrative for the financial institutions. A part of this commission is passed on to the agents.

Since the cash back portals work as the agent in case a consumer obtains a loan from one of the financial institutions listed on it, the commission is received by it. A part (sometimes the whole) of this commission is passed on to the consumer by the cash back portal either in the form of cash or in the form of discount vouchers which the consumer can use to obtain rebates on next purchases made from the same site. While in the case of normal loan borrowing, the agent does not give you back a single penny, the cash back portal returns a substantial part or whole of the referral commission to you. Isn’t that great?

What’s more, wonderful cash back offers can be availed not only on loans and insurance, but also on other financial products like pension, bank accounts (savings and current), credit cards, and shares. Maximum cash back (sometimes up to thirty per cent) can be obtained on some credit cards and share deals on some of the up-coming cash back sites. So, what are you waiting for? Just sign up as a member (and even signing up can bring you cash!) and earn cash back on your favourite financial deals!

Financial Products 101 Overview

Confused by all the lingo and terms concerning the various financial products? Not quite sure which product is best for you – equipment lease or working capital loan? What are the requirements for each product and are they etched in stone? Read on for a quick lesson on 7 financing products for your business or church.

SBA Loans – Loans guaranteed by the Small Business Association, but provided through your local or national bank. The guarantee is for the lender, not you the borrower. Current approvals (up to $2M) given for purchasing an existing business, partner buyouts, real estate transactions, medical professionals. Borrower generally needs 620+ credit score. Individual lenders determine which transactions they are willing to approve and specific requirements.

Equipment Leasing – Used to acquire equipment considered essential to your business. Must provide vendor estimate/sales quote for requested equipment as funds are forwarded to vendor for payment, not borrower. Borrower can own equipment at end of term or lease new equipment. Two years TIB generally required, some start-ups may qualify. Minimum 620+ credit score generally required. Lease payments can be considered business expense and often used instead of paying large upfront amount to outright purchase equipment.

Sales Leaseback – Current owner of equipment agrees to sell their equipment to lender and make lease payments to secure working capital funds. Equipment must have large secondary market; equipment deemed too specific has limited market and not a good candidate. Equipment should be relatively new, less than 18 months. Borrower must submit equipment listing that details equipment specifics offered for sale to determine value given for leaseback. Each piece should be valued over $25,000. Generally good credit expected on borrower.

Account Receivables Financing – Also called factoring, increasingly popular form of obtaining line of credit, based on your average monthly receivables. Great way of obtaining operating capital without having to wait for your customers to pay. Approvals weigh heavily on the quality of your receivables, not as much on your credit. Receivables generally should average minimum $25,000 per month. Once approved, 60-80% of receivable is advanced to borrower after customer is invoiced. When customer pays factoring lender, the balance of invoice, minus processing fee, is forwarded back to borrower.

Working Capital Loan – This is a true loan product, reported on your credit report. Approvals generally based on overall cash flow availability (average bank balance and average credit card processing) as well as credit history. Credit score expected in 620+ range, average balances in $5,000 range. Approval amounts up to $100,000, repayment up to 12 months. Once approved, loan can be used for almost any purpose. Renewals are possible once initial loans are 80-90% repaid. Rates generally lower than merchant cash advance. Funding usually complete in 7 days.

Merchant Cash Advance – Cash advance is forwarded to borrower based on last 6 months of credit card history. Credit is not as important, but should be 500+ with no recent bankruptcies. Merchant generally must process $8,000 minimum per month – Visa, MC, AMEX and some lenders include debit card processing as well. Cash and check amounts are not affected. This can be an expensive financing product, best for those in need of quick funding, generally with no other options for securing money. Operating capital can be used for almost any purpose. Funding usually complete in 7 days. Seasonal businesses may need to submit 12 months of merchant statements.

Church Financing – equipment programs available for new and established churches. Can fund chairs, pews, audio-visual equipment, almost anything needed for the interior of your church. $5,000 minimum request, requires personal guarantor with 600+ credit. Equipment sales quote from vendor needed as payment is made directly to vendor for equipment. Church addition/construction loans also available, generally require $300,000 minimum loan request. Church financial and bank statements needed for review prior to approval.

Now you have a quick starting point to help determine which financial products best suit your needs. Be sure to be honest and upfront regarding all aspects of your financial situation when discussing and submitting your application. Credible lenders will complete due diligence activities and your request may be declined for lack of full disclosure.

FAP Turbo is the Most Financially Productive System Today – Will it Maintain This Lofty Position?

There can be no questioning the fact that FAP Turbo produces more profits for its clients than any other Forex trading system that has ever been introduced. But each and every week there is another currency trading system that is being made available to the general public, so exactly how long is it going to be able to hold on to this gigantic lead it has?

If I were getting ready to obtain a Forex software trading system this is a question that I would defiantly want answered. I mean what happen if the day after you bought FAP Turbo something comes out better than it?

If that happened I personally would jump for joy. It would mean that there is something that can provide me with even more income than FAP Turbo does and I would switch to it immediately. But, until that day comes along, what am I going to do, not take all the profits it is providing me? Of course not!

If you think about the cost of these systems, they are nothing compared to the revenue they are able to produce. There is not a week that goes by, I should change that to there is not virtually a day that goes by that this exceptional software system does not produce more positive revenue than it cost me to purchase. Of course your profits could vary based on the amount you invest. If you’re like me and just leave your profits in your account, you will see you income start increasing rather rapidly.

If you don’t believe me you can go to FAP Turbo’s website and see for yourself. They display the real time actual results every fifteen minutes the markets are open. You can see exactly what you would have made during this period. If they lose money, they post that, if they make money they post that. I have news for you; they are not providing this financial information because you don’t make good money with the software. It only takes ten minutes to check it out and if it can do for you what it has done for hundreds of thousands before you then it certainly could be the best ten minutes you have ever spent.