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Light Studios

What are the differences between Secured and Unsecured business loans

Once one has decided to go for start-up business loans, the next natural question is whether to go for a secured loan or an unsecured business funding. This is relevant because of the difference in asset treatment.

What are the differences between Secured and Unsecured business loans

A Secured loan is wherein a lender offers a loan amount against the backing of a collateral asset. In the event of non-payment of principal or interest component, the lender can liquidate the asset to recover the dues. On the other hand, an Unsecured loan does not involve any pledge of collateral. Thus, in the event of a loan default, the business assets are protected. Now we shall look at the differences between secured and unsecured business loans:

  1. Ease of obtaining a loan:

Banks are willing to lend a Secured loan as the bank’s lending risk is considerably reduced due to the underlying asset backing the loan. However, a secured loan involves extensive processing time and documentation as the asset needs to be valued by a competent expert valuer.

In comparison, an unsecured loan withcollateral-freeoption is processed and disbursed promptly. Also, fintech lenders have enabled paperless process with online uploading of documents.

For SME’s quick funds, to meet their working capital needs, a collateral free loan would be the best option.

  1. Loan size:

A secured loan offers relatively higher loan amount, but it needs asset backing of 100% or above for loan sanction. Plus, it also involves extensive documentation. However, for SMEs that need small funds infusion at regular intervals, an unsecured business loan would work better.

  1. Repayment duration:

Given larger loan size, secured loans generally have a longer repayment tenure in comparison to an unsecured loan which is for a shorter duration. Thus, an unsecured loan, being a short-term debt can be repaid and the borrower can avail another loan. This would ease the pressure on the profitability, instead of holding a prolonged debt in the books.

  1. Processing time:

A Secured loan, given its asset mortgage condition, takes a much longer time to be processed. Plus, there a lot of legal formalities and valuation requirements that has to be complied with. Unsecured loans are a quick option to obtain business loans.

  1. Administration Costs:

A secured loan involves higher administrative costs as compared to unsecured business loans. In many cases, the loan amount sanctioned is significantly reduced after deduction of multiple charges in case of a secured loan.

  1. Eligibility Criteria:

Unsecured loans are collateral free and the loan eligibility, in this case, is determined upon the business performance. However, in a secured loan, the loan amount is restricted to a certain percent of the pledged asset.

In conclusion, the principle difference between secured and unsecured loans lies in the underlying asset. Thus, for a small business with a limited asset base, an unsecured loan is the better option.

For a business, keen to obtain a small amount of external financing and a short term option, without the hassles of providing collateral, an unsecured business loan from … Read More

The Simplicity of the Beni Ourain Rug

When it comes to decorating a home, many factors go into creating the ideal place. For many people, the goal is to take any space and make it come to life. They’re looking for a decor plan that is at once classic, elegant and yet entirely simple. One of the easiest ways to keep it simple and yet beautiful and full of interesting detail at the same time is with the use of the right kind of rugs. The use of rugs offers tremendous appeal for all those who love and adore such style. A Moroccan Berber rug fits the bill in every possible way. These rugs make a wonderful thing to bring to any room in your home and set the stage for everything else.


Each Piece Counts

Anyone who wants to turn a room from ordinary to something remarkably special can look to the Beni Ourain rug to serve as the basis for the rest of their plans for the home. Any plan to decorate a room works best when reduced to a few great pieces made of the finest materials. This is where the Berber rug comes in. It easily serves as the centerpiece and focal point for all that’s to follow. Place in on the floor and watch the entire space come alive with much needed texture, welcome softness and elegance. This rug is ideal for those who are looking for a few fantastic items they can use in any room room in the home to marvelous effect.

Simple Craft

Those who made the Moroccan Berber rug begin with a few simple materials and keep to them. They turn to the sheep that they know so well in the Atlas mountains for help. These sheep are closely tended to make sure they produce a highly superior product. Over time, tribe members have learned how to make sure the sheep have what they need to create an incredible base for all Beni Ourain rugs they take such pride in making. They make sure that each sheep can grow lovely wool. Once the wool is harvested to make the rugs, it’s one of only a handful of materials used to make the final finished product for homes around the world.

Incredible Elegance

When people find these kinds of rugs to buy, they have the opportunity to buy something that is at once totally modern and yet also brings history and incredible craft to any home. Many rugs of this kind have a very basic pattern yet one that is also sophisticated. This allows the homeowner to bring something in their space that is about avoiding the need for extraneous details and paying homage to something of wonderful quality at the same time. Each rug is one that is made to last and require little care to continue to look fabulous. People today can reach out and find a wide variety of lovely rugs of this kind to make any room stand out with understated color, pattern and texture. … Read More

Getting More Visitors to Your Website

Your website is an important part of your business. That is why getting people to visit your site is an important first step in closing the sale. Once you have your website set up, it is important to apply strategies that will get people on the site and get them interested in what you have to offer.

website visitors

Social Media

One of the most cost-effective ways to get new people to look at your website is through promotion on social media. Social media platforms are free to use and you can find the specific audience you want to target. Social media works best for those who post engaging content, not just advertising content. Once you have an audience engaged, you can persuade them to visit your website to see what your brand is all about.

Add a Blog

A website is a great way to feature your brand, but your brand also needs to have a voice. You can provide that voice by adding a blog to your website. A blog can expand on topics that your brand is involved with or passionate about. Even if you aren’t a professional writer, you can still add great value to a website with a blog. You can hire blog writing services to help you craft posts that will keep visitors interested and entertained.

Targeted Advertising

If you have a marketing budget, a portion of that should be dedicated to online advertising. This type of advertising works much better than traditional advertising in print or on television because you don’t have to speak to a wide, general audience. A target ad online will be able to reach more specific demographics including age, gender, location, income and interests.

With these three strategies, you should be able to grab the attention of your target audience and bring them right to your website.… Read More

Renting the Best Sound Equipment In The Area

the sound equipment

If you are a DJ or work in the music business where you help with live performances, it is possible that you are going to need to rent sound equipment at one time or another. This can be tricky because renting sound equipment can get expensive, so you want to make sure you are renting the best equipment on the market, and there are a few different ways to do this.

Check With Your Local Music Stores

The first thing you can do is check with your local music stores to see if any of them has sound equipment rental packages. Usually, this is one of the best routes you can take because music stores are known for renting out the best sound equipment on the market. However, being that there are so many name brands in regard to sound equipment, it is important that you contact every local music store within your area. Not only will most of them have different name brand equipment, but most of them will have different prices, too.

Contact Local DJs Who May Rent Out Their Equipment

When most people think of a DJ, they think of someone who plays records at dance parties on the weekends and someone who uses sound equipment constantly. Actually, there are many DJs who are solely in business to rent out their sound equipment. You can find these DJs by using your research skills to find and contact all of the local DJs in the area. You might come across some DJs who do not rent out their equipment, but it is estimated that approximately 30{dec7954785218745db1b678d54c7a41e0cd1c37d54341323a6c1b7f3aac7f668} of all DJs rent out their sound equipment. Over the last few years, renting out equipment has become a great way for DJs to raise their income.

Get Hold Of Search Results

The next thing you can do to local sound equipment that you can rent would be to search for companies that exist to solely rent out sound equipment. The best way to do this would be to search the Internet, and you should use a search engine that is common to everyone because this type of search engine will have the best and most up to date results. After searching for these types of companies, gather together several companies that have a high rating on the search engine and excellent online reviews. You can then compare these companies by the type of equipment they have for rent and their pricing.

Conclusion 

If you are renting sound equipment, the chances you have a very special function going on. With that being said, it is important that you do all you can to rent the best equipment available to you. Instead of renting equipment from the first source that appears before you, it would be a good idea for you to take your time and weigh your options. This is especially true since you are going to be paying a decent rate regardless of which route you take, so you should take … Read More

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