Harder for SMEs to get loans as economy slows?
Linus Goh, global head of enterprise banking and financial institutions at OCBC Bank, said: "SMEs today are significantly more regional than they were before. So maybe two-thirds of SMEs derive their business from activities outside of Singapore. Companies that are active in Indonesia, in Malaysia, in China...derive the underlying demand from those markets and so that will account for some of the growth in loans this year." DBS also "expect the economy in 2012 to be challenging". But it sees growth in some areas. "As the economy starts to slow down, the government is likely to accelerate public works to compensate for the slowdown. The outlook for the building construction sector is therefore likely to be better than some other sectors like the manufacturing sector," said DBS Head of Enterprise Banking, Lim Chu Chong.Bad Credit Loans Fr Manufactured Homes - News
With the slowing economy, banks are tightening credit conditions due to concerns that their loans may turn bad. That is why companies like the home-grown interior furnishing firm has its focus on cost reduction and cash flow management.
NEW DELHI: Default on your mobile bill and you may soon become ineligible for a home loan or a car loan. Non-payment of telephone bills will also rule out the possibilities of getting a new credit card or even another mobile number.
But now it is the banks that are needy, relying on governments for funding – capped by the post-2008 bailouts to save them from going bankrupt from their bad private-sector loans and gambles. Yet the banks now browbeat governments – not by having ready
The local banking regulator, APRA (Australian Prudential Regulation Authority), and politicians take credit for the banks being relatively unaffected. This is curious given that banking regulations are largely uniform around the world.
Cummings, who worked after college in rural China for an American pet food company, sees a definite need for small loans in countries where struggling entrepreneurs have too little income for, access to or understanding of regular banking services.
Saving Big Time On Mobile Homes | BHM Financial Group
Mobile or manufactured homes have been creating a buzz in the real estate industry in the past years. A mobile home is truly a revolution in its niche giving real estate investors and buyers a whole new market. Mobile homes are first manufactured in factories and then its parts are transported to the site. It has become a class of its own in the industry and is becoming more and more popular among homeowners. There are now many mobile home loans that have been made available to serve this particular market. If you are a home buyer on the lookout for new and more affordable options other than the conventional or traditional home, then a mobile home is just the thing that you are looking for.
Different people have different reasons why they opt to have mobile homes instead of the conventional homes. If you find that you can relate to any of these, then a mobile home is for you too.
First, people opt to have mobile homes because they are more affordable. For just a small fraction of a regular home’s price, you still get all the comforts and safety that you want most in a home. The monthly mortgage of most mobile homes is even more affordable than paying monthly rents on apartments that you never get to own.
Mobile homes also provide a great and inexpensive alternative as a temporary residence while having an onsite building built at home. A homeowner can avail of a mobile home loan to be able to save up. Instead of renting out or staying at a motel or something while waiting for your home to be built, a mobile home is the best and economical option.
For business minded people, mobile homes provide them with an opportunity for low cost investment with high returns. Businessmen can invest in purchasing mobile homes for rental investment purposes. They can provide low cost apartment or home rentals and still earn significant profits at the same time. There are some real estate businessmen on the other hand that invest on mobile homes with the purpose of refurbishing them and then reselling them at a profit.