What Does A Business Usually Need To Secure A Bank Loan To Fund Its Operations

Experienced business people understand that money can often ebb and flow in a business. Market conditions, late payments and equipment breakdowns can throw your budget off-kilter at the spur of a moment. The best way to handle these financial upsets is to look at them squarely. Then, just put on your big boy/big girl pants and arrange a business loan to tide you over to more lucrative times.

Borrowing Is Not Always A Bad Thing

Being a business owner means you must begin to think about money in a different way. You must internalize the old adage, “It takes money to make money.” Much of the work you will do from day to day is to figure out how to make money from the initial investment you have made in your business. You must also understand that sometimes the progress in making money is not linear. As in life, sometimes you’re the windshield, and sometimes you’re the bug has new meaning. You must learn to bob and weave with changing conditions. This ability means you should be willing to borrow money over the short term, in order to achieve longer-term goals.

Slow Payment From Customers

Business owners often have to weather periods of slow payment from customers. Sometimes, the late payment is part of the customer’s policy. At other times, bad economic conditions can cause late payments across the board. These delays in payment can have a negative effect on your ability to conduct your business efficiently. A business loan can provide a cushion until your money arrives.

Increased Payroll Costs

Maybe your company has experienced a big bump in orders that require your staff to work additional hours. Overtime costs can take a big bite out of your working capital. If you need to cover your payroll when money is short, a business loan will cover your immediate costs.

Money To Take Advantage of New Opportunities

Sometimes, fresh capital is needed in order to take advantage of opportunities that come your way. Maybe you’ve been referred to a big customer by one of your current clients. Maybe you have a chance at recurring orders, but need more equipment or personnel to do the job. Business loans can help you to expand your business quickly when these situations arise.

Although incurring too much debt can be detrimental for your business, knowing when to take out a business loan can help to maintain your company’s stability and help increase your sales. Give your current needs a bit of thought and take the plunge. Business loans are easier to acquire than ever and can help you make the most of your opportunities.
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How Can I Get The Most Affordable and Great Hearing Aid For Me

Hearing loss affects one out of every five Americans, and it can lead to frustration, social isolation and difficulties at school or on the job. Although hearing aids can markedly increase the quality of life of someone experiencing hearing loss, these devices can cost thousands of dollars. Find out about some of the resources available so that cost does not prohibit you from getting the hearing devices that can help you regain your life.

1. Private Health Insurance

Depending on your employer and your specific benefits, your private insurer may cover part or all of the cost of hearing aids. You might receive partial reimbursement for the total cost or receive a discount if you purchase your devices through a contracted provider. Contact your specific company to ask about what you can receive through your benefits package in your state.

2. Other Insurance Benefits

If you are a government employee, you might be eligible for assistance with hearing aids through the Federal Employee Health Benefit Program through Blue Cross Blue Shield. They will cover a maximum of $2500 for hearing aids every three years.

Medicaid is an income-based, government-sponsored program whose benefits vary greatly according to the state in which you reside. Contact your state’s Medicaid program, your audiologist or the national Medicaid hotline with specific questions regarding your eligibility.

Medicare is a federal health care program for senior citizens and people with disabilities. In most cases, Medicare does not cover any of the cost of hearing devices. However, many people supplement their coverage by paying an additional premium with a so-called Medicare Advantage provider. Some of these do help with the cost of audiological devices, so be sure to check with your provider if you have one.

3. The Department of Veterans Affairs

The VA is the largest provider of hearing aids in the U.S. They will cover the cost of hearing aids if you have a service-connected disability; were a prisoner of war; received a Purple Heart; are housebound or need care from aids/attendants; have hearing loss related to a disease or condition for which you are being treated at a VA facility; if your hearing loss is so severe that it affects your daily life or medical treatment. Check with a VA representative in your area to see if you are eligible.

4. Charities and Other Options

In addition to governmental benefits and private insurance, there are numerous non-profit and charitable organizations who provide free or affordable hearing devices. The list is long, and new players frequently enter the market, so be sure to check with your audiologist for local options. Some of the major providers include the following:

  • AUDIENT program (through the Northwest Lions Foundation for Sight and Hearing; 1-866-956-5400)
  • Starkey Foundation Hear Now program (1-800-328-8602)
  • Easter Seals (check your local listings for an office near you)
  • Travelers Protective Association of America Scholarship Trust for the Hearing Impaired (needs-based assistance for hearing devices)
  • Assistive technology loans through RESNA Alternative Financing and Telework Technical Assistance Project (AFTAP)
  • CareCredit (financing that you sign up for similar to a credit card that is used for services including health care, hearing devices and even veterinary medicine. There are no annual costs, up front fees or pre-payment penalties. Monthly payment options are available.)

If you or someone you love is experiencing hearing loss, don’t be discouraged by the high cost of hearing devices. A wide variety of resources are available that can make it much easier to get the life-changing hearing aids you need.
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