Questions you should ask your small business loan broker

It is imperative to mention that the small business owners can leverage from taking loans from the loan brokers. Funding is one of the most predominant problems that are generally faced by the small businesses and thus they are always looking for different sources to arrange for the capital, so taking a 12 month loans can be the best bet for them. When most of the business owners think that they don’t need to take the help of a specialised small business loan broker, the reality is only with the help of a good loan broker you can choose the best-suited loan for your use. But you also have to remember that not all the loan brokers cater the same kind of quality consultation service toothier clients. So before choosing a loan broker, you must ask him a few questions that can help you to know about the loan easily.

Questions to ask a loan broker

In order to know about your loan better, you always should ask your broker a few questions so that there will be no doubt in your mind and you can apply for the same with more confidence.

1. Should I apply to the banks and credit unions?

First, you should ask your broker that to take an open whether you should go to the banks and credit unions or you should visit the private financers. To get the right answer to your query you must first decide what you want to form your loan? If you are looking for a low-interest rate then you must visit the banks and not the private players and on the other hand, if you need the loan faster like within 48 hours time then you must go for the 12-month loans without guarantor as there will be no delaying in processing the loan. Moreover when you want more amounts a moderate Monthly instalment for your loan then you must go for longer-term loans rather than short terms.

2. What will be the total cost of the loan?

In order to curb your cost of taking the loan, you must consider two things first, the interest rate and the annual percentage rate or APR. When you have higher interest rate on the loan then your cost of borrowing will be more and vice versa. So ask your broker about these factors beforehand.

3. Is there any additional cost that I have to pay?

Also asking the broker clearly about any additional costs is also important so that at the time of taking the loan you don’t have to spend more money from your pocket. If there is any commission for the broker then ask him about the same too.

4. Howe many lenders are available for you?

After stating all your requirements and your preference you should ask the loan broker that how many lenders will be available as it can brighten your chances to secure the loan easily.

5. What are the ramifications of the small business loan?

Don’t also forget to ask your loan broker that whether there are any negative ramifications of the loan too that can affect your business’s financial health greatly in future. Like what will happen if you want to foreclose the loan before the repayment period ended or if my credit score will be decreased then how it will affect my APR and so on.

LED Lighting – How to Choose and Buy LED Strip Lights

First of all, you must consider what purpose your LED strip lights are going to serve. Are you looking for high luminosity working lights to your shed or workstation? Or are you looking for decorative lighting behind your bathroom mirror? LED strip lights as working light require a cold and bright light, meaning that the colour temperature should be around or above 7000 Kelvin. Cold and bright lights above 7000 Kelvin will effectively illuminate the desired area and the objects within, increasing your ability to see specific details of the objects, which is why it is preferred as working light. Decorative lighting is the exact opposite. Serving a purpose of making areas and objects appear more visible, while creating a sleek ‘designer’s look’ wherever it is installed. If your LED strip lights should serve a decorative purpose, make sure to keep the colour temperature under 5000 Kelvin. With some LED strip lights, you will have the possibility of dimming the brightness – with these, you should be aware of the maximum voltage load, as these vary from product to product.

How long or wide is the area you wish to illuminate? Get some measuring tape and find out to begin with. When purchasing your LED strip lights, be aware that it might not be possible to have your specific length delivered – you may have to round down. Every LED strip light has cutting points, where you can cut and adjust the length. The most common intervals of these cutting points are 2.5cm, 5cm and 10cm. Some products have cutting points per diode, meaning there is a cutting point after every second, third or fourth diode. If you purchase LED strip lights with cutting point intervals of 5cm, but your kitchen cabinet measures 58cm, you would have to round down to 55cm.

Price and quality goes hand in hand, and when you are buying LED strip lights, the cheapest product will be of the poorest quality on several parameters. High-quality LED strip lights can be up to 20 % more energy efficient than strips of poor quality. High quality strips will also have an up to 25 % longer lifespan than strips of poor quality. This means that spending a more money on LED strip lights of high quality will actually save you money in the long run – both in terms of wattage consumption and lifespan. LED strip lights of poor quality will also be more vulnerable in rough environments, where shocks, dust and moisture can easily ruin the entire strip.

Trouble in download transactions into QuickBooks 2017

QuickBooks performs it smoother for users to trade with their companies and businesses in a well-planned process, at any time and from anywhere. Users can surely keep a report of some their sales transactions, tax acquisitions, Exchanges, Values, etc.

It encourages users to record their features of projects at a single program. It might appear that while applying QuickBooks, the user may locate it a little complex to work or they can discover few errors which can grow a barrier for them. It has 24×7 working, QuickBooks Support Phone Number for its users to resolve their software issues and queries.

There is a very good feature in QuickBooks of downloading transactions from their financial institution. For downloading transactions, we have to connect our QuickBooks to our bank with one user id and password.

There are two ways to download transactions:-

!) Web connect – In this method, we download our bank information/transactions from bank’s website in QBO format and import it into QuickBooks

2) Direct connect: – In this method, main banks are listed in QuickBooks. User just has to enter his/her bank user id and password to download transactions into QuickBooks by linking their account.

Setup in QuickBooks

Make sure QuickBooks release should be updated, and log in with Admin user id and password.
Check all permission of that user
Check data range of download transactions because some banks provide last 90 days transactions to download.
UAC should be turned on of your system.
Only one QuickBooks data file should be open.
Network connection should be established while connect QuickBooks with your bank, It may be caused by a damaged QuickBooks.
Refresh before troubleshooting:-

Back up your Company file on your external hard drive.
Run Reboot.bat file from program data folder.
Restart your computer and try to connect again.
Note: If nothing works, you can directly call QuickBooks helpline number to fix your software error.

Troubleshooting Steps:-

When you get an error ‘QuickBooks already open’.

Close your QuickBooks all down and open it again

Close QuickBooks completely.
Shutdown all QuickBooks related processes from task manager.
Close QuickBooks from quick startup as well.
Restart your PC and open QuickBooks again, then try to connect with your bank.
Note- For any more problems or unable to get any step please call our technician at QuickBooks Helpline Number to fix.