Smyrna beach alliance – New Smyrna Beach Weather http://www.newsmyrnabeachweather.com/ Tue, 20 Sep 2022 18:39:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://www.newsmyrnabeachweather.com/wp-content/uploads/2021/07/default.png Smyrna beach alliance – New Smyrna Beach Weather http://www.newsmyrnabeachweather.com/ 32 32 South End Capital offers merchant cash advance holders a better option http://www.newsmyrnabeachweather.com/south-end-capital-offers-merchant-cash-advance-holders-a-better-option/ Tue, 20 Sep 2022 18:39:00 +0000 http://www.newsmyrnabeachweather.com/south-end-capital-offers-merchant-cash-advance-holders-a-better-option/ Merchant Cash Advance holders can access 10-year financing starting at Prime + 4.5% $2.3 billion on-balance sheet lender answers the call of small business owners burdened with onerous daily and weekly payment advances Our program is not a gimmick, but a 10-year, low-rate monthly loan that as a $2.3 billion regulated bank we are able […]]]>

Merchant Cash Advance holders can access 10-year financing starting at Prime + 4.5%

$2.3 billion on-balance sheet lender answers the call of small business owners burdened with onerous daily and weekly payment advances

Our program is not a gimmick, but a 10-year, low-rate monthly loan that as a $2.3 billion regulated bank we are able to offer eligible business owners for help them to properly size their path.

— Noah Grayson, President of South End Capital

ST. CLOUD, MINNESOTA, USA, September 20, 2022 /EINPresswire.com/ — South End Capital, a division of Stearns Bank NA, a national commercial lender and finance platform for businesses, real estate and technology equipment, has come to the rescue of small business owners seeking an economical solution alternative to expensive merchant cash advances. In addition to affordability, the ease of the South End scheme is what makes it appealing, as often no tax returns, material or financial collateral is required and funding can be provided through a streamlined application process in just a few hours.

Drawing on decades of experience as a nationwide business lender, South End Capital is actively funding a loan program that enables eligible business owners with existing merchant cash advances to access affordable working capital. “Many merchants holding cash advances are locked out of affordable financing, can only get other business advances, or are relegated to debt negotiation products that can make a business worse off,” Noah said. Grayson, chairman of South End Capital. “Our program is not a gimmick, but a low-rate, 10-year monthly repayment loan that as a $2.3 billion regulated bank we are able to offer eligible business owners. to help them find the right path to growth.”

Not everyone will qualify for a simplified business loan from South End Capital, but their program is designed with simplicity and speed in mind. Additionally, although funds are provided as working capital, merchants must have a history of on-time payment for existing debt and the funding amount cannot exceed $25,000.

Interested borrowers can complete a rapid financing application form, and if eligible, will receive a link to a short application that can be completed and signed electronically. From there, only a few remaining items are collected and assessed before approval and funding. The following parameters describe South End Capital’s working capital program:

– Most companies considered
– 725+ minimum business owner credit
– 4+ years minimum time in business
– Rates start at Prime + 4.5%
– Monthly loan repayment
Loan terms fully amortized over 10 years
– No prepayment penalty
– Funding in hours

South End Capital offers merchants with cash advances other loan products up to $5 million, where businesses have been in business for more than 2 years and the business owner’s credit is 650+ , but additional documents and guarantees will be required.

To see if you are eligible for affordable and fast working capital financing, you are invited to contact South End Capital directly at southend@stearnsbank.com or visit https://southendcapital.com. Additionally, South End Capital welcome partners of all kinds and offers competitive compensation, co-branded webpage and referral link, 24/7 lead tracking, automated status updates, marketing resources, API integration and private label options for high volume relationships.

ABOUT THE SOUTH CAPITAL

Founded in 2009 as a nationwide non-compliant commercial lender, South End Capital became a division of Stearns Bank NA, a $2.3 billion financial institution, in June 2021. Our innovative on-balance sheet and our comprehensive market financing offer a full range of capital solutions for emerging and expanding businesses. South End Capital’s best-in-class technology platform and customer support provides equal access to state-of-the-art conventional and alternative equipment, real estate and business financing.

South End Capital a division of Stearns Bank, NA
Equal Housing Lender
FDIC member

Noah Grayson
Southern capital
+1 320-202-6106
write to us here
Visit us on social media:
Facebook
Twitter
LinkedIn

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3 Perfect Stocks for Retirees That Can Turn $300,000 into $1 Million by 2030 http://www.newsmyrnabeachweather.com/3-perfect-stocks-for-retirees-that-can-turn-300000-into-1-million-by-2030/ Sun, 18 Sep 2022 09:06:00 +0000 http://www.newsmyrnabeachweather.com/3-perfect-stocks-for-retirees-that-can-turn-300000-into-1-million-by-2030/ It’s been a memorable year, but in all the wrong ways. The S&P500, which is often considered the best barometer of stock market health, posted its worst first-half performance since Richard Nixon was president. To start, the dependent technology Nasdaq Compoundwhich has been largely responsible for driving the market to new highs over the past […]]]>

It’s been a memorable year, but in all the wrong ways. The S&P500, which is often considered the best barometer of stock market health, posted its worst first-half performance since Richard Nixon was president. To start, the dependent technology Nasdaq Compoundwhich has been largely responsible for driving the market to new highs over the past year, has plunged firmly into a bear market.

While times of heightened volatility and uncertainty are disconcerting for all walks of life, it can be a particularly trying time for retirees. People who have permanently hung up their work coats may not be able to sustain significant declines in their primary investment.

Image source: Getty Images.

But there is a silver lining amidst this turmoil for retirees. Bear markets have a rich history of rolling out the red carpet for patient investors, young and old. Every double-digit percentage decline in major US indexes in history has finally been erased by a bull market rally. In other words, every bear market is a real buying opportunity.

Best of all, retirees don’t have to seek out highly volatile growth stocks to generate meaningful returns. A number of rock-solid, reasonably low-volatility companies are ripe for choice by older investors right now. Here are three perfect stocks for retirees that can turn $300,000 into $1 million by 2030.

Enterprise Product Partners

The ideal first stock for retirees to buy and likely to generate a total return of at least 233%, including dividends paid, by 2030 is energy stock. Enterprise Product Partners (EPD -1.71%).

Admittedly, the idea of ​​investing in an oil stock might not seem acceptable to retirees. Demand for oil and natural gas fell off a cliff during the early stages of the pandemic, causing West Texas Intermediate crude oil futures (very briefly) to drop to negative $40/barrel. Such historic volatility is likely still fresh in the minds of retired investors.

However, Enterprise Products Partners is a completely different beast and has been largely unaffected (on an operational basis) by the pandemic. This is because it is an intermediate energy company. Midstream suppliers are actually energy intermediaries that help crude oil and natural gas get from drilling grounds to storage reservoirs or processing plants. In the case of Enterprise Product Partners, it owns more than 50,000 miles of transmission pipeline, 14 billion cubic feet of natural gas storage space, 19 deepwater docks and 24 natural gas processing facilities.

The beauty of midstream energy companies is that virtually all use flat-rate or volume-based contracts. Structuring contracts in this manner eliminates the volatility associated with fluctuations in oil and natural gas prices and makes Enterprise Products’ operating cash flows highly predictable. This cash flow predictability is important because it allows the company to disburse capital for infrastructure projects and acquisitions without hurting its quarterly distribution (i.e. dividend) or profitability. .

Additionally, Enterprise Products Partners’ payout coverage ratio (DCR) never dipped below 1.6 during the worst of the COVID-19 pandemic. DCR is the amount of distributable cash flow from operations relative to what was actually paid out to shareholders. A number of 1 or less would signal an unsustainable payout.

The icing on the cake? The company has increased its base annual distribution in each of the past 24 years and is currently looking at a fully sustainable yield of 7.1%.

Alphabet

A perfect second stock for retirees to buy that can turn an initial $300,000 investment into $1 million in eight years is FAANG stock. Alphabet (GOOGL -0.11%) (GOOG -0.26%)the parent company of internet search engine Google, streaming platform YouTube and self-driving vehicle company Waymo, among others.

Alphabet is a great example for retirees that dividends aren’t necessary to grow your nest egg. While dividend-paying stocks are generally mature, proven companies with generally low volatility, retirees can get low volatility and dramatically juicier growth prospects from a company like Alphabet.

Alphabet’s long-standing foundation has been its Internet search engine, Google. Looking back several years, data from GlobalStats shows that Google controls between 91% and 93% of the Internet search share worldwide. With an 88 percentage point lead over its nearest competitor, Google has become a real monopoly and is therefore able to wield strong pricing power when serving ads. This competitive advantage (i.e. the cash cow operating segment) is not going any time soon anyway.

But what’s been really exciting is seeing Alphabet put its incredible cash flow from Google to work in other fast-growing areas. For example, YouTube has become the second most visited social media site on the planet, with 2.48 billion monthly active users. With so many eyeballs watching videos, YouTube has seen solid subscription growth and generates nearly $30 billion in annual ad revenue.

Alphabet’s investments in Google Cloud should also start paying off sooner rather than later. Although we are still in the very early stages of cloud services growth, Google Cloud has captured 8% of global cloud spending, according to a second quarter report from Canalys. Although a loss-making segment at the moment, the high margins associated with cloud services should play a role in helping Alphabet double its operating cash flow over the next four years.

In case those competitive advantages aren’t enough, consider that Alphabet is cheaper now than it ever was as a publicly traded company – a year-ahead price-earnings multiple of less than 18. Rarely can investors find such a high quality company with a reasonably low earnings multiple.

A smiling person holding a credit card in her left hand while looking at an open laptop on the table in front of her.

Image source: Getty Images.

Visa

The third perfect stock for retirees that can turn an initial investment of $300,000 into $1 million by 2030 is payment processor Visa (V -1.06%).

Wall Street’s big concern right now with payment processors is how they’re going to perform with inflation hitting four-decade highs and US gross domestic product (GDP) falling in consecutive quarters. Because financial stocks like Visa are cyclical, they are prone to weakness during contractions and recessions.

However, the business cycle is a two-sided coin that largely favors optimists. Although recessions are inevitable, they tend to last no more than two quarters. By comparison, virtually every economic expansion has been measured in years. A bet on Visa is simply a bet that US and global GDP, and therefore consumer and business spending, will grow over time (which is a virtual guarantee).

In addition to playing a numbers game to their advantage, retirees will also appreciate Visa’s leading role in the United States, the world’s largest consumer market. In 2020, Visa held a 54% share of credit card network purchase volume and was the only major payment processor to significantly increase its share of credit card network purchase volume after the Great Recession.

To add to the above, this is a company with many opportunities beyond the borders of the United States. Since most global transactions are still conducted in cash, Visa may choose to organically expand its payments infrastructure into underbanked regions of the world, or make acquisitions. to expand its presence, as it did with the acquisition of Visa Europe in 2016.

But the real secret to Visa’s success may well be the financial discipline of management. Visa acts strictly as a payment processor and does not lend. While he could very easily generate interest income and fees as a lender, this would expose him to potential loan losses during recessions and force him to set aside capital to cover said loan losses. . Since Visa does not lend, it is not required to take these protective measures and therefore rebounds much faster from recessions than other financial stocks.

Finally, keep in mind that while Visa’s 0.75% dividend yield isn’t very attractive on a nominal basis, the company has increased its quarterly payout by more than 1,300% since its payout. first quarterly dividend in 2008.

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More Customers Win Cash Prizes in Stanbic IBTC Reward4Saving Promotion Season 2 http://www.newsmyrnabeachweather.com/more-customers-win-cash-prizes-in-stanbic-ibtc-reward4saving-promotion-season-2/ Sat, 17 Sep 2022 16:32:13 +0000 http://www.newsmyrnabeachweather.com/more-customers-win-cash-prizes-in-stanbic-ibtc-reward4saving-promotion-season-2/ By Dipo Olowookere A global finance and investment analysis firm, Moody’s Investor Service, has predicted that bank customers, particularly in Nigeria, South Africa and Kenya, will find it difficult to meet their loan obligations due to rising inflation in these three largest African economies. In a report released Wednesday titled Banks–Africa: Rising inflation will weigh […]]]>

By Dipo Olowookere

A global finance and investment analysis firm, Moody’s Investor Service, has predicted that bank customers, particularly in Nigeria, South Africa and Kenya, will find it difficult to meet their loan obligations due to rising inflation in these three largest African economies.

In a report released Wednesday titled Banks–Africa: Rising inflation will weigh on the profitability of African banks, the rating agency postulated that customers who took out loans from banks will first consider survival before thinking about repayment, which, in turn, will affect lenders’ profitability.

He expressed concern about the impact that the rising cost of living and inflation will have on the economies of the three countries under consideration.

“We expect banks’ exposure to sectors most vulnerable to inflation, such as households, to be a key factor impacting their provisioning costs.

“Higher inflation will decrease borrowers’ ability to repay as income will be needed to meet other competing and rising costs,” part of the report said.

“Higher interest rates will also increase the debt burden of borrowers by increasing nominal repayments. We expect inflation and high interest rates to increase provisioning needs across all systems,” he added.

In addition, Moody’s noted that “in general, we expect banks with the most exposure to domestic borrowers to face the highest loan loss provisioning charges.

“While inflation will reduce the real value of outstanding debt, household incomes may not rise fast enough to meet rising repayment costs.”

However, the company expects Nigeria’s gross domestic product (GDP) to grow by 4.0% next year, while South Africa is expected to grow by 1.5%, with Kenya expected to reach 5.3%.

To deal with high inflation, Moody’s said central banks would continue to raise interest rates, just as the Central Bank of Nigeria (CBN) did at the last two Monetary Policy Committee meetings. (MPC), where it first increased it from 11.5% to 13.0% and then to 14.0%.

“Some central banks could tighten monetary policy further to control inflation and prevent local currency depreciation, especially as interest rates in the United States rise, drawing capital away from riskier African economies.

“In Nigeria, competition for longer-maturity deposits to meet Basel III2 liquidity requirements has led to the growth of price-sensitive term deposit products, which will gradually increase funding costs and moderate the expansion of margins as these deposits are rolled over at higher rates,” the company said.

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Why shares of Affirm, SoFi and Upstart are falling today http://www.newsmyrnabeachweather.com/why-shares-of-affirm-sofi-and-upstart-are-falling-today/ Tue, 13 Sep 2022 16:27:55 +0000 http://www.newsmyrnabeachweather.com/why-shares-of-affirm-sofi-and-upstart-are-falling-today/ What happened Shares of several popular tech stocks fell today after new inflation data showed that inflation may not have fallen as quickly as investors thought in August. The Nasdaq Compound had fallen more than 4% at the time of this writing. Shares of Buy Now, Pay Later (BNPL) To affirm (AFRM -8.55%) was trading […]]]>

What happened

Shares of several popular tech stocks fell today after new inflation data showed that inflation may not have fallen as quickly as investors thought in August. The Nasdaq Compound had fallen more than 4% at the time of this writing.

Shares of Buy Now, Pay Later (BNPL) To affirm (AFRM -8.55%) was trading down more than 9% at 11:32 a.m. ET today. Digital banking actions SoFi (SOFI -7.46%) was trading down 7%, and shares of the artificial intelligence lender Reached (UPST -8.71%) also fell by more than 9%.

So what

Earlier this morning, the US Bureau of Labor Statistics (BLS) released the latest August data for the Consumer Price Index (CPI), which tracks the prices of a basket of everyday consumer goods and of price. Investors use the CPI as a way to gauge inflation.

Image source: Getty Images.

In August, the CPI rose 0.1% from July and rose 8.3% year-on-year. Economists forecast the CPI to fall 0.1% from July and an 8% increase year-on-year.

The higher-than-expected report comes despite energy prices falling 5% in August. In energy, gasoline prices fell 10.6%. But other prices have remained high – and in some cases have risen. Medical care services rose 0.8% from July, the largest monthly increase in six months. House prices also rose 0.7% in August, also representing the category’s largest monthly increase since February, mainly due to high rental prices.

“Today’s CPI reading is a stark reminder of the long road we have until inflation comes back to earth,” said Mike Loewengart of by Morgan Stanley Global Investment Office, according to CNBC. “The optimistic expectations that we are on a downward trajectory and that the Fed will lay off the gas may have been a bit premature.”

The CPI report essentially confirms that the Federal Reserve will likely raise interest rates by 0.75% at its next meeting later this month. It would be the third consecutive such decision by the Fed.

Rising interest rates have really hurt tech stocks this year as they make the cost of doing business more expensive and the cost of debt higher. They could ultimately lead to slower growth and lower profitability, which would ultimately decrease the value of future cash flows.

For high-flying tech stocks like Affirm, SoFi and Upstart that were trading at astronomical valuations last year, there was very little room for error, so once it became clear the Fed would be aggressively raising rates, these stocks also sold off intensely.

The higher rates have also been a headache for Upstart in terms of funding loan growth. Investors have been less willing to fund and purchase Upstart’s loans due to a higher cost of funding and a more uncertain economic outlook. Affirm has also seen its loan loss rates rise this year as stimulus programs have ended and rates have risen.

Now what

The possibility of inflation lasting longer and rates continuing to climb longer is the exact opposite of what tech investors were hoping to glean from the CPI report today.

For now, I continue to avoid Upstart and Affirm as rising rates may continue to wreak havoc on their business models.

They will also impact SoFi, but likely to a lesser extent, as the digital bank lends to a higher quality lending base that should be more resilient in a deeper downturn. Additionally, as a bank, SoFi should enjoy higher rates because it can charge more interest on loans and has more stable sources of funding to support loan growth.

Bram Berkowitz has no position in the stocks mentioned. The Motley Fool holds positions and recommends Affirm Holdings, Inc. and Upstart Holdings, Inc. The Motley Fool has a Disclosure Policy.

]]> Building the Optimal Selling Machine for Your Service Business  http://www.newsmyrnabeachweather.com/building-the-optimal-selling-machine-for-your-service-business-%ef%bf%bc/ Sun, 11 Sep 2022 19:20:31 +0000 http://www.newsmyrnabeachweather.com/building-the-optimal-selling-machine-for-your-service-business-%ef%bf%bc/ Revenue generation is the foundation of any successful business. Without a steady increase in sales, most organizations end up experiencing some level of cash flow issues and may run out of funds needed to fuel long-term growth projects and goals. The strongest IT services companies fund most, if not all, of their expansion efforts with […]]]>

Revenue generation is the foundation of any successful business. Without a steady increase in sales, most organizations end up experiencing some level of cash flow issues and may run out of funds needed to fuel long-term growth projects and goals. The strongest IT services companies fund most, if not all, of their expansion efforts with their own money and avoid banks whenever possible.

The best way to ensure your business can support itself (critical hiring, buying new tools, and increasing marketing budgets) is to build an optimal sales machine. MSP companies that can continually generate larger revenue streams and higher profits are more likely to have the cash to pay for these activities. While every IT business can benefit from less reliance on loans and lines of credit, allowing the business to reinvest more of its own revenue, steadily increasing sales eliminate most, if not all, of uncertainty.

Achieving this goal is not a simple task. However, by developing a solid plan and hiring the right people to execute those strategies, MSPs can increase revenue, cash flow, and profitability. These activities help suppliers forge closer business relationships and generate even more business opportunities. Setting high goals for your IT services business and outlining the steps needed to achieve those goals will greatly improve your success.

The ideal starting point is the sales process. What can MSPs do to increase close rates and maximize revenue and profit from each new deal?

Refine machine

To an outsider, sales may seem like a simple process. However, those with experience in cold calling, negotiating, developing designs, and purchasing products and services understand the complexity of these activities. It takes years for most salespeople to develop quality business relationships and learn how to communicate complex and detailed information effectively. Patience is a mission requirement, and the best professionals know how to match benefits and features with the needs and wants of their potential clients.

This job is never easy and it is getting harder and harder to find people who have the knack for success and the ability to do it right. Identifying and hiring people who can simultaneously manage negotiations with many decision makers across multiple accounts while developing winning proposals is more of a mission than a task. Few people can juggle it all without missing an important step or detail, whether it’s handling calls, messaging prospects, or gathering critical information.

Most companies train to hone these skills and refine all related processes, and checks and balances, over time. To maintain a high level of proficiency, MSPs can adopt industry best practices and policies and implement tools that help optimize performance. Building and sustaining high-performing sales teams requires high-level executive support and ongoing investments in programs, playbooks, and other resources to enhance talent and increase win rates.

The quote process is a perfect example. Most MSPs rely on a large vendor community to locate the best available products and pricing, including strategic vendors, IT distributors, and a growing list of online marketplaces. Creating proposals for large and complex systems and projects can require IT companies to source components from around the world with numerous delivery, warranty and support options. Sorting through this mountain of information to craft a high-potential proposal in a timely manner can be a daunting task, even for experienced IT sales professionals.

Managers’ expectations and potential bonuses also generate anxiety. Sales teams need structure and support throughout the quote process, from the initial conversation with key decision makers to the final proposal, to increase their chances of closing the deal.

Optimize and energize

Adopting (and closely following) commonly accepted best practices and implementing professional services automation (PSA) platforms and industry-specific quoting solutions elevates the proposal process. These proven techniques and technologies help improve the accuracy, relevance and profitability of every quote.

Every IT services company can cost-effectively strengthen and streamline the proposal process. Focusing on these five areas will allow your business to generate more revenue and profit while providing quality solutions for every business:

1Quick response

How quick and attentive is your team when time is running out for a potential sale? Businesses today want real-time pricing and availability and can quickly turn to competitors when those needs aren’t met. Streamlining and automating the quoting process helps MSPs achieve these goals.

2Act with precision

Good sales professionals conscientiously respond to customer requests and requirements. While supply chain issues can get in the way of these goals, persistence usually pays off.

3Automate

Delivering winning quotes is easier when sales teams can manage and track pricing, availability, and communications. PSAs and quoting systems allow IT sales teams to simplify these processes, easily store and share information, and deliver more successful proposals.

4Create upgrade options

The “soft sell” approach with quotes makes it possible to influence technical and non-IT decision-makers. Some sales teams include “good, better, best” packages or recommended “add-ons” to improve customer experience or improve productivity. These upgrades may consist of add-on products (i.e. printers, phones, wireless extenders), faster processors, or more services.

5Registration

The value of follow-up calls and visits is underestimated, and feedback on implementations and support can create new opportunities for IT services companies. Whether it’s clarifying questions, tweaking solutions, or selling other products and services, follow-up discussions are key to converting short-term prospects into long-term customers.

Simplified sales

Every MSP can create extremely successful quotes. From tools and best practices for obtaining and sharing information to automated back-end processes, these resources are readily available at little or no cost.

Sales and procurement solutions like QuoteWerks are a great place to start. Through integration with leading managed services and accounting tools, these systems make it easy to create efficient and cost-effective quotes in no time.

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10 worst US airports for flight cancellations and delays – Forbes Advisor http://www.newsmyrnabeachweather.com/10-worst-us-airports-for-flight-cancellations-and-delays-forbes-advisor/ Thu, 08 Sep 2022 19:04:58 +0000 http://www.newsmyrnabeachweather.com/10-worst-us-airports-for-flight-cancellations-and-delays-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Summer travel in the United States has been a nightmare for both domestic and international travelers. American travelers should prepare for the challenges of late summer, the recent increased travel during Labor […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Summer travel in the United States has been a nightmare for both domestic and international travelers.

American travelers should prepare for the challenges of late summer, the recent increased travel during Labor Day at intense summer thunderstorms becoming more frequent.

If you are traveling soon, it is useful to check the situation of your departure airport or the chosen airline in terms of cancellations. Forbes Advisor compiled data from FlightAware and found that more than 150 flights had been canceled at the top 10 airports for cancellations as of midday Thursday.

Compare and buy travel insurance

US airports with the most cancellations this week

Flight cancellations are the worst-case scenario for travelers, and they often happen across the country.

An analysis of FlightAware data reveals that 6.89% of flights have been canceled at Austin-Bergstrom International so far this week. At Bob Hope Airport in Burbank, California, 2.69% of flights were canceled.

Here’s a list of US airports with the most flight cancellations so far this week.

Top airlines with the most cancellations this week

Some airlines are more prone to cancellations than others, which may influence the carrier you choose for your trip. In some cases, it may be worth spending a little extra money on a ticket with an airline other than your usual choice, depending on its recent performance.

Here are the major airlines with the most cancellations as of Thursday:

How to get travel insurance that helps with flight cancellations and delays

If you are considering getting a travel insurance policy for your next trip, choose one that helps you with flight cancellations and delays.

Trip cancellation insurance can reimburse money you lose in non-refundable travel expenses for specific reasons stated in the policy, such as mechanical breakdowns, extreme weather conditions and airport security issues. Keep in mind that all the chaos that has been happening during travel lately will not fall under these reasons.

Travel insurance policies sometimes include trip delay insurance, which will cover costs while you wait for your changed flight. It can reimburse you for accommodation, meals and transportation costs that you may incur while you are late.

Some travel credit cards offer the benefit of travel protection, making them an invaluable tool for booking your plane ticket. These benefits are usually not as comprehensive as travel insurance policies, but they can cover travel delays, baggage delays, and lost baggage delays. The amount covered varies by credit card, so check your benefits.

Tips for dealing with flight delays and cancellations

Flight cancellations and delays are an unpleasant experience for all parties involved. Not only are travel disrupted, but airline workers are tasked with managing the heightened emotions of dissatisfied customers as they work out the puzzle of rerouting or rebooking an itinerary.

These tips can help you manage flight cancellations and make the most of a frustrating situation:

Defend yourself. While it’s always helpful to speak with an airline representative in person at the airport, try time-saving strategies like logging into the airline’s app while waiting in line to get assistance at the airport and finding alternative flights that fit your schedule. That way, you can come up with a plan that works for you, rather than impulsively accepting whatever the airline agent offers you.

Know your rights. As a passenger and paying customer, you have rights when your trip is delayed or cancelled. Some airlines are required to rebook you on the next available flight, and some may even allow you to travel on a partner airline instead, which opens up your rebooking options.

If your flight is canceled due to something within the airline’s control, you may be eligible for meal vouchers or an overnight stay (remember, bad weather would not be included here!). If you are flying within the European Union, you have more comprehensive rights, including cash compensation up to 600 Euros when flights are canceled or significantly delayed for reasons beyond the airline’s control. Any airline that flies within the EU is bound by this law, including US-based airlines.

Be smart with checked baggage. Checked baggage is a source of pain in travel these days, with horror story bags appearing a few days after weddings, arriving destroyed or completely lost. If you booked your plane ticket with a credit card, check your benefits guide to see if you have coverage for lost or delayed baggage. It can cover the cost of essential purchases, like toiletries or a change of clothes, until your bag shows up. If you are traveling internationally and your baggage is lost, you may be entitled to a refund.

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Better Buy: Olo vs. Toast http://www.newsmyrnabeachweather.com/better-buy-olo-vs-toast/ Tue, 06 Sep 2022 15:15:00 +0000 http://www.newsmyrnabeachweather.com/better-buy-olo-vs-toast/ The initial public offering (IPO) class of 2021 has had a tough time in the markets. Shares of many 2021 IPOs are down more than 40%, 50% or even 60% from the prices at which they went public. Olo (OLO 0.92%) and Toast (TOST -0.16%) are no exception, dropping 74% and 67% respectively since their […]]]>

The initial public offering (IPO) class of 2021 has had a tough time in the markets. Shares of many 2021 IPOs are down more than 40%, 50% or even 60% from the prices at which they went public. Olo (OLO 0.92%) and Toast (TOST -0.16%) are no exception, dropping 74% and 67% respectively since their IPO dates.

That said, both are thriving in the restaurant software industry. Toast and Olo are rivals in this area, with Olo providing back-end software tools to optimize digital ordering and Toast covering all of a restaurant’s digital applications, from point-of-sale services to payroll. So which one seems to be the best buy for investors looking to get into this industry? Let’s find out.

The case of Olo

Olo focuses on a specific problem for restaurants: digital ordering. Many restaurants lack the technology infrastructure to scale digital ordering operations, which could leave a bad taste in customers’ mouths. Olo simplifies this and also provides digital solutions for any ordering method, from drive-thru to delivery.

The company has seen impressive adoption, with 600 brands and 82,000 locations using Olo’s tools. The growth of the company’s turnover is also not a challenge. Olo has a compound annual revenue growth rate (CAGR) of 67% from 2018 to 2021, and a CAGR of 31% over the same period.

One of the possible reasons why Olo has been so successful is its unique sales strategy. It targets businesses and sells its services at the corporate level. Once it’s integrated into the head office, the other sites follow suit (at little or no cost to Olo). This strategy has resulted in relatively low sales expenses: in the second quarter of 2022, only 20% of Olo’s revenues were devoted to marketing, much less than the 38% devoted to research and development.

Olo’s marketing spend is low, but not enough to achieve profitability. Over the past 12 months, the company has lost over $36 million, representing a loss margin of 22%. Olo is also showing negative free cash flow: the company’s cash burn over the past 12 months was $6.8 million. That said, its balance sheet has nearly $387 million in cash. This should allow Olo to burn some cash for a while before it becomes a problem.

With strong growth and rapid adoption, Olo’s unique selling model seems to be paying off. Additionally, the company’s multi-channel offering could allow restaurant chains to rapidly increase their use of Olo’s services, suggesting that the company could grow across new and existing chains.

That said, Toast has a similar offering, and the company’s broader product suite might be a reason for Toast to overtake Olo.

The case of Toast

While Olo primarily focuses on ordering food, Toast’s toolkit is much more comprehensive. Not only does Toast provide point-of-sale products, but it basically offers everything a restaurant might need, from payroll services to equity loans to online ordering. This gives the business two advantages: there is more room for a restaurant to expand its use of Toast, and it creates high switching costs.

That said, Toast still has a smaller scale than Olo in terms of total locations, with 68,000 in Q2 2022. However, these restaurants rely more on Toast – it generated $675 million in revenue in Q2, a jump by 58% per year – on-year. This is significantly more than the $45.6 million generated by Olo during the same period.

Like Olo, Toast is not profitable. The company posted a gross margin of just 16%, down since its IPO. As a result, Toast lost $54 million and burned $30 million in free cash flow in the second quarter.

The best buy?

Although it has grown more slowly than its counterpart and is much smaller in terms of revenue, Olo seems to be the best buy today. The company is a leader in terms of scale and its very effective sales strategy seems to allow it to maintain its first place. Additionally, while both companies are not profitable, Olo seems to have more leeway, giving it more time before it becomes profitable.

And that’s leaving aside the evaluation. Although Toast is cheaper based on the price to sales ratio, the price to gross profit ratio is probably the best metric for valuing these companies. On that front, Olo is more reasonable at 10x gross profit, compared to Toast’s valuation of 26x.

With its unique sales strategy and greater potential, Olo seems like the best company to keep for the long term.

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As Labor Day turns 120, payday advances http://www.newsmyrnabeachweather.com/as-labor-day-turns-120-payday-advances/ Mon, 05 Sep 2022 08:00:19 +0000 http://www.newsmyrnabeachweather.com/as-labor-day-turns-120-payday-advances/ Labor Day became a statutory holiday in September 1882. Over the next 120 years, the very notion of work and the very composition of the workforce have changed dramatically. So are the ways and means by which we get our earned wages into our collective pockets and bank accounts. A nation of farmers At the […]]]>

Labor Day became a statutory holiday in September 1882.

Over the next 120 years, the very notion of work and the very composition of the workforce have changed dramatically. So are the ways and means by which we get our earned wages into our collective pockets and bank accounts.

A nation of farmers

At the end of the 19th century, about half of the American population was involved in agriculture.

Fast forward to today, and professional and business services remain the largest employment sector with about 22 million people, or about 13% of the workforce, according to data from the labor office Statistics. In fact, non-agricultural jobs make up about 92% of the labor force.

Along the way, as shown in a History of the Federal Reservewages were distributed in cash, or in what one might think was a bit, well, inventive (the study mentions that workers were paid, in some cases, in pounds of tobacco).

The two-week pay cycle? Well, that traces its genesis back to the last century, the 1940s – a stable and reliable process that allows state and federal governments to collect taxes.

Now, real-time payments are looming and the gig economy is firmly embedded in the fabric of society. As recently as last year, according to Pew Research estimates, about 16% of the U.S. workforce had at least some experience earning money through indentured labor. In an inflationary environment, the opportunity and attraction is there to accept additional and flexible work to increase one’s income.

Flexible payments

Payments should also be flexible. PYMNTS research found that pay-as-you-go, or at least more frequent, options are favored by gig workers. In a recent interview, Tracy Monson, chief product officer of payout platform Onbe, told PYMNTS that “compensation is the number one thing that attracts gig workers and builds loyalty.”

But 41% of freelancers wait a month between paychecks, and 70% say they want to get paid quickly and more often.

Businesses are beginning to recognize that they need to meet these expectations. Around 75% of businesses now see faster payments as an essential service to offer, and around 90% believe they will be able to offer faster or instant digital payments within three years, as we have underlined here.

Elsewhere, Ingo Money CEO Drew Edwards told PYMNTS that “if work is now on demand, the worker must also be paid on demand – it must be an on demand equation of the beginning to end”.

He noted: “Doing the job and going home and then waiting to be paid next Saturday is not the way these workers think. In the world of gigs, this offer means you won’t attract the driver, web designer, or freelancer. »

There are a number of companies – including digital startups – that have raised capital and come to market with their own Earned Wage Access (EWA) products and services. In one example, Tartan raised $4.5 million to expand its payroll offerings, with EWA and salary-related loans in the mix. Additionally, PayPal has implemented pay-as-you-go for its employee roster.

The allure of having immediate access to pay as you work has obvious appeal beyond the gig economy, of course, but the landscape may be changing. . End of June, Consumer Financial Protection Bureau (CFPB) has terminated financial services provider Payactiv’s sandbox approval order for its EWA products.

The CFPB said at the time that it “had received requests” for clarification regarding its advisory opinion on EWA products. The office said it “plans to issue new guidance soon to further clarify the application of the definition of ‘credit’ under the Truth in Lending Act and Regulation Z.”

So the ways we earn our daily bread will continue to evolve.

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NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS HAVING HIGH DEMAND FOR SUPER APPS
About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.

We are always looking for partnership opportunities with innovators and disruptors.

Learn more


https://www.pymnts.com/news/retail/2022/transformation-of-victorias-secret-hindered-by-slow-consumer-spending/partial/

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Mill City Ventures III: A Hidd http://www.newsmyrnabeachweather.com/mill-city-ventures-iii-a-hidd/ Fri, 02 Sep 2022 21:50:16 +0000 http://www.newsmyrnabeachweather.com/mill-city-ventures-iii-a-hidd/ Some banks have taken a more cautious approach to lending due to the unfavorable economic situation. Combined with the Federal Reserve rate hikes, the gap between banks and finance companies in terms of borrowing costs has narrowed and could present excellent lending opportunities for the latter. Usually, most non-bank financial companies are known to have […]]]>

Some banks have taken a more cautious approach to lending due to the unfavorable economic situation. Combined with the Federal Reserve rate hikes, the gap between banks and finance companies in terms of borrowing costs has narrowed and could present excellent lending opportunities for the latter.

Usually, most non-bank financial companies are known to have a riskier and more aggressive approach to lending, but those with a strong risk management framework in play often end up delivering great returns in my experience. I recently came across one such micro-cap financial player that looks promising due to its unique credit policy and fast processing times: Mill City Ventures III Ltd. (MCVT, Financial).

Company presentation

Mill City Ventures III is a Minnesota-based specialty finance firm focused on public and private enterprise lending as well as casual equity investments. Its investments primarily take the form of growth capital which finances borrowers’ growth, expansion and start-up costs. Apart from financing, the company also offers some managerial assistance to private and publicly listed companies. The firm seeks a form of active investment and advises its portfolio companies on financial and operational matters.

Like most other players in specialized finance, the company’s goal is also to provide returns on investment above the market average. When we talk about the nature of lending and investment products, Mill City Ventures is known to offer litigation financing, asset backed loans, title loans, tax anticipation loans, real estate bridging loans , mortgages and other financial services.

High risk and high yield loans

Mill City Ventures started as a business development company in 2013 and gradually grew into a full-fledged specialty finance company and non-bank lender. It is part of the group of specialist finance companies, which are essentially non-bank lenders that provide credit to SMEs that might otherwise have difficulty obtaining financing.

They have their own differentiated credit policy to assess each loan request. The company doesn’t have much of an approach based on formulas and ratios like the average bank and seeks to focus on qualitative factors as well as hard data such as the borrower’s intent and ability to pay. and the asset value of any collateral pledged. As the loan criteria are much more flexible than other financial institutions, Mill City Ventures is able to charge higher processing fees and a higher interest rate. Its borrowers benefit from a fast processing time, which for some offsets the higher cost of borrowing, and also ensures a good flow of loan opportunities into the business.

The company’s business structure involves fewer reporting requirements than banks, giving it great flexibility. For example, he could easily loan out more than 50% of his corpus if he encountered a good high-value loan opportunity without going through a regulatory nightmare. Additionally, a large percentage of its income in the form of interest and processing fees trickles down to the bottom line, as it has a relatively small staff, low overhead and a flat organizational structure, which implies a significantly lower cost of processing proposals, with a quick decision on loan application.

Key financial indicators

The financial statements of banks and financial institutions are relatively difficult to analyze because they are very different from those of ordinary companies. It is easier to directly analyze some very specific financial metrics that can help determine business performance.

First, let’s look at capital employed. According to its most recent balance sheet, Mill City Ventures manages nearly $17 million, which it raised through a combination of debt and equity that it lends in the market. Revenues of $3.67 million over 12 months and a net profit of $1.23 million are currently being reported from the investment of these funds. The company is able to generate an after-tax return of between 7% and 8% on its capital employed.

It is important to mention that no true non-performing assets have been reported by the company so far and interest flows appear to be regular against cash flow, which means that the asset management policies risks are solid. Additionally, the company’s capital employed has fallen from nearly $9 million in 2016 to around $17 million today, but its performance has been reasonably consistent.

Past Success Stories

Mill City Ventures’ investor presentation discusses a number of specialty lending scenarios where the company has had success in the past.

Alatus Development LLC, one of their borrowers, raised a $3.9 million loan to continue work on ongoing apartment development projects. The borrower had significant net worth and needed quick capital, with repayment taking place after the apartments were sold. Alatus sold various apartment buildings and paid off Mill City Ventures, and the company earned net interest and closing cost income of $365,000.

Another example is Mill City Ventures’ $3.4 million loan to Villas at 79th, which allowed the company to close on the land and seek final development approvals. Management claims to have generated a return on investment of 58.29% on this short-term loan transaction.

Final Thoughts

As we can see above, Mill City Ventures shares are undervalued based on the GF Value chart. The company’s current return on assets of 7.21% is well above the credit services industry average and its leverage ratio of 0.15 is also an indicator of very low leverage.

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We can see that the current stock price is well below the GF value as well as the Graham number. I have confidence in the company’s risk management strategy; CEO Douglas Polinsky is an investment management industry veteran with extensive experience lending to public and private companies while employed at reasonably well-known funds. Overall, I think Mill City Ventures could be a promising small-cap value opportunity in specialty finance.

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6 ways to raise funds immediately for an emergency http://www.newsmyrnabeachweather.com/6-ways-to-raise-funds-immediately-for-an-emergency/ Wed, 31 Aug 2022 08:45:00 +0000 http://www.newsmyrnabeachweather.com/6-ways-to-raise-funds-immediately-for-an-emergency/ If you need money fast, you may be wondering how to get it. There are several ways to raise funds quickly, depending on your situation. In this article, we will discuss six methods to get the funds you need right away. Keep in mind that some of these options involve borrowing money, so be sure […]]]>

If you need money fast, you may be wondering how to get it. There are several ways to raise funds quickly, depending on your situation. In this article, we will discuss six methods to get the funds you need right away. Keep in mind that some of these options involve borrowing money, so be sure to read the terms and conditions carefully and understand what you are signing up for.

Personal loan

A personal loan is an option for getting quick cash. You can apply for a personal loan via banks and financial institutions, or even through online lenders. Personal loan terms and conditions vary, so be sure to shop around and compare offers before deciding. The application process is usually quick and you can get loan approval within days. The downside to personal loans is that they often come with high interest rates, so be sure to shop around and compare rates before taking out a loan. It’s also a good option if you have bad credit, as personal loans are often easier to get than other types of loans.

Loan on property

It is a loan secured by your property, whether it is your house, land or commercial building. You can usually borrow up to 70% of the property value, and interest rates are relatively low. The downside is that you are putting your property at risk if you cannot repay the loan. This type of loan is ideal for people who have a lot of equity in their property and can afford to make the payments.

Short term business loan

This is a loan specifically for businesses, and it is generally of a shorter duration than a traditional business loan. Interest rates are usually higher, but you can get the money quickly and without as much paperwork. When you’re in a bind and need cash fast, a short-term business loan can be the perfect solution. These loans are generally designed for businesses that need to borrow a relatively small amount of money for a short period. There are several types of short-term business loans, so it’s important to do your research before applying. Try to find a loan with low interest rates and flexible repayment terms.

gold loan

A gold loan is another option for getting quick cash. You can use your gold jewelry as collateral to take out a loan, and the interest rates are usually quite low. The downside is that you’re putting your gold at risk, so if you can’t repay the loan, you risk losing your jewelry. Gold loans are best for people who have a lot of equity in their gold and can afford to make the payments. You can also sell your gold jewelry to get the money you need.

Sell ​​something

If you have something valuable that you can sell, such as a car, boat, or jewelry, this is another option for raising money quickly. You can usually get a fair price for your item by selling it through a classified ad or online auction site. The downside is that you won’t have the item once you sell it. This option is best if you have something you can part with and don’t mind not having it anymore. You can also try selling items you no longer use, such as clothing, furniture, or electronics.

Ask your friends or family for help

If you’re in a bind and need some quick cash, your friends or family may be willing to help. They can lend you money without interest or give you a low interest loan. The downside is that you might feel uncomfortable asking for the money, and it could strain your relationship if you can’t repay the loan. This option is best if you are sure you can repay the loan and you don’t mind putting your relationship at risk.

These are just a few of the options available to you if you need cash fast. Be sure to shop around and compare offers before deciding. And be sure to read the terms and conditions carefully so you understand what you are signing up for. With a little research, you should be able to find the perfect solution for your needs. Be sure to weigh the pros and cons of each option before making a decision. And remember, if you’re ever in a bind, there are always people who are ready to help you. Don’t be afraid to ask for help when you need it.


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