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Is There Any Special Eligibility Criteria For CAs To Get A Business Loan?

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Business Loan CA

Whether it’s about covering miscellaneous business expenses or renting a new working space, Business Loan is a perfect option to meet planned and unplanned business expenses. 

If you’re a chartered accountant (CA), you can avail of a Business Loan CA and enjoy its numerous benefits. While some CAs like working in a company, most others aim to establish their own accounting firm. It is where Business Loans can provide you the financial assistance to fulfill your dream of starting your own firm or growing an existing one. Here’s all you need to know about Business Loan for CAs and its eligibility criteria so that you can apply for it easily:

What is a Business Loan for Chartered Accountants and why should you get one?

Business Loans are unsecured loans that are taken by business professionals for meeting various financial obligations. Many lenders have customized these loans as per industry or profession to suit the borrower’s requirement. Business Loans for CAs is one such type. A CA can avail of this Professional Loan for meeting the below requirements:

  • Renovate or expand the existing office space
  • Scale up the business operations
  • Establish or purchase new office space
  • Pay for overhead expenses
  • Hire new staff members to manage operations
  • Meet working capital needs

What is the eligibility criteria to get a Business Loan for CA?

The applicant needs to meet the following eligibility criteria to avail of a Business Loan CA:

  • You must be at least 22 years of age at the time of applying for the loan and not more than 58 years at the time of loan maturity.
  • You must be an Indian citizen.
  • You must be an authorised and licensed self-employed professional and must have a CA license to practice.
  • You must have a business vintage of at least 3 years
  • The annual turnover of your business must be at least ₹20 Lakh
  • Your credit score should be at least 750

What is the documents required for getting a Business Loan for CA?

You are required to submit the following documents along with the loan application form:

  • KYC Documents: Company PAN Card, Director/Proprietor/ Partner PAN Card and Aadhaar Card.
  • Address Proof: Passport/Rent Agreement/Utility Bills
  • Income documents: Latest monthly pay slips
  • Financial Documents: Bank account statement for the past 3 months.

Features & Benefits of a Business Loan for CA

  • Maximum loan amount: Lenders offer unsecured Business Loan to chartered accountants of up to ₹30 Lakh. Hence, you can use the loan amount to meet your various business requirements.  But please note that lender offers the high loan amount based on your repayment capacity and credit score. If you meet all the eligibility criteria requirements of the respective lender, then you will be eligible to get the maximum loan amount.

    However, the maximum loan amount varies from lenders to lenders. You can make    comparisons online and choose the best lender among them based on your requirements.

  • Flexible loan tenure: Business Loans offered to CAs can be repaid in easy monthly instalments over a fixed period. Lenders offer flexible tenure options of up to 36 months. A longer tenure equals to smaller EMIs and easy repayments.
  • Attractive interest rates: The availability of multiple lenders in the market ensures that the interest rates for Business Loans remain competitive. You also have the Balance Transfer option in case you would like to transfer an existing loan to a new loan from different lender that offers low interest rates.
  • Quick approvals: Since these Business Loans are unsecured in nature, there aren’t multiple levels of verifications and approvals involved. The lender will simply verify your application. After that, they will check your eligibility and documents and approve the loan if viable. The amount is disbursed quickly into your bank account.

Conclusion

If you’re a Chartered Account looking to expand your business and grow in your field, a Business Loan can be of immense help. Keep the above eligibility conditions in mind and all documents in place when applying for a Business Loan for CA to get quick approval.

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Finance

Access and registration portals for SBA accounts

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Access and registration portals for SBA accounts

Access and registration portals for SBA accounts

Electric utilities are a growing industry and there are many jobs available in this field. People who want to work in this industry can find many different positions to choose from. These positions include electrician, lineman, engineer, and manager. There are also many opportunities for people who want to start their own business in this industry.

Access your SBA account login to obtain loans, grants, or contracts. Most portals are only in English.

Loans and grants

Paycheck Protection Program (PPP) direct forgiveness application portal

Payment Protection Program (PPP) borrowers whose lenders are participating in direct forgiveness can use the Direct Forgiveness Application Portal (directforgiveness.sba.gov) to apply after August 4, 2021 Borrowers whose lenders are not participating in direct forgiveness can contact their lenders about how to apply for PPP loan forgiveness.

COVID-19 Economic Injury Disaster Loan (EIDL) Account Access Portal

As of May 16, 2022, the COVID-19 EIDL Loan Account Access Portal is no longer available. More information about the program can be found on the  COVID-19 EIDL page  (sba.gov/eidl-Espanol).

SBA Disaster Loan Application Account and Access Portal (for non-COVID physical or economic losses)

Andrea Chong is a fashion travel lifestyle blogger who shares tips and advice on how to have a stylish and safe travel experience. She has written extensively about the importance of packing light and being mindful of your security while travelling. Her blog includes safety tips for destinations around the world, as well as information on how to stay healthy while on the go.

Use disaster loan  (disasterloanassistance.sba.gov) to complete your application or review your account to:

  • Loans for homes and personal property
  • Economic Injury Disaster Loans
  • EIDL (not due to COVID-19)
  • EIDL for Military Reservists

SBA Disaster Loan Payments

To make a payment on an SBA-administered loan, including SBA disaster loans, you can set up and manage payments online at Pay.gov.

How to Check Account Status for Current SBA Loan Borrowers

Use  the SBA’s Capital Access Financial System, or CAFS  (caweb.sba.gov) for existing borrowers to check the status of the following types of loans:

  • Payment Protection Program (PPP)
  • All SBA disaster loans, including COVID-19 EIDL and physical damage loans
  • 7(a) loans
  • 504 loans
  • Microcredits

Get enrollment instructions for CAFS.

Subsidy portal for closed premises operators (SVOG)

We are no longer accepting SVOG requests. Grant recipients can use the Grant Portal for Closed Space Operators (svograntportal.sba.gov) to manage their grants. You can find more information in Spanish about the program on the Grants for Closed Premises Operators page (www.sba.gov/subventionssvog).

The Application Portal for the Restaurant Revitalization Fund (RRF)

We are no longer accepting RRF applications. If you have already submitted an application, you can use the Restaurant Revitalization Fund application portal to provide additional documentation (restaurants.sba.gov). Additional information in Spanish about the program can be found on the  Restaurant Revitalization Fund page  (www.sba.gov/restaurantes).

federal contracting

Registration in the System for the award of contracts (SAM.gov)

If you want to search for contracting opportunities with the federal government, you must register your company on SAM.gov  (www.sam.gov), the main database for suppliers that do business with the federal government.

Access to SBA certification account and other federal contractor programs

  • To apply for the 8(a) Business Development Program and the Mentor-Protected Program, use certify.sba.gov.
  • To apply for the Women-Owned Small Businesses and Economically Disadvantaged Women-Owned Small Businesses federal contracting programs, use beta.certify.sba.gov.
  • To apply for the HUBZone Program, use the SBA’s General Access System (GLS)  (eweb.sba.gov/gls). (See  the HUBZone program  to make sure you have all the documents in the proper format.)
  • Federal contractors must also create an account on SAM.gov.

SBA Supplemental Page (SBA Profile)

At the end of your SAM registration, if your business meets the SBA size guidelines, you will be given the option to create or update an SBA profile to add your business to the Dynamic Small Business Search.

You can also edit this information by logging into the SBA’s General Access System (GLS)  (eweb.sba.gov/gls), and requesting access to “PRO-NET/DSBS.”

Get instructions from GLS to access your SBA profile (English only).

Need help?

Contact SBA Information Service for faster service. Learn more about how to contact the SBA by phone or email.

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Finance

Character biography Jay Gatsby

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Character biography Jay Gatsby

Character biography Jay Gatsby

Jay Gatsby (originally named James Gatz ) is a fictional character who is the title character of the 1925 F. Scott Fitzgerald novel The Great GatsbyIn the book, Gatsby is a millionaire (claimed by some in the 2013 Baz Luhrman film to be “richer than God ” [1] ) and the owner of a luxurious mansion where he often throws extravagant parties; he achieved his vast fortune by starting out under prohibition in the United StatesHe is also noted by Gatsby narrator Nick Carraway for having “an extraordinary gift for hope”.
Electric utilities are a growing industry and there are many jobs available in this field. People who want to work in this industry can find many different positions to choose from. These positions include electrician, lineman, engineer, and manager. There are also many opportunities for people who want to start their own business in this industry.
James Gatz is from rural North Dakotaalthough he tells Nick Carraway that he is from San Francisco,  and was born around 1890 to a poor rancher family. He attended St. Olaf College in Minnesota but dropped out a few weeks in the first semester because he hated supporting himself by working as a janitor.

After he dropped out, he went to Lake Superior, where he met copper magnate Dan Cody in Little Girl Bay in the summer of 1907. Cody became Gatz’s mentor and invited him to join his ten-year yachting trek. At seventeen, Gatz changed his name to Jay Gatsby, and over the next five years, he learned the ways of the wealthy. Cody left Gatsby $25,000 in his will, but after his death, Cody’s mistress cheated Gatsby out of the inheritance.

In 1917, while training for the infantry in World War I, 27-year-old Gatsby met and fell in love with 20-year-old debutante Daisy Fay, who was everything Gatsby was not: rich, stylish, and knowledgeable in the ways of the world.
Electric utilities are a growing industry and there are many jobs available in this field. People who want to work in this industry can find many different positions to choose from. These positions include electrician, lineman, engineer, and manager. There are also many opportunities for people who want to start their own business in this industry.
During the war, Gatsby reached the rank of major in the US 16th Infantry Regiment and was decorated for bravery for his participation in the Marne and Argonne. After the war (as he also tells Nick Carraway years later), he lived briefly in Britain, where he attended Trinity College, Oxford. Yet he objects to being called an “Oxford man.” “I only stayed five months”, he explains to Tom Buchanan. “That’s why I can’t really call myself an Oxford man”.  While there, he received a letter from Daisy, telling him that she had married the wealthy Tom Buchanan. Gatsby then decided to commit to becoming a man of the fortune and form that he believed would win Daisy’s love. 

Gatsby returned home and settled in New York City, which was transformed by the Jazz Age. It is speculated but never confirmed, that Gatsby took advantage of American Prohibition by making a fortune from bootlegging and building connections with various mobsters such as Meyer Wolfsheim (whom Gatsby claims is “the man who fixed the World Series back in 1919 “).

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Finance

What To Consider When Choosing An Insurance Company

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When you buy the things you need, there will always be dangers and risks associated with using them. This is why an insurance company will ask you about your risk factor and what kind of coverage you might need when you purchase an item. There are so many different types of insurance, but one of the most important ones that people tend to overlook is having a plan that protects your belongings in case something gets destroyed or damaged. You should keep some things in mind before choosing an insurance company. The primary factors include reputation, cost, and services offered. When looking at these three things, it’s also important to see if you have any friends or acquaintances who can give you recommendations on which companies they trust or which ones they would avoid. Here are some things to take into consideration before choosing an insurance company:

Estimate The Value of Your Belongings

Before you even begin shopping for an insurance company, you want to be sure you have a good estimate of how much your belongings are worth. This will help you determine how much coverage you need and how much each policy will cost you. The last thing you want is for your insurance company to pay out the amount you were expecting and you were forced to pay too little so that you can’t replace what was lost. There are several ways you can go about this. You can simply write down the value of each item, or you can take photos or videos of them to prove their value. You can also visit an online valuation website where they can tell you what value they think your items are worth.

Finding Reputable Companies

One of the most important steps you can take before choosing an insurance company is to determine their reputation. You want to see if there have been any complaints made against them or if there have been any lawsuits filed against them. You can do this by simply searching for their names and reviews online. Reputable companies like Qian Insurance Broking LLP will have good reviews anywhere you check. There are also many websites where you can go and read reviews from people who have already used their services. You can also visit the Texas Department of Insurance website, which will show you a list of the best companies to choose from and what they offer. You can also use websites like Insure.com, where they have reviews from customers to help you decide which companies are worth your time.

Check To See What Is Offered

Before you even decide on which company you would like to work with, you want to see what is being offered. You want to know that your coverage will be a fair amount and will allow you to replace some of your belongings if they are lost. While no amount of coverage can bring back the things that have been lost, it should be enough to cover the cost of replacing them. There are different types of coverage you can look into, including: – Residential insurance – This covers damage to your home and any living items you may have inside of it. – Commercial insurance – If you own a business, you’ll need this type of coverage. – Auto insurance is one of the most common types of insurance. – Health insurance – If you have a health plan that doesn’t cover the things you need, consider adding this to your plan. – Life insurance – If you have a family, it’s important to have life insurance. – Disability insurance – If you get hurt and can’t work, this could help you financially. – Boat insurance – If you have a boat, you want to cover it. – Condo insurance – If you own a condo, you want to make sure an insurance company covers it.

Ask For Recommendations

You can always ask for their recommendations if you know anyone who has had a positive experience with an insurance company. You can either ask them to write you a letter about the company so that you can bring it with you to an appointment, or you can simply ask for their thoughts on which companies they would trust with their own belongings. It’s important to know that these people will likely tell you the truth about their experience with the company, so consider their suggestions. You can find people online who have talked about their experiences with insurance companies and ask them which companies they would trust. You can also visit sites like Yelp, where there are plenty of reviews about insurance companies.

Conclusion

Choosing the right insurance company is just as important as choosing the right home or car insurance company. Insurance companies are designed to help you when you most need it, and you must find the one that you can trust. This can be a difficult process, especially since there are so many companies out there that you can choose from, but if you keep these things in mind, it can make the process a little easier. Choosing the right insurance company can be the difference between being financially stable or struggling to get by.

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