private cloud solution

PRIVATE CLOUD (INTERNAL CLOUD OR CORPORATE CLOUD)

Private cloud is a type of cloud computing that delivers similar advantages to public cloud, including scalability and self-service, but through a proprietary architecture. Unlike public clouds, which deliver services to multiple organizations, a private cloud is dedicated to a single organization.

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Best Business Phone Systems 2016

We know that different businesses have diverse needs in phone systems. We researched and reviewed dozens of phone systems and came up with the ones we think are best for a variety of business types. Here is a roundup of our best picks and an explanation of how we chose them. Ready to choose a business phone system? Here's a breakdown of our complete coverage: 
Business Phone System Buyer's Guide REVIEW:

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How to figure out when it makes sense to refinance your mortgage

Refinance your mortgage when doing so will save money or give you financial flexibility.

Refinance Calculator

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Should I refinance my mortgage?

Here's how to determine whether you will benefit by refinancing your mortgage.

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Beginners Guide To Refinancing Your Mortgage

What You Should Know Before Refinancing

Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage. For borrowers with a perfect credit history, refinancing can be a good way to convert a variable loan rate to a fixed, and obtain a lower interest rate. Borrowers with less than perfect, or even bad credit, or too much debt, refinancing can be risky.

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Refinancing

Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage.

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Business loan

A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loan, suited to the requirements of different types of business such as bank loans, mezzanine financing, asset-based financing and invoice financing.

Bank loan[edit]

See also: loan

A bank loan is obtained from a bank and may be either secured or unsecured. For secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will probably wish to see the business’s accounts, balance sheet and business plan, as well as studying the principals' credit histories. Many smaller businesses are now however turning towards Alternative Finance Providers who are offering a number of advantages and reasons to seek business finance elsewhere.

Mezzanine finance[edit]

Main article: mezzanine capital

Mezzanine finance effectively secures a company’s debt on its equity, allowing the lender to claim part-ownership of the business if the loan is not paid back on time and in full.^[1]This allows the business to borrow without putting up other collateral, but risks diluting the principals’ equity share in case of default.

Asset-based finance[edit]

Main article: Asset-based lending

Once considered the finance option of last resort, asset-based lending has become a popular choice for small businesses lacking the credit rating or track record to quality for other forms of finance.^[2] In simple terms, it involves borrowing against one of the company’s assets, with the lender focusing on the quality of the collateral rather than the credit rating and prospects of the company. A business may borrow against several different types of asset, including premises, plant, stock or receivables.

Invoice finance[edit]

Main articles: invoice discounting and factoring (finance)

In recent years, it has become increasingly difficult for SMEs to obtain traditional finance from banks. An alternative option is invoice discounting or factoring, whereby the company borrows against its outstanding invoices, with the ability to obtain funds as soon as new invoices are created, but it is often questioned which option is best for your business – factoring or discounting?.^{[citation needed]} The finance company charges interest on the loan until the invoice is paid, as well as fees if the factoring option is chosen, in which case the factoring company takes ownership of the debtor ledger and uses its own credit control team to secure payment. With invoice discounting, the business maintains control of its own ledger and chases debts itself.

Secured and unsecured business loans[edit]

Main articles: secured loan and unsecured debt

Business loans may be either secured or unsecured. With a secured loan, the borrower pledges an asset (such as plant, equipment, stock or vehicles) against the debt. If the debt is not repaid, the lender may claim the secured asset. Unsecured loans do not have collateral, though the lender will have a general claim on the borrower’s assets if repayment is not made. Should the borrower become bankrupt, unsecured creditors will usually realise a smaller proportion of their claims than secured creditors. As a consequence, secured loans will generally attract a lower rate of interest.

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Which Business Loan is Best For You?

Learn about each of the loan products available on the Fundera marketplace.

Find Your Business Loan

Fundera's marketplace includes many different kinds of business loan products — offered by a variety of our hand-picked lenders. To make sure you get the best possible rate, we recommend you apply for all of the products you qualify for.

SBA Loan

SBA loans are government-guaranteed, long-term loans made by SBA lenders that allow businesses who may have been turned down by the bank to receive low-interest rate loans that can be used for many business purposes.

Traditional-Term Business Loan

Just like a traditional bank loan, with a traditional-term business loan, you are lent a set amount upfront, which you pay back (along with fees) over a set period of time.

Equipment Financing

With equipment financing, the lender will upfront you cash to help purchase the equipment outright. You then pay back the total amount lent, plus fees, for a set period of time.

Short-Term Business Loan

With a short-term business loan, you are lent a set amount upfront, which you quickly pay back (along with fees) over a short period of time.

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Business Loans up to £25,000

• Key features & benefits

• A quick, straightforward way to get extra business finance
• Match your loan requirements to your business plans
• No prepayment fees – so you can pay back your loan at any time without penalty
• 6 months repayment holiday available at the beginning of the loan (interest will continue to accrue and will be payable in future repayments)
• Fixed interest rates so you know exactly where you stand
• Select a monthly repayment term from 1 to 10 years, providing that the loan term doesn't exceed the life of the asset
• Choose the repayment option that matches your cash flow needs – from lower monthly repayments over a longer term to higher monthly repayments over a shorter term
• Business loans available for any amount from £1,000 to £25,000

Business loans are subject to status and application 

Other business financing options

• A business overdraft can provide financial breathing space, by helping you pay for stock and other costs without waiting for sales income.
• Business credit cards are the flexible way to control your expenditure.

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