Chicago, IL (PRWEB) February 28, 2012
Clopton Capital, a provider of business loans, working capital and SBA loans is announcing the arrival fixed rates on both SBA 504 and SBA 7a loans. These small business loans are believed by the firm to be more advantageous and less risky for the borrower since it will be easier to predict the total cost of borrowing business capital or working capital on a fixed SBA loan. They believe this will help drive more business to their firm that they had previously been unable to acquire. This announcement is being made via their SBA loan website, SBABusinessLoanSource.com, CloptonCapital.com and this press release. They believe that it is necessary to establish themselves as soon as possible as a source for fixed interest rate working capital business loans since they believe many of their competitors are soon to do the same. “Being able to provide fixed interest rate SBA loans is definitely a breakthrough for us. I can safely say that this change will benefit us and even more so our clients”, said Jake Clopton, the founder of Clopton Capital.
Clopton Capital states that these fixed interest rate SBA loans have been made available roughly one week before the publishing of this release and that they are fully capable of accepting new SBA loan requests immediately. “This is really exciting to be able to offer these SBA loans as there have been few times in history when they were needed more. I imagine there will be a significant spike in business immediately following our current prospects and clients learning of this”, said Matt Reed, an associate of Clopton Capital.
For more information about Clopton Capital’s business loan services visit their website dedicated to them at CloptonCapital.com. To join their financial link exchange visit CloptonCapital.com/link.
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2012年2月21日星期二
Dannemora reduces need for additional financing
In Dannemora Mineral`s interim report for the third quarter of 2011, the Company announced that additional investments of SEK 120 million in new, safer and more efficient ramp systems in the Dannemora iron ore mine had been approved. The report also announced increased costs of SEK 22 million related to consulting support in the Company`s investment project and an increase in tied-up working capital of SEK 20-30 million due to the construction of a quality assurance store over in Hargshamn.
Since then the Company has been actively working to reduce the need for additional financing. This has led to shifts in non-time-critical investments and various measures to free up working capital.
The fact that Dannemora`s investment project has progressed without disruption or cost overruns and the production start-up date will be met also means the Company will quickly arrive at a situation of positive cash flows.
It is Dannemora Mineral`s assessment that the Company`s additional capital requirement for financing the Dannemora iron ore mine in the period until a positive cash flow is achieved amounts to approx. SEK 100 million. The Company does not expect this need for additional financing to arise until some time after commercial operation has started at the Dannemora iron ore mine.
Dannemora Mineral also believes that the capital requirement should be funded by equity. Consequently, Dannemora Mineral plans to implement a new share issue of approx. SEK 100 million sometime during the next 6-month period, when the capital market is considered beneficial. The new share issue is likely to be implemented without preferential rights for existing shareholders
Read Press release below
Press release 21 Februrary 2012
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Dannemora Mineral AB via Thomson Reuters ONE
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Since then the Company has been actively working to reduce the need for additional financing. This has led to shifts in non-time-critical investments and various measures to free up working capital.
The fact that Dannemora`s investment project has progressed without disruption or cost overruns and the production start-up date will be met also means the Company will quickly arrive at a situation of positive cash flows.
It is Dannemora Mineral`s assessment that the Company`s additional capital requirement for financing the Dannemora iron ore mine in the period until a positive cash flow is achieved amounts to approx. SEK 100 million. The Company does not expect this need for additional financing to arise until some time after commercial operation has started at the Dannemora iron ore mine.
Dannemora Mineral also believes that the capital requirement should be funded by equity. Consequently, Dannemora Mineral plans to implement a new share issue of approx. SEK 100 million sometime during the next 6-month period, when the capital market is considered beneficial. The new share issue is likely to be implemented without preferential rights for existing shareholders
Read Press release below
Press release 21 Februrary 2012
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Dannemora Mineral AB via Thomson Reuters ONE
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2012年2月17日星期五
i-ASEAN News Network – Loans Out for Flood-hit Businesses Next Month
The central bank is set to roll out 300 billion baht in soft loans as financial assistance for SMEs and individual business operators hit by the recent flooding in early March.
Commercial banks will be slapped with a higher interest rate if their loan issuances are not in compliance with the regulations.
The Bank of Thailand is set to issue 300 billion baht in soft loans to provide financial assistance for victims of the recent floods in accordance with an executive loan decree. The period of the loan program is five years.
Of the total amount, 210 billion baht is being funded by the central bank, while the rest will come from financial institutions’ contributions.
Bank of Thailand Assistant Governor for the Financial Markets Operations Group, Pongpen Ruengvirayudh expects the list of provinces designated as flood disaster zones to be announced by the Finance Ministry today. Financial institutions have been advised to notify the central bank of the loan amount they will require within two weeks of the announcement.
She said the funds will be transferred to the banks within three days of the central bank’s receiving of their requests and that they can begin offering the loans to individual clients in early March.
Eligible borrowers must be SME companies or individual business operators that were affected by the recent flooding. An SME borrower will be entitled to a maximum 30 million baht loan, while loans for individuals are limited to one million baht.
The Bank of Thailand will charge an annual interest rate of 0.01 percent from financial institutions, while the financial institutions are allowed to charge borrowers an interest rate of no more than three percent.
Commercial banks will be liable to paying an interest rate of ten percent as a penalty should they be found to be issuing loans that are not in compliance with the central bank’s regulations. They will also be solely responsible for any risks or liabilities involved in issuing such loans.
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Commercial banks will be slapped with a higher interest rate if their loan issuances are not in compliance with the regulations.
The Bank of Thailand is set to issue 300 billion baht in soft loans to provide financial assistance for victims of the recent floods in accordance with an executive loan decree. The period of the loan program is five years.
Of the total amount, 210 billion baht is being funded by the central bank, while the rest will come from financial institutions’ contributions.
Bank of Thailand Assistant Governor for the Financial Markets Operations Group, Pongpen Ruengvirayudh expects the list of provinces designated as flood disaster zones to be announced by the Finance Ministry today. Financial institutions have been advised to notify the central bank of the loan amount they will require within two weeks of the announcement.
She said the funds will be transferred to the banks within three days of the central bank’s receiving of their requests and that they can begin offering the loans to individual clients in early March.
Eligible borrowers must be SME companies or individual business operators that were affected by the recent flooding. An SME borrower will be entitled to a maximum 30 million baht loan, while loans for individuals are limited to one million baht.
The Bank of Thailand will charge an annual interest rate of 0.01 percent from financial institutions, while the financial institutions are allowed to charge borrowers an interest rate of no more than three percent.
Commercial banks will be liable to paying an interest rate of ten percent as a penalty should they be found to be issuing loans that are not in compliance with the central bank’s regulations. They will also be solely responsible for any risks or liabilities involved in issuing such loans.
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2012年2月1日星期三
Federal plan to extend deferred fees to TAFE
Thousands of Canberra students wanting to study a vocational course may be thrown a financial lifeline as the Federal Government plans extending HECS-style loans to TAFE fees.
The Canberra Institute of Technology cautiously welcomed the announcement by Prime Minister Julia Gillard yesterday that the Commonwealth would negotiate a plan with the states and territories to end up-front fees for students enrolling in VET diplomas or advanced diplomas.
The reforms, however, will not be in place for students enrolling in TAFE this year.
CIT currently has one of the highest intakes of students at diploma and associate degree level across Australia’s 56 public TAFEs – with more than 6000 enrolments last year.
Ms Gillard announced negotiations would begin on allowing students VET students to waive upfront fees and instead defer repayments until they were earning a wage – in the same way HECS works for university students.
Current fee levels at the CIT range between $1020 for international business and $3130 for hospitality and are regulated by the ACT Government.
The Federal Government would also guarantee foundation and entry-level courses for technical and service sector careers in areas such as health, business, hospitality, communications, construction, transport and other areas through a government-subsidised training place worth up to $7800.
CIT director Adrian Marron said the announcements were positive but ”the devil will be in the detail”.
While Victoria has been trialling income contingent loans to VET students, Mr Marron said ”there are lessons to be learned from the Victorian experience in relation to the mechanics of implementing the system”.
The CIT was aware that fees acted as a financial barrier to education and training for many students and already offered concessions such as 50 per cent off fees for students with a Centrelink card.
Mr Marron said the wide variety of courses, course lengths, fee structures and existing concessions would all need to be taken into account when constructing and negotiating the new HECS-style loans.
The Canberra Institute of Technology cautiously welcomed the announcement by Prime Minister Julia Gillard yesterday that the Commonwealth would negotiate a plan with the states and territories to end up-front fees for students enrolling in VET diplomas or advanced diplomas.
The reforms, however, will not be in place for students enrolling in TAFE this year.
CIT currently has one of the highest intakes of students at diploma and associate degree level across Australia’s 56 public TAFEs – with more than 6000 enrolments last year.
Ms Gillard announced negotiations would begin on allowing students VET students to waive upfront fees and instead defer repayments until they were earning a wage – in the same way HECS works for university students.
Current fee levels at the CIT range between $1020 for international business and $3130 for hospitality and are regulated by the ACT Government.
The Federal Government would also guarantee foundation and entry-level courses for technical and service sector careers in areas such as health, business, hospitality, communications, construction, transport and other areas through a government-subsidised training place worth up to $7800.
CIT director Adrian Marron said the announcements were positive but ”the devil will be in the detail”.
While Victoria has been trialling income contingent loans to VET students, Mr Marron said ”there are lessons to be learned from the Victorian experience in relation to the mechanics of implementing the system”.
The CIT was aware that fees acted as a financial barrier to education and training for many students and already offered concessions such as 50 per cent off fees for students with a Centrelink card.
Mr Marron said the wide variety of courses, course lengths, fee structures and existing concessions would all need to be taken into account when constructing and negotiating the new HECS-style loans.
ACT Education Minister Chris Bourke said he was happy to negotiate with the Commonwealth if the new measures went to improve local workforce productivity and participation.
”It is also worth noting that having federally funded HECS places aligns well with the University of Canberra-Institute of Technology joint venture,” he said, referring to the new institution to be set up by the UC and CIT to operate solely at diploma and associate degree level from 2013.
Mr Bourke said he looked forward to receiving more detail from the Commonwealth on how the scheme might work.
Ms Gillard said the reforms were aimed at tackling Australia’s skills shortage, recognised the increasing importance of higher level skills in Australian vocational education and take pressure off families struggling to make ends meet.
”By removing this cost barrier, students would have more choice about what and where they study, and would be free from the added burden of having to pay their training fees upfront,” she said.
She noted the Victorian trial had been popular, with 22,000 students opting to take up an income-contingent loan since 2009.
Ms Gillard said the package would not only open up a significant number of training opportunities for more Australians, but also improve job security and lift national productivity.
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”It is also worth noting that having federally funded HECS places aligns well with the University of Canberra-Institute of Technology joint venture,” he said, referring to the new institution to be set up by the UC and CIT to operate solely at diploma and associate degree level from 2013.
Mr Bourke said he looked forward to receiving more detail from the Commonwealth on how the scheme might work.
Ms Gillard said the reforms were aimed at tackling Australia’s skills shortage, recognised the increasing importance of higher level skills in Australian vocational education and take pressure off families struggling to make ends meet.
”By removing this cost barrier, students would have more choice about what and where they study, and would be free from the added burden of having to pay their training fees upfront,” she said.
She noted the Victorian trial had been popular, with 22,000 students opting to take up an income-contingent loan since 2009.
Ms Gillard said the package would not only open up a significant number of training opportunities for more Australians, but also improve job security and lift national productivity.
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2012年1月10日星期二
Cabinet approves financial decrees
The cabinet meeting has approved issuing of four financial decrees relating to acquiring loans for rebuilding the country and flood prevention, Atchaporn Charuchinda, secretary general of the Council of State, said on Tuesday.
The four proposals were put forward by the strategic committees for rehabilitation and future development and for setting up a water resource management system.
They are needed to help restore the confidence of Thai and foreign investors and to ensure the prevention of a recurrence of the floods in the long term, Mr Atchaporn said.
The Council of State must give advice to the cabinet on whether the issuance of bills and decrees is constitutional. It was not clear why the announcement was made by the Council of State and not the cabinet spokesman.
They decrees relate to the management debt owed by the Financial Institutions Development Fund (FIDF), empower the Bank of Thailand to provide 300 billion baht for low interest soft loans for flood affected manufacturers, allow the Ministry of Finance to seek 350 billion baht in loans for financing projects to rebuild the country, and establishment of a 50 billion baht insurance fund.
“The restoration of investors’ confidence, the rehabilitation and rebuilding the nation and preventing flooding of future projects must be rapidly started and therefore the issuance of these four decrees is necessary,” said Mr Atchaporn.
The secretary general of the cabinet would submit these financial decrees to His Majesty the King for royal endorsement, he added.
The four proposals were put forward by the strategic committees for rehabilitation and future development and for setting up a water resource management system.
They are needed to help restore the confidence of Thai and foreign investors and to ensure the prevention of a recurrence of the floods in the long term, Mr Atchaporn said.
The Council of State must give advice to the cabinet on whether the issuance of bills and decrees is constitutional. It was not clear why the announcement was made by the Council of State and not the cabinet spokesman.
They decrees relate to the management debt owed by the Financial Institutions Development Fund (FIDF), empower the Bank of Thailand to provide 300 billion baht for low interest soft loans for flood affected manufacturers, allow the Ministry of Finance to seek 350 billion baht in loans for financing projects to rebuild the country, and establishment of a 50 billion baht insurance fund.
“The restoration of investors’ confidence, the rehabilitation and rebuilding the nation and preventing flooding of future projects must be rapidly started and therefore the issuance of these four decrees is necessary,” said Mr Atchaporn.
The secretary general of the cabinet would submit these financial decrees to His Majesty the King for royal endorsement, he added.
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Cubans agog at chance to travel, 50 years on
After half a century of Orwellian obstacles to travel, Cubans are marveling at the thought President Raul Castro is expected to unveil reforms Friday that could let them see the world, and their loved ones, at long last.
“I hope Raul will remove the road block, and that we will be able to travel without so many problems. It would be a great Christmas gift,” said Luis Pena, a 37-year-old engineer whose mother has lived in the United States for 30 years.
Pena, optimistic and hopeful yet cautious about whether the travel freedoms so many Cubans want so badly will materialize, admitted: “I don’t have any of my old childhood friends around any more. They have all left.”
The Roman Catholic Church and regime-friendly musicians like Silvio Rodriguez and Pablo Milanes have joined a chorus of Cubans calling for an end to the rules, including one that penalizes “permanent emigrants” from the only one-party Communist regime in the Americas.
Observers in Havana say Raul Castro is widely expected to make the announcement in an address to the National Assembly.
Local experts believe Castro will end the requirement of exit visas (for Cubans on the island), entrance visas (for Cubans living overseas who return home) and the legal status of “permanent emigrant.”
Those who are deemed to have left illegally (permanent emigrants) in essence are classed as defectors, their homes and assets seized.
Cubans can already leave the country in theory but only when they have received a letter of invitation from overseas. Then, they have to file for permission for an exit visa, just at the start of a maze-like bureaucratic process that costs about 500 dollars.
They also need entry visas from countries to which they would travel.
That might not all sound so insumountable in wealthier countries. But workers in Cuba — doctors and streetcleaners alike — make about 20 dollars a month.
So the system has kept travel painfully limited, year in and year out, from the Cold War through today, given that about one in six Cuban nationals lives abroad. Separation from family and friends makes the issue a highly emotional one in Cuba.
It also has drawn criticism from some rights groups about Cubans’ basic freedom of movement.
Since 2006 Raul Castro’s government has ended several unpopular restrictions. Among other things Cubans are now allowed to rent rooms in hotels geared to international tourism, sign cell phone contracts, and buy electric appliances.
In September, the government authorized Cubans to buy and sell cars, and this month private homes.
On August 1, Castro announced that there would be forthcoming easing of travel restrictions, which started fueling hopes.
“Everybody is waiting for that law (change) … really, nobody knows what is going to be approved,” said a more downbeat Adonis Gonzalez, 38, a driver who was waiting in line to get a Spanish (EU) passport as the grandson of a Spaniard, in order to be able to travel without fuss and high cost.
“Whatever gets approved on Friday, I don’t think anybody will be traveling anywhere Saturday,” he added skeptically.
But engineer Pena was trying to stay optimistic. He has only seen his mom once in 30 years, though she lives only a 30-minute flight away in Miami.
“If like they are saying, all of that is eliminated, my mom could come more often” to visit, Pena said, hopeful that she will have a chance to see his new baby boy, her new grandson.
If Havana makes the changes, they could be a stunning wake-up call to the United States, as they have potential to fuel a bilateral migration crisis.
As part of held-over Cold War policy, the United States still grants any Cuban who reaches US soil legal US residency on request. The United States does not have this policy for nationals of any other country.
With the US economy weak and the US presidential race in gear, the United States has not been planning a welcome for many thousands of new Cuban immigrants who soon may be calling, legally, by sea and by air.
This article is from http://tourism9.com/
“I hope Raul will remove the road block, and that we will be able to travel without so many problems. It would be a great Christmas gift,” said Luis Pena, a 37-year-old engineer whose mother has lived in the United States for 30 years.
Pena, optimistic and hopeful yet cautious about whether the travel freedoms so many Cubans want so badly will materialize, admitted: “I don’t have any of my old childhood friends around any more. They have all left.”
The Roman Catholic Church and regime-friendly musicians like Silvio Rodriguez and Pablo Milanes have joined a chorus of Cubans calling for an end to the rules, including one that penalizes “permanent emigrants” from the only one-party Communist regime in the Americas.
Observers in Havana say Raul Castro is widely expected to make the announcement in an address to the National Assembly.
Local experts believe Castro will end the requirement of exit visas (for Cubans on the island), entrance visas (for Cubans living overseas who return home) and the legal status of “permanent emigrant.”
Those who are deemed to have left illegally (permanent emigrants) in essence are classed as defectors, their homes and assets seized.
Cubans can already leave the country in theory but only when they have received a letter of invitation from overseas. Then, they have to file for permission for an exit visa, just at the start of a maze-like bureaucratic process that costs about 500 dollars.
They also need entry visas from countries to which they would travel.
That might not all sound so insumountable in wealthier countries. But workers in Cuba — doctors and streetcleaners alike — make about 20 dollars a month.
So the system has kept travel painfully limited, year in and year out, from the Cold War through today, given that about one in six Cuban nationals lives abroad. Separation from family and friends makes the issue a highly emotional one in Cuba.
It also has drawn criticism from some rights groups about Cubans’ basic freedom of movement.
Since 2006 Raul Castro’s government has ended several unpopular restrictions. Among other things Cubans are now allowed to rent rooms in hotels geared to international tourism, sign cell phone contracts, and buy electric appliances.
In September, the government authorized Cubans to buy and sell cars, and this month private homes.
On August 1, Castro announced that there would be forthcoming easing of travel restrictions, which started fueling hopes.
“Everybody is waiting for that law (change) … really, nobody knows what is going to be approved,” said a more downbeat Adonis Gonzalez, 38, a driver who was waiting in line to get a Spanish (EU) passport as the grandson of a Spaniard, in order to be able to travel without fuss and high cost.
“Whatever gets approved on Friday, I don’t think anybody will be traveling anywhere Saturday,” he added skeptically.
But engineer Pena was trying to stay optimistic. He has only seen his mom once in 30 years, though she lives only a 30-minute flight away in Miami.
“If like they are saying, all of that is eliminated, my mom could come more often” to visit, Pena said, hopeful that she will have a chance to see his new baby boy, her new grandson.
If Havana makes the changes, they could be a stunning wake-up call to the United States, as they have potential to fuel a bilateral migration crisis.
As part of held-over Cold War policy, the United States still grants any Cuban who reaches US soil legal US residency on request. The United States does not have this policy for nationals of any other country.
With the US economy weak and the US presidential race in gear, the United States has not been planning a welcome for many thousands of new Cuban immigrants who soon may be calling, legally, by sea and by air.
This article is from http://tourism9.com/
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