#bank loans for startups

[finprestigeconsult]

In the ever-changing landscape of 2024, finding stability and security can feel like an uphill battle. However, amidst the chaos, there shines a beacon of hope: FinPrestige. With our unwavering commitment to excellence, our dedication to our client’s success, and our promise of the best rates on home loans, we stand ready to help you navigate the challenges ahead and secure your financial future.

[phantomrose96]

If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.

(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)

Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.

Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.

Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and

But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.

So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.

But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.

But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.

So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.

You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.

The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.

Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.

Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.

You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.

Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.

Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.

Never mind that last part.

And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.

Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."

To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.

It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.

So I guess to reiterate on my earlier point:

Drowned rats. Swimming to the one ship in sight.

[alomaniya]

Top Non-Banking Financial Companies Offering Startup Loans for New Businesses

In the ever-evolving world of business, startups are becoming increasingly prevalent as aspiring entrepreneurs strive to bring their innovative ideas to life. However, one of the biggest challenges faced by new businesses is securing the necessary funding to get off the ground. This is where non-banking financial companies (NBFCs) play a crucial role in providing startup loans to support these budding ventures.

Unlike traditional banks, NBFCs are financial institutions that offer a wide range of financial services, including loans, to individuals and businesses but do not hold a banking license. This gives them the flexibility to cater to the specific needs of startups and offer more personalized loan products that may not be available through traditional banking channels.

When it comes to securing startup loan for new business, NBFCs are an attractive option for entrepreneurs looking for quick and hassle-free financing. These companies understand the unique challenges faced by startups and tailor their loan products to meet their specific requirements, providing a much-needed lifeline for budding entrepreneurs.

Here are some of the top non-banking financial companies that are leading the way in offering startup loans for new businesses:

LendingClub: LendingClub is a peer-to-peer lending platform that connects investors with borrowers, including startups looking for funding. The company offers unsecured personal loans for business purposes, making it an attractive option for entrepreneurs who may not have a strong credit history or collateral to secure a traditional bank loan.

Prosper: Prosper is another peer-to-peer lending platform that provides personal loans for new businesses.850Starting a new business can be an exciting but challenging venture. One of the biggest challenges entrepreneurs often face is securing the necessary funds to get their business off the ground. Traditional banks may not always be the best option for new businesses, as they often require extensive documentation and have strict lending criteria. This is where non-banking financial companies (NBFCs) come in.

NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. They offer a variety of financial products and services, including startup loans for new businesses. These companies are often more flexible and quicker in their lending process compared to traditional banks.

If you are a new business owner looking for a startup loan, here are some top NBFCs that offer personalized loan options for new businesses:

LendingClub: LendingClub is a peer-to-peer lending company that offers personal loans for new businesses. They have a simple online application process and quick approval times, making it easy for new entrepreneurs to access the funds they need. LendingClub also offers competitive interest rates and flexible repayment terms, making it a popular choice for many startups.

Prosper: Prosper is another peer-to-peer lending platform that offers personal loan companies for new businesses. They have a straightforward application process and offer loans ranging from $2,000 to $40,000. Prosper also has competitive interest rates and allows borrowers to choose their repayment terms, making it a convenient option for new entrepreneurs.

OnDeck: OnDeck is a leading online lender that specializes in providing loans to small businesses. They offer short-term loans and lines of credit to new businesses, with loan amounts ranging from $5,000 to $250,000. OnDeck has a simple application process and quick funding times, making it a popular choice for startups in need of fast cash.

Kabbage: Kabbage is an online lending platform that offers lines of credit to new businesses. They provide lines of credit up to $250,000 with flexible repayment terms and no hidden fees. Kabbage also has a quick and easy online application process, making it a convenient option for new entrepreneurs.

Funding Circle: Funding Circle is a peer-to-peer lending platform that offers term loans to new businesses. They provide loans up to $500,000 with competitive interest rates and flexible repayment terms. Funding Circle is known for its quick approval times and excellent customer service, making it a top choice for many startups.

When looking for a startup loan for your new business, it is essential to consider your specific financial needs and choose a lender that offers personalized loan options. Non-banking financial companies like LendingClub, Prosper, OnDeck, Kabbage, and Funding Circle are excellent choices for new entrepreneurs looking for fast and flexible funding options. With their easy application processes and competitive interest rates, these NBFCs can help you get your business off the ground and on the path to success.

[digitechnology]

Accounting and Audit

Blockchain's transparent and immutable ledger promises a trans formative shift in accounting practices. With blockchain, financial records become easily accessible for auditing purposes, enhancing compliance and operational efficiency.

Borrowing and Lending

Blockchain significantly enhances credit assessments and mitigates the risk of bad loans. By enabling secure sharing of verified customer data among banks, it streamlines processes like syndicated lending, reducing redundancy and accelerating transactions.

Trade Finance

The digitisation of trade finance through blockchain can replace outdated, paper-based systems. This modernisation enables faster, more secure, and transparent global transactions, fundamentally transforming traditional trade finance methods.

Trading and Settlements

Blockchain's decentralised framework is poised to revolutionise trading and settlements. By removing the need for central clearinghouses, blockchain technology facilitates quicker, more accurate transactions with reduced errors.

Fundraising

Blockchain introduces innovative fundraising options, including Initial Coin Offerings (ICOs) and Security Token Offerings (STOs). These methods offer startups new ways to raise capital, expanding beyond traditional banking avenues.

Adopting blockchain across these banking functions can lead to a more efficient, transparent, and technologically advanced financial ecosystem.

[klubwork]

Starting A Business? Here’s How to Get an MSME Loan for Startup Business

Starting a new business venture often requires financial support, especially for Micro, Small, and Medium Enterprises (MSMEs). Securing an MSME loan can be a pivotal step towards realising entrepreneurial dreams. Here’s a comprehensive guide on how to navigate the process and obtain an MSME loan for startup business.

Understanding MSME Loans

MSME loans, particularly those offered by the government, are designed to provide financial assistance to small and medium enterprises at favourable terms. These loans cater to various needs such as msme working capital loan, expansion, equipment purchase, and infrastructure development.

Eligibility criteria and documentation

Before applying for an MSME loan, it's crucial to understand the eligibility criteria. Typically, businesses must be registered as MSMEs under MSME new guidelines by the government. Documentation requirements include business registration certificates, financial statements, project reports, and a detailed business plan outlining the utilisation of the loan for MSME by government.

Steps to obtain an MSME loan

Research Loan Options: Explore different MSME loan schemes offered by both government agencies and private banks. Government-backed loans often feature lower interest rates and relaxed eligibility criteria, making them particularly attractive for startups.

Prepare a Comprehensive Business Plan: A well-structured business plan not only demonstrates the viability of your startup but also enhances your credibility as a borrower. Include financial projections, market analysis, and a clear outline of how the MSME loan for startup business will be utilised to achieve business objectives.

Apply for the Loan: Approach banks or financial institutions like Klub that offer MSME loans, especially if you’re looking for working capital loan for MSME or funding for expansion. Ensure all required documents are organised and submit your application along with the business plan. Many banks now facilitate online MSME loan applications, streamlining the process for entrepreneurs.

Follow-Up and Negotiation: After submitting your application, stay proactive in following up with the lender. Be prepared to negotiate terms based on your business's specific needs and financial situation. This approach can be particularly effective when seeking an MSME unsecured loan.

Tips for success

Maintain Good Credit History: A strong credit score enhances your chances of loan approval.

Seek Professional Guidance: Consider consulting with financial advisors or MSME consultants to navigate the loan application process effectively.

Utilise Government Schemes: Take advantage of government initiatives offering subsidised interest rates and extended repayment periods for MSME loans.

Conclusion

In conclusion, obtaining an MSME loan for startup business requires careful planning, thorough documentation, and proactive engagement with lenders. By leveraging government schemes, understanding msme new guidelines, and exploring various loan options, entrepreneurs can secure the financial support needed to kickstart and sustain their businesses. Whether it’s a micro SME loan for initial setup costs or a MSME loan for new business by government, MSME loans play a crucial role in nurturing the entrepreneurial ecosystem. Startups should capitalise on these opportunities to fuel growth, innovation, and job creation in the economy.

[naijabullet]

SMEDAN Sterling Bank Loan Application Guide for Business Owners (Get up to N2.5M For Your Business)

The Sterling Bank of Nigeria and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have partnered to launch a N5 billion loan program that is designed to empower small and medium-sized enterprises (SMEs) across Nigeria. The SMEDAN Sterling Bank Loan is an offer of single-digit interest rates and flexible repayment terms, making it an attractive option for SMEs looking to…

[finchasefly]

ADVANCES IN FINANCE: UNLOCKING YOUR FINANCIAL POTENTIAL

Every business requires a substantial quantity of money. Which is vital for every company. It is not possible to vacillate a large amount of money, so he or she needs a source of money. So he has to find the appropriate financial institution or bank for the source of money. For the business owner, advance can be the source of finance which is mainly provided by the bank for companies.

Definition of advances in finance

The landing of money by a Lander or a loaned to be a quick one with a set quantity in interest. Formal contract between lender and a bank to offer a set amount of credit for a certain time period, also known as the advances in finance.

Usually the advance can be short term borrow. In this format they have less legal formalities. When the bank gives advances to clients via overdraft or loan account, this is known as credit by bankers.

What is advance rate 

An advance rate is a percentage of the  value Which  is determined by   the bank for the borrower. In different banks, the advance rate is different Which is dependent on borrowed value. The advance rate’s malfunction is the same as the loan value ratio. If a borrower has an advantage rate of 25% and the Present value is $100000 then the maximum advance the borrower can receive $ 25000.

Various types of bank advances

Commercial banks invest their funds in various profitable projects. Commercial bank usually granted which amount of advances is That Given below:

Loan: An advance granted by a bank by opening a loan account for a fixed term by pledging immovable property or debentures as collateral is called a loan. Borrowers can withdraw  through such advance checks at one time or at various times as per requirement. The interest rate on such loans is high and interest starts accruing after transfer as loan. Present day long term and medium term loans are known as loans.

For loans of this kind, there is a charge for interest for the loan. Loans are repaid by current accounts. Interest rates for these loans are very high. Bank cost in providing such loans is relatively low. The interest rate on such days is lower as compared to other loans. People can easily collect such loans.

2. Cash : Commercial banks pledge the goods of traders and grant them advances called credit accounts. Borrowers can withdraw such amounts repeatedly up to a specified period. Banks usually  don’t provide such loans to customers.

Generally only cash loans are given to clients who have integrity and trustworthiness Borrower can withdraw the sanctioned loan amount in lump sum or in part. By providing such loans, the income of the bank increases. Such loans are repaid in instalments or lump sum. By providing such loans, the good relationship of the bank is developed with the honest and trustworthy businessmen. Customer good behavior Play Bank can give loan to the customer up to a long time through the same.

3. Bank overdraft : As a bank depositor, if the bank gives an opportunity to withdraw the extra specified amount of money, then this principle is called a deposit loan against security. Interest has to be paid on it but only the money has to be paid in print. Businessmen prefer overdraft loans. This type of loan is provided against such security. In case of this type of loan, the bank gives the opportunity to withdraw the excess amount deposited in the current account, but the limit of the excess amount is fixed.

Businessmen have to raise short-term financing needs. Loans can be repaid conveniently. loans can be raised in lump sum or in part.

Conclusion

So ,advances in finance are very  important for businessmen to spread their Business. On the other hand , advances in  finance are also significant for banks. Because It is a golden opportunity for them to earn profit.

[finprestigeconsult]

Invoice Financing in Singapore- FinPrestige: Your Trusted Financial Partner

Looking for reliable Invoice Financing in Singapore? FinPrestige offers invoice financing options in Singapore that will help you maximize your business’s potential. FinPrestige is a trustworthy financial partner that provides specialized invoice financing services to meet the unique needs of businesses across a variety of industries.

Businesses can leverage their accounts receivable to obtain instant cash flow through invoice financing. FinPrestige is aware of how crucial it is to keep cash levels high for ongoing operations and corporate expansion. Businesses may easily handle day-to-day expenses, take advantage of development possibilities, and fulfill orders by converting unpaid bills into working capital through a smooth process.

FinPrestige, a Singapore-based financial expert, offers personalized solutions for clients, focusing on transparency, efficiency, and reliability, ensuring peace of mind and accelerated growth. FinPrestige is your trusted financial partner. Contact us today for tailored solutions.

[creditmoney]

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Expert Team: Our experienced financial professionals offer expert guidance and insights.

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Proven Success: Our track record of achieving client financial objectives speaks for itself.

Cutting-Edge Tech: We leverage advanced fintech for efficient and user-friendly services.

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Education Focus: We empower you with knowledge and clear communication.

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[keedabankingnews]

10 Best Cashback Credit Cards in world

10 Best Cashback Credit Cards in world Banks today bring several offers for their users to earn points and rewards on their credit card purchases. These points in the form of cash backs or rewards can be redeemed sooner or later. This is mostly a particular percentage of the total purchase that gets credited as cashback. However, different banks offer different rewards and schemes for their users. Here is a listing at loanbaba.com of best 10 credit cards that bring you the highest and the best cashback offers:

ICICI Instant Platinum Card ICICI Bank offers the Instant Platinum Card to its first-time users. No matter what your credit score and history has been, this card allows you to create a new history once you start using it frequently. One can avail this card against a fixed deposit made with the bank. Obviously, you must also have a savings account with the bank. Thus, the ICICI Instant Platinum Card is one of the best cashback credit cards for people with no salary such as students and homemakers. The features and benefit one gets on this option are:

Best Cradit cards=- READ MORE>>

Two payback points on every purchase of Rs. 100 from the card. Rs. 100 off on two movie tickets every month booked from www.bookmyshow.com 15% off on over 800 tie-up restaurants in 10 cities of the country. 2.5% fuel surcharge waiver on spending of at least Rs. 4000 at any HPCL petrol pump. Easy admittance to global card replacement and emergency support facilities.

Standard Chartered platinum credit card features The Standard Chartered Platinum credit card is an ideal choice for salaried people to comply with multi-purpose credit needs. It is apt for users who are frequent online shoppers. The features and benefits of these cards are as follows:

Earn 1000 points on making transactions within 60 days of receiving the card. Earn 20% cashback on Uber rides Earn 500 extra points on registering for online banking. Earn one reward point for every spend of Rs. 150 from the card Get five bonus points for every spending of Rs. 150 on fuel. Receive 5 Reward points on spending of every Rs. 150 on dining.

SBI simply click credit card SBI simply click credit card is an exemplary choice for frequent shoppers who do not prefer making an annual fee payment. Though a minimal fee is charged on the card, one can get rid of the same if they spend over 1 lakh from the card. These cards are also eligible for special deals on the online stores such as Flipkart, Amazon, MakeMyTrip and Clear trip. The features and benefits of these cards are:

Earn 10x Reward point on shopping through online stores such as Amazon, BookMyTrip, Fabfurnish, Ola, Foodpanda, Zoom car, Lenskart, etc. Shopping from all other online stores fetch you 5x reward points. Earn a welcome gift voucher from Amazon worth Rs. 500. Spending Rs. 1 lakh not just gets you rid of annual pays but also gains you a voucher worth Rs. 2000 from Cleartrip. Spend Rs. 500 or more and get 2.5% fuel surcharge waived.

Citibank Cashback credit card Do you prefer paying bills online rather than standing in long ques? Do you watch movies frequently? Then Citibank cash back credit card is the apt choice to make. However, individuals who wish to apply for Citibank Cashback credit card require a real history as it has been realised that the bank is strict on their applications and rejects almost 80% application due to low credit scores. The credit card benefits offered by Citibank are:

Earn 5% cash back every time on movie tickets. Earn 5% cash back on payments of utility bills. Earn 5% cash back on payments of telephone bills. Earn 0.5% cash back on all other spending.

American express membership rewards credit card The American Express offers Membership Rewards Credit Card to its customers that can be used for a variety of payments. Unlike other cards, there is no predefined credit limit making it a flexible option for vast spenders. The card holders receive 1 reward point for every purchase of Rs. 50 except for any transaction in utilities, fuel, insurance and cash transactions. Despite the fact that the annual fee for the credit card is higher than other credit cards, this card is surely worth for the following reasons:

You earn 4000 reward points if you make 3 transactions using the card in the first 2 months of availing the membership and payment of annual fee. Also, get 1000 bonus points if you make at least 4 transactions of minimum Rs. 1000 every month. Earn 5000 Membership points on the renewal of the card with the annual fee payment at the end of the initial year. The same gets credited within 90 days of which the renewal has been made. Get 3% cash back on all petrol pumps in the country. Making a big purchase? You get an easy EMI option through the credit card Reward points available for redemption on 24 and 18 carat gold collection. Some more benefits to earn if your travel bookings are done through MakeMyTrip.com

Citibank Premier Miles Card Citibank offers the premier miles card for its customers who are frequent travellers. One can enjoy attractive offers on online shopping and largely on travel bookings online. One can access airport lounges not only in the country but across the entire globe. This credit option is suitable for people who spend over 2 lakhs every year on their travels. However, customers are expected to have high credit scores for the bank rejects a huge number of applications every year. The reasons why you should apply for this option are:

Earn 10000 miles when you activate your card Earn 10 miles on every spending of Rs. 100 in an airline transaction. Earn 10 miles on every Rs. 100 spend on travels and hotel bookings made by www.premiermiles.co.in. You can redeem these miles in over 100 domestic and international airlines.

HDFC Bank Money Credit Card Citibank offers the premier miles card for its customers who are frequent travellers. One can enjoy attractive offers on online shopping and largely on travel bookings online. One can access airport lounges not only in the country but across the entire globe. This credit option is suitable for people who spend over 2 lakhs every year on their travels. However, customers are expected to have high credit scores for the bank rejects a huge number of applications every year. The reasons why you should apply for this option are:

Earn 2 reward points on every spending of Rs. 150. The bonus points double in case of online transactions. The reward points are received as a cash back to the card. Every 100 point fetches you Rs. 30. Waive your surcharge on Rs. 250 per billing cycle. Save up to Rs. 1800 every year on fuel transactions If you spend Rs. 10,000 in the first 90 days of receiving the credit card, you can reverse your annual fee for the initial year. Consequently, spending of Rs. 50000 will reverse your renewal fee if the same is made before the renewal date.

HDFC Solitaire Credit Card HDFC brings another credit card option with attractive offers and saving options for the frequent shoppers. It gets you amazing deals on dining, fuel expenses, departmental stores, etc. There is a nominal joining fee but a great saving option for frequent shoppers. The features and benefits of the HDFC Solitaire credit card are:

A wellness package from Thyrocare as a welcome bonus in the first year. 1000 reward points as the renewal bonus in the second year after you renew your card. Earn 3 bonus points on every pay of Rs. 150 from the card. You also get 50% additional points on grocery and dining expenses. Get a Rs. 1000 worth shopping voucher from Shoppers Stop if you've spent Rs. 75,000 within 6 months. Opportunity to win reward points across the domestic airlines. Waive your fuel surcharge at selected petrol pumps throughout the city.

SBI Signature Credit Card The state Bank of India has composed an SBI Signature Credit Card for people who are frequent shoppers and look forward to saving on the same. SBI along with being one of the best banks in India, it associates a huge number of offers with this card. The significant benefits one can avail through this card and save on their purchases are:

E-gift voucher worth Rs. 5000 along with a welcome gift from Bata, yatra.com, shoppers stop, hush puppies, west side, Marks and Spenser. Get 2 reward points on every Rs. 100 when you pay through Signature credit card. Earn 5x points on grocery, departmental stores, international spends and dining Waive 2.5% fuel surcharge on all the petrol pumps in India. Earn extra 10,000 points if you spend over Rs. 4 lakh and 20,000 points if you spend over 5 lakh in a year. Get a discount of Rs. 500 on two ticket bookings every month through bookmyshow.com Get 75% discount on over 55,000 hotels and villas around the world. Get 24 x 7 concierge services around the globe.

American Express Payback Credit Card This is again a reward paying credit card which is tied up with several departmental stores across the country to fetch its users' huge discounts. It offers attractive rewards on dining, online shopping, travel, fuel offers and welcome vouchers. The features and benefits tied up with the American Express Payback Credit card are:

Earn 3 payback points on spending Rs. 100 except on insurance, cash transactions, utilities and fuel. Earn more points from over 40 payback partners. Receive welcome vouchers of Rs. 3000 on getting this card. Spend Rs. 15000 or more within 60 days and get 900 bonus points on the card. Enjoy huge discounts on travel, dining and shopping. Get discounts up to 30% and 5% cash back on over 1200 restaurants each time on Dineout.

[ennovance]

Relatively high office vacancy in the med, ed, gov. city— #Philadelphia ?

Philly office vacancy = 22%

San Francisco vacancy = 23%

Chicago vacancy = 22%

Washington DC = 18%

Manhattan = 17%

💰‘Domestic Offshoring’ Sends Low-Wage Jobs Out of Key US Cities

• Orlando, Phoenix, Las Vegas saw increase in call-center roles


• Denver, Austin among cities with big uptick in top executives

https://www.bloomberg.com/news/articles/2023-05-27/-domestic-offshoring-sends-low-wage-jobs-out-of-key-us-cities

#news #philadelphia #phl #philly

#commercialrealestate #CBRE #CRE #philly #cmbs #wfh @PhillyInquirer @PHLBizJournal @Bloomberg #city

👨‍💻The Bay Area has almost 7x as much VC investment as the second biggest US startup hub, NYC.

#investor #ennovance #jobs #wages #productivity #growth

[losangelesnewsfeed]

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