Tag: Secure

Find the Most Secure Email to Protect You and Your Sensitive Information #the #most

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Email Security: What Can Go Wrong

No matter how much you trust the reader on the other end of your sent email not to forward your information to others and not to use your information to some other purpose than what it is intended for, email security is a real issue, and problem, for many individuals and companies. By not paying attention to email security, you run a risk for identity theft, data loss, damage to your reputation, and sometimes, in rare cases, real danger of bodily harm. It is important, therefore to be sure that no matter what email service you provide, you pick out the most secure email service you can find.

What to Look For in Secure Email Services

It is important that before you sign up for any email service you investigate the different security features it offers. You also will need to assess the security level you will need in your email service provider. For example if you rarely deal with sensitive issues or client data, you may be able to get away with Gmail as your email service provider. However, be aware that Gmail has been noted to have some privacy issues – this means that your information may not be as secure as you would like it to be. Once you’ve determined the level of security you will need in your email program. it will be easier for you to assess how secure your current email service provider is.

More secure email services will feature:

  • IMAP instead of POP downloading protocol options
  • Encryption
  • Spam filters and controls
  • Phishing detection
  • Virus scanning upon attachment of files and upon download of files
  • Https:// and not Http:// coding

Generally speaking, the more complex the encryption process of the email service provider, the more secure your email should be. Never, never use an email service that is not secure. If you do, you are only asking for problems.

So. What is the Most Secure Email Service?

The most secure email service is a program called Hushmail (www.hushmail.com). Hushmail provides several security features:

  • Eavesdropping prevention through encrypting your emails
  • Protection from content analysis
  • Protection from hackers and thieves
  • Protection from email forgery

Hushmail can be used with email clients, and the program features a download that makes it compatible with Microsoft Outlook. You can also, for $1.99 per month have an email address that has your custom domain name – not bad for secure email.

Other secure email services include S-Mail, a program that uses military level encryption technology to protect your data, Comodo. a service that simplifies the encryption process, and Gmail – which now uses https technology; however be aware that with Gmail, your email is only secure when sent to other Gmail users.


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OHosti – Best Free Unlimited Hosting cPanel – Powerful Unlimited Free Reseller Hosting WHM

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Free Unlimited Hosting cPanel

Free Unlimited WHM Reseller Hosting

Free Domain Name !

Free VPS Hosting (90 Days)!

OHosti Powerful Features!

Free Unlimited Web Hosting Features :

Flexible, Easy to Use Control Panel . Unlimited Bandwidth. Unlimited Sub Domains, FTP Accounts, and Email Accounts. 99.9% Uptime Guarantee Build your website using the latest languages including PHP, Ruby, PERL, Python, PostgreSQL, MySQL and more. We also provide SSH access on all Business Hosting plans and have enabled WP-CLI for easy WordPress management.

Why is Our Free VPS Hosting different than Shared and Dedicated?

With our OHosti VPS, you get an entire server. This is optimal for people that have very high traffic to their websites or need to setup their server in a very specific way. Not everyone needs to have a fully dedicated web server however. If you’re just getting started with your website, you can save quite a bit of money if you get a free small portion of the server. Shared hosting is when you share a portion of the server with other users rather than rent an entire server to yourself. If you are considering a dedicated server and are unsure if it is right for you, perhaps you will need to get Free VPS Hosting.

What is our free reseller hosting included?

Everything you need to get started is included in our Reseller packages for a single, no price (free) :

Free cPanel:
Unlike other hosting companies, we never charge you or your clients a fee to manage the content and setup of their websites. cPanel makes that easy.

Free Domains Resales:
Not only can you sell web hosting, our Reseller Program also gives you the ability to sell domain names.

IMAP, POP, SMTP Email:
We offer a variety of email protocols, meaning your clients can check emails anywhere, on any device, easily.

Free Backups and Installers:
We include the Softaculous auto-installer totally Free, so you and your clients can set up websites at the click of a button, and we back your sites up every 24-36 hours, automatically.

Frequently Asked Questions?

Why is it all free on OHosti? How do you earn?

We’ve been providing leading free cPanel hosting services with No Ads. All this is made possible by our Paid Dedicated Servers services, including upgrades for those who need more room for growth, as well as donations from our community of users.

How long will your hosting be free?

Forever! We have provided Paid Servers services since 2010 and we have been in free hosting business since 2009.

What are your guarantees?

1. Our hosting will always be 100% free!

2. We own all our servers and locate them in high quality data centers, so no one can shut down or reload any server with your data.

3. We utilise dedicated connections to ensure we can provide enough bandwidth for all our users.

Free Domain Name Privacy

Did you know that whenever a domain name is registered, The Internet Corporation for Assigned Names and Numbers (ICANN) requires your personal information be published in the WHOIS database? This includes your mailing address, phone number and email address!

With Domain Privacy Protection from OHosti Hosting we will make our information available to the public instead of yours. This can help protect you from potential spammers, telemarketers and even identity thieves. This wouldn’t cost you any thing only $0.00 annually! (Fully Free). Otherwise we would have to use the information we currently have on file for your account.

Your name will remain as the registrant contact so that you retain complete ownership of the domain.

You can register a free .com. net. org. tk. ml. ga. cf. gq (including Special Domains).

Domain Privacy Protection is available with all hosting accounts, including shared hosting, vps hosting, and our dedicated servers.

Create New Website?

Build your website in 4 easy steps:

  • 01 Login to Site Builder
  • 02 Select Web Template
  • 03 Publish to your hosting account
  • 04 Select web template search etc.

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Dash Cams #secure #cams


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Rand McNally Dash Cams

Rand McNally s line of dash cams pair top-of-the-line safety features with extra-wide camera angles and HD video. All of the dash cams feature:

  • Rugged mount – Installs easily on a driver s windshield
  • Night mode – Night mode activates automatically, so you ll always have a record of what happens on the road
  • Time lapse and still photo options – Create a record of your entire journey
  • G sensor – Detects collisions and triggers the dash cam to save the video file rather than looping over it

Videos

Rand McNally Dash Cam Line

Dash Cam 300 Daytime Footage

Dash Cam 300 Nighttime Footage

Dash Cam 300

Our highest end dash cam offers collision and lane departure warning along with a 2-inch screen and a built-in GPS for video location tagging. It also includes

  • 16 GB SD card
  • Super HD video
  • Extra-wide angle with minimal distortion
  • Automatic night mode
  • Time lapse video
  • G sensor which automatically saves videos of collisions
  • Secure rugged mount

Dash Cam 100

The Dash Cam 100 pairs compact design with high-quality video. Whether recording a traffic incident or a sunset, the Dash Cam 100 is your go-to device.

  • 4 GB SD Card
  • 1.5 inch screen
  • HD video
  • Extra-wide angle with minimal distortion
  • Night mode adjusts automatically
  • Time lapse shows key moments from your drive
  • G sensor automatically saves videos of collisions
  • Secure rugged mount

Specs

  • 1.5 inch screen size
  • 4 GB memory card
  • Full HD 1920x 1080 resolution
  • 2 inch screen size
  • 16 GB memory card
  • Super HD 2560 x 1080 resolution

Box Contents

  • Dash Cam
  • microSD Card
  • Suction Cup Mount
  • Vehicle Charger
  • USB Cable

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TaskCracker – Microsoft Outlook Task Management Addin, secure task.#Secure #task


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TaskCracker for Outlook

Microsoft Outlook Task Management Addin

Secure taskSecure taskSecure taskSecure taskSecure taskSecure task

dramatically improve your daily work experience

Secure task

  • Balance urgent and important tasks with a visual matrix
  • Create agenda for Today in seconds: just drag and drop tasks
  • Plan the whole week to address both urgent and important activities
  • Appears in native Outlook interface
  • Works with native Outlook tasks and emails
  • Supports colored categories
  • Allows multiple email accounts
  • Outlook 2003 2016 supported

      Secure task

      Secure task

      • Launched in one click from Outlook
      • Fast start-up and performance
      • Installed in a blink
      • Fine tuned for large number of tasks
      • 100% secure and reliable

      Secure task

      Financial Officer, Tableland Respite Care Association Inc

      Secure task

      Principle Scientist, Global Products Research, Procter & Gamble

      Get notified about latest product updates

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task

      Secure task


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    NetFTP: Hosted SFTP #hosted #secure #ftp


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    NetFTP. Hosted SFTP/FTPS/FTP

    Super Fast SSD Storage for High Peformance

    If your disk isn’t fast, you can have all the bandwidth in the world and it won’t matter. Many solutions out there use an object storage solution which is slow (make sure you check before you buy). NetFTP’s hosted service uses fast solid state drives and a real filesystem.

    Connect how you want with FTP, SFTP or FTPS

    NETFTP supports secure SSH connections. Username/password authentication or public/private key authentication for password-less logins. FTP over SSL Explicit mode (FTPES), and FTP over SSL Implicit mode. Support for client authentication certificates. Works with just about any FTP client.

    Secure Data Exchange between Businesses, Groups and People

    NetFTP is perfect solution for securely exchanging data with your customers or vendors. Since it is cloud hosted, data is accessible to your clients from anywhere in the world without having to expose your corporate firewall. Each user has their own private secure account and storage folder or can be set up to share.

    Long Term Archival Storage

    NetFTP is great for long term storage of historical data, documentation or multimedia files. Securely archive raw production data, aged-off historical warehouse data, or both using inexpensive, off premise storage while ensuring that data is still readily available to meet your customer, corporate or regulatory data retention requirements.

    World Class Safe, Secure and Certified

    NetFTP hosted services are sourced from SOC1/ISAE 3402 Certified Enterprise Class A Data Centers which are engineered to provide the most reliable, scalable and secure solutions in the Industry. ISO 27017:2015 Certified with 7/24/365 monitoring. Audited by an independent Auditing Firm.

    Audit Compliance

    Provide instant audit compliance for a fraction of the cost of keeping data online in your data warehouse or live repository and unlike tape, the data is always available and at your fingertips. Since our FTP based services are hosted in the cloud your data is easy to access.


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    5 Tips for Using Collateral to Secure a Small Business Loan #business #loan #calculator


    #secured business loans

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    Here’s a fundamental truth of any organization: you need cash to help grow your business. Whether you’re a start-up, a sole proprietorship, or a limited liability corporation, getting a small business loan will be one of your top priorities if you’re looking to expand your company’s potential. But before you receive funds from a bank, a lender will scrutinize both you and your business to see if you’re a viable borrower.

    A bank will look at your company’s history, business credit, revenues, balance sheet, and your equity contributions. If you pass a credit check and you operate a healthy business, most banks will also require an additional, and tangible, guarantee that their loan will be repaid: collateral.

    Collateral assets come in many forms. Defined by the Small Business Administration, collateral is “an additional form of security which can be used to assure a lender that you have a second source of loan repayment.” Most commonly, collateral is real property (i.e. an owner-occupied home), but it can also be represented by your business’s inventory, cash savings or deposits, and equipment. In order to structure a loan that benefits both you and your business, you’ll need to make the right decision about what you offer up as collateral to the bank. It’s also important to be realistic when considering the risks of defaulting on a loan, which could have harsh consequences for not only your business, but for your personal life, too.

    Editor’s Note: Looking for loan solutions for your business? If you would like information to help you choose the one that’s right for you, use the questionnaire below to have our partner, BuyerZone, provide you with information for free:

    Below are a few tips on how you can use your assets as collateral, and how you can mitigate the risks associated of defaulting on a loan.

    1. Keep Detailed Records of your Asset’s Worth

    Banks are notoriously conservative about valuing a borrower’s assets for collateral. After all, if the borrower does default, the lender must expend resources to take the asset, find a buyer, and sell it.

    Jeff Allen, the director of operations for Trendant, a small business consulting firm based in Salt Lake City, says that one of the most common mistakes business owners make about collateral is they think it’s worth a lot more than it actually is. “They’re considering what they paid for it, and the banks only consider the fair market value of today,” he says.

    If you’re not sure of what your assets might be worth, it could be worthwhile to find an independent appraiser to give you an idea of how the bank will value your property.

    Besides for simply knowing your asset’s worth, it’s critical to keep detailed records of your assets on your balance sheet. When a bank is reviewing your business documents, they’ll want to see that you’re paying careful attention to all of the relevant factors. This is usually simpler than you think. “In keeping records, businesses tend to overcomplicate,” says Allen. “They think there’s some magical solution that the big boys use. The bottom line is that an Excel spreadsheet with a couple of line items is all you need.”

    2. Know What You Can Use as Collateral

    Essentially, there are two different types of collateral: assets that you own, and assets that you still have a loan against. If you still have a loan on the asset, (e.g. a mortgage for a house) the bank will be able to recoup the loan by refinancing your loan from the institution you have the loan against, and claim the title.

    A viable asset to use as collateral will have a title of ownership, and banks will only lend if they can get a title back, says Allen. Homes and cars are the most common forms of collateral, but you can also use watercraft, motorcycles, as well as pieces of equipment that have a title of ownership.

    Below are some relevant issues associated with each type of collateral that you should consider before approaching a bank for a loan.

    Real Property: Since the housing bubble burst, using real property as collateral financing took a huge hit. Denise Beeson, a commercial loan officer based in San Francisco, says that this has been a significant roadblock for small businesses seeking small business loans. “It’s devastating small business right now,” she says. “In the past they’ve used the equity in their home, and they don’t have any of that equity anymore.” Additionally, banks will not consider vacant land, or “dirt” as its referred to in banking, as viable collateral.

    Business Inventory and Accounts Receivable: Asset-based lending can be a great way to get a fast influx of cash to your business. For example, if your firm gets a big purchase order, you may not have the resources to meet the needs of the client without bringing on additional staff, equipment, or raw materials. In some cases, a bank will allow a company to use that purchase order as collateral. “It’s a little trickier to get,” explains Jeff Allen. “It might be more difficult because it’s harder to authenticate. but a bank will usually lend against that.”

    Cash Savings or Deposits: “Cash is always king,” says Allen. Using personal savings will almost definitely be allowed as collateral since it’s a low-risk loan for a bank. This also applies to CDs and other financial accounts. The advantage in using these accounts as collateral is that you’re guaranteed a low interest rate because it’s a secured loan. The disadvantage, clearly, is that if you default, the bank will take possession of your savings.

    3. Understanding the Risks

    Taking a loan using personal assets as collateral presents the risks of losing the assets in the event that you default on the loan. Therefore, it’s important to discuss the risks of using certain assets as collateral with a financial advisor, as well as people that could be affected by the loss of that asset.

    “Some business owners are highly risk averse, and I wouldn’t recommend putting some stuff up for collateral,” says Jeff Allen. “Because if you can’t pay it, they’re taking your car or home.”

    Be realistic about your company’s needs, and how the company will be using the funds. A financial advisor will help you assess the risks involved, as well as the odds of the loan being successful. “It comes down to being honest with yourself knowing your situation, and knowing what the funds will be used for,” says Allen. “If you really need the money, you might to find alternatives, because you might lose what you’ve leveraged.”

    Often, a limited liability company is formed to shield the business owner from these risks, but a default will inevitably still affect the owner, especially if he or she is the only shareholder.

    4. Negotiate When-;And If-;You Can

    If you’re a qualified borrower with a demonstrable history of good business credit, you should be able to secure a loan with commitments you are comfortable with. Remember, a business can always reject a lender’s offer and seek a loan from a different lending institution.

    Since banks tend to be exceptionally conservative when it comes to valuing your assets, it could be worthwhile to request an appraisal review, which is a report that comments on the accuracy of an appraisal. Similarly, a bank that does not require any collateral requirement will often charge extremely high interest rates. Be wary of predatory lending practices that could end up being expensive and harmful to your business.

    Dig Deeper: How to Build and Maintain Good Business Credit

    5. Consider Peer-to-Peer Lending

    If an asset-based loan isn’t ideal for your business, Denise Beeson recommends alternative methods of securing cash. Peer-to-peer lending is becoming an effective way for small businesses to drum up cash in the short run. “Because it is extremely difficult to get a loan based on existing collateral, a lot of borrowers are going to peer-to-peer sites to see if they can get some money from that mechanism,” she says

    While loans typically amount to less than $25,000, there’s often less red tape involved in obtaining a peer loan. Prosper.com. for example, allows borrowers to choose a loan amount, a purpose and then post a loan listing. Then, investors choose which loans they prefer to invest in based upon a series of criteria. Borrowers make fixed monthly payments to their investors, who receive the funds directly in their Prosper account.


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    8 of the Most Secure E-mail Providers #most #secure #hosting


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    8 of the Most Secure E-mail Providers

    You may not have anything to hide or be doing anything illegal but that doesn’t mean you’re going to be happy with other people reading your email. The Postal Service doesn’t open your mail and have a good read before they deliver your letter so why should the government or big business do the same to your email? With your security in mind, I have put together this quick list of eights of the most secure e-mail providers.

    Each provider ensures you receive as much privacy as possible. They do not collect data, scan your emails for the NSA or even allow the government to access server data. After Yahoo has been called out for installing special software to read your email, more people than ever before will be using secure email. The more the better!

    So here are eight secure email providers I think are worthy of your custom. Each offers a little something different, so there is bound to be one here that fits.

    1. ProtonMail

    ProtonMail says they were inspired by Snowden and that their datacenter is in the middle of a mountain in Switzerland. The service uses end to end encryption, two factor authentication and browser-side decryption so your email is about as safe as it gets. Once you log in, you see an encrypted mailbox. You enter a second password and the inbox is decrypted locally on your machine, not on the server. The servers are also based in Switzerland, where the NSA has no jurisdiction.

    ProtonMail also uses 2048 bit encryption for the data and AES-256 for transmission so your email is safe at all times.

    2. Tutanota

    Tutanota is another outfit that offers secure email to users. Instead of using PGP like most secure email providers, they use a purely custom solution that uses 2048 bit RSA keys and AES-128. It also offers iOS and Android apps and an Outlook plugin for maximum compatibility.

    Tutanota’s code is now open source and can be independently verified. It also allows non-Tutanota users to be able to read and reply to encrypted email, which is great if not everyone you know uses the service.

    3. Kolab Now

    Kolab Now is another Swiss-based secure email service but it comes with a premium. You do receive a 30 day trial, but after that you need to pay a nominal amount to continue using it. This is more a business-centric service that also offers chat, email, secure file storage and other enterprise features.

    Kolab Now doesn’t list exactly what security protocol it uses, just that it uses the latest, most secure of them. It is also based in Switzerland which is one of the last bastions of true privacy left in the world.

    4. Countermail

    Countermail also offers end to end encryption, 4096 bit keys, OpenPGP and other security protocols to keep email safe. Despite using a website from the 1990s, the service itself is highly regarded. The service also offers a USB dongle to provide a physical key necessary to decrypt emails. This sets it apart from others as long as you don’t mind the extra step.

    Countermail also uses diskless mail servers, which means they cannot save or record any data. So even if a request came in from a government agency, there is nothing for them to provide.

    5. Mailfence

    Another reputable secure email provider is Mailfence. Based in Belgium, this service is also highly regarded and secure. Like Kolab, Mailfence also offers document storage, contact hosting, calendar syncing and a range of other services. It also offers free and premium accounts with different feature levels.

    The service uses end to end encryption with two-factor authentication. It also has iOS and Android app compatibility and will work with most browsers.

    6. Posteo.de

    Posteo.de as the URL suggests is a German secure email provider. That said, the English translation is excellent and American users would have no problem using the service. It isn’t free, costing around $1 per month for 2GB of mail storage. However it does have IMAP and POP support, comes with two-factor authentication and allows anonymous signup. However, you can still be identified by your payment method unless you use cash.

    That said, this is mature service that is easy to set up and use and touts sustainable operation if you’re into that kind of thing.

    7. LuxSci

    LuxSci is a U.S. based secure email provider that offers both free and paid accounts. It has an advantage in that it also offers HIPAA-compliant email and messaging, which could be useful for company customers. The service uses end to end encryption, anonymous SMTP protocols, TLS, SSL and all the usual tools. There is two-factor authentication too for a little extra protection.

    LuxSci works with iOS and Android too for maximum flexibility. As this service is primarily for business, there are premium services available as well as email. It’s a good option for small to medium-sized enterprises who want to keep their data safe.

    8. SCRYPTmail

    Our final offering is from SCRYPTmail. It offers end to end encryption, including metadata, Grade A HTTPS transport, uses AES-256 encryption and a series of open source encryption protocols. It will also play nicely with external email users and will keep everything safe if you tick the box.

    It does look like SCRYPTmail is based in the U.S. but it uses strong encryption to keep it as safe as possible.

    Each of these secure email providers takes great care in protecting your data. Some make more of a song and dance about being outside the U.S. but this isn’t the only security consideration you need to take into account. What you do need to analyze is the amount and type of data the company retains, whether it uses true end to end encryption, what kind of encryption it uses and whether it has two-factor authentication or not.

    It is also useful is the service offers encrypted email capability to non-customers. So if you send an email to Outlook or Gmail, encryption is still available. Be aware that if you pay for a service, you can be identified by your payment method unless you secure that too.

    Do you already use a secure email service? Tell us about your experience below!


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    Welcome to Emantra – Australian Hosting and Cloud Services #cloud, #secure, #gateway, #government, #hosting,

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    Hosting

    Emantra hosts applications, platforms and infrastructure using the “as a service” model from premier data centres located in Australia. Your choice of physical or virtual machines, and dedicated or multi-tenanted software instances. Delivered through multiple diverse gigabit gateways certified to PROTECTED level to the internet, private network or VPNs. These high-availability services, from full-touch to low-touch, carry a financially backed SLA tailored to your critical requirements. Emantra’s customers, including many government agencies and large corporate entities, are drawn to its agility, service flexibility and the quality of its local care and attention.

    Cloud

    As an Australian Cloud Solution Provider partner of Microsoft, Emantra can curate and support your implementation of Office365, Skype for Business, Enterprise Mobility Suite and Azure. From guidance, discovery, benchmarking and recommendation to migration, testing, implementation and ongoing hand-holding at the level you choose. We manage these services using the same skills learned from ten years of private hosting and case study involvement with Microsoft. Partner with Emantra to benefit from the global scale and sophistication of Microsoft’s cloud combined with Australian compliance, productivity enhancements, integration and dedicated local support.

    Hybrid

    Emantra provides integration and satellite services to customers with a hybrid of on-premise, private hosting and public cloud computing resources. We design, implement and support such architectures which achieve goals of simplicity, cost saving, and reliability. Our services can largely replace your in-house IT cost centre, or help you rationalise its ongoing role. From a user perspective, the best hybrid solutions are invisible. Careful attention is therefore required to access and identity management, rights management and the integration of diverse resources in a secure manner. This is a new and developing field, one where Emantra is building a leading Australian capability.

    Full Service Hosting

    Emantra has the skills and perspective gained as an enterprise hosting practitioner for ten years. We now bring that experience to bear in the public cloud arena.
    Full service hosting means that we are able to exploit the best of both technologies to deliver your optimal solution. Few others can do this. Emantra’s services are utilised directly by customers or channelled through some of the largest system integrators, developers, and SaaS software vendors in the country. We are privately owned and proudly Australian. We invest in local jobs, facilities and suppliers. Read below about some of our featured services or call us on 1300 728 953 anytime for more information. Initial consultations are always free and without obligation.

    Featured Services


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    5 Tips for Using Collateral to Secure a Small Business Loan #small #business #grant


    #secured business loans

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    Here’s a fundamental truth of any organization: you need cash to help grow your business. Whether you’re a start-up, a sole proprietorship, or a limited liability corporation, getting a small business loan will be one of your top priorities if you’re looking to expand your company’s potential. But before you receive funds from a bank, a lender will scrutinize both you and your business to see if you’re a viable borrower.

    A bank will look at your company’s history, business credit, revenues, balance sheet, and your equity contributions. If you pass a credit check and you operate a healthy business, most banks will also require an additional, and tangible, guarantee that their loan will be repaid: collateral.

    Collateral assets come in many forms. Defined by the Small Business Administration, collateral is “an additional form of security which can be used to assure a lender that you have a second source of loan repayment.” Most commonly, collateral is real property (i.e. an owner-occupied home), but it can also be represented by your business’s inventory, cash savings or deposits, and equipment. In order to structure a loan that benefits both you and your business, you’ll need to make the right decision about what you offer up as collateral to the bank. It’s also important to be realistic when considering the risks of defaulting on a loan, which could have harsh consequences for not only your business, but for your personal life, too.

    Editor’s Note: Looking for loan solutions for your business? If you would like information to help you choose the one that’s right for you, use the questionnaire below to have our partner, BuyerZone, provide you with information for free:

    Below are a few tips on how you can use your assets as collateral, and how you can mitigate the risks associated of defaulting on a loan.

    1. Keep Detailed Records of your Asset’s Worth

    Banks are notoriously conservative about valuing a borrower’s assets for collateral. After all, if the borrower does default, the lender must expend resources to take the asset, find a buyer, and sell it.

    Jeff Allen, the director of operations for Trendant, a small business consulting firm based in Salt Lake City, says that one of the most common mistakes business owners make about collateral is they think it’s worth a lot more than it actually is. “They’re considering what they paid for it, and the banks only consider the fair market value of today,” he says.

    If you’re not sure of what your assets might be worth, it could be worthwhile to find an independent appraiser to give you an idea of how the bank will value your property.

    Besides for simply knowing your asset’s worth, it’s critical to keep detailed records of your assets on your balance sheet. When a bank is reviewing your business documents, they’ll want to see that you’re paying careful attention to all of the relevant factors. This is usually simpler than you think. “In keeping records, businesses tend to overcomplicate,” says Allen. “They think there’s some magical solution that the big boys use. The bottom line is that an Excel spreadsheet with a couple of line items is all you need.”

    2. Know What You Can Use as Collateral

    Essentially, there are two different types of collateral: assets that you own, and assets that you still have a loan against. If you still have a loan on the asset, (e.g. a mortgage for a house) the bank will be able to recoup the loan by refinancing your loan from the institution you have the loan against, and claim the title.

    A viable asset to use as collateral will have a title of ownership, and banks will only lend if they can get a title back, says Allen. Homes and cars are the most common forms of collateral, but you can also use watercraft, motorcycles, as well as pieces of equipment that have a title of ownership.

    Below are some relevant issues associated with each type of collateral that you should consider before approaching a bank for a loan.

    Real Property: Since the housing bubble burst, using real property as collateral financing took a huge hit. Denise Beeson, a commercial loan officer based in San Francisco, says that this has been a significant roadblock for small businesses seeking small business loans. “It’s devastating small business right now,” she says. “In the past they’ve used the equity in their home, and they don’t have any of that equity anymore.” Additionally, banks will not consider vacant land, or “dirt” as its referred to in banking, as viable collateral.

    Business Inventory and Accounts Receivable: Asset-based lending can be a great way to get a fast influx of cash to your business. For example, if your firm gets a big purchase order, you may not have the resources to meet the needs of the client without bringing on additional staff, equipment, or raw materials. In some cases, a bank will allow a company to use that purchase order as collateral. “It’s a little trickier to get,” explains Jeff Allen. “It might be more difficult because it’s harder to authenticate. but a bank will usually lend against that.”

    Cash Savings or Deposits: “Cash is always king,” says Allen. Using personal savings will almost definitely be allowed as collateral since it’s a low-risk loan for a bank. This also applies to CDs and other financial accounts. The advantage in using these accounts as collateral is that you’re guaranteed a low interest rate because it’s a secured loan. The disadvantage, clearly, is that if you default, the bank will take possession of your savings.

    3. Understanding the Risks

    Taking a loan using personal assets as collateral presents the risks of losing the assets in the event that you default on the loan. Therefore, it’s important to discuss the risks of using certain assets as collateral with a financial advisor, as well as people that could be affected by the loss of that asset.

    “Some business owners are highly risk averse, and I wouldn’t recommend putting some stuff up for collateral,” says Jeff Allen. “Because if you can’t pay it, they’re taking your car or home.”

    Be realistic about your company’s needs, and how the company will be using the funds. A financial advisor will help you assess the risks involved, as well as the odds of the loan being successful. “It comes down to being honest with yourself knowing your situation, and knowing what the funds will be used for,” says Allen. “If you really need the money, you might to find alternatives, because you might lose what you’ve leveraged.”

    Often, a limited liability company is formed to shield the business owner from these risks, but a default will inevitably still affect the owner, especially if he or she is the only shareholder.

    4. Negotiate When-;And If-;You Can

    If you’re a qualified borrower with a demonstrable history of good business credit, you should be able to secure a loan with commitments you are comfortable with. Remember, a business can always reject a lender’s offer and seek a loan from a different lending institution.

    Since banks tend to be exceptionally conservative when it comes to valuing your assets, it could be worthwhile to request an appraisal review, which is a report that comments on the accuracy of an appraisal. Similarly, a bank that does not require any collateral requirement will often charge extremely high interest rates. Be wary of predatory lending practices that could end up being expensive and harmful to your business.

    Dig Deeper: How to Build and Maintain Good Business Credit

    5. Consider Peer-to-Peer Lending

    If an asset-based loan isn’t ideal for your business, Denise Beeson recommends alternative methods of securing cash. Peer-to-peer lending is becoming an effective way for small businesses to drum up cash in the short run. “Because it is extremely difficult to get a loan based on existing collateral, a lot of borrowers are going to peer-to-peer sites to see if they can get some money from that mechanism,” she says

    While loans typically amount to less than $25,000, there’s often less red tape involved in obtaining a peer loan. Prosper.com. for example, allows borrowers to choose a loan amount, a purpose and then post a loan listing. Then, investors choose which loans they prefer to invest in based upon a series of criteria. Borrowers make fixed monthly payments to their investors, who receive the funds directly in their Prosper account.


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