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Cash Advance

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About Cashadvance.comCashAdvance.com has been America’s most trusted resource for cash advances since 1997, connecting millions of consumers to reliable lenders each year. While you have many other channels through which to obtain emergency cash quickly, what makes working with CashAdvance.com so much better?Free and Unlimited UseOur service is always free to the customer whether or not your request is matched with a lender. Additionally, new and returning customers are welcome to utilize our service as much as they need. We dont believe in restriction or practicing bad business tactics.In many cases, customers come to CashAdvance.com after having a bad experience with another online matching service. One of the most common complaints we hear is that another organization either tried or succeeded in making the customer pay just to use a matching service. We would never imagine charging our customers, especially in their time of need.More Lenders. More Choices.In a loan request matching service, you want as many qualified lenders as possible reviewing your information, in the shortest amount of time. CashAdvance.com has the largest network of qualified lenders, so that we can assist in helping to find you the best opportunity and rates for your Cash Advance.Unlike the time and effort made in traveling to different storefront Cash Advance locations, our customers find our online experience to be both easy and quick with more lender choices. Plus, we choose lenders that are consistent with the kind of experience we want our customers to have.Data ProtectionCashAdvance.com is certified by two entirely separate services to ensure that your personal information is secure at all times. In order to protect your information from hackers, we are tested every day, both by McAfee and Norton.We are a proud member of the Online Lenders Alliance (OLA), a national organization dedicated to promoting best practices in the online lending industry. Moreover, we abide by the Federal Trade Commission Act, the Financial Services Modernization Act, the Fair Credit Reporting Act and all other applicable federal laws, including all laws relating to privacy and data protection.Positioned for TrustThe online lending industry has many businesses seeking to take advantage of your urgent need to obtain funds quickly, charging borrowers excessive fees with unreasonably stringent terms attached. Back in the beginning, our organization made a commitment to be upfront, honest and ethical in dealing with customers. We knew that long-term relationships, even if they didnt always result in a match, were far better than pushing customers to something they didnt want.Customers refer their friends and family to CashAdvance.com because in times of need, people want to be treated with respect and work through matters quickly. Plus, we have great agents to help you with questions throughout the process.About this appThis app provides a convenient and easy way to utilize cashadvance.com’s services.It is easy to navigate and provides additional information from cashadvance.com.*This app is provided by a third party affiliate of cashadvance.com. All trademarks and copyrights belong to cashadvance.comContent rating: Everyone

Price0LicenseFreeFile Size1.32 MBVersion1.0Operating System Android System RequirementsCompatible with 2.3.3 and above. […]

Personal Loan: How You Can Make the Most of It

There are times in life when you need extra cash to meet an immediate goal. In such a case when you have considered all other options such as taking help from friends or relatives and have not found a way out, dipping into your savings pool may not be a good idea at all.

Under such circumstances, many of us consider taking a personal loan. However, despite telemarketers chasing you almost daily offering personal loan schemes, getting a personal loan isn’t child’s play.

Just like any other type of loan, here also your loan eligibility will depend upon your Cibil score. A personal loan – as the term suggests – can be taken to meet a number of personal financial goals. Personal financial goals can be anything from a medical procedure, home improvement, own wedding or a sibling’s to urgent purchases relating to a small business. Sometimes people also opt for personal loans to refinance or consolidate a debt demanding a higher rate of interest.

But have you ever really thought as to which situations can be best handled with a personal loan? Let’s consider some instances and analyse how one can use this powerful instrument effectively:

Refinancing or consolidating debt

It may theoretically seem easier to pay off credit card bills with a personal loan, but one should always remember that by doing so, you are only moving your debt pile from one place to another.

You should, therefore, consider taking a personal loan only if by doing so you would be lowering the annual rate of interest you are paying.

For instance, the rate of interest on a personal loan can vary from 13.99 per cent to 23 per cent depending upon the lender you pick and your Cibil score. This is considerably lower than an annualised rate of interest of 35 per cent in case of credit card if you have managed to get yourself in the minimum amount payment cycle and are not making repayments towards your principal amount.

You may also consider taking a personal loan if you have an outstanding amount on more than one credit card and wish to consolidate all payments. It is much easier to concentrate on one loan payment rather than managing several repayments causing sleepless nights.

Home improvement projects

You may think of taking a personal loan to make substantial changes to your home, but instead of taking a personal loan, you may consider taking a loan from a bank. Most lenders have a home improvement loan product or a renovation loan under which they finance 80-85 per cent of the total cost of renovation being undertaken. The lending rates for such loans up to an amount of Rs 30 lakh range between 10.5 to 11 per cent while loans above Rs 30 lakh are available at an interest rate ranging between 10.75 per cent and 11.50 per cent.

Medical expenses/business purchases

If you need money urgently for a medical procedure for yourself or someone in the family you are better off depending on your medical insurance. These days most hospitals offer cashless facility, so coughing up a lot of money on an immediate basis is no longer necessary.

You should, however, not neglect this aspect and take adequate medical insurance cover well in advance. As for a business purchase, it is a judgment call that you need to make, but do consider taking a business loan from a bank prior to opting for a personal loan. There are several loans available for SMEs today that may offer you better financing and repayment options.

Weddings and vacations

There is no doubt about the fact that a wedding or a vacation can be cause a huge financial burden. While it is true that you will pay a lesser amount of interest as compared to a credit card, it is better to save up for such expenses well in advance rather than pay for them with a personal loan which is an unsecured debt at the end of the day.

CONCLUSION

Personal loans are definitely a lucrative option and relatively easy to procure these days, but it only makes sense to take one in case of an unavoidable and immediate need for money. The other instance when you can consider taking such a loan is when there is an opportunity to save money on interest rates.

Otherwise, if it is that designer outfit, a diamond ring for your wife or a fancy trip with your family that you want desperately, it’s better to save up for it rather than pay interest on the purchase.

Disclaimer: All information in this article has been provided by Creditvidya.com and NDTV Profit is not responsible for the accuracy and completeness of the same.

[…]

Salem Announces 19% Increase in Net Revenue for the Third Quarter 2014

CAMARILLO, CA–(Marketwired – Nov 6, 2014) – Salem Communications Corporation (NASDAQ: SALM) released its results for the three and nine months ended September 30, 2014.

Third Quarter 2014 Highlights

Total net revenue increased 19.0% Adjusted EBITDA(1) increased 14.3% Free cash flow(1) increased 29.5% Internet and e-commerce revenue increased 54.5% Publishing revenue increased 164.7% Repaid $5.0 million in principal on our Term Loan B

Third Quarter 2014 Results

For the quarter ended September 30, 2014 compared to the quarter ended September 30, 2013:

Consolidated

Total revenue increased 19.0% to $69.6 million from $58.5 million; Total operating expenses increased 22.7% to $60.8 million from $49.5 million; Operating expenses, excluding gains and losses on asset disposals, non-cash stock-based compensation expense, and changes in the fair value of contingent earn-out consideration increased 21.8% to $59.9 million from $49.2 million; Operating income decreased 1.4% to $8.8 million from $9.0 million; Net income decreased to $3.7 million, or $0.14 net income per diluted share, from $5.3 million, or $0.21 net income per diluted share, in the prior year; EBITDA(1) increased 10.5% to $14.1 million from $12.7 million; and Adjusted EBITDA(1) increased 14.3% to $15.0 million from $13.1 million.

Broadcast

Net broadcast revenue increased 2.1% to $47.0 million from $46.0 million; Station operating income (“SOI”)(1) decreased 5.3% to $14.4 million from $15.2 million; Same station net broadcast revenue increased 1.0% to $46.5 million from $46.0 million; Same station SOI decreased 4.8% to $14.4 million from $15.2 million; and Same station SOI margin decreased to 31.1% from 33.0%.

Internet and e-commerce

Internet and e-commerce revenue increased 54.5% to $14.5 million from $9.4 million; and Internet and e-commerce operating income(1) increased 30.4% to $3.6 million from $2.7 million.

Publishing

Publishing revenue increased 164.7% to $8.1 million from $3.1 million; and Publishing operating income(1) increased to $1.4 million from a loss of $0.2 million.

Included in the results for the quarter ended September 30, 2014 are:

A $0.5 million ($0.3 million, net of tax, or $0.01 per share) increase in the estimated fair value of the contingent earn-out consideration associated with the Twitchy.com and Eagle acquisitions; and A $0.3 million non-cash compensation charge ($0.2 million, net of tax, or $0.01 per share) related to the expensing of stock options consisting of: $0.2 million non-cash compensation included in corporate expenses; and $0.1 million non-cash compensation included in broadcast operating expenses.

Included in the results for the quarter ended September 30, 2013 are:

A $0.4 million non-cash compensation charge ($0.2 million, net of tax, or $0.01 per share) related to the expensing of stock options consisting of: $0.2 million non-cash compensation included in corporate expenses; $0.1 million non-cash compensation included in broadcast operating expenses; and $0.1 million non-cash compensation included in Internet operating expenses.

Per share numbers are calculated based on 26,265,957 diluted weighted average shares for the quarter ended September 30, 2014, and 25,921,391 diluted weighted average shares for the quarter ended September 30, 2013.

Year to Date 2014 Results

For the nine months ended September 30, 2014 compared to the nine months ended September 30, 2013:

Consolidated

Total revenue increased 15.1% to $200.6 million from $174.2 million; Operating expenses increased 19.8% to $178.9 million from $149.4 million; Operating expenses excluding gains and losses on asset disposals, non-cash stock-based compensation expense, changes in the fair value of contingent earn-out consideration and impairment charges increased 20.0% to $176.5 million from $147.1 million; Operating income decreased 12.8% to $21.7 million from $24.8 million; Net income increased to $5.4 million, or $0.21 net income per diluted share, from a $8.1 million loss, or $0.32 net loss per share, in the prior year; EBITDA(1) increased to $36.4 million from $8.4 million; and Adjusted EBITDA(1) increased 0.8% to $38.8 from $38.5 million.

Broadcast

Net broadcast revenue increased 3.0% to $140.4 million from $136.3 million; SOI(1) decreased 5.2% to $42.7 million from $45.0 million; Same station net broadcast revenue increased 2.4% to $139.5 million from $136.2 million; Same station SOI decreased 4.7% to $43.0 million from $45.1 million; and Same station SOI margin decreased to 30.8% from 33.1%.

Internet and e-commerce

Internet and e-commerce revenue increased 44.1% to $41.8 million from $29.0 million; and Internet and e-commerce operating income(1) increased 27.3% to $11.0 million from $8.6 million.

Publishing

Publishing revenue increased 105.4% to $18.4 million from $8.9 million; and Publishing operating income(1) increased to $0.7 million from a loss of $0.8 million.

Included in the results for the nine months ended September 30, 2014 are:

A $0.9 million ($0.5 million, net of tax, or $0.02 per share) increase in the estimated fair value of the contingent earn-out consideration associated with the Twitchy.com and Eagle acquisitions; A $0.2 million loss ($0.1 million, net of tax) on disposals associated with the write-off of a receivable from a prior station sale and the relocation of our office and studio in San Francisco offset by insurance proceeds for damages associated with one of our stations; and A $1.3 million non-cash compensation charge ($0.8 million, net of tax, or $0.03 per share) related to the expensing of stock options consisting of: $0.8 million non-cash compensation included in corporate expenses; $0.3 million non-cash compensation included in broadcast operating expenses; $0.1 million non-cash compensation included in Internet operating expenses; and the remainder included in publishing operating expenses.

Included in the results for the nine months ended September 30, 2013 are:

A $27.8 million loss ($16.7 million, net of tax, or $0.68 per share) on the early retirement of long-term debt due to the repurchase of $212.6 million of our 9 5/8% senior secured second lien notes due in 2016 and the termination of then existing bank debt; A $0.8 million impairment loss ($0.5 million, net of tax, or $0.02 per share) associated with the goodwill and mastheads of our publishing businesses; and A $1.5 million non-cash compensation charge ($0.9 million, net of tax, or $0.04 per share) related to the expensing of stock options primarily consisting of: $1.0 million non-cash compensation included in corporate expenses; $0.3 million non-cash compensation included in broadcast operating expenses; and $0.2 million non-cash compensation included in Internet operating expenses.

Per share numbers are calculated based on 26,032,789 diluted weighted average shares for the nine months ended September 30, 2014, and 24,832,140 diluted weighted average shares for the nine months ended September 30, 2013.

Balance Sheet

As of September 30, 2014, the company had $2.8 million outstanding on its revolver and $284.0 million outstanding on the Term Loan B. The company was in compliance with the covenants of its credit facility. The company’s bank leverage ratio was 5.42 versus a compliance covenant of 6.50.

Cash Distribution

Salem paid a quarterly cash distribution of $0.0625 per share on its Class A and Class B common stock on September 30, 2014 to shareholders of record as of September16, 2014. The distributions totaled approximately $1.6 million.

Acquisitions and Divestitures

The following transactions were completed since July 1, 2014:

On October 1, 2014, we completed the acquisition of radio station KXXT-AM in Phoenix, Arizona for $0.6 million.

Conference Call Information

Salem will host a teleconference to discuss its results on November 6, 2014 at 2:00 p.m. Pacific Time. To access the teleconference, please dial (719) 325-2214, passcode 9300007 or listen via the investor relations portion of the company’s website, located at www.salem.cc. A replay of the teleconference will be available through November 20, 2014 and can be heard by dialing (719) 457-0820, passcode 9300007 or on the investor relations portion of the company’s website, located at www.salem.cc.

Fourth Quarter 2014 Outlook

For the fourth quarter of 2014, Salem is projecting total revenue to increase 6% to 8% over fourth quarter 2013 total revenue of $62.7 million. The company is also projecting operating expenses before gains or losses on disposal of assets, impairment losses, changes in the fair value of contingent earn-out consideration and stock-based compensation expense to increase 8% to 11% as compared to the fourth quarter of 2013 operating expenses of $52.3 million. Without the acquisition of Eagle, the company would be projecting revenue to be down 1% to up 1% and expenses to be down 1% to up 2%.

About Salem Communications

Salem Communications Corporation is America’s leading Christian and conservative multi-media corporation, with media properties comprising radio, digital media and book, magazine and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programing focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the media landscape.

The company, through its Salem Radio Group, is the largest commercial U.S. radio broadcasting company providing Christian and conservative programing. Salem owns and operates 105 local radio stations, with 63 stations in the top 25 media markets. Salem Radio Network (“SRN”) is a full-service national radio network, with nationally syndicated programs comprising Christian teaching and talk, conservative talk, news, and music. SRN is home to many industry-leading hosts including: Bill Bennett, Mike Gallagher, Hugh Hewitt, Michael Medved, Dennis Prager and Janet Mefferd.

Salem New Media is a powerful source of Christian and conservative themed news, analysis, and commentary. Salem’s Christian sites include: Christianity.com, BibleStudyTools.com, GodTube.com, GodVine.com, WorshipHouseMedia.com and OnePlace.com. Considered by many to be a consolidation of the conservative news and opinion sector’s most influential brands, Salem’s conservative sites include Townhall.com, HotAir.com, Twitchy.com, HumanEvents.com and RedState.com.

Salem’s Regnery Publishing unit, with a 65-year history, remains the nation’s leading publisher of conservative books. Having published many of the seminal works of the early conservative movement, Regnery today continues as the dominant publisher in the conservative space, with leading authors including: Ann Coulter, Dinesh D’Souza, Newt Gingrich, David Limbaugh, Michelle Malkin and Mark Steyn. Salem’s book publishing business also includes Xulon Press™, a leading provider of self-publishing services for Christian and conservative authors.

Salem Publishing™ publishes Christian and conservative magazines including Homecoming, YouthWorker Journal, The Singing News, Preaching and Townhall Magazine.

Salem Communications also owns Eagle Financial Publications and Eagle Wellness. Eagle Financial Publications provide market analysis and specific investment advice for individual investors from seasoned financial experts Mark Skousen, Nicholas Vardy, Chris Versace and Doug Fabian. Eagle Wellness provides practical health advice and is a trusted source for nutritional supplements from one of the country’s leading complementary health physicians.

Forward-Looking Statements
Statements used in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties, including but not limited to the ability of Salem to close and integrate announced transactions, market acceptance of Salem’s radio station formats, competition from new technologies, adverse economic conditions, and other risks and uncertainties detailed from time to time in Salem’s reports on Forms 10-K, 10-Q, 8-K and other filings filed with or furnished to the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Salem undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

(1) Regulation G

Station operating income, Internet and e-commerce operating income, publishing operating income, EBITDA, Adjusted EBITDA, and free cash flow are financial measures not prepared in accordance with generally accepted accounting principles (“GAAP”). Station operating income is defined as net broadcast revenue minus broadcast operating expenses. Internet and e-commerce operating income is defined as Internet and e-commerce revenue minus Internet and e-commerce operating expenses. Publishing operating income is defined as publishing revenue minus publishing operating expenses. EBITDA is defined as net income before interest, taxes, depreciation, amortization and change in fair value of interest rate swaps. Adjusted EBITDA is defined as EBITDA before gain or loss on the disposal of assets, change in estimated fair value of contingent earn-out consideration and non-cash compensation expense. Free cash flow is defined as Adjusted EBITDA less capital expenditures, less cash paid for income taxes, less cash paid for interest. Salem has provided supplemental information as an attachment to this press release, reconciling these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with GAAP. The company believes these non-GAAP financial measures, when considered in conjunction with the most directly comparable GAAP financial measures, provide useful measures of the company’s operating performance.

Station operating income, Internet and e-commerce operating income, publishing operating income, EBITDA, Adjusted EBITDA, and free cash flow are generally recognized by the broadcast and media industry as important measures of performance. These measures are used by investors and analysts who report on the industry to provide meaningful comparisons between entities. They are not a measure of liquidity or of performance in accordance with GAAP, and should be viewed as a supplement to and not a substitute for, or superior to, the company’s results of operations presented on a GAAP basis such as operating income and net income. Salem’s definitions of station operating income, Internet and e-commerce operating income, publishing operating income, EBITDA, Adjusted EBITDA, and free cash flow are not necessarily comparable to similarly titled measures reported by other companies.

Salem Communications Corporation Condensed Consolidated Statements of Operations (in thousands, except share, per share and margin data) Three Months Ended Nine Months Ended September 30, September 30, 2013 2014 2013 2014 (Unaudited) Net broadcast revenue $ 46,015 $ 46,962 $ 136,287 $ 140,393 Net Internet and e-commerce revenue 9,390 14,511 29,012 41,811 Net publishing revenue 3,071 8,130 8,941 18,369 Total net revenue 58,476 69,603 174,240 200,573 Operating expenses: Broadcast operating expenses 30,847 32,596 91,258 97,695 Internet and e-commerce operating expenses 6,644 10,931 20,372 30,811 Publishing operating expenses 3,301 6,766 9,776 17,624 Corporate expenses 4,951 5,254 15,839 17,542 Change in the estimated fair value of contingent earn-out consideration — 545914 Impairment of indefinite-lived long-term assets other than goodwill — — 345 — Impairment of goodwill — — 438 — Depreciation and amortization 3,784 4,671 11,389 14,104 (Gain) loss on disposal of assets (25 ) (7 ) (20 ) 214 Total operating expenses 49,502 60,756 149,397 178,904 Net operating income from continuing operations 8,974 8,847 24,843 21,669 Other income (expense): Interest income 16 2 52 43 Interest expense (3,770 ) (4,139 ) (13,212 ) (11,986 ) Change in fair value of interest rate swaps (1,033 ) 1,046 2,545 (1,423 ) Loss on early retirement of long-term debt (16 ) (18 ) (27,792 ) (26 ) Net miscellaneous income and expenses 4 572 15 652 Income (loss) from continuing operations before income taxes 4,175 6,310 (13,549 ) 8,929 Provision (benefit from) for income taxes (1,159 ) 2,567 (5,506 ) 3,492 Income (loss) from continuing operations 5,334 3,743 (8,043 ) 5,437 Loss from discontinued operations, net of tax (11 ) — (26 ) — Net income (loss) $ 5,323 $ 3,743 $ (8,069 ) $ 5,437 Basic income (loss) per share before discontinued operations $ 0.21 $ 0.14 $ (0.32 ) $ 0.21 Income (loss) per share from discontinued operations, net of tax — — — — Basic income (loss) per share after discontinued operations $ 0.21 $ 0.14 $ (0.32 ) $ 0.21 Diluted income (loss) per share before discontinued operations $ 0.21 $ 0.14 $ (0.32 ) $ 0.21 Income (loss) per share from discontinued operations, net of tax — — — — Diluted income (loss) per share after discontinued operations $ 0.21 $ 0.14 $ (0.32 ) $ 0.21 Distributions per share $ — $ 0.06 $ 0.10 $ 0.18 Basic weighted average shares outstanding 25,126,858 25,536,397 24,832,140 25,258,025 Diluted weighted average shares outstanding 25,921,391 26,265,957 24,832,140 26,032,789 Other data: Station operating income $ 15,168 $ 14,366 $ 45,029 $ 42,698 Station operating margin 33.0 % 30.6 % 33.0 % 30.4 % Salem Communications Corporation Condensed Consolidated Balance Sheets (in thousands) December 31, 2013 September 30, 2014 (Unaudited) Assets Cash $ 65 $ 311 Trade accounts receivable, net 37,627 40,168 Deferred income taxes 6,876 6,876 Other current assets 6,477 12,054 Property, plant and equipment, net 98,928 100,296 Intangible assets, net 413,871 425,052 Fair value of interest rate swap agreement 3,177 1,754 Deferred financing costs 4,130 3,628 Other assets 3,962 2,413 Total assets $ 575,113 $ 592,552 Liabilities and Stockholders’ Equity Current liabilities $ 31,782 $ 42,719 Long-term debt and capital lease obligations 287,672 283,506 Deferred income taxes 43,457 46,590 Other liabilities 10,417 14,603 Stockholders’ equity 201,785 205,134 Total liabilities and stockholders’ equity $ 575,113 $ 592,552 Salem Communications Corporation Supplemental Information (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2013 2014 2013 2014 (Unaudited) Capital Expenditures $ 2,560 $ 1,793 $ 7,792 $ 7,910 Reconciliation of Same Station Net Broadcast Revenue to Total Net Broadcast Revenue Net broadcast revenue – same station $ 46,015 $ 46,491 $ 136,238 $ 139,475 Net broadcast revenue – acquisitions — 471 49 918 Total net broadcast revenue $ 46,015 $ 46,962 $ 136,287 $ 140,393 Reconciliation of Same Station Broadcast Operating Expenses to Total Broadcast Operating Expenses Broadcast operating expenses – same station $ 30,847 $ 32,048 $ 91,139 $ 96,505 Broadcast operating expenses revenue – acquisitions — 548 119 1,190 Total broadcast operating expenses $ 30,847 $ 32,596 $ 91,258 $ 97,695 Reconciliation of Same Station Operating Income to Total Station Operating Expenses Station operating income – same station $ 15,168 $ 14,443 $ 45,099 $ 42,970 Station operating income – acquisitions — (77 ) (70 ) (272 ) Total station operating income $ 15,168 $ 14,366 $ 45,029 $ 42,698 Salem Communications Corporation Supplemental Information (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2013 2014 2013 2014 (Unaudited) Reconciliation of SOI and Internet Operating Income and Publishing Operating Income to Net Operating Income from Continuing Operations
Station operating income $ 15,168 $ 14,366 $ 45,029 $ 42,698 Internet and e-commerce operating income 2,746 3,580 8,640 11,000 Publishing operating income (loss) (230 ) 1,364 (835 ) 745 Less: Corporate expenses (4,951 ) (5,254 ) (15,839 ) (17,542 ) Change in the estimated fair value of contingent earn-out consideration — (545 )(914 ) Depreciation and amortization (3,784 ) (4,671 ) (11,389 ) (14,104 ) Impairment of indefinite-lived long-term assets other than goodwill — — (345 ) — Impairment goodwill — — (438 ) — (Gain) loss on disposal of assets 25 7 20 (214 ) Net operating income from continuing operations $ 8,974 $ 8,847 $ 24,843 $ 21,669 Reconciliation of Adjusted EBITDA to EBITDA to Net Income (Loss) Adjusted EBITDA $ 13,095 $ 14,972 $ 38,539 $ 38,829 Less: Stock-based compensation (358 ) (344 ) (1,529 ) (1,276 ) Loss on early retirement of long-term debt (16 ) (18 ) (27,792 ) (26 ) Discontinued operations, net of tax (11 ) — (26 ) — Change in the estimated fair value of contingent earn-out consideration — (545 )(914 ) Impairment of indefinite-lived long-term assets other than goodwill — — (345 ) — Impairment of goodwill — — (438 ) — (Gain) loss on disposal of assets 25 7 20 (214 ) EBITDA 12,735 14,072 8,429 36,399 Plus: Interest income 16 2 52 43 Less: Depreciation and amortization (3,784 ) (4,671 ) (11,389 ) (14,104 ) Interest expense (3,770 ) (4,139 ) (13,212 ) (11,986 ) Change in fair value of interest rate swap (1,033 ) 1,046 2,545 (1,423 ) Provision for (benefit from) income taxes 1,159 (2,567 ) 5,506 (3,492 ) Net income (loss) $ 5,323 $ 3,743 $ (8,069 ) $ 5,437 Reconciliation of Adjusted EBITDA to Free Cash Flow Adjusted EBITDA $ 13,095 $ 14,972 $ 38,539 $ 38,829 Less: Cash interest (3,549 ) (4,122 ) (13,384 ) (10,804 ) Cash taxes (5 ) (16 ) (250 ) (254 ) Capital expenditures (2,560 ) (1,793 ) (7,792 ) (7,910 ) Free Cash Flow $ 6,981 $ 9,041 $ 17,113 $ 19,861 Selected Debt Data Outstanding at September 30, 2014 Applicable
Interest Rate
Term Loan B (1) $ 134,000 4.50 % Term Loan B (2) 150,000 5.52 % Revolver 2,759 5.25 % (1) Subject to rolling LIBOR but no less than 1.00% plus a spread of 3.50%. (2) Under its swap agreement, the company pays a fixed rate of 1.645% plus a spread of 3.50%. The swap is subject to a LIBOR floor of 0.625% versus the Term Loan B debt floor of 1.00%. The swap matures March 28, 2019. […]

Payday Loans – Things You Should Know | My Blog

Payday are short term loans which are quick and can be used for meeting urgent money needs such as medical bills, house or car repair and more. Payday loans have to be returned on the day you receive your pay with interest rate, thus payday loans may sound advantageous for meeting unexpected or urgent financial needs but also contain some disadvantages.There are times when monthly expenditure crosses the budget line and you are left with no money to bear any kind of unexpected financial burden such as broken car or an urgent traveling or medical bills. With a payday loan you can borrow a limited amount of money to help your situation and on the day you receive your pay you are suppose to return the loan with the interest rate it carries. All you need to give is general information such as name, address and your bank details or more. This simple formality required for payday loans proves beneficial when you are burdened with unplanned or unpredicted money requirement.Payday loans are quick, fast, instant loans and you need not wait for an approval for long. Thus with a payday loan system you can instantly utilize the money for emergencies such as medical bills or traveling. Also payday loans are simple as you need not fill lengthy forms and provide heavy documents as all it takes is general information such as your name, address and bank details.But to utilize the above advantages you need to follow few precautionary steps:- Always check the credibility and the reputation of the lender you are going to deal with as you are required to give your bank details and credit details to them.- Find out the interest rate and they are giving, try to search for around 4-5 lenders or even more and compare their services.- Always read the terms and conditions of the lenders providing you the payday loan in order to avoid any hidden charges or terms.- Once you are done with your search and have chosen a lender, try to plan your repayment. It is advisable that you return your entire loan on payday and avoid any extension on repayment as this can further burden your coming month’s expenditure and also can add to your increasing interest rate.The speedy and easy approach towards payday loans might sound good and tempting but you should also be aware of the disadvantages carried by payday loans. Payday loans being short term loans avail only a small amount of money for a small repayment period. You may find payday loan as an easy solution against many monthly needs but do not forget that payday loan comes with quite a high interest rate.You can always avoid the heavy interest rate and disadvantages of payday loan by keeping following things in mind:- Do not consider payday loan as a solution for every problem i.e. do not take payday loan without any reason such as for a planning a lavishing holiday or for shopping for fun and so on.- Try to apply for a payday loan only if it’s urgent or important enough such as urgent medical bill or emergency traveling to some relative.- Make sure you go through a list of lenders in order to get the best deal in terms of interest rate. Search a lot and you will surely end up with a lender providing you with respectable interest rate on your loan.Payday loans act as saver from momentary problems you end up with due to unplanned monthly budget or unexpected financial burden. But it is always important to have a complete knowledge of payday loans and their ‘pros and cons’ in order to make them beneficial for you and to avoid any more of financial burden.

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What You Need To Know About Dealing With Payday Loans …

What You Need To Know About Dealing With Payday Loans

Occasionally, bills come due before payday making it difficult to get a payment in on time. You can receive cash quickly with a loan from a payday lender, but consider this option carefully. Read on to learn all about payday loans.

It is important to ensure you can pay back the loan when it is due. Payday loans carry high fees that will compound if you are unable to repay in a timely manner.

Look at all fees carefully with payday loans. With this information you will have a more complete picture of the process and consequences of a payday loan. Consumers are protected by regulations regarding high interest rates. Loan companies will try to get around them by charging a lot of fees. This will only increase the amount that you have to pay. Understanding the fees can benefit you in your decision making process.

Borrow as little as you can when you take out a payday loan. A lot of people need cash for emergencies, but the high interest rates for these loans is far higher than with banks or credit cards. Keep the interest and other fees to a minimum by borrowing the least amount possible.

There are certain organizations that can provide advice and care if you are addicted to payday loans. Their free services can help you get a lower rate or consolidate your loans to help you escape from your predicament.

Payday loans should only be taken out if you have tried every other option available to you. Payday lenders charge very high interest. Be sure to explore any other options that may be available to you before you go ahead and attain a payday loan.

While nobody should depend on payday loans between checks, they can help you when you have an urgent bill to pay. If you only get payday loans on occasion, there should be no issues. Keep the the information here in mind when you need a little help getting back on your feet!

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5 Tips to Keep Cash Flow Strong

Michael Lewis, a former business executive and financial blogger, does not sugar coat things when he says, “owners who cannot efficiently manage their cash flow are almost certain to fail.”

Every day new entrants throw their hat into the ring of entrepreneurship. And every day several die off. Many of these entrepreneurs, after spending considerable time fine-tuning their business plan, find themselves scratching their head, wondering why their company, with its innovative product or service, suffered such a fate.

In a great many cases, the answer is easy: cash flow.

“Cash flow is the lifeblood of a business and critical in its growth,” according to entrepreneur and marketing communications consultant Caron Beesley. “With money tight and bank loans hard to get, a cash-strapped company can easily be pushed to the brink.”

Related: How to Anticipate Cash-Flow Problems

The lesson that entrepreneurs must master immediately is that a business cannot operate very long when cash outflow exceeds cash inflow. Every business, particularly a startup, must zealously monitor its cash flow to prevent a serious business disruption. In business, cash is king and cash flow is priority # 1.

A significant percentage of cash-flow issues result because owners have not spent adequate time estimating the arrival of various revenue streams and balanced that against their need to pay certain expenses. Entrepreneurs must realize the critical importance of calculating accurate cash-flow projections to address day-to-day activities. Owners who don’t thoughtfully estimate their cash flow for an upcoming period (the day, week, month and quarter) place their business at serious risk.

From Day 1 businesses must track and manage their cash from the time that they must pay vendors, employees and others and the time that they collect from their customers. Doing anything less assures near certain failure. The following tips can help business owners ensure that their cash flow is managed well and not placing the business at risk of failure:

1. Create a budget.

Business owners should sit down to thoughtfully estimate expected cash inflows and outflows. Factors that to consider include the sales cycle, terms and discounts provided customers, industry delinquency rates and other factors that may affect the timing of incoming cash.

Similarly, it is necessary to estimate expenses and other cash outlays. This includes the timing of the purchase of equipment, raw materials and supplies. It also includes the schedule for payment of salaries, taxes and other day-to-day expenses. SCORE, a national nonprofit support group for small business owners, provides a free budget template that business owners can use to manage their cash flow.

2. Monitor the results.

Examining the budget should not be an infrequent activity. On at least a monthly basis (but more frequently if warranted), the actual cash flow should be compared with the budget to work out the kinks in the system. If cash inflows are less than anticipated, figure out the reason for the shortfall. If cash outflows end up being greater than expected, understanding the cause is also important.

Once the reasons for the budget variances are determined, the business can make the necessary corrections, either to the budget or the business plan or both.

3. Have a Plan B.

Regardless of the amount of time and energy a business owner devotes to creating a budget, unexpected events can suddenly crop up, wreaking havoc on even the best cash-management system. During such times, the business might need to rely on a contingent source of cash to keep the operation running until things return to normal.

Typical sources of contingent funding include lines of credit, personal assets and friends and family. Business owners should have a Plan B lined up well before the funds are needed.

For example, a business owner who plans to borrow funds to cover a cash shortfall should have the loan or a line of credit in place well before the cash is needed. Allowing a cash-flow disruption to occur before applying for a loan is asking for trouble as most banks will hesitate to lend money to a business in distress.

Even if a bank were willing to extend a loan, few financial institutions can underwrite and approve a request in less than a month. By then, the business may have already failed due to its inability to cover its cash needs.

Related: 10 Ways to Keep Your Company’s Cash Flow Alive

4. Bill quickly.

A key element of cash-flow management is controlling the timing of funds coming in and going out. It may be customary, depending on the industry, for a business to extend credit to purchasers. For example, customers may be extended a 30-day period to furnish payment. Every time this type of transaction occurs, it places a strain on the business. While the buyer need not provide payment for 30 days, the company must continue to meet its financial obligations.

The easiest tactic for a business to pursue is to bill a client immediately. Businesses that make sales on credit must ensure that the invoice is delivered within 24 hours of the transaction. Furthermore, companies should track their invoices and send reminders before the payment-due date. Businesses that delay invoice delivery will likely receive their payments late due to the processing time required by the buyer. Business owners should consider delivering invoices by email to ensure rapid and certain delivery of billings.

To alleviate the pressure created by credit sales, a business should implement tactics to accelerate payment. A common technique includes providing discounts to buyers who pay their bill within 10 days. Buyers with sufficient cash to make their payment will be willing to forego availing themselves of the payment period in exchange for a discount.

Every business owner dreams of making a big sale. Unfortunately, businesses that make big sales on credit are often put under duress because they may then require the purchase of additional inventory. In such instances, business owners should consider making the buyer provide a down payment against the purchase so as to relieve the burden on the company’s cash flow.

5.Timely payment polices.

A sound cash-flow management strategy calls for rapid collection of invoices and timely payments. This means that the business should not pay its bills ahead of time — or late. The company should pay its bills when they are due. This ensures that its cash is working hard.

To the extent that the organization is flush with cash, managers should ask for a cash discount at the time of a purchase instead of buying on credit. The offer of a cash payment may entice the seller to offer a discount. This can be especially beneficial in cases of big-ticket purchases where a discount can be meaningful.

Related: 5 Must-Track Metrics to Keep Your Startup Alive

More From Entrepreneur

5 Ways to Scale Your Company by Fine-Tuning Your Approach Beware of a New Kind of Business Identity Theft 8 Ways Rookie CEOs Can Succeed Faster FinanceBusinessbusiness plancash flow […]

Puerto Rico's government bank could face cash crunch-Moody's

NEW YORK, Aug 1 (Reuters) – A shortfall in tax collections and demands for cash from public corporations could mean Puerto Rico’s Government Development Bank runs out of money sooner than expected, Moody’s Investors Service said on Friday.

Moody’s forecasts that without factoring in payments to public coporations the GDB’s available cash will fall to $212 million, or 2 percent of general fund spending, by March 2015 and be almost entirely depleted by June 30.

The model factors in $478 million loan to the government to make up for a possible tax revenue shortfall of 5 percent. Currently the GDB says it has enough cash through June 30.

Puerto Rico passed a law in June aimed at financially isolating its public corporations from the central government by allowing them to restructure their debt. However, Moody’s believes they could still require cash from the GDB.

“It remains to be seen whether the law will prevent unexpected cash outlays from the Commonwealth to corporations,” Moody’s said in the report.

The electric power authority PREPA is widley expected to use the law, known as the Recovery Act, to restructure over $9 billion in loans. PREPA delayed payments to creditors on Thursday which were due under a $671 million loan facility.

“A more rapid drop in cash balances than Puerto Rico’s fiscal agent anticipates would further pressure the commonwealth’s credit ratings,” Moody’s said in the report.

Moody’s gave Puerto Rico’s general obligation debt a B2 junk rating with a negative outlook after a downgrade in July.

(Reporting by Edward Krudy; Editing by Diane Craft)

FinanceBudget, Tax & EconomyPuerto RicoMoody’s Investors ServiceGovernment Development Bank […]

How to Compete With All-Cash Home Buyers

As cash buyers continue to inundate ;recovering markets, it’s easy to feel like the underdog ;if your offer includes a pre-approval letter for a mortgage.

In some places — ;especially in the Midwest and Florida — ;more than half of sales in the first quarter of 2014 were closed with cash, ;according to a recent Zillow analysis.

“Cash is always the deal-sealer and the best way to get deals,” said Joe Spake, a longtime real estate agent in Memphis, where nearly half of first-quarter sales were all-cash. “Just, not a whole lot of people have it, especially in the regular-people realm. The average working person is going to have to get a mortgage.”

Across the country, cash buyers are on the decline, but in some markets you’re still very likely to be pitted against one. We asked agents in the country’s most cash-rich markets for advice for buyers who want to stay competitive without ;cash.

The Bottom Line is the Bottom Line

Cash buyers come in looking for a deep discount, said Tony Baroni, an agent in ;Tampa, which trails only Miami in the percentage of homes purchased with cash.

“At the end of the day, all the seller cares about is how much money they’ll get,” Baroni said. “Some sellers don’t care if it’s cash or financed.”

Tucson agent Spirit Messingham has seen buyers get intimidated when they go up against all-cash offers.

“What I tell people … is that most sellers don’t care if I give them a bag of dirty old cash or if I give them a loan from a local lender,” he said.

Get a Solid Loan

If you can’t write a fat check, get pre-approved and know how much you can put down on a home before you start shopping, agents said. Spake believes it’s worth seeking out a local lender. ;The seller or listing agent might even recognize the lender’s name — ;or at least the bank’s name — ;and that could give you an edge.

Plus, Spake said: “I can go to that person’s office and stand on his desk if I have to.”

How Much Do You Want it?

Cash buyers are often investors, so they’re looking for a great deal. If a competing buyer is shopping for a home, it’s sentimental. The home ;might be worth more to them than the asking price.

“When we go up against a cash buyer, you need to act decisively,” Messingham said. “How badly do you want it? Because it’s not just an investment. It’s not like we’re trying to buy Apple [stock] at a 52-week low. This is going to be your home.”

Lyn Miller, an agent in Miami, agreed: “Sometimes you’ve got to offer over the asking price to get them.”

Keep it Simple

One major advantage of cash is simplicity. Relying on the ;loan process adds a level of complexity to the deal. To compensate for that, agents said it’s important to make your offer straightforward and simple.

Baroni recommends short inspection periods and lots of earnest money.

In Memphis, a popular market for investors, Spake tells his buyers ;not to ask for anything they don’t really need.

“The bottom line for me is to make the cleanest deal for the seller possible,” he said. “I want them to pick me, and I don’t want them to have a lot of hidden paragraphs” in the offer.

Personalize It

Baroni took a chance recently and delivered an offer with a photo of his buyer and a letter explaining the buyer’s story. The offer came in $5,000 lower than the highest offer on the table, but the seller picked his client anyway.

A human angle is something investors often can’t bring to the table, and it can sometimes seal the deal just as well as a briefcase full of George Washingtons.

Read More from Zillow:

Metros ;Where Cash Buyers Dominate the Market 10 Markets Where Borrowers ;Have the Edge 15 Cities Where Renting Rules

Emily Heffter, a reporter and writer for Zillow Blog, covers celebrity real estate, unusual properties, and other real estate topics. Read more of her work ;here.

;

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0·· […]

How to compete for a home without cash

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Real estate

How to compete for a home without cash

Emily Heffter Zillow

2 hours ago

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As cash buyers continue to inundate recovering markets, it’s easy to feel like the underdog if your offer includes a pre-approval letter for a mortgage.

In some places — especially in the Midwest and Florida — more than half of sales in the first quarter of 2014 were closed with cash, according to a recent Zillow analysis.

Lynne Sladky / AP

In cash-rich markets such as Miami, would-be home buyers without a lot of money should consider these tips to seal a deal.

“Cash is always the deal-sealer and the best way to get deals,” said Joe Spake, a longtime real estate agent in Memphis, Tennessee, where nearly half of first-quarter sales were all-cash. “Just, not a whole lot of people have it, especially in the regular-people realm. The average working person is going to have to get a mortgage.”

Across the country, cash buyers are on the decline, but in some markets you’re still very likely to be pitted against one. We asked agents in the country’s most cash-rich markets for advice for buyers who want to stay competitive without cash.

The bottom line is the bottom line

Cash buyers come in looking for a deep discount, said Tony Baroni, an agent in Tampa, Florida, which trails only Miami in the percentage of homes purchased with cash.

“At the end of the day, all the seller cares about is how much money they’ll get,” Baroni said. “Some sellers don’t care if it’s cash or financed.”

Tucson, Arizona, agent Spirit Messingham has seen buyers get intimidated when they go up against all-cash offers.

“What I tell people … is that most sellers don’t care if I give them a bag of dirty old cash or if I give them a loan from a local lender,” he said.

Get a solid loan

If you can’t write a fat check, get pre-approved and know how much you can put down on a home before you start shopping, agents said. Spake believes it’s worth seeking out a local lender. The seller or listing agent might even recognize the lender’s name — or at least the bank’s name — and that could give you an edge.

Plus, Spake said: “I can go to that person’s office and stand on his desk if I have to.”

How much do you want it?

Cash buyers are often investors, so they’re looking for a great deal. If a competing buyer is shopping for a home, it’s sentimental. The home might be worth more to them than the asking price.

“When we go up against a cash buyer, you need to act decisively,” Messingham said. “How badly do you want it? Because it’s not just an investment. It’s not like we’re trying to buy Apple [stock] at a 52-week low. This is going to be your home.”

Lyn Miller, an agent in Miami, agreed: “Sometimes you’ve got to offer over the asking price to get them.”

Keep it simple

One major advantage of cash is simplicity. Relying on the loan process adds a level of complexity to the deal. To compensate for that, agents said it’s important to make your offer straightforward and simple.

Baroni recommends short inspection periods and lots of earnest money.

In Memphis, a popular market for investors, Spake tells his buyers not to ask for anything they don’t really need.

“The bottom line for me is to make the cleanest deal for the seller possible,” he said. “I want them to pick me, and I don’t want them to have a lot of hidden paragraphs” in the offer.

Personalize it

Baroni took a chance recently and delivered an offer with a photo of his buyer and a letter explaining the buyer’s story. The offer came in $5,000 lower than the highest offer on the table, but the seller picked his client anyway.

A human angle is something investors often can’t bring to the table, and it can sometimes seal the deal just as well as a briefcase full of George Washingtons.

More from Zillow:

Metros Where Cash Buyers Dominate the Market

10 Markets Where Borrowers Have the Edge

15 Cities Where Renting Rules

Emily Heffter, a reporter and writer for Zillow Blog, covers celebrity real estate, unusual properties and other real estate topics. Read more of her work here.

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