Looking for additional capital to fund your next marketing campaign or to expand your business. Hold It! Stop right there. Small business owners seeking additional marketing funds may only need to look no further than there own back yards. And in this particular case their own homes and driveways as well.How so? The next best thing to looking for funds is saving money. Before venturing off to
lending institution why not brain storm ideas that will help you save money. For instance, can you cut back on amount of print and copy paper you're using? Can you reduce travel expenses?
Before making any additional major purchases consider fact that less equipment you buy less servicing you'll have to pay for. Do you really need that updated laptop, monitor, telephone system, etc? Can you cut down on shipping costs, Long distance calls and employee perks? If your equipment leasing contract is up for renewal can you find a better deal?
The time is ripe for refinancing. If you have a number of business loans and credit card debt considering refinancing to a lower rate. Can you refinance company car as well as your personal and family vehicles?
While you're at it have you thought about refinancing your home? True, home loan refinancing wave has definitely passed us by. Refinancing applications recently fell over 70 percent lower than in last week of May 2003. Still home refinancing demand is strong as 29% of homeowners have not yet refinanced.
Mark Askew, founder of Mortgage Loan Rate Network does not believe this means days of bargain home loan refinancing has ended. “With mortgage rates fluctuating in upward direction many are asking whether now is a bad time to refinance a home loan?” Mark explains. “Although mortgage rates have increased, rates are still at attractive lows. With refinance wave passing fewer loan applications to process can mean improved loan processing and disbursement time. This can be a significant motivator for those seeking cash out refinancing option.”
