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May 2021

Business

Marketing Tips: How To Drive Community Engagement

Are you wondering how to improve community engagement for your brand? It’s a great goal to have, one that can boost your business and your profits. 

Community engagement offers many benefits, such as raising brand awareness, cultivating credibility and authority, establishing a positive reputation, and increasing the know, like, and trust factor for your company. 

However, you might be wondering how to build a community and increase engagement. If you are not careful, you can build a community that spirals out of control and harms your brand. 

Fortunately, increasing engagement the right way is not a difficult task. By following a few tips and using a few best practices, you can build a thriving community and experience all of the many benefits. 

If you are wondering how to drive community engagement for your brand, this short and simple guide is for you. 

Build a Community

The first step for marketing engagement is to build your community. Find out where your target audience is and build a community on that platform. Make sure your community is inclusive, open-minded, and branded. 

Have the Right Attitude  

One of the best tips for driving community engagement is to have the right attitude. Remember that the community you are creating is for your audience, not for you. Avoid being overly salesy or aggressively promoting your offers. 

Be Responsive 

A great community engagement tip to use is to be responsive. Your community should be all about interaction and engagement, and that includes you and your employees. Make sure you are responding to your members and getting to know them better. 

Ask Engaging Questions 

If you are wondering how to improve engagement, consider asking engaging questions. This is a great way to show your interest in your audience. You can supercharge your efforts by using your community feedback to understand what your audience wants and expects from your brand. 

Create Valuable Content 

One tip you should always follow is to create the content your audience wants. This will help you know your audience better and increase your overall engagement. If you are wondering about the best type of content for your audience, consider hiring a service like statt consulting

Opt for Collaboration Over Competition 

A good way to build an engaged community is to opt for collaboration over competition. Look for ways to collaborate with other brands and bring your communities together. This is an ideal way to expand your audience and make valuable connections in your industry. 

Use These Marketing Tips to Drive Community Engagement for Your Brand 

By using these tips, you can drive community engagement for your business and brand. 

Start by building a community and cultivating the right attitude. You should also be responsive, ask engaging questions, and create valuable content. Make sure to collaborate and show up as a real person in your community. 

Follow these tips and you’ll be well on your way to building an engaging community.

Don’t forget to browse our site for advice on advertising, marketing, entertainment, and more.

 

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Featured

What Are Some of the Most Valuable Foreign Coins?

It is believed that the first coins in the world showed up around 600 B.C. Produced in Lydia, a kingdom occupying modern-day Turkey and connected to ancient Greece, these coins were made of an alloy of gold and silver known as electrum.

The notion of money had been around long before that, of course. For example, the ancient Chinese were using shells as currency as long as 5,000 years ago. However, this was the first known time that actual coins arrived on the scene.

Throughout the course of history, countless fascinating and beautiful coins have been produced around the world. However, certain old coins maintain a tremendous amount of value, which is often based on their historical significance, rarity, and a number of other factors.

Are you wondering what the most valuable foreign coins are? Let’s take a look at the coins around the globe that have fetched more than a pretty penny.

What Makes Coins Valuable?

Before we get into the specifics, let’s take a look at what makes one coin valuable and not another. While gold and silver coins have the actual monetary value of the weight of their respective metals, there is often more to it than that. Some of the factors that go into how to determine the value of coins include:

  • Mintage
  • Population estimates
  • Demand
  • Condition
  • Age
  • Design
  • Bullion content
  • Errors
  • Provenance

In order to figure out whether any of your coins are valuable, you have to first analyze and identify what they are. You might be able to do this through research online or you can also contact a numismatic expert.

If you’re interested in collecting challenge coins, you can learn the difference between a soft enamel vs hard enamel coin here.

Edward III Florin (England)

In 1344, the English king Edward III attempted to deliver a gold coin that could be used in both England and Europe. This coin was known as the double florin or double leopard. At a value of six shillings, these coins were 108 grains of nominal pure gold.

Unfortunately, his attempt was unsuccessful as the coins were underweight for their value. This means that merchants found them unacceptable and, after a few months in circulation, the coins were withdrawn. Then they were melted down in order to form the gold noble.

There are only three examples of this coin that are known to still exist. Two of them were found in 1857 in the River Tyne which can currently be seen at the British Museum. The third was discovered in January of 2006 and fetched £460,000 at auction.

Ummayad Dinar (Middle East)

While not all Umayyad dinars demand an enormous price, one particular gold dinar was auctioned off for £3,720,000. This coin is thought to be only one of about a dozen that are known to exist. The reason that it is so valuable is that it bears a short line of text that translates to “mine of the commander of the faithful in the Hijaz.”

This text points to the fact that the mine was owned by the Caliph and the land itself was acquired directly from the Prophet Muhammad. This makes it highly significant within the Islamic faith.

Servilius Caepio Brutus AV Aureus (Ancient Roman)

Two years after the infamous assassination of Julius Caesar, Marcus Junius Brutus (of “et tu, Brutus?” fame) had a coin minted to commemorate his participation in the murder. They were minted in both gold and silver, and while there are more than 80 of the silver coins in existence, there are only three known gold copies.

One of these gold coins is at the British Museum, while another is a part of the Deutsche Bank collection. The third known coin was sold at an auction in London for £2.7 million to an anonymous bidder.

Single 9 Pond (South Africa)

The rarest gold coin in South Africa is the “Single 9” Pond, which is often referred to as the “King of South African Coins.” Though it isn’t well known on the global stage, it is one of the five most expensive coins in the entire world. In 2010, it sold for around $4 million.

In 1899, President Paul Kruger of the South African Republic ordered the minting of new cold coins amidst their long conflict with the British Empire to continue independence. However, the dies they needed to make new coins never made it to South Africa because they were seized by the British.

What they did in response was to decide to punch the number 9 on 1898 coins to mark the new year. However, when the first coin was struck, they realized that the number 9 was too big for the coin. Therefore, they didn’t use that punch for any more coins except the one and instead stamped two smaller 9s on the rest of the coins in the batch.

100 Ducats of Sigismund III Vasa (Poland)

There was a long war between the Ottoman army and the Polish army between the 16th and 17th centuries. Although there wasn’t a clear-cut victor in the war, the Polish did effectively stop the spread of Islam into Christian lands and lost fewer soldiers. In order to commemorate this perceived victory, king Sigismund III decided to mint 100 ducats gold coins.

One of these rare coins was sold in 2018 for $2.16 million.

Do You Dream of Owning One of These Valuable Foreign Coins?

While most of us probably don’t have several million dollars to shell out for one gold coin, we can always dream. Plus, there are so many more affordable ancient and fascinating coins that there’s no reason to break the bank for just one.

Coins carry an immense amount of history in their small, round mass. They tell the stories of empires that have risen and fallen, of victories of war, and of printing mistakes. There is something so incredible about finding or seeing a coin from the past and imagining it jingling around the pocket of an ancient merchant many years ago.

Did you find this article on valuable foreign coins interesting? If so, be sure to check out the rest of our blog for more fascinating and informative content!

 

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Home Improvement

Foundation Repair Techniques

The foundations are the fundamental constructive element of support of the buildings. Bad execution of the same, the incorrect choice of the depth of support, an incorrect dimensioning of the same, or its simple deterioration by the passage of time in case of old buildings can suppose severe damages for the rest of the building, even arriving at its collapse in the most severe cases. The HD Foundation Repair experts talk about the most common foundation repair techniques.

SUPERFICIAL UNDERPINNING

This is the most common type of operation. It consists of underpinning a foundation whose support level is superficial with another element that will also have external support. The most common techniques are

Reinforcement by injection

This is the solution used when the support area of the foundation is sufficient, but the foundation is deficient due to deterioration or poor execution.

The technique consists of the pressurized injection of grout or cement mortar. This injection needs communicated spaces to progress, so it is only possible to perform it in foundation massifs of dry masonry, gravels, etc., all of them typical of old buildings. These foundations have a low dosage binder that will be degraded due to the passage of time.

Expansion of the foundation by acting on the contours

This involves enlarging the bearing surface of the footing by working exclusively on the shape so that the floor retains its original depth.

In this technique, the new concrete and the old one must be adhered to entirely so that the whole works as a single piece. This is achieved by careful preparation of the contact surface, the old footing being ground and adequately cleaned, and geometric arrangement. The use of appropriate epoxy resins can also achieve good adhesion. It may also be necessary to introduce reinforcement through the old foundation, stitching it to the new one in some cases.

Expansion of the foundation by acting from below

This consists of constructing a new footing under the existing one with sufficient dimensions for its load. This technique is safer and easier to apply in-wall foundations than in column footings. However, HD Foundation Repair professionals must take special care with this technique when loading the new foundation, as the settlement may occur and cause cracks in the building.

This action requires, in any case, the total unloading of the foundation and to carry out the operation by points or zones of action, which must be defined in the execution project.

Extension of the foundation by improving the ground

This method consists of converting the existing land under the foundation into a more resistant material with a larger dimension in the plan. This is achieved by acting from the outside through the pressurized injection of fluids spread over the ground and subsequently forming a compact and resistant material.

Replacement of the footings

On many occasions, it is not viable neither the reinforcement nor the extension of the existing foundation, for what it is necessary to choose to construct a new foundation that replaces it, conserving or not the existing foundation, and never counting on its collaboration.

In this technique, it will be necessary to unload the foundation element using shoring.

It is valid both for intervention on spread footings and isolated footings. However, in the latter case, the intervention is highly compromised, and the shoring of the element on which it acts must be total.

DEEP UNDERPINNING

When the surface pavement does not meet the foundation’s needs, the loads are transferred to deeper, more resistant layers.

There are three types of deep underpinning operations possible:

  • First, underpinning using shafts (only suitable for load-bearing wall foundations).
  • They are underpinning by piles surrounding the foundation.
  • They are underpinning using micropiles passing through the foundation.

Choosing one or the other type of foundation rehabilitation intervention will depend on the designer’s criteria or the project manager. However, micro piles have recently gained a lot of presence in urban rehabilitation, where the space to work with is reduced.

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Health

Reasons To Use Hex Dumbbells.

If you are interested in buying dumbbells and barbells, you should know many training benefits. Most people bet on exercises with dumbbells to get strong, but this type of training helps gain a lot of muscle mass, which favors the burning of calories.

In addition to getting in better physical shape, you will improve your mood thanks to the endorphins released during the workout. As a result, you will feel less stressed and more energetic.

Hex dumbbells are training equipment at both ends with six sides, the main feature of a hexagon attached to a bar that forms the dumbbell. Their main advantage is that when placed on the floor or stored, they do not roll, allowing more excellent safety for the trainer; they are made of cast iron and have different coating materials that mark their quality and durability. They can be purchased in pairs or individually. They are very versatile and can be used at home.

A 22 lbs hex dumbbell weighs the same as a 22 lbs round dumbbell, so it may seem that the shape of the dumbbell is not essential for your workout. However, hex dumbbells do have some advantages that are worth knowing about before investing in them.

Most hex dumbbells are only available with contoured handles and are rubber coated. If you’re going to buy them, it’s worth looking for the rubber ones, as these won’t damage your floor, nor will they strip the paint off them.

The main benefit of hex dumbbells is that they don’t roll; if your floor is even slightly uneven (as many floors are), rolling can be a big hassle. Unfortunately, rolling can also be a hazard, especially when heavy things roll over your feet; on the other hand, the fact that hex dumbbells don’t roll is essential if you want to do specific floor exercises, such as dumbbell push-ups.

They are hexagonal and do not roll again to save time in your routines, time that you can invest in yourself and in your sport evolution and free time. Individual or in pairs, you can buy them on Amazon, compare the technical characteristics of each dumbbell offered, and check what users say about them. Then, buy the best one for you from the review of your budget.

Dumbbells can be used by both men and women who are healthy and want to do strength training. Sometimes they are also indicated for medical rehabilitation. They are an excellent option to tone your muscles and, at the same time, can help you lose weight. First, of course, following a proper diet. Dumbbells need little space and are ideal for exercising at home.

By developing the best of your muscle fibers, those myocytes will get to work, freeing themselves from the annoying fat that can cover us. The deltoids, biceps, triceps, shoulders, pectorals, and even the diaphragm can benefit from the use of dumbbells.

Start working out and get the perfect body to go to the beach without fear of being seen with those pesky love handles or flabby arms. Instead, show off the supermodel body you deserve.

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Home Improvement

What To Look For When Hiring An International Moving Company?

When selecting an international moving company, you need to know what you are buying. The lowest price may not include the same services you require, or you may have been quoted for a minor move to offer you a lower price and sell you on it, charging you the difference later.

The initial price is not the only difference between international moving companies. What you end up paying can be much higher than you thought if you go on price alone.

The experts at move tailors tell us that the first thing to compare is the size of the movement expressed in volume or weight, so ask at least two companies to visit your home and give you an estimate of the size and price of the move. There is no substitute for an in-home estimate; all others may not be reliable. If the size estimate is similar, you can continue with your comparison, but if there is a big difference, ask another mover for a size and price estimate.

Ask for a detail of the services included in the price and an estimate of expenses not related to the move, such as taxes or port charges, which are not always informed, and which you will have to pay anyway when customs requires them, and which some companies do not warn you about to give the false impression of a lower cost so that you buy from them.

Also, consider how many years the mover has been in business, whether they can offer references from previous customers, whether they have staff and equipment, and how good a service you receive when you contact them. For many years, a company is a sign of experience, seriousness, and security; otherwise, it would no longer exist.

We understand that you want a hassle-free move at a fair price, so look for quotes that accurately describe all the services included and estimate the cost for those that are not.

The services typically included in international moves consist of protecting and maneuvering your furniture and belongings, transporting and delivering them to your home in the new country.

Any other service may result in an additional charge if not included in the price, hence the importance of a home visit. You provide as much information about your home at your destination. For example, if you need to use stairs and elevators in the destination city, narrow streets or traffic restrictions prevent the truck from reaching the door, etc.

Move Tailors advisors remind us that you should not bring new items, natural plants, food and beverages of any kind (including water, canned or baby food, etc.), firearms, ammunition, counterfeit copies of items including CDs and DVDs, medicines, etc. and of course do not ship money, jewelry and valuable documents that you will need upon arrival such as passports, plane tickets, stock market shares, birth certificates, insurance policies, children’s report cards, etc. Remember that moving companies are not carriers of valuables.

The probability of significant damages during the move is small, but the possibility always exists, and in the remote case of occurrence, you have to be protected so that it does not represent a breakage to your economy; that’s why you need to know how protected you are if you insure or not.

The maximum liability for carriers, including movers, is limited, only a few cents per pound or kilogram of weight per damaged or lost item, so it is highly recommended to insure them by purchasing insurance to protect your belongings.

 

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Home Improvement

A Guide To Repairing A Cracked Concrete Floor

Concrete floors are super practical, plus, with the right finish, they look great in a myriad of spaces. Unfortunately, on some occasions, cracks can occur on the floor.

Many builders, supervisors, and clients think that concrete floors and flooring should be free of cracks. Some others assume that the concrete floor should be monolithic, that is, one-piece – what clients, builders, and supervisors have probably forgotten is that simple concrete floors must have contraction joints (induced cracks) cut to relieve internal stresses because if we did not do so, the concrete itself would seek to reduce those stresses by cracking uncontrollably. Therefore, each joint cut is a crack that divides the floor into small pieces or concrete slabs. The boards are like pieces of a puzzle, each fitting into, and interacting with, the other adjacent panels.

Whether it’s a garage floor or a modern room, if you have a cracked concrete floor, pay attention to these tips to learn how to repair it and make it look new.

First, to begin repairing cracks or breaks in a concrete floor, you should scrape the damaged areas with a wire brush, remove loose pieces, and give the surface a sufficiently porous and scratched texture to ensure proper adhesion material that will be used to fill and weld the cracking.

In the case of large cracks, it is recommended to cut at an angle below and to the sides of the edges of the opening to widen the bottom of the door with the aid of a chisel without widening the surface damage. This work will help the adhesive used for your filler stay in place and make the repair last longer.

The next step is to thoroughly clean the affected areas to remove dust, grease, loose stones, and any other dirt. To do a more thorough and faster job, you can take advantage of the intense pressure of a pressure washer and then let it dry.

If the damage to the concrete floor is limited to a few thin, shallow cracks, they are filled using masonry crack filler, which can be injected using a caulking gun.

Another commonly used material is a polymer-modified concrete-based mixture, an excellent alternative for concrete resurfacing Chicago, even those that may be as comprehensive as 60 cm. This type of concrete has high adhesion and withstands stress much better than the conventional type, as long as it is prepared according to the manufacturer’s instructions to the letter.

Wide cracks in a concrete floor can also be filled using a quick-setting cementitious mortar. In this case, water should be avoided, and an adhesive component should be added instead. The filling material should be applied with the help of a mason’s trowel, pressing it to prevent the formation of air bubbles and smooth the edges using a scoop.

After the repair material has been set, brush or sand to leave the area completely smooth.

Suppose the damage to the floor is much more extensive or requires concrete resurfacing Chicago. In that case, it can be a huge task for you, especially if you consider that if you are not very skilled in these tasks but still decide to do it, the expense will be double because if it does not look good, you will have to hire experts to remove the material you applied and apply the new one correctly.

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Finance

What Is the History of Cryptocurrency?

Almost 50 million Americans are now trading cryptocurrency. What was once considered to be an avant-garde investment is now becoming mainstream.

Digital currency has been around for a long time. Services such as Paypal popularized it. Cryptocurrencies such as bitcoin and dogecoin took the idea of digital currency to the next level by adding processes of encryption. 

What is cryptocurrency? The answer is more complex than you think. To understand this revolutionary digital asset you first need to understand the history of cryptocurrency. Read on to find out more.

Pre-Crypto

Before cryptocurrency, there was digital currency such as digicash. Digicash was created in 1989 and by 1990 it failed.

Even so, digicash proved that digital currency could be useful and set the stage for services such as Paypal to progress the idea. It wasn’t until the late 2000’s that the idea of encrypted digital currency was put into practice.

The idea of something such as cryptocurrency had been discussed by economists and financial experts for a long time. Bitcoin was the first time that these discussions turned into a tangible thing.

History of Cryptocurrency

Cryptocurrency all started with bitcoin. Bitcoin’s origins remain shrouded in secrecy. That said, most agree it came to fruition with the legendary release of the white paper written by bitcoin’s mysterious creator Satoshi Nakamoto.

This paper discusses how blockchain, one of cryptocurrency’s integral technologies, works. In these early days of bitcoin’s history, it wasn’t worth that much.

There is a story of how one investor bought a few Papa John’s pizzas with 10,000 bitcoins. At that time in 2010, this amount of bitcoin was only worth $41.

As time went on bitcoin increased in value in a series of dramatic price fluctuations. It soon gained a reputation as a volatile, risky, and lucrative investment. 

It was seen as more cutting edge than traditional investments such as the stock market. Eventually, bitcoin’s meteoric rise to popularity inspired competition.

Other forms of cryptocurrency began to emerge such as litecoin, ethereum, and more recently dogecoin. There are now countless cryptocurrencies available for trade on any of the major exchange networks.

If you buy or sell bitcoin you are no longer part of a fringe group of investors. Bitcoin, the head honcho of crypto, has a value in the tens of thousands of dollars for a single coin.

Many experts predict that bitcoin’s value could exceed $100,000 per coin by the end of the decade. Only time will tell what happens to its value. One thing is for sure however, cryptocurrencies are here to stay.

Crypto History Is Still Being Made

The history of cryptocurrency is very interesting if you are a financially minded person. The current times we live in are being revolutionized by cryptocurrency and digital currency.

Cryptocurrency’s history as an economic fixture is just beginning. Who knows what fascinating developments will happen in the coming years.

Do a bit more research first, but when you have a solid understanding of how crypto works consider investing some money in it. If you need more information about crypto or a host of other subjects check out our site!

 

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Casino

Everything You Should Know About Agen Domino99 Is Here

Gambling is defined as risking anything of material values, be it money or something valuable. The main motive in this context is to get more of what you have invested in it, be it money or something valuable.

The gambling modes may vary from sports bets to casinos; some must include poker, Online betting, Internet Gambling, Online lotteries, and agen Domino99.

Hundreds of games

One of the biggest benefits of choosing to play online on a casino website is that one can get a huge variety of games to choose from. In a real casino, only a few games are found as the floor space is limited, and so is the resources. However, in an online casino, there is no need for floor space, and that is why one can find several games at a finger touch. One can choose from several card games, slots, video games, roulette, etc.

Rewards and bonuses

To attract more players, casinos often tend to offer rewards and bonuses to their players. The rewards are playing points that the players collect. These rewards can be redeemed in various ways like extras spin, extra time, etc., along with many other perks. Also, one can avail to other bonuses like no deposit bonus, loyalty bonus, forts time bonus, etc.

Important points about gambling

Online gambling is not only termed to playing cards butalso anything intent to bet includes the gambling:

  1. Aside from the online casino, there are also sites that lubricants online sports betting, yet another sort of gambling. These sites allow people to bet on things like Sports, Political elections or even TV reality shows.
  2. There is no need to search for the nearest gambling casino as now players can have it online at their convenience.
  3. There is no time limit which makes it even more users friendly.However, there is a little limit on money as it has to be on credits.
  4. The money for inline gambling can come from credit cards, electronic check, money order or wire transfer.
  5. On 28 June 2001,the Australian Government passed the INTERACTIVE GAMBLING ACT 2001 to prevent Australians from the harmful effects of gambling.
  6. Online gambling is illegal in the states of Maharashtra under the “Bombay wager Act”. Online gambling in India is complicated as it is subjected to different state and central laws.
  7. GCB is responsible for regulating the rules on how gaming activities should be carried out. Rules include wide areas, which include: licensing, accounting and rules of casino games.

Comfort

Another crucial factor why online casinos are famous these days is that one can play favourites at agen domino99 from the comfort of one’s home. There is no need to search for a good casino and take out time specifically to reach the place. Instead, one can sit at one’s place after a hectic day and spend their evening playing their favourite games. One can also play these games on their mobiles as many of the casinos are now available in the application form.

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Auto

5 Car Care Tips You Should Know

A while back, owning a car was considered a luxury. Today, having a vehicle is not only convenient but also saves you a lot of hassle. Buying a car is a significant investment for many, and for this reason, it is only right that you take good care of it.  For it to serve you for long, it is imperative that you lavish it with some tender love and care. That said, below are a few ways you can take good care of your vehicle;

 

  • Wash it twice a week

 

Have you ever seen someone driving a dirty car around? If yes,you probably wondered aloud, “Can’t they see the car needs cleaning?” Well, one of the simplest ways that you can take good care of your car is by washing it. The number of times you will wash your car in a week will depend on how dirty it is. You can make a point of washing it at least twice a week for a clean look and remove any dirt particles or liquids that may have spilled on your car.  Ensure that you clean the interior of the car as well. Remember, the hygiene of the interior parts is as important as the exterior- Remove your 3D Maxpider mats, wash them and leave them out to dry. Also, you can vacuum the car at least once a week to remove any dirt particles inside the vehicle.  

 

  • Take it for regular maintenance

 

The other thing that you should do is to take your car for regular mechanical checkups. During the routine car checkups, the mechanics check every aspect of your vehicle from the engine, tires, oil, brake fluid, and so on. It is during these routine checkups that they may be able to identify an underlying issue early enough and work on it before it causes serious damage to your car. The mechanics also advise you if your engine needs some cleaning and also give you a date that you should go back for the next car maintenance.

 

  • Drive carefully

 

How you drive your car has a huge impact on its health. You cannot expect your car to stay strong if you drive fast through potholes, accelerate on bumps, and so on. You, therefore, need to be very careful on the roads and follow all the traffic rules and signs. This will not only ensure that your car is in perfect shape but also help you avoid causing accidents and getting in the wrong books of the authorities.

 

  • Polish and wax your car

 

For an extra shine, you may need to polish and wax your vehicle regularly. Waxing helps add extra shine while car polishing eliminates any minor scratches, oxidation, dirt, and swirls.

Taking good care of your vehicle by following the above-mentioned tips is a good practice. Also, be sure to choose a reputable car insurance company that can help you restore your vehicle in case of any damages caused by accidents.

 

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Business

How to Apply For A SME Loan in Singapore?

The economy of Singapore is fuelled by small and medium-sized businesses, which account for nearly half of the country’s businesses. As a result, SME funding makes up a sizable portion of the company financing industry, with businesses receiving working capital through a variety of SME loan items.

Aside from conventional banks and other financial institutions, which still provide the bulk of business loans in Singapore, financial technology (FinTech) is gaining traction as a viable alternative source of capital.

Crowdfunding and peer-to-peer lending services are also open, making the donation process much simpler and faster. These financial technology companies are causing a stir among Singapore’s small and medium enterprises.

Banks and financial institutions have grown and advanced as a result of technological adoption, and their applications and operations have become faster and more reliable as a result of automation.

To be eligible for SME loans, you just need to plan your application in such a way that it meets all of the requirements.

The below is a step-by-step guide to applying for an SME loan application:

  • Creating a comprehensive strategic strategy

Many banks and moneylenders would need a solid financial strategy, which will serve as an introduction to who you are and what you do.

Prepare to state the company’s priorities, purpose, and how you intend to operate it to meet all of the listed goals.

A strong strategic strategy indicates that the company is going to prosper in the eyes of the investor.

  • ​ Describe how you want to spend your money

Moneylenders typically want to see if you intend to repay the loan you took out. You should apply for an equipment loan if you intend to use the money to purchase equipment.

You may even apply for a short-term loan if the aim is to keep the company going before the debtors pay you.

It is simpler for the moneylender to decide if the amount requested will satisfy any of your conditions if you mention what the loan will be used.

  • Specifying the amount of money you’ll need

Be sure you do your homework to avoid underestimating or overestimating the amount of money you’ll need.

If you undervalue the number, you will face financial difficulties in the future. Overestimating causes the bank or financial institution to doubt whether you conducted a thorough analysis prior to drafting your business plan.

  • Keep your credit score in fine shape

Though some approved moneylenders will give you a loan even if you have a poor credit score, it is preferable to have a good credit score.

Furthermore, both banks are also expected to check that each borrower is qualified for a loan. As a result, make sure to review your credit reports and ratings.

Maintaining a credit score of at least CC is also recommended. Credit grades in Singapore vary from AA to HH, with AA being the highest.

  • Examining all of the financing choices

If you’ve determined that your credit score is appropriate, you’ll need to conduct research and compile a list of banks, moneylenders, and financial institutions in Singapore that will provide you with the loan you need.

Choose one that provides low-interest loans with the most lenient acceptance requirements.

  • Keeping accurate financial statements

Maintaining proper financial statements would make it simpler if you are applying for a business loan, particularly from a bank.

To determine if you have the ability to pay back, banks and other financial institutions may examine your balance sheet, statement of cash flows, and financial information.

It’s time to start keeping these notes if you haven’t already. They could come in handy if you need a loan in the future.

  • Making an appointment and planning a meeting 

Be sure you view your application for a small business loan in the best way possible if you really want the mortgage lender at your finance company to accept it and give it a second glance.

It’s critical to prepare a presentation of your business strategy and application, as well as a technical kit that includes a narrative, the necessary financial statements, spreadsheets, maps, and an executive summary.

Have an Executive Summary as well, as many loan officers look at the Executive Summary first to see if they’re involved. Make an appointment with your mortgage lender and request enough time to give a brief presentation based on the business plan, complete with visual aids. Be succinct and structured when doing so.

As you can see, securing an SME loan in Singapore is not a difficult task. And with so many financial firms, banks, and moneylenders out there, you are bound to find one that will be willing to finance you and meet your needs. Simply make sure you have a solid business strategy in place, decide how you’ll invest your money, and estimate the sum you’ll need accurately.

Furthermore, maintaining a decent credit score is critical at all times. Credit Bureau Singapore charges a processing fee of $6.42 to verify your credit score. Only take out what you can afford to repay in time, so don’t undervalue the amount to avoid a potential financial crisis.

What is the SME loan rates Singapore?

  • The effective interest rate for an unsecured business term loan ranges from 8% to 12% per annum.
  • Government lending projects have an average interest rate of about 7% to 9% per annum.
  • Secured loans for vehicles and machinery include a flat rate of interest ranging from 2% to 7% per annum.
  • The effective rate for revolving facilities such as trade lending and factoring is between 6% and 9% per annum.
  • Property lending is the most cost-effective mode of financing, with interest rates ranging from 2% to 4% p.a.

Different banks have different interest rates. In general, interest is measured by the borrower’s credit score, the debt amount, and whether the loan is collateralised.

The interest rates on most Singapore business loans are determined on a monthly reducing rest basis, with the principal debt amortised over the loan term.

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