Why You Should Apply For Funding Before Tax Day

According to the monthly analysis by the Biz2Credit Small Business Lending Index™, rates for loan approval at big banks picked up where they stopped in 2016. This resulted in improved post-recession highs in January 2017. Rates for loan approval at small banks and institutional investors didn’t prove to be weak.

Alternative lenders also saw an increase in their loan approval rates. If you’re interested in applying for business funding, consider turning to a reputable alternative lender like First American Merchant. FAM offers the best business funding opportunities in the industry and is a reliable payment processor that specializes in the high risk sector.

In January, big banks granted 24%of funding requests as opposed to the summer of 2011 when less than 10% of loan applications were approved. Regional and community banks are currently approving about 48.9% of their requests. When it comes to institutional lenders, this number is 63.4%. Being in the quest for high yields, international players are also interested in the small business lending market in the US.

Small business owners looking for expansion or upgrades should take the following steps:

  1. Don’t Be Slow

As compared to 2016, interest rates didn’t go too much higher, and maybe you won’t see them as low again.  If 2015 was great for you, and you had a slower 2016, don’t hesitate to apply before April 15, IRS filing date. By applying before April 15, you’ll be able to submit financials showing the strongest year to be the last year for which you filed returns, that is 2015. If you wait until May or June, you’ll have to submit financials for 2016.

  1. Prepare All the Necessary Paperwork

File the necessary documents. Make sure not to miss the deadline, otherwise,your company will be considered inactive. As a result, the loan process will be delayed.

  1. Don’t File Your Taxes Late

Don’t forget that while you can ask for an extension on filing, you must pay the taxes owed on April 15. Being late will result in interest charges and late fees.In case the number is large enough, your company will be imposed a tax lien by Uncle Sam.

Modern market realities enable lenders to modernize and make the process quicker. You, as a borrower, should have a sense of urgency as well. Don’t be slow. Take advantage of the economic situationand low interest rates.

Understanding Basic Rights When You’re Pulled Over For DUI

Driving under the influence or DUI is a harsh charge that can damage your driving record for many years. Being influenced by a substance, from alcohol to prescription drugs, causes you to drive erratically. It’s the officers’ jobs to maintain safe streets so pulling you over is part of their protocols. However, you have rights as you’re pulled over for DUI. Learn what is legal and illegal during a standard stop.

Showing Probable Cause

You can’t be pulled over for no reason. Police officers must have probable cause to pull you over. If you’re suspected of DUI, you may have driven with the headlights off or swerved along the roadway. Both of these actions are legal grounds to pull you over. When the officer walks up to your vehicle, he or she should state why they pulled you over. They must offer a specific reason or else the stop isn’t a legal one.

Answering the Questions

Regardless if you’re guilty or not guilty of DUI, the officers will ask you several questions. Drinking amounts, times and other information may be asked of the driver. From a legal standpoint, you don’t have to answer these questions. You can decline to provide an answer. However, the officers may perceive this defiance as disrespectful. Choose your words carefully, and tell them that you’re going to contact your Alameda DUI lawyer as an alternative. This statement may neutralize the situation into a more civil conversation.

Performing a Sobriety Test

When the officers suspect that you’ve been drinking, they can ask for a field-sobriety test. Walking a line or breathing into an analyzer are common choices among law-enforcement officers. There’s an ongoing debate about the legality of these tests. If you decline, this action will often be held against you. You may be perfectly sober, but walking a straight line is difficult. Use your best judgement when it comes to tests and your particular comfort level.

Allowing a Search

Officers cannot search your car without your permission or a warrant. However, there is an exception to this rule. If the officers smell or see any drug influences in the vehicle, they have a right to search it. Be smart by maintaining an immaculate vehicle. The officers will have no reason to search it otherwise.

If the proper protocols aren’t followed in these situations, your DUI arrest may not be valid. A judge might throw it out of court if your rights are violated or laws are broken on the officer’s side. Be aware of your rights so that any encounters with law enforcement are positive and fair. They’re ultimately in the neighborhood to protect and serve the public.