#Non Banking Financial Companies

[nehajosi]

How Non-Banking Financial Companies and Business Loan EMI Calculators Empower Entrepreneurs

In today’s dynamic economic landscape, Non-Banking Financial Companies (NBFCs) play a pivotal role in bridging the credit gap for businesses. Entrepreneurs often rely on NBFCs for their flexible loan offerings and tailored solutions. Alongside this, tools like business loan EMI calculators are becoming indispensable for business owners to plan their finances effectively.

This article delves into the importance of NBFCs and how a business loan EMI calculator can help businesses make informed financial decisions.

The Role of Non-Banking Financial Companies in Business Lending

Non-Banking Financial Companies are financial institutions that offer various services, including loans and credit facilities, without holding a banking license. Their ability to provide flexible loan options and faster approvals makes them a popular choice among entrepreneurs.

Why Choose NBFCs for Business Loans?

Flexible Loan Options: NBFCs cater to diverse needs, offering loans for working capital, equipment purchases, and business expansion.

Simpler Eligibility Criteria: They have relaxed eligibility requirements compared to traditional banks.

Quick Disbursement: NBFCs prioritize faster processing and loan disbursement, crucial for businesses that need immediate funds.

Customized Solutions: Many NBFCs design loan products tailored to specific industries or business sizes.

Ambit, a leading name among NBFCs, stands out by offering innovative financial solutions and seamless services to businesses across various sectors.

Understanding Business Loan EMI Calculators

A business loan EMI calculator is an online tool that helps borrowers estimate their monthly repayment obligations. It provides clarity on the financial commitment associated with a loan, enabling better planning and decision-making.

How Does a Business Loan EMI Calculator Work?

The EMI is calculated using a simple formula:

EMI=P×R×(1+R)N(1+R)N−1EMI = \frac{P \times R \times (1+R)^N}{(1+R)^N - 1}EMI=(1+R)N−1P×R×(1+R)N​

Where:

PPP = Loan Amount

RRR = Monthly Interest Rate

NNN = Loan Tenure in Months

The calculator takes these inputs and instantly displays the EMI amount, total interest, and overall repayment amount.

Benefits of Using a Business Loan EMI Calculator

Financial Planning: Understand your monthly obligations before committing to a loan.

Error-Free Calculations: Avoid manual errors with precise computations.

Time-Saving: Get instant results by entering basic loan details.

Comparative Analysis: Compare different loan options by adjusting loan amount, interest rate, or tenure.

Steps to Use a Business Loan EMI Calculator

Open a trusted business loan EMI calculator—many NBFCs, including Ambit, offer them online.

Enter the loan amount you intend to borrow.

Input the applicable interest rate and loan tenure.

Click “Calculate” to view detailed results.

Adjust parameters to explore repayment options that suit your business needs.

Why Ambit is the Right Choice for Business Loans

Ambit is a trusted name among Non-Banking Financial Companies, known for its customer-centric approach and innovative loan solutions. Here’s why you should consider Ambit for your business financing needs:

Customized Loan Products: Ambit offers tailored loans designed to meet the unique needs of small and medium-sized enterprises (SMEs).

User-Friendly Tools: With their intuitive business loan EMI calculator, Ambit ensures you can plan your finances effortlessly.

Conclusion

Non-Banking Financial Companies have revolutionized business lending with their flexible and accessible loan offerings. When combined with tools like a business loan EMI calculator, entrepreneurs can make well-informed decisions, ensuring their financial commitments align with business goals.

Platforms like Ambit not only provide robust financial solutions but also empower businesses with tools that simplify the lending process. Leverage the power of NBFCs and EMI calculators today to secure the financial future of your business.

[alomaniya]

Top Non-Banking Financial Companies Offering Startup Loans for New Businesses

In the ever-evolving world of business, startups are becoming increasingly prevalent as aspiring entrepreneurs strive to bring their innovative ideas to life. However, one of the biggest challenges faced by new businesses is securing the necessary funding to get off the ground. This is where non-banking financial companies (NBFCs) play a crucial role in providing startup loans to support these budding ventures.

Unlike traditional banks, NBFCs are financial institutions that offer a wide range of financial services, including loans, to individuals and businesses but do not hold a banking license. This gives them the flexibility to cater to the specific needs of startups and offer more personalized loan products that may not be available through traditional banking channels.

When it comes to securing startup loan for new business, NBFCs are an attractive option for entrepreneurs looking for quick and hassle-free financing. These companies understand the unique challenges faced by startups and tailor their loan products to meet their specific requirements, providing a much-needed lifeline for budding entrepreneurs.

Here are some of the top non-banking financial companies that are leading the way in offering startup loans for new businesses:

LendingClub: LendingClub is a peer-to-peer lending platform that connects investors with borrowers, including startups looking for funding. The company offers unsecured personal loans for business purposes, making it an attractive option for entrepreneurs who may not have a strong credit history or collateral to secure a traditional bank loan.

Prosper: Prosper is another peer-to-peer lending platform that provides personal loans for new businesses.850Starting a new business can be an exciting but challenging venture. One of the biggest challenges entrepreneurs often face is securing the necessary funds to get their business off the ground. Traditional banks may not always be the best option for new businesses, as they often require extensive documentation and have strict lending criteria. This is where non-banking financial companies (NBFCs) come in.

NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. They offer a variety of financial products and services, including startup loans for new businesses. These companies are often more flexible and quicker in their lending process compared to traditional banks.

If you are a new business owner looking for a startup loan, here are some top NBFCs that offer personalized loan options for new businesses:

LendingClub: LendingClub is a peer-to-peer lending company that offers personal loans for new businesses. They have a simple online application process and quick approval times, making it easy for new entrepreneurs to access the funds they need. LendingClub also offers competitive interest rates and flexible repayment terms, making it a popular choice for many startups.

Prosper: Prosper is another peer-to-peer lending platform that offers personal loan companies for new businesses. They have a straightforward application process and offer loans ranging from $2,000 to $40,000. Prosper also has competitive interest rates and allows borrowers to choose their repayment terms, making it a convenient option for new entrepreneurs.

OnDeck: OnDeck is a leading online lender that specializes in providing loans to small businesses. They offer short-term loans and lines of credit to new businesses, with loan amounts ranging from $5,000 to $250,000. OnDeck has a simple application process and quick funding times, making it a popular choice for startups in need of fast cash.

Kabbage: Kabbage is an online lending platform that offers lines of credit to new businesses. They provide lines of credit up to $250,000 with flexible repayment terms and no hidden fees. Kabbage also has a quick and easy online application process, making it a convenient option for new entrepreneurs.

Funding Circle: Funding Circle is a peer-to-peer lending platform that offers term loans to new businesses. They provide loans up to $500,000 with competitive interest rates and flexible repayment terms. Funding Circle is known for its quick approval times and excellent customer service, making it a top choice for many startups.

When looking for a startup loan for your new business, it is essential to consider your specific financial needs and choose a lender that offers personalized loan options. Non-banking financial companies like LendingClub, Prosper, OnDeck, Kabbage, and Funding Circle are excellent choices for new entrepreneurs looking for fast and flexible funding options. With their easy application processes and competitive interest rates, these NBFCs can help you get your business off the ground and on the path to success.

[atulksposts]

In the fast-paced corporate world, MSMEs often face cash needs, leading them to seek loans from friends, family, or banks, which can be time-consuming and document-heavy. Non-Banking Financial Companies (NBFCs) offer quick solutions like Instant Business Loans. Investkraft, a reputable NBFC, provides loans up to Rs. 5 lakhs with minimal documentation, catering to various business needs like hiring staff, purchasing equipment, or managing inventory. Their unsecured loans are accessible online, ensuring faster approval and disbursement. Investkraft's process requires basic documents like business registration, identity proof, and financial statements, making it hassle-free for MSMEs. Instant Business Loans empower small businesses, promoting growth and addressing urgent financial demands effectively.

[cslfinance]

What are Non-banking financial Companies | csl finance

Non-Banking Financial Companies also called Non-Banking Financial Institutions are governed by the Reserve Bank of India Act 1934 where they are allowed to perform multiple financial services in which lending, investment, and insurance are prominent. Apart from these, NBFCs are not allowed to get the deposit from the customer’s side and there are no services like saving accounts. But it plays a significant role in the country’s development in economic, infrastructural, and other segments. It has strengthened the country’s economic growth by providing financial services for household needs. There are multiple NBFCs functioning with all the permission and under the supervision of the Reserve Bank of India and as per their financial services, they are classified.

Types of NBFCs

There are different types of NBFCs, especially based on their services.

Lending Company

A loan company comes under the NBFC which provides personal loans to customers as per their eligibility and terms and conditions. There are various loan schemes such as a personal loan for the short-term, long-term etc. Rate of interest and tenure, everything pertaining to the services are fixed under the guideline of the Reserve Bank of India.

Housing Finance

Several NBFCs are there that provides home loan to ensure the dream of owning a house. These days, home loans are broadly borrowed from these types of NBFCs because of their flexible and easy services.

Asset Finance company

These kinds of NBFCs provide loans to procure assets for different enterprises, small-scale industries etc. It provides business loans for individual purposes also.

Microfinance Company

These types of finance companies are there to help entrepreneurs in rural areas to start their small businesses. It’s there are multiple finance company in Delhi NCR that provides fund to start a business for young people and it is a great initiative to strengthen the employment scheme.

Mortgage Company

It comes under the scheme of a secured loan where a loan is provided against the property or collateral where one can borrow a significant loan amount as per his requirement and the true value of the property.

Benefits and features of NBFCs.

With immense competition in the market, every NBFC always try to be ahead and to accomplish this process and achieve their target they provide multiple offers, flexible services, competitive interest rate, tenure, etc. that can be comfortable for your requirements.

NBFCs always enrich their customer’s relationships and services using state-of-the-art services that enhance the customer’s experiences. The best features of NBFCs are their instant response to your concerns which makes them more worthy.

Why NBFC are better than banks?

Although it’s all about the delivery of services and their speed, transparency, flexibility, and all, NBFCs are far ahead of the banks. Because they proceed with their services as soon as possible without any approach or presupposition. However, the approval of the loan and other services are completely subject to the eligibility criteria of customers.

Conclusion

There are different NBFC companies in Delhi NCR, which is functioning with the guidelines of the Reserve Bank of India and all the NBFCs across the country are playing a huge role in the nation’s economic, infrastructural, and overall development. Overall, non-banking finance companies are soaring higher by releasing loads of banks with their fast, transparent, and reliable services.

[corpbizlegal]

Learn what you need to know about NBFC license certification, including the prerequisites, legal framework, and application steps involved in getting certified as a Non-Banking Financial Company

[structuredbiiz]

Understanding Non Banking Financial Company in India

What is a Non-Banking Financial Company (NBFC)?

An NBFC is a company registered under the Companies Act, 2013, that provides financial services but does not hold a banking license. NBFCs operate in various sectors such as loans, asset financing, insurance, leasing, and investments. They are regulated by the Reserve Bank of India (RBI) under the RBI Act, 1934, but do not offer core banking services like accepting demand deposits from the public or issuing checks.

Key Differences Between NBFCs and Banks

While both banks and NBFCs provide financial services, there are some key differences:

1. Deposit Acceptance: Unlike banks, NBFCs cannot accept demand deposits.

2. Payment and Settlement System: NBFCs are not part of the payment and settlement system and cannot issue checks.

3. Deposit Insurance: Deposits with NBFCs are not insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), unlike those with banks.

Despite these differences, NBFCs are pivotal in delivering financial services across various sectors.

Types of NBFCs

NBFCs in India are categorized based on their activities and types of deposits accepted. Here are the main categories:

1. Asset Finance Company (AFC): Engages in financing physical assets like machinery, automobiles, and equipment used in productive sectors.

2. Loan Company: Primarily focuses on providing loans and advances that do not involve asset financing.

3. Investment Company: Engages in acquiring securities, such as shares, stocks, and bonds.

4. Infrastructure Finance Company (IFC): Specializes in funding infrastructure projects and requires a minimum Net Owned Fund (NOF) of Rs. 300 Crore.

5. Microfinance Institution (MFI): Provides microloans to individuals or small businesses, particularly in rural and semi-urban areas, with a focus on income generation.

6. Core Investment Company (CIC): Holds a minimum of 90% of its total assets as investments in group companies, with 60% of its equity investments in these companies.

7. Infrastructure Debt Fund (IDF): Facilitates long-term debt flow into infrastructure projects by raising resources through bonds.

8. NBFC-Factors: Engaged in the business of factoring, which involves the sale of receivables to improve cash flow.

9. Mortgage Guarantee Companies (MGC): Provides mortgage guarantee services with at least 90% of assets in guarantee business. Visit our website for complete details.

Advantages of NBFCs

NBFCs offer several advantages over traditional banks:

1. Diverse Financial Services: NBFCs can engage in various activities such as loans, leasing, hire-purchase, insurance, and investment management, offering a broad range of financial services.

2. Regulatory Flexibility: Although regulated by the RBI, NBFCs enjoy more flexibility than banks, which allows them to cater to niche markets with innovative financial products.

3. Easier Access to Capital: NBFCs can raise funds through various means, including debentures, bonds, and loans. Some NBFCs are also allowed to accept deposits.

4. Faster Loan Processing: NBFCs often have streamlined loan approval processes, resulting in quicker loan disbursals compared to traditional banks.

Foreign Investment in NBFCs

The Indian government allows 100% Foreign Direct Investment (FDI) in NBFCs under the automatic route, provided they engage in certain specified financial activities such as asset management, stock broking, financial consultancy, and venture capital. NBFCs with foreign investment must comply with minimum capitalization norms as defined by RBI guidelines, depending on the level of foreign ownership.

Registration Process for NBFCs in India

To operate legally, an NBFC must undergo a registration process with the Reserve Bank of India. Below is a step-by-step guide:

1. Incorporate the Company: Register your company under the Companies Act, 2013, ensuring that the primary objective is engaging in financial activities.

2. Meet the Net Owned Fund (NOF) Requirement: Ensure that the company has a minimum NOF of Rs. 200 Lakhs, primarily in equity shares.

3. Prepare a Detailed Business Plan: Draft a comprehensive business plan, including financial projections and operational strategies.

4. Apply Online: Submit an online application to the RBI through its official portal along with required documents such as the Certificate of Incorporation and business plan.

5. Submit Hard Copies: Send a signed hard copy of the application and supporting documents to the regional RBI office.

6. Board Resolutions: Pass board resolutions confirming adherence to RBI’s Fair Practices Code and affirming that the company will not engage in restricted activities.

7. Director Credentials: Ensure that at least one-third of the company’s directors have a minimum of 10 years of experience in finance.

8. Comply with RBI Norms: Meet any additional compliance requirements such as CIBIL ratings and FDI norms, if applicable.

Conclusion

Non-Banking Financial Companies (NBFCs) are integral to the financial system in India, providing essential services that extend beyond the reach of traditional banking institutions. By facilitating access to credit, especially in underserved areas, NBFCs contribute significantly to economic development and financial inclusion. With a thorough understanding of regulatory requirements and a clear registration process, businesses can successfully enter the NBFC sector and thrive in India’s growing financial ecosystem.

[skfinanceblog]

Navigating Financial Solutions In India And A Deep Dive Into Personalized Loan Services.

https://www.skfin.in/blog/navigating-financial-solutions-in-india-and-a-deep-dive-into-personalized-loan-services/MTAw

[jitenderbilani]

Tax Benefits You Can Avail Against Home loans Non-Banking Financial Companies (NBFCs) have emerged as an important source of credit for individuals looking to purchase a home. The significance of getting a home loan in India from NBFCs is they offer the best loan options that are both flexible and customised to suit the customers’ needs. For more info :  Tax Benefits You Can Avail Against Home loans

[misahyochaeng]

“C'est la vie”

Jihyo x Fem!reader.

Chapter 1-(?)

Other chapters here:

tw: angst, cursing, mentions of violence, NOT PROOFREAD.

—

Jihyo tapped her pen on her dark colored meeting table, she had her legs cross as she analyzed the company stat numbers on her file paper.

She found herself at a high-stakes meeting about the company’s flagship luxury brand. The company in financial trouble due to increasing competition, declining market share, and a terrible PR scandal that left the whole company in practical shambles.

She radiated authority, control, that’s all she needed—all she wanted in life, she bit on her customized pen as she stared at her workers who had fear in their faces. Almost like a bomb was about to go off in seconds, one of them spoke up.

“Ma-Ma’am, last quarter's revenue dropped 15%. At this rate, we won’t make it through the next fiscal year without drastic measures." they stammered, fiddling with their note pages and scribbling down rather stressfully, trying to scan Jihyo’s face for any sign of approval.

“Stop staring” she bit back at the worker “S-sorry ma’am..” they jolted as they put their head down in shame, shoulders hung low. “We’ll cut back on unnecessary expenditures. Focus on high-margin products and reduce reliance on underperforming lines.”

Yoo Jeongyeon, a close friend and other worker in the meeting stood up, a bit of authority in her words; she knew Jihyo, she knew how important the company was for her and how stubborn she was— she retorted in a scolding tone. “That’s not enough, Jihyo. The competition is eating into our market share. Investors want results.” she stared into her eyes, Jihyo’s darkened and narrowed, her patience was wearing thin.

Jihyo cursed under her breath, taking a heavy sigh before speaking up. “Then we remind the market who we are. Revamp the flagship brand. Launch a bold campaign that no one can ignore. If we can dominate the luxury sector again, we’ll be sure to pull through”— she bit the inside of her cheek.

Another worker interrupted, Sana, the company manager, almost like a relative to Jihyo, “How do you plan to finance this ‘bold campaign’? The bank rejected our last request for additional credit.” she used air quotes.

Jihyo clenched her fist, gritting her teeth as she spoke up, voice husky with annoyance. “Fucks sake, we don’t need them. I’ll negotiate with new partners.” her pen snapped lightly from the tight grip she had on it, the ink bleeding into her palm.

That’s when someone slammed the door open, “Jihyo-ssi… about that,” her mother walked in the room, the atmosphere growing even more tense. “What the hell are you doing here” Jihyo uttered with resentment “Have you been overhearing this entire conversation? This is none of your business.”

Her mother slid a file to her end of the table, “That’s not the point. I want to talk to you about that... There’s an alternative. We’ve been in talks with the Beaumont Group.” Jihyo’s eyes widened, she tried maintaining her compuse, not allowing herself to be vulnerable infront of anyone.

“The Beaumont Group? The one we've been competing with for years?” Jihyo’s eyes widened as she closed herself off more, the pen still staining her hand—a quiet mark of the decisions she could no longer avoid.

“They’re willing to partner with us... under one condition.” Her mother took off her sunglasses, i look of worry and slight guilt in her eyes, Jihyo knew something was off. “And what’s that?” her eyebrows furrowed in suspicion.

Her mother hesitated. "A marriage. Between you and Y/N Beaumont. It’s non-negotiable."

Jihyo stood up abruptly, the disgusting name leaving her mother’s mouth was her last straw, and knowing she’d had to marry that putrid woman made her blood run warm, the pen finally snapping in half, it fell to the floor. “You’ve got to be fucking kidding. You want me to marry someone for the sake of this company?!”

“This isn’t just about you, Jihyo. It’s about saving what your family built” Jihyo’s mother muttered, this time more sternly.

Jihyo sighed, her coworkers stared at the commotion in fear.

“Get out.” she mumbled as everyone stood still.

“Get the fuck out!” everyone picked their bags in a rush as the room fell empty little by little. Jihyo’s mother sat down next to her

“Listen to me…”

—

Three clicks of a camera.

Multiple flashes.

“Y/N over here!”

“Move your hands more to the side”

“Perfect!”

“You’re so beautiful, Ms. Beaumont! A true doll!”

You smiled, moving to your best angle, adjusting your head and giving a picture perfect smile.

“That’s it, Y/N! Hold that pose—turn your head slightly to the left. Perfect. You’re killing it!”

You shifted effortlessly, your chin tilting just enough to elongate your neck, the corners of your lips curling into a knowing smile. You knew you were untouchable—at least, you liked to think so.

From the corner of the studio, your manager—and childhood friend—, Momo, approached hesitantly, clutching her phone like a lifeline. The lines of worry etched on her face stood in stark contrast to the polished, almost ethereal scene before her. “Love, we need to talk, it’s important.”

You didn’t flinch. Eyes stayed locked on the camera as if her voice had no place in your world, “Momo, dear, can’t you see i’m a bit busy right now? Unless it’s about booking Paris, it can wait.” you said inbetween your smile.

“This can’t wait, Y/N-ie.”

The photographer lowered his camera, a hint of irritation crossing his face. "Can we get five minutes? You’re ruining the shot here, ass-face.”

��First of all, who are you calling Ass-Face?! It better not be her cause the only ass-face you’re getting is yours when you see your paycheck after this shoot, cock sucker.” You exhaled sharply, the sound of your frustration cutting through the studio hum. With a flick of the wrist, you waved off the crew and turned on your heels, the hem of your gown trailing behind you like a stormcloud.

"Fine. Five minutes, Momoring, what is it?."

You said as to stepped off the set, towering in stilettos, every inch of you still radiating the effortless control of a goddess. Yet, as you faced Momo, the faintest flicker of annoyance darkened your expression.

Momo hesitated, looking anywhere but directly at you. She ran a hand through her hair, the tension palpable. "Your parents have been in talks with the Park Family. They’ve come up with a... plan to strengthen both families’ positions."

Your eyebrows furrowed together, “What kind of plan..” a pit grew in your stomach as your anxiety grew. “An arranged marriage. To Park Jihyo."

For a moment, you blankly stared, the words sinking in like a hollow stone dropped into a body of water. Then, you laughed—a sharp, bitter sound that cut through the studio like glass shattering. "You’re joking, Momoring. That’s the most ridiculous thing I’ve ever heard." you slapped her shoulder playfully.

Momo didn’t laugh.

"You’ve met Jihyo before. At the charity gala last year."

Your laugh cut off abruptly. Eyes narrowing as the memory surfaced—Jihyo, stiff as a board, barely speaking, radiating cold disinterest; that was until the most expensive luxury piece of her brand snapped off your neck, falling to the floor and shattering in pieces. The argument you had blared your ears, and tears swelled in your eyes as you thought about it again.

"Oh, that Jihyo. The one who spent the whole night glaring at their phone and avoiding eye contact, until i ‘broke’ her shitty brand necklace!? You’re telling me I’m supposed to marry them? I didn’t even fucking break it!!" Your voice cracked slightly at the end, the weight of the word "marry" pressed down on you like a stone.

Momo tried to speak up, a hand caressing your side to comfort you, "I know this isn’t what you want, but—"

"What I want? You think I want any part of this? I don’t even know them, Momo!"

You ran a hand through your perfectly styled hair, disheveling it slightly. The gesture was so uncharacteristic of you that even Momo looked startled.

"Y/N, this is bigger than you. It’s about your family, your legacy—"

You pulled Momo close, going to whisper in her ear, voice breaking slightly, "It’s always about them, isn’t it?" Your shoulders sagged, the fight draining out your body. For once, you didn’t have a quick retort or biting comment. You looked down at your shaky hands, noticing the faint smudges of makeup from touching your face, you wiped them on your gown without caring.

"I need a minute." Without waiting for a response, you turned and walked back to the set. The photographer called out to you, but his voice barely registered. You slipped back into position, forcing a smile onto your face. The camera flashed, capturing her perfection.

But in that moment, you felt anything but perfect.

[yinwaryuri]

Jack and Joker: The Bank Scene

Happy Monday my friends, we finally are getting our gay heist show! YinWar truly have outdone themselves with the level of quality they've put into it and I couldn't be more excited or more grateful.

I wanted to break down the scene where Joke robs the bank because, given my experience in banking, it's was scripted very purposefully in favor of suspending our belief. Admittedly, my experience is in the US, and not all financial institutions operate the same, but for safety and security measures they're pretty standard across the board.

I was really appreciative of the disclaimer given ahead of time. It speaks to the research that was done for the sake of how much they could accurately portray the events, and when that seemed impossible and they couldn't let go of the scene, they said fuck it - gay story over realism it is. This break down is certainly not to dig at the writing; it's more to buff my knowledge than anything.

We love you YinWar, thanks for having respect for bank employees. Now let's get to the employees I don't respect, and the non-employee that I do.

For the most part, security officers don't need to do more than greet customers, and if there is any suspicion he shouldn't immediately interrogate someone. He's there for when things get escalated, or if there are any faces he should be looking out for (anyone banned from a branch for any reason), then he can confront them. If Joke had made an attempt at another location and that one tipped off others, then he would have a reason to suspect him.

Joke's mistake here: Being seen. He is so identifiable throughout. The show didn't bother checking any CCTVs, but he makes no attempt to hide from them. Instant jail. Sorry my guy. He also chooses a very unusual method and time of day to strike.

Since the officer did confront him, Joke gives an excuse.

This was a good call. If someone from another location or office, or a third party contracted service is coming, the employees would be notified beforehand of whom they should be and during which times. And even if the person is easily recognizable physically, they will have company identification on them, and if the security measures are extra strict, a form of government ID would also need to be shown.

LOUD WRONG ANSWER BUZZER

So what Joke is going to look for is someone who appears less competent. He looks at the older woman who likely has years under her belt and knows he has no chances there. But the girl to her left....

TARGET ACQUIRED

And she's already in trouble.

Oh hon.

That's never a situation I'd want to be in. Calling customers to inform them that there's been a mistake made on their account is never fun and it often is hard to reach them. There are ways of simply correcting the error and informing the person after it's been done just so they know what to expect when they look at the activity on their statement. Whatever the case, she's new, inexperienced, and having a bad day.

The balls he has to say this. Bestie. Have you ever touched banking software.

He's just getting her out of the way. If she had received any proper training and meant to apply it at all, this would've been a red flag. She is trusting the judgement of the security officer. Joke hasn't introduced himself by name and if he meant to help fix the mistake he wouldn't make her leave. It would be her responsibility and a good training opportunity. Instead, this happens....

She's risking so many things! Security within the immediate premises, security of the bank's information, confidentiality of the customers' information (which is literally their government ID, home address, other contact info, ALL of their accounts and activity). Absolutely a bad move.

GIRRRLLLL. That is on you. I saw her hesitate, but in the end just knew it was bad. At least where I've been, that possibly means fines and/or jail time for her as well, depending on the severity (most likely fines though). This poor girl is gonna have the worst confidence about her ability on the job after learning she helped a guy embezzle money. Where's her story?

Joke sends the security guard away, gets behind the desk with Carbon's ID and is likely planning to simply empty his account and leave. Then who should show up but Jack! (Next time please direct him to wait in a queue, your "manager" is supposedly still fixing your little check blunder, remember?)

And even Joke is nervous for a moment because he definitely didn't want to get the cute bartender involved.

Nevertheless, he humors Jack and listens to the bittersweet story of his childhood and his dream of opening a school. I love Jack, I really hope that he is able to open that school someday too.

So this part of the loan process is called the interview. It's where the employee will get an idea of the customer's needs and see if the bank's service is what they're looking for or if there is any particular offers they can make at this time. It's an important process when dealing in person because it will hopefully help the customer know which steps they can take depending upon approval. It's also where documentation is asked to verify what can be approved.

For the most part, Joke's charisma would be fantastic for a banking career because he seems natural at facilitating a conversation that requires someone to open up about their financial needs. He loses marks for not checking actual information, not filing any copies of the information he has been given, not explaining any details about paying the loan down or how having an account works, not starting the account opening process, and the numbers they talk about are vague so we don't even know how much money is in question here (which is probably a writing choice and I'm fine with it).

Instead Joke pulls a Picard and decides to make it so. And flirts at the same time. There's no signage around the branch to speak of this program and he doesn't go into any details, he simply grabs the stamp and seals their fates together.

I do think it's a sweet little change of mind he has. He was simply going to inconvenience Carbon, but what better way to do it (in his mind) than to give the money to the guy who got snubbed because of him?

The office being truly empty does crack me up. Who is supposed to be there and why are they gone? Also, for a bank, that vault is incredibly small. That is a home safe, that is not for securing the assets of the public. Also, most places have updated their protocol to use two people when opening the vault because having two people present also ensures less opportunity for employee theft.

His ass is not wearing gloves!

And, in a final un-bankerly move, he does not count out even the bundles.

FLIRT

I also love that he goes by Joker, but is constantly pulling a Batman exit on Jack.

I feel bad for knowing that I would have absolutely apprehended this man by asking the simplest questions. But I no longer work in that capacity and couldn't give a fuck! Let him do what he wants!

[ghostfilecabinet]

I've thought about this a little bit, and it feels like a cop out, but truly I can see both sides.

On one hand, it's a fledgling company who wants to make art in a way they feel proud of. It's all well and good for us to say "we were here when the text was blue and yellow and we don't care about production value", but as someone who in her own right creates - whether its gifs or writing or silly little scrapbook pages - it's about creating something you believe is of the highest quality you can create.

Not only that, it's also about being a company that can support its employees and pay them a more-than living wage. It's potentially about being able to fulfill promises to people who had invested in Watcher in the beginning, though I know less about that.

To say that 'they make bank' with patreon and sponsorships and merch when they support a staff of over 20 people is potentially untrue. What seems like corporate greed can have several layers.

On the other hand, it's not an overreaction for fans to feel abandoned and disregarded - especially those in non-Western countries, as well as younger fans.

Fans feeling bitter at being told that USD5.99 is an amount 'anybody and everybody can afford' isn't unreasonable. It's a large amount for many fans who live in countries where several USD is a quarter of what they earn in a month, or even for people who are at stages in their life where everything they earn has to go into keeping themselves fed and housed.

Imagine a life where you struggle so much to meet your own needs, where some of your only comforts is sitting down at the end of the day and watching people talk about conspiracies or shout at air in abandoned buildings, only to see that was being taken away from you (and by the very system that's been holding you hostage and making you miserable)? I can see why people would lash out. Why it would seem like these people who joked about eating the rich and understanding privilege have been lying all along.

To me, both of these things - creatives turning away from a highly controlled space like YouTube with its low financial returns, and fans hating that content that used to be free now has to cost them money and reading that as capitalist predatory behaviour, all stem from the same issue, which is that money and art are intertwined. Whether this is terrible and insidious or just a fact of life is another point of mixed feelings, for me.

The point is: I understand why Watcher is doing this. I understand why people don't want Watcher to do this.

Do I think it's a good thing? I'm not sure. How much will their content change? Their reasoning is feeling that they're having to make content for both their fans and advertisers, so that creates an expectation that making this decision will change what they put out in a positive way. That's added pressure. Another thing is that there is a narrative they're pushing of doing this for their audience, while of course making it inaccessible to a potentially large chunk of them. How will that bridge be crossed? These questions definitely need answering, but they need time to be answered. I'm withholding judgement until these get answered for me, and I'm ready to be patient.

Do I think it was the smart thing for them to do in the long run? I have no idea. I want it to be, because I don't want them to fail and decide to give up. It's not a nice feeling to see artists give up on making their art be their livelihood.

[alomaniya]

Exploring Working Capital Loans from Leading Non-Banking Financial Institutions

In today's competitive business landscape, having access to working capital is essential for sustaining and growing a company. One of the go-to options for many businesses is to secure a working capital loan from a non-banking financial institution. These institutions, also known as non-banking financial companies (NBFCs), offer a variety of financing solutions tailored to meet the unique needs of businesses.

One of the key advantages of working with NBFCs for working capital loans is the flexibility that they offer. Unlike traditional banks, NBFCs are often more willing to work with businesses that may not meet the strict requirements of banks. This can be especially beneficial for small and medium-sized enterprises that may not have a long credit history or substantial collateral to secure a loan.

When exploring634Working capital loan is the lifeblood of any business, providing the necessary funds to cover day-to-day operations and keep the business running smoothly. While traditional banks are a popular choice for obtaining working capital loans, non-banking financial institutions are becoming increasingly popular as they offer unique advantages and tailored solutions for businesses of all sizes.

Non-banking financial institution, also known as NBFCs, are financial companies that provide a range of services similar to banks, such as loans, credit facilities, and investment opportunities, but they do not hold a banking license. This allows them to operate with more flexibility and cater to the specific needs of businesses in a more personalized manner.

One of the key advantages of obtaining a working capital loan from a leading non-banking financial institution is the streamlined and efficient application process. Unlike traditional banks, which often have lengthy approval processes and strict criteria, non-banking financial institutions are able to provide quick and hassle-free access to funds, allowing businesses to meet their immediate financial needs without delay.

Additionally, non-banking financial institutions offer a greater degree of flexibility when it comes to loan terms and repayment options. They understand that each business is unique and may have different cash flow requirements, so they are able to customize loan packages to suit the specific needs of the borrower. This flexibility can be a game-changer for businesses that require a more tailored approach to their financing needs.

Another advantage of working with a leading non-banking financial institution for a working capital loan is the personalized customer service. These institutions typically have a team of financial experts who are dedicated to understanding the needs of each individual business and providing personalized solutions that meet those needs. This level of personalized service can make a significant difference for businesses looking to secure the right financing to support their growth and development.

Non-banking financial institutions also offer competitive interest rates and fees, making them a cost-effective option for businesses seeking working capital loans. In many cases, they are able to offer more competitive rates than traditional banks, allowing businesses to save money on their financing costs and improve their overall financial performance.

Overall, exploring working capital loans from leading non-banking financial companies can be a smart choice for businesses looking for a more personalized, efficient, and cost-effective financing solution. With streamlined application processes, flexible loan terms, personalized customer service, and competitive rates, non-banking financial institutions are well-equipped to meet the unique needs of businesses and help them achieve their financial goals.

[political-us]

Elon Musk and Vivek Ramaswamy have discussed the possibility of dismantling the Federal Deposit Insurance Corporation (FDIC). As co-leaders of the Department of Government Efficiency (DOGE), an advisory board established by President Donald Trump, they explored significant changes to federal financial regulatory agencies. Their discussions included the potential elimination of the FDIC, with proposals to transfer its deposit insurance responsibilities to the Treasury Department. Such actions would require congressional approval. 

However, the relationship between Musk and Ramaswamy within DOGE became strained. Reports indicate that Musk advocated for Ramaswamy’s removal from the advisory board, leading to Ramaswamy’s departure. 

These developments have sparked discussions about the future of federal financial regulation and the potential impacts of such significant structural changes.

Whether Elon Musk could end or significantly impact the FDIC, the short answer is no—at least not directly. The FDIC (Federal Deposit Insurance Corporation) is an independent U.S. government agency, and its operations, including insuring bank deposits, are controlled by federal law, not private individuals.

However, Musk—or any billionaire—could indirectly influence the financial system in ways that might challenge traditional banking structures. For example:

1. Encouraging Alternative Banking Systems – Musk has shown interest in decentralized finance (DeFi) and cryptocurrencies. If large-scale adoption of non-bank financial systems (like crypto or peer-to-peer banking) occurred, it could weaken the traditional banking sector that the FDIC protects.

2. Buying or Influencing Banks – While Musk cannot “end” the FDIC, he could buy a bank or invest in financial institutions, potentially reshaping banking policies or lobbying for deregulation.

3. Political Influence – If Musk heavily funded politicians or advocacy groups that push for major changes in banking regulations, he might contribute to policies that could alter the FDIC’s role or reduce government intervention in banking.

4. Disrupting Payments & Banking Infrastructure – If Musk’s companies (like X (formerly Twitter) or Tesla) introduced financial services that bypass traditional banks (such as an X “everything app” with built-in payments), it could gradually shift public reliance away from FDIC-backed institutions.

That said, the FDIC is deeply embedded in the U.S. financial system, and any major change would require congressional action, not just the efforts of a single billionaire. While Musk has disrupted many industries (cars, space, AI), taking down or replacing the entire U.S. deposit insurance system would be a far more difficult challenge.

[galaxygolfergirl]

Watcher's Expenses

I didn't major in accounting: I took three classes and it grinded my brain to a fine powder. However, after graduating with a business admin degree, being a former eager fan of their videos, and from a cursory glance over their socials, there's a lot to consider in their spending behavior that really could start racking up costs. Some of these things we've already noticed, but there are other things I'd like to highlight, and I'll try to break it down into the different categories of accounting expenses (if I get something wrong, let me know. I was more concentrated in marketing 🤷‍♀️). I'm not going to hypothesize numbers either, as that would take out more time than I'm willing to afford-- you can assume how much everything costs. Anyways, here's my attempt at being a layman forensic accountant:

Note: All of this is assuming they're operating above board and not engaging in any illegal practices such as money laundering, tax evasion, not paying rent, etc.

Operating Expenses

Payroll: 25+ staff salaries and insurance

Overhead Expenses

CEO/founder salaries

Office space leasing or rent (In L.A, one of the most expensive cities in the US)

Utilities (water, electricity, heating, sanitation, etc.)

Insurance

Advertising Costs

Telephone & Internet service

Cloud Storage or mainframe

Office equipment (furniture, computers, printers, etc.)

Office supplies (paper, pens, printer ink, etc.)

Marketing costs (Social media marketing on Instagram, Youtube, SEO for search engines, Twitter, etc. Designing merchandise and posters, art, etc. )

Human Resources (not sure how equipped they are)

Accounting fees

Property taxes

Legal fees

Licensing fees

Website maintenance (For Watchertv.com, Watcherstuff.com, & Watcherentertainment.com)

Expenses regarding merchandising (whoever they contract or outsource for that)

Inventory costs

Potentially maintenance of company vehicles

Subsequent gas mileage for road trips

Depreciation (pertains to tangible assets like buildings and equipment)

Amortization (intangible assets such as patents and trademarks)

Overhead Travel and Entertainment Costs (I think one of the biggest culprits, evident in their videos and posts)

The travel expenses (flights, train trips, rental cars, etc. For main team and scouts)

Hotel expenses for 7-8 people at least, or potentially more

Breakfasts, lunches and dinners with the crew (whether that's fully on their dime or not, I don't know; Ryan stated they like to cover that for the most part)

Recreational activities (vacation destinations, amusement parks, sporting activities etc.)

The location fees

Extraneous Overhead costs (not sure exactly where these fall under, but another culprit, evident in videos and posts)

Paying for guest appearances

Expensive filming & recording equipment (Cameras, sound equipment, editing software subscriptions, etc.)

The overelaborate sets for Ghost files, Mystery Files, Puppet History, Podcasts etc. (Set dressing: Vintage memorabilia, antiquated tech, vintage furniture, props, etc.)

Kitchen & Cooking supplies/equipment

Office food supply; expensive food and drink purchases for videos

Novelty items or miscellaneous purchases (ex. Ghost hunting equipment, outfits, toys, etc.)

Non-Operating Expenses

These are those expenses that cannot be linked back to operating revenue. One of the most common examples of non-operating expenses is interest expense. This is because while interest is the cost of borrowing money from a creditor or a bank, they are not generating any operating income. This makes interest payments a part of non-operating expenses.

Financial Expenses

Potential loan payments, borrowing from creditors or lenders, bank loans, etc.

Variable Expenses

Hiring a large amount of freelancers, overtime expenditure, commissions, etc.

PR consultations (Not sure if they had this before the scandal)

Extraordinary Expenses

Expenses incurred outside your company’s regular business activities and during a large one-time event or transactions. For example, selling land, disposal of a significant asset, laying off of your employees, unexpected machine repairing or replacement, etc.

Accrued Expenses

When your business has incurred an expense but not yet paid for it.

------------------------------------------------------------------------------------------------------------------------

(If there's anything else I'm missing, please feel free to add or correct things)

To a novice or a young entrepreneur, this can be very intimidating if you don't have the education or the support to manage it properly. I know it intimidates the hell out of me and I'm still having to fill in the gaps (again, if I've mislabeled or gotten anything wrong here, please let me know). For the artistic or creative entrepreneur, it can be even harder to reconcile the extent of your creative passions with your ability to operate and scale your business at a sustainable rate. That can lead to irresponsible, selfish, and impulsive decisions that could irreparably harm your brand, which is a whole other beast of its own.

My guess at this point is that their overhead and operation expenses are woefully mismanaged; they've made way too many extraneous purchases, and that they had too much confidence in their audience of formerly 2.93 million to make up for the expenses they failed to cover.

It almost seems as if their internal logic was, "If we make more money, we can keep living the expensive lifestyle that we want and make whatever we want without anyone telling us we can't, and we want to do it NOW, sooner rather than later because we don't want wait and compromise our vision." But as you can see, the reality of fulfilling those ambitions is already compromised by the responsibility of running a business.

And I wrote this in another post here, but I'll state it again: Running a business means you need to be educated on how a business can successfully and efficiently operate. Accounting, marketing, social media marketing, public relations, production, etc; these resources and internet of things is available and at your disposal. If they had invested more time in educating themselves on those aspects and not made this decision based on artistic passion (and/or greed), they would have not gotten the response they got.

Being a graphic designer, I know the creative/passionate side of things but I also got a degree/got educated in business because I wanted to understand how to start a company and run it successfully. If they’re having trouble handling the responsibility of doing that, managing production costs, managing overhead expenses, and especially with compensating their 25+ employees, then they should hire professionals that are sympathetic to their creative interests, but have the education and experience to reign in bad decisions like these.

Anyways, thanks for coming to my TedTalk. What a shitshow this has been.

[drst]

So this is what the Biden administration spent it's last week in office doing. It's important to know this isn't unusual activity for them. But this is all just in one week:

"Out With a Bang: Enforcers Go After John Deere, Private Equity Billionaires

https://www.thebignewsletter.com/p/out-with-a-bang-enforcers-go-after

At least for a few more days, laws are not suggestions. In the end days of strong enforcement, a flurry of litigation is met with a direct lawsuit by billionaires against Biden's Antitrust chief.

Matt Stoller

Jan 16, 2025

It’s less than a week until this era of antitrust ends. And while much of the news has been focused elsewhere, enforcers have engaged in a flurry of action, which will by legal necessity continue into the next administration. One case in particular angered some of the most powerful people on Wall Street, the partners of a $600 billion private equity firm called Kohlberg Kravis Roberts (KKR).

But before getting to that suit, here’s a partial list of some of the actions enforcers have taken in the last two weeks.

The Federal Trade Commission

Filed a monopolization claim against agricultural machine maker John Deere for generating $6 billion by prohibiting farmers from being able to repair their own equipment, a suit which Wired magazine calls a “tipping point” for the right to repair movement.

Released another report on pharmacy benefit managers, including that of UnitedHealth Group, showing that these companies inflated prices for specialty pharmaceuticals by more than $7 billion.

Sued Greystar, a large corporate landlord, for deceiving renters with falsely advertised low rents and not including mandatory junk fees in the price.

Issued a policy statement that gig workers can’t be prosecuted for antitrust violations when they try to organize, and along with the Antitrust Division, updated guidance on labor and antitrust.

Put out a series of orders prohibiting data brokers from selling sensitive location information.

Finalized changes to a rule barring third party targeted advertising to children without an explicit opt-in.

The Consumer Financial Protection Bureau

Went to court against Capital One for cheating consumers out of $2 billion by deceiving them on savings accounts and interest rates.

Fined cash app purveyor Block $175 million for fostering fraud on its platform and then refusing to offer customer support to affected consumers.

Proposed a rule to prohibit take-it-or-leave-it contracts from financial institutions that allow firms to de-bank users over how they express themselves or whether they seek redress for fraud.

Issued a report with recommendations on how states can update their laws to protect against junk fees and privacy abuses.

Sued credit reporting agency Experian for refusing to investigate consumer disputes and errors on credit reports.

Finalized a rule to remove medical debt from credit scores.

The Antitrust Division

Sued to block a merger of two leading business travel firms, American Express Global Business Travel Group and CWT Holdings.

Filed a complaint against seven giant corporate landlords for rent-fixing, using the software and consulting firm RealPage.

Got four guilty pleas in a bid-rigging conspiracy by IT vendors against the U.S. government, a guilty plea from an asphalt vendor company President, and convicted five defendants in a price-fixing scam on roofing contracts.

Issued a policy statement that non-disclosure agreements that deter individuals from reporting antitrust crimes are void, and that employers “using NDAs to obstruct or impede an investigation may also constitute separate federal criminal violations.”

Filed two amicus briefs with the FTC, one supporting Epic Games in its remedy against Google over app store monopolization, and the other supporting Elon Musk in his antitrust claims against OpenAI, Microsoft, and Reid Hoffman.

And honorary mention goes to the Department of Transportation for suing Southwest and fining Frontier for ‘chronically delayed flights.’"

It's worth reading the entire piece because the Biden people have also gone after KKR which is one of the biggest and most well-connected private equity firms. Remember when suddenly last year all the rich people who used to donate to both parties stopped giving money to Democrats? The billionaires coup against Biden was because of anti trust enforcement.

IF YOU'RE THINKING "GOSH I NEVER HEARD ABOUT ANY OF THIS BEFORE" I HOPE YOU CAN PUT TOGETHER THAT THE NEWS AND SOCIAL MEDIA PLATFORMS ARE ALL OWNED BY BILLIONAIRES WHO ARE VERY ANGRY ABOUT ALL OF THIS AND MAYBE THAT'S WHY YOU NEVER SAW ANYONE TALK ABOUT THE HUGE RESURGENCE OF ANTI TRUST WORK DONE BY BIDEN FOR THE LAST FOUR YEARS.

And no, Trump cannot magically make this all go away. The lawsuits will have to be played out and many of them have state level components that mean the feds can't just shut them down.

X

[gingerofsuburbia]

BDS Consumer Boycott Targets

Everything here is copied over from the BDS website.

Hewlett Packard Inc (HP Inc)

HP Inc (US) provides services to the offices of genocide leaders, Israeli PM Netanyahu and Financial Minister Smotrich. HPE, which shares the same brand, provides technology for Israel’s Population and Immigration Authority, a pillar of its apartheid regime.

Chevron (including Caltex and Texaco)

US fossil fuel multinational Chevron is the main corporation extracting gas claimed by apartheid Israel in the East Mediterranean. Chevron generates billions in revenues, strengthening Israel’s war chest and apartheid system, exacerbating the climate crisis and Gaza siege, and is complicit in depriving the Palestinian people of their right to sovereignty over their natural resources. Chevron has thousands of retail gas stations around the world under the Chevron, Caltex, and Texaco brand names.

Siemens

Siemens (Germany) is the main contractor for the Euro-Asia Interconnector, an Israel-EU submarine electricity cable that is planned to connect Israel’s illegal settlements in the occupied Palestinian territory to Europe. Siemens-branded electrical appliances are sold globally.

PUMA

Since 2018, we have called for a boycott of PUMA (Germany) due to its sponsorship of the Israel Football Association (IFA), which governs teams in Israel’s illegal settlements on occupied Palestinian land. In a major BDS win in December 2023, PUMA leaked news to the media that it will not be renewing its IFA contract when it expires in December 2024. Until then, it is still complicit, so we continue to #BoycottPUMA until it finally ends its complicity in apartheid.

Carrefour

Carrefour (France) is a genocide enabler. Carrefour-Israel has supported Israeli soldiers partaking in the unfolding genocide of Palestinians in Gaza with gifts of personal packages. In 2022, it entered a partnership with the Israeli company Electra Consumer Products and its subsidiary Yenot Bitan, both of which are involved in grave violations against the Palestinian people.

AXA

Insurance giant AXA (France) invests in Israeli banks financing war crimes and the theft of Palestinian land and natural resources. When Russia invaded Ukraine, AXA took targeted measures against it. Yet, Axa has taken no action against Israel, a 75-year-old regime of settler-colonialism and apartheid, despite its ongoing genocidal war on Gaza.

SodaStream

SodaStream is an Israeli company that is actively complicit in Israel's policy of displacing the indigenous Bedouin-Palestinian citizens of present-day Israel in the Naqab (Negev) and has a long history of racial discrimination against Palestinian workers.

Ahava

Ahava cosmetics is an Israeli company that has its production site, visitor center, and main store in an illegal Israeli settlement in the occupied Palestinian territory.

RE/MAX

RE/MAX (US) markets and sells property in illegal Israeli settlements built on stolen Palestinian land, thus enabling Israel’s colonization of the occupied West Bank.

Israeli produce in your supermarkets

Boycott produce from Israel in your supermarket and demand their removal from shelves. Beyond being part of a trade that fuels Israel’s apartheid economy, Israeli fruits, vegetables, and wines misleadingly labeled as “Product of Israel” often include products of illegal settlements on stolen Palestinian land. Israeli companies do not distinguish between the two, and neither should consumers.

Non-BDS Grassroots Boycotts:

McDonald’s (US), Burger King (US), Papa John’s (US), Pizza Hut (US), WIX (Israel), etc. are now being targeted in some countries by grassroots organic boycott campaigns, not initiated by the BDS movement. BDS supports these boycott campaigns because these companies, or their branches or franchisees in Israel, have openly supported apartheid Israel and/or provided generous in-kind donations to the Israeli military amid the current genocide. If these grassroots campaigns are not already organically active in your area, we suggest focusing your energies on our strategic campaigns above. 

Recently, McDonald’s franchisee in Malaysia has filed a SLAPP lawsuit against solidarity activists, claiming defamation. Instead of holding the Israel franchisee to account for supporting genocide, we are now witnessing corporate bullying against activists. For both these reasons, we are calling to escalate the boycott of McDonald’s until the parent company takes action and ends the complicity of the brand.

Remember, all Israeli banks and virtually all Israeli companies are complicit to some degree in Israel’s system of occupation and apartheid, and hundreds of international corporations and banks are also deeply complicit. We focus our boycotts on a small number of companies and products for maximum impact.