Investing and Global Finance News

Monthly Archives: October 2017

Facebook Launches New Cash Advance Project for Small Businesses

Facebook has been working on a new service for small businesses that advertise on their platform: business loans. Working with Toronto-based Clearbanc, the social media network has created a plan called Chrged in which Facebook Ad accounts can be linked with the firm for offers of up to half a million dollars in growth capital.

The funds, which are cleared by Clearbanc, are merchant cash advances instead of traditional loans, which gives the firm the ability to tap into a certain percentage of revenues until the money has been repaid in full, as well as charge a fee of around 5-20%. The latter is determined based on daily cash flows and the small business’s abilities.

Andrew D’Souza, Clearbanc co-founder and chief executive, said nearly 1,000 small business owners have reached deals since the program launch. Many people view this option as better than traditional loans due to its more lenient requirements.

“We don’t think you need to risk your house and everything else if you’re trying to build a business,” D’Souza explained.

Facebook does not take a cut from the proceedings, though it sees the ongoing ties between the network and small businesses as beneficial.

“At Facebook, we are in the business of helping small companies become large and local companies become global,” explaind SMB North America director Katherine Shappley. “The Chrged program by Clearbanc provides an exciting opportunity for business to access they resources they need to grow.”

The Alfred E. Smith Memorial Foundation Dinner

Launched in 1945, the Alfred E. Smith Memorial Foundation Dinner (also referred to as the Al Smith Dinner), raises money for US-based Catholic charities which support New York’s “neediest children… regardless of race, creed, or color.”  Since Al Smith himself grew up poverty-stricken, but became a huge success in life as a four-time NY Governor… Continue Reading

Staying Up To Date on Environmental Issues

It’s always important to stay up to date with environmental issues in the area in which you live. One of these issues is about landfills and how people are taking care of potentially threatening issues with them. In a recent opinion piece in the St. Louis Post-Dispatch, Missouri State Senator Bill Eigel wrote a thought-provoking… Continue Reading

Toys ‘R’ Us Expanding in Asia

Children’s retailer Toys ‘R’ Us is currently looking to expand its Asia business. As income levels in the region increase, the demand for higher-end toys is growing. The U.S. company has teamed up with the billionaire Fung Brothers to further their dealings in the Asia Pacific sector. Bloomberg reports: Continue Reading

Pay-fur-töten: Sander Gerber gegen Pension Plan für Mörder

Douglas J. Feith & Sander Gerber einen neuen Vorschlag, der die Pension plan für Terroristen beenden würde Donald Trump signalisiert einen neuen Ansatz für den Staat Israel, noch bevor er in vereidigt worden war. Trotz seiner Wahlkampfrhetorik über sein “unparteiische” in Verfolgung dessen, was er als “eine große Immobilien- deal” zwischen Israel und den Palästinensern,… Continue Reading

General Motors Going All-Electric

As the transportation and auto industry evolves, many manufacturers are working to remain competitive. In a dramatic move, General Motors recently revealed its plans to shift into all-electric cars by 2023. Over the years they will launch at least 20 cars, both battery-electric and fuel-cell-electric vehicles. “General Motors believes the future is all electric,” said… Continue Reading