Archive for May, 2009
Federal Small Business Loans
There are a number federal small business loans from the US government available to the entrepreneur. Who the loans serve and their purpose change depending on the loan product, but the government does want to see small businesses grow. Small businesses employ more people than large businesses and is strong growing trend. Additionally, as more people lose their jobs and can no longer find comparable work, many will turn to starting their own business.
The SBA has a number of loan products available for the entrepreneur. Sadly, start-ups may have trouble getting approved, but once established a business should be able to pursue them without problem. Federal government small business loans start with the SBA Community Express loan. This a low document loan with quick approval, but the lending amounts are lower. The primary SBA loan program is the 7(a) Loan which has a high maximum lending amount. One works with a bank to get a loan guarantee from the SBA. The loan requirements are rigid and turn around time can be long. Many banks will simply approve a loan if one looks like they will get approved, rather than wait for SBA acceptance. The SBA also has loan products for construction, bonding, exporting, community development, and revolving lines of credit.
However, the SBA is not the only small business loan available from the federal government. The USDA has a loan program available to businesses in rural areas. Then the government also helps community development organizations lending money. HUD gives money to community groups that they can lend to small businesses. Other agencies do the same, provide seed money to community groups to loan to small businesses. The idea is that this money keep revolving, and the government only has to seed once.
Also, the government provides grants to numerous small business centers. These centers help entrepreneurs get financing from local lenders or they can tap the government resources. This is a cost effective way the US government gets small businesses started and keeps them growing.
The Big Figure Trade
Your FCM or forex broker has to act as a counterparty for each trade that you make providing you with liquidity. Now this can become a problem for the FCM or the broker when the market is thin and illiquid. The FCM or the broker cannot immediately offset the position in the interbank market.
The Big Figure Trade is an example of how you can take advantage of your retail FCM or broker limitation in times of thin and illiquid markets. Now if you have been trading, you know this that the market is every now and then testing a certain level. This level maybe a well defined Fibonacci level, a trendline or maybe even a big figure.
During intraday sharp price moves, the market will reach a certain level where traders believe it cannot go higher. Now most of the price action in the currency markets is self fulfilling. Most trader by instinct try to initiate short positions around a big figure placing their stops very close to it making the erroneous assumption that the overbought market will not have the energy to push past that big number.
But you are not alone, your FCM or the broker is also watching the situation and if too many traders place their stop loss close to a big figure number, they will mount a stop hunting attack. Now, it is essential that you understand the psychology of the other traders as well as your FCM. Bill Poulos has released his Forex Income Engine 2.0. He says that with his course you can reach a 4-5 figure part time monthly income. He is offering 60 days RISK FREE trial as well as payment in three installments. Bill is a highly respected trader, educator and a mentor. What he can teach, no one else can. He is also providing you with 8 weeks of FREE personal coaching on how to trade forex. His Forex Income Engine 2.0 teaches three ways to trade forex.
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