Finance

Free grants and free grant applications in the US

The government of the United States of America offers over 900 grant programs through its 26 federal agencies. Free grants are offered to candidates who submit their free grant application in the manner specified, to provide financial aid and partial or full funding in the areas of

  • Business and commerce
  • Arts
  • Health
  • Housing
  • Economic development
  • Rural development
  • Energy
  • Disaster prevention and relief
  • Women and children
  • Minorities
  • Science and technology
  • Education
  • Regional development and more.

Federal grants generally fall into the following categories- block grants, categorical grants, project grants, formula grants and earmark grants.

Block grants are large sums of money made available by the federal government to individual states for their use in specific areas of development.

Categorical grants provide partial funding in clearly specified areas or categories.

Project grants are usually financial aid packages extended to students and research for the purpose of carrying out a research project.

Formula grants provide financial aid and funding as indicated by specific legal injunctions.

Earmark grants are slightly controversial in that they at times bring in the involvement of political lobbyists who are paid by individuals or corporations to secure funding as per the Appropriations of the US Congress. These grants are not awarded through the normal competitive free grant application process.

Some of the websites that offer detailed and systematic guidance on finding all grants available in the USA and also guides you through the free grant application process are https://www.grants.gov/; http://www.sciencemag.org; http://www.fundingusstudy.org/. Some of these websites provide a complete database of funding opportunities, the specific program number, the title of the funding project, the agency that offers the grant, the date of posting and the date on which the application deadline closes. The site also helps you to verify your eligibility criteria for each funding opportunity and guides in filling and filing your free grant application.

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Finance

Best supplemental dental insurance policies

Offsetting the costs of dental treatments tremendously, are dental insurances. By paying a monthly premium, a part or the full expense incurred for dental procedures are covered by dental insurance policies. The normal scope of dental expenditure from insurance companies could sometimes leave you with a disparity in the coverage, thus necessitating the need to pay from your savings for the oral care you need. This is where supplemental dental insurance can be beneficial.

Offering insurance specifically to oral care that is not commonly included in general health insurance policies, or augmenting the funds required to execute a major procedure in spite of having a dedicated dental insurance policy, supplemental dental insurances are aplenty in the market and procurable without any difficulty.

Listed here are a few dental insurance companies that are highly appreciated by satisfied customers.

  • Not having to submit claim forms and a convenient set of plans with coverage for people of all ages in a family from UnitedHealthcare is certainly user-friendly.
  • Cigna medical insurance plans support preventive care and also basic and major services with offers like no limit to the maximum benefit and discounts for restorative and orthodontia services.
  • Delta Dental is a remarkable option too. With a no-deductible, no-maximum basic plan and an attractive no-waiting period added to it, this is a good one to consider for purchasing a supplemental dental insurance policy.

Nowadays, researching for an excellent supplemental dental insurance plan is easy. With the help of online quote tools, calculating costs are relatively straightforward. Companies have a wide-ranging presence all over the United States, a distinguished history of paying claims quickly, with very little or no waiting period, are the top players in the market.

Most dental insurance plans cover $1,000 to $1,500 per year, and that is not much if a lot of dental work is necessary for you or your dependents. So, helping you smile through good health and with considerable monetary savings, supplemental dental insurance is a comfortable cushion to fall back on when you need them the most.

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Finance

Supplemental dental insurance – The need for it

On our monthly or yearly budgets, most of us allocate funds for the purchase of a health insurance policy. We know for sure that how much time and energy we spend on being physically fit, there would be some occasions when we might need reliable and trustworthy medical advice and treatment. And, this is not usually easy on the pocket. Health insurance policies are an advantage to ease the financial burden.

Typical health insurance policies provide benefits for many illnesses, but generally, do not include dental care. A general dental insurance policy works well for regular dentist appointments, periodic cleaning and small issues related to the teeth and gums. But there are many specific dental insurances for particular procedures that need treatment.

We can choose from amongst the following – No wait plans, individual or family plans, family plans that include children, seniors plan, students plan, short term and supplemental plans. While most of these are self-explanatory, let us explore supplemental plans.

Supplemental dental insurance is necessary for those whose general medical insurance policy does not include dental coverage. Also, for those who already have dental plans but have exceeded the prescribed limit for the year, the supplemental program which features no annual limits and deductibles would be ideal. For those who are looking to cover a particular procedure, a supplemental dental insurance would be the best option.

Starting from as low as $7 per month, supplemental plans are available in plenty of price ranges and investing in one will help you relax even in times of unexpected emergencies. Especially worthwhile to large families, high-risk patients and seniors, supplemental dental insurance covers braces and other orthodontic issues and cosmetic procedures, such as bleaching, whitening, and such, either partially or entirely. Moreover, the independence to choose your dental care provider based on your personal and health needs is possible.

Providing additional coverage to reducing or completely eliminating out-of-pocket expenses, supplemental dental insurance is the best choice for those who are keen on safety and savings – the security of health and savings in finances.

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Finance

Answering some questions on equity loans and business loans

What is the difference between an equity home loan and an equity business loan?

Any equity loan is secured by assets that are owned by you. An equity home loan uses as equity that value of the property that is wholly owned by you to secure the loan. In the case of an equity business slogan, assets that have been acquired by the business for its functioning may be used as equity.

Why do equity loans come with lower rates of interest?

Equity loans are loans or a line of credit that is offered using your property as collateral security. Since such a loan is fully secured, it proves to be less risky for the lender. It is for this reason that banks and other financial companies can offer equity home and business loans for better loan tenure and at the lower rate of interest.

What kind of questions will a lender ask?

This depends on the lender, but according to the SBA, there are in fact some standard questions that one should be prepared for:

  • The reasons for applying for a business loan?
  • Which department or area of interest would the loan proceeds be applied on?
  • Nature of capital expenses – buying assets or incurring substantial costs should be disclosed along with the supplier details
  • What other debts relating to business does the business have and who are the creditors?
  • A detailed profile of the Management personnel (team).

What kind of questions should the business be prepared for, when they meet the potential lender?

  • The requirements of the potential lender must be asked in detail – especially the aspects relating to paper work. It is quite known that paper work takes away most of the time and it would be prudent to equip the business with it.
  • Will the potential lender be prepared to address the business needs? Do they believe in the business
  • How flexible are they regarding offering certain leverage on repayment terms, interest rates, prepayment penalty, etc.,
  • The terms of the business loan by itself should be as clear as water with no ambiguities. Risks associated with the business loan should also be studied in detail.

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Finance

Free grant applications for single mothers

Owing to various circumstances, many women find themselves suddenly becoming a single parent, having to run their household and also provide for their children’s future. This is a daunting prospect, without any doubt, but on the positive side is the availability of some financial aid options offered exclusively to single mothers by the government as well as many non-governmental organizations and corporate companies as well. Take the time to look up free grant applications for women and single mother online to have an idea of the kinds of grants available and their eligibility criteria.

A grant is a financial aid that is offered to an individual by a foundation, trust, educational institute or corporation. This financial aid is not like a loan in that it does not attract a particular rate of interest. Neither does it need to be repaid. Also, the amount that is received as financial aid through a grant is completely tax-free.

Many funding agencies process free grant applications for various underprivileged groups or individuals including single mothers. Single mothers may submit free grant applications seeking to fund, be it for study, housing or to subsidize children’s education.

Here is a list of grants that are available for single mothers.

The National Institute of Health offers financial aid fund research or study into areas affecting public health, disease prevention, and health promotion.

The Temporary Assistance for Needy Families initiative of the Federal Government helps single mothers achieve some degree of self-sufficiency. Grant amounts vary from state to state and are subject to stringent eligibility criteria.

Under the Special Supplemental Nutrition Program for Women, Infants, and Children, also known as WIC, women who are pregnant and new mothers are eligible to receive financial aid for children up to the age of six months or one year depending on the nature of grant. This grant is offered to reduce nutritional deficiencies among children from the low-income sectors.

The American Association of University Women (AAUW) offers financial aid and funding in the form of grants and fellowships to women seeking aid to complete their research and submit their dissertations. Career Development Grants help women who are currently not working re-enter the workforce.

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Finance

Benefits of equity business loans

An equity loan is a one that is secured by property that you own or in the context of a business loan; the equity will be provided by the assets that are owned by the amounts.

Equity loans are beneficial to the borrower in several ways whether it is a home equity loan that is taken to fund the remodeling of a house or a business loan take to support new business ventures.

Return on Assets is an important aspect of running a business, and in such equity based business loans, it is sensible and useful to put your non-liquid assets to work so that you can use the loan generated thus to further your business.

Here are some of the main benefits of taking out an equity loan?

Whether you wish to take out an equity loan using your home as security or you take out a business Slogan using business assets including property as collateral, equity loans are available at relatively low rates of interest that are averaging around 5,2% in the USA. The reason for the lower rates of interest is that equity loans are fully secured loans and hence reduce the lender’s risk considerably.

Further, when you own some property and wish to security against an equity loan, your application may still be accepted even if you don’t have a very high credit rating otherwise.

Many equity loans offer up to 100% tax deductibility, for the borrower and hence, may be considered as a better borrowing option when compared to the steep rates of interest charged by credit card companies for credit card debts. However, the degree of taxability may vary.

The more equity you possess, the larger the loan value. Typically, lenders may expect a loan to value ratio that is 75% of property value or higher.

Equity loans may also offer you flexibility with regard to how you receive the loan money. You could take out a one-time lump sum loan at a fixed rate of interest or you may be permitted a line of credit using which you can borrow small sums of money as required subject to an absolute maximum limit.

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Finance

The stages involved in online payment services

Getting a thorough understanding of the process in which the online payment services work is difficult. But it is simple once you follow the transaction from start to finish. This will help you to understand the working style of online payment services a lot better. By this, you can see how your website, your member or donor and your payment service provider all work together hand in hand to facilitate the smooth running of every online payment that is made.

You will typically need the following to get started with online payments:

  • A merchant account
  • An account with a payment service provider
  • A web page designed to initiate the transaction process.

The online payment process begins as soon as the customer clicks on the button thereby agreeing to pay online for purchasing something from the online store.

  • The customer enters his credit card information on the online payment form that appears and then submits the transaction. The form may appear on your website or you may be redirected to your payment service provider’s website, depending on your online payment service provider.
  • The payment gateway operated by your payment service provider then receives the transaction details entered by the customer.
  • The customer’s payment details are then encrypted so that no one can view their personal and financial information.
  • Your online payment service provider then uses a secure payment processing service, in order to verify the customer’s credit card details and confirm whether the customer has enough funds in their account to complete the transaction.
  • If the customer has enough funds in his account, then the online payment service provider will transfer the required funds from the customer’s bank account on to the merchant account that is associated with the website.
  • The website then gets a notification that the transaction has been successfully completed. In case the transaction gets declined due to insufficient funds in the customer’s account, then no funds are transferred and the status of the transaction is sent to the website.

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Finance

Online payment services – Are they worth it?

In today’s fast-paced world, the need to go electronic is a necessity for any organization. Online payment services are useful and let us look at some of the benefits of online payment services here.

  • Expectations are met
    People have become comfortable paying online for any purchase that they make. People, in fact, do not prefer websites that don’t accept online payments. So, online payment services are a great tool for your company.
  • Speeds up the payment process
    Manual processes are a lot slower than online ones as you don’t have to wait for a check to arrive and then pass clearance. The whole online payment process gets done in a matter of second, right from submitting your online payment to updating your bank account. This puts you at an advantage as it increases the cash flow for your organization. It also gives you an immediate confirmation of the transaction. You will also know immediately from the online payment service if the customer has enough funds to cover the transaction amount. Waiting for a week and then realizing that the check given to you by the customer has bounced has become a thing of the past.
  • Saves you the trouble
    Online payments are both fast and easy to do. You do not have to go through the process or writing a check, depositing it in the bank and then waiting for it to get credited. Online payments take place instantly, thereby saving you a lot of trouble. To top it all off they are mostly automated.
  • It comes at a price
    Nothing comes free of cost and in this case, your online payment service will charge you a transaction fee and you also might face a few other charges like the set-up fees or monthly fees.

In case online payment service helps your company to grow and they are hence a worthwhile investment.

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