Loan Benefit – Payday Advance USCA http://paydayadvanceusca.com/ Thu, 06 Jan 2022 07:28:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://paydayadvanceusca.com/wp-content/uploads/2021/07/icon-4.png Loan Benefit – Payday Advance USCA http://paydayadvanceusca.com/ 32 32 The government gives Rs 10 Lakh for the food processing industry; Farmers to get a direct benefit https://paydayadvanceusca.com/the-government-gives-rs-10-lakh-for-the-food-processing-industry-farmers-to-get-a-direct-benefit/ Thu, 06 Jan 2022 07:03:16 +0000 https://paydayadvanceusca.com/the-government-gives-rs-10-lakh-for-the-food-processing-industry-farmers-to-get-a-direct-benefit/ Onion processing unit Prime Minister Narendra Modi launched the Pradhan Mantri Food Processing Microenterprise Formalization Program (PMFME), under the ‘Aatmanirbhar Bharat Abhiyan‘and the’ Vocal for Local ‘campaigns, to provide technical, financial and commercial support to micro-food processing units in the country. The total funds allocated to this scheme have been estimated at Rs. 10,000 crores […]]]>
Onion processing unit

Prime Minister Narendra Modi launched the Pradhan Mantri Food Processing Microenterprise Formalization Program (PMFME), under the ‘Aatmanirbhar Bharat Abhiyan‘and the’ Vocal for Local ‘campaigns, to provide technical, financial and commercial support to micro-food processing units in the country.

The total funds allocated to this scheme have been estimated at Rs. 10,000 crores and will be paid from 2020 to 2025. A subsidy of up to Rs 10 lakh will be granted this year to beneficiaries, in particular for projects related to the agrifood industry.

PMFME objectives:

  • Access to credit for existing food processing micro-enterprises, Agricultural producer organizations(FPO), cooperatives and self-help groups (SHG), for technological upgrading as well as improving the competitiveness of individual micro-enterprises operating in the unorganized food processing industry.

  • Support for 200,000 existing micro food processing units to transform them into organized units, strengthening their marketing and branding, and integrating the supply chain with formal units

  • Increased access to shared services, such as storage, incubation facilities and packaging

  • Professional and technical support for food processing entrepreneurs

  • Appropriate training and research for individual or collective food processing companies

The PMFME program has adopted the One District One Product approach. Under this approach, the state identifies and selects a food product for the district, which could be a perishable agricultural crop, such as cereals, or a food product that is largely produced in the district. Tomato, mango, potato, lychee, millet products, peach, poultry, meat and animal feed are some of the food products covered by ODOP. Traditional and innovative products like honey, minor forest products in tribal areas and herbal products like turmeric are also supported by the program.

Nashik Onion was chosen as part of the One District One product.

District Agriculture Superintendent (Nashik, Maharashtra) Vivek Sonawane appealed to district agriculture officers to submit loan applications under the Pradhan Mantri program for micro-industries in food processing.

And the approval of the loan for the food industry was organized from January 3 to 18, 2022. For which the district superintendent of agriculture appealed to interested persons to submit proposals for it.

Loan application process: Detailed program guidelines and information on submitting an online application have been provided on the website. official site.

Eligible beneficiaries are requested by the Administration to speed up the Bank’s loan approval process from the preparation of the detailed project plan and submission proposals in a prescribed manner.


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Differentiate Through Funding – Today’s Medical Developments https://paydayadvanceusca.com/differentiate-through-funding-todays-medical-developments/ Tue, 04 Jan 2022 07:08:08 +0000 https://paydayadvanceusca.com/differentiate-through-funding-todays-medical-developments/ Finishing and Superfinishing, Lapping, Lapping and Vibratory Grinding: An impressive range of manufacturing processes can be used to create a final surface finish. The proverbial finishing touch influences the functional behavior of parts and components, providing unique characteristics and competitive advantages. GrindingHub, a trade fair for grinding technology, will be held in Stuttgart from May […]]]>

Finishing and Superfinishing, Lapping, Lapping and Vibratory Grinding: An impressive range of manufacturing processes can be used to create a final surface finish. The proverbial finishing touch influences the functional behavior of parts and components, providing unique characteristics and competitive advantages. GrindingHub, a trade fair for grinding technology, will be held in Stuttgart from May 17 to 20, 2022 and will provide a platform for finishing and superfinishing.

Companies looking for specialists to help them switch to superfinishing
It took “less than ten seconds” for Uli Lars Bögelein to decide to exhibit at the GrindingHub. The entire industry will certainly benefit from the fair, said the managing director of Stähli Läpp-Technik GmbH, based near Stuttgart. Founded over 40 years ago as a sales company for lapping, lapping and flat polishing machines produced by the Swiss group Stähli, Stähli Läpp-Technik GmbH is now part of the group. His core skills include engineering, sales and contract processing. The latter represents an ideal medium for superfinishing – and much more, as Bögelein points out.

The CEO of Stähli describes the three main user groups that contact him. These mainly come from the automotive and electrical industries, medical technology, mechanical engineering and the optical industry. The first user group is not (yet) concerned about the investment costs of 2 and 3 wheel flat lapping machines and 1 wheel lapping and polishing machines because their production quantities are too low. Then there is the second group who need large or even extremely large quantities, but who “precisely want to avoid taking over these processes, and all that they involve, within their own company”. Lapping machines in particular present their own challenges and do not fit into all production operations, admits Bögelein. It’s a demanding process that still requires a lot of manual work – and specially trained and highly motivated employees.

Finally, there is a third group of users. These carry out series of tests at Stähli. While waiting for the series to function properly, they first want to familiarize themselves with the process and the machine, and benefit from the service and know-how offered by Stähli Läpp-Technik. The company also offers the full range of consumables and accessories for this, from CBN wheels and diamond suspensions to test equipment. Uli Bögelein notes that trade fairs are very important and are often used to make first contact. Visitors come with plans and parts, but also specific machine inquiries, and have the technology explained to them. Specific technological know-how is required in cases involving manufacturing tolerances in the sub-micron range and filigree functional surfaces.

The drivers of industry development
According to Thomas Harter, product manager at Supfina Grieshaber, based in Wolfach in the Black Forest, the increased motivation of companies to care about surface quality and the finishing and superfinishing processes stems from clearly identifiable ‘development drivers’ . Supfina has many years of experience in superfinishing and grinding, developing machinery and conducting related research – and will also be exhibiting at the GrindingHub.

Harter cites examples from the field of automotive technology. For example, the legal regulations expected for Euro 7 and the associated reduction of particles are driving the development of the brake disc market. Future brake discs, he says, will likely feature hard coatings that are difficult to machine. As a development partner, Supfina takes care of developing the process of grinding coated brake discs. The know-how is used in the development of the entire process chain, thus enabling profitable production of the brake disc.

E-mobility also poses new requirements in terms of superfinishing. Future-oriented solutions are needed to reduce noise in the powertrain, steering or when adjusting seats and windows inside the vehicle. For example, Supfina has developed a series of machines for the economical production of quiet roller bearings.

Definition of specific surface parameters
Dr André Wagner, Head of Grinding Technology at Hermes Schleifmittel, Hamburg, clearly shows how the requirements for surface quality are changing and how important precise coordination with customers becomes. While some processes, such as cutting high-performance steel, are primarily optimized for productivity and profitability, processes such as gear grinding must produce a high-quality part, Wagner explains. The goal of minimizing surface roughness, which was common in the past, is increasingly being replaced by that of obtaining specific surface characteristics. However, the selection and definition of the desired surface properties will depend to a large extent on the particular application of the gear and the specific purpose. “Effective communication between customers and the sharpening tool manufacturer is therefore essential,” emphasizes Wagner. The general machine conditions, the quality requirements for the product component as well as the productivity of the process must be clearly defined and coordinated in advance. According to Wagner, ideal process results can only be achieved by setting precise goals and designing the grinding process on an application-specific basis. In the case of gears, for example, this would ensure maximum transmission efficiency and reduce noise emissions, which are crucial for electric vehicles. All parameters defining the process, such as machine environment and coolant lubricant supply, should be taken into account when selecting and designing suitable grinding tools. “Efficient tools are not always necessary. In many cases, less demanding specifications can also suffice if the whole process is properly designed, ”explains André Wagner.

Scientists focus on process chains
Finishing and superfinishing processes can play a role in creating unique pieces. The Institute for Machine Tools and Plant Management (IWF) at the Technical University of Berlin believes that “… there is a noticeable trend towards the production of individualized products in small batches. This gives rise to a growing need for manufacturing processes that can be adapted to changing product requirements. »Research is being carried out by the Institute on robot-guided machining processes for finishing and superfinishing. “Robot-guided machining processes can be used on many different components, especially in combination with flexible or freely movable tools, such as in abrasive brushing, belt grinding or vibratory grinding,” explains the director of the institute, Professor Eckart Uhlmann. “Lapping processes that are traditionally performed on rigid machine tools can also be supported using robot-guided lapping tools to rework bores in different positions.” Uhlmann, who is also a member of the WGP (German Academic Association for production technology), believes that the main advantage of using a robot as a universal processing machine is that it allows the different processing steps to be flexibly linked. The processing chains can then be adapted to the respective requirements of the processors. components with little effort.

The interest in research shows that more use is expected of innovative finishing and superfinishing processes in the future. However, they still pose a lot of problems for many businesses. It is true that the industry offers both technologically advanced machines and tools as well as extensive specialist knowledge to create surfaces of functional surfaces subject to tribological stress. However, special machines are too expensive for small and medium-sized enterprises and for relatively small or medium batch sizes, automation is complex and knowledge of cause and effect relationships is limited to specialists. Trade fairs such as GrindingHub provide an opportunity to present machines, tools, processes and work results.


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Synovus (SNV) organic growth displaces aid, costs are high – December 31, 2021 https://paydayadvanceusca.com/synovus-snv-organic-growth-displaces-aid-costs-are-high-december-31-2021/ Fri, 31 Dec 2021 18:33:43 +0000 https://paydayadvanceusca.com/synovus-snv-organic-growth-displaces-aid-costs-are-high-december-31-2021/ Synovus Financial Corp. (SNV Quick QuoteSNV – Free Report) benefits from the focus on strategic initiatives, better credit quality and higher interest income. However, escalating expenses due to investments in technology, high debt level and lack of diversification of the loan portfolio are the main short-term obstacles for SNV. Zacks’ consensus estimate for Synovus earnings […]]]>

Synovus Financial Corp. (SNV Free Report) benefits from the focus on strategic initiatives, better credit quality and higher interest income. However, escalating expenses due to investments in technology, high debt level and lack of diversification of the loan portfolio are the main short-term obstacles for SNV.

Zacks’ consensus estimate for Synovus earnings for the current year has been revised up slightly over the past 60 days.

The action is currently Zacks Rank # 3 (Hold). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Synovus shares have appreciated 7.1% in the past six months compared to industry growth of 7.3%.

Image source: Zacks Investment Research

Synovus has recorded continuous organic growth over the past few years. Its loans registered a CAGR of 12.5% ​​in the last five years until 2020. In addition, net interest income (NII) registered a CAGR of 13.9% during the same period, partially stimulated by acquisitions made during this period. Loans and NII improved in the nine months ended September 30, 2021. So, with commercial lending pipelines returning to pre-COVID levels and the US economy on the mend, the lending scenario is expected to return. improve over the coming period. We expect Synovus to remain well positioned to improve its NII in the coming quarters, driven by this tailwind.

Synovus is making significant progress on its “Synovus Forward” initiative, which was announced in March 2020. By the end of the third quarter of 2021, SNV had realized a pre-tax execution rate advantage of approximately $ 100 million through organizational efficiency, cost savings, branch consolidations and balance sheet management initiatives. This includes a reduction in expenses of approximately $ 50 million and income benefits worth $ 50 million.

Synovus is also streamlining its branch network and plans to close four branches in the fourth quarter, bringing total consolidations to 20 sites since the start of 2020. Through these initiatives, SNV expects to achieve forward execution rate advantages. taxes of an additional $ 75 million. , comprising $ 20-30 million in expense savings and $ 45-55 million in revenue benefits by the end of 2022.

Recovering from the unfavorable impact of the financial crisis caused by COVID, Synovus significantly reduced the percentage of loans in the residential construction and development and land acquisition portfolios. In addition, credit quality trends are expected to continue to show widespread improvement, with the release of provisions in the first nine months of 2021 on the basis of a more favorable economic outlook.

However, rising costs despite some cost reduction efforts can be a concern in the short term. Although costs have declined in the first nine months of 2021, Synovus spending has registered a CAGR of 11.8% over the past five years (2016-2020). As the bank intends to invest in technology and talent improvements to improve the user experience, these costs could weigh on its earnings expansion.

Synovus’ loan portfolio mainly comprises commercial and industrial loans as well as commercial real estate loans (nearly 77% as of September 30, 2021). Such high exposure can be risky for SNV, especially if it and the real estate industry as a whole weakens.

Long-term debt of $ 1.2 billion as at September 30, 2021, increased slightly sequentially and remained at high levels. In addition, cash and bank receivables of $ 483 million trended down from the level of the previous year. Therefore, given such a high debt burden and limited liquidity, Synovus may default on its short-term debt obligations if the economic situation worsens.

Actions to consider

Some better ranked actions in the banking space are Shore Bancshares, Inc. (SHBI Free report), Southern First Bancshares, Inc. (SFST Free report) and OZK Bank (OZK Free report). Currently, SHBI and SFST each sport a Zacks Rank # 1 (strong buy), while OZK carries a Zacks Rank # 2 (buy).

In the past year, shares of Shore Bancshares have gained 42.1%, while shares of Southern First and Bank OZK have jumped 77.7% and 48.2%, respectively.

Over the past 60 days, Zacks ‘consensus estimate for Shore Bancshares’ current year earnings has been revised up 26.7%, while Southern First’s has moved 9 , 1% to the north. OZK Bank’s profit estimates for the current year have risen slightly over the past two months.


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Few advantages hold back the railway from the Ramu-Gundum railway line https://paydayadvanceusca.com/few-advantages-hold-back-the-railway-from-the-ramu-gundum-railway-line/ Tue, 28 Dec 2021 06:10:00 +0000 https://paydayadvanceusca.com/few-advantages-hold-back-the-railway-from-the-ramu-gundum-railway-line/ Bangladesh Railway has suspended work on the Ramu-Gundum section of the Dohazari-Cox’s Bazar rail link, as it appears unlikely to reap economic benefits amid the Rohingya crisis. No economic benefit will come from the Ramu-Gundum railway line because Bangladesh’s relations with Myanmar are not so good. Project director Md Mofizur Rahman told The Business Standard: […]]]>

Bangladesh Railway has suspended work on the Ramu-Gundum section of the Dohazari-Cox’s Bazar rail link, as it appears unlikely to reap economic benefits amid the Rohingya crisis.

No economic benefit will come from the Ramu-Gundum railway line because Bangladesh’s relations with Myanmar are not so good.

Project director Md Mofizur Rahman told The Business Standard: “We have set ourselves the goal of completing the railway line of over 100 km. But there are no plans to build the 28.75 km stretch from Ramu to Gundum as part of the project.

Although an official announcement has not yet been made, authorities have backed down on plans to acquire land and build railroads on the route, according to people familiar with the matter.

Railway officials said that once bilateral relations between the two countries improve, construction of the Ramu-Gundum railway line will be completed as part of another project given the importance of international rail connectivity.

In 2018, the government abandoned its plan to build a bridge over the Naf River in the face of opposition from Myanmar.

At the same time, authorities have proposed a two-year extension for the Dohazari-Cox’s Bazar railway project which is expected to be completed by June 2022.

Railway officials said work on the track would be completed by June 2023 and another year would be needed to review the project’s errors.

Bangladesh Railway started implementing the project in June 2010 to connect Cox’s Bazar to the rail network as well as to the Trans-Asian Railway Corridor. The Asian Development Bank (ADB) is lending Tk 13,115 crore under the Tk 18,034 crore project.

A recent report from the Implementation Monitoring and Evaluation Division (IMED) indicated that no plan had been found for the construction of a railway line from Ramu to Gundum because the project authorities did not couldn’t tell if the line would actually be built.

The IMED report, published last September, recommended that the Ministry of Railways take a final decision in this regard. In addition, the Economic Relations Division also suggested discussing it with the ADB, the financing agency of the project.

At the same time, the ministry was requested to inform IMED of its action within one month.

But neither the railway ministry nor Bangladesh Railway took action, IMED and ERD officials said.

Dr Pear Mohammad, ERD’s additional secretary and wing chief (ADB), said the ERD was not aware of the problems with the construction of the Ramu-Gundum railway line.

The railway ministry also did not contact ADB via ERD, he added.

IMED officials said AfDB would take over part of the loan due to the abandonment of construction of the railway line. As a result, it is possible to negotiate with the agency to spend the money on other projects. It is necessary to take a quick decision in this regard.

Project officials said the estimated cost of the Ramu-Gundum railway line was Tk 2,558 crore, of which Tk 1,616 crore would come from the ADB in the form of a loan.

Shamsul Haque, communication expert and teacher at Buet, said: “We can cancel the project for now but in the future we will have to build a railway line on this road because it is part of a network. international rail. . There is no alternative to this route to establish regional connectivity.

Proposal to extend the duration of the project

Although the project was due to be completed in June of next year, a lot of work, including land acquisition, rehabilitation and transfer of power pylons, remains to be done.

The Ministry of Railways has already sent a proposal to the Planning Commission and IMED, asking for an extension of the project.

Emphasizing the rationale for extending the project deadline, the railroads said the 1,365 acres of land acquired for the project could not be returned to the contractor within the allotted time frame. Most of the land was handed over in 2018 and 2019. For this, additional time is needed to complete the project.

The railway said the money went to the Power Grid Company of Bangladesh Ltd, Bangladesh Power Development Board and Palli Bidyut for relocating power towers in the project area about 5 years ago. However, the work to relocate the tower has not yet been completed, which is hampering the work.

According to project officials, Tk 5,980 crore was spent on the Dohazari-Cox’s Bazar railway line project until last October and the physical progress of the project is 64%.

Work in progress

According to the IMED report, the construction of the Dohazari-Cox’s Bazar railway now takes place in two parts.

As part of the Dohazari-Chakaria part, which started in July 2018, 19 railway bridges will be built. But none of the bridges are finished yet. However, only 27 culverts were fully constructed out of 114.

In addition, the construction of a 49 km embankment is underway in this part, while three stations on this axis in Dohazari, Harbang and Chakaria are under construction.

As part of the Chakaria part in Cox’s Bazar, which started in March 2018, the construction of 15 of the 20 bridges has been completed. The rest of the bridges are under construction.

Construction of 85 of the 110 culverts has been completed in this section and 50 km backfill work is underway. Stations will be built in this part. According to the IMED report, three stations are being built on this road in Dulahazra, Islamabad and Cox’s Bazar.

A state-of-the-art 17,345 square meter railway station with eight elevators, parking lots and hotel facilities is also being built at Cox’s Bazar as part of the project. The construction of three underpasses for the movement of elephants has been completed in the Chunti region.

However, IMED officials said no initiative has been taken to build the connection road, which is supposed to be carried out by the Department of Local Government and Engineering (LGED).

They said it takes more than a year to complete the process of a new project in our country. Consequently, it is necessary to take initiatives to build roads connecting the stations. Otherwise, even if the train’s movement with Cox’s Bazar is started, passengers will have to suffer due to the unfinished connecting roads.


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Buying a house: are the deposits still necessary? https://paydayadvanceusca.com/buying-a-house-are-the-deposits-still-necessary/ Sun, 26 Dec 2021 13:00:39 +0000 https://paydayadvanceusca.com/buying-a-house-are-the-deposits-still-necessary/ When it comes to buying a home, nothing catches the seller’s attention as much as a deposit. The payment of a deposit when signing an offer to purchase (OTP) is considered as proof of commitment. A down payment – usually 10% of the cost of the property – tells both the banks and the seller […]]]>

When it comes to buying a home, nothing catches the seller’s attention as much as a deposit. The payment of a deposit when signing an offer to purchase (OTP) is considered as proof of commitment.

A down payment – usually 10% of the cost of the property – tells both the banks and the seller that you are a serious buyer.

However, while deposits were once an integral part of the home buying process, the latest statistics released by Ooba Group indicate that no deposit home loan approvals are on the increase.

Rhys Dyer, CEO of Ooba Group, said: “During the first quarter of 2021, we successfully secured mortgage financing for 80.7% of our applicants, 61% of whom applied for an unsecured loan. The first-trimester approval rate among first-time buyers who needed a no-deposit loan was 79.3%. “

This raises an important question: is a deposit still required to buy a house?

“It’s not that simple,” Dyer said. “While this data underpins banks’ favorable lending criteria in recent years, a deposit remains the best way to secure an approved home loan application.”

“With a deposit, you prove to the banks that you can finance at least part of your home purchase, which makes your loan less risky and indicates your ability to make monthly payments.” he said.

As well as increasing the chances of your home loan being approved, Dyer said there are still plenty of additional reasons why a deposit will benefit you – as a buyer – in the short and long term.

Short-term savings can lead to long-term disadvantages

While it might be tempting to think that not making a down payment upfront reduces the cost of buying a home, this short-term saving will cost you more in the long run.

Simply put, a deposit reduces the amount you have to pay back to banks. “Lower monthly repayments reduce the amount of interest you have to pay on your home loan over the borrowing period – and that should work for you in the long run,” Dyer said.

“The less you borrow, the less you have to repay – and that’s a huge plus when you do the math. A deposit also gives you some leverage when negotiating a better interest rate because you have turned out to be less risky.

Dyer said that an added benefit of posting a bond is that it will help you stand out from the crowd when competing for your dream home.

“We’re still in a buyer’s market and the competition is fierce – but if you find yourself in a situation of multiple offers on a property and you put down a down payment, the seller is more likely to accept your offer than it is. it is not. “Other potential candidates. buyers, ”he said.

Read the fine print

Dyer is warning potential buyers that they may not have the option of making a down payment. “An OTP on certain properties could specifically include a stipulation that the buyer pays a deposit and that failure to do so constitutes a breach of contract. This gives the seller the right to cancel the transaction.

Secure your deposit

Once you’ve weighed your options and decided to make a down payment, the next hurdle arises: How do you best secure it?

With the majority of real estate transactions taking place online, the opportunities for cybercrime are plentiful, leaving buyers vulnerable to the loss of their deposit.

These types of crimes commonly and easily occur when email recordings between the agent, the buyer and the respective attorneys to whom the deposit is paid are intercepted by a malicious third party. This is commonly referred to as phishing.

“Unfortunately, these crimes can go unnoticed because the buyer traditionally has little or no visibility into the deposit once the money is paid,” Dyer said.

The general process is as follows:

  • The deposit is mentioned in the offer to purchase and must be paid upon acceptance.
  • The deposit is placed in a trust and hopefully kept in a safe place until the ownership transfer and registration process is complete.

Dyer said most buyers mistakenly think they have only two options for managing the trust: the assigning lawyer or the real estate agent.

“The Ooba group wanted to offer buyers a third option to manage their deposit securely, one that would ensure full transparency on the deposit process until the end of the transaction. “

“This is where Buyers Trust (a subsidiary of the Ooba group) comes in. The system has been designed with countless security measures to protect it against cybercrime threats to attorneys and real estate agencies. Buyers Trust also gives you full visibility of your deposit at all times, in an account in your name, so you will have 100% peace of mind about the security of your deposit.

Getting the most from your deposit

For many buyers, the primary motivation for making a down payment when buying a home is the desire to save as much money as possible over the long term.

Dyer said Buyers Trust is structured with those savvy buyers in mind by providing maximum return on investment.

“Choosing buyer trust means buyers are more likely to earn better interest on their deposit than if they had given the account to a transfer lawyer, as well as to receive fees as a whole. included with no unforeseen costs, ”he said.


Read: South Africa’s rental market has a problem

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Workers with leverage increasing expectations of financial well-being, 401 (k) benefits https://paydayadvanceusca.com/workers-with-leverage-increasing-expectations-of-financial-well-being-401-k-benefits/ Fri, 24 Dec 2021 13:09:46 +0000 https://paydayadvanceusca.com/workers-with-leverage-increasing-expectations-of-financial-well-being-401-k-benefits/ (Photo: Shutterstock) The so-called Great Resignation created a seller’s market for job seekers. Nearly four and a half million Americans quit their jobs in November, continuing a continuing trend, according to the United States Bureau of Labor Statistics. As a result, employees have more leverage than ever to demand better benefits from their employers. Employees […]]]>
(Photo: Shutterstock)

The so-called Great Resignation created a seller’s market for job seekers.

Nearly four and a half million Americans quit their jobs in November, continuing a continuing trend, according to the United States Bureau of Labor Statistics. As a result, employees have more leverage than ever to demand better benefits from their employers.

Employees face issues such as health care costs, mountains of student debt, and uncertainty surrounding retirement and the future of Social Security. Many workers are looking for more financial stability and support.

Betterment Company 401 (k) recently researched the state of employee financial well-being by interviewing 1,000 full-time workers.

“Our research shows that employees are still suffering financially from the economic impacts of the past 18 months, with many having had to dip into their emergency funds since the start of the pandemic,” according to the investigation report.

“While most employees haven’t quit their jobs voluntarily in the past year and a half, they want extra support from their employers to avoid being enticed to look elsewhere. Financial benefits are now their top priority, above office benefits and even vacations, and employees are looking for special help with retirement planning and student debt.

Among the highlights of the survey:

1. Status of the workforce. Despite the high turnover rates faced by many industries, the vast majority of full-time employees surveyed (94%) did not voluntarily quit their jobs in the past 12 months. However, 28% are currently looking for a new job.

“We see the impacts of COVID-19 through a number of responses – burnout, isolation and leaving the workforce to deal with personal issues were all highly cited factors,” indicates the report.

“With the proportion of people who left for a job that suited them better, almost equaling the proportion of people who left for better benefits or wages, it is clear that the pandemic has prompted workers to reassess what they have. need to be satisfied with their work. . Ideally, it should be both financially and emotionally fulfilling.

2. Employee expectations. Amid the financial challenges of the pandemic and the ongoing competition for talent, employees are demanding employer support more than ever. Seventy-eight percent said it was important for their employer to provide financial well-being benefits, and 71 percent said those benefits are even more important now than they were before the pandemic . Almost 70% of them feel they have better financial well-being benefits over an extra week of vacation.

When asked to prioritize financial wellness benefits, employees ranked access to a high-quality 401 (k) and 401 (k) match program as most important, followed by an allowance of wellness and a flexible spending account or health savings accounts.

An employer-sponsored emergency fund placed fifth. This benefit has come to light more since the start of the pandemic, and it shows employees’ appetites for employers to help them accumulate emergency savings.

3. Implications for retention. Three-quarters of workers would likely quit their jobs for an employer with better financial benefits. This is especially true among the younger generations. Employees reported that the top three most attractive benefits are a high-quality 401 (k), 401 (k) matching program, and a flexible spending account or health savings account.

A third said their employer started offering new financial welfare benefits in the past year, the most common being a 401 (k) welfare allowance, a 401 (k) matching program, which is what employees indicated they wanted from their employers. .

4. Student loan debt. Over a third of respondents are responsible for student debt, either their own or someone else’s. Despite this debt, people with student loans do a good job of saving money: 63 percent of student loan borrowers have an emergency fund, compared to 67 percent of those without. .

“It’s clear that employees want more support when it comes to financial well-being,” the report concludes. “This means helping them take advantage of the tremendous benefits your business currently offers, as well as rethinking the benefit offerings to fit their current needs. If your business still works remotely, it may be time to consider reorienting the old coffee and snacks budget towards a more flexible wellness allowance that employees can use to meet their current needs while at the same time. working from home.

“Your benefit package can’t – and doesn’t need to – meet all of every employee’s needs. However, there are simple and inexpensive ways to provide them with a comprehensive financial well-being solution that can offer retirement benefits, emergency funds, investments, access to financial advisors, and other counseling tools. planning. Large benefit packages no longer have to be expensive or time-consuming, whether your business has two or 2,000 employees. “


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How to benefit from the SBI agricultural gold loan via YONO? Know the interest rate, benefits, eligibility and more https://paydayadvanceusca.com/how-to-benefit-from-the-sbi-agricultural-gold-loan-via-yono-know-the-interest-rate-benefits-eligibility-and-more/ Wed, 22 Dec 2021 06:35:29 +0000 https://paydayadvanceusca.com/how-to-benefit-from-the-sbi-agricultural-gold-loan-via-yono-know-the-interest-rate-benefits-eligibility-and-more/ zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed on your device when you use or visit zeenews.india.com websites that link to this policy (collectively, […]]]>

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed on your device when you use or visit zeenews.india.com websites that link to this policy (collectively, “the Sites “). This cookie policy should be read in conjunction with our privacy policy.

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IMV Strengthens Financial Position with Conclusion of US $ 25 Million Long Term Debt Facility https://paydayadvanceusca.com/imv-strengthens-financial-position-with-conclusion-of-us-25-million-long-term-debt-facility/ Mon, 20 Dec 2021 12:05:00 +0000 https://paydayadvanceusca.com/imv-strengthens-financial-position-with-conclusion-of-us-25-million-long-term-debt-facility/ DARTMOUTH, Nova Scotia & CAMBRIDGE, Mass .– (COMMERCIAL THREAD) – IMV Inc. (NASDAQ: IMV; TSX: IMV), a clinical-stage company developing a portfolio of immuno-educational therapies based on its new DPX platform to treat solid and hematologic cancers, today announced the contract for US $ 25 million long-term debt facility led by Horizon Technology Finance Corporation […]]]>

DARTMOUTH, Nova Scotia & CAMBRIDGE, Mass .– (COMMERCIAL THREAD) – IMV Inc. (NASDAQ: IMV; TSX: IMV), a clinical-stage company developing a portfolio of immuno-educational therapies based on its new DPX platform to treat solid and hematologic cancers, today announced the contract for US $ 25 million long-term debt facility led by Horizon Technology Finance Corporation (Nasdaq: HRZN) (“Horizon”). IMV has withdrawn US $ 15 million and an additional US $ 10 million will be made available once a predefined milestone is reached.

“This partnership with Horizon complements our recent US $ 25 million equity offering and strengthens our lead and flexibility as we continue to advance MVP-S and DPX-SurMAGE through their next round of clinical and regulatory milestones. . We will also be able to continue to explore the versatility of our DPX technology platform, ”said Pierre Labbe, Chief Financial Officer of IMV. “Throughout this investment process, the Horizon team has demonstrated an understanding of both our business and the science.

“We are delighted to support IMV’s efforts at such a critical time for the Company,” said Gerald A. Michaud, President of Horizon. “This funding is in line with our strategy of investing in innovative life sciences and health companies whose success will help improve patient outcomes and improve public health more broadly. ”

US $ 15 million of the US $ 25 million facility was funded at closing, of which C $ 4.5 million will be used to repay IMV’s existing term loan with the Government of Nova Scotia. The additional US $ 10 million available under the facility will be available once IMV reaches a predetermined milestone. Proceeds from the facility will be used to support the ongoing clinical development of key investigational product candidates in the IMV pipeline and for general working capital purposes.

As part of this debt financing, IMV has agreed to issue Horizon warrants (the “Warrants”) to purchase up to 568,180 common shares of the Company (the “Shares”) at a price of exercise of US $ 1.32 per share until December 17, 2031. 454,544 warrants were issued on December 17, 2021, and the balance of 113,636 warrants are expected to be issued upon drawing of the 10 million. Additional US dollars available under the facility will be accessible as soon as IMV reaches a predetermined milestone. The warrants and the shares issuable upon exercise will be subject to a legal hold period of four months following the issuance of the warrants in accordance with applicable securities laws. For the purposes of the approval of the Toronto Stock Exchange (“TSX”), the Company avails itself of the exemption provided in section 602.1 of the TSX Companies Handbook, which provides that the TSX will not apply its standards to certain transactions involving qualifying interlisted issuers on a recognized exchange, such as NASDAQ, provided the transaction is completed in accordance with the requirements of that other recognized exchange.

The securities offered have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or any state securities law, and cannot be offered or sold to, or on behalf of or for the benefit of, persons in the United States or persons in the United States (as that term is defined in Regulation S under the US Securities Act) without registration under the US Securities Act and all applicable state securities laws, or in compliance with an exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal.

About IMV

IMV Inc. is a clinical-stage immuno-oncology company that offers a portfolio of therapies based on the company’s immuno-education platform: DPX ™ technology. Through a differentiated mechanism of action, the DPX platform delivers instructions to the immune system and generates a specific, robust and persistent immune response. IMV’s main candidate, maveropepimut-S (MVP-S) provides antigenic peptides of survivin, a well-known cancer antigen. Treatments with MVP-S have demonstrated the activation of a targeted and sustained anti-tumor immune response, correlated with clinical benefit and were well tolerated in all clinical trials. MVP-S is currently being evaluated in clinical trials for cancers of the blood and solid cancers, including diffuse large B-cell lymphoma (DLBCL) as well as ovarian, bladder and breast cancers. breast. IMV is also developing a second immunotherapy based on the DPX immune delivery platform, DPX-SurMAGE. This dual target immunotherapy combines peptides antigenic for survivin and the cancer proteins MAGE-A9 to simultaneously elicit immune responses to these two distinct cancer antigens. A phase 1 clinical trial in bladder cancer will open in early 2022. For more information, visit www.imv-inc.com and connect with us on Twitter and LinkedIn.

About Horizon Technology Finance

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company providing capital in the form of secured loans to venture-backed companies in the technology, life sciences, health information and services and sustainable development. Horizon’s investment objective is to maximize the return on its investment portfolio by generating current income from the debt investments it makes and capital appreciation from the warrants it receives. during these debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located in Portland, Maine, Austin, Texas and Reston, Virginia. For more information, please visit www.horizontechfinance.com

IMV’s forward-looking statements

This press release contains forward-looking information under applicable securities laws. All information that deals with activities or developments that we expect to occur in the future is forward-looking information. Forward-looking statements use words such as “will”, “may”, “possible”, “believe”, “expect”, “continue”, “anticipate” and other similar terms. Forward-looking statements are based on the estimates and opinions of management at the date the statements are made. In the press release, these forward-looking statements include, but are not limited to, statements regarding the disbursement of an additional US $ 10 million under the loan facility, the issuance of the second tranche of warrants. subscription, the Company’s ability to advance its development strategy as well as the prospects of its leader in immunotherapy and its other pipeline of immunotherapy candidates. However, they should not be taken as a representation that any of the plans will be realized. Actual results may differ materially from those presented in this press release due to risks affecting the Company, including access to capital, successful design and completion of clinical trials and timely receipt of all approvals. regulatory to begin, and then continue, clinical studies and testing and receipt of all regulatory approvals to market its products. IMV Inc. assumes no responsibility for updating any forward-looking statements in this press release, except as required by law. These forward-looking statements involve known and unknown risks and uncertainties, and these risks and uncertainties include, without limitation, the ability to access capital, the success and, generally, the timely completion of tests. clinical and research studies and the receipt of all regulatory approvals as well as other risks detailed from time to time in our current quarterly filings and annual information form. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read IMV’s continuous disclosure documents, including its current annual information form, as well as its annual audited consolidated financial statements which are available on SEDAR at ‘address www.sedar.com and on EDGAR at www.sec.gov/edgar



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West Brom’s Valerien Ismael is ready to let striker Rayhaan Tulloch leave the club on loan https://paydayadvanceusca.com/west-broms-valerien-ismael-is-ready-to-let-striker-rayhaan-tulloch-leave-the-club-on-loan/ Sat, 18 Dec 2021 17:25:00 +0000 https://paydayadvanceusca.com/west-broms-valerien-ismael-is-ready-to-let-striker-rayhaan-tulloch-leave-the-club-on-loan/ West Brom boss Valerien Ismael is set to let Rayhaan Tulloch leave the club on loan next month … with several League One teams aiming for the swoop for the talented striker Teenager Rayhaan Tulloch only benched West Brom this seasonThe 20-year-old needs regular playing time after playing a minute of footballSeveral League One teams […]]]>

West Brom boss Valerien Ismael is set to let Rayhaan Tulloch leave the club on loan next month … with several League One teams aiming for the swoop for the talented striker

Teenager Rayhaan Tulloch only benched West Brom this seasonThe 20-year-old needs regular playing time after playing a minute of footballSeveral League One teams keep an eye on the youngster ahead of a kickBaggies boss Valerien Ismael thinks Tulloch could get loan

Through Simon Jones for MailOnline

Posted: 12:25 p.m. EST, December 18, 2021 | Update: 12:25 p.m. EST, December 18, 2021

West Brom Forward Rayhaan Tulloch could be on loan next month amid growing interest from League One clubs.

The talented 20-year-old has been on the bench for Albion as they pursue a return to the premier league and manager Valérien Ismael will take stock of his situation in the coming weeks.

Ismael believes Tulloch can gain more advantages by getting regular competitive playing time elsewhere as long as Albion has enough strength in depth for his offense.

West Brom forward Rayhaan Tulloch (left) is being watched by several League One teams

Playing just a minute of football, the 20-year-old (center) is keen to ensure consistent playing time

“We will assess the situation,” Ismael told the Shropshire Star when asked if Tulloch could be loaned out next month.

The Baggies boss, 46, believes the youngster has the potential to make the first team in the future, but a move away to get regular action could be on the agenda.

‘Rayhaan is, for sure, one of those (high potential) players.

“But for the moment, it’s more about regaining confidence in his body, training regularly, playing regularly, and the 23 are there to give him the opportunity to play (if he does not move in ready).

Valérien Ismael believes Tulloch will benefit from temporary withdrawal from the club

Tulloch has already suffered a serious hamstring injury and is likely to leave on loan

“We will see improvement week after week.”

Tulloch has only played a minute of playing time so far this season, in the 2-1 win over the Blackburn Rovers in August.

Plymouth Argyle, Sheffield Wednesday, MK Dons and Fleetwood are monitoring all developments with former England U18 international Tulloch, who has long been seen as a youngster with great potential.

He was previously on loan from Doncaster Rovers to suffer a serious hamstring injury. Tulloch has worked hard to get back to sharpness and now wants to get a set of games.

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Eight states ask for more time to repay federal government for unemployment benefit loans https://paydayadvanceusca.com/eight-states-ask-for-more-time-to-repay-federal-government-for-unemployment-benefit-loans/ Thu, 16 Dec 2021 21:50:00 +0000 https://paydayadvanceusca.com/eight-states-ask-for-more-time-to-repay-federal-government-for-unemployment-benefit-loans/ Eight states wrote to the federal government on Tuesday asking for more time to repay interest on loans they took to pay unemployment benefits during the pandemic. States had until September 6 to repay the Treasury Department the money they had borrowed to supplement their own UI funds. After this deadline, 10 states still had […]]]>

Eight states wrote to the federal government on Tuesday asking for more time to repay interest on loans they took to pay unemployment benefits during the pandemic.

States had until September 6 to repay the Treasury Department the money they had borrowed to supplement their own UI funds. After this deadline, 10 states still had outstanding balances and began to accumulate interest.

Previous coverage: These 10 states owe default interest on their federal unemployment benefit loans

“We believe the waiver period was initially determined on the assumption that the pandemic would likely be over and the economy and state governments would be in recovery mode,” wrote finance officials from the eight states. in a statement issued by Illinois Comptroller Susana Mendoza.

“However, it is quite clear to see that this public health crisis is not over, and the benefit of this waiver of interest is still needed.”

The declaration had New York, Colorado, Pennsylvania, Connecticut, New Jersey, Massachusetts and Minnesota as co-signers.

“These are states that have suffered the brunt of the pandemic and have done their best to protect their populations by putting in place restrictions, and have ended up with a fairly large deficit,” said Andrew Stettner, senior researcher at the Century Foundation. “There is a political rationale for saying, we want to give you a little more time to get your economy back on track and reduce the loan balance.”

Conversely, Stettner told MarketWatch: “These are states that have not saved enough for a recession of any magnitude. “

It’s not uncommon for states to borrow from the federal government during a bad recession, or have a grace period before they have to start paying it back. What is concerning is the significant overlap between states that were in a similar position emerging from the Great Recession and into 2021.

If anything, the problem is more “concentrated” now among states that have failed to move forward with reforming their unemployment insurance systems or to put money aside for the next downturn. In 2009, 36 states owed roughly the same amount as the 10 holdouts in September, or roughly $ 45 billion.

It makes it difficult for the federal government to take action to accommodate the demand, Stettner said – even though there was a mechanism for that to happen, which it doesn’t.

“What I would like to see is that if the federal government gave money for this, it should come with strings,” he said. “Some states will be insolvent over and over again because their system is broken. You must have a federal hook to require them to do this. “

Illinois owes the federal government $ 4.5 billion, according to the Mendoza statement. With an interest rate of 2.27%, the state has accrued $ 19.6 million in interest since the waiver expired and after paying $ 6.3 million in September.

Colorado Comptroller Robert Jaros said his state owed $ 1 billion, with nearly $ 4 million in accrued interest expected to exceed $ 20 million if not paid within a period of time. a year.

As large as those balances may seem, payroll taxes to repay accrued interest are typically less than $ 100 per worker per year, Stettner said. However, some states, including Texas, Louisiana, Kentucky and Iowa, chose to use their US bailout funds to pay off federal loans they took out, rather than raise taxes.


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