| GetSmart.com Suggests Ways to Use a Home Equity Loan
A Home equity loan can be a useful, tax deductible, way to tap equity that you have accumulated in your home. As long as you borrow wisely, this may be a good resource for some much needed cash. Charlotte, N.C. (PRWEB) August 10, 2007 -- Whether you're looking to pay for a costly education, find funding to renovate your home, or cover the costs of a large unexpected expense, you might want to consider a home equity loan. Home equity loans are great alternatives to putting major expenses on a credit card, and have a much lower interest rate. A home equity loan gives the borrower a lump sum of money at a fixed interest rate, with your home used to guarantee the loan. The borrower then pays the money back in monthly installments. So when is getting a home equity loan a good idea? GetSmart.com shares some insight: College tuition
If you need access to money to finance your child's college education, a home equity loan is something you may want to consider, particularly if your child doesn't qualify for a student loan.
TRX Integrates RESX Online Booking Site with TRAVELTRAX Data Reporting
TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced it is incorporating the innovative travel data reporting functionality of its TRAVELTRAX(SM) application into the RESX(R) corporate online booking engine. RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface. TRAVELTRAX is a Web-based travel data reporting platform featuring simple and visual dashboard reporting. By integrating the two applications, RESX will provide agency distributors and corporate accounts with enhanced reporting. Travel managers and system administrators will improve their ability to monitor travel and expense trends through executive dashboards and detailed, traveler-level data.
Advent Raises Largest-Ever Private Equity Fund for Latin America
Advent International, one of the world's leading global buyout firms, today announced the final close of its Latin American Private Equity Fund IV at the cap of $1.3 billion, making it the largest private equity fund ever raised for investment in Latin America. LAPEF IV exceeded its target capitalization by 30% and attracted over $2 billion of interest from institutional investors. The new fund brings Advent's total capital raised for the region to $2.2 billion. .
Promise offers to buy Sanyo Shinpan, to become largest Japanese consumer lender
Promise offered to buy its rival Sanyo Shinpan Finance on Thursday for about ¥110 billion, or $913 million, which would create the largest Japanese consumer lender. Promise offered ¥3,623 a share for the 75 percent of Sanyo Shinpan's stock traded on the market, it said in a statement to the Tokyo Exchange. It agreed to buy the remainder of Sanyo Shinpan from the family of Sanyo's chairman, Masakazu Shiiki for an undisclosed price. Sanyo shares closed Thursday at ¥3,650. The takeover will create a lender with more than ¥2 trillion of outstanding loans and could trigger more mergers in an industry racked by mounting claims for interest refunds. Promise and its rivals in the $170 billion Japanese consumer credit market have seen profits evaporate after courts ruled that borrowers could demand compensation for excessive interest payments.
Paul Galeski
Despite the stress, the chase for money and the challenges of starting a second company, several serial information-technology entrepreneurs say theyd do it again.
In 1990, Paul Galeski started Magnum Technologies, a factory automation software firm, with $6,000, two employees and a small office in Belleville, Ill. Like a lot of entrepreneurs, he poured his heart and soul into the company.
It expanded quickly, making the Inc. 500 list of fastest growing U.S. companies. Then, in 1997, it caught the eye of General Electric Co.
GE offered to buy Magnum and wanted Galeski to stay on to help run it. Making the decision to sell was brutal, Galeski recalls.
You raise this thing from a pup and grow it into a pretty substantial business, he says from his office at Maverick Technologies in Columbia, Ill.
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