Yogurt Wars – What You Need to Know

An organic yogurt company recently had a TV commercial highlighting 2 competitors and their not so wholesome ingredients. Now, if you’ve followed me, you’ll know random chemicals shouldn’t be in your food. Yet, the competitors are stating that it’s perfectly OK.

On of the ingredients, potassium sorbate, was confirmed by the CEO to kill bacteria and yeasts. They purposefully add it to destroy bacteria.

Wait, hold on… You eat the yogurt for the probiotic bacteria, right? So, why would you eat a yogurt that has a chemical designed to kill bacteria? It doesn’t make sense, until you realize that the company is more interested in money than providing a quality product.

The other has a chemical sweetener that was downgraded to ‘use with caution’ recently. Enough science made it through the bureaucracy to force the government to recognize it as something potentially unsafe. Why would you eat something that is needs to be eaten with caution? It’s directly saying that this poison is OK as long as you don’t eat too much of it.

You need to make healthy choices. One of those healthy choices is to avoid any food product with chemicals, colors, sugars, and things you just don’t know what they are.

Let’s face it, these things may make life easier now, but they will make life harder later on.

There are better alternatives. One is to make your own yogurt. It’s actually really easy. First, you need whole milk (not low fat or all you get is runny mush) and a good, organic yogurt starter. For me, I buy a starter from one of the several companies that put quality ahead of high CEO salaries.

As a side note, I purchased a starter pack with 6 different kinds of yogurt for less than $20. It will produce about 30 gallons of yogurt, maybe more if I carefully keep tending the base to produce new flavors.

Then, you add the yogurt starter to the milk, keep it warm, and wait. In a day, you have lots of healthy, delicious yogurt. You can add any flavor you want: berries, jams, maple syrup (odd, I know, but I know several people who do this), nuts, seeds, granola, and the list goes on.

You can make as little as a quart to several gallons at a time. Me, I make 1 gallon at a time and it lasts about a week for 3 people.

The best part is I don’t have to worry about chemicals, residues (I use organic milk), or unwanted things. When it is finished, with the yogurt starter, milk, and additions, I make 1 cup of yogurt for about $0.25. For me, it’s worth it. How much is your health worth to you?

Business Finance Brokers: Knowing How They Can Help You

Planning to purchase a business unfortunately do not know where to start looking for finance? Are you currently a bit too busy to be undertaking some researching plus negotiating with business finance brokers? Have you been beginning to lose hope because you are always rejected by lending companies or banking institutions?

When your reply is a definite ‘yes’ to these questions then it could be the very best time and also a smart idea to obtain the aid of a business finance broker who is able to accomplish all the finance arrangements in your part.

It truly is significant that you get a very good business finance broker as a good broker provides a dedicated one-to-one service and keeps you fully up to date of the available alternatives, what every single option entails along with its benefits and downside. A good broker is knowledgeable in finding a wide range of suitable finance options without delay. In addition, he offers the expertise to negotiate a better deal than you can do by yourself.

A business finance broker is aware of which type of financing you need. The kind of financing that you will need will depend on your financial means, your expected profit margin, the sector you want to enter plus some other factors. A broker makes the whole process simple and easy; in most cases he gathers some basic information from you via phone and provides a decision in principle within 24 or 48 hours.

When you have determined which financial providers to approach, the brokers can help you tailor and present your proposals in the right way. In order to help tailor your proposals and also to avoid rejections they keep up to date with any policy changes at banks.

The method that you present your proposal can often be the cause of being rejected for finance.

The moment you ponder on raising funds to obtain a business, what comes first to your mind is to get finance from banks. Yet you ought to be knowledgeable that there are a myriad of lenders these days and some of which specialize in particular products or industries. For instance if perhaps you wish to purchase a garage business, it would make sense to request finance from a lender which specializes in funding garages.

A finance broker is knowledgeable with the diverse market for finance provision. Odds are that you’ll find the process complicated and time intensive and find yourself land up picking the wrong business finance provider. You need the aid of a broker to get the best deal.

In regards to raising finance, a one-dimensional approach can be a bad idea. Quite often, banks lend on inflexible terms and more frequently they turn down individuals who are with greatest need.

Business finance brokers aid you have a whole lot more options besides banks. He will likewise tailor a financial package that suits your needs as well as resources from a wide selection of finance companies and kinds of finance.

Because brokers are up to par and extensively knowledgeable of the financial provision market they are fully aware precisely how much leverage they have in negotiations. Thus the moment you have selected a number of providers, the broker can use his expertise in negotiating to obtain a deal with the terms and rates that best accommodates your needs.

Bear in mind that the choice is always yours. A broker is there to offer you options and also assist you have an understanding of them to produce a well-informed choice.

A business finance broker can help beyond purchasing a business – he can assist you obtain working capital as your business grows and expands. Brokers also offer assistance on business planning, consulting, management buyouts, business restructuring, and also buy-ins and turnaround finance.

By simply using the services of a reliable finance broker like Enable Finance you’ll save yourself money and time plus obtain a financial deal that accommodates you best.

Tips for a Healthier Heart

It is clear as crystal – your diet has a profound effect on your physical and mental health. When combined with a regular physical exercise routine, adequate sleep and minimal-stress lifestyle, you pave way towards a long and healthy life!

In terms of cardiovascular health, it is a well-known fact that a healthy diet comprising of certain heart-friendly foods work wonders to keep heart diseases at bay. With cardiovascular diseases being the numero uno killer of men and women globally, it is important to maintain a healthy heart by consuming foods that help lower cholesterol levels, control blood pressure and blood sugar levels and maintain a healthy body weight. Here are a few heart-healthy diet tips that work towards preventing heart diseases.

1. Control your portion size

Eating right begins with eating the right size! Stuffing yourself with food is a sure way to add unwanted calories. Try using a small plate to control your portion size. Incorporate larger portions of fruits and vegetables, while lowering the portions of processed foods. It is a good idea to track the number of portions or servings that you consume. For starters, use a measuring cup, spoon or scale to track the size and weight of your servings.

2. Reduce unhealthy fats

Saturated and trans fats increase the levels of ‘bad’ cholesterol – Low-Density Lipoprotein (LDL) – in your body, thereby increasing the risk of cardiovascular diseases. Work towards limiting or entirely cutting out trans fats from your diet. Limit your consumption of processed or packaged foods such as chips and cookies. Replace solid fats such as butter and hydrogenated margarine with liquid vegetable oils such as olive oil or sunflower oil. You can also swap whole milk with low fat or skimmed milk.

3. Incorporate healthy fats

Not all fats are bad for you! Omega 3 fatty acids, Omega 6 fatty acids and monounsaturated fats work towards increasing HDL (High-Density Lipoprotein) cholesterol levels that are good for the heart. Fatty fish such as salmon, trout and herring are rich sources of Omega 3 fatty acids. Vegetable oils and soy nuts are great sources of Omega 6 fatty acids, while peanuts, pecans, almonds, cashews and avocados are good sources of monounsaturated fats. A simple way to add healthy fat to your diet is to grind flaxseed and add it to cereals, breakfast mixes or any baked foods. However, the key is moderation; all types of fats have a high calorie count.

4. Consume low-fat proteins

Lean meats such as poultry and fish, eggs and low-fat dairy products such as skimmed milk are excellent sources of low-fat protein. As previously mentioned, fatty fish such as salmon, herring and mackerel are rich sources of Omega 3 fatty acids. Alternatively, you can consume flaxseed, canola oil, walnuts and soybeans for vegetarian sources of Omega 3 fatty acids. You can completely substitute animal protein for plant protein by using legumes such as beans, lentils and peas. These are good sources of protein, contain less fat and no cholesterol.

5. Indulge in fruits and vegetables

Besides being super-rich sources of dietary fibre, vitamins and minerals, fruits and vegetables are low on calories and may curb your pangs for high-fat foods such as processed foods and snacks. Always keep a bowl of fruit or a box of cut vegetables handy in the refrigerator for some healthy snacking, or to whip up a fresh salad! Incorporate vegetables, especially leafy vegetables, into your cooking. Add legumes such as beans, lentils and beans to your diet. Carrots, tomatoes and celery are rich in insoluble fibre while berries, citrus fruits, beans, nuts, apples and pears are rich in soluble fibre. Both types of fibre are heart-healthy.

6. Be a fan of whole grains!

Whole grains are rich sources of fibre and other vital nutrients that help in regulating blood pressure, thereby maintaining a healthy heart. Substitute white rice and refined flour products such as white bread, biscuits and so on with whole wheat flour, whole grain bread, oatmeal, high-fibre cereals, and whole grains such as brown rice.

7. Reduce your sodium intake

High sodium levels can increase your blood pressure, thereby increasing the risk of cardiovascular diseases. Limit your sodium intake by reducing the amount of salt and salty foods in your diet. Avoid foods and condiments with high sodium content such as table salt, canned soups and foods, soy sauce and tomato juice. Replace them with herbs and spices, low sodium labelled foods and sauces and salt substitutes.

Besides following a heart-healthy diet, it is important to lead a stress-free life, combined with adequate physical activity and regulated sleep to keep your body energised, your mind fresh and your heart ever-healthy!

Your Bank and Business Financing – Reality Check

Business owners and managers want to compare equipment finance companies to their bank and for a good reason; a bank is a company’s first point of reference when borrowing money or financing equipment or an expansion project. A bank is the most obvious place to start and a secure place to store your money and use their multiple services. But what a bank does not do well, both historically because of their structure and the recent tightening of the credit market, is offer business financing for capital assets (equipment). Yet many people get confused when looking for an equipment loan because they are not seeing the whole picture; this is a case where you definitely want to compare apples to apples to get the best results.

Here are a few points to compare; these are not set in stone but based on years of experience, these trends apply a majority of the time.

1) Total Dollars Financed – banks normally require that you keep a balance of 20% or 30% of the equipment loan amount on deposit. This means they are only financing 70% or 80% of your equipment costs because you have to keep a certain amount of YOUR money in a fixed account for the duration of the loan. In contrast, an equipment finance company will cover 100% of the equipment including all “soft” costs and will only request a one or two month prepayment. No fixed deposits required.

2) Soft Costs – banks also will normally not cover “soft” costs like labor, warrantees, consulting and installation which means these costs come out of your pocket. An equipment finance company will cover 100% of the equipment price including “soft” costs and some projects can be financed with 100% “soft” costs which no bank would ever consider.

3) Interest Rates – this is the most popular question in the finance world; what’s my rate? If the bank requires 30% deposit in a fixed account then that automatically raises a 5% interest rate to a 20% rate. Now people will argue that you get that deposited money back at the end of the term but that is money which you do not have access to and has an opportunity cost associated with it. Equipment finance companies target their financing rates between 3-5% for cities and 7-9% for commercial financing which is a real fixed rate and not under-stated as the bank rates can be thus independent finance company rates are very competitive with “true” bank rates.

4) Process Speed – banks often take weeks to review and approve a finance request while independent finance companies normally only take a few days and can work much more quickly. Finance underwriters only review business financing while a bank has other types of requests clogging their channel.

Banks also have many more levels of approval and review to pass while independent finance companies normally only have two, underwriting and credit committee. Even with complicated deals, the finance company’s process is always faster.

5) Guarantee – banks require, as a standard part of their documentation, a blanket lien on all assets, both personal and business assets are used as guarantee against default on the loan. Your business assets, your home, your car, and your boat can all be on the line when entering into a bank transaction. This may also be the case with an equipment financing company but if your business operation is solvent then only your business will be listed as collateral and not your personal assets; this is known as a “corp only” approval.

6) Monitoring – banks require yearly “re-qualifying” of all their business accounts which means on the anniversary date of your loan each year, you must submit requested financial documents to assure the bank that everything is going well and nothing has affected your business in a negative way. Finance companies do not require anything during the term of the loan or finance as long as the monthly payments are made on time. Nobody will be checking into your business or policing what you do.

When comparing your bank financing to an independent equipment finance company, you have to make sure you are evaluating all the key parameters, not just one. Clearly, the fine print and terms of the transaction are more important than the big numbers. Banks work well within their space but have proven time and again not to be as flexible or solution-oriented as an independent finance company which solely focuses on business lending can be.

How Chili Will Save Your Life!

What most people seem to believe about chilli peppers is that they are spicy, mouth burning, flavour creators of passion! When you ask, most people say, “it’s just a little spicy red thing”.

It’s pretty obvious chillies are ultimate flavour enhancers. However, most people are unaware that these peppers have amazing, super powered health benefits!

It seems that not only are you able give your food a flavour hit, but it helps you with weight loss. So if you’re keen to “drop a few”, make sure to include chilli peppers into your diet plan! This is a good way to boost your metabolism.

According to studies published in Cancer Research (2006), chillies can actually help lower the risk of prostate cancer. This is due to their ability to kill off cancer cells, while causing no harm to others. Another positive outcome is that as a treatment it shows that chilli peppers also reduce the growth of cancer cells.

Diabetes. A word most unpleasant! However, have no fear the chilli pepper is here! Thanks to compounds within the pepper, they immensely lower your risk of developing diabetes. Wow that’s so amazing!

Looks like it’s time to man up and eat some more chilli. According to random studies, chopped up chillies have the positive health benefits of increasing your immune system’s ability to function. How cool is that? Having some sinus problems? No problem! Get your chilli cayenne pepper out and mix it in with that chicken soup! Instant unblocked nose!

Ever heard of a little vitamin called “Vitamin C”? Of course you have! So has “Chilli”. Did you know that chilli peppers have more than double the amount of vitamin C than a tall glass of good old OJ? In addition, a good amount of vitamins A and B are also found within these little peppers!

A few simple ways to include these little miracle workers into your diet are, blending them into smoothies, having them soak in cooking oil to create chilli oil and to just eat them plain and simple! If you have trouble deciding which chilli is the right one for you. Don’t worry there are heaps to choose from. It’s said that green coloured chillies are not as hot as red and orange ones. Also be sure to keep your eye on the little ones. Yes, they sure are the most hot and furious of them all!

My passion has always been spicy foods. Later on in life I came to the conclusion that chillies were what made me love all foods. Hence forth I have been working hard to create information and value for people who don’t know about the amazing powers of chilli peppers.

Meal of the Week 37 – Lasagna Rolls

Meal of the Week: Turkey Lasagna Rolls w/ Salad
Leftover Meal Idea: Muffin Melts

Here’s a fun way to enjoy lasagna but in a more individualized manner that will help keep calorie count low and in turn help keep you focused on healthy nutrition. Even though portion size and ingredients are a tad different than usual, that in no way sacrifices flavor or taste. If the meal is prepared as outlined below, you should have enough leftover to make some tasty muffin melts that you’ll enjoy for work the next day. Those who desire a vegetarian/meat-less version simply do without the lean ground turkey and opt for an alternative of your liking.

Equipment Needed
– colander
– large pot for water/pasta
– large skillet for meat
– medium size stovetop pot
– large mixing bowl
– large oven pan
– parchment paper
– aluminum foil

Ingredients
Makes 4-6 servings

1 1/2 pounds lean ground turkey
1 box lasagna
1 jar Marinara sauce
1 cup diced spinach
1 cup ricotta cheese
1 cup shredded mozzarella cheese
3/4 cup cottage cheese (small curd)
1/2 cup Parmesan cheese
1 tablespoon oregano
2 tablespoons olive oil
2 tablespoons minced garlic
1 egg
salt and pepper

For Leftover Muffin Melts
– whole wheat English muffins

Directions

*Preheat oven to 425 degrees

1. You will need to boil a large pot of water (with optional dashes salt) to cook the lasagna al dente for about eight minutes. When that’s finished carefully remove and drain using a colander.

2. While the water is boiling if you’re planning to use lean ground turkey (or any other meat) for this meal you can start cooking this next. Open the container and empty the contents into a stove top pan, add some salt and pepper to taste, and on medium heat start dicing the meat with a wooden spoon. Cook until desired wellness is achieved.

3. While the meat and lasagna noodles are cooking you can carefully dice the spinach leaves into small pieces using a sharp knife until you have a cup worth. In a separate small stove top pot, add 2 tablespoons of olive oil along with the 2 tablespoons minced garlic and the cup of diced spinach on low heat stir for a few minutes.

4. In a large mixing bowl add the egg, 1 cup Ricotta cheese, oregano, 3/4 cup cottage cheese, the garlic/spinach mixture, 1/4 cup parmesan cheese along with pinches of salt and pepper. Mix together well with a fork.

5. Right about now the meat and lasagna should be about done cooking. Lower meat to a simmer and add entire bottle of marinara sauce and mix well. You will have a nice, tasty meat mixture now.

6. Use a large piece of parchment paper and get ready to make the lasagna rolls. Simply lay out 1 entire noodle on the parchment paper and use a spoon to spread the cheese mixture evenly and thinly across one entire side. Then carefully roll the lasagna up from one end to the other.

7. Before you place the lasagna roll in your oven pan, spoon some of the meat sauce mixture across the bottom of the pan to give it a thin coating. Then you can place the lasagna rolls side by side but not touching. Continue to repeat this process until you finish all the lasagna rolls you plan to cook. You may have to use two separate oven-safe pans depending on how many rolls you plan to make.

8. Once all the lasagna rolls are prepared and arranged in the pan, spoon the remaining sauce over each one of the rolls. Then mix the remaining parmesan and shredded mozzarella cheese and sprinkle on top of all the rolls.

9. Cover the pan(s) with a piece of aluminum foil and place in the oven for 20 minutes or until the cheese is bubbling.

10. Finally, while the lasagna is cooking you can prepare the type of salad you plan to serve with the meal. Once everything is done, serve appropriate portions and enjoy.

Leftover Meal Idea: Muffin Melts
If you are unfortunately left without any leftover lasagna rolls but still have some of the meat sauce mixture, here’s a chance to make some delicious muffin melts. These taste very similar to Subway meatball sandwiches if you prepare the sauce with meat as described above. All you will need to purchase extra is some whole wheat English muffins, If you don’t want to use those, or just want to use what you have on hand, you can always opt for a tortilla, pita bread, toast, or even a large piece of lettuce to use as a wrap. Simply spread the desired meat sauce mixture onto one side of the bread, sprinkle some shredded cheese and parmesan cheese on top, and cover with the other piece of bread. Wrap in a piece of aluminum foil until ready to be taken out and re-heated for a tasty lunch.

Low-Calorie Chicken Recipes

I am not going to start another lecture on healthy diet, what should you eat and what not to eat, blah, blah, blah. On the web, you can find enough articles about that. Staying healthy and fit does not involve the idea that you should only eat vegetables and fruits. I know how tough it is, not to respond to the alluring calls of pizzas, burgers or other spicy, cheesy foods. And for what? Because you want to keep your waistline trimmed, forever. And this can never happen if you keep your taste buds happy. Hence, you ditch the animal protein from your diet. Really? You think so?

Shedding pounds does not include that you eat less, but eat the foods or dishes of less calorie. If you are following a diet plan that cuts all that you love to eat, does not sound well. Mark my words, you cannot follow that meal plan for a long time. Here are some low-calorie chicken recipes that will help you to stay on the tracks of a healthy diet, as well as pampering your taste buds.

Baked Chicken Drumsticks:

(4 servings)

Ingredients –

Chicken drumsticks 4.
Onion paste one teaspoon.
Ginger-garlic paste one teaspoon.
Crushed ground black pepper.
Oregano.
Salt to taste.
Vegetable oil.

Directions –

First, marinade the chicken drumsticks with lemon juice, onion paste, ginger-garlic paste, and salt to taste. Now set aside it in the room temperature for 30 minutes.
Pre-heat the oven to 180 degrees C.
Now grease a baking pan with oil and arrange the drumsticks on the pan. Brush each of them with a little bit oil. And finally, sprinkle crushed black pepper and oregano on them.
Bake for 30 minutes. Turn over the sides, and bake for another 20 minutes.
Now enjoy the juicy chicken leg pieces sprinkled with exotic herbs.
Chicken cooked with onion, bell pepper, and mushrooms:

(3 servings)

Ingredients –

Boneless chicken pieces 14 (I prefer the thigh pieces. They are delicious and take less time to get cooked.)
Mushrooms (either canned or fresh from the market)
One large onion (finely chopped)
5 Cloves of garlic (minced)
Ginger paste half teaspoon
Lemon juice one teaspoon
Red, green, and yellow bell peppers (cut into small pieces)
Crushed ground black pepper
1 and a half tablespoon of extra virgin olive oil
Salt to taste
Coriander leaves

Directions –

1) Marinade the chicken pieces with lemon juice and salt. Set it aside for about 30 minutes.
2) Cut the mushrooms into small or medium pieces, as you wish. I prefer my mushrooms to be in medium thin slices.
3) After 30 minutes, heat the oil in a pan. Add the ginger and garlic, sauté until they turn brown.
4) Now add green chilies, onions and bell peppers to it. Sauté for 6-7 minutes. Let them sweat a little bit.
5) After that, add the mushroom pieces to the pan and add salt and black pepper to it. Cook for another 4 minutes.
6) After 3-4 minutes, add the chicken pieces, and mix all of them well. Place the lid over the pan and cook it for another 10 minutes.
7) After 10 minutes, turn off the flame, open the lid and enjoy the mouth-watering aroma of cooked chicken and mushrooms together.

And now, it is time to serve it. You can garnish the dish with fresh chopped coriander leaves or parsley.

Lemon Chicken:

(3-4 servings)

Ingredients –

A whole chicken breast
Lemon juice (half of a large lemon)
One chopped onion
5-6 cloves of garlic, minced
Ginger paste proportioned to garlic
Green chilly chopped or paste
Half teaspoon of turmeric powder
Half teaspoon of red chili powder
Black pepper powder
Salt to taste
Half tablespoon of vegetable oil

Directions –

1) In a mixing bowl, Take all the ingredients except the chicken, and form a mixture.
2) Rub this mixture all over the chicken breast very well. And marinade for 1-2 hours. You can also leave it overnight if you want.
3) Now pre-heat the oven to 200 degrees C. And grill the chicken breast for 20 minutes. Flip the side and grill for another 30 minutes.
Before you place the chicken breast into the oven, don’t forget to brush some vegetable oil over the chicken.

If you want to sauté the chicken,

1) Cut the chicken breast into small pieces (approx. 15-20 pieces).
2) Marinade the chicken pieces. The process is the same as the grilled one.
3) In a pan, heat half tablespoon of vegetable oil, and sauté the chicken pieces until they turn brown.

If you are so health conscious, and cannot even want to intake 200-300 calories, then go through this Boiled Chicken recipe.

(3-4 servings)

Ingredients –

A whole chicken breast
One large onion cut into large chunks
6-8 cloves of garlic, roughly chopped
2-3 inch ginger, chopped
One carrot cut into large chunks
Two celery stalks cut into chunks
Salt to taste
Black pepper powder
Vegetable oil

Directions –

1) In a large pan, pour water and add the onions, garlic, ginger, carrots, and celery to it. Sprinkle salt, black pepper powder, and oil to it. Put it on the heat for 1 minute.
2) After 1 minute, when a few water bubbles come out, add the chicken breast to the water. Cover the lid of the pan, and boil the chicken for about 40-50 minutes. You can add more water if it needs.
3) How to know that the chicken is ready? If you see that the meat is falling off the bone, surely the chicken is ready to eat.
4) Now, remove the chicken breast out of the broth, discard the bones, and shred into pieces.

Sources of Business Finance

Sources of business finance can be studied under the following heads:

(1) Short Term Finance:

Short-term finance is needed to fulfill the current needs of business. The current needs may include payment of taxes, salaries or wages, repair expenses, payment to creditor etc. The need for short term finance arises because sales revenues and purchase payments are not perfectly same at all the time. Sometimes sales can be low as compared to purchases. Further sales may be on credit while purchases are on cash. So short term finance is needed to match these disequilibrium.

Sources of short term finance are as follows:

(i) Bank Overdraft: Bank overdraft is very widely used source of business finance. Under this client can draw certain sum of money over and above his original account balance. Thus it is easier for the businessman to meet short term unexpected expenses.

(ii) Bill Discounting: Bills of exchange can be discounted at the banks. This provides cash to the holder of the bill which can be used to finance immediate needs.

(iii) Advances from Customers: Advances are primarily demanded and received for the confirmation of orders However, these are also used as source of financing the operations necessary to execute the job order.

(iv) Installment Purchases: Purchasing on installment gives more time to make payments. The deferred payments are used as a source of financing small expenses which are to be paid immediately.

(v) Bill of Lading: Bill of lading and other export and import documents are used as a guarantee to take loan from banks and that loan amount can be used as finance for a short time period.

(vi) Financial Institutions: Different financial institutions also help businessmen to get out of financial difficulties by providing short-term loans. Certain co-operative societies can arrange short term financial assistance for businessmen.

(vii) Trade Credit: It is the usual practice of the businessmen to buy raw material, store and spares on credit. Such transactions result in increasing accounts payable of the business which are to be paid after a certain time period. Goods are sold on cash and payment is made after 30, 60, or 90 days. This allows some freedom to businessmen in meeting financial difficulties.

(2) Medium Term Finance:

This finance is required to meet the medium term (1-5 years) requirements of the business. Such finances are basically required for the balancing, modernization and replacement of machinery and plant. These are also needed for re-engineering of the organization. They aid the management in completing medium term capital projects within planned time. Following are the sources of medium term finance:

(i) Commercial Banks: Commercial banks are the major source of medium term finance. They provide loans for different time-period against appropriate securities. At the termination of terms the loan can be re-negotiated, if required.

(ii) Hire Purchase: Hire purchase means buying on installments. It allows the business house to have the required goods with payments to be made in future in agreed installment. Needless to say that some interest is always charged on outstanding amount.

(iii) Financial Institutions: Several financial institutions such as SME Bank, Industrial Development Bank, etc., also provide medium and long-term finances. Besides providing finance they also provide technical and managerial assistance on different matters.

(iv) Debentures and TFCs: Debentures and TFCs (Terms Finance Certificates) are also used as a source of medium term finances. Debentures is an acknowledgement of loan from the company. It can be of any duration as agreed among the parties. The debenture holder enjoys return at a fixed rate of interest. Under Islamic mode of financing debentures has been replaced by TFCs.

(v) Insurance Companies: Insurance companies have a large pool of funds contributed by their policy holders. Insurance companies grant loans and make investments out of this pool. Such loans are the source of medium term financing for various businesses.

(3) Long Term Finance:

Long term finances are those that are required on permanent basis or for more than five years tenure. They are basically desired to meet structural changes in business or for heavy modernization expenses. These are also needed to initiate a new business plan or for a long term developmental projects. Following are its sources:

(i) Equity Shares: This method is most widely used all over the world to raise long term finance. Equity shares are subscribed by public to generate the capital base of a large scale business. The equity share holders shares the profit and loss of the business. This method is safe and secured, in a sense that amount once received is only paid back at the time of wounding up of the company.

(ii) Retained Earnings: Retained earnings are the reserves which are generated from the excess profits. In times of need they can be used to finance the business project. This is also called ploughing back of profits.

(iii) Leasing: Leasing is also a source of long term finance. With the help of leasing, new equipment can be acquired without any heavy outflow of cash.

(iv) Financial Institutions: Different financial institutions such as former PICIC also provide long term loans to business houses.

(v) Debentures: Debentures and Participation Term Certificates are also used as a source of long term financing.

Conclusion:

These are various sources of finance. In fact there is no hard and fast rule to differentiate among short and medium term sources or medium and long term sources. A source for example commercial bank can provide both a short term or a long term loan according to the needs of client. However, all these sources are frequently used in the modern business world for raising finances.