Helpful Ideas For Consideration Of Crucial Elements Of Average Business Loans

During the period, we experienced a positive swing of $6.0 million from a net loss to net income attributable to common shareholders.While we incurred an operating loss for the three and six months ended October 31, 2016, on a comparable basis to the same periods in 2015, it improved 72.2% and 50.7%, respectively. Additionally, our backlog has increased 23.6%, from $13,200,000 to $16,325,000 since the start of this new fiscal year, which we anticipate will have a positive impact in the quarters ahead. Our goal remains getting the Company back to profitability through revenue growth, expense reductions and new strategic opportunities.” Financial Results for the Three Months Ended October 31, 2016 Revenue for the three months ended October 31, 2016 increased $1,024,000, or 26.8%, to $4,848,000, as compared to $3,824,000 for the same period in 2015.Such increase was due primarily to a $618,000 increase in revenue Suisun City Operations and a $405,000 increase in revenue in our newly established Texas Operations. WPCS generated a net loss to common shareholders for the three months ended October 31, 2016 of approximately $439,000, as compared to a net loss to common shareholders of $1,986,000 for the same period last year.This quarter’s results were comprised of income from: (i) Suisun City Operations of $338,000; (ii) other income of $118,000; and (iii) arbitration settlement income of $31,000, and which were partially offset by: (i) corporate expenses of $548,000; (ii) a loss from our newly established Texas Operations of approximately $357,000; (iii) deemed dividend on convertible preferred stock of $20,000; and (iv) interest expense of $1,000. Financial Results for the Six Months Ended October 31, 2016 Revenue for the six months ended October 31, 2016 decreased $24,000, or less than 1%, to $8,264,000, as compared to $8,288,000 for the same period in 2015.Such decrease was due primarily to a $692,000 decrease in revenue in our Suisun City Operations offset by $668,000 increase in revenues from our newly established Texas Operations. WPCS generated net income to common shareholders for the six months ended October 31, 2016 of approximately $118,000, as compared to a net loss of approximately $6,168,000 for the same period last year.This quarter’s results were comprised of income from: (i) Suisun City Operations of $546,000; (ii) gain on an arbitration settlements of $1,181,000; and (iii) other income of $122,000, which were partially offset by: (i) a loss from our newly established Texas Operations of $663,000; (ii) corporate expenses of $1,043,000; (iii) deemed dividend on convertible stock of $20,000;(iv) interest expense of $3,000; and (v) an income tax provision of $3,000.

http://finance.yahoo.com/news/wpcs-announces-financial-results-second-140100972.html

If.ou go to these guys haven’t already got our free book then that’s a good place to start…and ask us about the 6 Benefits or get our free white paper to learn more . FCC stands for Uniform Commercial Code and a FCC is a lien against your business. If you can’t shake a bad gut feeling, then maybe it is time to look for another lender or at another, better avenue for financing.  But, the opposite is true as well.  We all know how tough these are to obtain and we know they don’t happen quickly but did you know that the SBA has approved over 50,000 of these loans in each of the last two years? If you’re reading this I’m probably preaching to the choir but are you familiar with the Bank of America statistics about their SBA loans for the highly popular 7a program? Adjustment period is every 3 or 5 years Rate can be fixed or variable: Fixed rate is based on the 3-Year ISDA® mid-market par swap. There are several sites where businesses can seek alternative lenders, such as individuals and small companies. No personal collateral is needed.

Lenders.lso usually require proper maintenance of the loan collateral property. Our Business Plan Development Team will help you prepare an expert business plan that is up to the rigorous standards of modern lenders. If you haven’t already got our free book then that’s a good place to start…and ask us about the 6 Benefits or get our free white paper to learn more . There are no fees to draw money On a 12 month, $100,000 loan with 9% Total Interest Percentage, your interest cost is $9000, for a total loan payback amount of $109,000. Use these tips to avoid business loan scams. Generally, a borrower must have a high credit rating to receive an unsecured loan.