The
incident, which happened on Wednesday morning, was captured on video and has
been shared widely on social media, with more than 1,500 shares since it was
posted on the same evening on Facebook.
The
two are seen shouting at each other in the one-minute video, taunting each
other and trading blows.
As
passengers move away from the scuffle in the cabin, a woman can be heard
shouting at them to stop.
At
one point, an announcement over the public alert system can be heard telling
passengers that the emergency button has been activated and that staff are
investigating.
The
man, who is believed to be a working adult, is also captured on video spitting
in the midst of the scuffle.
The
two can be heard exchanging taunts. None of the commuters seen in the video
intervened in the fight.
A
police spokesman said they were alerted to the case of affray at 5 Raffles
Place at 10.48am on Wednesday. The two, aged 16 and 25, were arrested.
The
New Paper understands that the fight was the result of a staring incident, and
that the two men did not know each other.
If
convicted of affray, they can be jailed up to a year or fined up to $5,000 or
both. Police investigations are ongoing.
Sumber : Tnp.sg
Business Loan
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
Bank loan
A bank loan may be
obtained from a bank and may be either secured or unsecured. For secured loans,
banks will require collateral, which may be lost if repayments are not made.
The bank will probably wish to see the business’s accounts, balance sheet and
business plan, as well as studying the principals' credit histories. Many
smaller businesses are now however turning towards Alternative Finance
Providers, especially in the case of smaller firms. Loans from credit unions
may be referred to as bank loans as well. Business loans from credit unions
received the second highest level of satisfaction from borrowers after loans
from small banks.
SBA loans
The US Small Business
Administration (SBA) does not make loans; instead it guarantees loans made by
individual lenders. The main SBA loan programs are SBA 7(a) which includes both
a standard and express option; Microloans (up to $50,000); 504 Loans which
provide financing for fixed assets such as real estate or equipment; and
Disaster loans. In FY 2016, total 7(a) volume was $11,967,861,900 and total 504
loan volume was $2,517,433,000.
Mezzanine finance
Mezzanine finance
effectively secures a company’s debt on its equity, allowing the lender to
claim part-ownership of the business if the loan is not paid back on time and
in full. This allows the business to borrow without putting up other
collateral, but risks diluting the principals’ equity share in case of default.
Asset-based finance
Once considered the
finance option of last resort, asset-based lending has become a popular choice
for small businesses lacking the credit rating or track record to qualify for
other forms of finance. In simple terms, it involves borrowing against one of
the company’s assets, with the lender focusing on the quality of the collateral
rather than the credit rating and prospects of the company. A business may
borrow against several different types of asset, including premises, plant,
stock or receivables.
Invoice finance
In recent years, it has
become increasingly difficult for SMEs to obtain traditional finance from
banks. Alternative options are invoice discounting or factoring, whereby the
company borrows against its outstanding invoices, with the ability to obtain
funds as soon as new invoices are created. It is often questioned which option
is best for your business – factoring or discounting – and the answer depends
on how the business wants to be perceived by customers. With factoring, the
finance company charges interest on the loan until the invoice is paid, as well
as fees, and the finance company takes ownership of the debtor ledger and uses
its own credit control team to secure payment. With invoice discounting, the
business maintains control of its own ledger and chases debts itself.
Microloans
Smaller loans, usually
for loan amounts of $100,000 USD or less, are referred to as “microloans.”
Banks are less likely to make these loans than alternative lenders. When they
do, the decision is usually based on the personal credit score of the business
and/or the business credit score.
Online Lenders
There has been a rise in
the number of online lenders offering small business loans. Online alternative
lenders originated an estimated $12 billion in small business loans in 2014,
with unsecured consumer loans representing $7 billion and small business loans
accounting for approximately $5 billion. Nonbank lenders that make small
business loans have doubled their outstanding portfolio balance every year
since 2000. Some online originate loans from their own capital. Others may use
a “marketplace” model, in which they match borrowers to loan products from a
variety of lenders. Others use crowdfunding platforms that allow businesses to
raise capital from a wide variety of sources.
Secured and unsecured business loans
Business loans may be
either secured or unsecured. With a secured loan, the borrower pledges an asset
(such as plant, equipment, stock or vehicles) against the debt. If the debt is
not repaid, the lender may claim the secured asset. Unsecured loans do not have
collateral, though the lender will have a general claim on the borrower’s
assets if repayment is not made. Should the borrower become bankrupt, unsecured
creditors will usually realise a smaller proportion of their claims than
secured creditors. As a consequence, secured loans will generally attract a
lower rate of interest.
Lenders that make business loans often use a UCC filing to alert other creditors of their security interest in the property of the business. UCC filings may be placed against specific assets, or a blanket UCC filing secures interest in all property. UCC filings may affect the business credit score and may make it more difficult to obtain subsequent financing.
Personal guarantees
Many lenders require
principals with 20% or greater ownership in the business to provide a personal
guarantee. The personal guarantee allows the lender to attempt to collect the
debt from the personal assets of the guarantors. Small business lenders may
waive the personal guarantee requirement if the business has strong business
credit scores and revenue.[citation needed] In May 2016, changes to the Member
Business Lending rule by the National Credit Union Administration board further
improved these loans, by allowing credit unions discretion in obtaining a
personal guarantee from a borrower.
