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Founded in 1984 through a joint venture between Hero Cycles and the Honda company of Japan, Hero Honda (now known as Hero MotoCorp) is today the largest two-wheeler manufacturer in the world with a market share of more than 46% in the two-wheeler bike category. It is also listed at the 108th rank in the Forbes List of the 200 World’s Most Respected Companies. It is also ranked as the 7th most trusted brand in India and has received various awards in the two-wheeler category.

Despite the quality of their bikes and the experience offered by Hero Honda, it is not exempt from bike insurance. Bike insurance is mandatory for any two-wheeler on the road and not having one is a punishable offence. Most importantly, a bike insurance can protect you from a range of liabilities such as accidents, theft or even natural disasters that might lead to loss and/or damage to your two-wheeler. While till some while ago, getting a new bike insurance or renewing an already existing insurance policy involved a tremendous amount of paperwork and documentation, you can now get your two wheeler insurance online with a few easy steps. Below, we will see how to get insurance for your hero bike online.

How to get your Hero Bike Insurance Online

Getting a Hero Bike insurance online, today is not a big matter at all. You can get the best bike insurance policy for your Hero bike with the minimum amount of paperwork through various online portals. The insurance also makes you eligible for road-side assistance, provides engine protection coverage, coverage for personal accidents and against third-party liability. In any case, there are a few factors that determine the premium for your bike insurance policy such as:

1. The age of the two-wheeler.
2. Already existing add-on insurance covers.
3. The cubic capacity (cc) of a vehicle.
4. The depreciated value of a vehicle.
5. The discounts that have been availed.
6. The model of the Hero two-wheeler.
7. Already existing insurance policy

To buy a Hero Bike insurance online, you need to follow the steps below:

1. Submit details of Bike: You will firstly need to submit the details of your bike including the make and model number with details such as the cubic capacity etc.

2. Comparing the Premium: You can choose the premium for your bike from a variety of plans that are available and compare these prices with the add-on coverage.

3. Payment of Premium: After you have chosen the right insurer for you and submitted the bike details, you need to pay the reflected premium. You will also need to check the applicable GST and can pay by net-banking services, credit card, debit card or any of the e-wallets.

4. Policy: After completing the above steps, you will be given an online payment receipt to your registered email address and will receive confirmation of your approved policy.

Now, you can also get a multi-year bike insurance policy for your Hero bike up to a period of 3 years. This is especially helpful for many who are unable to renew their insurance annually.

It’s no secret that operating within the construction industry is capital-intensive. Construction business owners need to shell out money in order to make money. Fortunately, you don’t have to finance construction projects out of pocket. Construction business loans are available to help contractors financing the costs associated with construction projects such as on-site facilities, materials, equipment and machinery, payroll, and working capital.

While it’s possible to bootstrap initial operations, eventually, you may need to apply for construction business loans to facilitate the growth of your construction company. But before anything else, it’s important to know what you’re getting into.

Factors to Consider in Choosing the Best Construction Business Loan

You’ll need to invest in the growth of your business before taking on new clients and accepting more projects. With that said, it’s important to have quick access to working capital for contractors in the construction industry.
There are different factors that determine the best type of loan for your business. As you search for the perfect construction business loan, here are six things to consider:

• Cost: Not all high-APR loans are bad. In fact, sometimes, it’s wiser to apply for short-term loans with higher rates to control your cash flow.

• Speed: If you need immediate funding, do know that working with traditional lenders take time. Check out alternative loans from online lenders instead. Application and funding process takes as little as 24 to 48 hours.

• Flexibility: Make sure to know what your company needs so you’d know which type of loan is best for you. Many business owners take on a business line of credit because of the flexibility it provides.

• Loan Amounts: Some business owners look to borrow as little as $500 while some want to borrow $5,000,000. The type of loan you’re going to pursue also depends on the amount you’re looking to borrow.

• Specifications and Requirements: The requirements vary depending on the type of loan. Make sure to ask your lender about this.

• Terms and Rates: Again, the terms and rates depend on the loan. You may have to make monthly or weekly payments; fixed or not fixed. Make sure to match loan payments to your income to prevent cash flow shortage.

Top 5 Construction Business Loans for Your Company

Now that you know what you’re looking for in a loan, it’s now time to narrow down your search. Here are the top five most common small business loans for contractors.

1. Business Line of Credit

As mentioned, a business line of credit is one of the most flexible financing options available. With a business line of credit, lenders assign you to a predetermined revolving credit line. You can repeatedly repay and withdraw from the line without having to reapply. Furthermore, you only have to repay the funds you’ve withdrawn plus the interest – not the entire credit limit. A business line of credit is great for contractors who need immediate financing to pay for expenses on a new or ongoing project. You can use the funds from the loan for any business purpose.

2. SBA CDC/504 Loan Program

We all know how hard it is for small business owners to secure funding from traditional lenders. Therefore, the government – the Small Business Administration (SBA) created loan products specifically for small businesses that struggle to qualify for funding.

One of the SBA loans is the CDC/504 loan, which happens to be one of the most popular construction business loans. SBA loans, including this one, come with low down payments, competitive interest rates, and longer repayment terms than traditional loans. SBA-approved lenders will loan you 40% of the costs to needed for the project – renovating existing facilities, building new ones, or purchasing land. Another lender will give you 50% of the project costs, while lenders expect you to provide the 10% or 20%, depending on the lender you’re working with. Repayment terms can go as long as 20 years and the interest rate depends on the U.S. Treasury market rates.

3. SBA 7(a) Loan Program

Another SBA loan suitable for construction companies is the SBA 7(a) program. You can use the funds for almost every business purpose, including the purchase construction equipment and commercial real estate. Just like the CDC/504 loan, you can receive up to $5,000,000 and the repayment terms can go up to 25 years. The 7(a) loan is one of the sought-after business loans because of its flexible use of funds, longer repayment terms, and lower interest rates.

4. Short-Term Loans

Short-term loans are great for contractors who need working capital for predictable business expenses. With short-term loans, borrowers are given a lump sum amount which can be repaid regularly, whether weekly or monthly. However, these loans can have a higher APR compared to long-term loans, but the key is to repay the loan within a year to save on interest rates. You can use a short-term loan for immediate purchases, as well as for daily business expenses, such as hiring new workers, making payroll, paying for utilities, and other business expenses.

5. Equipment Financing

In every construction project, you’ll need equipment to get the job done. However, construction equipment can be expensive and startup companies or newer firms may not have the funds to finance all the equipment needed to complete a project. Equipment financing provides you with the funds you need to lease or purchase construction equipment. Similar to traditional loans, you can repay the loan in regular installments. However, you don’t need to put up personal or business assets since the equipment being financed serves as collateral. In case of default, the lender will have the right to repossess the equipment.

Apply for Construction Business Loans Today!

Construction business loans can help keep your business afloat while you wait for your clients to pay you for services rendered. Banks loans take weeks or months before you can receive the funds. If you need cash quickly, SMB Compass offers construction business loans in as little as 24 to 48 hours.

It doesn’t take long to rack up a lot of debt. You buy a home, purchase a new car, and have student loans and multiple credit cards. Unfortunately, before you know it, all of your money coming in is going straight out the door. Once you reach this point with your finances, it’s only a matter of time before you are unable to keep all of your bills in good standing. The good news is that, if find yourself currently in this situation, there are ways to work towards becoming debt-free.

End the Late Fees

It’s a vicious cycle when you fall behind on your bills. You finally make the payment and now there are additional fees added. In order to stop the fees, you need to get current on all your bills. You can borrow money from a family member or try to raise the money by having a garage sale. If those are not an option, you can apply for a loan. Bad credit installment loans direct lenders take into consideration your income, whether you have an active checking account and are a U.S. Citizen. So even if you have a low score, you still have a good chance of getting an approval.

Ways to Reduce Your Debt

With a tight budget, paying down your debt may seem like an impossible task. It’s not. You can take on a part-time job until you get your debt under control. Or, if you have many credit cards, apply any extra money to the one with the highest interest rate and, once you pay that one off, move on to the next one. If you have too much debt divided between many places, you can always contact a debt relief agency.

Reduce Your Spending

Most people spend more than they need to on any given day. Maybe you buy your coffee each morning on the way to the office and you order take-out food at least once a week. Just those two items can cost over $200.00 a month, money that you can apply to your debt.

Lower Your Household Bills

There’s always room for improvement with your household bills. Take advantage of the de-regulation laws that have passed in many states which now allow you to shop around for the best rates on your utilities, etc. Review your utilities, such as the gas, elastic and water, and then contact other service providers in the area to see if their rates are better. The same goes for your cell phone and cable bills. Shop them around to see who can offer you the best deal. If you own a home and a car, try bundling the insurance with the same carrier. In most cases, you can save 10 or even up to 20 percent.

Establish a Savings

In order to prevent you from falling behind on your bills due to an unexpected expense, you need to create an emergency fund. Even if you can only contribute $5.00 or $10.00 a week, if you leave it alone, it will add up quickly. And then, the next time you have an unforeseen expense, instead of taking money allocated for your bills, you’ll pull the money from your savings.

Stop Impulse Spending

In life, there are things you need and things you want. The things you need, such as a roof over your head, you must take care of. However, the things you want–like a new 50″ TV can wait. Stopping the impulse spending and learning how to save up money for big-ticket items will help you stay on track, reduce your debt, and pay the exact cost with no interest or penalty fees added.

Becoming debt-free is something that you can accomplish. If you work towards paying down your debt, reduce your spending, learn to shop for services and create a savings plan, you’ll slowly start to see more of your hard-earned money.