Micro Finance – An Attractive Business Proposition

The booming economy of India coupled with a buoyant financial service sector has not penetrated to the rural segment as expected. Recent announcement from Finance ministry says that 73% of the Indian families have not availed any kind of services from banks. Further, 51.4% of families never availed any financial services from banks or private lenders and 21% of families availed loans from private money lenders. This shows the need of Micro Finance institutions in India.

MicroFinance broadly refers to a movement that envisions “a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers”1. Thus, Micro-finance spreads its shadow across the group of people who are still not availed the benefit of global financial progress. Micro finance targets poor people who are also talented entrepreneurs. Thus, Microfinance means building financial systems that serve the poor

Today, lot of initiatives towards promoting micro-finance program is evidenced world over. The Consultative Group to Assist the Poor(CGAP) is one of the leading consortium which works towards expanding financial services access to poor people. But still, poor people are dependent on informal economy for their ventures, dwellings and other financial requirement. For poor Loans are inaccessible, Insurance is unknown and Savings – never done.

With a whopping 400 odd million people spread across 6 odd million villages in India signifies the need of professionally managed Micro-Finance institutions in India. Historically, credit to the poor was viewed as a government program that required large amounts of subsidy. A long evolution in the financial sector has seen a change in the above trend. Three major events in the post independence era have contributed to the said change. The first of these changes was the nationalization of Banks in the year 1969 which forced the commercial banks to open rural branches thus enabling easy access of formal finance to rural India, whose majority comprises of the poor people,.

The second one was the introduction of Integrated Rural Development Policy (IRDP) in the year 1978. This policy was regarded as one of the largest poverty alleviation programs in the world. The recent major contribution was the liberalization of the Indian financial sector in the early 1990s. This policy gains significance in the light that the interest rate controls for the poor was abolished thus enabling NABARD to transform the microfinance program to a full fledged program.

Apart from these Government bodies, many Self Help Groups (SHG), Non Governmental Organization (NGO)s are moving towards Micro Financing Institutions(MFI). In one of the recent study, it was found that India is leading in spreading micro financial services where 188 million accounts were opened constituting 18% of the national population.

Most risky factor for entering into micro finance is the fear of increasing Non Performing Asset (NPA). Further, the cost to handle the remotely located poor individual’s financial needs is more as amount of financial services delivered to poor is less compared to urban financing requirements. Delivering wide range of financial products with single agency will help reduce the cost. Further the interest rate for these operations will be ranging between 3% and 5% pm, which is high compared to the rate in urban areas. This will meet the cost risk associated with micro financing. Along with this, revolutionary Individual Banking Programmes have entered into Micro Finance sector. ICICI, the largest private sector bank in India has entered into the micro finance business. With its vast experience in the financial market coupled with innovative business models and technology, it is already on its path to success with only 0.5% NPA in this business.

ICICI, outsourced the rural finance operations to existing SHGs and Trusts which are into rural development. One of ICICI’s representative will be coordinating with these institution. One Coordinator manages 6 promoters where each promoter will be having an average of 20 SHGs. Here, banks main role is identify the promoters/partners, designing system, lending funds, building funds and monitoring. MFI / Promoter’s role is to Social mobilization, Training and Credit enhancements. Currently ICICI is having 30 plus micro-finance institutions including BASIX, PSS, SHARE, Spandana, Nirantara etc. In four years of its operation I’e from 2002-2006,micro-finance portfolio grown to $600 million comprising of 3 mn customers. With its “10 by 10 plan” bank plans to partner with about 200 Microfinance Institutions (MFIs) and expand its reach into over 600 districts in India by 2010. Bank is targeting for 25 million client base by 2010, by which total asset outstanding will grown USD10 bn. ICICI’s microfinance portfolio is growing faster than others operations of bank. This justifies the hypothesis Micro Finance is moving towards profitability from Charity or social responsibility.

The state and central governments have an important role to play in ensuring the growth and improvement of microfinance. Firstly, the service provider should be left to set interest rates, not the government. But Government should frame a policies to ensure transparency and full disclosure of rates and charges before lending. A proper regulatory framework helps in reducing undue advantages by service providers to needy poor.

Furthermore, government regulators should set clear criteria for allowing MFIs to mobilize savings for on-lending to the poor; this would allow for a large measure of financial independence amongst well-managed MFIs. Each Indian state could consider forming a multi-party working group to meet with microfinance leaders and have a dialogue with them about how the policy environment could be made more supportive and to clear up misperceptions.

Some valuable conclusions can be drawn from the successful operation of micro finance business. First, Structured approach in Micro finance brings down the risk associated with lending to poor. Secondly, micro finance institutions should not only lend, but they should also provide bouquet of services such as Credit, Savings, Insurance, Business Advise etc. Thus, Microfinance is one of the key growing sectors in financial services. This opportunity has a dual folded benefit – on one side social up-liftment by empowering the poor, especially the women and on the other hand increasing the profitability for the MFIs.

And Then There Were None – High Finance Finagling Takes Down the Top 5 Investment Banks

The first of the top 5 investment banks to fall was Bear Sterns, in March of 2008. Founded in 1923, the collapse of this Wall Street icon shook the world of high finance. By the end of May, the end of Bear Sterns was complete. JP Morgan Chase purchased Bear Stearns for a price of $10 per share, a stark contrast to its 52 week high of $133.20 per share. Then, came September. Wall Street, and the world, watched while, in just a handful of days, the remaining investment banks on the top 5 list tumbled and the investment banking system was declared broken.

Investment Bank Basics

The largest of the investment banks are big players in the realm of high finance, helping big business and government raise money through such means as dealing in securities in both the equity and bond markets, as well as by offering professional advice on the more complex aspects of high finance. Among these are such things as acquisitions and mergers. Investment banks also handle the trading of a variety of financial investment vehicles, including derivatives and commodities.

This type of bank also has involvement in mutual funds, hedge funds, and pension funds, which is one of the main ways in which what happens in the world of high finance is felt by the average consumer. The dramatic falling of the remaining top investment banks affected retirement plans and investments not just in the United States, but also throughout the world.

The High Finance Finagling That Brought Them Down

In an article titled “Too Clever By Half”, published on September 22, 2008, by Forbes.com, the Chemical Bank chairman’s professor of economics at Princeton University and writer Burton G. Malkiel provides an excellent and easy to follow breakdown of what exactly happened. While the catalyst for the current crisis was the mortgage and lending meltdown and the bursting of the housing bubble, the roots of it lie in what Malkiel calls the breaking of the bond between lenders and borrowers.

What he is referring to is the shift from the banking era in which a loan or mortgage was made by a bank or lender and held by that bank or lender. Naturally, since they held onto the debt and its associated risk, banks and other lenders were fairly careful about the quality of their loans and weighed the probability of repayment or default by the borrower carefully, against standards that made sense. Banks and lenders moved away from that model, towards what Malkiel calls an “originate and distribute” model.

Instead of holding mortgages and loans, “mortgage originators (including non-bank institutions) would hold loans only until they could be packaged into a set of complex mortgage-backed securities, broken up into different segments or tranches having different priorities in the right to receive payments from the underlying mortgages,” with the same model also being applied other types of lending, such as to credit card debt and car loans.

As these debt-backed assets were sold and traded in investment world, they became increasingly leveraged, with debt to equity ratios frequently reaching as high as 30-to-1. This wheeling and dealing often took place in a shady and unregulated system that came to be called the shadow banking system. As the degree of leverage increased, so too did the risk.

With all the money to be made in the shadow banking system, lenders became less choosy about who they gave loans to, as they were no longer holding the loans or the risk, but rather slicing and dicing them, repackaging them and selling them off at a profit. Crazy terms became popular, no money down, no docs required, and the like. Exorbitant exotic loans became popular and lenders trolled the depths of the sub-prime market for still more loans to make.

Finally, the system grinded almost to a halt with the fall of housing prices and increased loan defaults and foreclosures, with lenders making short term loans to other lenders being afraid of making loans to such increasingly leveraged and illiquid entities. The decreased confidence could be seen in the dropping share prices as the last of the top investment banks drowned in shaky debt and investor fear.

September saw Lehman Brothers fail, Merrill Lynch choose takeover over collapse, and Goldman Sacs and Morgan Stanley retreat to the status of bank holding companies, with potential buyouts on the horizon. Some of these investment banks dated back nearly a century, and others longer, such as the 158-year old Lehman Brothers. Quite an inglorious end for these historic giants of finance, destroyed by a system of high finance finagling and shady dealings, a system that, as it falls apart, may even end up dragging down the economy of the entire world.

B&B Financing in 2009 and 2010

B&B financing is going to be exceedingly difficult in 2009, and probably well into 2010. Sellers are going to have to be willing to be more flexible. At the beginning of 2009, the recession is deepening and almost all loans to small businesses – including B&B’s, are becoming less and less available. So, the questions which might be asked are, is there actually money to lend, and if so, wouldn’t the SBA be able to help?

Yes, there is money to lend, especially at many of the community banks which did not take hits on their portfolios from bad sub-prime loans and who are also gaining deposits from larger banks that are in trouble. But even though it’s true, banks are not lending except to the very strongest deals – ones showing strong cash flow, substantial down payments for acquisition, and management experience. Financings are getting done and will continue to be, but it will take strong deals to do it. Even so, money is generally not available for refinancing of B&B’s right now.

There is one other thing that I should also emphasize here. Properties generally five or six rooms and less, are highly unlikely to be financed by commercial lenders because the transactions are simply too small. This is going to make properties like this harder to finance in today’s market. In the past three or four years a lot of acquisition financing was provided by residential lenders. Most of these lenders have now headed to the exits.

What about the SBA?

Unfortunately, SBA only guarantees loans – they don’t make them. So if the banks won’t make SBA loans, the SBA guarantee doesn’t do anything. A lot of banks do SBA loans, but last year, the vast majority of banks that are licensed to do them made one or two, if any. And this especially includes the community banks which generally do have funds available and are often in areas where they know the specific property or the innkeeper. But they won’t do SBA loans because they are too paperwork-intensive, and they just are not set up to handle them.

There are one or two non-bank SBA lenders (as of February, 2009) who are still making B&B loans because they understand them; but like banks, they are only doing the blue-chip deals — cash flow, substantial down payments and lodging or related industry management experience.

How Long Will the Economy Affect Small Business Lending?

The lending market for small businesses will not begin to significantly improve probably until the first quarter of 2011, and B&B’s are classic small businesses. The economy is going to worsen until probably the third quarter of this year, so the turnaround, when it starts, will be from an even lower bottom than where we are now. It is going to take at least until the third or fourth quarter until whatever stimulus package is passed can begin to take effect, and then these effects will not even begin to start making a difference until well into 2010. Plus, it seems that almost every few days another piece of bad news shows up making it even less likely that banks are going to start lending to small businesses any time soon.

Also, small business lending always lags improvement in the economy and increases in lending to stronger larger businesses. Since small business loans are always riskier loans to banks, they are probably going to want to feel a little surer that the economy is actually moving forward so that there is less risk of a small business borrower’s not being able to pay back a loan.

There is one factor may help to loosen lending a little sooner, and that is that banks are continuing to accumulate new deposits, especially from people moving away from the larger banks. And money not loaned out by a bank is income lost. When a bank has to pay interest on a deposit but does not have interest coming in from a loan, the more money it loses, and the more likely it may be to start lending.

The Light at the End of the Tunnel

That gloomy scenario having been presented may actually benefit those looking to purchase an inn to create a strong and growing business. Everything points to less far-flung travel in the next two or three years, so bed and breakfasts will become a more attractive alternative. Plus, the bad economy over the next two or three years will probably cause some owners who did not come into the industry with a high profit motive to close their doors so there could more business for remaining inns in a time of potentially increasing occupancy rates from people staying closer to home. And because more and more inns are either being or soon will be priced to sell, it creates an excellent buying opportunity for buyers with cash and management experience to acquire some excellent properties.

So, Now What?

With the lending climate that is going to exist for approximately the next two years, the probability is that if a B&B is going to get sold, the seller is going to have to hold some portion of it as a second mortgage.

Here are some possible scenarios:

1. Borrower is able to get a loan

Suppose the property was for sale for $800,000

Borrower can get a $400,000 loan

Has 25% down — $200,000

Gap (second mortgage) – $200,000.

But at least in this scenario, the seller walks away from the table with a substantial piece of cash — $600,000.

2. Same situation except SBA loan for $400,000; buyer has the 25%

If the seller holds the $200,000 as a second, in order for SBA to approve it, it must be on full standby for the life of the loan – no payments (interest can accrue). This allows SBA to consider the $200,000 as equity, so the lender now has a 50% LTV. You still walk away with $600,000

3. No loan is available; must be totally seller financed

If the property has to be sold and this is the only way, I would recommend a minimum 20 or 25% down payment from the buyer. This makes it very difficult for the buyer to walk away if things are not going well. Besides, 20 or 25% is what a lender is probably going to ask for, so if possible, so should you. So you get away with $200,000.

Six Options For Financing Acquisitions

When it is time to arrange the financing for an acquisition, it is important to be creative. When seeking money to buy a company, you will notice that a number of community banks, typically big funders of certain acquisitions, are encountering difficulty due to their degraded residential (builders) loan portfolio. Creativity can make the difference between accessing capital or canceling the acquisition, especially now when credit markets are tighter.

Here are some options for financing acquisitions:

1. Owner financing / seller financing – Go to the seller first. Who is better prepared to finance the business than the person or company who owned it? They know the business better than anyone and are most familiar with its risks. In the current environment, you should be able to get 40-70% of the business financing via owner financing. You must convince the seller you are a good risk, just as you would have to convince a bank.

2. Supplier or vendor financing – The target company’s suppliers and vendors are a good source of financing. Their business is likely to increase under your new ownership. (i.e., If you do not intend to grow the business, why would you buy it?) Leverage that growth in their business to negotiate for financing from them. If the target company has been a good customer, the supplier is knowledgeable about the business and will understand the inherent risks better than a typical bank. Note that if you are an existing business acquiring another business, you can pursue financing from your suppliers and vendors. The same reasons apply.

3. Mezzanine financing or private equity funding – Mezzanine and private equity funds that serve the small and medium markets raised large sums of money before the market meltdown. They therefore have money to spend and are looking for great opportunities. With fewer people and companies making acquisitions right now even though multiples are very low, now is a great time to obtain mezzanine financing. The target company typically will need revenue of $10 – $20 million and higher and EBITDA of $2 – 3 million and more to be interesting to a mezzanine or private equity fund. Why? These funds have to spend large amounts in a relatively short period of time (5-7 years) so they need larger deals.

4. Bank debt – If the target company has a lot of medium to long-term assets in addition to good cash flow and a strong profit margin, you should have relatively few problems finding bank financing. However, if you want to buy a service company which has a lot of receivables and other short term assets, you may encounter difficulty. Find a bank that has a history of financing the type of company you are buying. Also, talk to the seller’s banker. If the seller has a strong banking relationship, the banker will know the business well, increasing the likelihood that that bank will provide financing in order to retain the relationship and the itinerant deposit accounts.

5. Receivables financing – If you find it difficult to obtain bank financing, pursue account receivables financing firms. They can provide term loans and lines of credits against the receivables. Although the interest rate will be higher, these firms are more familiar with receivables financing and thus often more comfortable with lending against receivables.

6. Pre-paid sales – Approach the target’s customers and ask them to make a bulk purchase or pre-pay for several months’ or a year’s worth of products or services in exchange for a strong discount.

These are some acquisition funding options to stimulate your own creative thinking and approach. There are other alternatives, some of which may be unique to your particular business.

Financing Solutions – What is a Merchant Banking Operation?

In today’s diverse and unpredictable economy, the need for a sustained profit plan and long term growth strategy has become essential for both individuals and corporations. Merchant banking principally involves providing financial services and advice for individuals and corporations. Merchant banking operations consists of providing clients with a variety of financing options to sustain long term growth.

Merchant banks tend to have operations in a variety of countries throughout the world allowing them to offer an extensive network distribution to help their clients explore opportunities with alternative finance options.

In banking, a merchant bank is a financial institution that primarily invests its own capital in a client’s company. Merchant banks provide fee based corporate advisory services for mergers and acquisitions, as well as other financial services. Merchant banking operations focus on commercial international finance, stock underwriting, and long-term company loans. These banks work with financial institutions with their primary function being stock underwriting. They also work in the area of private equity where the securities of a company are not available for public trading.

The most common private equity investment strategies include venture capital, leveraged buyouts, distressed investments, growth capital, and mezzanine capital. Leveraged buyout generally means that they acquire majority control over existing or mature corporations. Growth capital and venture gains means they invest in newer or rising corporations without acquiring majority control.

Today, merchant banks are involved in a number of tasks such as credit syndication, portfolio management, mergers and acquisitions counseling, and acceptance of credit, etc. Their investments include private equity, structured equity, and bridge debt. They generally invest in private or public companies to finance growth, acquisitions, and management/leveraged buyouts and recapitalizations. In some cases, they provide an invested company with short-term financing for a particular project, or provide short-term liquidity.

Merchant Banking operations can focus on a particular country or they can expand their operations in other countries. They can assist sustainable companies undergoing a financial restructuring requiring short-term liquidity. These banks provide their partners with financial analysis, capital structuring and strong industry relationships. They provide the corporate lending, leveraged finance, and investment banking and industry expertise. Merchant Banking operations provide all types of domestic and foreign banking transactions, corporate finance services, product knowledge, and management services.

Global merchant banking operations provide individual and corporate investors with the opportunity to participate globally for access to international investment opportunities, providing global companies access to a particular market, and opportunities for co-investment.

When searching to partner with a Merchant Banking Service Company in order to enhance your business operations, you should find a well established, full-service merchant financial services company. You want a large, credible firm that can demonstrate a good track record. Ask the merchant banks how long they have been in business and who some of their customers are, particularly from your market, so they can demonstrate their experience and understanding of your needs.

Merchant banking operations provide the support, knowledge, and resources to effectively assist clients and corporations with improving, expanding, and sustaining their business and business investments.

How Commercial Lenders Went Wrong With Small Business Financing

Small business owners will be more likely to avoid serious future business finance problems with working capital management and commercial real estate loans by exploring what went wrong with business financing and commercial lending. This is not a hypothetical issue for most commercial borrowers, particularly if they need help with determining practical small business financing choices that are available to them. The bankers and banks responsible for the recent financial meltdown seem to be saying that even if anything actually went wrong, everything is fine now in the world of commercial lending. Nothing could be further from the truth. Commercial lenders made serious mistakes, and according to a popular phrase, if business lenders and business owners forget these mistakes, they are doomed to repeat them in the future.

Greed seems to be a common theme for several of the most serious business finance mistakes made by many lending institutions. Unsurprising negative results were produced by the attempt to produce quick profits and higher-than-normal returns. The bankers themselves seem to be the only ones surprised by the devastating losses that they produced. The largest small business lender in the United States (CIT Group) declared bankruptcy after two years of attempting to get someone else to pay for their mistakes. We are already seeing a record level of bank failures, and by most accounts many of the largest banks should have been allowed to fail but were instead supported by artificial government funding.

When making loans or buying securities such as those now referred to as toxic assets, there were many instances in which banks failed to look at cash flow. For some small business finance programs, a stated income commercial loan underwriting process was used in which commercial borrower tax returns were not even requested or reviewed. One of the most prominent business lenders aggressively using this approach was Lehman Brothers (which filed for bankruptcy due to a number of questionable financial dealings).

Bankers obsessed with generating quick profits frequently lost sight of a basic investment principle that asset valuations can decrease quickly and do not always increase. Many business loans were finalized in which the commercial borrower had little or no equity at risk. Banks invested almost nothing in cash (as little as three cents on the dollar) when buying future toxic assets. The apparent assumption was that if any downward fluctuation in value occurred, it would be a token three to five percent. In fact we have now seen many commercial real estate values decrease by 40 to 50 percent during the past two years. Commercial real estate is proving to be the next toxic asset on their balance sheets for the many banks which made the original commercial mortgages on such business properties. While there were huge government bailouts to banks which have toxic assets based on residential mortgages, it is not likely that banks will receive financial assistance to cover commercial real estate loan losses. As a result, a realistic expectation is that such commercial finance losses could produce serious problems for many banks and other lenders over the next several years. As noted in the following paragraph, many lenders have already drastically reduced their small business finance programs.

Inaccurate and misleading statements by commercial lenders about their lending activities for business finance programs to small business owners is an ongoing problem. Although banks have typically been reporting that they are lending normally with their small business financing, the actual results indicate something very different by any objective standard. It is obvious that lenders would rather not admit publicly that they are not lending normally because of the negative public relations impact this would cause. Business owners will need to be skeptical and cautious in their efforts to secure small business financing because of this particular issue alone.

There are practical and realistic small business finance solutions available to business owners in spite of the inappropriate commercial lending practices just described. The emphasis here is focusing on the problems rather than the solutions primarily because of the lingering notion by some that there are not significant current commercial lending problems. Despite contrary views from bankers and politicians, collectively most observers would agree that the multiple mistakes made by banks and other commercial lenders were serious and are likely to have long-lasting effects for commercial borrowers.

Racing Awards, Medals and Customized Gear for Runners

Running, whether it be a 5k with the family, a 10k for an extra challenge, or a marathon for the elite runners, can be a very exciting and memorable experience. Running is a very personal sport to lots of people, as it can be great exercise and can make you look and feel very refreshed. Tons of awards are given out to winners at races each year. For people organizing these racing events, finding customized and personal running gear can be difficult, as well as finding unique prizes for running champions. When orchestrating a race, you want to have a memorable competition. Medals and unique prizes can help to make the race more exciting. Participants can keep prizes as souvenirs, and remember the experience better because of a keepsake.
The most important souvenir a competitor can take home is a winning medal. Those are worn with pride, and showed to family members and friends. They are often hung on walls, or shown off where they can be seen. Of course, medals need to be personalized, unique, and specific. You cannot award a running champion with a medal that doesn’t recognize what it’s for. It is often a perfect idea to find a company that will provide you with customized prizes for winners. Often, you can ask for customized medals that include the date, the name of the race, and the name of the company sponsoring and orchestrating the event. That way, when people proudly show their winning medal to others, the people who made the event happen will receive the credit and publicity they deserve.

In addition to medals, running apparel and gear can be a great way to make the race more memorable. Unlike medals, gear is commonly worn and would be used often. Passing out swag, such as customized shirts, jackets, hats, and bags can be a great way to add to the excitement of the race. Races with their own gear are viewed as more unique, as they have customized logos and attractive designs. Shirts can be given out to families, and jackets can be sold at the finish line. Hats can be passed out before the race to keep the sun out of the athlete’s eyes. And, of course, bags can be kept forever and used for multiple occasions. Having the name and date of your race on these items can help to increase publicity and help the runners remember what a successful and memorable race it was. Customizing these mementos can help to define a great race, and will definitely help a race to be more exciting and enjoyable.

Gamble on Line – Possess these Various Advantages for your own

There Really are assorted kinds of games and sports which can be found around the world and human beings possess significant interest within them. There’s simply no uncertainty at the simple fact this one among the absolute most essential explanations for why the games and sports really are all important to this public is on account to how those toss some type of troubles .

There Is just 1 particular certain form of video sport which likewise causes it to be into this set of their treasured games which people are able to playwith. And it’s also not any aside from betting. Betting fulfilling the exact same and is exactly about challenges. There are areas. But once again if it regards betting on line the huge benefits really are far a great deal greater than that which it’s possible to see right now.

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A Variety of Benefits of gaming Internet:

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Coloring Pages Growing Horizons Of Kids

Children are amazing. They know whatever they are taught. If You wish to enhance the horizon of one’s children, and it’s time to get them participated together with coloring pages. Yes, even they all are on line pages that offer many different ways to bring the hidden talent in your kids. These coloring pages comprises of exceptional lessons that are conveyed at a manner that is fundamental to enable kids to grasp.

Coloring Pages – Benefitting Childrem

Worrying concerning the cost in Association? Chill, as they truly have been available at no price tag. Furthermore, you need to stay away from the stress of shopping for exceptionally costly gadgets that are educational. Everything you will need to have is your distribution for your own printer. It can open the pathway for both kiddies to take high benefits in association with internet colouring pages.

You must be wondering why children Have to Be included in coloring. The main reason is that coloring an image will absolutely control the entire attention of one’s kid. They is going to be in a favorable position to concentrate regarding completing their work followed closely by presenting the most useful finished merchandise.

Parents Can Be Getting Brief Repite

Additionally, Mom and Dad Will Have the Ability to Acquire short respite as your Children will probably undoubtedly be coloring pages which is really a funny exercise. On the web coloring pages have been well known to give children several of the best educational gains entirely. They is going to soon be memorizing numbers along side titles of veggies as well as creatures.

More vulnerability to coloring, simple will probably be learning methodology. Kiddies will secure a chance to fortify the coordination between eye and hand . Since they’ll be learning to color lines, abilities will grow in a ultimate manner. Psychologists state that coloring offers an insight into emotions of children in an imaginative way.

Which exactly are you thinking? Involve your kids with coloring Pages in the earliest.

Types of Wood Siding Available for Homeowners

When building your home, even the smallest decision could make a world of difference in what it ultimately looks like. This is also true when undertaking an exterior redesign project. Siding, among other key characteristics, is one of those big decisions that could entirely alter your home’s exterior appeal based on your decision.
Although plastic siding has become a popular option in recent years due to pricing, traditional wood siding remains the preference for many homeowners. This is because wood siding offers customers numerous benefits over their plastic counterparts. Benefits include:

• Wood siding is eco-friendlier than plastic

• Wood is more aesthetically appealing

• Many types of wood are naturally resistant to mold, mildew, and rot, which allows the home owner less maintenance

• Wood lasts longer

• …And much more

One of the main benefits is that wood naturally takes to paint, stains, and other decorative options incredibly well. Plastic, on the other hand, often must be crafted in the customer’s color choice – meaning that options are limited. Once decided upon a type of wood siding, however, you can then choose any type of finish. Whether you want to paint your home the colors of the rainbow, or opt for a natural dark wood stain, anything is possible. Below we look at four of the most commonly used types of siding available: board and batten siding, bevel, tongue and groove, and lap siding. Each has their own aesthetic appeal so that there is something for every person’s unique tastes.

Board and Batten Siding

Board and batten siding is a vertical design created by using two different sized boards. The wider boards are set beneath, while the narrower boards are placed atop the joins. These narrower boards are called ‘battens.’ There are no set widths, so homeowners can choose their preference. The most commonly used measurements, however, are 1 inch by 3 inch battens placed over 1 inch by 10 inch boards.

Bevel Siding

Bevel siding is the most commonly used siding. Installed horizontally, boards are cut at an angle so that one side is thicker than the others. This creates a shingle effect, or the appearance that the boards are overlapping one another. Tongue and Groove Siding Tongue and groove siding is incredibly versatile. Available in both rough and smooth board finishes, it is fitted together tightly to give a sleek appearance. It can be installed in any direction, which does not only include horizontal and vertical, but also diagonal.

Lap Siding

Lap Siding is also known as Channel siding. This siding is very versatile, with installation capabilities for any direction (like the above tongue and groove siding). This unique siding features boards which partially overlap one another, and the ultimate results are a rustic appearance like those of a hunting cabin. If you’re interested in learning even more about wood siding -including less commonly used types available – you can contact your local siding specialist or construction expert. They will be able to give you more detailed information, including a price estimate for your area.