Meet Abel Kalpinand Prasad of Abel Kalpinand Prasad Financial Services

Abel Kalpinand Prasad is based in Sydney, Australia and is about to launch a company called Abel Kalpinand Prasad Financial Services. The idea of the new company is to help low income earners achieve affordable loans. Abel worked in the banking industry for twenty years for Commonwealth Bank, Police Credit Union, and Bank of New South Wales. He has a beautiful wife named Annelise Oriti.

1. What motivated you to launch your own company, Abel Kalpinand Prasad Financial Services?

In early 2006, I was working for Bank of New South Wales as a private banker. I completed numerous tasks for the top 1% of Sydney's richest. Whilst working for them, I noted that the majority of them did have to worry about loan repayments. They had too much money and spent it on worthless items.

I started to get bored and moved to retail banking and saw everyday people come in worried about how they would make their next repayment. They couldn't afford the increasing interest rates. It was then I decided that we needed to start a business to help them manage their expenses and keep up with their repayments.

2. Would you tell us a little more about the services your company will provide?

We have sixteen private investors who have pulled together a sum of $45,000,000 of which we will provide people with low percentage loans.

3. What are some of the most important things you've learned in your twenty years of experience in the banking field?

Only that family is important, and you must always look after your family before work.

4. How would you describe the financial climate of Australia today, and what can Australians do to improve their own financial profile?

The market is very volatile at the moment. More and more people tend to borrow instead of using their own money.

I've taught my children only spend what you have. If you don't have the money, don't spend it.

5. On a more personal note, what do you and your wife like best about living in Sydney?

We love the outdoor environment and the relaxing nature of the suburbs.

Thanks, Abel!

Introducing New Era Lending

New Era Lending is a private lender provides funding to small and medium sized businesses. Some businesspeople choose to partner with a private lender like this because the process can be much faster than with traditional banks. Have you ever encountered a time-sensitive financial need? Maybe your business has a temporary cash flow issue or needs to replace some equipment ASAP. Well, you can understand the appeal of the faster process. New Era Lending does loans of up to $300,000, sometimes turning the loan around in as short as four hours!

Also, New Era Lending can sometimes fund projects that were denied by banks. The loans are short term, from three to twelve months. New Era Lending isn't a broker, and they work directly with the businesses who are borrowing money. The company headquarters are located in Delaware, and they also have an office in Brooklyn, NY. For more info, they have a lot of details available on their website, NewEraLending.com.

Their website also includes a blog with business tips like how to plan ahead to avoid financial disaster. I found the blog to have interesting resources for coming up with some good ideas to help your business thrive.

In short, if your small business is in a crunch and needs some short-term financial help, New Era Lending could be an option to check out.

Two Tax Related Sources of Information

There is a lot of tax-related information online--and with good reason, because there are so many tax-related questions that need answers. For example, because of last year's government shutdown, there was some delay in people receiving important tax information, and there were questions about even the most (seemingly!) straightforward topics like when people could begin filing their 2013 returns, such as this article discusses: http://www.examiner.com/article/when-can-i-file-my-2013-taxes.

Another site with a lot of articles on tax issues is http://www.express-tax-refund.com/. Recent articles on this site cover the basics of TurboTax software and how Obamacare affects tax credits and related issues.

The tax code changes from year to year, and there are a lot of places to look up info online. I find that I generally start by looking at irs.gov but then end up using Google to find more plain-language explanations of what I want to know!