loan approval

When to Apply for a Business Loan

Business loans have helped some businesses from the pitfall of bankruptcy while other businesses have closed down because they cannot pay their loans already. This just shows that before applying for a business loan, one should have taken all factors into consideration before deciding to pursue a loan for his business.

The purpose of a loan should be well established. It should detail how an additional capital through your business loan can increase your productivity and profitability. This will ensure your ability to pay your debt. With Tony Robins revealing how to launch a business mastermind on palmdigitalmedia.com, you will be able to know more about business loans.

The following are the usual reasons why business entities go for a business loan.

Increase in Production or Inventory

moneyWhen you think that the demand for your products has immensely increased, then you should increase your production. Having no other way to get the additional capital will always lead you to banks or other lending institutions for a business loan.

You will not immediately feel the advantages of having more inventories in your place of business. This is especially true when there are fluctuating prices of commodities. If you can earn more by having more inventories, go for the loan.

Expand Your Business Space

When you cannot move around your place of business because of limited space, or when there is nowhere to place an additional table for a new employee; then it’s really time for you to expand your space.

Moving to a larger location may also be an option and it this can also cost you a large amount of money. Having a larger location can truly improve the working environment and can affect the productivity of your employees.

Acquire Needed Equipment

When you were starting, you might only have two sets of desktop computers. Now, you see that you should have five sets. This is a good sign that your business is going somewhere. You need to acquire new sets of equipment to be able to maximize your resources to be able to increase production.

Devices and equipment are an integral part of a business entity. You have to upgrade them every time so that they can give you the best results.

When You Need to Branch Out

shake handsWhen you think that having another branch in another location will give you more profit, then you should proceed for the loan. Not all businesses are given the chance to branch out. Having a second branch would mean your profitability can double.

And don’t stop there. If you can have a third branch or a fourth branch, go for it. That is a sign that your business is growing.

To Build a Good Credit Image

Some businessmen may see no need to have a loan at present, but they apply for smaller loans every now and then. Having smaller loans and being able to pay them on time will give you a good credit standing. Businessmen do this when they think that they need to have a big loan in the future. By having earned a good credit image, you will not have any trouble in letting your loan be approved.

When you have a loan, you may feel stressed about how to pay the amortizations on time. But when you applied for a loan with a well-planned purpose, then you have no reason to regret it. Its benefits will soon be felt in due time.…

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Seven Pointers to Find the Best Money Lender

You must consider several things before you apply for small business loans to take your company to the next level. For instance, you must understand the requirements of the loan and ensure that you can afford it. Next, you need to unearth a lender that can provide you with the small business loan that you need.

You will come across numerous lenders offering you loans. The pointers as discussed below will assist you to select the best money lender:

Amount and Eligibility

The amount of loan that you qualify for will depend on your business as well as your monthly income. Furthermore, the number of dependents you have might be considered to determine the amount that you can be given.

In most cases, lenders will offer you the money that you need to take your business to the next level if they are sure that you will repay them.

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Interest Rate

You don’t have to lose an arm and leg to get the money that you need. For this reason, you should shop around for different loan rates and opt for the lender that offers you the most competitive rates.

Furthermore, you need to confirm whether the loans are fixed or floating. Fixed rates will protect you from inflation, while floating rates give you the opportunity to exploit favorable market conditions. With this in mind, you can hunt for a lender that will provide you interest rates that suit your requirements.

Terms and Charges

When you apply for small business loans, you must be on the lookout for extra charges. For instance, your lender will have to charge you a processing fee. Find out more about the other charges to avoid nasty surprises when you get your loan. And that is not all. You must go through the terms of the loans keenly and ensure that you understand them before applying.

Licensing

You must select a licensed money lender if you want to be on the safe side. A valid license is a clear indication that you are transacting business with a lender that abides by the law. This means that if anything goes wrong as you transact business, you can seek intervention from the courts.

Experience

This is another pointer that you should never overlook. The number of years that the lender in question has been in business will determine whether they will offer you high-end or mediocre service. Apart from checking the number of years that the lender in question has been operating, you must also consider how they have been handling their clients.

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Flexibility

You should pick a lender that will give you suitable payment plans. If the payment schedule is not flexible, then you might have a challenging time repaying your loan. Work with a lender that offers you flexible repayment plans to help you to grow your business.

Proper Documentation

When you are getting small business loans from lenders, you should get proper documentation. In case of anything, then the documentation might be used as evidence in court.…

digital marketing

Reasons to Take A Course in Digital Marketing

Digital marketing is becoming a big thing in the modern world. You need to make sure that you know how to do it in the correct way. If you want to learn how to do digital marketing correctly, consider taking a course.
Taking a course will help you to become a professional in the field.

Digital marketing is very wide, and we now have search engine marketing. With search engine marketing, you can grow your business and even start a marketing career. You can read the full review here for the best search engine marketing course. Here are some reasons to start digital marketing:

E-Commerce Is Growing

marketingE-Commerce is growing, and you need to take advantage. We have a new e-commerce website s coming up, and those websites need digital marketing professionals. If you want to take a digital marketing course, you will take advantage of the growing market for e-commerce.

The e-commerce website owners need someone to market their business. Since the proof has shown that digital marketing is growing, you can be confident that there is a need for the skill.

Start a Business

If you want to start your business, digital marketing is important. You need to make sure that you have the skills even before you start the business. By the time you start the business, you will be confident of the skills that you have to offer.

If you are starting a business for selling products or services online, your digital marketing skills will definitely come in handy. It is never a waste of time learning how to do digital marketing like a professional.

Become a Consultant

Becoming a consultant is a prestigious job. If you want to become a digital marketing consultant, you need to get the right training. Consultants are people who have gained skill in a particular field. Taking a digital marketing course will give you the skill that you need.

After taking the course, you will be given a certificate. You can always present this certificate to your potential clients to show that you are a professional. Clients appreciate when you have the right documentation to know that you are qualified.

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Earn Money

Everyone wants to make money and get some income. One of the ways to get money and earn some income by is in digital marketing. If you want to make money online, digital marketing is a good option. There are many avenues and options for digital marketing, and you can earn money using different methods.…

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Pros and Cons of Hard Money Loans

Hard money is the borrowing of money without the use of traditional lenders. Hard money loans are good for cases where a loan is needed quickly or when traditional lenders wouldn’t approve the loan. Traditional lenders require proof that you can repay the loan. They also look at your credit score and your income to determine your ability to repay the loan. This is normally a slow, tedious process even when your income is good, and your credit score is impressive.

On the other hand, hard money lenders, lend based on the collateral you use to secure the loan. They care less about your ability to pay the loan. Shouldn’t you repay the loan, they recover their money by taking the collateral and selling it. Most hard money loans are between one and five years. Before you apply for this credit facility, it is important for you to weigh the pros and cons of taking hard money loans.

 

PROS

 

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Speed

Since the hard money lenders are more concerned about the collateral you offer than your financial situation, hard money loans close within a short time. This is because no time is spent reviewing your bank statements, verifying the source and level of your income, etc. It even gets faster once you establish a relationship with the lenders.

Flexibility

Hard money terms and conditions are more flexible than it is with traditional lenders. These lenders have no standard method of underwriting the loans. Each loan is evaluated separately and individually. Thus you can negotiate off the repayment plan, period and even interest.

 

Collateral

If you are taking a hard money loan to buy property, the property itself acts as collateral for this loan. In other cases, you can use personal assets to secure the loan. Most of these lenders use a low loan to value ratios. This helps the lenders recover their money quickly in case you default on the loan.

 

CONS

 

Cost

Although hard money loans are quite convenient, they are more expensive compared to traditional loans. Most of these loans have double-digit interest rates. The loan also includes other costs such as closing costs, originating fees, and loan servicing fees. These additional fees make the loan even more expensive.

 

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Short Repayment Period

Due to the nature of the loans, they tend to have a shorter repayment period compared to those from traditional lenders. Hard money loans typically have a tenor of between one and five years. As you choose the lender, ensure that you get the clear repayment plan and period. Due to the short-repayment period, this type of loans is mainly used ideal for a fix and flip investments. This is because the money collected from the loan is used to buy and renovate the investments. These investments are normally sold at a higher price than market value due to the renovations. As such the borrower makes money quick, repays the loan and remains with some profit. It is also used to buy and hold investments.

There are many hard money lenders to choose from. Take time and identify the one with the most favorable and negotiable terms for you.…

Cryptocurrency

What Makes a Good ICO?

Investment opportunities crop up with each inch of improvements that spin-off economic dynamics. Once upon a time, people dreamt of education, securing a good job, and raising a family as they awaited their retirement benefits. Times have changed as more and more people think of entrepreneurship and feasible investment options that are out of the ordinary. This is the reason why people are investing in the stock, bullion or the cryptocurrency market. It follows that you can be on the watch out for either an Initial Public Offering (IPO) or an Initial Coin Offering (ICO).

ICO

Many tech-oriented people go for the ICO option owing to its safety features that safeguard short and long-term entrepreneurial ventures. This form of digital currency is not affected by market crash incidents, and neither is it eroded by inflation and the commodity market oscillations. The challenge lies in choosing the cryptocurrency brand that befits your investment prospects, making it significant to keep vigilant.

Return on investment (ROI)

The world is full of excellent coders. These are people who can formulate a cryptocurrency brand given sufficient resources. However, not all of them command solid business acumen. Subsequently, they can write excellent codes, but they cannot transform the genius behind their codes into empires worth your time as an investor. Consequently, your checklist should consider the cryptocurrency’s ROI. Look at the market excitement over an upcoming ICO and speculate on its possible returns. Note that a cryptocurrency’s ROI features are determined by various factors.

Factors to consider

The checklist should entirely point at the ROI aspects of the cryptocurrency that you may choose. Do this by considering the developers behind the blockchain currency. Reputable developers often command huge following that makes their products valuable. People believe and invest in them because they know that their value rises exponentially within a short time after the ICO. You can count on for a solid investment portfolio these currencies. Other factors to mull over include:

  • Legal and tax issues are also significant to consider though cryptocurrencies are devoid of government and tax scheme influences.
  • When and where the ICO is bound to take place as this provides for ample preparation that you need to make wise investment decisions.
  • The extent to which the ICO has been promoted in the mainstream media. This often shows the strength and the validity of the organization behind the ICO.
  • Other factors include the whitepaper aspects and future supply in addition to a clear roadmap that is meant to uphold its future integrity in the cryptocurrency market.

Dealers & advisors

BITCOIN 3You can be a jack-of-all-trades but a master of none. This means that you cannot possibly know everything about the cryptocurrency market, but you can always hire someone who does. Pick on affordable ICO dealers and advisors who you can reach at any time of the day or night. They should know what is trending in the blockchain currency market and work with you to emerge victorious in any ICO that you may wish to make part of your investment portfolio.…

financial records

Advantages of Hiring a Financial Advisor

When it comes to making a financial decision, it is never easy since there are specific considerations which have to be considered. When it comes to making financial decisions, you have to carefully weigh your options since there are short-term and long-term financial investments.

Making the right moves and decisions could help you be successful in whatever venture that you decide to take. Similarly, making the wrong decisions could spell doom for your business venture. Let us look at some of the advantages of hiring a financial advisor.

Proactive service

financial trendsOne of the advantages that you will get when you hire a financial advisor is the proactive service. Before they advise you on any matter, they would need to know your business standings.

That is they will evaluate your bank statements first and see whether you have the money that is needed for the project. By reviewing your financial statements, he will help you to come with strategies that will help you meet your financial goals.

Expertise

Another advantage of hiring a financial advisor is that you will get the expertise that is needed. One of the mistakes that many people usually make is hiring the wrong people for different assignments. To manage your finances well, you will need a financial advisor. Financial advisors are skilled and learned in matters to do with finances. You will, therefore, get the right advice that is needed to make you successful in your venture. The financial adviser brisbane will treat you with the professionalism that it deserves.

Business records

Bookkeeping is essential for any business. You need to keep track of all your expenditure and income. The financial advisor will help you in coming up with such records. Secondly, you also need to audit your books regularly to ensure that everything is being done in the right manner. The financial advisor is likely to help you with the auditing aspect and help you in pinpointing some of the areas in your business that needs to be strengthened.

Return on investments

Whenever investors decide to invest, they typically expect to get returns after some duration. You can as well view the financial advisors as investments since you will be able to reap from their counsel in future. They will point out the likely pit holes which you should avoid; this means that by following their advice you will be able to make your business successful.

Coordination

financial records You might have different employees working for your business. These employees might be the sales manager, the taxation guy, and the accountant. It is prudent that you have someone to coordinate such individuals since their roles are dependent on one another.

A financial advisor could help you with the coordination of the different services. The video below talks about benefits of having a financial advisor.

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Benefits of hiring a small business accountant

Many small businesses owners do not see the need to having an accountant. This often proves to be detrimental considering that business accounts tend to be quite sensitive. If you too are thinking along the same line, its high time you thought otherwise. An accountant plays a vital role in ensuring business growth. They help you prepare financial statements, maintain financial systems, play an advisory role, and preparation and submission tax returns among other tasks. Thus, if you run a business, outsourcing your accounting department to small business accountants Milton can be a great move.

Why you need a small business accountant?

Filing returns

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Tax computation and submission is not an easy aspect of any business. Authorities expect you to submit tax returns at the end of every financial year. Failure to do this appropriately might be detrimental to your business from a legal perspective. That said, having a professional help you handle this can save you from lots of troubles. A specialized accountant can help you manage your tax issues without hassle.

Computation of profit and loss figures

At the end of every financial year, a business, whether small or big, is expected to prepare a profit and loss account. This is is certainly not everyone’s job considering there are some technicalities involved. Transactions that have taken place through the year must be analysed and recorded in relevant books of accountant to facilitate this computation.

Only a professional can be able to follow through your books and come out with an accurate figure. Thus, it is advisable to have an accountant for your business all the time. This way it will be easy to have a simultaneous check and take corrective measures in place.

Maintenance of expenditure records

accounting 33Maintaining expenditure records is a big problem for many small business entities. However, A good business should have well-kept expenditure records in place. If you want to maintain your expenditure and avoid the hassles that come along with a last-minute rush, then it is important to have an accountant.

Saves you time

Maintaining an accounting system is not easy especially if you are managing many things at a go. It calls for devotion and dedication if you want to have a good accounting system. Assigning this work to a professional accountant will help you have a sound accounting system. In return, this will help you concentrate on other areas of your business.

 …

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The role of entrepreneurship

In a market economy, entrepreneurs are among the professionals that occupy a central position. They play a major role in ensuring that every economic activity is activated. They act like the spark that gets everything going, yet many people do not even understand the role of entrepreneurship. There are those who get it all wrong by thinking that these are just any other type of ordinary people in the markets. It includes the entrepreneurs themselves who seem to believe that they are only meant to make business deals, and earn profits. To help you understand this, even more, the following are some of the roles that entrepreneurs play.

Why entrepreneurship is important

Determining the success of a community

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There is no doubt that the most successful communities in the world are the ones that have the highest number of entrepreneurs. This is because they act as a measure of prosperity, an abundance of opportunities, and growth. Without these professionals, you can be sure that there will be minimal economical activities, and people will be in trouble. Needless to mention, every community that wants to proper starts by encouraging your people to get into business. Governments lead by signing business agreements with foreign missions so that they can provide the perfect platform for their people to do business. It is the way the people take up these opportunities that will be the true measure of prosperity and therefore, it is impossible for a community to grow without entrepreneurship.

Triggering production and sales

Trade in any community depends on the surrounding environment. The way people produce products depends on the demand. Therefore, there will be little production if there is no demand. Similarly, there also will be little sales, and this means that the economy will be on its knees. This is one of the roles of entrepreneurship because it acts as the platform on which production of products and their sales is triggered. As a result, a community will experience exponential growth in trade thanks to the efforts of entrepreneurs. They are the ones that will source for the products that have been produced, and find the markets. Therefore, everyone else involved in the chain will be befitting from the role played by these professionals.

Sealing the supply gap

sdlkvnlksandvlknaskldvnklsandvlknalskdvsadvEntrepreneurs also play an important role when they come in to fill the void left in the supply chain. There are those that have products and services to offer, and on the other hand, there are those that need the products and services. The problem is that these two groups do not know where each one of them is and therefore, they need someone to help them connect. It is through entrepreneurship that you can connect these two. Since these are professionals that often identify opportunities, they always will find their way around.

Indeed, it is difficult to imagine how communities would exist with the important role of entrepreneurship. The best part is that more people are going through both formal and informal training, and are waiting to get on the bandwagon. Definitely, entrepreneurship will keep growing for many years to come.…

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Hiring a finance manager

If you are struggling with your finances, you should find a professional to help you reorganize them. You may not have the expert knowledge to understand where the problem is, but that does not mean that you cannot be stable financially. Experts can analyze your situation and come up with recommendations so that you know where the problem is, and how to fix it.

Since you can easily find these experts both online and offline, you should know the characteristics that you should be looking for before hiring them. The goal is to ensure that at the end of the day, you are hiring a finance manager that will add a lot of value to your business. Consider the following factors.

Factor to consider when hiring a finance manager

Experience

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Finding a finance manager that has been handling financial tasks is a good thing because you know that they understand their job. Regardless of the problems that you are faced with, experience can help them to come up with the perfect solution. Over the years, they have been serving people like you, and are aware of the challenges that companies, as well as individuals, go through. Because of this, they can assure you that they will have a ready solution to your needs. Studies have shown that those who have many years of experience are more likely to offer better financial management skills than those that are just starting out.

Certification

Certified financial managers are people who have been subjected to various tests and examinations. They have been working closely with trusted organizations in the financial sector. Because of this, they have skills and work ethics that other managers lack. For instance, they are under obligation to protect the reputation of the organizations that certified them. Because of this, they will be more professional and ethical in their work. They know the laws that govern financial transactions and will advise against anything that may make the organization to lose its reputation. Also, you can count on them to work towards ensuring that they do not lose their certification because it is one of their greatest tools of the trade.

Contacts

The best finance managers also have a lot of contacts in the industry. This helps them to solve problems faster, and easily. For example, they will know when to call in a financial attorney to avert a problem. They also know when to file your tax returns to avoid penalties. You can focus on the other important tasks in running your business while knowing that finances are well taken care of. With such professionals, you can easily work with them to take the business to the next level.


If you are thinking of where to find the best professionals when hiring a finance manager, look for recommendations from trusted sources. Find out the organizations that they have worked for before, and how they performed. You also may want to know about their experiences with their previous employers so that you have a picture of what to expect once you start working with them.…

Boston Gal’s Open Wallet

Where does the Fed get $30 Billion to lend – easy when it owns the printing presses
I avoided posting about the Bear Sterns bailout, since I was sure NewsHour would cover the story, and I was not disappointed. Reaction Is Mixed After Fed’s Efforts to Shore Up Economy gives a clear rundown of what happened over the weekend:
And, Joe, let me start with you. Explain as simply as you can, what happened to Bear Stearns?

JOE NOCERA, Business Columnist, New York Times: It’s like something seizes up; that’s really the best way to describe it. There was panic among its counterparties, the people they traded with, that they wouldn’t have the money to pay them back.

So people, gradually first and then with increasing acceleration, stopped trading with them. In fact, hedge funds that did business with them were sending notes to their clients over the last week or so saying, “Don’t worry. We’ve stopped trading with Bear Stearns.”

When you’re an investment bank and you depend on trading, and you depend on liquidity, and suddenly no one will trade with you, it really doesn’t matter how many securities you have, how much money you have. You have no business and the securities that you hold have no value, because no one will trade with them.

So this is a classic — this is the modern version of the run on the bank. And, you know, there’s a reason their stock closed on Friday at $30 a share and by Sunday night they were bought for $2 a share. They had no business.

So I get that the Fed gave JPMorgan a 28 day $30 Billion dollar line-of-credit to help make this deal happen – not a gift of $30 Billion. But the idea that the Fed helped finance this fire sale does make me uncomfortable. What other shoes out there are waiting to drop?
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Monday, March 17, 2008
Free Sample Glad ForceFlex
To order your Glad ForceFlex bag sample click here. – Enjoy!
Labels: Free Sample

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Inflation Intimation


A commenter recently suggested that I replace my Recession Obsession with an Inflation Obsession (since it now appears that the recession is here). Perhaps replace is not the right word, I guess adding the new category is more accurate. So the new category of Inflation Intimation is born.

What is the big deal about inflation and why should we watch out for it? Well, there is the obvious issue of rising prices. A loaf of bread cost $3 last week and this week it is $3.75 – that type of thing. While that hurts your pocketbook today, it is not the worst inflation can due to you. You see inflation is insidious, generally it creeps up on you. Lately it just happens to be racing up on us which makes it more noticeable. While paying a dollar more here and there does add up, it is the longer term impact on your financials where inflation really gets us.

Say I put a dollar away today for future needs. The future arrives and I take that dollar out to pay for my need. Unfortunately inflation has made that future dollar worth less than it used to, so while my need used to cost only one dollar, now it costs three. So past self should have saved three dollars instead of only one if it really wanted to meet future self’s needs…

So this long and convoluted example means inflation = bad and needs to be watched for and more importantly prepared for. So be warned inflation, I have my eye on you!
Labels: Inflation Intimation

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Sunday, March 16, 2008
Money Makeover: Judy and Steve Haibach
The LA Times Money Makeover: Tough problem: What to do with a $1.7-million nest egg? should be reclassified as a spending makeover, since the gist of the recommendation is to stop saving so much and start spending some more.
Judy and Steve Haibach had never dreamed they’d wind up as middle-class millionaires. Now they don’t know what to do with the $1.7 million they’ve squirreled away for their retirement.

Since the high school sweethearts married 35 years ago, they have lived a life of frugality — sharing one car, taking thrifty camping vacations and eating countless brown-bag lunches.

“Whatever was the cheapest thing we could do, we did,” said Steve, 56, a Southern California Gas Co. technician. Judy, 55, is a nurse.

The Haibachs want to retire early, perhaps next fall. But they are faced with the unusual challenge of how to spend their hard-earned money.

“These guys are ridiculously secure. Even if the Great Depression comes tomorrow, they’ll be fine,” said Brent Kessel, president of Abacus Wealth Partners in Pacific Palisades and author of “It’s Not About the Money.”

“Their problem is that they’re going to die with too much money,” said Kessel, a certified financial planner who considers the psychological and financial aspects of money.

The Haibachs need to live it up a bit more and help those who are less fortunate than they, he said. As extreme savers, they can balance their thrift through more volunteering, charity and pleasure-seeking, he said.
While I am happy it looks like the couple can start spending more and can think about how to give more to charity, I just have to wonder how many organizations right now are adding these folks to their mailing lists and call sheets. Nothing like letting people know in a newspaper article that you have excess money and are willing to start giving some of it away…
Labels: Money Stories

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The Boston Federal Reserve would really rather you not default on your home loan
You know things are bad when the head of the Boston Federal Reserve reaches out to the common consumer…

The Boston Globe alerts us to these actions in the article: Boston Fed makes rare direct appeal to hard-hit borrowers while a copy of Eric Rosengren’s, president of the Federal Reserve Bank of Boston, appeal can be found here: Consult the mortgage holder before home is in jeopardy with the helpful subtitle – Interest rates can often been negotiated (I am hoping the original letter had that as “be negotiated” and the typo is the fault of the Concord Monitor, because it sounds a little “Freudian slip” to me – as in interest rates could have been negotiated back when you took out that terrible loan!)

The letter basically points stressed New England homeowners to the website Mortgage Relief Fund and provides some info and contact phone numbers regarding the $125 million loan package available to homeowners caught in bad or unaffordable loans.
For borrowers without easy access to the Internet, the Mortgage Relief Fund banks can be contacted at the following numbers: Bank of America, 800-344-9403; Citizens Bank, 888-411-1145; Sovereign Bank, 800-288-6225; TD Banknorth, 800-281-0025 (x2315); and Webster Bank, 888-681-7788 in Connecticut and 800-635-9191 in Massachusetts or Rhode Island.

To qualify, borrowers’ incomes must be verifiable and sufficient to support the payments. The borrower must have a history of generally making timely payments. The value of the home must support certain loan-to-value limits.

For borrowers who qualify, the savings can be substantial – hundreds of dollars a month, and thousands of dollars a year. For example, if the interest rate on a new FHA mortgage is 6 percent and the initial rate on a sub-prime mortgage was 8 percent, the monthly payment on a $200,000 loan would be about $268 less, for a yearly savings of over $3,200 (and more, had the original loan reset higher). One borrower already helped was at risk of losing her home. Her loan had adjusted from 7.4 percent to 8.9 percent, and was due to adjust again soon. Her new fixed-rate loan is saving her about $250 a month.
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Saturday, March 15, 2008
Time to put a chicken coop in the back yard…
The New York Times article: Costs Surge for Stocking the Pantry notes the rising food prices at your local grocery store:
With a few exceptions, nearly every grocery category measured by the Labor Department, which compiles the official inflation numbers, has increased in the last year. Milk is up 17 percent, as are dried beans, peas and lentils. Cheese is up 15 percent, rice and pasta 13 percent, and bread 12 percent.

No food product has gone …