How does an SBA loan work? The SBA loan program is robust in its offerings, so each loan can work a bit differently than others. Understanding the different available options and the eligibility requirements can help you determine whether an SBA loan is right for your small business. Types of...
Smart business owners always plan for the future. Establishing a business emergency fund is a great way to ensure you're prepared for anything. Learn how here.
CNBC Select explains what range is considered to be a bad credit score, how to get a free credit report, and how to improve your credit score fast.
evaluate how you have managed debt and if you have ever declared bankruptcy. Yourcredit reporthelps them decide if you are a good candidate for a loan or if you are considered too risky. Generally, a credit score of 700 or higher is considered ideal when looking to secure a business loan...
A personal loan comes with a fixed interest rate and consistent monthly payments, which gives you a predictable payment schedule. And with adebt consolidation loan, the lender will often directly pay your creditors without you having to get involved. ...
Since you are considered a higher risk, lenders can charge significantly higher interest rates and additional fees for these types of loans. Theaverage interest rateon a personal loan for borrowers with fair to bad credit is 17.8 percent to 32 percent. No-credit-check loans, on the other hand...
If they’re not managed correctly, they may cause financial instability and hinder growth — that’s why it’s so important to track expenses diligently and understand where your money is going. So, what are considered operating expenses? They typically encompass a wide range of day-to-day ...
A small business is a company of relatively limited size, as measured by its revenue, number of employees, or both. Often described as the backbone of the U.S.economy, small businesses range from sole proprietorships to partnerships and corporations with multiple owners and sometimes hundreds of...
An economy encompasses all of the activities related to the production, consumption, and trade of goods and services in an entity, whether the entity is a nation or a small town. No two economies are identical. Each is formed according to its own resources, culture, laws, history, and geog...
A leveraged loan is one that is extended to companies or individuals that already have considerable amounts of debt or a poor credit history. Leveraged loans typically have higher interest rates.