What qualifies as collateral? To qualify as good collateral for a business loan, an asset needs to be owned and controlled by your business. It also must be in good working order, have a reliable value and not b
1. What qualifies as a financial obligation? A financial obligation is any legally binding commitment to pay money, including debts, lease payments, or contractual compensation. 2. What happens if I don’t meet a financial obligation? You may face late fees, legal action, credit damage, asset...
While there is no hard rule about what qualifies as a "good" or "bad" DTI, lenders typically prefer to see ratios below 36%. Ratios above 43% are generally considered red flags. If your DTI is on the higher side, consider taking steps to pay off your debt or increase your income. ...
When you use your margin account to buy and sell a security on the same business day, it qualifies as a day trade. This also holds true if you execute a short sale and cover your position within the same day. How does margin trading differ from short selling? With margin trading, ...
“Together, these inputs influence pricing tiers and determine whether the borrower qualifies for promotional, standard or risk-adjusted rates,” says Garg. That means if you have a strong credit history, DTI and CLTV, you might be able to snag a promotionalteaser rate, which can be around ...
» MORE:VA loans: How they work and who qualifies FHA energy-efficient mortgages An EEM backed by the Federal Housing Administration may be used for condominiums, manufactured homes and buying or refinancing new or existing construction.
Learn what SBA loans are and the kinds of businesses that are eligible to apply for them, as well as what is needed to submit an SBA loan application
Most personal loans are unsecured, meaning they’re not backed by collateral. Instead, lenders look at factors like credit score, debt-to-income ratio and cash flow to assess if a borrower qualifies and at what rate. If you’re...
Learn what SBA loans are and the kinds of businesses that are eligible to apply for them, as well as what is needed to submit an SBA loan application
Merchant cash advances work well as a last resort to cover temporary gaps in cash flow. But if your business qualifies for other small business loans, you’ll probably pay much less in interest and fees than with an MCA. Alternatives to explore include: Term loans Like a merchant cash advan...