Business
Luis Alvarez/Getty Images Key takeaways Business loan rates for bad credit can range from 10.50 to 75.00 percent, depending on the lender and type of loan When considering what rate to offer you, lenders take into account your current cash flow, credit score and time in business When comparing business…
Key takeaways The lender, loan amount, interest and fees factor into the total cost of an LLC business loan Common loan fees include application, origination and prepayment fees Credit score, revenue, time in business, debts and profitability impact loan interest rates Getting an LLC loan is a great way to…
Lucy Lambriex/Getty Images Key takeaways Secured loans are popular for startups because they can be easier to qualify for and come with lower interest rates Unsecured loans are harder to obtain for new businesses and often require a personal guarantee Alternative financing options such as crowdfunding, peer-to-peer lending, business grants,…
Prior to launching PlantOGram – an American-made fruit tree gifting company – nearly two decades ago, gardening was solely a backyard hobby for husband-and-wife duo Mickey and Vicky Popat. The newlyweds at the time had purchased their first home, and developed a passion for growing fruit trees in their garden,…
Key takeaways Banks require financial statements, formation documents as well as your personal credit score and bank statements to apply for a business loan Gather your loan business loan documents before filling out the application to speed up the process Applying for SBA loans will require additional SBA forms Bank…
Key takeaways The average small business loan amount is $437,482, according to the the SBA Lenders use your revenue, credit score and current debt load to determine how much business loan your business can handle. Large national banks lend higher loan amounts than regional banks. Yet alternative lenders often offer…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Semi-truck loan timelines range from 24 hours to up to 90 days, depending on the lender and loan type Banks and credit unions tend to take longer to fund semi-truck loans than online or direct lenders Check eligibility requirements and…
When 6-year-old Charli Johnson suggested starting a coffee business to her dad, T. Shane Johnson, he thought it would be a valuable teaching opportunity and a “great way” for them to spend time together. “It was just one of those kind of ‘aha moments’ as a dad,” T. Shane Johnson,…
10’000 Hours/Getty Images. Key takeaways A semi-truck loan is worth considering if you can’t afford to pay the full cost of a semi truck upfront Some semi-truck financing companies are willing to work with brand new startups or businesses that have been in operation for at least six months Semi-truck…
kate_sept2004/Getty Images. Key takeaways Short-term business loans are a quick way to get funds for your business, with repayment terms typically lasting between three to 18 months. Short-terms are often offered by online lenders, who can process applications and disburse funds faster than most traditional lenders. Common reasons for taking…
