Business
Kamala Harris’ campaign has put economic and business policy at the center of many of their talking points, with an emphasis on ending inflation, uplifting small businesses and encouraging economic growth through top-down policy and federal aid programs. While the plans have been heralded by some experts as a potential…
Key takeaways The American Express Blue Business Cash™ Card is a solid starter card for simple cash back rewards and a low intro APR offer on purchases to support a growing business. No annual fee means that what you earn is yours, no matter how much or how little you…
Elijah Nouvelage / Stringer/ Getty Images One of Kamala Harris’ key promises on the campaign trail has been to raise the minimum wage for workers. With many Americans struggling with stagnant wages and overall financial insecurity, an increase in the federal minimum wage might be a welcome change for workers.…
Key takeaways Up to 85 percent of SBA loans are backed by the federal government. Banks use both personal credit scores and SBSS scores to determine creditworthiness. You have the best chance of approval for an SBA loan with a credit score of 600 or above. Business loans that are…
Scott Olson / Staff/ Getty Images With inflation being a primary concern for both consumers and businesses, presidential candidate and current vice president Kamala Harris has promised to tackle high prices by banning price gouging by grocery and food companies. Here’s how it can impact small businesses. What Harris is…
Key takeaways Online lenders tend to specialize in short-term loans and can provide funds quickly Banks offer better rates and terms than online lenders, but their application process and funding times are slower Some online lenders can analyze your documents and approve your loan in minutes and may even offer…
If you have fair-to-bad credit (a FICO score of 669 or less), you likely know you’re going to pay more in interest for any loan you get compared to business loans for excellent credit. While average rates for business loans in general range from 7 percent to 45 percent, not…
skynesher/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Short-term loans are best used for emergency expenses, seasonal cash flow gaps, time-sensitive opportunities or to purchase inventory Short-term business loans can have high interest rates or fees, so you’ll need to review the loan agreement carefully before signing Short-term loans are available…
Key insights Eliminating taxes on tips would allow workers to take home more pay, possibly easing the labor shortage and increasing employee satisfaction. How getting rid of taxes will impact state income tax, Social Security and Medicare is unclear, possibly presenting a weak point. No taxes on tips may not…
Westend61/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Unsecured business loans do not require collateral Interest rates and fees impact how much an unsecured loan costs Paying extra every month could save on the cost of borrowing if the lender doesn’t charge prepayment penalties When you take out an…