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1 week ago | 
fitsmallbusiness.com | Andrew Wan
American Express has a wide offering of personal and business credit cards that have annual fees ranging from $0 all the way up to $695. Cards that carry an annual fee often have a slew of benefits to make them worth the cost. However, if your spending habits have changed, you're having trouble affording the fee, or you otherwise want to avoid paying the annual fee, there are four ways you can get your Amex membership fee waived.
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2 weeks ago | 
theclose.com | Andrew Wan
Tools powered by artificial intelligence (AI) continue to become more popular in the real estate industry, and it’s easy to see why! These help agents save a tremendous amount of time while also making them more efficient by streamlining processes, automating tasks, enhancing client interactions, and providing marketing and other business insights. AI will never replace the human component, as personal connections can be incredibly important in the real estate industry.
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4 weeks ago | 
fitsmallbusiness.com | Andrew Wan
The decision to file bankruptcy as a business owner is not an easy one to make. Filing bankruptcy is a time-consuming and expensive process, and one that can be a black mark on your credit, making it difficult to secure loans or other sources of funding in the future. However, if you truly cannot afford to pay your debts, bankruptcy can be a good option that allows you to get out from underneath the stress of mounting bills.
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1 month ago | 
fitsmallbusiness.com | Andrew Wan
The best peer-to-peer lending platforms will vary depending on your specific circumstances, but should offer sufficient funding amounts, along with a wide range of repayment terms. The best options should also make it easy to apply for funding, and carry flexible eligibility criteria.
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1 month ago | 
fitsmallbusiness.com | Andrew Wan
An LLC loan is any type of small business loan issued to a business structured as a Limited Liability Corporation (LLC). An LLC is one of several legal tax structures a business can operate as, with examples of other options including sole proprietorships, partnerships, and S corporations. LLC loans can be used for many different business purposes, and you can choose from multiple types of LLC loans to suit your needs, as each has varying terms, loan structures, and repayment options.
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2 months ago | 
fitsmallbusiness.com | Andrew Wan
Depending on your circumstances and needs, the best self-employed business loans will have either flexible qualifications with high approval rates or competitive interest rates and loan terms. These companies also tend to combine those characteristics with excellent customer service, given that self-employed individuals can have complex finances that tend to make it difficult to evaluate and explain the paperwork needed to render a loan decision.
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2 months ago | 
fitsmallbusiness.com | Andrew Wan
An amortization schedule is a table or chart that shows each loan payment throughout the life of the loan. These payments are broken down to show how much will be allocated to the loan's principal and accrued interest charges, as well as the new loan balance after each subsequent payment. A schedule can be used to show how much interest will be paid on the loan each year and give business owners more visibility into how long it will take before the loan is fully paid off.
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Jan 21, 2025 | 
fitsmallbusiness.com | Andrew Wan
I'll walk you through how to consolidate business debt and help you understand the nuances involved in the process-from determining the total amount needed to pay off existing loans and finding a lender, to applying for a loan and ensuring proper payoff of your old accounts. Business debt consolidation can provide multiple benefits, such as simplifying your finances, lowering your total monthly payments, and reducing your interest expenses in the long run.
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Jan 20, 2025 | 
fitsmallbusiness.com | Andrew Wan
Peer-to-peer lending, or P2P lending for short, is a way for borrowers to get loans from other individuals, rather than a bank or other traditional lending institution. It's often used by borrowers who either are unable to qualify for a traditional bank loan or cannot secure the type of financing they're looking for. Due to the type of borrowers typically seeking P2P loans, this type of financing tends to have higher default rates than traditional loans.
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Jan 8, 2025 | 
fitsmallbusiness.com | Andrew Wan
The federal funds rate is the rate that's charged when a bank lends funds to another bank. This can occur if a bank needs money to satisfy reserve requirements The requirements ensure that the bank can meet its liabilities if it receives a large number of withdrawal requests. set by federal regulations. While the federal funds rate describes the rate banks charge one another, it plays a large role in US monetary policy and has significant implications for consumers and small business owners.
