-
Oct 31, 2024 | 
bankrate.com | Kellye Guinan |Emily Maracle
Published on October 31, 2024 | 8 min read Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
-
Oct 31, 2024 | 
bankrate.com | Sarah George |Emily Maracle
There are several options for financing equipment purchases, including term loans, SBA loans, equipment loans and leases and business lines of credit. Each type of loan has advantages and disadvantages, so it's important to carefully consider business needs before choosing one. Online and alternative lenders may be a good option for startups or business owners with bad credit who need fast funding for equipment.
-
Oct 21, 2024 | 
bankrate.com | Kristina Byas |Emily Maracle
Fast business loans offer rapid funding, often in one to three business days Business lines of credit, business credit cards and merchant cash advances can be considered types of fast business loans Fast business loans are common offerings from online banks and alternative lenders One of the main draws of fast business loans is that they offer rapid funding, often delivering funds within one to three days compared to the weeks or months of most traditional business loans.
-
Aug 19, 2024 | 
bankrate.com | Lara Vukelich |Emily Maracle
A DUNS number is issued by Dun & Bradstreet and helps build business credit. This number tracks business credit, regulatory filings and other financial information about your business. You can apply for a DUNS number by phone or online through Dun & Bradstreet. A Data Universal Numbering System (DUNS) number is assigned by one of the three business credit bureaus, Dun & Bradstreet, and may also be called a D&B number.
-
Aug 16, 2024 | 
bankrate.com | Mandy Sleight |Emily Maracle
Hard money business loans focus on the value of assets backing the loan, rather than traditional eligibility requirements Hard money loans are more accessible but are riskier than traditional business loans since you are more likely to lose the asset if you default Hard money loans for businesses are typically offered through private investors and lenders New businesses and startups can sometimes struggle to get approved for a business loan — especially if they haven’t established business...
-
Aug 15, 2024 | 
bankrate.com | Mia Taylor |Emily Maracle
Student loan refinancing means taking out a new loan to pay off one or more current student loans. It can provide a lower interest rate, extend your repayment timeline or make your monthly payment more affordable. Refinancing is only available through private lenders, and you lose key benefits when you refinance federal student loans. Student loan refinancing is when you apply for a new loan to pay off your current student loans.
-
Aug 9, 2024 | 
bankrate.com | Lara Vukelich |Emily Maracle
A small business income statement helps the business see whether it’s operating at a profit or a loss You can use a single-step or multi-step income statement formula, with single-step formulas typically used by smaller businesses An income statement shows income and expenses over a period of time, while a balance sheet shows assets and liabilities on a specific date, such as the beginning of a year A business income statement tracks the revenue and expenses of a company over a set period,...
-
Aug 8, 2024 | 
bankrate.com | Kacie Goff |Varo Money |Emily Maracle
Short-term business loans can be a helpful tool for businesses facing unexpected obstacles or experiencing rapid growth Interest rates for short-term business loans can vary greatly depending on the lender, loan type and the borrower's financial situation Short-term business loans may require more frequent payments compared to other longer-term loans Maybe your business ran into an unexpected obstacle. Or maybe it’s growing so fast that you need to bring on new employees.
-
Aug 7, 2024 | 
bankrate.com | Sarah George |Emily Maracle
Startup business loans can be challenging to obtain since most lenders set minimum requirements for time in business You may be eligible for different types of loans that can serve specific purposes, such as a startup SBA loan Before applying, you’ll want to determine how much funding you can afford by assessing your business budget and current debts and expenses Getting a startup business loan can be challenging without a track record of success in your company.
-
Aug 6, 2024 | 
bankrate.com | Dori Zinn |MSN Money |Emily Maracle
You are no longer required to disclose on a FAFSA application that you’ve been convicted of a drug-related crime Drug convictions no longer affect federal student loan eligibility If financial aid isn’t enough to cover your education needs, there are other options Drug convictions affect your life in different ways. They hurt your chances of getting a job and finding reliable housing.
