How Does Loan Interest Work? Assuming you have good credit, you’re able to shop around for the best deal on a loan. The interest rate is the cost of borrowing money, and it’s important to understand how it works before taking out a loan. Checkout this video: Introduction Loan interest is the price you pay…
The Paycheck Protection Program (PPP) loan can help you cover the cost of employee salaries, but there are a few things to keep in mind when using PPP funds to pay employees. Read on to learn more about how to pay employees with a PPP loan . Checkout this video: Overview of the PPP Loan…
If you’re wondering how long a loan application usually takes, the answer depends on a few factors. In this blog post, we’ll give you a rundown of the timeline for a typical loan application so you can plan accordingly. Checkout this video: Introduction It can vary depending on the type of loan you’re applying for,…
If you’re considering applying for financial aid for college, you may be wondering what the difference is between a grant and a loan. Grants are typically need-based, while loans are usually based on your creditworthiness. Keep reading to learn more about the key differences between these two types of aid. Checkout this video: Introduction Grants…
It’s not impossible to get a student loan with bad credit . In fact, there are a few options you can consider. We’ll explore a few of those options in this blog post. Checkout this video: Introduction Bad credit can make it hard to qualify for a private student loan on your own. But if…
A No Money Down Home Loan is a great way to purchase a home with little to no money down. There are a few ways to get a no money down home loan. The most common way is to get a government-backed loan such as an FHA loan. Checkout this video: The Basics of No…
Refinancing a loan simply means taking out a new loan to replace an existing one. The new loan pays off the old one, and you start making payments on the new loan. Checkout this video: What is refinancing? Refinancing a loan means taking out a new loan with new terms to replace an existing loan….
The Small Business Administration (SBA) is a federal government agency that provides support to small businesses. One of the ways they do this is through guaranteeing loans made by approved lenders. Checkout this video: SBA Loan Basics The Loan approval process for the SBA can seem daunting, but it doesn’t have to be. In this…
How to Record a Loan in Quickbooks – We show you step-by-step how to record a loan in Quickbooks, whether it’s for a personal or business loan. Checkout this video: Set up your loan account In order to maintain good financial records, you need to understand how to properly record a loan in Quickbooks. This…
How long does home loan underwriting take? The answer may vary depending on the lender, the type of loan, and your financial situation. Checkout this video: The underwriting process The underwriting process is the process a lender uses to determine if a borrower is a good risk for a loan. Lenders look at many factors,…