How to Obtain a Business Loan is a guide for business owners who are seeking financing for their business. The guide covers the different types of business loans available, the eligibility requirements for each type of loan, and the application process. Checkout this video: Research the Different Types of Loans Before you apply for a…
You can calculate interest on a loan in Excel by using the “PPMT” function. This function will calculate the periodic payment for a loan based on an interest rate and the number of payments. Checkout this video: Introduction In order to calculate the interest on a loan, you will need to know the following information:…
Have you applied for a PPP loan and are wondering when you can expect your deposit? We’ve got the answer for you! Checkout this video: The PPP Loan Process Applying for the PPP Loan The PPP loan process is relatively simple and can be completed in a matter of days. You will need to gather…
It’s no secret that interest rates on car loans are at an all-time high. Here’s how to get the lowest interest rate on a car loan. Checkout this video: Introduction Historically, the average interest rate on a car loan has been around six percent. However, in recent years rates have been on the rise and…
How long does it take to process a loan? The answer to this question depends on many factors, including the type of loan, the lender, and the borrower’s qualifications. Loan Processing Take?’ style=”display:none”>Checkout this video: Mortgage Loan Processing Mortgage loan processing can take anywhere from a few days to several weeks. The exact timeline will…
How long does it take to get approved for an SBA loan? The answer may surprise you – it can be as little as 30 days! Here’s what you need to know about the SBA loan approval process. Checkout this video: SBA Loan Basics The Small Business Administration (SBA) is a federal agency that provides…
You may have heard the term “recourse loan” but what does it mean? In this blog post, we’ll explain what a recourse loan is and how it works. Checkout this video: Introduction A recourse loan is a type of loan in which the borrower agrees to give the lender the right to take legal action…
What Happens If I Get Married After a USDA Loan? If you’re considering getting married after you’ve already applied for a USDA loan, you may be wondering what will happen to your loan. Here’s what you need to know. Checkout this video: httpv://youtu.be/https://www.youtube.com/shorts/rSirFak3kME Introduction USDA loans are a type of mortgage loan that is backed…
A credit score is a number that lenders use to decide whether to give you a loan. Generally, the higher your credit score, the lower the interest rate you’ll get on a loan. If you’re in the market for a car loan, you may be wondering what credit score is needed to get a good…
It’s not impossible to get a loan with no credit, but it may be more difficult than if you had good credit. Here are a few tips on how to take out a loan with no credit. Checkout this video: Introduction If you’re looking to take out a loan but don’t have any credit, you…