The Paycheck Protection Program (PPP) loan is a government-backed loan designed to help small businesses keep their employees on the payroll during times of economic hardship. The program was created in 2020 in response to the COVID-19 pandemic, and it is currently set to expire on March 31, 2021. However, there is talk of extending…
If you’re considering taking out a personal loan, you’re probably wondering what credit score you need to qualify. Here’s what you need to know. Checkout this video: Introduction When you’re considering a personal loan, one of the first things you’ll want to know is what credit score you need to qualify. The answer, though, isn’t…
If you’re wondering why your SBA loan was declined, there could be a few reasons. In this blog post, we’ll go over a few of the most common reasons for loan denial and what you can do to improve your chances of getting approved next time. Checkout this video: Reasons for Loan Decline One common…
If you’re looking for your student loan account number, there are a few places you can look. Here’s a step-by-step guide on how to find it. Checkout this video: Introduction Your loan servicer is the company that handles the billing and other services for your student loan. If you have a Federal Direct Consolidation Loan,…
If you’re thinking of applying for a small business loan, you’re probably wondering what kind of information you’ll need to provide. Here’s a quick rundown of the must-have items you’ll need to get started. Checkout this video: Types of small business loans There are many types of small business loans, each with its own requirements…
Check out this blog post to find out how much you can get from a PPP loan . Checkout this video: What is a PPP Loan? A PPP loan is a loan that is forgiven if you spend the money on approved expenses. You can use the loan for payroll, rent, mortgage interest, and utilities….
The loan amount is the amount of money you are borrowing from the lender. It is important to know the loan amount so that you can budget accordingly and make sure you will be able to repay the loan. Checkout this video: Introduction The loan amount is the amount of money that you borrow from…
If you’re looking to take out a large loan, there are a few things you need to know. Here’s a guide on how to get a big loan. Checkout this video: Introduction Many people think that they need to put down a huge down payment in order to get a big loan. However, this is…
A purchase money loan is a loan in which the proceeds are used to finance the purchase of property. The property itself serves as collateral for the loan. Checkout this video: What is a purchase money loan? A purchase money loan is a loan that is used to finance the purchase of an asset, usually…
The principal amount is the initial sum of money borrowed in a loan. It’s the starting point for all the calculations that go into figuring out your loan’s interest rate and monthly payments. Checkout this video: Introduction In finance, the principal is the amount of money that is borrowed or invested, not including any interest…