If you’re considering taking out a business loan , it’s important to understand how they work. In this blog post, we’ll cover the basics of business loans , including how they’re typically structured and what you can use them for. Checkout this video: How a Business Loan Works There are two types of business loans:…
If you’re shopping for a car loan, you may come across the term “pre-approved.” But what does pre-approved for a car loan mean? In this article, we’ll explain what it means to be pre-approved for a car loan and how it can help you get the financing you need. Checkout this video: What is a…
Many small businesses have applied for and received funding through the Paycheck Protection Program (PPP). If you’re a QuickBooks Online user, you can follow these instructions to record your PPP loan in QuickBooks. Checkout this video: Introduction The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed by Congress and signed into law…
FHA loans are a popular choice for first-time homebuyers and those with limited credit history or lower credit scores. But what credit score is needed for an FHA loan? Checkout this video: Understanding FHA Loans FHA loans are government-backed mortgages that are popular with first-time homebuyers and people with low credit scores. The minimum credit…
A loan subordination is when a lender agrees to allow another lender to have a higher priority claim to the borrower’s assets in the event of default. Checkout this video: What is subordination? In a subordinated loan, the lender agrees to rank behind another lender in the event that the borrower defaults and the company…
How long does it take to get approved for a loan? The answer depends on many factors, including the type of loan you’re applying for and the lender you’re working with. Checkout this video: Introduction The process of getting a loan approved can take anywhere from a few days to a few weeks, depending on…
If you’re in the market for a commercial loan, you’re probably wondering what the current rates are. Here’s a quick overview of what you can expect. Checkout this video: Introduction Commercial loan rates are generally higher than the rates you can get on a residential mortgage. That’s because they’re considered more risky. Lenders see businesses…
You’ve decided you want to buy a piece of land, but you’re not sure where to get a loan for it. Look no further! This blog post will tell you everything you need to know about getting a loan for land. Checkout this video: Research your options Before you decide to take out a loan…
You can easily calculate the finance charge on a car loan by following these simple steps. The finance charge is the total cost of borrowing money, and it can be expressed as a percentage of the loan amount. Finance Charge on a Car Loan’ style=”display:none”>Checkout this video: The Basics of a Car Loan In order…
You can use your VA Loan as many times as you want, as long as you qualify each time. If you’re a Veteran and you’re looking to buy a home, you may be wondering how many times you can use your VA Loan. The answer is that you can use your VA Loan as many…