A bank loan is a type of financial aid that must be repaid with interest. It is usually given to a borrower who has demonstrated the ability to repay the loan in a timely manner. Checkout this video: Introduction A loan from a bank is money that the bank lendsto you. The amount you can…
The U.S. Small Business Administration (SBA) offers a variety of loan programs to help small businesses get the financing they need. But qualifying for an SBA loan can be a challenge. In this blog post, we’ll share some tips on how to qualify for an SBA loan. We’ll cover the basics of what you’ll need…
How to Calculate Loan Interest in Excel – The Easy Way! We all know that loans can be tricky to understand, but luckily there’s a simple way to calculate loan interest in Excel. Checkout this video: Introduction Most loans are structured in such a way that you pay a fixed amount of interest every month…
When you’re taking out a loan, the interest capitalization can have a big impact on the total amount you’ll pay. Here’s how it works. Checkout this video: What is interest capitalization? Interest capitalization is when a lender adds unpaid interest to the principal balance of a loan. This can happen when a borrower makes interest-only…
Find out what credit score is needed for a personal loan. We’ll also give you some tips on how to improve your credit score. Checkout this video: Introduction A personal loan is a type of financing that can be used for just about anything you need, from consolidating debt to funding a major purchase. Because…
Here’s a quick guide on how to find your auto loan account number. We’ll also go over where to find this number if you’re an existing customer. Checkout this video: Introduction Your auto loan account number is a unique identifier that is assigned to you by your lender. It is used to track your loan…
If you’re a small business owner, you may be wondering how to apply for a PPP loan . Here’s a step-by-step guide to help you get started. Checkout this video: Applying for a PPP Loan The process for applying for a Paycheck Protection Program loan is relatively simple and can be done entirely online. You’ll…
If you’re looking to take out a loan for college, there are a few things you need to know. In this blog post, we’ll go over the basics of taking out a loan, including what you need to qualify and how to get the best rate. Checkout this video: Introduction There are a few different…
The deadline for PPP loan forgiveness is December 31, 2020. Borrowers can apply for forgiveness any time after they have used all of their loan proceeds for eligible expenses. Checkout this video: The PPP Loan Forgiveness Application What You Need to Know About the PPP Loan Forgiveness Application The Paycheck Protection Program (PPP) loan forgiveness…
How to Record PPP Loan Forgiveness on Financial Statements. This guide provides information on how to properly record PPP loan forgiveness on your financial statements. Checkout this video: Overview of PPP Loan Forgiveness The PPP loan forgiveness process can be confusing and complicated. You may be wondering how to record PPP loan forgiveness on financial…