SBA loans are a great option for small businesses looking for financing. But how do you qualify and what do you need to do to get one? Read on to find out. Checkout this video: What is an SBA Loan? The U.S. Small Business Administration (SBA) is a federal agency that provides support to small…
If you’re in the market for a new car, one of the first things you’ll need to do is get preapproved for a loan. Here’s how to do it. Checkout this video: Get a copy of your credit report You can get a free copy of your credit report from each of the three major…
How Does a Loan Work? We take a look at the ins and outs of loans and how they can help you with your finances. Loan Work?’ style=”display:none”>Checkout this video: Introduction A loan is a sum of money that is given to someone with the agreement that they will pay it back, usually with interest….
If you’re wondering how long it will take you to pay off your loan , there are a few things to consider. First, the size of your loan will play a big role in how long it takes to pay it off. Secondly, the interest rate on your loan will impact how quickly you can…
A 401k loan is a loan that is taken out against the funds in your 401k retirement account. If you leave your job, you will have to pay the loan back with interest. Checkout this video: Introduction A 401k loan is a loan that allows you to borrow money from your own 401k retirement savings…
A Loan Signing Agent is a professional who completes loan documents for borrowers. This individual must be impartial to ensure that both the borrower and the lender understand all terms of the loan agreement. Checkout this video: Introduction A loan signing agent is a notary public who is specially trained to handle and notarize loan…
A DSCR loan is a type of loan that is typically used by businesses to finance their operations. The loan is based on the business’s ability to generate enough cash flow to make the loan payments. Checkout this video: Introduction DSCR stands for Debt Service Coverage Ratio. It is a loan that is used to…
You can trade in a car with a loan by following these simple steps. First, find out the Kelley Blue Book value of your car. Then, use that value to negotiate the price of your new car. Finally, get pre-approved for a loan from a bank or credit union. Checkout this video: Research the car’s…
How to Take a Loan from Your 401k If you’re in need of some quick cash, you may be considering taking a loan from your 401k. But before you do, there are a few things you need to know. Here’s a quick guide on how to take a loan from your 401k. Checkout this video:…
A bridge loan is a short-term loan that is used to provide financing for an individual or business until permanent financing can be obtained. Checkout this video: What is a Bridge Loan? Bridge loans are temporary loans, usually secured by your existing home, that bridge the gap between the sales price of a new home…