How to Calculate Interest Rates on Loans If you’re looking to take out a loan, you’ll want to know how to calculate the interest rate. This guide will show you how to do it. Checkout this video: Introduction Interest is what you pay for the use of someone else’s money. When you take out a…
If you’re one of the many small business owners who took out a PPP loan to help get through the pandemic, you may be wondering about loan forgiveness. Here’s what you need to know about how to get PPP loan forgiveness . PPP Loan Forgiveness’ style=”display:none”>Checkout this video: What is PPP Loan Forgiveness? The Paycheck…
Check the status of your SBA loan by following the simple steps in this blog post. Checkout this video: SBA Loan Basics The first step in checking the status of your SBA loan is to contact your lender. What is an SBA loan? The U.S. Small Business Administration (SBA) is a federal agency that provides…
APR is the annual percentage rate of interest that is charged on a loan. It is important to understand what APR is when taking out a loan so that you can make an informed decision about which loan is right for you. Checkout this video: APR Basics APR stands for Annual Percentage Rate and represents…
The Paycheck Protection Program (PPP) loan is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Checkout this video: What is the PPP Loan? The PPP loan is a government-backed loan that helps small businesses keep their workers on the payroll during the coronavirus pandemic. The…
Everything you need to know about loan officers – what they do, how they can help you, and where to find the best ones. Checkout this video: What is a loan officer? A loan officer is a professional who helps people secure loans from banks or other lending institutions. Loan officers typically work for banks,…
If you’re thinking of building a home, you may be wondering how a construction loan works. Check out this quick guide to learn the ins and outs of construction loans so you can make an informed decision. Checkout this video: What is a construction loan? A construction loan is a short-term loan—usually about a year—used…
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 through the process. Checkout this video: SBA Loan Application Portal The SBA is now accepting applications for the Paycheck Protection Program through their new online loan application portal. This online…
An unsecured loan is a loan that is not backed by collateral. These types of loans are also called signature loans or personal loans. Unsecured loans are riskier for lenders than secured loans, such as mortgages or car loans, because they are not backed by collateral. This means that if you default on the loan,…
If you’re considering taking out a title loan, you may be wondering how they work. In this post, we’ll explain what a title loan is and how it works, so you can make an informed decision about whether or not it’s the right financial option for you. Checkout this video: Introduction A title loan is…