What affects the cost of a loan?

The cost of the loan is the main thing everyone pays attention to when borrowing money. Yet, the majority mistakenly assumes that the cost of the loan equals the interest rate. It turns out that the total (the final) cost of a loan is comprised of several elements along with the interest rate. Each elementContinue reading

Venture capital

A bank loan or Venture capital? Make your wise and reasonable choice!

Small businesses rarely thrive without outer funding and financial help from investors. The first thing a business owner does after developing a business plan is going to the bank. Getting a small business loan is not a challenge if the borrower has excellent credit history and high credit score. The question is – what isContinue reading

Bad vs good

Good Loan vs Bad Loan – How to Discern?

Loan is a part of a person’s life nowadays. We take loans for education, purchases, business and other purposes. However, there are always good loans and bad loans. Let’s consider features of good loans: it improves your financial position; payments for debt interest correlate appropriately with your income. Now let’s consider features of bad debts:Continue reading

Business loans you have probably not heard about!

Applying for conventional business loans could be quite challenging at times. There are tons of criteria which your potential lender evaluates before making a decision about your trustworthiness. Often, when you have not high enough credit score you could be rated as a subprime borrower which means your percentage rate will be higher than youContinue reading

Debt Consolidation   

Debt consolidation: how it works and who can use it

Having several consumer loans can turn into a real burden, draining you not only financially but also psychologically. Every month you have to calculate different fees to pay, keeping in mind repayment dates, so sooner or later an irresistible wish to start everything from the clean slate appears. This is where the debt consolidation comesContinue reading

Small Business Loan Application Form

How to get a bank loan for a small business

Startups and small businesses always require proper operational and strategic funding. The majority of banks in the US offer special types of loans for those who start a business and we are here to guide you through all the stages of getting a loan: from applying, to choosing the best terms of repayment. Anyway, choosingContinue reading