When to Choose Between Short-Term or Long-Term Loans
There are important differences between short-term and long-term business loans to keep in mind.
READ THE STORY
Loans & Lending
Information to help you make the right choice for your business – from understanding your options for financing to choosing the best lender for you
RECENT
What Loan Recasting Is and When it Makes Sense
Recasting a personal or small business loan is when a borrower makes a lump sum payment (curtailment) toward their loan’s principal balance. The lender then recalculates the monthly payments based on the new, lower balance while keeping the same interest rate and terms. By reducing the principal owed, the borrower frees up future cash to… Read more »
READ THE STORY
How to Borrow Money from Your Own LLC Without Tax Penalties
How can I borrow money from my LLC and not be subject to tax penalties? We break it down.
READ THE STORY
The 5 Step Underwriting Process for Business Loans
The underwriting process for a business loan can be done in as quickly as 24 hours1 and follows a five-step process where: The borrower submits an application online, or at a banking center if it is with a traditional bank, with the documents required. A loan specialist reviews the documents for accuracy and authenticates them… Read more »
READ THE STORY
Personal vs. Business Credit Score and When They Matter
Your business credit score is not the same as your personal credit score — but both may be important if you want to secure business financing.
READ THE STORY
