Information to help you make the right choice for your business – from understanding your options for financing to choosing the best lender for you
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 »
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How can I borrow money from my LLC and not be subject to tax penalties? We break it down.
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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 »
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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.
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Curtailments in a business loan are prepayments a borrower makes to a lender to: Lower their interest payments and save money Decrease the amount of time they have the loan so they can raise their business credit score faster Free up cash flow for the future sooner Decrease the total debts owed so they can… Read more »
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