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3 important facts of getting a first time business loan

The entrepreneur might, however,  have a great idea for a new business that would, however, be a huge success, but getting a first-time business loan is also no small feat. The start-up costs of a business are however considered as a huge obstacle for the entrepreneurs with a little amount of cash. The borrower must however be prepared to demonstrate to a lender that the borrower is a credit worthy and he must also be prepared to run a successful business. There are also [...]

By | 2017-11-03T09:00:05+00:00 May 1st, 2017|Loan|Comments Off on 3 important facts of getting a first time business loan

When can one claim tax benefits under business loans

Business owners generally enjoy several kinds of benefits when they opt for an institutional loan. The money may, however,  be used for various kinds purposes, such as for the purpose of working capital, inventory, and equipment. Borrowers however also have a  flexibility in repaying the loan as per the cash flow in order to ensure that there is no kind of stress while they are servicing of the borrowed amount. The loan repayment however generally affects the monthly and the annual [...]

By | 2017-11-06T07:53:17+00:00 April 27th, 2017|Loan|Comments Off on When can one claim tax benefits under business loans

Small Business Funding Options during a Slow Economy

Despite the economic recession and money becoming increasingly scarce, small business funding is still possible for the businessman if he knows where and how to obtain it. Before the entrepreneur begins, he should explore the possibility of self-funding his business by funding a part of the personal savings, instead of searching for the outside lending agencies. Before he considers that, he must be sure to seriously consider whether this type of personal risk is worth taking.  Before investing the personal savings, the borrower [...]

By | 2017-11-03T10:34:35+00:00 April 25th, 2017|Uncategorized|Comments Off on Small Business Funding Options during a Slow Economy

How to get a home loan approval?

While one had dreamed of a beautiful home it is, however, important for one to plan the finances before hand and home loan thus plays an important role in the plan in order to purchase a property. Home Loans can thus be availed at an attractive rate from the banks and also other financial institutions. It is, however, important for one in order to analyze the credit worthiness when one plans to apply for a home loan. The application for a [...]

By | 2017-11-03T10:45:03+00:00 April 25th, 2017|Loan|Comments Off on How to get a home loan approval?

Credit score effect on Home Loan

If one wants  a home loan, the  credit history is going to be one of the most important factors in order to determine the interest rate and the  borrowing terms. It’s thus  easy to see why: When the borrower is hoping to get credit—and that includes a mortgage—the higher the  score is, the better off the borrower is  likely to be. Several things influence the  mortgage and its interest rate, including where the home is and the type of loan which the [...]

By | 2017-11-03T11:16:13+00:00 April 24th, 2017|Loan|Comments Off on Credit score effect on Home Loan

Why taking a personal loan to pay off other debts is not a bad idea either?

Your bills are sitting there on the counter, glaring at you. You keep on ignoring them for months and months, trying to find a solution to lower your debts. But all you see is them growing like a weed and putting an added pressure on your shoulders and you would love to get rid of this weed; this added pressure on your shoulders, for no one likes that sort of pressure in any way. You have all the good intentions but [...]

By | 2017-11-03T11:35:25+00:00 April 17th, 2017|Loan|Comments Off on Why taking a personal loan to pay off other debts is not a bad idea either?