How are business amount and interest rates determined?

For many borrowers, the factors that determine a bank's interest rate are a mystery. How does a bank decide what rate of interest to charge? Why does it charge different interest rates to different customers? And why does the bank charge higher rates for some types of loans, like credit card loans, than for [...]

By | May 8th, 2017|Categories: Loan|Comments Off on How are business amount and interest rates determined?

How long should you expect for a home loan approval?

Ownership of one’s own property/house has, however, become quite an achievable target and the dream since the very availability of loans for homes. However, After going through the lengthy process of choosing a home, a person, however,  looks out for a financial backing that is thus provided by the various banks in the form [...]

By | May 2nd, 2017|Categories: Loan|Comments Off on How long should you expect for a home loan approval?

5 tips to get a good interest rate for small business loan

A good interest rate on a small business loan would, however, be largely be based on the credit score of the business or the business owners. While the limits and the terms can always be based on the income or the revenue, the interest rate is however typically largely based on the credit score. For that [...]

By | May 2nd, 2017|Categories: Loan|Comments Off on 5 tips to get a good interest rate for small business loan

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 [...]

By | May 1st, 2017|Categories: 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 [...]

By | April 27th, 2017|Categories: 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. [...]

By | April 25th, 2017|Categories: Uncategorized|Comments Off on Small Business Funding Options during a Slow Economy