By Ben Luthi Getting funding as a new business owner can be incredibly difficult. Unless you have strong revenues and a few years in business under your belt, you’ll have a hard time getting traditional business financing. What’s left mostly includes expensive short-term loans. But one other option you might consider is a personal loan. If […]
Spreading the word that you’re considering a loan for your business can be met with all kinds of opinions. From general naysayers to cautionary anecdotes, everyone you meet will have a story as to what might happen if you take out a loan to start or expand your business venture. While it’s true that not […]
BY JUSTIN PRITCHARD Many people use debt to fund purchases they would not otherwise be able to afford, such as a home or a car. While loans can be great financial tools when they are used properly, they can be great adversaries as well. To keep from taking on too much debt, you should understand how […]
Personal loans are borrowed money that can be used for large purchases, debt consolidation, emergency expenses and much more. These loans are paid back in monthly installments over the course of typically two to six years, but it can take longer depending on your circumstances and how diligent you are with making payments. Here are […]
BY JUSTIN PRITCHARD A personal loan is a lump sum of money borrowed from a financial institution that can be used for almost any purpose. What Is a Personal Loan? A personal loan is a loan you qualify for based on your credit history and income. Personal loans are sometimes called signature loans or unsecured loans because there […]