Debt consolidation takes your outstanding debt and any loans you might have and rolls them into one larger loan, thus leaving you accountable to only a single creditor. In this way, you do not have to remember to pay multiple payments each month, plus you may be...
Debt-to-income ratio, or DTI, shows how much of your small business’s monthly earnings repay your existing debt. Essentially you can understand the debt-to-income ratio as monthly debts divided by monthly gross income. Depending on where this falls as far as...
Thousands of businesses file for bankruptcy every year. Often this is due to unavoidable industry circumstances, and other times, it’s due to a business’s mismanagement of its spending. Understanding your debt and how to manage it is critical to the...
There are many factors that lenders look at closely upon evaluating whether or not you qualify for financing. Five key elements, or the 5 C’s, weigh more heavily than other pieces of your application. Let’s discuss those 5 C’s so you can be better...
There are several types of small business loans available for many uses. A small business loan can cover equipment, inventory, payroll, or simply provides the working capital you need to keep your business running. These affordable and flexible financing programs have...
