A business loan offers funding that small businesses need to make strategic purchases to boost growth. Small businesses can choose from many types of business loans, including term loans and lines of credit. According to the Federal Reserve’s 2023 Report on Employer Firms, business lines of credit and business loans are the top financing sources that employer-based businesses apply for. Forty-three …

Business loans can be used for a variety of expenses, including everyday operations, inventory or for major purchases like equipment or real estate. In 2022, most businesses seeking funding did so to meet operational costs and expand the business, according to the 2022 Small Business Credit Survey. But whatever you need funds for, a small business loan can help  — if you can get the …

If you’re considering using online loan services, you may be wondering what’s true and what are myths about online payday loans. It’s understandable to want to protect yourself and apply for online loans safely. At Lending Bear, we offer state-licensed and highly reputable online payday loan services. We’re also loan experts, and in this guide, we’ll dispel 5 common myths …

Bankruptcy is a drastic action but a viable solution for certain types of financial peril. However, misconceptions about bankruptcy abound. Filing for personal bankruptcy does not always mean that someone cannot resist the temptation of credit cards. Many people will file for bankruptcy for other reasons. Here’s a look at five myths surrounding consumer bankruptcy. People Who File for Bankruptcy Are …

For many homeowners, the concept of a “prepayment penalty” is odd. Why should you be penalized for paying a loan early? Well, that’s the thing about mortgage loans: Many of them surprisingly come with prepayment penalties, which limit your flexibility and can take a bite out of your wallet – just for trying to do the right thing for your …

8 Strategies That Will Quickly Get You a Better Credit Score Your credit score is one of the most important measures of your financial health. It tells lenders at a glance how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or new lines of credit. A higher credit score can …