Category Archives: Small Business Loans

How is a line of credit different from a loan?

Many consumers looking to borrow money wonder whether they should go with a personal loan or a line of credit. While both lending products have similarities, the way they work is quite different. A line of credit is seen as … Continue reading

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How Does a Bank Verify Employment?

When you apply for a mortgage or another type of loan, the lender will typically need to verify your employment before they can approve you. Along with contacting your current employer, lenders will also want to verify any documentation you … Continue reading

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How Do You Qualify for a Small Business Loan?

You’ll need capital to cover expenses like product inventory, payroll, insurance and advertising when starting a small business. While drawing money from your personal savings is an option, most entrepreneurs lack the cash on hand to launch their business. Thankfully, … Continue reading

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How Many Years Should You Keep Your Bank Statements?

Storing financial documents can become a burden for someone who isn’t properly organized. However, keeping financial documents is incredibly important, especially way after you’ve initially received them. Standard rules state that you should keep your financial documents for about 6 … Continue reading

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Deciding which mortgage lender is right for you

A mortgage is a credit facility that is used to buy a house. Many people opt to secure a house through a mortgage loan instead of renting. In this type of loan, the house is registered with the lender’s name. … Continue reading

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