Category Archives: Small Business Loans

How does a small business loan work?

Everything You Need To Know About Small Business Loans At the beginning of a business’s life, the owner will likely need a loan to turn their ideas into something tangible. A person may need equipment, a building, or vehicles to … Continue reading

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What can be used as proof of income?

When you apply for a loan, whether it’s a car loan, a mortgage or a personal loan, the lender generally will require you to show proof of income. The lender does this because it wants to be sure you can … Continue reading

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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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