Kevin Dietsch/Getty Images President Donald Trump’s Small Business Administration (SBA)’s nominee for administrator, Kelly Loeffler, was voted in 52-46 by the Senate on Feb. 20, making her the head of an administration that sees over $50 billion in loans, disaster relief, surety bonds and other forms of funding for small…
Key takeaways You can find equipment loans from traditional banks, online lenders and even equipment manufacturers in some cases SBA 504 loans are an option if you’re looking to apply for an SBA loan for an equipment purchase If you can’t get approved for an equipment loan or need an…
Homeowners insurance is a no-brainer for people who purchase a property. In fact, if you finance a home, your lender will likely make it a condition of loan approval. But what about renters? You may or may not be required by a landlord to have similar coverage. Even if your…
Stock charts and their accompanying data can appear complex and may be difficult to understand for new investors. The good news is that with a little help, these charts — and the information they contain — can be useful during your research process to more easily identify attractive investment opportunities.…
Personal Finance
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
The Covid pandemic crushed immigration and demand for Nova Credit’s tech. Then its founder discovered a second line of business.…
A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
Featured Articles
Slashed rates. Discounts on future purchases. Speedy delivery. No, these are not the promises of an auto dealer or eager e-retailer start-up. They’re coming from mortgage lenders. The incentives reflect the harsh reality of the residence-financing scene. Since 2021, mortgage rates have more than doubled.…
Dept Managmnt
Key takeaways Governments often borrow money to cover deficits when taxes and other revenues don’t cover expenses. The national debt is the total…
Banking
F or private financial technology companies, last year was a quiet one for fundraising. Fintechs raised $34 billion in 2024, down from $42…
Credit Cards
Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Phynart Studio/GettyImages It’s tax season again. If you want to file your taxes accurately, quickly and with as little stress as possible, you’ll want to choose tax software that suits your needs. With Cash App Taxes, you can file your federal and state tax returns without paying a cent —…
When you’re in the process of getting a mortgage and closing on a house, you’ll want to avoid making any major changes to your finances. That’s because doing so could impact your credit score and your chances of loan approval, potentially derailing your home closing. Here are some tips to…
Key takeaways Cellphone providers typically don’t report your on-time bill payments to the credit bureaus, but they may report negative information like missed payments. There are ways to get credit for cellphone payments, such as signing up with a third-party service that reports to the credit bureaus. Consider other options…
StefaNikolic/Getty Images Key takeaways LendingClub may be best for debt consolidation, as there’s an option to schedule direct payments to creditors. Prosper could be better if you have fair credit and want to shop around in one sitting to find the best deal. Both share many similarities, so get prequalified…
Key takeaways Building home equity can not only be a reliable way to create wealth but can also help you maintain the home while you’re living in it. Building home equity generally involves increasing your property’s value or decreasing your mortgage debt, or some combination of both. Increases in home…
AaronP/Bauer-Griffin/Getty Images The Southwest Companion Pass is coveted for a reason — it lets you bring a companion for free on any flight. You usually have to earn 135,000 Rapid Rewards points or fly 100 qualifying one-way flights in a calendar year to get it. But from Feb. 4 through…
Key takeaways Avant is a good choice for lower potential fees. Upstart has a low starting APR but only if you are able to qualify. Both lenders offer prequalification to check your rates. Avant and Upstart are online lenders with more flexible credit requirements to help you access the funding…
Loan forgiveness is available A portion of the money can be allocated for home improvement projects Money can be used on existing single-family homes, condos and townhouses Cons: Must purchase a primary residence within the city of Portland Must be a first-time home buyer Must be working with a Homebuying…
Are you carrying a high balance in your business checking account? Your small business might be holding on to cash due to receiving a shareholder investment, closing a large sale, saving up for an equipment purchase or acquiring a small business loan or grant. The best use of your cash will…
A profit-sharing plan is a defined contribution retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll, with the firm’s employees. The employer can decide how much to set aside each year, and any size employer…