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Latest Business News

What is the average small business loan amount?

Key takeaways The average small business loan amount is $663,000, according to the Federal Reserve For fiscal year 2023, the…

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Alternatives to fast business loans

Key takeaways Fast business loans are convenient, but they may come with high rates and fees and may not offer…

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Pros and cons of working capital loans

Key takeaways Working capital loans are a type of short-term business loan that can help businesses cover immediate costs like…

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How to refinance a business loan: 6 steps

Key takeaways Refinancing a loan involves getting a new loan to pay off an old debt If you have multiple…

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Where can I get an LLC loan?

sturti/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways LLC business loans are available from traditional lenders, online lenders or the…

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Equipment leasing vs. financing

Key takeaways Equipment loans may have specialized terms and loan amounts over traditional business loans Equipment leases can be a…

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Small business financing: Your options

Key takeaways Small business financing isn’t limited to traditional banks Online lenders provide accessible and fast loans compared to traditional…

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SBA loan guide: Everything you need to know about SBA loans

Key takeaways SBA loans have set maximum interest rates, making them a flexible and affordable business lending option. It can…

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How to get a business loan in 6 steps

Key takeaways The type of business loan you choose depends largely on why you need the loan and what you’ll…

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What is a factor rate and how to calculate it

Key takeaways Factor rates are a fixed fee multiplied by the entire loan up front, which means that you’ll pay…

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