An unsecured business line of credit is a way for business owners to borrow money without having to commit to a specific loan term or amount or offer up collateral. The business gets approved for a certain credit limit with the option to borrow as much as you choose and as often as you’d like, as long as you stay within the pre-approved credit limit.
Flexibility makes unsecured lines of credit a popular option, but requirements will vary between the banks, credit unions and online lenders tha...
Small Business Administration (SBA) loans are popular for their relatively low interest rates, high loan amounts and flexible uses. But getting approved for SBA loans can sometimes be more complex than getting approved for other types of small business loans.
The COVID-19 crisis has caused millions of Americans to take a fresh look at their personal finances. People are saving more money, paying off debt, and building a foundation for a stronger financial future. Here are five steps you can take, starting today, to keep your personal finances afloat.
The Fourth of July is an occasion to celebrate America's independence and the freedoms that we enjoy as citizens of this country. But in “the land of the free and the home of the brave,” many Americans are struggling from a lack of financial freedom, and suffering from the fear and anxiety of not having enough financial security.
What if this holiday could become a new occasion for people to declare their own independence and achieve a new birth of financial freedom?
Father’s Day is an occasion for celebrating all of the wonderful dads in our lives. But instead of buying your dad a gift that he doesn’t really need and might not even want (a necktie? with a matching face mask? another pair of socks?), why not give the gift that every dad secretly craves: a sympathetic ear for his hard-earned advice?
Both the high school and college Class of 2020 are graduating into a moment of unprecedented crisis and uncertainty, marked by systemic failures, human suffering and economic damage. So many aspects of everyday life have been suddenly cast into doubt. Fortunately, there are some timeless pieces of advice—for your money, your career and your life—that the Class of 2020 can still use to guide your decisions.
Every business owner needs to consider buying business liability insurance. Business liability insurance can help protect your business from certain risks and significant costs of being sued as a result of doing business. Even if you are a solo entrepreneur or small business owner with only a few employees, there are several reasons why business liability insurance is a good investment to help your business avoid catastrophic costs and legal vulnerability.
With Medicare Advantage, you still get the same benefits as Medicare Part A and Part B, but you can also get additional coverage like Part D prescription drug coverage as well as extra services like dental, hearing and vision benefits that aren't included with Original Medicare.
Medicare doesn't cover 100% of health care costs. Most people, even those who are generally in good health, will have some out-of-pocket costs, such as deductibles, copays or coinsurance. Fortunately, you can buy additional insurance called Medigap that cover the "gap" between Medicare and your extra costs.
Natural disasters are likely to become more severe (and expensive) in the future. Make sure your insurance covers your home's full replacement cost.
More than 26 million Americans have lost their jobs due to the coronavirus crisis, as hundreds of thousands of businesses have been forced to close or cut back on their hours and operations. Here are three of their stories, with tips you can use to navigate filing for unemployment.
Earlier this year, the federal government made a rule change that may affect the way you use your savings or money market account. Regulation D is a federal banking rule that affects how banks and credit unions are able to classify certain types of bank accounts. On April 24, 2020, the Federal Reserve Board announced changes to Regulation D that have the goal of making it easier for people to access their savings deposits without penalty...
For parents who want to teach their kids about money and financial literacy, one of the best things to do is to help your child open a savings account. Many banks and credit unions offer special savings accounts for kids that can be opened under the child’s name.
Opening a kids’ savings account can help your child learn more about managing money, saving for the future and other aspects of personal finance, starting from a young age.
If you’ve ever had a bad experience with a bank, credit card issuer or mortgage company, if you’ve ever been discriminated against when applying for credit or if you’ve ever been victimized by financial fraud or abusive practices, you should know about the Consumer Financial Protection Bureau (CFPB). This federal agency is intended to be a watchdog for consumer rights and to help protect people and their money from deceptive or unfair practices by financial services companies.
Sometimes in life, we all need a second chance. What if you could get a fresh start at rebuilding your banking history? If you’ve ever had trouble getting a bank account due to your negative banking record, “second chance” banking can help put your financial life back on the right track.