What’s the difference between an Interest Rate and The APR?

When you shop for a loan, you will typically see two rates, the interest rate and the annual percentage rate (APR). If you don’t clearly understand the difference between the two, you won’t understand the difference between what you are paying in interest and the true cost of the...

How the ‘Golden Age of Financing’ Can Help Your Small Business

A new generation of innovative capital providers has ushered in a Golden Age of financing for small businesses. Today’s entrepreneurs can select a finance provider, choose an application process that meets their needs, and specify a repayment schedule. This is a welcome...

3 Ways to Get Your Small Business Clients Ready for Financing

Research by the Federal Reserve has found that accountants are among the top sources of financing advice for small business owners. It has also found that for many, searching and applying for funding is a frustrating process. For example: Businesses spend on average 26 to 33...

The Beginner’s Guide to Small Business Loan Rates and Fees

When shopping around for small business loans, most people ask themselves a few important questions. How much money can you get? What’s the interest rate? How long will you have to repay what you’ve borrowed? But there’s another question that everyone should ask before accepting...
Posted On 22 Dec 2016