When considering the affordability of a business loan, borrowers often focus heavily on interest rate. While your rate impacts your payments, another factor has a more immediate and significant impact—and it’s often overlooked: the term. Your loan term, or the amount of time you have to pay your loan back, directly impacts how much of your loan you repay each month. Here’s what you need to know
When you need financing, it’s important to find a lender you can trust. This is especially true during challenging times, when a working capital loan can provide you financial peace of mind. Lenders who prioritize your needs–like BHG–understand the challenges you’re facing and can help you capitalize on the opportunities you’re pursuing. How can you be sure that your financial partner has your back? Here’s what to look for: They listen
For many healthcare providers, adapting to serve patients during the coronavirus pandemic meant temporary fixes and workarounds. However, there are some new systems that, if implemented permanently, can provide value even after this crisis is over.
Your credit score is an indicator of your financial power. It’s used by lenders and creditors of all kinds to determine your creditworthiness, likelihood to repay debts, and overall money management skills. Having a strong score is especially advantageous during times of economic uncertainty, when you may need fast access to capital to cover unforeseen expenses or supplement cash flow if revenue generation is
When it comes to taking a business loan, many people focus primarily on their interest rate. In reality, the “term”, or amount of time you have to pay back your total financed amount, is what can really have a profound impact on the month-to-month affordability of your loan. Spreading your loan repayment out over a longer period has many immediate advantages as well as benefits that you’ll feel over time. Here are
Taking out a loan is a major financial decision. Finding the right partner–as well as the right loan–is critical for ensuring that you’re getting everything you need out of a financial solution. Especially when considering a loan for your business, there are several important questions that you should ask when vetting a potential lender. Read on to see
Taking out a loan in order to save for the future might seem counterintuitive. However, this strategy could be highly beneficial for you, whether you’re focused on strengthening your personal financial standing or ensuring the success of your business or career.
Nearly 75% of Americans currently carry some kind of debt, whether it be through credit cards, car loans, mortgages, etc. With saving and spending patterns varying greatly from generation to generation, it may be difficult to understand how debt affects your financial health, and if you’re carrying too much. Here are 4 signs to look for:
As a busy professional, the last thing you should worry about when applying for a loan is the negative impact it’s going to have on your credit score. Whether you’re looking to consolidate debt, take advantage of a business opportunity, or simply improve your cash flow, the only thing you should be focused on is how quickly you can get the funding you need. But if the lender you’re
There are many different reasons why you might take out a loan. You want to consolidate debt. Increase cash flow. Start a new business. Or even take control of your personal expenses. For every “use of funds” out there, is a lender who offers a slightly different solution to help you achieve your financial goals. That’s why it’s important