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Keeping Your Employees¶
Employee Feedback As the workforce at your company expands, you'll want to create clear, easy to access avenues for feedback and support. Even if you hire managers to oversee the day-to-day work of your employees, it's often worthwhile to establish a way for employees to communicate with you or oth…
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Funds to Build Your Business¶
The Basics Before you borrow, list your basic business expenses. Each time you expand your business, these costs are likely to increase: Employee salariesRentElectricity, heating, air conditioning, and fuelPaper and other office suppliesPurchasing or leasing operating equipmentDecorating or remodel…
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Documentation for SBA Loans¶
To Meet the Basic Requirements for SBA Eligibility: Be a for-profit business in an eligible industry.Qualify as a "small business" under SBA guidelines.Anyone who owns 20% or more of the business must be a U.S. citizen or legal permanent resident. Needed Documentation The following is a list of the…
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Personal Bankruptcy¶
Understanding Bankruptcy Congress created the Bankruptcy Code, a breakdown of ways a debtor can plan to get out of debt when their creditors are trying to collect. The option to file for personal bankruptcy is there to help a person pay off a large amount of debt when they would otherwise be unable…
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Reasons to Refinance¶
Lower Interest Rate One of the most powerful outcomes of refinancing a loan is a lower interest rate. Whether your credit score has improved since you originally took out the loan or simply because average rates have dropped, if a significantly lower rate is possible, it’s worth looking into. A low…
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When You Can't Afford Your Minimum Payments¶
Time For Action Though it may feel tempting to pretend like your loans or credit cards don’t exist, it’s unwise to hide from debt payments or avoid making them. Doing so makes it harder to get out from under the debt as interest, late fees, and penalties build up. The best thing to do is take actio…
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How to Manage Your Debt: Strategies and Tools¶
Types of Debt While being in debt is never ideal, some types of debt are better than others because of the effect the debt can have on you or your net worth. To reflect this, debt is sometimes broken up into “good debt” and “bad debt.” “Good Debt” is debt that is an investment back into yourself or…
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Best Practices for Using a Credit Card¶
The first step to best using a credit card is to get the right one. That means doing your research. You should consider your spending habits and priorities when it comes to rewards. Are you an avid traveler who wants to earn miles? Or maybe you’d rather just get cashback. If possible, it’s wise to…
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Credit Cards¶
A World of Options Not all credit cards are the same. With traditional credit cards, such as MasterCard, Discover, and Visa, you can charge up to a certain dollar amount, called your credit limit or spending limit. It’s generally between $500 and $10,000, depending on your credit history. You have…
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What a Car Loan Costs¶
The APR The APR (Annual Percentage Rate) is a percentage of the loan principal that you must pay to your credit union, bank, or other lender every year to finance the purchase of your car. This finance charge includes interest and any fees for arranging the loan. The charge gets added to the amount…
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