Business Loans Eve Bailey.

Slides:

Advertisements

Similar presentations

MY BUSINESS LOAN By Cheyenne McMillin. THE THREE LOAN CHOICES  SBA Business Loan  Start-up Loan  Term Loan.

Advertisements

A good credit score is an important attribute for any individual to have. While you may not want to block yourself into countless loans with high interest.

Banks and Banking October 18, 2011 – Mr. Graboski Aim: What is the Federal Reserve System and what are its functions? Do Now: Write down one question you.

Where do I keep my money?.  Financial Institution – Organization that channels savings to investors.  How does it work? ◦ You deposit money ◦ You get.

Using Credit Wisely Ch. 14. Understanding Costs  Before you can compute the cost of credit, you have to know four things:  The amount you are borrowing.

 Two types of banks – for profit bank and credit unions  Credit unions are local and member owned – not for profit – limited sometimes in services 

Money Matters Personal Financial Management. Why Personal Finance is Important Where are you? Where are you going?

WELCOM E. TO Brief Introduction: * Xenis Infocom has been Designing Lives, Developing Future by offering new and innovative Web services, a wide range.

Balance Sheets By: Cheyenne McMillin. Assets  Cash – what I plan to have saved after one year - $1,000  Accounts Receivable – amount before profit -

 The other way to improve your debt to credit ratio is by increasing your high credit limit by getting a new credit card with a big, fat limit. Sorry,

What is the Right Type of Loan

Cautious Consumers 2015 Educurious Partners--All rights reserved UNIT 3 LESSON 9.

Financing Unit 6.

“ Show Me The Money” - Capital Access

The impact on a business of higher interest rates

How it Works Firm Generates Contract Firm Sends to Client

Business Studies SACE Stage One

Banking, Interest, and Credit

Do Now 12/8/16 1. List the 3 major credit bureaus

1. How do we measure vale and the cash and cash and coins. 2

Quantitative and Scientific Reasoning Project Mathematics in the Real-World: Financial Math Project – Student Loan Budgeting Name Course Lecturer This.

Personal Finance (part II)

The Housing Market Crash 2006 What happened?

Unit 4 - Good Debt, Bad Debt:

The Car Deal Package Take notes Be sure to include all vocabulary

Student Loan Budgeting

Understanding a Credit Card

Savings Plans and Payment Methods

Credit Scores What is a FICO Score??.

PAYMENT SYSTEMS SLIDE 7.

#1 No - Same Day Loans Canada Available for Emergency Needs of

HDFC Bank Mortgage Loans. Compare Mortgage Loan interest rates from top banks and apply online for quick approval of Mortgage Loans through Logintoloans.com.

Indiabulls Mortgage Loans Indiabulls Mortgage Loans.

How to make the most of what you earn…

Unit 4 - Good Debt, Bad Debt:

Second Mortgage in Toronto - Why And How

Introduction to Depository Institutions

Short Term Cash Loans- Get Short Term Loans Online Help With Same Day Approval

Need Cash Quickly, And Looking For Better Option?

Monthly Payment Loans Get approved today Even With Bad Credit Receive your money as soon as now!

Credit Secrets Revealed on Getting APPROVED for Financing

The Forever Loan Shay Flora Math-201.

Alternative Funding Solutions Invoice Factoring A product used for cash flow acceleration NOT a loan Asset for Asset = off balance sheet.

Introduction of the Great Depression

Student Loan Budgeting

Quiz Review What is the monthly periodic rate if a loan has an APR of 15% Barry needed to borrow $12,000 to purchase a used car. The bank said he would.

Chapter 8 Income and Taxes

Student Loan Budgeting

Credit Secrets Revealed on

Personal Money Management

How To Get Introduction To 12 Month Installment Loans Online – 2019?

Getting and Keeping Good Credit

Quantitative Reasoning | Stephanie Groover

Financial Literacy BCS-FL-8

Home loan for $185,000 for 30 years at 8.5%

Average Credit Card Debt Average Minimum Payment

MANAGING HUMAN RESOURCES

Summit Capital Management

Credit Cards What is the difference between the credit cards?

How To Get Easy Loans For Unemployed People?. Reliable online loans provider in the UK An easy and fast loan is one of the leading unemployed loan companies.

Unit 4 - Good Debt, Bad Debt:

Upcoming Payroll Schedule Change

May 10 & 11 Objectives Homework Today’s Agenda

What is Credit? Chapter 25.

Personal Finance Banking and Saving.

$100 $300 $100 $400 $100 $300 $200 $100 $100 $200 $500 $200 $500 $200 $300 $200 $500 $300 $500 $300 $400 $400 $400 $500 $400.

Compute finance charges for installment purchases.

FICO/Credit Score What is FICO/Credit Score?

Entrepreneurship Week 13 Break Even Analysis

Math 201 Student Loan Portfolio Project

Presentation transcript:

Business Loans Eve Bailey

SBA loans Also knows as small business loans They are lower cost and longer term Easier to qualify for than bank loans But harder to qualify for than other lending products Long application and time to funding Average interest rate is 3.26%

Online Term Loans Faster approval rates than banks Easier to qualify for Lower interest rates and longer term Higher costs than SBA or bank loans Higher qualification standards Average interest rate is 4.8%

Short term loans Fast time to funding Suitable for a wide range of banking purposes Easy to qualify for Higher APR’s of longer-term loans Often requires daily payment Average interest rate is 11%

What business loan I picked and why I chose the SBA, or small business loan. The reason I chose this is because I am starting up a small business, so the SBA loan is the most useful. It has a lower interest rate and a longer term to pay the money back.

How the loan affects my monthly profit My business is a salon and my employees don’t get paid a set salary every month. So, it all depends how many clients my employees bring in whether or not my business is still sustainable.