What do to With a Surplus of Cash in Your Small Business

A cash surplus is the cash that exceeds cash required for daily business operations. How you handle your cash surplus is just as important as the management of money into and out of your cash flow cycle.  Two of the most common uses of extra cash are:

Paying down your debt
Investing the cash surplus
 
Paying down debt is generally the first option considered…

Are Bankruptcy Personal Loans Possible?

This is more complicated than a yes or no answer - though the answer is yes. Bankruptcy personal loans are possible but they won't be easy to get and you may be limited to the same type of bad credit personal loan that other borrowers are able to find. There are many factors which contribute to having bad credit, and a bankruptcy is just one type of event that can lower your credit score.
 
Why…

What is an installment loan?

An installment loan is a long-term loan, usually due in small installments spread out over several weeks.  Under an installment loan, the lender gives the borrower a certain amount of credit. Unlike payday loans, which usually need to be repaid within 14-31 days, an installment loan is paid out in monthly installments over the course of several months.
 
To avoid the interest…

Can I get a personal loan while unemployed?

Borrowers can get a personal loan while unemployed, but it highly depends on the lender’s discretion. When lenders decide if a borrower is a suitable applicant, the likelihood of repayment is paramount. Lenders scrutinize a borrower’s income, and a job is part of that stable income history.
 
Ron Suber, head of global institutional sales for 

How do I reduce my business loan payments if my business is struggling?

There are several ways that business loan borrowers can reduce their payments if their business is struggling. Businesses have been intensely competing in the ongoing recovery, making business loan repayment a sometimes difficult feat.
 
Borrowers should try to stretch out amortization if they are having trouble with the business loans they borrowed thus exteding the payment…

Can I get a business loan if I am still in college?

Yes, you can get a commercial loan if you are still in college!  However, you will need to put some work into it since there are a few obstacles that young borrowers—like college students—specifically face.
 
“College students face the triple hurdle of insufficient credit history, low collateral, and if they have student loans, high current debt load. This makes them a…

Can I defer a payday loan?

It is usually possible to defer a payday loan. Unfortunately, though, not all lenders allow their borrowers to delay payments on their short-term loans. In order to defer debt, payday loan borrowers should read their agreement. Different companies have different policies. While most allow some form of deferment, some completely omit an option for customers that want to delay a payment.
 
If…

Which loan should I pay off first?

If you’re struggling under multiple kinds of debt, the best strategy is to assess your financial situation and develop a plan to pay off each loan. Individuals with serious debt problems should focus on four kinds of financial obligations: basic necessities, secured debt, unsecured debt, and savings.
 
Basic necessities
 
Food, clothing,…