What you need to know about small business loan forgiveness – by Bank of America

Banks are being forced to scale back the size of their loan forgiveness programs to tackle the huge backlog of small business loans.That is the conclusion of the bank’s annual review of the industry, which was published on Tuesday. The review found that in the year to the end of March this year, banks were offering …

How to stop yourself from having to borrow more from banks

Small business loans are becoming the most popular financial lifeline for American workers, with many companies seeing a surge in demand as demand increases for cash.But with many borrowers now facing interest rates that can reach up to 50% of their income, some are now asking for an even more generous offer.Here are three easy …

Business credit cards are becoming a bigger business

Business credit card ideas are growing as more people turn to the financial tool to help them manage their personal finances.The business card industry is now worth $1.6 billion and is growing by 8 per cent a year, according to a recent study by Experian.But the industry still faces a few hurdles.Here’s what you need …

How to get your small business loans covered

Business loans are usually a great way to help your business get out of the bad financial shape that it’s in today.But if you’re looking to secure a small business loan from a larger business, here are the steps you need to take to make sure your loan is covered.1.Read up on your small-business loan …

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