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How SBA’s guaranteed loans are beneficial for small businesses

How SBA’s guaranteed loans are beneficial for small businesses

Running a small business during financially turbulent times can be extremely trying. But, monetary aid, specifically small business loans, can definitely make things easier for both the business and its employees. Funded and guaranteed by the federal government, 7(a) loan programs have been designed by keeping business-owners’ best interests in mind. Here are answers to some commonly asked questions regarding small business loans:

What is an SBA loan?

Loans by the Small Business Administration (SBA) are guaranteed business loans that are given to small businesses by participating lenders. Since these loans are guaranteed by the federal agency, they are much more manageable than those provided by private agencies. SBA loans also have the added advantage of lower interest rates. These loans are available in a broad range in order to suit specific business needs. You can get a loan that ranges anywhere from $500 to $5.5 million to fund your entrepreneurial adventure. Further, the loan can be accessed in the form of fixed assets or working funds.

Types of SBA loans

SBA loans are available in many types. Some of them include—SBA flagship loans, microloans, SBA disaster loans, and 504 loans, among others. Each of these loans comes with different funding criteria.

What makes SBA loans beneficial?

The money for SBA loans is funded by banks, private-sector companies, and other lenders, but the SBA guarantees a portion of these loans, which means that if you fall short on your payment, then the federal agency has you covered. This gives you the flexibility to take the loan for longer periods with lower monthly payments.

What are the eligibility criteria to apply for an SBA-guaranteed business loan?

Needless to say, the SBA has a set of strict standards by which it chooses its borrowers. They have four basic conditions:

  • The owner of the business should have invested their own time and money
  • The business located and operates in the country
  • The business must have exhausted all other financing options
  • The company must be a profit-making one

The guaranteed business loans are also given to businesses based on their income, ownership, and operational area, among other criteria.

How do you apply for a guaranteed business loan with the SBA?

Applying for an SBA loan is rather simple. The process requires you to visit SBA’s official website, where you can access the loan application checklist that contains the list of all the documents that are required to apply for a business loan.

You can also apply for a loan through SBA’s financing platform, which is known as SBA Express. If your credit and financial situation are in order, then the SBA can even fast-track your loan request.

You can also apply for a guaranteed business loan through a bank. But, this would require extensive research on your part to verify which banks are known for processing SBA loans and their terms and conditions, among other details.

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Top automated investing services that make investment easy for all

Automated investing services or Robo advisors are becoming popular by the day, and financial experts around the world only expect to see a surge in their usage. This is because these intelligent services offer one crucial advantage that many investors benefit from: low-cost financial advice. With many top financial services companies jumping in the race to provide customers with the best automated investing services, there are plenty of great options available for every kind of investor.What is a Robo advisor and how much does it cost?A Robo advisor is a digital platform that provides algorithmic-driven money management services that require virtually no human supervision. It does this by collecting client data like financial situation, future goals, and other details through an online survey. This data is then used to automatically manage clients' assets and provide them with the most suitable financial advice. Robo advisors are immensely cheaper than human financial advisors. Most services only charge an annual management fee that is anywhere between 0.25% and 0.5% of the account balance. Depending on your need, you can even find good Robo advisors that offer services free of charge and low minimum balance value. Top Robo advisors in the marketThere are several low-cost Robo advisors that you can choose based on your needs and preferences. Here are some of the best automated investing services or Robo advisors available in the market today.BettermentBetterment is one of the oldest and the most popular players in the industry. It allows clients to invest in a range of funds chosen for you to improve returns. It offers automatic rebalancing, tax-loss harvesting, a personalized retirement plan, and can even sync your outside holdings like bank accounts and any other investments. At extra cost, you can up your investing game by talking to a certified financial advisor on the phone.Management fee: 0.25%Account minimum: $0https://www.betterment.com/investing/SoFI InvestA go-to choice for student loan refinancing, SoFi has now expanded its services into automated investing with its user-friendly investment management system. The company provides goal-based planning, automatic rebalancing, and diversifies your money to help reach your financial goals. Plus, you’ll receive member benefits like career services, discounts on SoFi products, and the opportunity to speak to a human advisor—everything at zero cost. Management fee: noneAccount minimum: $1https://www.sofi.com/invest/automated/WealthfrontWealthfront is one of the largest automated investing companies that offer both short and long-term financial goal planning. Its software builds a diversified portfolio of low-cost index funds to improve your returns and offers time-tested investment strategies that automatically look for profitable opportunities. Management fee: 0.25 percentAccount minimum: $500https://www.wealthfront.com/Charles Schwab Intelligent PortfoliosCharles Schwab is one of the most trusted financial services companies that launched its own Robo advisor that helps build, monitors, rebalances a diversified portfolio based on your goals, and provides 24/7 customer support from US-based service professionals. With Schwab, you are not charged any advisory fee or commission and can invest in a portfolio of low-cost exchange-traded funds (ETFs).Management fee: noneAccount minimum: $5,000https://intelligent.schwab.com/

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Benefits of investing in NNN properties for sale

Long-term investments do not necessarily mean that your money becomes inflexible. Instead, you should invest in such a way that you can generate a steady income. To ensure this, you need to invest intelligently by aligning your portfolio to your investment goals. Furthermore, you need to ensure that your returns outweigh your risks. One of the surest ways to ensure this is by investing in NNN properties that are for sale. Continue reading to know more about NNN properties and benefits of buying them.What are triple net(NNN) properties? NNN properties are pieces of real estate that can be leased to commercial franchises or corporations. Here, the tenants undertake all operational and management responsibilities of the property apart from paying rent to the owner. No investment is risk-free; however, investing in NNN properties has proven to be a highly profitable venture for investors. To invest in NNN properties, you must have an accredited net worth of at least $1 million. This value is excluding the value of their residential real estate or $200,000 in income. Other investors who have lower net worths can invest in NNN properties for sale by investing in REITs or Real Estate Investment Trusts.Benefits of buying NNN properties for sale:Higher returns, little risk NNN properties for sale are one of the most secure investments. If done right, these properties will help you earn high returns with very little risk. Generally, the tenants for these properties are franchises such as McDonald’s and Burger King. The leases on such properties are long term, which further reduces risks as you do not have to worry about new tenants anytime soon. NNN properties are free of expensesGenerally, while leasing NNN properties, the tenant is responsible for all operating expenses such as taxes, insurance, and maintenance. This grants you freedom from making substantial payments, allowing you to divert your money to other profitable schemes. Additionally, you do not have to worry about any sudden expenses and have a steady flow of income. Higher profits, fewer taxes With all operational expenses paid by the residing tenant, an NNN property becomes your profitable passive investment. All taxes such as property taxes, water taxes, and electricity taxes and borne by the tenants. Moreover, you can file for 1031 and 1033 tax-deferred exchange code and get a further tax deduction on your returns.NNN properties allow a diverse portfolio Apart from being a profitable investment, NNN properties also diversify your portfolio. As a seasoned investor, you know the necessity of a diverse portfolio. Not only does it help you earn higher returns, but also can turn into a dependable source of income when the market is underperforming. Moreover, the best part of it all is that it also provides the same benefits as other real estates.

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Hyperkalemia – 10 foods to avoid

Potassium plays a huge role in the health of our heart muscles and nerve cells. And high levels of this element in the blood cause hyperkalemia. If you consume meals high in potassium, your doctor may advise you to decrease portion sizes and concentrate on fruits and vegetables with a lower potassium content. Here is a list of foods rich in potassium that must be avoided if you have hyperkalemia. Yogurt and dairy products A serving of nonfat yogurt weighing eight ounces has roughly 625 mg of potassium, making it one of the dairy aisle’s highest sources of potassium. Even reduced fat milk contains 366 mg of potassium in a glass of cow’s whole milk. Ricotta and cottage cheese are also high in potassium. Goat cheese is a low potassium food, proving that not all cheeses are made equal. Likewise, About 131 milligrams of potassium may be found in a half cup of vanilla ice cream. Bananas When people consider foods high in potassium, bananas frequently come to mind. A banana normally contains 422 mg of potassium. Among all the fruit, bananas are athletes’ favorite as they provide energy. However, it could be highly dangerous for someone suffering from hyperkalemia.
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10 incredible anticipated Black Friday jewelry deals

If you have been meaning to buy that beautiful solitaire ring or those stunning earrings, this Black Friday sale is the best time to do it. It is the time when you can restock your jewelry stash and even find some great gifts and keepsakes. We have sorted through hundreds of 2021 Black Friday deals and found the best ones so that you can keep an eye out for similar offers this year too. 10 expected Black Friday jewelry deals you cannot miss Pearl stud earrings One of the few things that have stood the test of time is pearl jewelry. It is classy, stunning to look at, and represents femininity and strength. Much more than just a trend, pearl necklaces are perfect for women of all ages. Macy’s cultured freshwater earrings are 7mm in 14k gold. These earrings could be available for almost $100 off in the Black Friday sale. Stacked rings One of the latest trends to hit the fashion circles, stacked rings are definitely gorgeous. They make you stand out from the crowd without making you look overdressed. KAY Jewellers might offer almost 70% on selected stacked rings in their range. It could also offer further discounts with an email sign-up.
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5 different ways to use tablet computers

Tablets are equipped with multiple features that make them suitable for use anywhere, whether at the office, classroom or home. The device is not limited to as an entertainment source. But these should be used in a productive and balanced way to get the maximum use out of them. Are you looking for some ways to use these tablet computers smartly? Read on to know the different and smart ways to utilize a tablet computer. Second monitor One of the best ways to use a tablet computers is to use them as a second monitor. Some users prefer to work on more than two monitors to enhance and optimize productivity and manage their workflow. If you are one of them, this intelligent way is suitable and could be best for you. You can extend your display by connecting it with your computer. It will also save you money as it would work as another screen without the need to buy a new monitor. The screen is also larger and more beneficial than the regular smartphones. Taking notes For better and enhanced productivity, you can use your tablet computer for taking notes. You can write quick notes, prepare tasks and organize your goals with the help of the device.
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6 mistakes to avoid when buying a new computer

Buying a new computer can be incredibly expensive, given the significant investment it requires. Also, the amount of choice available in terms of prices and configuration can make the whole process of buying a new device very overwhelming. Shoppers often make mistakes when buying a new computer, especially those who are less tech-savvy. In this article, we’ve listed a few common mistakes you can avoid when buying a new computer. Purchasing a computer that does not meet your needs Before buying a computer, it is important to determine your needs, whether you want to use it for home, work, or gaming. There is no reason to buy a computer with tons of RAM if you are not going to use it for heavy workloads or gaming. Shoppers often spend more money on features that they do not need. Before buying, you must list all the features you need and purchase the best one that meets your needs. Not thinking about other costs If you buy a gaming computer, be aware of what is included in your purchase. Most computer software is accessible on a trial basis, and you would need to pay after the trial period ends. It is best to look for deals where software is included in the price to help save money.

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Top 10 cat food deals to check out ahead of Black Friday 2022

Top 10 cat food deals to check out ahead of Black Friday 2022

Black Friday will be here soon, presenting pet parents an opportunity to stock up on food for their feline friends without spending a lot. There will be plenty of discounts from the top pet food brands, including Royal Canin and Purina. But if you cannot wait until then, check out these ten fantastic deals that are available right now. Take your time researching well and pick the healthiest options for your cat! Merrick Purrfect Bistro Grain-free Healthy Weight Recipe Dry Cat food This grain-free recipe ensures your pet gets the proper nourishment and maintains a healthy weight. Besides promoting weight control, it supports the muscles and improves digestive health. The product is already available at a discount of 7% on Chewy, but you can expect a better deal during the year-end sale. Wellness Healthy Indulgence Gravies Grain-free Variety Pack This variety pack makes mealtimes quick and easy. Created by nutritionists and veterinarians, the recipes are enriched with the finest ingredients to promote your cat’s well-being. Petco is offering a discount of 5%, but you can get it at an even lower price by opting for repeat delivery. Tiki Cat Queen Emma Luau Variety-pack Grain-free Canned Cat Food You can save 10% on this variety pack from Tiki Cat at Chewy.
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20 Black Friday 2022 unmissable furniture deals

20 Black Friday 2022 unmissable furniture deals

If you’ve been waiting for Black Friday to make a big-ticket furniture purchase, now’s the time, especially if you’re searching for something, like a sofa or mattress. We’ve seen savings of up to 50% in recent years, so browsing the bargains may really help keep prices down, which is crucial, considering the cost of living. Also, remember to bookmark websites that offer information on the current Black Friday furniture bargains. Metal and wood platform bed frame On Amazon, the ZINUS Suzanne 37-inch Metal and Wood Platform Bed Frame could drop to $189 (was $220), a $31 savings. Bathroom vanity Last year, the Lark Manor Burchard 36′′ Single Bathroom Vanity Set was available for $549.99 (down from $724.99). Add this to your shopping list to save $175 at Wayfair. Floor lamp The AllModern Finton 60.25-Inch Tripod Floor Lamp might be available for $149, a 44% reduction. That’s a deal you don’t want to lose on. Queen-sized bed frame Last Black Friday, the Plank Beam PB312-002 Solid Wood Queen-Size Bed in White was on sale for $270.74 (down from $319). On Amazon, that is a 37% discount. Coffee table Cumka Coffee Table Teak Resin 23.6′′ is anticipated to retail at Walmart for $205.60, a 30% discount.
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A fitness tracker will be on many Black Friday shopping lists this year. While it is on November 25, multiple deals are expected to pop up from early September to late October. Whatever your fitness mantra, high-tech fitness trackers can help you achieve your goals. And getting them at a discounted price is the cherry on the cake! Let’s check out some amazing Black Friday fitness tracker deals for the year 2022. Fitbit Versa 3 Continuous heart-rate monitoring, SpO2, support for NFC payments, a microphone for taking phone calls, and Google/Alexa assistance are some of the many incredible features offered by this tracker. Plus, unlike its previous variants, Versa 3 provides a built-in GPS for navigation. During the sale season, you might also find it priced under $200. Fitbit Charge 5 Fitbit Charge 5 delivers many upgrades to cater to your needs. Many online platforms offer it for under $150 for a limited period. Its features, like the bright OLED screen, electrodermal activity sensors, contactless payments, notifications, sleep tracking, heart monitoring, and timers, make it one of the most highly dependable fitness trackers. Garmin FENIX 7 Series A week’s worth of battery, topographical maps, touch screen, military-grade standard, up to 10 ATM water resistance, insightful training guides and programs, solar charging, and astonishing real-time stamina feature are the traits that make the 7 series an absolute hit.
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Foods to avoid for managing Crohn’s disease

Foods to avoid for managing Crohn’s disease

When you have been diagnosed with a condition such as Crohn’s, it is vital to watch what you consume to avoid triggering or worsening symptoms. Although there is no specific meal plan for patients with this condition, it has been noticed that avoiding a few foods can help to manage the condition more effectively. However, these trigger items can vary from one person to another. Read on to learn about the foods to avoid during Crohn’s flare-up: Dairy products If you have Crohn’s disease, you might be lactose intolerant too. Lactose is a protein found in milk and dairy items such as cheese, and some people find it difficult to digest or process. Hence, consuming these items could trigger the symptoms of Crohn’s disease and lead to bloating, diarrhea, cramping, etc. However, dairy products are a rich source of vitamin D and calcium; if you are avoiding them, you would need to get these nutrients from other food sources. This can include green leafy vegetables and fortified cereals or juices. You might also need to talk to your doctor about taking supplements. Greasy and fried foods People with this condition should avoid items such as French fries and fried chicken.
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10 Black Friday 2022 dog foods deals to check out

10 Black Friday 2022 dog foods deals to check out

With Black Friday comes amazing deals on a variety of goods, right from appliances to furniture and home décor to dog foods. Even popular brands, such as Royal Canin, Hill’s Science, Iams, and Blue Buffalo, offer hefty discounts during this time. Whether your dog loves dry food or wet food, you will find plenty of nutritious and delicious options at hard-to-miss prices. Check out the best Black Friday dog food deals given below. Blue Buffalo Life Protection Formula Adult Chicken & Brown Rice Recipe Dry Dog Food This dog food, originally priced at $67.99, is offered by Chewy at a discount of 10%. Blue Buffalo Life Protection formula is specially designed for adult dogs. Your pet dog will love to eat this healthy meal made with protein-rich deboned chicken and other natural ingredients. Hill’s Science Diet Adult Sensitive Stomach & Skin Chicken Recipe Dry Dog Food Hill’s Science offers a variety of dog foods to nourish your furry friend who is prone to having an upset tummy. This dry dog food contains nourishing prebiotic fiber and real chicken and is gentle on the stomach. At Chewy, you can get this dog food for $77.99 and save 4%. Iams Proactive Health Smart Puppy Original Dry Dog Food Get a 14% discount on Iams Proactive Health Smart Puppy Original Dry Dog Food when you buy from Chewy.
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Foods to avoid for managing bronchitis

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Bronchitis is a lung condition in which the lining of the bronchial tubes, which are responsible for transporting air to and from the lungs, gets inflamed. The condition can be chronic or acute and can develop as a result of an underlying respiratory condition or a cold. Certain foods can also trigger the condition and cause the symptoms to worsen. Here are some foods to avoid when diagnosed with bronchitis. Dairy products People suffering from chronic bronchitis need to limit their intake of dairy products. When digested, these items release a compound known as casomorphin, which is known to elevate the amount of phlegm and mucus released by the body. This can lead to severe coughing, which could worsen wheezing and pain in patients suffering from the disease. Instead of dairy products, you can opt for alternatives such as almond or soy milk. Excess salt Excess salt can be extremely harmful to patients suffering from the disease because too much sodium can cause water retention in the body leading to difficulty breathing. To season your food, it is essential to opt for low-sodium salt alternatives, as suggested by a nutritionist, to counteract any harmful effects on the body. It is also essential to keep an eye on labels about the amount of salt present in snacks and processed foods.
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