Editor's note: We earn commission from Forbes Advisor partner links. Commissions do not influence our editors' opinions or ratings. If done right, getting a business loan can help take your business to the next level. One way to ensure you get the best terms is to secure the lowest interest rate. In this article, we'll demystify business loan interest rates so you can get the best loan for your business. Featured Partner OffersLoan amount $5,000 to $250,000Loan amount $10,000 to $500,000April Purchase rates start from 1.11%3American Express® Business Line of CreditLoan amount $2,000 to $250,000A FICO score of at least…
Author: Private Lending Agent
⏰ Estimated reading time: 9 minutesVirtually any business loan requires at least some documentation to apply for. While true no-document business loans don't really exist, there are some options that require far less documentation than a traditional small business loan.What is a No Document Business Loan?A no-document business loan is a business loan that requires minimal documentation at the time of application, such as only a business bank statement. Minimal-document business loans tend to have higher interest rates and shorter repayment periods than bank or SBA loans. However, for borrowers who don't qualify for traditional funding options or who need…
The Federal Reserve Board decided to keep interest rates unchanged after its meeting on June 11th and 12th, 2024. The target for the federal funds rate has remained unchanged at 5.25% to 5.5% since July 2023.To combat inflation, interest rates have been raised 11 times between March 2022 and July 2023. Inflation has been falling, but the Fed has signaled it wants more positive data before pulling the trigger.In March 2024, the central bank predicted it would cut interest rates by three quarter-points by the end of the year, but that certainty has faded as time has passed.The FOMC meets…
Jennifer Clarke BBC News 20 December 2019Updated June 20, 2024Image credit: Getty ImagesAt its June meeting, the Bank of England decided to keep interest rates on hold at 5.25% for the seventh time, keeping it at its highest level in 16 years.The pause comes after a period of 14 consecutive rate hikes as the bank sought to tame inflation. What is the Bank of England?The Bank of England is the UK's central bank. It is independent of the Government but works closely with the Treasury. Why does the Bank of England change interest rates?It is the first time in almost…
Why you won't want to miss this commercial real estate event: What you'll learn from this digital CRE conference:How CRE developers, owners, and operators are implementing AI into their respective projects, strategies, and asset classes; The types of properties and real estate companies that are best suited for AI integration and how to best address it; The tools developers and operators can create with the help of AI to drive customer and client success; The biggest barriers to integrating new AI technologies into real estate operations and how to overcome them; How AI and broader technological advancements will impact the…
Retail properties have the highest cap rates in the U.S. in 2023, followed by office. Office real estate cap rates were 6.54% in the fourth quarter of this year and are expected to rise to 7.39% in 2024. Cap rates measure the expected return on investment and represent a property's net operating income as a percentage of its current asset value. A higher cap rate means higher returns, but also higher risk.Why have cap rates increased?The rise in cap rates is the result of a repricing of the commercial real estate sector. According to the National NCREIF Real Estate Revenue…
Members of North Carolina’s three NAIOP chapters traveled to Raleigh last week for a day of legislative advocacy at the State Capitol. The two-day event was a key opportunity for attendees to collaborate on issues facing commercial real estate and advance the industry’s interests with state lawmakers. NAIOP's State of North Carolina Economic Impact Card on Commercial Real Estate's National and State Economies reflects the industry's strong contributions to North Carolina's economy. North Carolina's commercial real estate industry ranks sixth highest in the nation for overall contribution to the state's Gross Domestic Product, creating and supporting $44.1 billion and 312,000…
June 19, 2024 Mark Ferguson Finding an affordable city to buy a home can be difficult. Getting a good deal is key to my investment strategy. To help you find the best investment opportunities, here is a list of the top 10 most affordable large cities to buy a home in the United States. These cities offer not only affordable housing, but also promising growth prospects and quality of life. To measure this, let's look at house prices and wages. overview Of course, a low price doesn't necessarily mean it's a good deal. To learn more about how to find…
Rachel Wilbur Moving long distance can be a daunting task, but with the right strategy and planning, it can be a manageable, smooth process. In this blog post, we share some strategies to help you navigate the complexities of packing your house for a long distance move. From creating an inventory list to effectively labeling and sorting boxes, we share insights on how to minimize stress and maximize organization. Creating an inventory listBefore you start packing, make a detailed inventory list of all your belongings. This list will help you keep track of your belongings and easily determine what you…
Members of North Carolina’s three NAIOP chapters traveled to Raleigh last week for a day of legislative advocacy at the State Capitol. The two-day event was a key opportunity for attendees to collaborate on issues facing commercial real estate and advance the industry’s interests with state lawmakers. NAIOP's State of North Carolina Economic Impact Card on Commercial Real Estate's National and State Economies reflects the industry's strong contribution to North Carolina's economy. North Carolina's commercial real estate industry ranks sixth highest in the nation for overall contribution to the state's Gross Domestic Product, creating and supporting $44.1 billion and 312,000…