What Is A Business Credit Card And How Do They Work?

Mortgage

MoMo Productions / Getty Images Key takeaways A business credit card is designed to support small business owners and entrepreneurs and help them keep business spending separate from personal spending. These cards typically offer higher…

Pros and Cons of Home Improvement Loans: Should You Get One?

Mortgage

Key takeaways Home improvement loans provide homeowners with quick funding and flexible repayment options. The best home improvement loan rates are reserved for borrowers with good or excellent credit, while rates for borrowers with bad credit can be high. Home improvement loans can build your credit and increase the value…

Personal Loans vs. Personal Lines of Credit

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Key takeaways Personal loans are best for one-time, fixed expenses, while personal lines of credit are best for ongoing financing needs or purchases that require flexibility. Both options offer lower average interest rates than credit cards for borrowers with good credit. Repayment terms depend on how much you borrow and…

What is an LLC Loan and How Does It Work?

Small Business

AsiaVision/Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways An LLC loan is no different than other types of business loans, except they’re aimed at businesses organized as limited liability companies. LLC loans can be used for various short- and long-term costs, including funding startup costs, equipment and inventory purchases, working…

Should You Take An 84-Month Auto Loan?

Mortgage

Key takeaways It is generally best to avoid 84-month loans, but they might be helpful in certain situations. An 84-month auto loan generally has lower monthly payments but higher total borrowing costs. Before you take out an 84-month car loan, explore all of your options, including waiting until you can…