关于【Loan】问题列表

Apple for Car Loan: How to Get a Car Loan Easily Using Your Phone

I’m looking to buy my first car and keep seeing people talk about “apple for car loan” and using apps to get approved fast. I want to know how to get a car loan, especially from a bank, and if there’s a way to apply for a car loan right from my iPhone. I’m based in the US, and I’m not sure if I should go with a credit union, a bank, or use a car loan app.

Can anyone share their experience on how to get a loan for a car, what steps to follow, and if using an app really makes it easier? I’m also curious about what documents I’ll need and if there are any tips for getting approved quickly. Any advice for someone new to this would be awesome!

What Is a Business Credit Score and Does My Company Need One?

I’m a small business owner in the U.S., just starting out with a bakery in Texas. I’ve heard about business credit scores, but I’m confused about what they are and whether my business even has one. Do businesses have credit scores like individuals do? I’m applying for a loan to buy new equipment, and I keep seeing terms like business credit ratings and corporate credit score. How does this work, and how can I check or improve my business credit rating to secure better loan terms? I want to make sure I’m not missing something that could help my business grow.

As a beginner, I’m worried about navigating financial systems and understanding how business credit scores impact my ability to get funding. Are there tools or platforms to monitor my business credit rating? Any advice for someone new to this?

Borrowing Made Easy: Learn Secured vs Unsecured Loans Before You Apply

I’m trying to figure out the difference between a secured loan and an unsecured loan because I want to know which one might be better for me. I’ve heard about secured loan and unsecured loan options but don’t fully get how they work or what makes them different. I live in the US and want to understand things like interest rates, collateral, and approval requirements. Can someone explain secured versus unsecured loan basics in simple terms?

How to get a payday loan when you already have one? Tips on installment loan consolidation and payday debt assistance

I’m currently juggling a payday loan and some installment loans, and I’m feeling overwhelmed by the payments. I live in the US, and I’m trying to figure out if I can still get a payday loan when I already have one. Also, I’ve heard about installment loan consolidation and payday debt assistance programs but don’t know how they work or if they can help me manage my debts better. Can anyone explain how to consolidate installment loans or get help with payday loans debt? I want to avoid getting deeper into debt but still need some financial breathing room.

What Is a Crypto Loan & How Can It Work for You?

You're a long-term believer in your crypto portfolio. You've held through volatility, and you don't want to sell your assets, especially not in a down market or with potential tax consequences. But what if you need cash right now?

For a long time, the only answer was to sell. Today, there's a more powerful and strategic option: crypto loans.

This is a guide for a potential investor looking to unlock the value of his/her portfolio while still not letting go of the assets. We shall walk through how these loans function, the essential risks you should comprehend, and what should be sought in the best crypto lending platforms.

What Is a Crypto Loan?

A crypto loan is a type of secured loan where you use your cryptocurrency holdings as collateral to borrow assets, typically fiat currency (like USD) or other cryptocurrency.

Think about it as taking a loan against the value of your home, similar to a home equity line of credit (HELOC). You are not actually selling your house; rather, you are receiving loans against its worth. With a crypto loan, you're borrowing against the value of your digital assets.

How Crypto Loans Work:

A crypto lending platform manages the process. Here are the core concepts:

• Collateral: The crypto (e.g., Bitcoin, Ethereum) that you pledge to the lender to secure the loan.
• Loan-to-Value (LTV) Ratio: This is the most important metric. It's the ratio of the loan amount to the value of your collateral. For example, if you pledge $10,000 worth of Bitcoin as collateral and the LTV is 50%, you can borrow up to $5,000.
• Interest Rate: The percentage you pay on the borrowed funds.
• Margin Call: (CRITICAL RISK) If the value of your collateral drops, your LTV ratio will rise. If it crosses a certain threshold (e.g., 80%), the platform will issue a "margin call," requiring you to either add more collateral or repay part of the loan. If you fail to do so, the platform will automatically sell a portion of your collateral to bring the LTV back to a safe level. This is how you can lose your assets.

Why Use a Crypto Loan?

• Avoid Capital Gains Tax: Borrowing is not a taxable event. You get cash without triggering taxes you'd face from selling.
• Keep Your Upside: You retain full ownership of your crypto. If the market goes on a bull run, you still benefit from all the price appreciation.
• Speed and Accessibility: Approval is often instant, with no credit checks required, as the loan is secured by your assets.

What About Crypto Loans Without Collateral?

You'll see this word (crypto loans without collateral), so let's address it directly. For the vast majority of users, these do not exist in a safe, accessible form. They are typically un-collateralized "flash loans" used by advanced DeFi developers for complex arbitrage strategies. If a platform offers you a loan with no collateral, it is almost certainly a scam. Always assume you will need to provide collateral.

How to Choose a Top Crypto Lending Platform: Your 5-Point Checklist

The platform you choose is critical. Before you deposit a single satoshi, you must evaluate them like a professional. Here are the five things to compare:

• Interest Rates (APR): This is how much you'll pay to borrow. Rates can vary widely, from as low as 1% to over 10%. This is often the first thing people compare.
• Loan-to-Value (LTV) Ratio: A higher LTV means you can borrow more against your collateral (e.g., 60% LTV is better than 40%). However, a higher LTV also means you are closer to being liquidated if the market drops.
• Security and Custody: This is arguably the most important. How are they storing your collateral? Do they have insurance? A proven track record of security is non-negotiable. Look for platforms that use trusted custodians like BitGo or Fireblocks.
• Supported Assets: What coins can you use as collateral? Top platforms will accept Bitcoin (BTC) and Ethereum (ETH), while others may accept a wider range of altcoins.
• Loan Terms: Are the repayment terms flexible? Is there a penalty for paying the loan back early?

Examples of Leading Crypto Lending Platforms

Here are a few examples of platforms that are well-regarded in the space, spanning both decentralized (DeFi) and centralized (CeFi) models:

Disclaimer: This is not an endorsement. Always conduct your own thorough research before trusting any platform with your assets.

Your First Step: Acquiring Quality Collateral

Before you can even think about getting a loan, you need to own the high-quality collateral that lenders want. This is where a secure and liquid exchange comes in.

BYDFi excels at providing a professional-grade trading environment to acquire the market's top assets:

• Deep Liquidity: Buy assets like Bitcoin and Ethereum at a fair market price.
• Low Fees: Maximize your capital so you can build a stronger collateral position from the start.
• Trusted Security: Trade with peace of mind.

How to Choose the Perfect Business Loan: A Deep Dive into Your Financing Options

Starting or growing a business requires capital, and most entrepreneurs turn to business loans to fund their operations. But with so many types of business loans available, how do you choose the best one for your needs? In this article, we will explore the four main types of business loans, explain different types of small business loans, and guide you through the financing options available to small businesses.

Whether you run a startup or an established company, understanding your loan options will help you make informed decisions and secure the right funding.

What Are the Four Types of Business Loans?

Understanding the primary loan categories helps you quickly identify which suits your business needs. Here are the four common types of business loans:

1. Term Loans : A term loan is a lump sum borrowed and repaid over a fixed period, usually with a set interest rate. These loans can be short-term (less than a year), medium-term (1-3 years), or long-term (up to 10 years or more). Term loans are ideal for businesses that need significant capital for expansion, equipment purchases, or large projects.

Why choose term loans it may be for three reasons :  predictable monthly payments ,fixed or variable interest rates and suitable for larger investments

2. Business Lines of Credit

A business line of credit works like a credit card. Instead of borrowing a lump sum, you get access to a credit limit and can withdraw funds as needed. Interest is paid only on the amount you use, not the entire limit.

Flexibility to manage cash flow , interest charged only on funds used and Revolving credit that can be reused .

3. SBA Loans

The Small Business Administration (SBA) offers government-backed loans to help small businesses access funding with favorable terms. These loans often come with lower interest rates and longer repayment terms but require more paperwork and strict eligibility.

Popular SBA loan types:

• 7(a) Loan Program (general business purposes)
• CDC/504 Loan Program (fixed assets and real estate)
• Microloans (smaller loan amounts)

4. Equipment Financing

Equipment loans or leases provide funding specifically to purchase business equipment like machinery, vehicles, or technology. The equipment itself often serves as collateral, making it easier to qualify.

Why choose equipment financing  : Preserve working capital ,  pay off equipment over time and usually faster approval .

What Types of Financing Are Available to Small Businesses?

Aside from the four main business loan types, small businesses can explore additional financing options tailored to different needs:

- Invoice Financing

If your business invoices customers but waits weeks for payment, invoice financing advances you a percentage of outstanding invoices to improve cash flow.

- Merchant Cash Advances

This provides upfront cash in exchange for a portion of future credit card sales. It’s a quick option but often comes with higher costs.

- Personal Loans for Business

Some entrepreneurs use personal loans to fund business activities. While easier to qualify for, mixing personal and business finances has risks.

- Crowdfunding and Peer-to-Peer Lending

How to Lower Your Car Payment: The Ultimate Guide to Refinancing a Car

Is your monthly car payment higher than you'd like? You're not alone. Many drivers find themselves locked into high-interest auto loans. The good news is that you don't have to be stuck. Refinancing a car is a powerful financial tool that can lower your monthly bill, reduce the interest you pay, or both.

But how does it work, and is it the right move for you? This comprehensive guide will walk you through everything you need to know about refinancing your car loan.

What Exactly is Refinancing an Auto Loan?

Refinancing simply means replacing your current car loan with a new one from a different lender. The new loan pays off the old one, and you begin making payments to the new lender, ideally with better terms—such as a lower interest rate or a more affordable monthly payment.

When Should You Consider Refinancing?

Refinancing isn't for everyone, but it can be a brilliant move in several key situations:

• Interest Rates Have Dropped: If market interest rates have fallen since you first got your loan, you may be able to secure a new, lower rate.
• Your Credit Score Has Improved: Did you get your loan when your credit was just okay? If your score has jumped significantly since then, you likely qualify for much better rates.
• You Want a Lower Monthly Payment: Refinancing can extend your loan term (e.g., from 36 months remaining to 60 months), which will reduce your monthly payment and free up cash flow. Be aware this may mean you pay more in total interest over time.
• Your Current Loan Terms are Bad: If you got your initial loan from a dealer, you may not have received the best possible rate. Shopping around can reveal much better offers.

A 5-Step Guide to Refinance a Vehicle Loan

Ready to get started? The process is more straightforward than you might think.

Step 1: Check Your Credit Score and Current LoanBefore you do anything, know where you stand. Check your credit score (many banking apps or credit card portals offer this for free). Then, review your current loan statement to find your interest rate and the remaining balance. This is your baseline.

Step 2: Gather Your DocumentsLenders will need to verify your information. Have these documents ready to speed up the process:

• Driver’s License
• Proof of Income (pay stubs, W-2s)
• Proof of Residence (utility bill)
• Vehicle Information (VIN, make, model, year, mileage)
• Current Loan Information

Step 3: Shop Around and Compare Lenders (The Most Important Step!)Do not take the first offer you see. The key to successful refinancing a auto loan is comparing multiple offers to find the best deal. Look at:

• Your Current Bank: They may offer loyalty discounts.
• Credit Unions: Often provide some of the most competitive rates available.
• Online Lenders: These companies specialize in auto loans and can be very competitive.

When comparing, look at the interest rate (APR) and the loan term. Use a loan calculator to see how each offer affects your monthly payment and the total interest paid.

Step 4: Submit Your ApplicationOnce you've chosen the best lender, formally submit your application. Since you've already gathered your documents, this step should be quick. Most lenders provide a decision within one business day.

Step 5: Pay Off Your Old LoanIf approved, your new lender will handle the final step: paying off your old loan directly. You will receive confirmation that the old loan is closed, and then you'll start making payments to your new lender.

Is Refinancing a Good Idea? The Pros and Cons

Refinancing your car loan can be a fantastic way to improve your financial health, but only if it aligns with your goals. By following these steps and carefully comparing your options, you can ensure you're making a smart decision that saves you money.

What's Your Next Move?

Now that you know how to refinance, are you considering it for your vehicle? If you have any questions or want to share your own refinancing experience, drop a comment below

What Credit Score Do You Need for a Car Loan? A Complete Guide

When you're ready to buy a car, one number holds more power than almost any other: your credit score. This three-digit number is the key that unlocks loan approvals and determines how much you'll pay in interest. But what credit score for a car loan do you actually need?

The truth is, there's no single "magic number." While a higher score makes things easier, people across the credit spectrum can get approved. This guide breaks down what scores lenders look for and how your credit for a auto loan directly impacts your wallet.

How Your Car Loan Credit Score Shapes Your Interest Rate

Lenders use credit scores to measure risk. A higher score means you're seen as a more reliable borrower, so you are rewarded with a lower interest rate (APR). A lower score signals higher risk, resulting in a higher APR to protect the lender.

To see how this works, here is a breakdown of standard credit score tiers and the average auto loan rates you can expect for each.

Note: These are industry averages. Your actual rate can vary based on the lender, loan term, vehicle, and your overall financial profile.

As you can see, the difference between a prime and subprime score can cost you thousands of dollars in interest over the life of the loan.

The Big Question: Can You Get a Car Loan with Bad Credit?

Yes, it is absolutely possible to get a credit for car loan even if your score is in the nonprime or subprime range. However, you need to be strategic to secure the best possible terms.

If your score is lower than you'd like, don't just walk into a dealership unprepared. Take these steps to increase your chances of approval and avoid a predatory loan.

1. Make a Larger Down Payment

• A significant down payment (ideally 10-20% of the car's price) is the single best thing you can do. It reduces the amount you need to borrow, which lowers the lender's risk. This makes them far more likely to approve your loan and may even help you secure a better rate.

2. Find a Cosigner

• A cosigner is someone with good credit who agrees to share responsibility for the loan. Their strong credit history can help you get approved when you otherwise wouldn't. Just remember, if you miss a payment, their credit will be damaged as well.

3. Get Pre-Approved Before You Shop

• Don't wait for the dealership to find financing for you. Apply for a loan directly with a bank, credit union, or online lender first. A pre-approval tells you exactly how much you can afford and gives you a real interest rate to compare against any offers the dealership makes.

4. Be Realistic About Your Vehicle Choice

• If you have a low credit score, now might not be the time to buy a brand-new luxury car. Focus on reliable, affordable vehicles that fit the budget you confirmed in your pre-approval. Securing a modest loan and paying it on time is a fantastic way to rebuild your credit.

The Bottom Line

While there is no official minimum car loan credit score, a score above 660 will generally secure you a decent interest rate. If your score is below that, your path to getting a loan is more challenging but far from impossible. By being proactive and using strategies like a larger down payment and pre-approval, you can still get behind the wheel without getting taken for a ride.

Has your credit score impacted your car-buying journey? Share your experiences or ask any questions you have about the process in the comments below

Business Loan Rates in 2025: What Every Small Business Owner Needs to Know

Are you thinking about expanding your business, upgrading equipment, or simply boosting your cash flow? If so, you’re probably asking: What are the current business loan rates, and how do they affect my bottom line? You’re not alone—thousands of small business owners search for answers about business loan interest rates every day, hoping to secure the best deal and avoid costly mistakes.

Let’s break down everything you need to know about business loan rates, so you can make informed decisions and grow your business with confidence.

What Is the Interest Rate on a Business Loan?

Business loan rates are the percentage lenders charge on the amount you borrow. This rate determines how much you’ll pay in addition to repaying the principal. Rates can vary widely depending on factors like your credit score, business history, loan type, and even your country’s economic climate.

In 2025, current business loan rates typically range between 6% and 18% for most small businesses. However, the exact rate you’re offered will depend on your unique profile and the lender’s criteria.

Why Do Business Loan Interest Rates Matter?

Every percentage point counts when you’re running a business. A lower interest rate means lower monthly payments and more cash for your operations. Conversely, a higher rate can eat into your profits and make it harder to repay your loan.

Here’s why you should care about small business loan interest rates:

1. Cost of Borrowing: Even a 2% difference can cost you thousands over the life of a loan.

2. Cash Flow Impact: High rates mean higher payments, which can strain your monthly budget.

3. Qualification: Knowing the average rates helps you spot red flags—avoid unverified lenders promising unrealistically low rates.

What Is a Good Interest Rate for a Business Loan?

A good interest rate is one that’s competitive for your credit profile and business type. In 2025, most small business owners with solid credit and a track record of profitability can expect rates between 7% and 10%. If you’re seeing offers significantly higher than this, it might be time to shop around or improve your credit before applying.

Factors That Affect Your Rate

1. Credit Score: Higher scores unlock better rates.

2. Business Age: Startups may pay more than established companies.

3. Loan Amount & Term: Larger, longer-term loans often have higher rates.

4. Collateral: Secured loans typically offer lower rates.

How to Find the Best Current Business Loan Rates

Ready to take action? Here’s how to secure the best possible rate for your business loan:

1. Check Your Credit: Review your business and personal credit scores.

2. Compare Lenders: Don’t settle for the first offer—compare banks, credit unions, and online lenders.

3. Negotiate Terms: Ask about fees, prepayment penalties, and flexible repayment options.

4. Read Reviews: Stick with reputable lenders and avoid unverified bots or “too good to be true” deals.

Final Thoughts & Next Steps

Understanding business loan rates is crucial for making smart financial decisions. By staying informed about current business loan rates and knowing what affects your interest rate, you can save money and set your business up for success.

Best SBA Lenders in 2025: How to Find the Right Bank for Your SBA Loan

If you're a small business owner wondering what banks do SBA loans or who does SBA loans, you're in the right place. SBA loans are a popular financing option backed by the U.S. Small Business Administration, but the loans themselves come from approved lenders like banks, credit unions, and specialized financial institutions. Choosing the right SBA lender can make a big difference in your loan approval process, interest rates, and overall experience.

In this detailed guide, we’ll cover the best SBA lenders for 2025, explain how SBA loans work, and give you tips on finding the best banks for SBA loans that fit your business needs.

What Are SBA Lenders and How Do SBA Loans Work?

SBA lenders are financial institutions authorized by the SBA to offer loans partially guaranteed by the government. This guarantee reduces the lender’s risk, allowing them to offer more favorable terms such as lower down payments, longer repayment periods, and competitive interest rates.

The SBA doesn’t lend money directly; instead, it partners with these lenders to help small businesses access capital. SBA loans come in various types, with the most common being:

• SBA 7(a) loans: The most popular loan type, used for working capital, equipment, real estate, and debt refinancing.
• SBA 504 loans: Designed for purchasing fixed assets like real estate or large equipment, often involving a Certified Development Company (CDC) alongside a bank.
• SBA Microloans: Smaller loans (up to $50,000) offered through nonprofit intermediaries to help startups and small businesses.

Who Are the Best SBA Lenders in 2025?

Based on loan volume, approval rates, and borrower experience, here are some of the top SBA lenders to consider:

1. Newtek Bank

Newtek Bank is currently the most active SBA lender by total loan amount, having issued over $1 billion in SBA 7(a) loans in fiscal year 2025. They serve U.S.-based, for-profit businesses with at least two to three years of tax returns. Newtek offers personalized service with a dedicated lending specialist who guides you through the entire process.

2. Huntington National Bank

Huntington approved the most SBA 7(a) loans in fiscal year 2024 and continues to be a top lender in 2025. They offer loans up to $5 million with down payments as low as 10%, along with SBA Express loans for faster access to smaller amounts. Huntington also runs the Lift Local Business Program, supporting minority-, women-, and veteran-owned businesses with financial education and SBA loan assistance.

3. Northeast Bank

Northeast Bank is a top lender by number of loans approved and total loan amount. Based in Maine, it offers SBA 7(a) loans up to $500,000 and streamlines the application process through online tools, making it easier for borrowers to apply with fewer documents.

4. Readycap Lending

Readycap Lending, a subsidiary of Ready Capital, has issued over $550 million in SBA 7(a) loans in 2025. They provide loans ranging from $350,000 to $5 million for business expansion, equipment purchase, working capital, and refinancing.

5. Live Oak Banking Company

Live Oak Bank is the second-most active SBA 7(a) lender by dollar amount and offers an online-based application process nationwide. They provide loans up to $5 million with up to 90% financing and typically require a 10% down payment. Live Oak also offers SBA 504 loans for larger projects.

6. JPMorgan Chase Bank

JPMorgan Chase, one of the largest banks in the U.S., offers SBA 7(a) loans up to $5 million and SBA Express loans up to $500,000. They provide SBA 504 loans for equipment and real estate purchases, with dedicated loan officers to assist borrowers.

7. Lendistry

Lendistry is a minority-led community development financial institution that focuses on underserved communities. They offer SBA 7(a) loans between $25,000 and $5 million with an entirely online application process and personalized customer support.

8. TD Bank

TD Bank ranks among the top SBA lenders by loan approval count and offers SBA 7(a) loans up to $5 million, SBA 504 loans, and SBA Express loans up to $350,000.

9. BayFirst National Bank

BayFirst offers a fast funding SBA Bolt Loan program with amounts up to $150,000 and funding within days. They also provide standard SBA 7(a) loans up to $5 million.

10. Celtic Bank

Celtic Bank offers SBA 7(a) loans up to $5 million, Express loans up to $150,000, construction loans, and SBA loans over $5 million. They are a preferred SBA lender headquartered in Utah.

How to Choose the Best SBA Lender for Your Business

Finding the right SBA lender depends on your business needs and preferences. Here are some tips:

• Start with your current bank or credit union: Existing relationships can speed up approval.
• Use the SBA Lender Match tool: Answer a few questions on the SBA website to get matched with lenders suited to your needs.
• Compare loan terms: Interest rates, fees, repayment terms, and down payment requirements vary by lender.
• Ask about the application process: Does the lender assign a dedicated loan specialist? How long does approval typically take?
• Check if the lender is SBA Preferred: Preferred Lenders can approve loans faster without SBA review.

What Do SBA Lenders Look For?

To qualify for an SBA loan, lenders typically require:

• A credit score of at least 640.
• A solid business plan and financial statements.
• Proof of ability to repay the loan.
• Collateral for larger loans.
• Usually two or more years in business (some exceptions for microloans).

Final Thoughts on SBA Lenders

SBA loans can be a lifeline for small businesses, offering affordable financing with flexible terms. Choosing the right SBA lender is crucial to getting the best deal and a smooth application experience. Whether you go with a big bank like JPMorgan Chase or a specialized lender like Live Oak Bank, make sure to shop around, prepare your documents, and understand your options.