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Typical Small Business Loan Fees
https://www.sofi.com/learn/content/small-business-loans-rates-and-fees/
If you’re considering a small business loan, it’s important to familiarize yourself with the different types of small business loan fees. In addition to interest rates, fees can impact how much a small business loan ultimately costs. Lenders charge fees on small business loans to cover a variety of costs, like loan application and origination, […]
Inventory Financing: A Guide for Small Business Owners
https://www.sofi.com/learn/content/what-is-inventory-financing/
Inventory financing is a small business financing option that allows you to purchase much-needed inventory for your business, with the inventory acting as collateral. Because of this, you may be able to secure a better interest rate and better loan terms, even if your credit profile isn’t as strong as you’d like. Let’s examine how […]
How Does a Business Loan Work?
https://www.sofi.com/learn/content/how-do-business-loans-work/
Business loans provide borrowers the capital they need to start a new venture, expand a business, or cover everyday operating expenses. In exchange for financing from a lending institution, businesses agree to repay the money borrowed over time, plus interest and fees. There are many types of small business loans, each with eligibility requirements, costs, […]
A Guide to Summer Internships for College Credit
https://www.sofi.com/learn/content/guide-to-summer-internships/
A good internship can prepare a student for life after college. A few weeks or months spent working in the real world can help build connections and confidence, further develop skills learned in class, and — perhaps most critically — bolster a new graduate’s chances of getting a job. That may explain why more universities […]
Why Do I Have Different Credit Scores?
https://www.sofi.com/learn/content/why-do-i-have-different-credit-scores/
Every consumer has multiple credit scores. Why is that? Because the major credit bureaus — Experian, Equifax, and TransUnion — may have slightly different credit information on any one person, and credit scoring models vary. Credit scores are an important financial metric to keep track of throughout the year. The three-digit number can help people […]