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In a nutshell If you own a small business or are considering starting one, you’ll need to use a bank or another financial system (like a neobank) to conduct online and in-person transactions. A small business bank account allows small business owners the ability to conduct financial transactions to operate and maintain their business legally. … Read more

In a nutshell If your business normally maintains significant deposit balances, you owe it to yourself to earn interest on those deposits by opening one of the best business savings accounts. Other reasons to open a business account include: Some legal structures for businesses require a business bank account. It makes accepting credit card payments … Read more

In a nutshell FHA loans are mortgages insured by the U.S. Federal Housing Administration (FHA), and these loans have more flexible qualification requirements than conventional mortgages. Down payments may be as low as 3.5% with an FHA loan. Borrowers with credit scores of 500 could qualify. Upfront and ongoing mortgage insurance premiums (MIPs) are required. … Read more

In a nutshell If you’re in the market for a mortgage, you might consider a loan backed by the Federal Housing Administration (FHA). FHA loans have looser requirements than conventional mortgages, making them easier to qualify for — even with a lower credit score and smaller down payment amount. Your down payment can be as … Read more

In a nutshell Looking for a personal loan when your credit isn’t stellar isn’t easy. LendingClub makes it accessible for borrowers with fair-to-average credit to gain access to financing. LendingClub’s minimum required credit score is 600. LendingClub lets you change your payment due date, which can help you stay on top of your payments. LendingClub … Read more