Compare These Top Vendors for Microloans


Organizations and businesses that provide Microloans.
Business Finance

Get $5,000 to $1 million in just 3 Business Days. Must own the business for a minimum of one year. Call (877) 491-7537

Business FinanceVisit www.GlobeLend.com

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401k Plans

Information on 401(k) plans.

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401k Rollover

Business directory to 401k rollover information and advice.

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403(b) Plans

Resources and services for 403(b) plans.

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Retirement Consultants

Retirement industry advisers and consultants.

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Retirement Plans

Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.

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401k

401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.

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401(k) Plans Key Terms

Source: /guides/401-k-plans-key-terms-33062/

Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »

401(k) Plans Industry Overview

Source: /guides/401-k-plans-industry-overview-21253/

The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »

Microloans


Microcredit loans help those who are in poverty, typically in developing nations, to start a business and help bring their families out of poverty. In a socially conscious world, microloans are gaining in popularity.

Microcredit helps circulate money in poor communities; so one initial investment can help many different people.

Here is an example of how a microloan program works. While overly-simplified, it can help you to understand the basics:

1. A man in Peru runs a service business, but has to rent the equipment he needs to run the business. The rental fees are high and significantly cut into his profit margin. He begins to look for small business microloans.

2. He is able to borrow $100 through microcredit programs. This is enough money to buy the equipment he needs. He no longer has to pay a rental fee, but he has to make payments on the microcredit loan.

3. After two years, he has paid the microloan lender back and all of the money he makes is pure profit. He is able to bring his family out of poverty.

Donate money to microloan programs that help in developing nations

If your company has a corporate giving program, microcredit programs can be a great way to donate money. A donation that is small for your company can make a big difference in someone else's life.

Find companies that offer microloans to U.S. residents

Developing nations aren't the only places with poverty. A significant percentage of American citizens also live below the poverty line. Some microloan banks help these citizens to break free from the system of poverty.

Use microloans as an investment vehicle

While in most cases it's best to give money to microloan programs as a donation, you can use them as a way to invest your money. Interest rates are typically low, but you can feel confident knowing that you are helping other people while making money.
  • As with any investment, there is risk involved when you use microcredit loans as an investment. You may not get a return on your money. Make sure you understand all of the rules and regulations before making a commitment.