Directory of resources and experts for bad credit business loans. Quickly find providers of business financing options, no matter what your credit level.www.business.com/finance/bad-credit-business-loans/
Provider of short term loans for business purposes.www.business.com/finance/short-term-loans/
Business directory to 401k rollover information and advice.www.business.com/finance/401k-rollover/
Retirement industry advisers and consultants.www.business.com/finance/retirement-consultants/
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.www.business.com/finance/retirement-plans/
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.www.business.com/finance/401k/
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. More»
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. More»
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If you're a small business owner who needs working capital, a term loan may be the answer. Term loans are usually supported by an asset, such as equipment or machinery purchased for use by the company, or inventory that the company sells. Repayment of this type of loan is usually spread over a specific period of time, and divided into an equal number of payments.
Term loans include both intermediate and long-term loans. Intermediate term loans are usually repaid in one to three years and often take the depreciation of the asset used as collateral into consideration.
Long-term loans are typically repaid in three to ten years, although they can be granted a repayment period of up to twenty years. The assets of a company are used as collateral for these loans, and are often repaid quarterly as opposed to monthly, although monthly payments are also possible.
Term loans are most often granted to small businesses with a proven track record of stability and profit. The approval process can be grueling, and banks base their decision upon your credit history, your ability to repay the loan, the collateral used, your current business capital, and your business plan. Interest rates on term loans vary, but are typically just a few points above prime.
For additional resources and information about term loans, please reference Business.com.