Exploring different finance options can provide a business owner with a more comprehensive understanding of what is available to them, allowing them to make more informed decisions about their finances. This can ultimately lead to better financial management, increased profitability, and long-term business success.
Essentials Health Plan (EHP) offers significant FICA tax savings, potentially saving up to $900 per employee yearly, and provides up to 30% savings on workers' compensation costs.
A term loan is a type of financing in which a borrower receives a lump sum of capital upfront, which is then paid back over a predetermined period of time with interest.
A line of credit is a type of financing in which a lender extends a maximum amount of credit to a borrower, who can draw on it as needed, only paying interest on the amount borrowed.
Equipment Finance
Equipment finance is a type of financing in which a borrower obtains funds to purchase or lease equipment, such as machinery or vehicles, which are then used as collateral for the loan.
A commercial real estate loan is a type of financing in which a borrower obtains funds to purchase, renovate, or refinance a commercial property, which is then used as collateral for the loan.
Non traditional residential loans are a type of mortgage that does not meet the criteria for a Qualified Mortgage, typically because the borrower's income, employment, or credit history does not fit within the standard guidelines established by the Consumer Financial Protection Bureau.
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