Andrew Wan

A mortgage loan-level pricing adjustment (LLPA) is an adjustment to the costs involved with getting a home loan. LLPAs are usually based on the characteristics of a loan—such as the loan amount, property type, down payment amount, credit score, and occupancy type. The amount of the adjustment can vary based on the loan program and…

Many of the best small business loans for veterans offer specific discounts or pricing incentives for qualifying military service members. You may also find that these lenders also provide resources for growing your business, along with financing options that carry competitive rates and flexible qualifications for things like credit score, time in business, and business…

The best solo 401(k) providers will vary based on your unique circumstances. However, many will have a track record of providing a high-quality product, evidenced by consistently high customer reviews and ratings. Since the best solo 401(k) provider will depend on your specific needs, we’ve selected companies that offer a wide range of investment options,…

The cash ratio measures a company’s ability to pay its short-term debts using only cash and cash equivalents. It’s one of many financial ratios that investors and lenders use to measure the health of a business and the risk of lending it additional money. The cash ratio is calculated by taking the sum of a…

The Small Business Administration (SBA) 504 loan program provides funds for major fixed assets that will subsequently help grow a company or create additional jobs. Getting an SBA loan can be a complex and time-consuming process, which is why working with an experienced lender can be crucial to ensure that you get approved—and in a…

While the best working capital loan may vary depending on your specific business needs, many will have a combination of low rates, flexible qualification requirements, and excellent customer service. Other common features include easy paperwork requirements, quick funding speeds, and a fast application process. Working capital loans will allow you to use funds for nearly…

The best purchase order (PO) financing companies will offer low rates, excellent customer service, and repayment terms of at least 90 days. Many companies will also have a combination of fast funding speeds, easy qualification requirements, and large funding amounts. Since the most suitable financing option will vary based on your company’s circumstances, we’ve selected…

The past decade has seen an increase in credit card debt, and it’s easy to see why. Using credit cards as a form of payment has made it easier for consumers and companies to conduct business. Many credit cards also offer consumers benefits that they otherwise would not get by paying with cash, such as…

Terminating a Rollover for Business Startups (ROBS) 401(k) plan can lead to hefty fines and penalties from the IRS if done incorrectly. These types of plans are heavily regulated, so it’s important that you understand the steps involved to ensure you don’t incur unnecessary fines or other expenses. If you have a ROBS provider or…

One of the many financing options offered by the Small Business Administration (SBA) is its microloan program. SBA microloans offer up to $50,000 in funding and are designed to help small businesses and certain not-for-profit childcare centers. Startups are eligible, and funds can be used for almost any business-related expense that helps the company grow….

SBA Form 1919, also known as the Borrower Information Form, is designed to gather various information about the borrower, the owners of the business, and the financing request. This can include basic identifying information, the purpose of the loan, and the nature of the company’s products and services. Lenders use the information provided to determine…

The purpose of SBA Form 159 is to identify the fees that were paid to an individual or company that meets the SBA’s definition of an Agent. The form also informs applicants that hiring an Agent to assist with an SBA loan is not required. However, if you hire someone to help with your SBA…