Employees who are satisfied with their jobs are more productive and less likely to look for work opportunities that may offer higher pay, competitive benefits, and a career path that helps them grow. While several factors can impact worker happiness, these 19 job satisfaction statistics will help you understand which ones can aid you in…
Business Financing
What Is Form 5500 & How to Fill It Out
IRS Form 5500 is a form that must be filed annually by companies that sponsor an employee retirement plan. Its main purpose is to provide information about the plan, such as its financial condition and allocation of investments. The form typically needs to be filed on the last day of the seventh month after the…
What Is the Cash Ratio & How to Calculate It?
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…
10 Best SBA 504 Lenders for Small Businesses in FY2023
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…
Factor Rate: What It Is & How to Calculate
Factor rates are used for alternative forms of financing, commonly associated with short-term loans or merchant cash advances. It differs from traditional interest rates, where instead of being expressed as a percentage, a factor rate is expressed as a decimal and represents the total cost of repayment. Essentially, a factor rate represents the total cost…
Balloon Mortgage Calculator
A balloon mortgage is a type of loan that requires low or no monthly payments and requires a lump-sum payment at the end of the loan term. It differs from fully amortized loans where equal installments of the total balance are repaid over a period of time, and with a balloon mortgage, the remaining balance…
Loan-to-Cost Ratio: What It Is & How to Calculate It
The loan-to-cost ratio, also known as LTC, is a calculation that’s used to evaluate the costs of a commercial real estate project. It is calculated by taking the loan amount of a commercial mortgage and dividing it by the property’s total project costs. It is reflected as a percentage. Lenders use the LTC ratio to…
Loan-to-Value (LTV) Ratio: What It Is & How to Calculate It
The loan-to-value (LTV) ratio compares your loan amount against the value of the collateral it is being secured by. Lenders use this to determine your loan eligibility and the specific rates and terms you’ll get.
The LTV ratio is a common requirement for secured loans, such as real estate, equipment financing, and vehicle loans. A good LTV ratio is usually 80% or less. However, the requirements can vary depending on the specific type of loan you’re applying for, the lender you choose, and the strength of your credit and finances….