Starting July 1, the Education Department will limit enrollment in three income-driven repayment (IDR) plans, which cap monthly student loan…
Read More »Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Discover career growth strategies to boost your income, including negotiating raises and navigating promotions and mentorship. What are some of the best ways to…
Read More »Whether you have done it before or you’re new to the process, applying for a small-business loan can be frustrating and difficult to navigate. In the Federal Reserve’s 2023 Small-Business Credit Survey, over half of business owners who reported feeling discouraged from applying for funding cited lender requirements as the reason. With large banks in particular, a difficult application process was one of the top challenges borrowers faced, second only to high interest rates. To…
Read More »Working capital loans are often used by businesses to cover their short-term capital needs. This may include paying regular operating expenses, such as payroll, utilities and supplies, or meeting unexpected needs that aren’t within the budget. Working capital financing can come in the form of small-business loans or alternative forms of business funding. What is a working capital loan? A working capital loan is a form of financing used to supplement your business’s available cash…
Read More »Rising costs tighten margins for business owners. And to make up for that increased pressure, businesses usually have to raise prices — which, when it’s done month after month, can start to wear on customers. Customers are facing “price increase fatigue,” says Kirk Jackisch, president of consulting firm Iris Pricing Solutions. “They’re done. They can’t take it anymore — just across-the-board price increases. So you have to look at more surgical solutions.” Targeting price increases…
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