Key takeaways To discover the total business loan cost, calculate the loan’s principal and interest over the repayment term to figure out the monthly repayment.…
kate_sept2004/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways SBA 7(a) loan rates range from 10.50% to 15.50%, depending on whether it’s a fixed or variable rate loan. The SBA limits interest rates to keep…
The Federal Reserve on Wednesday announced its third interest rate cut of the year as policymakers moved forward with the cut to support the labor market despite elevated inflation. Fed policymakers voted to lower the benchmark federal funds rate by 25 basis points to a new range of 3.5% to 3.75%.…
GoFundMe’s 2025 “Year in help” review found that its crowdfunding platform was increasingly used by Americans to fundraise for basic economic needs. “Monthly bills” was the second-fastest growing category on the platform behind “Charity.”The review found that the most common words in fundraiser descriptions this year were “work,” “food,” “bill,”…
Roth IRAs and traditional IRAs can be a great way to save and invest for retirement, but they come with specific income and contribution limits. The IRS generally adjusts these limits each year to account for inflation. Roth and traditional IRA contribution limits Each year, you can contribute a specific…
Sabrina Leonard’s life has grown more difficult over the past two years. The 49-year-old Spring Hill, Kansas, resident has watched her rent, utilities and grocery bills steadily rise while her paycheck has remained the same. Things came to a head in early 2025. She was $600 short on rent, $700…
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The Federal Reserve’s preferred inflation gauge showed that consumer prices remained elevated in September, ahead of the central bank’s policy meeting next week. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose…
