Being a single parent is not easy. In fact, in the last month alone you have worked a wedding for 800 guests, packed up.a house and moved into another house, prioritized parenting, and changed out a water heater. Without the help of the personal loan that you were able to make it through all of these challenges and are ready for what the future holds.
Finding a way to make sure that your are able to buy a house, make a home improvement, and reach your parenting goal.
Unfortunately, there are many times in our lives when we are unable to reach the goals that we have if we do not have access to personal loans, business loans, or car loans. And while it is always important to understand terms of the loan, including interest, it is difficult to imagine navigating much of our lives today without outside financial assistance.
Various Loan Types Allow Many Companies to Succeed
Whether you are a single parent or a business owner, there will come times when you simply cannot meet your financial needs without a loan. Fortunately, there are a wide range of personal loans and businesses loans that can help you create the best situation and opportunity for success. Consider some of these facts and figures about the kinds of loans that people most often take out and the advantages that they offer:
- 43.9% of mortgages originate by banks.
- 9% of mortgages originate by credit unions.
- $244,000 is the average new mortgage balance.
- 754 is the median credit score for a new mortgage.
- Across the nation $9.9 trillion is the total mortgage debt of borrowers in America.
- 82% of businesses that fail do so because of cash flow problems.
The latest research indicates that there are 28.8 million small businesses in the U.S., according to the U.S. Small Business Administration. These businesses have 56.8 million employees, to they are responsible for a significant part of the nation’s economy. As a result, it is important that these businesses succeed because many employees and families rely on this income. Unfortunately, only 66% of business survive two years in business, and 50% of all businesses will only survive five years. The encouraging news, however, is that 33% will survive 10 years.
No matter where you are in your life, it is important to realize that there are resources available if you find yourself needing more cash for a new house, a business expansion, or other kind of life change.