Every day, many people looking to become their own boss think to themselves, “I need a business loan” to start their new venture, but some may not have a business plan or even a business to begin with. So, how can they secure personal loans for business use? Is it even possible to secure personal loans for business use without a plan or a business?
Last month, the Federal Reserve raised its target federal funds rate for the first time in three years. While the increase was small, up from near zero by a quarter of a percentage point, it lays the groundwork for more hikes before the end of the year. What implications does this have on current interest rates on unsecured loans?