Smiling African-American woman in front of her laptop, representing getting a business loan without already having a business

I Need a Business Loan but Do Not Have a Business Plan. What Do I Do?

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?

Yellow traffic sign announcing "higher interest rates ahead," representing the impact of higher interest rates on unsecured loans.

Rising Interest Rates: What This Means for Unsecured Loans

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?