List of questions about [Financial]

If you're a small business owner wondering what banks do SBA loans or who does SBA loans, you're in the right place. SBA loans are a popular financing option backed by the U.S. Small Business Administration, but the loans themselves come from approved lenders like banks, credit unions, and specialized financial institutions. Choosing the right SBA lender can make a big difference in your loan approval process, interest rates, and overall experience.

In this detailed guide, we’ll cover the best SBA lenders for 2025, explain how SBA loans work, and give you tips on finding the best banks for SBA loans that fit your business needs.

What Are SBA Lenders and How Do SBA Loans Work?

SBA lenders are financial institutions authorized by the SBA to offer loans partially guaranteed by the government. This guarantee reduces the lender’s risk, allowing them to offer more favorable terms such as lower down payments, longer repayment periods, and competitive interest rates.

The SBA doesn’t lend money directly; instead, it partners with these lenders to help small businesses access capital. SBA loans come in various types, with the most common being:

• SBA 7(a) loans: The most popular loan type, used for working capital, equipment, real estate, and debt refinancing.
• SBA 504 loans: Designed for purchasing fixed assets like real estate or large equipment, often involving a Certified Development Company (CDC) alongside a bank.
• SBA Microloans: Smaller loans (up to $50,000) offered through nonprofit intermediaries to help startups and small businesses.

Who Are the Best SBA Lenders in 2025?

Based on loan volume, approval rates, and borrower experience, here are some of the top SBA lenders to consider:

1. Newtek Bank

Newtek Bank is currently the most active SBA lender by total loan amount, having issued over $1 billion in SBA 7(a) loans in fiscal year 2025. They serve U.S.-based, for-profit businesses with at least two to three years of tax returns. Newtek offers personalized service with a dedicated lending specialist who guides you through the entire process.

2. Huntington National Bank

Huntington approved the most SBA 7(a) loans in fiscal year 2024 and continues to be a top lender in 2025. They offer loans up to $5 million with down payments as low as 10%, along with SBA Express loans for faster access to smaller amounts. Huntington also runs the Lift Local Business Program, supporting minority-, women-, and veteran-owned businesses with financial education and SBA loan assistance.

3. Northeast Bank

Northeast Bank is a top lender by number of loans approved and total loan amount. Based in Maine, it offers SBA 7(a) loans up to $500,000 and streamlines the application process through online tools, making it easier for borrowers to apply with fewer documents.

4. Readycap Lending

Readycap Lending, a subsidiary of Ready Capital, has issued over $550 million in SBA 7(a) loans in 2025. They provide loans ranging from $350,000 to $5 million for business expansion, equipment purchase, working capital, and refinancing.

5. Live Oak Banking Company

Live Oak Bank is the second-most active SBA 7(a) lender by dollar amount and offers an online-based application process nationwide. They provide loans up to $5 million with up to 90% financing and typically require a 10% down payment. Live Oak also offers SBA 504 loans for larger projects.

6. JPMorgan Chase Bank

JPMorgan Chase, one of the largest banks in the U.S., offers SBA 7(a) loans up to $5 million and SBA Express loans up to $500,000. They provide SBA 504 loans for equipment and real estate purchases, with dedicated loan officers to assist borrowers.

7. Lendistry

Lendistry is a minority-led community development financial institution that focuses on underserved communities. They offer SBA 7(a) loans between $25,000 and $5 million with an entirely online application process and personalized customer support.

8. TD Bank

TD Bank ranks among the top SBA lenders by loan approval count and offers SBA 7(a) loans up to $5 million, SBA 504 loans, and SBA Express loans up to $350,000.

9. BayFirst National Bank

BayFirst offers a fast funding SBA Bolt Loan program with amounts up to $150,000 and funding within days. They also provide standard SBA 7(a) loans up to $5 million.

10. Celtic Bank

Celtic Bank offers SBA 7(a) loans up to $5 million, Express loans up to $150,000, construction loans, and SBA loans over $5 million. They are a preferred SBA lender headquartered in Utah.

How to Choose the Best SBA Lender for Your Business

Finding the right SBA lender depends on your business needs and preferences. Here are some tips:

• Start with your current bank or credit union: Existing relationships can speed up approval.
• Use the SBA Lender Match tool: Answer a few questions on the SBA website to get matched with lenders suited to your needs.
• Compare loan terms: Interest rates, fees, repayment terms, and down payment requirements vary by lender.
• Ask about the application process: Does the lender assign a dedicated loan specialist? How long does approval typically take?
• Check if the lender is SBA Preferred: Preferred Lenders can approve loans faster without SBA review.

What Do SBA Lenders Look For?

To qualify for an SBA loan, lenders typically require:

• A credit score of at least 640.
• A solid business plan and financial statements.
• Proof of ability to repay the loan.
• Collateral for larger loans.
• Usually two or more years in business (some exceptions for microloans).

Final Thoughts on SBA Lenders

SBA loans can be a lifeline for small businesses, offering affordable financing with flexible terms. Choosing the right SBA lender is crucial to getting the best deal and a smooth application experience. Whether you go with a big bank like JPMorgan Chase or a specialized lender like Live Oak Bank, make sure to shop around, prepare your documents, and understand your options.

If you're looking for a straightforward cashrewards card that offers solid cash back without complicated tiers or rotating categories, the Navy Federal cashRewards Credit Card is worth considering. But are Navy Federal credit cards good? And how do you get a Navy Federal credit card? This review breaks down everything you need to know about Navy Federal’s cashRewards cards, including the new cashRewards Plus version, rewards rates, fees, and sign-up bonuses.

Two Versions of the Navy Federal cashRewards Card

Navy Federal offers two very similar cashRewards cards:

• cashRewards Plus Credit Card: Earns 2% cash back on all purchases.
• cashRewards Credit Card: Earns 1.5% cash back on all purchases.

You apply once and get approved for either card based on your credit limit and profile. If your credit limit is over $5,000, you’ll receive the 2% cashRewards Plus card. If it’s under $5,000, you’ll get the 1.5% cashRewards card. Plus, if you start with the 1.5% card and your credit limit increases to $5,000 or more, you’ll automatically be upgraded to the Plus card.

Both cards require you to be a member of Navy Federal Credit Union, which is generally limited to military members, veterans, their families, and Department of Defense employees.

Generous Sign-Up Bonuses to Boost Your Rewards

New cardholders can earn a $200 cash back bonus if they spend $2,000 within 90 days of account opening. Additionally, you get a one-time $98 statement credit when you pay $49 or more for an annual Walmart+ membership with your card within the first year.

Keep in mind that Walmart+ auto-renews annually, and you’ll be charged automatically unless you cancel.

Simple, Flat-Rate Cash Back on Every Purchase

One of the biggest advantages of the Navy Federal cashRewards cards is their simplicity. You earn a flat percentage back on every purchase with no rotating categories or confusing tiers to track.

• CashRewards Plus: 2% cash back on all purchases.
• CashRewards: 1.5% cash back on all purchases.

This makes it easy to maximize your rewards without worrying about activating bonuses or hitting spending caps.

Low Fees and Useful Perks

Both cards come with no annual fee and no foreign transaction fees, making them excellent for everyday use and travel abroad. There are also no balance transfer fees, which is rare for cash back cards.

Additionally, both cards include secondary rental car insurance, which covers eligible rentals up to 15 days if you decline the rental company’s collision damage waiver and pay with your card.

Choose Visa or Mastercard

When applying, you can select either a Visa or Mastercard version of the card. Both networks offer similar benefits, but there are slight differences in perks and acceptance, so it’s worth comparing before you apply.

How to Get a Navy Federal Credit Card

To apply for a Navy Federal cashRewards card, you must first be a member of Navy Federal Credit Union. Membership eligibility includes:

• Current or former military members.
• Immediate family members of service members or veterans.
• Department of Defense employees.

Once you confirm eligibility, you can apply online through Navy Federal’s website. The application process is straightforward, and approval decisions often come quickly. If approved, your card will arrive within about a week.

Who Should Consider the Navy Federal cashRewards Card?

• Military members and their families who want a simple, rewarding cash back card.
• Anyone looking for a no-fee card with a flat cash back rate.
• People who want to earn rewards without tracking categories or complicated point systems.
• Those who travel internationally and want to avoid foreign transaction fees.
• Cardholders who value rental car insurance as a perk.

Final Thoughts: Is the Navy Federal cashRewards Card Right for You?

The Navy Federal cashRewards cards offer competitive cash back rates, excellent perks, and no fees, making them some of the best cash back credit cards available for eligible members. The 2% cashRewards Plus card is especially attractive for those with strong credit who qualify for higher limits.

If you’re eligible for Navy Federal membership, these cards are definitely worth considering. For those who aren’t, similar cards like the Wells Fargo Active Cash® Card also offer simple, unlimited 2% cash back with no annual fee.

Starting a new business is exciting, but one question keeps many entrepreneurs up at night: How do I get funding for my startup? Whether you’re launching a tech startup or a local service, understanding how to secure startup funding is crucial to turning your idea into reality. In this post, I’ll walk you through the best ways to get funding for your startup, including grants, loans, and smart strategies that work in today’s market.

Why Startup Funding Is Your First Big Challenge?

You might have the perfect product or service, but without money, your startup won’t get far. That’s why knowing the best funding for startup options can save you time and frustration. From personal savings to government grants, the right funding source depends on your business type, location, and growth goals.

How to Get Funding for Startup: The Basics?

When I first started, I asked myself, how do I get funding for my startup? Here’s what I learned:

• Personal Savings and Bootstrapping: Many entrepreneurs start by using their own money. It’s low risk but can limit how fast you grow.
• Friends and Family: Raising money from people who believe in you can be easier but requires clear agreements.
• Angel Investors and Venture Capital: These investors provide larger sums but expect equity and strong growth potential.
• Bank Loans and SBA Loans: Traditional loans are an option if you have good credit and a solid business plan.
• Grants for Tech Startups: If you’re in tech, look for government or private grants that don’t require repayment.
• Crowdfunding: Platforms like Kickstarter or Indiegogo let you raise funds from the public, great for product launches.

Grants for Tech Startups: A Hidden Gem

Tech startups often have access to grants that other businesses don’t. These grants can provide non-dilutive capital—meaning you don’t give up ownership. To find these, check out government programs like the Small Business Innovation Research (SBIR) in the U.S., or local tech incubators.

Tips to Improve Your Startup Business Funding Chances

• Craft a Clear Business Plan: Investors and lenders want to see your path to success.
• Keep Your Finances Transparent: Organize your personal and business financials.
• Network Actively: Attend startup events and pitch competitions.
• Avoid Unverified Funding Sources: Stay clear of bots or shady lenders promising instant money.

What I Wish I Knew Before Seeking Startup Funding

• Funding takes time—don’t expect instant approval.
• Your credit score matters, even for startups.
• Different funding sources have different requirements—do your homework.
• Grants are competitive but worth applying for.

Final Thoughts: Start Your Funding Journey Today

Getting startup funding is challenging but achievable. Whether you’re looking for grants for tech startups or the best funding for startup ideas, preparation is key. Start by polishing your business plan, checking your credit, and exploring trusted platforms.

Why You Need a Financial Plan Now (And How to Start)

If you've ever wondered how to stop living paycheck-to-paycheck, save for a house, or finally feel confident about retirement, you're not alone. Millions search for answers, and the solution lies in one powerful tool: a financial plan.

Contrary to popular belief, a financial plan isn’t just for the wealthy. It's a roadmap for anyone who wants to take control of their money and build the future they envision. This guide will break down personal financial planning into simple, actionable steps to help you make informed decisions and secure your financial destiny.

What Is Financial Planning? Your Financial GPS

Financial planning is the ongoing process of setting goals, assessing your current financial health, and creating a tailored strategy to bridge the gap. Think of it as a GPS for your finances—it guides you from where you are today to where you want to be tomorrow.

Whether your dream is buying a home, funding your child's education, or retiring early, a solid financial plan prepares you for life's twists and turns. Consider this: a 2024 study found that 78% of Americans don't have a formal financial plan. Without one, you're navigating your financial journey blindfolded.

The Core Benefits of a Financial Plan:

1- Clarity: It answers the critical question, Am I on track?

2- Control: It helps you prioritize spending, avoid debt, and focus on what truly matters.

3- Confidence: It provides the peace of mind that comes from knowing you're prepared for emergencies and your long-term goals.

What Is a Financial Plan? Your Blueprint for Success

A financial plan is more than a budget; it's a comprehensive document that outlines your complete financial strategy. Key components include:

1- Cash Flow Analysis: Tracking your income and expenses.

2- Goal Setting: Defining both short-term (e.g., a vacation) and long-term (e.g., retirement) targets.

3- Investment Strategy: Using assets like stocks, bonds, or funds to grow your wealth.

4- Debt Management: A structured plan to pay off loans and credit cards.

5- Risk Management: Protecting your plan with insurance and an emergency fund.

How to Create Your Financial Plan in 5 Simple Steps

Ready to build your own roadmap to financial freedom? Follow these steps:

Step 1: Set SMART Financial Goals
Be specific and realistic. Instead of save more money,  set a clear target.

1- Example: "Save $10,000 for a home down payment in three years.

2- Example: "Pay off $5,000 in credit card debt within 18 months.

Step 2: Assess Your Current Financial Situation
Honesty is key. Take a full snapshot of your finances:

1- Income: Your monthly take-home pay.

2- Expenses: All monthly costs, from rent to subscriptions.

3- Assets: Your savings, investments, and property.

4- Liabilities: All debts, including student loans and credit cards.

Step 3: Create a Sustainable Budget
A budget is the engine of your plan. A popular method is the 50/30/20 rule:

1- 50% for Needs: Housing, groceries, utilities.

2- 30% for Wants: Dining, entertainment, hobbies.

3- 20% for Savings & Debt Repayment: Your future and financial freedom.Adjust these ratios to match your specific goals, like allocating more to debt repayment.

Step 4: Build Your Safety Net and Grow Your Wealth

1- Emergency Fund: Prioritize saving 3-6 months' worth of essential expenses.

2- Retirement: Contribute to a 401(k) or IRA.

3- Investing: For long-term growth, consider low-cost index funds or ETFs.Pro Tip: Automate your savings and investments to make building wealth effortless.

Step 5: Know When to Seek Professional Help
For complex situations like estate planning or significant investments, a certified financial planner (CFP) can offer valuable, personalized advice. Opt for a fee-only advisor to ensure unbiased guidance.

Your Financial Destiny Awaits

This is more than a guide—it's your call to action. Understanding "what is financial planning" is the first step toward transforming your financial stress into success.

By creating a personal financial plan, you empower yourself to build wealth, eliminate debt, and live life on your terms. Start small, stay consistent, and remember: your future self will thank you for the steps you take today.

Dreaming of a bigger paycheck? The idea of living in a state without income tax can seem like an instant raise. As of 2025, eight states fit this description: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming. An additional state, Washington, doesn't tax earned income but does levy a 7% tax on long-term capital gains over $270,000. But before you pack your bags, it's crucial to understand how these states keep the lights on and what it means for your wallet.

How Do States Without Income Tax Make Money?

if a state isn't collecting income tax, how does it fund schools, roads, and public services? The answer lies in a diversified approach to revenue generation. These states have become creative in how they finance their operations, ensuring they can still provide for their residents.

The Power of Sales and Property Taxes

One of the primary ways states without an income tax make up for the revenue is through higher sales and property taxes. For instance, Texas is known for having some of the highest property tax rates in the nation. Similarly, states like Florida and Tennessee rely heavily on sales tax to fund state services. So, while you might be saving on income tax, you could end up paying more when you buy a new home or go shopping.

Tapping into Natural Resources and Tourism

Some states have unique economic advantages that they leverage. Alaska, for example, funds a significant portion of its government through taxes on its vast oil and gas production. In fact, the state even provides an annual dividend to its residents from the Alaska Permanent Fund.    Nevada, on the other hand, leans on its booming tourism and gaming industries to generate revenue.

Other Revenue Streams to Consider

Beyond sales and property taxes, states without an income tax utilize a variety of other fees and taxes to fill their coffers. These can include:

Excise Taxes: These are taxes on specific goods like gasoline, alcohol, and tobacco. Corporate Taxes: While they may not tax personal income, some of these states, like Florida, do have a corporate income tax. Wyoming, however, has neither an individual nor a corporate income tax. Fees for Government Services: This can include everything from vehicle registration to fees for state parks.

The Pros and Cons of Living in US States Without an Income Tax

The most obvious benefit of living in a state without an income tax is that you keep more of your hard-earned money. This can be especially advantageous for high-income earners.  Additionally, retirees can benefit as their retirement income, including pensions and Social Security, often isn't taxed at the state level.  

However, the lack of an income tax doesn't automatically translate to a lower cost of living. As mentioned, higher property and sales taxes can offset the savings. Furthermore, some of these states may have fewer public services or less funding for education and infrastructure due to revenue limitations. It’s also worth noting that the cost of home and auto insurance can be significantly higher in some of these states, such as Florida and Texas.

Is a Move to a State Without an Income Tax Right for You?

Ultimately, the decision to move to a state without an income tax depends on your individual financial situation and lifestyle. It's essential to look at the complete tax picture, not just the absence of an income tax. Consider your spending habits, whether you plan to own property, and the importance of public services in your decision-making process. For instance, a high-earner who rents may find significant savings, while a family with children might prioritize states with better-funded public schools.

Before making a move, do your research and consider visiting the state to get a feel for the culture and cost of living.

If you're looking to learn more about managing your finances, whether you live in a state with income tax or not, exploring educational resources can be a great first step.

If you’re trying to decide between Capital One vs Discover credit cards, you’re not alone. Both are popular choices for people looking to build credit, earn rewards, or get great perks. But which one is better? Whether you’re comparing Discover vs Capital One, or specifically looking at Discover it vs Capital One cards, this guide will break down the key differences to help you make the right choice.

Capital One or Discover: Which One Is Better?

Choosing between Capital One and Discover depends on your spending habits, credit goals, and what you want from a credit card. Here’s a quick look at what each offers:

Capital One Highlights

• Wide range of cards for all credit levels, from beginner to premium.
• Simple rewards programs, often with flat-rate cash back or miles.
• No foreign transaction fees on many cards, great for travelers.
• Easy-to-use mobile app and solid customer service.

Discover Highlights

• Known for its cashback rewards, especially the popular Discover it card with rotating categories.
• Cashback Match feature: Discover matches all the cash back you earn in your first year — a big plus for new cardholders.
• No annual fee on most cards.
• Strong customer service and free FICO credit score monitoring.

Discover vs Capital One Credit Card: Rewards and Benefits

If you want to maximize rewards, the Discover it vs Capital One debate often comes down to how you spend:

• Discover it offers 5% cash back on rotating categories like groceries, gas, or restaurants (up to a quarterly max), and 1% on everything else. Plus, your first-year cash back is matched.
• Capital One’s popular cards, like the Capital One Quicksilver, offer a flat 1.5% cash back on all purchases — no need to track categories.

If you prefer simplicity, Capital One’s flat-rate rewards might be easier. But if you’re willing to plan your spending around categories, Discover’s rotating rewards can earn you more.

Fees and Interest Rates: What to Watch For

Both issuers generally offer competitive APRs, but they vary by card and creditworthiness. Here’s what to know:

• Neither Capital One nor Discover charge an annual fee on many of their entry-level cards.
• Capital One cards often waive foreign transaction fees, while Discover’s acceptance outside the U.S. is more limited.
• Late payment fees and penalty APRs are similar, so always pay on time to avoid extra costs.

Which Card Is Best for You?

• If you want simple, straightforward rewards and travel perks, Capital One might be your best bet.
• If you want to maximize cash back with rotating categories and a first-year match, Discover it is a strong contender.
• For beginners building credit, both offer cards with no annual fee and helpful credit tools.

Final Thoughts on Capital One vs Discover

Both Capital One and Discover provide solid credit cards with unique benefits. Your choice depends on what fits your lifestyle and financial goals. Want to travel internationally? Capital One’s no foreign transaction fees are great. Looking to boost cash back quickly? Discover’s cashback match is hard to beat.

Before applying, compare specific cards on their official sites or platforms like NerdWallet or Credit Karma to see current offers and rates. And remember, always check your credit score before applying to increase your chances of approval.

The Day I Opened My First Discover HYSA—And Unlocked a Hidden Bonus

A few months ago, I was tired of watching my money sit in a regular savings account, barely earning any interest. That’s when I started searching for “Discover HYSA,” “Discover savings bonus,” and “Discover offer code.” I wanted a legit way to grow my savings faster—without jumping through hoops. That’s how I landed on Discover’s High-Yield Savings Account (HYSA). I was skeptical at first, but after signing up and claiming a bonus with a promo code, I realized how much I’d been missing out on.

If you’re wondering, “Is a Discover savings account good?” or “How to refer a friend on Discover?”—you’re in the right place. Here’s what I learned, and how you can make the most of your savings.

What Is Discover HYSA? Why Savvy Savers Are Making the Switch

A Discover HYSA is a high-yield savings account that offers a much higher interest rate than traditional savings accounts. Here’s why it’s gaining popularity:

• Competitive APY: Discover’s HYSA typically offers rates several times higher than the national average, helping your money grow faster.
• No Monthly Fees: There are no maintenance fees, making it easy to maximize your returns.
• Easy Online Access: Manage your account anytime with Discover’s user-friendly app or website.
• FDIC Insured: Your deposits are protected up to the legal limit.

Discover Savings Bonus, Offer Codes, and Promos: How to Maximize Your Earnings

One of the biggest draws for new customers is the Discover savings bonus. Here’s how you can take advantage:

• Promo Codes: Look for Discover offer codes online or during special promotions. Enter these codes during account opening to qualify for a cash bonus.
• Referral Program: Already a customer? Use your unique referral link to invite friends. When they open a qualifying account, both of you can earn a bonus.
• Seasonal Promos: Discover often runs limited-time promotions—keep an eye on their website or sign up for email alerts.

Pro Tip: Always read the terms. Bonuses usually require a minimum deposit and keeping your balance for a set period.

Is a Discover Savings Account Good? The Honest Pros and Cons

Pros:

• High APY compared to traditional banks
• No monthly fees or minimum balance requirements
• Strong reputation and customer service

Cons:

• No physical branches (online-only)
• Bonuses may require some initial effort to qualify

Bottom Line: For most savers in the US, Discover’s HYSA is a smart choice if you want to earn more without risking your money.

How to Refer a Friend on Discover and Earn Even More

Referring a friend is simple:

1. Log in to your Discover account.
2. Find your unique referral link in the “Refer a Friend” section.
3. Share the link with friends or family.
4. When they open and fund their account, you both receive a bonus!

Key Takeaway: Don’t Let Your Savings Sit Idle

Opening a Discover HYSA changed how I think about saving. Between the high yield, easy bonuses, and referral rewards, it’s one of the best moves I’ve made for my money.

Closing Thought: Your Next Big Savings Win Could Start Today

If you’re tired of low interest and want to unlock real rewards, now’s the time to explore Discover HYSA. Search for the latest “Discover savings bonus” or “Discover offer code,” and start growing your savings smarter—not harder.

Want more tips on banking, saving, and earning bonuses? Subscribe for updates and never miss a money move!