First State Bank and Trust

Getting approval for a small business credit card isn’t difficult and usually doesn’t need lots of paperwork. But the big question is, how to get approval for a small business credit card.  You can get approval for a small business credit card if:  You own a legal business – You can apply for a small business credit card if you already own a business. You have to submit your Employer Identification Number (EIN) and your Social Security number. Moreover, you need to maintain a good credit score as your personal credit report will be determined for the approval of a new business credit card. Your revenue – Don’t lie about your income when you’re applying for a small business credit card. Tell the truth and go through a financial review with a bank. If you’re a start-up and haven’t earned much, don’t worry to share your right income. You can also share the estimated income - if you’re sure that you can earn that. But if you haven’t started earning yet, your smal...

What is a personal loan? Personal loans are loans in which you borrow a fixed amount of money from the lender and pay it back with interest in monthly installments over the life of the loan. The personal loan time period may vary from 12 to 84 months. Your account will be closed once you pay your loan in full. You can apply for a new loan if you need more money.  Types of personal loans- There are two types of personal loans: · Secured loans · Unsecured loans  Unsecured loans don’t need any collaterals. Your financial history is checked to approve your loan. Secured loans are backed by collateral, such as a savings account or any other asset. If you’re unable to pay your installments on time, your lender typically has the right to claim your asset as payment for the loan.  Interest rate and other fees  Interest rates: Interest rate may vary from 5-36%, depending on your credit history and your lender. In general, the less...