What is the rule of 72 for a business loan?

Answer Business loans often include a high interest rate. Using the rule of 72, a borrower or lender can determine how fast it takes to pay back double the original principal loan amount.Double the Paymen... Read More »

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How to Integrate a Business Rule Management System?

A Business Rules Management System (BRMS) is a software system used to create, maintain, deploy, execute and monitor often complex decision logic i.e. business rules. Such systems incorporate a bus... Read More »

What is a business loan?

A business loan is a bank loan that is granted to a business. The loan must be repaid with interest on or before a date specified by the bank.Loan ApplicationA loan application is filled out in eit... Read More »

What is the difference between the silver rule and the golden rule?

Both the silver and the golden rules were written to serve as basic moral principles. Both are said to have Judeo-Christian roots, however, similar messages permeate many cultures and no one philos... Read More »

What is a micro business loan?

A micro loan is a small loan, usually between $1,000 and $35,000. Micro loans can be easier for a small business to get than a standard commercial loan because the amounts are smaller and therefore... Read More »