In Debt Weekly

kate_sept2004/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways SBA 7(a) loan rates range from 10.50% to 15.50%, depending on whether it’s a fixed or variable rate loan. The SBA limits interest rates to keep loans accessible to financially disadvantaged businesses. Loans over $1 million also come with guarantee and…

Key takeaways The best time to refinance is when your credit score or overall financial situation has improved. Generally, you should aim to either lower your interest rate or your monthly payment — preferably both. Avoid refinancing when auto loan rates are high or if you won’t be able to…

Key takeaways The Federal Reserve sets interest rates for banks to borrow from each other, which in turn sets interest rates for business loans and lines of credit. The Fed’s rate sets the pace for borrowing costs, making it easier or harder for businesses to get approved for loans. The…

Roth IRAs and traditional IRAs can be a great way to save and invest for retirement, but they come with specific income and contribution limits. The IRS generally adjusts these limits each year to account for inflation. Roth and traditional IRA contribution limits Each year, you can contribute a specific…