Lending Basics
Principal Balance
The outstanding amount of a loan that has not yet been repaid, excluding interest and fees. Loan payments are applied first to accrued interest and then to reduce the principal balance.
Lending Basics
The outstanding amount of a loan that has not yet been repaid, excluding interest and fees. Loan payments are applied first to accrued interest and then to reduce the principal balance.
Capital Brief
Every Thursday: rate changes across SBA, MCA, and term loans, fresh lender reviews from our analyst desk, and funding opportunities surfaced before they close.