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After four years of the first Trump term marked by divisive politics, erosion of democratic norms, and economic uncertainty, the prospect of another four years has prompted a growing number of Americans to explore expatriation. However, leaving the US permanently as a citizen involves significant tax, legal, and logistical considerations that prospective expats must navigate carefully. Here are the key things US citizens need to know about expatriating under a second Trump presidency. Laying the Groundwork: Residency or Citizenship in Your New Country Establishing residency or citizenship in a new country is the first step in any relocation. Typically, this…
A closer look at the best long-term business loansBest for repayment terms up to 25 yearsU.S. Small Business AdministrationSBA 7(a) loanMaximum term length: 25 years.For-profit U.S. business.Unable to access credit on reasonable terms from nongovernment sources.Financial qualifications determined by individual lender.ProsLarge borrowing maximums.Interest rates are capped.Long repayment terms available.ConsPersonal guarantee is required.Collateral is typically required.Longer processing times than online lenders.Bank of America Business Advantage Unsecured Term LoanBest for low interest ratesBank of AmericaBank of America Business Advantage Unsecured Term LoanMaximum term length: 60 months.Minimum credit score: 700. Minimum time in business: 24 months.Minimum annual revenue: $100000 .ProsBank loan with competitive…
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