The Covid-19 pandemic has affected many individuals and businesses around the world financially. Thus, it’s not surprising that there’s a significant number of loan applications since the pandemic hit because many individuals have lost their jobs and businesses have been closed down.
When it comes to loans, one of the go-to places to apply for one is banks. Banks offer different types of loans that suit the needs of individuals and businesses. However, like other loans offered by credit unions and online lenders, you need to consider the pros and cons of bank loans.