If you can meet the qualification standards, have the necessary paperwork and are prepared to go through a much longer application and funding process, a traditional bank or SBA loan may be right for you. You will pay a lower interest rate and you may be able to secure a larger amount wi...
SHORT TERM LOAN LONG TERM LOAN SBAOur 3 Step Process: 1. Apply Fill out our Quick Apply application. 2. We review your application We review your goals and present you with programs matching your needs, getting an offer in 24 hours. 3. Receive funding Choose the program that fits you be...
Getting a loan for a business requires finding the right lender for your needs. Two lending options to be aware of include: Government loan programs backed in part by theU.S. Small Business Administration (SBA). Conventional loans from an independent lender, such as afinancial institution. ...
Only SBA Disaster Loans (including Economic Injury Disaster Loans or EIDL) are made by the U.S. Small Business Administration. All others are made by participating lenders. The loan process can take weeks or months, depending on the type of SBA loan you are trying to obtain. Pros Low ...
3812 Sepulveda Blvd Suite 310, Torrance (Los Angeles), CA 90505 Tel (310) 356-6500 Fax (310) 424-2979 *Rates as of 06/03/2019 – Loan programs, rates, terms and conditions are subject to change without any notice. Rates are not an offer for an extension of credit and are not a ...
Research available options, prepare a strong business plan, and demonstrate financial responsibility to increase your chances of securing a loan or grant for your business. Explore financing options offered by the Small Business Administration (SBA), which provides loans and grants tailored for small ...
While different loan programs have different timelines, the decision process is designed to be very quick. 5. Is business financing available for only certain industries? No. We understand the challenges that business owners face. That’s why you can use your financing for almost any industry. ...
SBA A loan program backed by the Small Business Administration that provides financing to small businesses for a variety of purposes Apply for SBA Equipment Financing A type of loan that helps businesses purchase or lease equipment, such as machinery or vehicles, needed to operate their business Ap...
However, a good credit history is necessary for securing a loan of this type. Step 10. Load up on insurance. Because one of the biggest risks to starting a sole proprietorship is the liability, having adequate insurance is a must. I learned the hard way that insurance is crucial. In my...
With an account in good standing, you can get a business credit card or a small business loan to help finance your expenses. The Connecticut Department of Economic and Community Development and the US Small Business Administration (SBA) offer financial resources to startups. The SBA has two ...