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 rates Favorable terms Borrow as much as $5 million Backed by the U.S. government Cons Difficult to ...
A small business loan can be beneficial to growing your business or continuing operations. However, taking on debt without knowing the facts can be dangerous, with irresponsible borrowing leading to unpaid debt, collections, or even bankruptcy. That’s why it is important to understand small busine...
We’ve helped thousands of business owners obtain the capital they need for everything from new hires to expansion and all things in between. Apply with Excel Capital today: Get the capital your business needs– fast. Apply for a small business loan with Excel Capital: Apply Now Step 1: De...
How to Get a Bank Loan for Your Small Business How a Microloan Can Help Your New Small Business More Related articles In partnership with,presents the b. newsletter: Building Better Businesses Insights on business strategy and culture, right to your inbox. ...
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
what lenders will see when you ask for a loan. If there’s not much in there, it will generally be harder to get a loan because lenders can't assess your risk as a borrower. This means you may need to build credit before you obtain a loan by gradually adding loans to your history...
This means that if your business falls within the real estate and lending, or wholesale and retail industry, it may be harder to gain approval for a loan. This is due to the large outstanding creditors already in place. However, if your small business works in finance or insurance, yo...
In addition to high rates, lenders are tightening their eligibility requirements. This can make it more difficult for borrowers with bad credit to secure an auto loan, let alone get a good rate. Although it will take more work to find a competitive auto loan, you don’t have to settle fo...
Here’s what you need to know about credit cards, how they work, and how to avoid getting sucked into a debt trap. Key Points A credit card is essentially a short-term loan. Carrying a balance will lead to high interest costs. Pay more than the monthly minimum to avoid becoming overwhe...
If you're wondering how to obtainfinancingto expand your small business, a loan from theSmall Business Administration (SBA)may be just the solution that you need. Low-interest, long-term SBA loans are a viable option for business owners suffering substantial disaster-related physical or economic...