Do you need to put down money to get a small business loan? How much? We answer all your business loan down payment questions here.
When it comes to applying for a business loan, it can be wise to apply for one before you need it. If you choose to do that, you should aim to come to your loan application meeting ready—some company owners are not able to meet business loan requirements whenthey need cash...
Asmall business loanis a form of financing that provides a capital infusion to a business, often to fund an expansion or smooth out short-term cash flow problems. There are various types of loans for businesses, such as business term loans and startup loans. Some of the financing tools fo...
Getting a business loan can be important for running and building your company, whether you’re expanding to a new location, preparing for a busy season, or dealing with an emergency repair. However, requirements, rates, and repayment terms can vary depending on the type of loan. If you wan...
The article discusses the lender required insurance coverage for individuals availing a Small Business Administration (SBA) loan. The basic types of SBA insurance coverage include hazard/property insurance , flood insurance, liability insurance, and life insurance. Other additional insurance coverage ...
What SMBs Should Know Before Applying for a Business Loan Small business loans are extended to business owners for purposes ranging from working capital (day to day expenses), to financing new equipment, to financing commercial real estate. Loans often come into two broad categories: ...
Banks don’t just look at the business; they also look at the owners behind the company. If you or your partners have delinquent tax returns or tax accuracy issues, that could be a significant complication in your bank loan application. Before you file for a bank loan, review at least yo...
Those who own 20% or more of a business obtaining an SBA loan generally have to sign a personal guarantee, meaning they’re personally liable for repaying the loan if the business can not. Specific requirements by loan type Different types of SBA loans offer different maximum loan amounts, ...
A business in California may want a commercial loan for a range of reasons, such as a one-time, business-related emergency, an expansion opportunity or to address a cash-flow problem. Various types of loans are available, and they all come with pros and cons. The right type of loan depe...
Typically, business loan amounts are high, incurring more risks for lenders. “In most cases, lending a huge pile of cash without a personal guarantee would simply be a bad business decision on the lender’s part,” Messier noted.