SBA 7(a) loan ; Max loan amount · $5,000,000 ; Min. credit score · 650 ; Est. APR · 10.75-14.25%
Understanding SBA Loans: An Essential Resource for Small Businesses Securing the right funding can make all the difference for small businesses looking to grow…
When you're setting up or looking to grow a business, you may need a business loan to help with the costs. ; A business loan is different from a personal loan. The funds must be used for business purposes and you'll need to provide information about your business, its turnover and profit when you apply. ; Business loans can be short-term or long-term, but all involve borrowing a lump sum and then paying a set amount of interest each month until the debt is paid off.
Need a small loan fast? We've vetted these small-business loans for you.
New Government Pilot Loan Program Aims to Speed Approvals for Servicemembers · The Small Business Administration is testing a new program, Patriot Express, to speed loans to entrepreneurial veterans and members of the military. The new program will lend up to $500,000 compared with the $350,000 maximum of comparable nonmilitary loans, and will offer government guarantees up to 85%, versus 50% on nonmilitary loans—which encourages banks to make the loans. The loans will be available to spouse...
Entrepreneurial steps and resources for veterans ; Let your military experience inspire your business idea: Military experience can often translate directly into the business world and present obvious business ideas. For example, Marc Alacqua, Steve Davis and Altaf Bahora took the same type of technology they used in intelligence for special operations forces in Afghanistan to build a data fusion and content analytics tool. The company they founded, Signafire, counts JP Morgan, Chase, Major Leag...
credit score: 575 for working capital loans and 650 for term loans, Min. revenue: $120K annually for line of credit, $250K for working capital and term loans, Max. loan amount: Up to $2M for working capital loans, $500k for term loans and $6M for commercial real estate loans, Fees: Underwriting fee ($250-$400) at the time of closing
There are many financing options for a business to get funding. Explore 13 proven strategies to get business funding and raise capital from grants to loans.
A personal loan can help you make your business plan a reality. Start with our review of the best personal loans for business.
Huntington offers small businesses loans and financing. Apply for a small business loan at Huntington Bank.