Like any loan, a small business loan is money borrowed from a lender that must be repaid with interest. Learn more and how small business loans work here.
Understanding how business loans work can help you find the right loan for your business, which can be a lifeline when used responsibly.
Written by Kacie Goff , Edited by Emily Maracle ; Published on June 11, 2024 | 4 min read
Appraised Home Value, $350,000 ; Less Outstanding Mortgage Balance, – $150,000 ; Home Equity, = $200,000 ; 80% of Home Value, $280,000 ; Less Outstanding Mortgage Balance, – $150,000 ; Potential Loan Amount, = $130,000
If you’re wondering how to get a business loan, use this easy guide and learn how to prepare, apply, and get a loan for your small business.
Understanding how business loans work can help you find the right loan for your business, which can be a lifeline when used responsibly.
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Written by TJ Porter , Edited by Robert Thorpe ; Published on March 06, 2024 | 6 min read
How Do Business Loans Work? A business loan works similarly to a personal loan, though there... Small businesses operating in volatile markets have less bargaining power. So they might not...
Many different kinds of business loans exist, including the following: Small Business Administration (SBA) loans · Private loans · Term loans · Invoice factoring · Merchant cash advances · Secured and unsecured loans · Loans from alternative lenders · Microloans