Key takeaways ; Business loans can be secured or unsecured, but all have set repayment periods, terms and interest rates ; Approval for a small business loan typically requires a good credit score, solid business revenue and a personal guarantee or collateral ; There are many potential lenders for a small business loan, including online lenders, banks, credit unions and peer-to-peer lending sites
Your quick guide on how to apply for a small business loan. Learn about the requirements, the process, and where to get started.
Your credit score plays a major role in your ability to qualify for any type of financing, including a small business loan. It also helps determine your interest rates, with strong-credit borrowers typically being offered the best rates. The credit score needed for a business loan varies by lender, but good or excellent credit will help you access the most affordable loan offers. If your credit is weaker, you may still be able to access a loan, but you might have to apply with an alternative lender and could end up with a higher cost of borrowi ...
Select breaks down what you should know about using a personal loan for small business expenses.
Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?
Ideal for: ; Working capital, improvements or refinancing ; Equipment, including machinery and vehicles ; Furniture and other office essentials such as printers, fixtures and more ; Purchasing, refinancing, building or renovating commercial property
Get small business loans starting at 12%* interest rate. Check your eligibility, calculate EMI and apply for small business loans online in India now!
You have a good idea and a lot of enthusiasm for a new business but you need money, probably in the form of a business loan. How do you get a business loan for a startup business? A bank loan for a...
CNBC Select rounded up the best small business loans that can help you get the capital your business needs to operate successfully.
The documents needed for a business loan will depend on the type of loan you're applying for. Learn the documents required for business loans here.