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Business Loans Blog Posts

woman sitting at desk looking at a business line of credit

The 6 Best Unsecured Lines Of Credit For 2023

Every small business has different needs when it comes to capital, so the best unsecured line of credit for one company may differ from that of another. While you always want to minimize the cost of borrowing in terms of interest rates and fees, you’ll also want to keep in mind whether your needs or long- or short-term, and how quickly you need access to your money.

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Aug 22, 2023 Filed under: Business Loans

The 7 Best Commercial Construction Loans

When searching for a great commercial construction loan, you’ll want to keep in mind the size of the project, how quickly you need funding, and the resources you have available to use as collateral or downpayment. For many small businesses, an SBA 504 loan will be the best option for major construction projects. Others may be better served by bank loans or alternative loans.

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Jul 10, 2023 Filed under: Business Loans
declined business loan

What To Do If Your Business Loan Is Denied

Your business loan may be denied for reasons including low credit score, not enough revenue, lack of collateral, or an incomplete loan application. Your lender should provide written notice as to why your loan was denied. However, you can also reach out to the lender directly to learn more about why you weren’t approved.

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Jun 28, 2023 Filed under: Business Loans, Small Business
how to get a bank business loan

How To Get A Small Business Loan From A Bank

A bank small business loan is a loan that a business owner receives from a bank. This can be a traditional loan that provides a lump sum of cash, or a more flexible option like a business line of credit. Bank loans typically offer low rates and long repayment terms but may be more difficult to qualify for than other types of business funding.

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Jun 16, 2023 Filed under: Business Loans, Small Business
sba loan repayment

How To Repay Your SBA Loan

Small business owners that navigate the complex and lengthy Small Business Administration loan process are rewarded with low-cost, long-term business funding. Now that the hard part is over, it’s not uncommon to have questions about what comes next, like repaying your loan.

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Jun 9, 2023 Filed under: Business Loans, Small Business
business loan proposal

How To Write A Business Loan Proposal

A business loan proposal is your opportunity to explain to a potential lender why they should take on the risk of lending to you. It’s a persuasive essay to convince the bank you are a viable business that will not default — you will paint that picture both with a narrative about your business and your profit/loss metrics.

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Jun 8, 2023 Filed under: Business Loans, Small Business
personal loan vs business loan

Personal Loans VS Business Loans: Which Funding Option Is Right For You?

When it comes to loans, every business has unique needs. What works for one business might not work for your own. Before even seeking out a lender, determine if your business can afford a loan and if the loan will truly help your business grow. Then, carefully weigh out the pros and cons of business loans versus personal loans to find the best match for your specific circumstances

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Jun 8, 2023 Filed under: Business Loans