Business Loans Blog Posts | Page 12

The 7 Best $10K Small Business Loans

A $10,000 business loan is a fairly small amount, so it shouldn’t be too difficult for many businesses to receive one. Many online lenders have short applications and can fund as quickly as the same business day of approval. Lenders may evaluate factors including personal credit score, monthly or annual revenue, and time in business to determine if you qualify.

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Apr 10, 2024 Filed under: Business Loans, Small Business

Best $5K Small Business Loans

Since the loan amount is so low, many small business owners will be able to get a $5K small business loan. While not exactly difficult, one thing to remember is that $5,000 loans usually come with short repayment terms and higher interest rates.

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Apr 10, 2024 Filed under: Business Loans, Small Business
sba default on loan

SBA Loan Default: What Happens When You Default & What You Can Do About It

If you default on your SBA loan, you’ll be notified by the lender. If you’re unable to get on track with your loan, your lender may seize your assets. The lender will later reach out to the SBA to receive the guaranteed portion of the loan, and the SBA will contact you seeking payment. If payment isn’t received or an agreement isn’t made, the SBA will report the loan to the Treasury Department, which can take further action against you.

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May 18, 2023 Filed under: Business Loans, Small Business

The Best Medical Practice Business Loans & Financing Options

Doctors are among the top-paid professionals in America, but the cost of doing business sure isn’t cheap. There’s the pricey medical equipment, medical licensing costs (not to mention the cost of medical school to earn those licenses!), malpractice insurance, practice management software, medical association fees … and the list goes on. On top of the […]

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Jan 9, 2020 Filed under: Business Loans
personal loans used for business

How To Get A Personal Loan To Start A Business

Even if you have a steady income and a high personal credit score, additional requirements such as time in business or a business credit score make it a tough task to get a business loan. This can be a problem, particularly for startups. Using a personal loan for business allows you to bypass some of these restrictions to get financing for your business.

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Jul 6, 2023 Filed under: Business Loans, Small Business