Business Loans Blog Posts | Page 4

With high borrowing limits, long repayment terms, competitive interest rates, and less stringent requirements than traditional low-interest loans, it’s no wonder SBA loans are highly sought by small business owners.

Inventory financing is a type of asset-based loan in which the inventory you’re purchasing with the loan is used as collateral to secure the loan. Depending on the arrangement, the lender may also require you to put up your accounts receivable as collateral. The amount of financing you receive is directly related to the value of the inventory in question, usually 70 to 80% of the inventory’s value. Read our article for the full story on inventory financing, including rates and terms.

Many businesses may need to borrow money from time to time in order to purchase inventory. But what are the best loan options for small businesses that need to buy inventory?

Take a look at our picks for the best small business loans for cash flow issues, business expansion, debt consolidation, bank financing, and other common business financing needs.

The following lenders will work with you for a business loan even if you have bad credit — and they won’t take advantage of you.

An SBA 7(a) Loan is a finance option offered to small businesses, backed (or guaranteed) by the Small Business Administration to reduce the risk involved on the part of the lender. 7(a) products are intended for businesses that may be unable to procure other, more traditional, loans. The loan guarantee provided by the SBA gives business owners a chance to fund their small business needs.

Many business financers won’t lend to nonprofits, but that doesn’t mean your organization lacks funding options. Don’t waste time looking for funding in the wrong places. Learn where to look for nonprofit-friendly financing options right here.

The SBA has created business loan programs for veterans and active servicemembers who might otherwise have trouble getting financing for their small business or startup. Find out if one of these VA loan programs is right for your small business needs.

Could your business qualify for free money via a business grant? Learn about some of the best grants available to small business startups, including green businesses, rural businesses, women-owned businesses, nonprofit organizations, veteran-related businesses, minority-owned businesses, and others.

For small businesses searching for funding, the debt service coverage ratio plays a huge factor in lending decisions. Lenders use your DSCR to determine whether you can afford to make regular loan payments and how much you can borrow.