Business Loans Blog Posts | Page 8

Minority-owned small businesses statistically have a harder time getting financing, especially if the owner has poor credit. Improve your chances by using one of these minority-friendly loan programs.

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.

Kickstarter can be a great way for small businesses to raise funds — but it’s not the only crowdfunding platform available. Take a look at the best sites like Kickstarter before you launch your next crowdfunding campaign.

OnDeck is a great resource for many small businesses that need a loan, but it’s not right for all businesses. Take a look at some of our favorite competitors to OnDeck before you apply for your next business loan.

If you’ve decided that Kabbage Funding isn’t right for you, or you want to take a look at Kabbage competitors before choosing a business lender, the following seven lenders are for you. Take a look at the best alternatives to Kabbage available to small businesses right now.

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.

Do you need a commercial vehicle for your business? Read about borrower requirements, rates, down payments, and where to find lenders here.

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.