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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.

If you need extra capital for your business as a result of unpaid invoices, invoice factoring or financing might be the solution. Learn how factoring works and take a look at our top invoice factoring solutions for 2021.

Stripe Payments is the obvious choice for global eCommerce and startup businesses, thanks to affordable pricing, international currency, and powerful tools. But if you don’t want to (or can’t) use Stripe, check out these developer-friendly alternatives instead.

Looking for a merchant account for your CBD oil business? Check out our comparison of the best credit card processors for this niche.

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.

Take a look at the best small business credit cards and learn how to choose the right credit card for your small business.

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.

Learn what grants are, their pros and cons, how to find them, and best practices for applying in our guide to small business grants.

A secured business credit card should primarily be viewed as a road back to decent credit health. Remember, however, that it isn’t necessarily the best or only path you can take.

Provided she meets all requirements set by the SBA and the lender, it’s no more difficult for a woman to get an SBA loan than her male counterparts. The SBA does not discriminate and provides low-cost funding opportunities for all eligible small business owners.