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SBA loans are popular with small business owners due to their competitive rates and terms. Many small businesses, including franchises, are eligible for these funding opportunities.

Some loans, such as long-term installment loans and SBA loans, are difficult to qualify for and have lengthy application and approval processes. However, there are other loans like short-term loans, lines of credit, and merchant cash advances that are easier to qualify for, even if you have a short time in business, low revenue, or poor credit.

Did you know that self-employed people can qualify for business credit cards? Find out how to qualify and learn about some of our favorite cards for the self-employed.

Getting a commercial real estate loan takes time, but it doesn’t have to be difficult. By shopping around, knowing what rates and terms to look for, and working with a reputable lender, the process for obtaining a loan can go smoothly, providing business owners with the funding they need to grow their businesses.

A microloan is defined as a small loan that is typically for $50,000 or less. Microloans offer an alternative to traditional bank loans. These loans are for smaller amounts, so they are easier to qualify for, opening up options to small businesses that aren’t eligible for conventional loan options, either due to low revenue or lack of establishment.

You can use just about any business credit card for travel, but if you intend to charge travel purchases to your card with any regularity, you’ll want to get a business credit card that offers travel-specific rewards and benefits. And if you do significant international travel, you’ll want a business credit card that does not charge a foreign transaction fee.

Collateral is an asset used to secure a loan and ensure that the lender gets paid. The asset used as collateral is something of value that shows a lender that you’re prepared to pay off your loan. In the event that you are unable to make your loan payments, the lender can seize your collateral and sell it to cover the remainder of your loan.

You need a POS system to take payments, inventory management tools to make sure you have the right amount of stock on hand, employee management software to make schedules and run payroll, accounting software to keep an eye on your finances, and customer relationship management tools to engage your guests and reward them for coming back.

High-risk business loans may have higher interest rates and shorter repayment terms. But high-risk loans also have minimal borrowing requirements and are easier to obtain than loans from traditional lenders like banks.

Sometimes called medium or long-term loans, installment loans are what most people think of when they hear the word loan. In most cases, a business that successfully applies for a term loan will receive a lump sum of cash which can then be used for business expenses. In some cases, there may be restrictions on what the money can be used for.