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First Time Applying For A Business Loan? Here’s What You Need To Know

    Erica Seppala
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Erica Seppala

Erica Seppala

Expert Analyst & Reviewer at Merchant Maverick
An expert in accounting, finance, and point of sale, Erica has been researching and writing about all things small-business since 2018. Erica's insights into personal and business finance have been cited in numerous publications, including MSN, Real Simple, and Reader's Digest. She is a graduate of Limestone College.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.
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Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Laurie McMann

    My wife and I are looking at a motel/RV park how do I start the process?

      Jessica Dinsmore

      Hi Laurie,

      A business plan is a great place to start. We have a post on how to complete a one-page business plan, that includes a template. Once you’ve got your plan outlined, you’ll be in a better position to pitch your business to investors.


        Are these loans based for US only

          Jessica Dinsmore

          Hello Xoliswa,

          Some of the lenders we review do operate in other countries, but our reviews are only of their U.S. services.


            I would like a loan to build a gas station butt don’t have money I have the location and Trucking companies and bus drivers have signed contracts to get fuel from my station at a small discount

              Jessica Dinsmore

              Sounds like this post is a great place to start! Good luck with your new business!

                Biswajit das

                Business loan come


                  I trying to open a food truck

                    Jessica Dinsmore

                    Hi Bernadine,

                    You should take a look at our post on starting and funding a food truck business. I think it’ll be very helpful! We wish you the best!

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