2) The Best Business Loans: Compare and Apply Online | Fundera
3) Business Loans: Get the Right Financing for Your Business
At Biz2Credit we are acutely aware of the financial needs of small businesses. Our passion is to equip every small business owner with the tools necessary to grow their businesses.
Mark Murphy, Partner at Corbett Aggregate Companies Tells how Biz2Credit got his company the much needed liquidity during slow season. He was particularly impressed by the incredible accessibility to financial assistance.
Micheal Lawrence, Owner - Rangoli, NYC Michael Lawrence, Restaurateur, applauds the Biz2Credit platform for its speed & service quality.
However, companies with sound business strategies still can borrow. Options include loans from traditional banks and institutions affiliated with the Small Business Administration, as well as financing from Internet-based lenders.
"For creditworthy, high-scoring small businesses, there is money available," says George Cloutier, CEO of American Management Services, a consultant to small businesses.
The best place to get a small-business loan is still a bank, says Cloutier. Banks typically offer the lowest interest rates and many have established reputations as trustworthy lenders.
Get all your capital up front, 1-5 year terms.
Fixed monthly payments, no prepayment penalties.
Great for a large one-time expense.
Free to open - no membership fees.
Use it whenever you want.
Great for flexibly managing cash flow.
“I would recommend Lending Club to any business owner who is looking for a loan with competitive interest rates, streamlined process and speed.”
Capacity. Capital. Collateral. Conditions. Character. Banks need to see that loans can be paid back on time through the cash flow generated by that business.
Bank of America extended nearly $10.7 billion in new credit to small businesses in 2015. As a preferred lender of the Small Business Administration (SBA), we have a proven track record of helping small businesses succeed.Tags: business, loans,