Securing a small business loan at a critical juncture for your company can be a make-or-break moment in its history. However, applying for small business loans can also be an incredibly frustrating and confusing process, especially because the internet has caused the field of small business lending to explode.
The good news is that this means you have more options than ever before, even if your credit score isn’t sterling or you need funding very quickly. Still, many loan product applications require you to prepare information, like business planning documents. You also want to become well-versed in topics like APR, repayment periods, and introductory rates.
Whether you are applying for a longer term loan from a traditional bank or quick cash from a business credit card, you will find information here about how to learn about your options, avoid bad actors, craft a winning application, and secure funding. Before submitting any applications, you want to do your research, and here is a great place to start.