Comparing 15 Different Types of Business Loans [Infographic]

Many business loan seekers think they’ll just go talk to the bank down the street, and then hope that bank will loan them money. What they often don’t know is there are myriad types of business loans, with different qualifications and rates. Most banks specialize in just one or two loan types and don’t have the ability to educate their clients on every loan product available to the business owner.

If you’re looking for a small business loan, comb over the list below to help know which might be the best fit for your situation. With the number of small business loans dropping around the country, this could help you find the loan that will give you the best chance for approval.

Lendio’s mission is to empower your business by making small business loans simple through options, speed, and trust. Whether you are looking for an acquisition loan or start up loan, Lendio offers hundreds of different loan products from a variety of lenders. Find out which business loan is best for you.