Frequently
Asked Questions

frequently asked questions

Types of Loans

Other Loans

Are there small business loans for minorities? What kinds of small business loans are there?

Business Credit Cards

How to get a business credit card What is a business credit card? What Is an Unsecured Credit Card?

Acquisition Loans

How to buy an existing business with no money How to buy an existing business How to Buy a Small Business

SBA

What happens if you default on an SBA loan? How do SBA loans work?

Cash Advance

How does a cash advance work? How to get a cash advance

Qualifying and Applying

Credit Scores/Reports

Does my credit score matter? How to Check Your Business Credit Score How do I build business credit? Why do you pull credit? What Is A Good Business Credit Score?

Qualification Requirements

How hard is it to get a business loan? How long do I need to be in business to qualify? Will I qualify for a business loan? How to get approved for a business loan

Applying for a Business Loan

How do I get a business loan? What do I need for a business loan? How long does a loan take to process? What do banks require for a loan? What documents do I need to apply for a business loan?

Small Business Basics

Other Common Questions

What is the difference in a personal loan and a business loan? How to build a client base for a new business How do I expand my business? What are the most profitable businesses? Which loan option is best for my business?

Interest Rates and Loan Costs

How to calculate loan payments How will I pay back my loan? How often will I make payments on my business loan? How Can You Get a Loan Without Collateral? What is APR?

Starting a Business

How to start a food truck business FAQ: What Is a NAICS Code for PPP? - Lendio

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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.