Here’s Everything You Need To Know About Business Loans

January 19, 2018 1469 views

To run a business, you need money, that’s a given. Sometimes you have the funds but many times you’ll need a loan.

This post covers many options related to business loans. Have a look at each section to gain a broad knowledge of the business loan process.

Each section contains hand-picked resources that go into depth and offer tips you can use when you’re ready to apply.

A Collection of Articles About Small Business Loans

How to Get A Small Business Loan

How to Get a Small-Business Loan in 5 Steps – NerdWallet

How to Get a Business Loan in 6 Simple Steps | Nav

How to Get a Business Loan – Experian

Government Small Business Loans — How Do I Get One?

7(a) Small Business Loan | GovLoans

Get a Small Business Loan Online – PayPal

10 Key Steps To Getting A Small Business Loan

4 Small-Business Loan Options | Credit Karma

Small Business Loans up to $300,000 | National Funding

Finance Your Business | USAGov

Small Business Loans Up To $250,000 | Kabbage, Inc.

5 Steps to Get a Business Loan for a Small Business | Square

How to Get a Small Business Loan | Funding Circle

Checklist: How to Get a Small Business Loan – PayPal US

Questions to Ask Before Applying For a Loan

Questions to Ask Yourself Before Getting a Business Loan

What To Ask Yourself Before Applying for a Business Loan

3 questions to ask when applying for a business loan | Fora Financial Blog

What To Ask Yourself Before Applying for a Business Loan

Six Questions You Should Ask Yourself Before You Apply For A Business Loan – Rising Tide Capital

Identifying The Right Business Loan

There are many types of business loans on the market. This section covers tips and resources to help you identify a loan that’s the best fit.

Have a look at the articles I have selected below to identify what’s best for you.

The 17 Types of Business Loans You Need to Know | Fundera

Understanding the 10 Types of Business Loans

4 Types of Business Loans (and Which One Is Right for You)

The 7 Different Loans You Can Get as a Business Owner

Find Out if You Qualify For A Business Loan

20+ Business Loan Requirements

The 20 Business Loan Requirements You Need to Know

10 Things the Bank Will Ask When You Need a Business Loan

Small Business Loans: Compare Financing and Apply

Documentation and Information Needed

When applying for a business loan you don’t just walk to the bank and say, “Hey I need a business loan,”  It doesn’t work that way. You need documentation that the bank will use to determine if you qualify for a loan.

Banks are in the business of lending money, but they’re not in the business of losing money.

The documentation you have will allow them to assess if your business is high or low risk and if you can afford to pay the loan back. Have a look at the articles below that outline the documentation you need to apply for a business loan.

4 Steps to Preparing the Best Business Loan Application

How to Apply for a Small Business Loan

How to Apply for Your First Business Loan | Fox Business

What Is an SBA Loan?

SBA loans are government-backed loans. The government guarantees these loans and makes it easier for businesses to qualify.

The government backs small business loans because it benefits the economy. When a small business succeeds, it creates job opportunities as well as contributing the amount of money flowing through the economy.

Multiply this process by hundreds of thousands of businesses, and you have an opportunity to stimulate the economy.

SBA Loan

Small Business Loans Rates Comparison

In this section of the post, you’ll be able to access resources that offer business loan rate comparisons.

As a new business owner, you may pray that you get approved for any loan, but as an established business owner with good credit, you have options to choose and pick which loan suits your business.

When you’re in this situation, you want to choose the best rate and loan terms. When you’re borrowing a large sum of money, a small difference in the interest rate matters.

Small Business Loans: Compare Financing and Apply

Best Small Business Loans for 2018

Compare small business loans | Get funding from $1K to $5 million

Best Business Loans of 2017 | Compare Small Business Loans

Small Business Loans Alternatives

As a new business owner, you may not get approved for a business loan. There are alternative ways of getting funding. The resources below outline the options available for funding your business.

A few bank loan alternatives that come to mind are borrowing from friends, family, using credit cards, mortgaging your house, selling some of your assets, etc.

Please note all the above alternatives I have mentioned have pros and cons to them, you may lose friends or family, you may lose your house, you may end up with a huge list of high-interest credit card loans you can’t pay back, etc.

They’re not the best way to get funding for your business, but maybe the only choice you have at this point.

7 Alternative Lending Options for Small Business Capital

Best Alternative Lending Options for Your Business

Alternative Lending: The Top 10 Business Loans in 2017

Obtaining Alternative Financing for Your Small Business


Microloans are tiny loans and popular in less developed countries. As the name suggests they are micro, they can go anywhere from a few hundred dollars to a few thousand dollars.

As far as I know, microloans are not popular in North America because a few hundred dollars won’t get your business started and operational.

Have a look at the articles I have selected for more information on microloans.

Business – Microloans

Small Business Microloans – Get Money When The Bank Says No

How do business microloans work? Compare your options | finder.com

Microloans: The 6 Options You Need to Know (2018 Update) | Fundera

Business Grants

The purpose of a grant from the government’s point of view is to boost certain industries. Offering grants is a great incentive to get people interested in starting or upgrading a business. If your business falls into that eligible categories, you can apply for a grant.

Have a look at the pages I’ve selected below that specialize in information about business grants.  If you’re starting a business, it’s important to look at these options. You may need to tweak your business to qualify, but it’s worth looking into.

Small-Business Grants: Where to Find Free Money – NerdWallet

Small Business Grants: 105 Ways to Get Free Money for Your Business – Fundera Ledger

Small Business Administration

30 of the Best Places to Find Small Business Grants – ValuePenguin

Small Business Grants: 24 Best Places to Apply | Nav

67 Small Business Grants for 2018 – Filterable Search Tool | LendEDU



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