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Getting the right business loan can make all the difference in accessing enough capital to buy equipment, hire employees or cover daily expenses. Take a look below to find all the options you have ...
Typically, lenders require the collateral used to secure the loan equal to 100 percent of the loan amount. If you take out a secured business loan, the value of your collateral should equal the ...
Common documents to include with a business loan request are your business plan, financial statements, tax returns, personal financial information and collateral details. An LLC can get a business ...
Payroll records. 5. Apply for a fast business loan. Once you have a shortlist of lenders, get prequalified if possible. Some lenders offer an online tool that will let you view potential loan ...
Funding request. Financial projections. However, only some lenders require a business plan. Smaller lenders and nontraditional lenders may only need to see proof that you have sufficient revenue ...
Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. ... Certain SBA loans will require additional business loan documents or forms to apply.
Cash shortfalls. Unplanned expenses. Equipment financing. Loans used for the purchase of business equipment and machinery. Equipment purchases. SBA Express loans. Government-backed loans offering ...
Bank lenders often require at least a 670 FICO score, 2 years in business and $150,000 to $250,000 in revenue annually. These factors assess whether your business can handle the loan payments ...
Business loans come in many different forms. Some are easier to access than others, and both loan amounts and funding times vary by loan product. If you’re a small-business owner who needs cash ...
1. Term loan. Term loans are the standard business loan option for both established businesses and startups. They meet individual expenses and are repaid over time — usually five or more years.