Small business loans can be complex and confusing. Let us inform and guide you about what’s hidden in the fine print of your loan agreement , should you sign a personal guarantee and the average APR for small business loans.
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How to Get a Small Business Loan with No Collateral
Most entrepreneurs don’t have collateral or do not want to secure their business loans with their personal assets such as their home or savings accounts. Many small business loans such as those guaranteed by the SBA Small Business Administration require borrowers to pledge their personal collateral. This often stops many would be new business owners. Have […]
How to Pick the Right Small Business Loan
In 2017 if your small business needs a loan it can be difficult to find the right lender, whether to apply to a traditional bank or an alternative finance lender, and the particular type of loan to submit an application. I have researched the business credit market and spoken with many small business financing experts, […]
SBA Loans: Your Questions Answered
A Road Map for SBA LoansHere are the most frequently asked questions about how to get SBA Small Business Administration loans for your company. Come back often because new answers are added regularly. Are SBA Loans Tax Deductible? Different tax rules apply to the interest paid on SBA loans for businesses. Whereas personal loans and […]