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Small Business Lending
Discover different forms of small business loans for different needs. Loan duration, interest rate, amount and terms vary depending on objectives, credit history, and other factors. Easy online loan application aligns funding request to funding sources.
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Why Small Business Lending?
There are many reasons why your business may consider applying for a loan including the need to finance start-up, growth and related investment expenses over time. When the time arises, below are various types of business loan tools at your disposable and where you may conveniently apply online.
| Business Lending Tool | Application |
| Accounts Receivable Financing | Accounts receivable financing (also known as accounts receivable funding) is the selling of invoices that are outstanding or receivables at a discount to a finance company that assumes the risk on the receivables which provides quick cash to your business |
| Asset Based Lending Loan | Any kind of lending secured by an asset |
| Bridge Loan | A short term loan ranging from 2 weeks to 3 years, pending larger or longer term financing |
| Equipment Financing Loan | A loan used to finance equipment purchases |
| Franchise Loan | A loan used to finance a franchise business |
| Hard Money Loan | An asset-based loan secured by the value of a parcel of real estate |
| Home Equity Loan | An asset-based loan secured by the value of the borrower's home |
| Inventory Financing Loan | A loan used to purchase inventory |
| Line of Credit | A specific amount of financing extended to a borrower in several forms including cash credit, overdraft protection, demand loan, export packing credit, term loan, discounting or purchase of commercial bills, etc. |
| Purchase Order Financing | A short term financial solution used to finance the purchase or manufacture of specific goods that have been pre-sold by the client to its credit worthy end customer |
| Retail/Merchant Cash Advance | Where a businesses past history of credit card receipt volume is used to secure a cash advance that is satisfied as a percentage paid from future credit card receipts |
| SBA Loan | A loan issued by a private and other financial institution and backed by the US Small Business Administration (SBA) |
| Term Loan | A loan with a fixed maturity that often features amortization of principal |
| Truck Equipment Loan | A loan used to purchase truck-related equipment |
| Unsecured Business Loan | A loan issued without collateral as a security requirement and often in the form of a line of credit where interest is only charged on the funds borrowed |
| Working Capital Loan | A loan typically used to finance day-to-day operations versus long term assets or investments |
10 Great Reasons for Small Business Loans
There are many great reasons for securing a business loan including:
- Finance start-up costs
- Secure working capital to finance business growth
- Purchase real estate
- Invest in a commercial/residential development project
- Increase cash flow
- Buy a franchise business
- Purchase needed equipment
- Expand your business capacity to take advantage of growth opportunities
- Lease versus buy to minimize cash outlay and maximize cash flow
- Leverage your business credit capacity to maximize growth capacity
Where to Begin
Select from any one of the links below to learn more about a range of small business financing tools, as well as sources of small business loans.
About Your Educational Champion
"Small Business Lending is an Edutorial published by the Knowledge Institute, recognized leaders in small business development and education by the US SBA and others. The Institute's entrepreneurial resource portals serve millions of individuals in all 50 United States and internationally by helping them to learn about and connect with resources to start, grow and succeed in business."
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Note: This information has been compiled by the Knowledge Institute, Inc. for educational purposes only in order to convey a general overview of the options and related services available to small businesses in the subject areas introduced. Content is provided on an "as is" basis and is not intended to be an exhaustive representation, nor does it provide advice or create a customer relationship between the Knowledge Institute, buzgate.org, its affiliates and any other organization named herein, and any reader.
Buzgate.org is an award-winning public service initiative created to facilitate awareness, access and use of free small business help offered by America's government and nonprofit small business assistance agencies on a local, regional and national scale.
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