How Do Small-Business Loans Work? Loans for small businesses are used for business expenses. Some loans are for general business funding, and others, such as real estate loans or equipment financing, are for specific uses. Small-business term loans offer lump sums that borrowers pay back with interest over time. But you can select from a … Read more
What Are Unsecured Business Loans? Unsecured business loans don’t require collateral. Unlike other small-business loan options, unsecured business loans allow you to borrow without pledging real estate, equipment, or other personal or business assets as a guarantee. “An unsecured loan can provide essential financing for a business that is facing a crisis or an opportunity,” … Read more
Can You Get a Small-Business Loan With Bad Credit? Yes, some lenders will issue loans to small-business owners with low credit scores. But there are several other qualification factors that lenders consider, including how long you’ve been in business, cash flow, annual revenue and payment history. Types of Business Loans and Financing for Bad Credit … Read more