Small Business Loans
Running a Small Business Takes a Lot of Work, Financing it Shouldn’t!
As it is, running a small business takes a lot of work and dedication; why associate another layer of complexity in relation to small business financing. Loans.net features the most comprehensive directory of business lenders, including SBA-approved lenders.
A Small business loan offered through Loans.net can be used for a variety of purposes and needs — all as diverse as running the small business itself. Startup capital, operating expenses, inventory, payroll, technology infrastructure, growth, territory expansion, sales, investments, client acquisition — small business loan can be used for any (or even other) needs.
Streamlining your books, padding your accounts
Small business financing offered by lenders with us have a low-interest, no hassle loans that will not only save you hundreds (or even thousands) of dollars in interest payments, they will also provide you with adequate capital to fuel your business expansion. Our lenders offer the best rates in the market today. All you have to do is compare among their programs, find what you need and save!
We make sure that small business loans made easy
There is no need to fill out hundreds of applications with every lender in the market. Loans.net saves you on your valuable business time by allowing you to complete one simple application. That’s it! You focus on making your business profitable; we focus on saving you money. Once you fill out our application, lenders will get in touch with you directly in order to offer you the most cost-effective loan programs on the Internet.
The Advantages of applying for a business loan through Loans.net
- Obtain the money fast. Funds deposited into your business checking account or your savings account in as little as one to three business days.
- The possibility of obtaining an unsecured business loan — no collateral required for certain programs.
- There is NO application fee. It is free and easy to compare and save on loans offered by numerous lenders.
- Startups are welcome. Attractive loan terms.
Small Business Loan Tips
Small businesses are often overworked, understaffed enterprises with very little time at their disposal. Before applying for a loan, consider the following tips:
Work with a bank that specializes in your niche
There are a variety of banks in the market and many specialize in working with specific geographic areas, business niches, and organizational sizes. Find a bank that specializes in your niche and open an account with them. This, essentially, is the first and most critical step in the process.
Once you have opened your account, establish relationships with key individuals within the bank. These relationships could span the entire spectrum of banking staff, from tellers to higher level executives and key loan decision makers. Depending on how the bank is structured, you may be able to leverage these relationships advantageously. At the very least, these individuals can at least offer sound advice when you need it most.
Establish a history
In order for a bank to determine the risk associated with offering you a small business loan, banks will often evaluate the history you have had with them. In order establish such a profile, you may consider borrowing a short term loan and repaying it quickly and in compliance with agreed-upon terms.
Banks will often ask for a variety of documents before considering your loan application. Be sure to keep the following documents ready at a minimum: certificate of incorporation, assets list and documents, leases, equipment information, other liabilities, financial statements and projections, etc.
Understand the terms
Since the small business loan is often made for a large amount, be sure to understand the various terms involved. If need be, consult your attorney or legal advisor to ensure you are not signing up for something you wouldn’t want to.
Ask for a commitment in writing
Don’t rely on verbal promises. As far as possible, try to obtain a commitment in writing. Also, ask all the terms and disclosures be given to you in writing so that you can be well-informed before hand.
Exercise caution on what you pledge as security
There is often a risk associated with what you pledge as security, so be sure to make a well-informed decision about what you pledge as security. You wouldn’t want to lose an important business asset.