Small Business Loans

You’ve always wanted your own business. At last, it came to you: an idea for a terrific product or service that you can build your very own small business around. Unfortunately, you can’t say the same for the financing. You’ve tried all kinds of conventional lending sources, but you haven’t been able to obtain any funding.

Consider getting a small business loan. There are many things that you can do with your small business loan to transform your small business from an idea in your head to a small but established company. The U.S. Government works with intermediaries, banks, and other lending institutions to provide loans and venture capital financing to small businesses in situations just like yours. Apply for a small business loan, and learn how you can access up to $750,000 in financing with the help of the government-funded Small Business Administration.

Of course, it’s not enough to just ask for money. You’ll have to give your lender plenty of information about your small business in a detailed and well-organized loan proposal. The lender will use your proposal to decide whether or not to approve your loan.

We won’t lie to you: requesting a small business loan is a complicated process. It becomes even more complicated if you and your lender aren’t on the same page. That’s why choosing the right lender is such an important aspect of the small business loan application process. Size matters, as does the lender’s experience with small businesses like yours. Before you prepare and present your loan proposal, make sure that you’ve chosen a lender who will best meet your needs.

If your small business loan is approved—excellent! You can take the next steps to begin, and maintain, your relationship with your lender. If your small business loan is not approved, don’t despair. There are still other options for you to bring your small business dream to life.