That preparation begins here with these seven crucial steps for nailing down a business loan. Lendio partners with over 75 lenders, which improves your odds and efficiency to get the funding you need. 1. Establish your reason for the loan.
Learn how to apply for a business loan — including common eligibility requirements and the information lenders want to see.
Finding the right small business loan for your company depends on multiple factors, such as whether you need one-time or ongoing funding, how quickly you need funds and your business’s credit profile. Common types of small business loans to consider include:
Explore our small business financing options and find out how to use small business loans and credit to finance your business needs. Get more information about funding your business with a term loan, SBA loan, secured and unsecured lines of credit and more from Bank of America.