There are a number of types of institutions that offer small business loans, although each type of lender may be better suited to different lending situations. |
Banks are highly regulated in order to minimize the government's risks from insuring the accounts of depositors. As a consequence, bank lending policies toward small businesses tend to be very ... |
For startup businesses, large commercial banks historically have not been an attractive source of financing. However, a large bank can be a good source for a ... |
Small, community banks often offer your best option for conventional small business finance. In fact, some commentators predict that in the current era of mega-mergers in the banking industry, a ... |
The Small Business Administration publishes a state-by-state directory of small-business lending reported by commercial banks. |
Credit unions are financial institutions owned by the members or employees of a company or other group. |
Consumer finance companies make small, secured, personal loans that are often limited to several thousand dollars. |
Commercial finance companies provide business loans rather than consumer loans. A small business's primary use of a commercial finance company is to borrow money for the purchase of inventory and ... |
Before we get into the specific categories of loans that banks offer, let's look at two of the major characteristics that vary among bank loans: the term of the loan and the security or collateral ... |
A line of credit sets a maximum amount of funds available from the bank, to be used when needed, for the ongoing working capital or other cash needs of a ... |
