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 ... |
Although credit cards are not a financing device exclusive to commercial banks, they are often a part of a bank's lending portfolio. A revolving credit charge card can used by a business as an ... |
Although short-term commercial loans are sometimes used to finance the same type of operating costs as a working capital line of credit, they differ from lines of credit in that a commercial loan is ... |
Long-term commercial loans (those repaid over more than one to three years) are typically more difficult to obtain for smaller businesses because the longer the term of the loan, the greater the risk ... |
For a bank, the leasing business can take the form of either a loan that the borrower uses to lease equipment from an independent source, or a direct lease ... |
