Knowledge Base

Small Business Loans

Need a Small Business Loan right now?  You can apply to scores of small business lenders in just four minutes using C-Loans.com.  And C-Loans is free!


You think you might need a small business loan, right?  Alright, so what are you trying to do?

Start a New Business (No Real Estate Involved)

A lot of people raise their start-up capital (just a fancy word for dough) by borrowing from their family or friends.   Don't forget that you can also get an equity line on your house to start a business.  If you're using your start-up capital to buy a large, tangible asset, like a truck or a piece of machinery, you might also be able to get a conventional small business loan from a bank - a loan that is not guaranteed by the government.  You'll have to put down around 25% to 30% and demonstrate considerable experience in the business you're starting, but there is far less paperwork getting a conventional loan than an SBA loan.

However, the best known alternative is an SBA loan.  An SBA loan is a loan made typically by a bank which is guaranteed in part by the Small Business Administration, a department of the Federal government.  Your local bank can probably handle this application for you, but you'll need at least decent credit and you'll have to contribute some significant dough yourself.  After all, it is a new business. 

Start a New Business (Real Estate Involved)

Maybe you want to buy a motel or a restaurant.  Or let's suppose you want to start a small machine shop.  You want to buy the building because moving and installing your equipment is really expensive.  You will also need some serious cash to buy and install your machinery.  If this sounds like your kind of deal, an SBA loan may be your best bet.  An SBA loan is a loan made typically by a bank which is guaranteed in part by the Small Business Administration, a department of the Federal government.   If there is real estate involved, you can apply to scores of SBA lenders for a small business loan in just four minutes using C-Loans.com.  And C-Loans is free!

Buy a Franchise (No Real Estate Involved)

SBA lenders finance a ton of of franchise purchases.  An SBA loan is a loan made typically by a bank which is guaranteed in part by the Small Business Administration, a department of the Federal government.  Your local bank can probably handle this application for you, but you'll need at least decent credit and you'll have to contribute a sizable down payment.

Buy a Franchise (Real Estate Involved)

Let's suppose you are buying a fast food chain franchise, and there is real estate involved.  SBA lenders finance a ton of of franchise purchases.  An SBA loan is a loan made typically by a bank which is guaranteed in part by the Small Business Administration, a department of the Federal government.  You can apply to scores of SBA lenders for a small business loan in just four minutes using C-Loans.com.  And C-Loans is free!

Expand Your Existing Business (No Real Estate Involved)

You can definitely apply for an SBA loan from your bank ... but before you do, you should consider a conventional small business loan from your local bank - a loan that is not guaranteed by the government.  The problem with SBA loans is that the process takes several extra months and the SBA lender often wants to blanket your house with a second mortgage.

If you are making good money, your bank should be willing to make a conventional small business loan for you.  If you're making money and your existing bank won't help you, consider applying to a competing small bank down the street.  They will want you to move your bank accounts to their bank, but that's no big deal.  Your accounts have to be somewhere.

If you're making money, but not enough to wow the bank, go ahead and apply for an SBA loan from your local bank.  An SBA loan is a loan made typically by a bank which is guaranteed in part by the Small Business Administration, a department of the Federal government.

Expand Your Existing Business (Real Estate Involved)

You can borrow more dough with an SBA loan than with a conventional small business loan.  An SBA loan is a loan made typically by a bank which is guaranteed in part by the Small Business Administration, a department of the Federal government.   If there is real estate involved, you can apply to scores of SBA lenders for a small business loan in just four minutes using C-Loans.com.  And C-Loans is free!


Do you need an SBA loan right now?  You can apply to over 100 SBA lenders for free in just four minutes using C-Loans.com.

 

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