How to decipher all your business loan options

If your existing or newly founded small business needs working capital, but securing investors, a personal loan, or a small business grant isn’t an option, a business loan might be your best route.

Small Business Administration (SBA) loans

SBA loans are  funded through small business lenders but guaranteed by the U.S.  federal government. The most common loan for this type is the SBA 7(a) loan.

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Traditional business loans

You can apply for traditional business loans directly through banks and financial institutions that loan funds.

Business lines of credit

A business line of credit is similar to a loan in that you apply for access to a specific amount of money.

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Invoice factoring is a business practice where your business sells your  accounts receivable to a third-party company (the factoring company).

Invoice factoring or financing


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