- Online Lenders
- Traditional Banks
- Small Business Administration (SBA) Loans
- Peer-to-Peer Lending Platforms
Online Lenders
Online lenders offer quick and convenient access to small business loans with competitive rates and flexible terms. Research reputable online lenders such as LendingClub, Funding Circle, and Kabbage for potential funding options.
Traditional Banks
Traditional banks remain a reliable source for small business loans, especially for established businesses with strong credit history. Explore loan options from well-known banks like Wells Fargo, Chase, and Bank of America.
Small Business Administration (SBA) Loans
The SBA provides various loan programs designed to support small businesses, including the 7(a) loan program and the CDC/504 loan program. These loans offer favorable terms and lower down payments, making them an attractive option for small business owners.
Peer-to-Peer Lending Platforms
Peer-to-peer lending platforms connect small business owners with individual investors willing to fund their ventures. Consider platforms like Prosper and Upstart for potential funding opportunities.