- Small Business Administration (SBA) loans
- Online lenders
- Microloans
- Business lines of credit
- Equipment financing
Small Business Administration (SBA) loans
SBA loans are backed by the U.S. Small Business Administration and offer low interest rates and flexible terms. They are ideal for startups and entrepreneurs who may not qualify for traditional bank loans.
Online lenders
Online lenders provide quick and convenient access to funding for small businesses. They often have less stringent requirements than traditional banks and can be a good option for startups and entrepreneurs with limited credit history.
Microloans
Microloans are small, short-term loans offered by non-profit organizations and community lenders. They are designed to help startups and entrepreneurs with limited financial resources to get their businesses off the ground.
Business lines of credit
A business line of credit provides access to a revolving line of credit that can be used for various business expenses. It's a flexible option for startups and entrepreneurs who need ongoing access to funds.
Equipment financing
For startups and entrepreneurs in need of equipment, equipment financing can be a good option. This type of loan allows businesses to purchase or lease equipment while conserving their working capital for other expenses.