Summary
- Online lenders
- Small local banks
- Credit unions
- Government programs
Online Lenders
Online lenders such as Lendio, BlueVine, and Fundbox offer low-interest small business loans with competitive rates and terms. These lenders typically have a quick and easy application process, making them a convenient option for small business owners.
Small Local Banks
Small local banks often provide low-interest small business loans to support local businesses. They may offer personalized service and flexible terms, making them a good option for those looking for a more personal touch in their lending experience.
Credit Unions
Credit unions are known for offering low-interest loans to their members, including small business owners. They may have more lenient eligibility requirements and favorable terms, making them a viable option for those seeking affordable financing.
Government Programs
Government programs such as the Small Business Administration (SBA) offer low-interest loans to small businesses. These programs often have competitive rates and favorable terms, making them a reliable option for those who qualify.