- Online lenders
- Local community banks
- Credit unions
Online Lenders
Online lenders offer small business loans with flexible terms, often with quick approval processes and competitive rates. They cater to a wide range of businesses and may be a good option for those looking for convenience and flexibility.
Local Community Banks
Local community banks are known for their personalized service and willingness to work with small businesses. They may offer more flexible terms and lower interest rates compared to larger banks.
Credit Unions
Credit unions are member-owned financial institutions that often provide small business loans with flexible terms. They may be more willing to work with businesses that have less-than-perfect credit and offer competitive rates.