- Online Lenders
- Traditional Banks
- Small Business Administration (SBA) Loans
Online Lenders
Online lenders offer convenience and quick access to funding for small businesses. They often have less stringent requirements and faster approval processes compared to traditional banks.
Traditional Banks
Traditional banks still remain a popular choice for small business loans, especially for established businesses with strong credit history. They offer competitive interest rates and a wide range of loan options.
Small Business Administration (SBA) Loans
SBA loans are backed by the government and offer favorable terms for small businesses. They are a great option for businesses that may not qualify for traditional bank loans. SBA loans can be obtained through participating banks and lenders.