Launching a new business is both exciting and challenging. Every startup needs capital to get started, but entrepreneurs usually do not have enough of their own money to finance a startup business, so they must borrow it from banks and other lenders.
Biz2Credit Business Startup Loan
Biz2Credit has helped thousands of entrepreneurs secure startup funding from banks and other lenders. Loans are repaid with interest over a specified period of time. Options include:
SBA 7(a) Loans
SBA loans are issued by banks and other lenders and can be used to start, acquire or expand a small business. Borrowers must apply through a participating lender institution.
Certified Development Company (CDC) 504 Loan Program
This loan program provides startups with long-term, fixed-rate financing for major fixed assets, such as land and buildings.
Some startups do not require a lot of money to get up and running. Microlenders, such as ACCION and other nonprofit community-based lenders make loans to available in amounts up to $50,000.
To qualify for a start-up loan, borrowers must share personal credit history and a business plan that includes information about the company and how you plan to use your capital. Lenders will look to determine if you have a solid credit score, business experience, collateral and any licenses required to run the business.
Regardless of industry, size or location, all businesses need capital to grow. Since its founding, Biz2Credit has arranged more than $800 million in funding to small business owners and now processes thousands of new loan applications each month. Biz2Credit lenders include banks, credit unions, microlenders, CDFIs, VCs, and alternative lenders.
Registration is free and takes less than five minutes to complete. Biz2Credit also offers case management services to those borrowers who need assistance throughout the lending process.
"It's gratifying to know that there is a group out there, in this environment that had the perseverance to fund medical equipment for a new company."