Business Loans 

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Quickly find providers of commercial business loans. Research banks and other business lenders offering unsecured business loans and private business loans. Identify a company offering startup business loans that suit your company needs.
Loan Type
Your business loan type choices include asset-based loan, commercial mortgage, equipment or lease financing, factoring, line of credit , microloan, SBA loan, and term loan.
  • In an asset-based loan, you offer as collateral inventory, receivables or other assets.
  • Commercial mortgage lenders set your loan amount by the value of the property, and comparing your debt to income.
  • Choose between a loan for equipment or lease financing based on taxes and whether you want to end up owning.
  • Loan factoring companies may buy your accounts receivable for a percentage of their value.
  • Tap a line of credit when you need it. With a revolving business line of credit loan, you repeatedly borrow up to the original limit.
  • Get a business microloan for up to $35,000 from a non-profit group backed by the SBA.
  • Banks can offer a favorable terms on an SBA loan because the Small Business Administration guarantees these small business loans.
  • A business term loan is the basic business loan, with fixed interest rates, monthly payments and a set term.
Purpose
Your business loan purpose choices include business expansion, buy a business, buy a franchise, buy commercial property, buy equipment, construction, debt consolidation, startup funding, working capital.
  • Business expansion loans get you the plant and equipment to grow.
  • A loan to buy a business could be secured by the buyer's house or savings.
  • Find a loan to buy a franchise through banks, specialty franchise lenders or franchisors.
  • Buy commercial property with a commercial mortgage, typically 10 to 15 years.
  • Buy equipment with a loan for up 100% of price. Always compare an equipment loan to leasing.
  • A commercial construction loan may be a mortgage or secured or unsecured business loans.
  • Use a debt consolidation loan to pay off many loans with one lower interest loan.
  • A loan for startup funding will likely use the owner's personal financial assets as collateral.
  • A working capital loan covers general business expenses.
Amount
Your business loan amount choices include less than $50,000, $50,000 to $100,000, $100,000 to $250,000, $250,000 to $1 million, $1 million to $5 million, and more than $5 million.
  • For a business loan less than $50,000, check into the SBA's microloans program, an unsecured line of credit or fixed-rated loan.
  • Business loans $50,000 to $100,000 may be for one year or less and repaid in a lump sum.
  • A business loan $100,000 to $250,000 and $250,000 to $1 million may be long-term, fixed rate or lines of credit or asset-based.
  • Business loans $1 million to $5 million and more than $5 million may be term loans or asset-based with payments pegged to cash flow.
Terms
Your business loan term choices include interest only, minimum years in business, no balloon payment, no early repayment penalty, prime +, unsecured loan.
  • With an interest only business loan, you pay interest charges monthly and repay the principal by the end.
  • Many business loans require a minimum years in business, typically one or two years.
  • Lenders offer long term amortization on short term loans if you'll make a lump-sum payment. Choose no balloon payment business loans to avoid.
  • Lenders may charge a fee if you make business loan payments ahead of schedule - unless there's no early repayment penalty.
  • The prime rate is the starting point for business loan rates. Your rate will be quoted as prime + some percent.
  • An unsecured loan is made on the basis of your company's good credit, not collateral.
Commercial Finance for Healthcare Companies
Our diverse suite of lending products deliver solutions and provide all types of lending solutions for healthcare companies.
About Us | Products Offered | Industries Served | Contact Us
www.capitalsource.com
The Loan to Grow Your Business
Whatever your business or funding needs, iBank can help you find the right loan to grow your company. Choose from over 335 lenders today!
iBank.com
Business Financing
Growth Financing for the Middle Market. Contact Us Today!
www.CapitalSource.com
We're Still Lending
Local Lending on Your Terms - Quick Business Loans to Get Cash Flowing
ProvidentBankNJ.com/LoansCredit
KeyBank Business Loans
KeyBank Has The Right Business Loan For Your Business. Learn More.
www.key.com
Business Loans No Hassle
Unsecured-Direct Lender Lowest % Working Capital-FAST -1 hr Approval
www.FirstFederalAdvance.com
Business Cash Advance - Direct Lender Rates as Low as 1.19
Obtain a business cash advance in less than 5 days! We advance up to $500K. Repay from future Visa and MasterCard sales. Minimum 6 months as owner.
www.CashPrior.com
Credit to Start or Grow Your Small Business
Get up to $6,500 for computers, travel, office equipment and more!
BusinessAdvantageGold.com
Unsecured Line of Credit
Unsecured business lines of credit up to $500,000. Requirements are a 680+ credit score and 2 years in business.
Business-Unsecured-Credit.com
Business Grants 2009
Billions available-Start & Expand Your Business Today-Apply Now
www.yourfundingguide.org
Need Start Up Money?
Over 20,000 startup investors. Get startup money now!
goBIGnetwork.com/Startup-Money
Need a fast loan approval
Apply today for immediate financing Bad credit applicants approved
www.ontrackfs.com
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A-Z Business Loans Provider Directory
0-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
B
Bank of America: Small Business Loans
Offers a variety of loans, liens and leasing options for businesses.
www.bankofamerica.com
Biz2Credit
Connects small business owners to loan options, service providers and resources to grow their business.
www.biz2credit.com
Business Loans
A factoring company specializing in invoice factoring and commercial account receivable factoring. Fast turnaround time, low fees, flexible terms.
www.BridgeportCapital.com
Bridging Loans
Information and advice regarding bridging loans in the UK. Bridging loans news and contact details of specialist bridging loans advisers.
www.bridgingloans.co.uk
Unsecured Line of Credit
Unsecured business lines of credit up to $500,000. Requirements are a 680+ credit score and 2 years in business.
Business-Unsecured-Credit.com
Credit to Start or Grow Your Small Business
Get up to $6,500 for computers, travel, office equipment and more!
BusinessAdvantageGold.com
Business Loans & Financing
All types of business loans including acquisitions, working capital, fast merchant cash advance, church financing and equipment leasing and loans.
www.businessfunders.com
C
Commercial Finance for Healthcare Companies
Our diverse suite of lending products deliver solutions and provide all types of lending solutions for healthcare companies.
www.capitalsource.com
Business Cash Advance - Direct Lender Rates as Low as 1.19
Obtain a business cash advance in less than 5 days! We advance up to $500K. Repay from future Visa and MasterCard sales. Minimum 6 months as owner.
www.CashPrior.com
Florida Hard Money Lender
Florida Hard Money Lender specializing in funding Residential and Commercial loans.
www.ctcapitallending.com
E
Easy Business Loans
Get up to $1,000,000 Unsecured Line Of Credit. No collateral or equity.
www.easybusinessloans.org
F
Business Loans
Don't wait for the bank to reject your business loan application. Get the best alternative to a fast business loan; A business cash advance.
www.fastupfront.com
I
iBank
Provides an online commercial lending marketplace for business loans, commercial mortgages loans and equipment lease financing.
www.ibank.com
The Loan to Grow Your Business
Whatever your business or funding needs, iBank can help you find the right loan to grow your company. Choose from over 335 lenders today!
iBank.com
L
LendingTree
Online lending and realty services exchange that offers users quotes from competing lenders.
www.lendingtree.com
N
Loans from $250K to $50 Million or more
We have hundreds of lending sources eager and willing to loan to your business now.
www.nightskybrokerage.com
S
Small Business Administration
Financial Assistance is delivered primarily through SBA?s Investment programs, Business Loan Programs, Disaster Loan Programs, and Bonding for Contractors.
www.sba.gov
Business Financing
Growth Financing for the Middle Market. Contact Us Today!
www.CapitalSource.com
We're Still Lending
Local Lending on Your Terms - Quick Business Loans to Get Cash Flowing
ProvidentBankNJ.com/LoansCredit
KeyBank Business Loans
KeyBank Has The Right Business Loan For Your Business. Learn More.
www.key.com

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Guide to Pricing and Costs of Business Loans

Pricing and costs of business loans for most businesses

By Sandy Baker


Business loans range in cost based on various factors including where you borrow the funds and the terms of the loan. The various organizations offering these loans may offer several types of loans. By comparing each, businesses can save money on their financing needs.

Business lenders always consider credit as part of the qualification for loans. Higher credit scores (either of the business or of the owner) often mean a lower interest rate. Lenders determine the level of risk involved prior to setting the cost for the loan. When comparing loan costs, consider the following:

1. Invest in a secured business bank loan for the lowest interest rate, because there is less risk to the lender.

2. Compare unsecured business loans. Interest rates are often double or more than secured loans.

3. Turn to private business loans for bad credit loans or in other hard-to-finance situations.

Action Steps
The best contacts and resources to help you get it done


Estimate true costs for start-up business loans

The cost of business start-up loans must include all expenses required. When calculating the cost of the loan, consider the breadth of costs included such as purchasing or renting space, buying inventory, paying employees, managing utilities and paying for advertising. Be sure to consider all costs related to starting and running the business during the first three-to-six months. Getting the right amount of a loan will ensure the business does not need a second loan later.

I recommend: Seek new business loans from banks and lenders specializing in start-up loans. Bank of America offers small business financing through lump sum loans or lines of credit. Their financial consultants help businesses determine their financing needs. National City Bank offers several types of loans for businesses including lines of credit, equipment purchase loans and mortgages.

Cut costs using government business loans

Small business loans may be backed by the federal government. These loans are available through approved commercial lenders. These loans traditionally offer a lower interest rate and more flexibility in their lending requirements than standard bank loans. They are available in a variety of forms, giving borrowers ways to compare costs and terms. The key aspect to note is these loans are often less expensive than traditional, bank-funded loans.

I recommend: Work through providers of commercial business loans for government-backed loans. The Small Business Administration provides the funding for business loans. Learn more about your options through this department of the federal government. Additional funding options are available through local organizations, special loan programs and other associations. The U.S. General Services Administration helps to educate business owners on their financing options.

Secure the best business loan based on interest and terms

A bank business loan includes a range of costs. The interest rate, term and closing costs should be compared from one lender to the next. Finding the most affordable business loan is possible when you compare several companies. Most will offer quotes for your business needs. To see the true cost of the business loan, use a loan calculator to compare various loan interest rates, monthly payments and terms. Closing costs should be estimated at one-to-five percent of the loan's value.

I recommend: Choose the right business loans by comparing options. Third-party websites provide current interest rates and term options for lenders for easy comparison. E-Loan provides current interest rates for small business loans, commercial mortgages and equipment leasing for easy comparison. Commercial companies allow you to compare business loans at their websites prior to application. Wells Fargo offers easy comparisons of their business lines of credit and loans, equipment and real estate financing and their SBA loans. Bankrate provides current interest rates on business lines of credit.

Tips & Tactics

Helpful advice for making the most of this Guide

  • •  Private lenders business loans are a good option for those with bad credit. Lending terms are flexible and they may not require payment of closing costs or costly fees. These lenders are often available locally.

FEATURED LISTINGS
Commercial Finance for Healthcare Companies
Our diverse suite of lending products deliver solutions and provide all types of lending solutions for healthcare companies.
About Us | Products Offered | Industries Served | Contact Us
The Loan to Grow Your Business
Whatever your business or funding needs, iBank can help you find the right loan to grow your company. Choose from over 335 lenders today!
Business Cash Advance - Direct Lender Rates as Low as 1.19
Obtain a business cash advance in less than 5 days! We advance up to $500K. Repay from future Visa and MasterCard sales. Minimum 6 months as owner.
Credit to Start or Grow Your Small Business
Get up to $6,500 for computers, travel, office equipment and more!
close window
Guide author

Guide to Applying for a Business Loan from a Bank

What banks need to see before they'll hand over the dough

By W. Eric Martin, Keyboard pounder & synonym selecter, TwoWriters.net


Every business needs available funds to operate, whether you're paying for raw materials or expanding into new markets, but banks and other financial institutions won't just hand over money because you smile nice. You need to show the bank that your business is well-run and well use the funds to achieve your goals. By preparing yourself properly, you can:
  1. Show the bank how the funds will be spent and what level of return you expect.
  2. Prove that you're a trustworthy recipient who has good-standing in the community.
  3. Lay the groundwork for future requests.

Action Steps
The best contacts and resources to help you get it done


Write a business plan

You might already have a general business plan that covers everything from the initial store layout to eventual world domination, but the bank wants to see how its funds will improve your business.

I recommend: Follow these five writing tips from SCORE (Service Corps of Retired Executives) for a business plan that includes everything a banker wants to see, with nothing extra that might be distracting.

Prepare your paperwork

The bank will want to know how you're going to repay the loan, which means that you'll need to have your financial documents in order for review. The bank will also review these papers to see how well you've handled money in the past and whether you keep good records.

I recommend: As this repayment analysis from business incubator Gaebler Ventures explains, you'll need to show personal and business tax returns, personal finance statements and cash flow records.

Know your loans

Loans come in many different flavors so ask for the one that works best for you. (Your banker might have a different opinion, after reviewing your records, so take his or her advice under consideration.)

I recommend: The basic types of loans are term loans (paid monthly), short-term loans (for a year or less), equipment financing, and open lines of credit (in which you take out money as needed up to a maximum amount per year). You can also borrow through Small Business Administration (SBA) loans at regular lending institutions.

Discuss dollars

Once the banker feels that your business is a good loan candidate, you'll start to negotiate the details of the loan.

I recommend: Ask the banker questions about all the topics related to the loan: the amount you'll receive (which isn't necessarily what you wanted), interest, repayment terms, loan fees, restrictions on the funds (such as being used for new equipment and not for labor costs), and your responsibilities as a borrower. Take notes and make sure you understand all of the agreement.

Apply online

Ideally you'll apply for (and receive) a loan from a local banker since ties to the community will likely work in your favor. In case that's not possible, you can consider applying for a business loan through an online company.

I recommend: BusinessWeek, for example, has an online loan application for currently operating businesses that takes only a couple of minutes to complete. The application will be sent to multiple loan suppliers.

Tips & Tactics

Helpful advice for making the most of this Guide

  • •  Make an appointment with a loan officer in advance. Don't simply walk into the bank with a stack of documents.
  • •  Approach local institutions first, particularly those with which you currently have accounts. Those banks already have access to your records, so they can possibly review your application more quickly.
  • •  Don't ask for the moon. Banks often have limits (either dollar amounts or a percentage of your annual revenue) on the amount they'll lend a first-time applicant.

FEATURED LISTINGS
Commercial Finance for Healthcare Companies
Our diverse suite of lending products deliver solutions and provide all types of lending solutions for healthcare companies.
About Us | Products Offered | Industries Served | Contact Us
The Loan to Grow Your Business
Whatever your business or funding needs, iBank can help you find the right loan to grow your company. Choose from over 335 lenders today!
Business Cash Advance - Direct Lender Rates as Low as 1.19
Obtain a business cash advance in less than 5 days! We advance up to $500K. Repay from future Visa and MasterCard sales. Minimum 6 months as owner.
Credit to Start or Grow Your Small Business
Get up to $6,500 for computers, travel, office equipment and more!
close window

Guide to Business Loans Basics

Business loans basics for all businesses

By Sandy Baker


Business loans provide businesses with the ability to open their doors and to keep them open. A business of any size may apply for a private or bank loan. Small businesses often have specialized loans available.

Business lenders consider credit an important part of the qualification process. If the business is new, without a credit history, the owner of the business may use his or her credit to qualify for the loan. Once the business is established, it may be able to stand on its own credit. When looking for loans, consider the following:

1. Choose unsecured business loans for loans without collateral including lines of credit.

2. Consider secured loans based on the value of equipment, real estate or other valuables for a lower interest rate.

3. Get estimates for new business loans from national and local lenders to compare their rates and terms.

Action Steps
The best contacts and resources to help you get it done


Learn about start-up business loans for a new business venture

Business start-up loans provide funds for the purchase of anything required to get the business open. These loans can be secured loans on equipment and property or unsecured lines of credit for other expenses. Some businesses borrow enough through their start-up loans to pay the business' expenses for the first three-to-six months in operation.

I recommend: Compare business start-up loans carefully. Look at interest rates, terms and the amount the lender will provide. For unsecured start-up loans, consider American Express, which offers a range of credit lines to businesses just getting started. They provide reward programs as well. Wells Fargo offers business real estate financing, equipment financing and lines of credit up to $100,000.

Determine if private business loans are available

When it comes to private lenders, business loans are a substantial part of their investing. This type of lending allows for borrowers to obtain money from investors, companies or others that are not associated with commercial banks. Generally, the process requires a less stringent approval process, with lower credit requirements. Some private lenders are every-day citizens.

I recommend: Obtain a business loan from a private lender locally by finding a partner or equity investor in the company. Consider third-party resources to find private investors including Second Venture, where the company helps businesses build capital by connecting investors with them. Consider working with NCH Corporate Headquarters to find the private lenders you need. For real estate investments for the business, consider private commercial lenders like Madison Realty Capital.

Find government business loans

Small business loans are available through the federal government. These loans are federally backed loans for a variety of business needs including start-up, real estate purchases, equipment purchases and expenses. These loans typically have lower interest rates and help millions of small businesses to start or remain open.

I recommend: Apply for a bank business loan through the Small Business Administration, the division of the federal government that provides small business loans. They offer disaster assistance loans, start-up loans, equity capital and surety bonds. To work with the SBA go through a commercial lender that will help you qualify for these government funds. Some businesses can qualify for specialized economic development loans through the Economic Development Administration, which is part of the U.S. Department of Commerce.

Tips & Tactics

Helpful advice for making the most of this Guide

  • •  Investments in commercial business loans often require a well-planned, professional looking business plan. The business plan allows the lender to see who is running the company, the cost of doing so, the way the money will be spent and why the business will be profitable. It convinces them to lend to the business.

FEATURED LISTINGS
Commercial Finance for Healthcare Companies
Our diverse suite of lending products deliver solutions and provide all types of lending solutions for healthcare companies.
About Us | Products Offered | Industries Served | Contact Us
The Loan to Grow Your Business
Whatever your business or funding needs, iBank can help you find the right loan to grow your company. Choose from over 335 lenders today!
Business Cash Advance - Direct Lender Rates as Low as 1.19
Obtain a business cash advance in less than 5 days! We advance up to $500K. Repay from future Visa and MasterCard sales. Minimum 6 months as owner.
Credit to Start or Grow Your Small Business
Get up to $6,500 for computers, travel, office equipment and more!
close window

Guide to Business Loan Key Terms

Know the best type of loan for which to apply

By Shannon Tani


There are many different types of business loans for which company owners can apply. Besides having a good credit score, one of the keys to receiving funding is knowing which type of loan is the right one for your business. For example, if you need early- stage funding, you wouldn't want to apply for a loan with a venture capital firm that only provides late-stage funding. SBA loans can get you started without collateral, but it may be easier to get a commercial mortgage, because the bank can repossess the property if you default on the loan.

Action Steps
The best contacts and resources to help you get it done


SBA loans

SBA loans are provided by traditional banks, but are backed by the U.S. government. This means that they are less of a risk for banks, which makes it easier for a new business to get this type of loan. SBA loans also typically come with a lower interest rate than a normal loan.

I recommend: Learn more about SBA loans through the Small Business Administration, which is the organization that backs them.

Commercial mortgage

Companies use a commercial mortgage in order to purchase a property for their businesses. This could be an office, warehouse or factory, but could also be an investment property, such as an apartment building.

I recommend: ZeroMillion.com describes commercial mortgages.

Agricultural loans

Agricultural loans allow farm owners to get the money that they need to run their farms, typically to purchase necessary farm equipment. Farmers can often receive government help for these types of loans.

I recommend: The Alaska Division of Agriculture discusses agricultural loans, maximum limits and what they can be used for.

Disaster loans

If your business has had property destroyed due to a natural disaster, and the costs have not been covered by insurance, you may qualify for a disaster loan. These are backed by the government. You must contact the Federal Emergency Management Administration (FEMA) to see if you are eligible.

I recommend: At GovLoans.gov, you can learn more about disaster loans.

Venture-capital funding

Companies can get venture-capital funding by trading equity in their businesses for the money needed to get the business off the ground. Venture capitalists are often mostly interested in technological or pharmaceutical industries. Companies should consider venture capital funding if they need millions of dollars.

I recommend: The British Colombia Ministry of Small Business, Technology and Economic Development offers a good description of venture-capital funding.

Early-stage funding

Early-stage funding, or seed funding, is the money needed at the very start of a company. This could buy necessary equipment or pay salaries to important workers.

I recommend: The Social Ecosystem discusses some of the methods of early-stage funding.

FEATURED LISTINGS
Commercial Finance for Healthcare Companies
Our diverse suite of lending products deliver solutions and provide all types of lending solutions for healthcare companies.
About Us | Products Offered | Industries Served | Contact Us
The Loan to Grow Your Business
Whatever your business or funding needs, iBank can help you find the right loan to grow your company. Choose from over 335 lenders today!
Business Cash Advance - Direct Lender Rates as Low as 1.19
Obtain a business cash advance in less than 5 days! We advance up to $500K. Repay from future Visa and MasterCard sales. Minimum 6 months as owner.
Credit to Start or Grow Your Small Business
Get up to $6,500 for computers, travel, office equipment and more!
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What WorksTM for Financial Services

Pricing and Costs of Business Loans

Pricing and costs of business loans for most businesses.
Business loans range in cost based on various factors including where you borrow the funds and the terms of the loan. The various organizations offering these loans may offer several types of loans. By comparing each, businesses can save money on their financing needs.

Business lenders always consider credit as part of the qualification for loans. Higher credit scores (either of the business or of the owner) often mean a lower interest rate. Lenders determine the level of risk involved prior to setting the cost for the loan. When comparing loan costs, consider the following:

1. Invest in a secured business bank loan for the lowest interest rate, because there is less risk to the lender.

2. Compare unsecured business loans. Interest rates are often double or more than secured loans.

3. Turn to private business loans for bad credit loans or in other hard-to-finance situations.

Action Steps

The best contacts and resources to help you get it done

Estimate true costs for start-up business loans

The cost of business start-up loans must include all expenses required. When calculating the cost of the loan, consider the breadth of costs included such as purchasing or renting space, buying inventory, paying employees, managing utilities and paying for advertising. Be sure to consider all costs related to starting and running the business during the first three-to-six months. Getting the right amount of a loan will ensure the business does not need a second loan later.
I recommend:  Seek new business loans from banks and lenders specializing in start-up loans. Bank of America offers small business financing through lump sum loans or lines of credit. Their financial consultants help businesses determine their financing needs. National City Bank offers several types of loans for businesses including lines of credit, equipment purchase loans and mortgages.

Cut costs using government business loans

Small business loans may be backed by the federal government. These loans are available through approved commercial lenders. These loans traditionally offer a lower interest rate and more flexibility in their lending requirements than standard bank loans. They are available in a variety of forms, giving borrowers ways to compare costs and terms. The key aspect to note is these loans are often less expensive than traditional, bank-funded loans.
I recommend:  Work through providers of commercial business loans for government-backed loans. The Small Business Administration provides the funding for business loans. Learn more about your options through this department of the federal government. Additional funding options are available through local organizations, special loan programs and other associations. The U.S. General Services Administration helps to educate business owners on their financing options.

Secure the best business loan based on interest and terms

A bank business loan includes a range of costs. The interest rate, term and closing costs should be compared from one lender to the next. Finding the most affordable business loan is possible when you compare several companies. Most will offer quotes for your business needs. To see the true cost of the business loan, use a loan calculator to compare various loan interest rates, monthly payments and terms. Closing costs should be estimated at one-to-five percent of the loan's value.
I recommend:  Choose the right business loans by comparing options. Third-party websites provide current interest rates and term options for lenders for easy comparison. E-Loan provides current interest rates for small business loans, commercial mortgages and equipment leasing for easy comparison. Commercial companies allow you to compare business loans at their websites prior to application. Wells Fargo offers easy comparisons of their business lines of credit and loans, equipment and real estate financing and their SBA loans. Bankrate provides current interest rates on business lines of credit.

Read more