Update: We've updated this page to include new research on small businesses' need for capital and where they are turning for it.
Part of running a business is seeking funding. If you're working on a startup, you'll need financing to get things off the ground. If you run an established small business, you'll need funding to expand operations at some point. Even enterprise companies sometimes need loans and investments to kick off new projects and expand. Funding can mean growth, and if you get the right loan with the right terms for your business, you can benefit highly from financing.
There are many different types of financing for small businesses. Traditional long-term loans are ideal for real estate, SBA partners offer disaster relief loans, and alternative lenders can provide fast business loans without collateral. As long as your business is stable and healthy, you'll be able to find some form of funding.
February 2020: New research shows that accessing capital is a priority for many businesses during the first quarter of 2020. The study from Balboa Capital revealed that among small businesses that need growth capital in the first few months of the year, 25% will apply for a small business loan, 19% will apply for a business line of credit, and 13% will apply for equipment financing. Of those, 42% plan to turn to banks for the money, with 29% looking for loans from alternative lenders and 21% expecting to reach out to credit unions for an influx of capital.