Menu
Running a business requires money, whether you’re just starting out or expanding an existing venture. Business loans can provide the financial support you need to achieve your goals. In this guide, we’ll explore everything you need to know about business loans, the types available, and how to choose the best one for your business. Click below to check the latest rates for small business loans.
We earn a commission from
partner links displayed on this
pade. which impacts how
and where their offers appear
We earn a commission from
partner links displayed on this
pade. which impacts how
and where their offers appear
When choosing a business loan, it’s important to compare your options carefully. Look for:
Interest Rates: Lower rates mean lower overall costs.
Loan Terms: Longer terms can reduce monthly payments but may cost more in interest.
Eligibility Requirements: Ensure you meet the lender’s criteria before applying.
Repayment Flexibility: Some loans allow early repayment without penalties.
Each loan type serves a different purpose. For example:
If you need working capital, consider a line of credit.
For equipment purchases, equipment financing is ideal.
Expanding your business? A term loan may work best.
A business loan is a type of financing provided to businesses to cover expenses such as startup costs, expansion, or daily operations. Unlike personal loans, business loans are specifically designed to meet the financial needs of companies.
Business loans can be used for:
Buying equipment or inventory.
Hiring employees or training staff.
Expanding to new locations.
Improving cash flow.
Marketing campaigns or product development.
If you want to grow your business or manage unexpected expenses, a business loan can be the solution.
Understanding the types of loans available can help you choose the right one for your needs.
Term Loans
Term loans are the most common type of business financing. You borrow a lump sum of money and repay it in fixed installments over a set period. These loans are ideal for larger, one-time expenses like buying equipment or expanding your operations.
Business Lines of Credit
A business line of credit gives you access to a set amount of money that you can borrow as needed. You only pay interest on the amount you use. This is great for managing short-term expenses or unexpected costs.
SBA Loans (Small Business Administration)
SBA loans are government-backed loans designed to support small businesses. They often have lower interest rates and longer repayment terms, making them a popular choice for small business owners.
Equipment Financing
If your business needs new machinery, vehicles, or other equipment, equipment financing can help. The equipment itself serves as collateral for the loan.
Invoice Financing
For businesses that deal with invoices, this type of loan allows you to borrow against unpaid invoices. It’s a quick way to improve cash flow without waiting for customers to pay.
Merchant Cash Advances
Merchant cash advances provide you with a lump sum upfront in exchange for a percentage of your daily sales. This can be an expensive option but is helpful for businesses with high credit card sales.
Startup Loans
Startup loans are designed for new businesses with little to no operational history. They often require a strong business plan and good personal credit.
We earn a commission from
partner links displayed on this
pade. which impacts how
and where their offers appear
We earn a commission from
partner links displayed on this
pade. which impacts how
and where their offers appear
Material Disclosure:
Cashably is not a lender, or agent for any lender or loan broker. We are an advertising referral service to qualified participating lenders, credit repair companies, banks, and trusted partners. Not all lenders can provide the amounts advertised, and there is no guarantee of acceptance by any lender. Cashably does not control and is not responsible for the actions or terms provided by any lender, including APR details. For specifics about your loan, please contact your lender directly.
The information you submit on this website may be shared with one or more participating partners. You are under no obligation to use our service, contact a lender, register for credit, or accept any offers. Cash transfer times and repayment terms vary between lenders and may be regulated by state and local laws. Please review our FAQs for additional information on issues such as credit and late payment implications.
All loans are subject to underwriting and approval. Debt consolidation, debt relief, and credit card refinancing involve using a new loan to pay off your existing balance. This does not eliminate debt but replaces one debt with another. While personal or business loan rates generally may be lower than credit card interest rates, you may pay more in origination fees and interest over the life of the loan, depending on the loan terms. Please consult a financial advisor to determine if refinancing or consolidating is right for you.
Cashably is not responsible for the accuracy, legality, or reliability of third-party products, services, or information provided. We may receive compensation for sponsored placements, which may affect how products appear. Our listings may not include all available financial products or providers, and loan services may not be available in all states. By submitting your information, you consent to be contacted by third-party lenders via phone, text, or email, and Cashably is not liable for the content, frequency, or security of these communications. Cashably takes reasonable measures to safeguard user data but cannot guarantee absolute security against unauthorized access, data breaches, or theft of information.
By using this site, you acknowledge and agree that Cashably is not liable for any direct, indirect, incidental, or consequential damages, including but not limited to financial loss, business interruption, loss of data, or damages related to data breaches or third-party communications.
