Benefits and drawbacks away from startup business loans

Benefits and drawbacks away from startup business loans

  • Compare lenders and loan offers. Seek out several different lenders that offer startup business loans. You can use a site like the SBA’s Bank Matches to help you track down lenders in your area that might fit the bill. These lenders may ask you for details on your personal and business finances before extending a conditional loan offer. Once you’ve received loan offers from multiple lenders, compare the interest rates and terms to find the best deal. Even a small difference in interest rate can equate to thousands of dollars over the life of a loan. Read More