An SBA loan is a small-business loan that can help cover startup costs, working capital needs, expansions, real estate purchases and more. This type of financing is issued by a private lender but backed by the federal government.
Access to funding is a top challenge for small businesses. However, by exploring various funding options such as loans, crowdfunding, and invoice financing, you can find the support you need to take your business to the next level.
Personal savings is the most common source of funding for small businesses. But did you know that by accessing external funding sources, you can avoid depleting your Revenue Based Financing and instead invest in your business with confidence?
Business funding can help businesses expand their operations, purchase new equipment, and increase their inventory. By investing in your business with funding, you can unlock opportunities for growth and set yourself up for long-term success.
A lack of funding can prevent businesses from achieving their growth potential. However, by accessing business funding, you can overcome financial challenges and seize new opportunities that will help your business thrive.
Small businesses owned by women and minorities are less likely to receive funding than those owned by men. By exploring diverse funding options such as the Small Business Administration (SBA) loan programs and crowdfunding, you can access the support you need to build a successful business.
The SBA offers a variety of loan programs with lower interest rates than other types of loans, helping you to avoid high-interest debt and improve your credit score.