Small Business Loans

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Small Business Loans : Build the Business You Envision

Small Business Loans

What you don’t plan can cost you value.

Why Would You Need a Loan?

Small business loans give new and established businesses access to the funding they need to grow, manage expenses, or invest in new opportunities. Different loan options are designed for different goals, so the right fit depends on your business needs.

Term Loan

A standard bank-type loan where you’d receive the funding, then pay off the principal plus interest over time.

Equipment Financing

A way to get an edge; you receive the equipment upfront and pay it off over the life of the equipment.

Merchant Cash Advance

Borrow against future credit card sales and then pay back a percentage of daily CC sales to the lender.

Business Line of Credit

You’re extended a line of credit and is charged the interest only on what is spent. Think of it as a non-physical credit card!

 

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Small Business Funding

We partnered with ROK Financial to help business owners access funding with flexible options designed to support growth without adding unnecessary financial pressure.

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QUESTIONS & ANSWERS

Frequently Asked Questions

A small business loan is any funding option specifically designed for a small business. They allow existing or startup companies to borrow money from various lenders, and much like life insurance, they work differently depending on the type of loan and the situation they're applied to.
As mentioned before, small business loans can help you keep control of your profits, avoid problems with loans that have strings attached, and protect you from putting your personal assets at risk!
Yes! Having your Tax ID or SSN, business license, and recent tax filings are necessary. Balance sheets, and bank statements will help speed up approval time.
This one's tricky. Loan rates will change based on the type of loan for which you are applying. There is also some variation depending on the amount you need and the specific terms. On average, though, small business loan rates can range somewhere between 2 percent and 13 percent.
The best way to avoid collateral is to be prepared and able to pay off the loan. It's a give and take system, so something has to be "taken", after all. Do your due diligence by knowing how you'd pay back what's owed and making sure your credit score isn't too awful, and you should be good.
You will get a clearer understanding of the risks and benefits ahead of you, and what steps can help protect your people, revenue, cash flow, continuity, and long-term value.