Small Business Loans

What a Small Business Loan Is

Small business loans are a type of debt financing where a borrower receives a lump sum of money, typically under $500,000, from alternative and traditional lenders, then makes payments on a predetermined schedule with interest. The financing is a way for the company to:  Bridge gaps in cash flow  Purchase or lease equipment, vehicles, inventory, or machinery  Recover… Read more »

How To Get Trucking Business Loans

With over 500,000 trucking businesses in the United States, it is one of the country’s most competitive industries. As of 2020, the U.S. trucking industry was valued at $732.3 billion, with 902,000 truck drivers employed. But therein lies a problem. With about 900,000 drivers to 500,000 businesses, there are fewer than two truckers for every… Read more »

How Do Small Business Loans Work

Two construction workers discuss business plans.

Small business loans offer several benefits when compared to other forms of financing. Unlike investor funding or selling company shares, you don’t give away a portion of your business equity with a loan. Compared to crowdfunding, small business loans are far more reliable and faster in acquiring the funds you need for your company. Here,… Read more »