{"id":193383,"date":"2018-10-11T09:18:58","date_gmt":"2018-10-11T16:18:58","guid":{"rendered":"https:\/\/www.nationalfunding.com\/blog\/?p=193383"},"modified":"2023-11-01T10:06:31","modified_gmt":"2023-11-01T17:06:31","slug":"financing-options-small-business","status":"publish","type":"post","link":"https:\/\/www.nationalfunding.com\/blog\/financing-options-small-business\/","title":{"rendered":"How to Choose a Lender for Small Business Financing"},"content":{"rendered":"

This article is part of a series in which a National Funding customer shares their insights on finding a loan specialist, giving back to the community and expanding one’s business.<\/em><\/p>\n

Money is the lifeblood of any business, and financing options for a small business can be confusing. Cheryl Dailey, co-owner of Master Handyman, LLC<\/a>, a Cleveland, Ohio-based commercial repair company, would know.<\/p>\n

Recently, Cheryl and partner Dan Dailey wanted a small business loan<\/a> to help with cash flow. They interviewed several small business lenders and chose loan specialist Christine Baeza of National Funding.<\/p>\n

During their hunt, Cheryl came across some ways to tell if a lender is a good fit.<\/p>\n

Look for the Right Partner, Not Just the Right Funding<\/h2>\n

The best thing owners can do is to find small business lenders that complement their business and act as a partner in their growth.<\/p>\n

“Small business owners should surround themselves with people who are interested in their success,” says Cheryl. “Dan found National Funding online and reached out initially. I took over from there. Christine took the time to find out what we were looking for instead of pushing what she had to offer. It felt like a partnership instead of a sales pitch.”<\/p>\n

\"Outside
\nCheryl Dailey of Master Handyman, LLC<\/em><\/p>\n

Make Sure Lenders Give You Some Breathing Room<\/h2>\n

“Some [lenders] were incredibly pushy,” says Cheryl. “Others refused to speak with me, insisting on speaking with Dan. They treated me like a gatekeeper and lied about conversations they had with Dan and paperwork I should send.”<\/p>\n

Cheryl and Dan were looking for a lender who was willing to interact with them on their terms.<\/p>\n

“This was our first business loan,” says Cheryl. “Christine got it that we were busy. She did a lot of communication by email and would call only when it was convenient for us. She listened to understand our business and needs from the beginning.”<\/p>\n

Do Your Own Research, and Read the Fine Print<\/h2>\n

“Unfortunately, there are predatory lenders who offer something that sounds great, but when you read the fine print you find the repayment is unrealistic with high interest,” Cheryl says.<\/p>\n

Christine also suggests conducting some research on your own.<\/p>\n

“Finding a good fit is important,” says Christine. “I advise customers to Google companies, take a look at sites like the Better Business Bureau<\/a> and TrustPilot, and dig into lenders they’re considering.”<\/p>\n

Drowning out the noise<\/a> during your loan search can be difficult, with so many lenders vying for your attention. Heeding Cheryl’s advice next time you’re on the hunt could leave you with a financing ally for years down the road.<\/p>\n

As part of our series, learn how National Funding’s small business financing<\/a> helped Master Handyman expand into underserved markets<\/a> and give back to their community<\/a>. You can also learn more about the company’s journey in our video feature<\/a>. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Financing options for a small business can be confusing. The best thing a business owner can do is to find a loan specialist who cares about their success.<\/p>\n","protected":false},"author":9,"featured_media":193381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[67,114,14],"class_list":["post-193383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-health","tag-business-financing","tag-managing-your-cash-flow","tag-small-business-loans"],"yoast_head":"\nFinancing Options for a Small Business: How to Choose a Lender<\/title>\n<meta name=\"description\" content=\"Financing options for a small business can be confusing. 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