The need for funding is a critical and ongoing concern for owners of small businesses. In fact, few things are as important to the success of any kind of business small or large scale operation.
Many small businesses are started with their owners personal resources. But they can rapidly get to the stage where the owner(s) must turn to external credit sources for financial assistance to expand operations.
Banks are an important source of working capital. However, investors may not realize that a commercial credit application is a more personalized one than applying for consumer credit, and requires a meticulous preparation by the applicant.
This site will try to demystify the process and improve your chances of getting the money you need.
- Types of Loans
- The Credit Application Process
- Sources of Technical Assistance
- If Your Application Is Not Approved
- Equal Credit Opportunity Act
- If You Need Help
- Federal Enforcement Agencies
- Alternative Sources of Capital