Small Business Loans
In the U.S. small businesses are essential to the fabric of our economy. In a single year small businesses can provide over a million jobs. In fact, they helped the country’s economy grow 3.4% in 2017. Yet, the process of creating, owning, and maintaining a small business can be challenging. The high costs of equipment, employee salaries, inventory, rent, and other expenses can be difficult to meet for a new business.
Since a small business is independent of other corporations and firms, many businesses owners require capital to succeed and grow. This is where small business loans are beneficial. Small business loans provide the opportunity for business owners to get the cash flow they need to run their businesses more efficiently and successfully with less risk to their personal finances.
With over 30.2 million small businesses in the country according to data by the Small Business Administration (SBA), the average small business begins with $50,000 in capital. As businesses grow or experience challenges in the markets, they require lending for support. Large corporations have multiple ways to finance their expenses, but for small businesses, a small business loan can help owners safeguard their personal assets.
There are several types of small business loans available. Some small business loans are for specific types of businesses such as startups, retail shops, or business owners with bad credit. Other loans are industry-specific, which means they’re related to the type of business you own. For more information about small business loans, check out the financing options below.
October 16, 2020 by WC Team
Whether you are a commercial trucker with good credit or bad, follow our guide to unlock the best financing options for commercial vehicle loans and leases....
October 14, 2020 by WC Team
If you own and operate a trucking company and are considering adding a truck or trailer, use our guide to find the best rates on a truck trader financing facility....
October 14, 2020 by WC Team
Equipment Loans and Equipment Financing can help your small business grow....
October 13, 2020 by WC Team
Is your small business looking for an equipment loan from a vendor? Follow our equipment leasing guide to secure the best rate and terms....
October 13, 2020 by WC Team
If you own and operate a trucking carrier and feel limited by your poor personal credit, follow these steps to get a great loan despite poor or limited credit....
October 13, 2020 by WC Team
Are you a Capital One Bank business customer who is looking to expand their commercial fleet? Follow our guide to unlock the best financing options, rates and terms....
October 13, 2020 by WC Team
If you own a trucking company and have trucks or trailers that need repair, follow these steps, pay less for your repairs and get your vehicles up and running ASAP....
October 12, 2020 by WC Team
Are you an owner operator looking to expand your fleet with trucks or trailers? Follow our guide to unlock the best lenders, rates and programs....
October 12, 2020 by WC Team
Do you operate a trucking company and need to overhaul one or more trucks in your fleet? Follow our guide to find the best financing rates and programs....
October 12, 2020 by WC Team
If your business is looking for its first commercial truck or trailer, follow our step-by-step guide and buy the right vehicle and also secure the best financing....
October 12, 2020 by WC Team
If your small business is looking to finance or lease its next commercial vehicle, we’ve comprised a checklist to help you secure the best rates and terms....
October 11, 2020 by WC Team
If your business is looking to finance equipment, we’ve compiled the best practices to follow so you have the best chance to secure the low-rate financing....
October 11, 2020 by WC Team
Here's a comprehensive guide for trucking operators who are looking to add trucks or trailers to their titled equipment fleet. Find the best lender and rate today!...
October 10, 2020 by WC Team
If you or your small business has poor credit, follow these tips and you’ll secure the best rate and terms, regardless of your poor credit history....
October 8, 2020 by WC Team
If your business is looking to add a commercial truck or trailer to its fleet, follow this step-by-step guide to secure the best rate and terms...
October 7, 2020 by WC Team
If your business is looking for the best rates and terms for a commercial truck loan or lease, follow our guide and apply with many lenders with no credit check....
October 7, 2020 by WC Team
If you’re a New York truck driver looking to add a commercial vehicle, truck or trailer, we’ve put together a guide to the best lenders and programs....
October 6, 2020 by WC Team
Looking for the best rates and terms on commercial truck lease or loan? Sometimes the best banks and lease companies to partner with are in your area....
October 3, 2020 by WC Team
In search for the best commercial equipment lease? Read our review and find the best transportation finance companies offering the best rates and programs....
October 3, 2020 by WC Team
Do you want to save money and refinance your commercial truck or trailer? Follow our guide to unlock the best programs, rates and even save on fees....
October 2, 2020 by WC Team
If you're a small business looking to finance a commercial truck or trailer, use our guide to find the perfect bank or leasing company to match your credit....
October 2, 2020 by WC Team
Do you own a trucking company in Florida and are looking to add a truck to your fleet? Follow this guide to unlock financing hacks: terms, rates no money down!...
October 1, 2020 by WC Team
Looking for the best rate on a commercial truck loan or lease? Follow our guide and secure the best rate with no money down....
October 1, 2020 by WC Team
Finance your commercial truck and stop worrying that your poor personal and business credit may disqualify you. SAecure the best financing despite poor credit....
October 1, 2020 by WC Team
If you own a trucking company and are considering financing a truck, follow our guide to unlock the best financing terms and options regardless of your credit....
October 1, 2020 by WC Team
If you own a trucking company and are looking to finance a new truck or trailer, follow our guide to unlock the best rates, programs and terms....
September 30, 2020 by WC Team
Think you’re out of luck because you or your trucking business has bad credit? Follow these steps to unlock low-rate financing on your truck or trailer....
September 30, 2020 by WC Team
Do you own a trucking company and are looking to finance a next truck or trailer? Follow our guide to secure the best rate from a bank or non-bank finance company....
September 29, 2020 by WC Team
On the hunt for a low-rate and flexible term small business commercial trucking loan? Use our guide to find the best equipment lender and unlock the best terms....
September 29, 2020 by WC Team
Do you own a trucking company and want to expand your fleet? In-house financing may be your best chance at securing low-interest financing rates and terms....
September 28, 2020 by WC Team
If you own a trucking company and are looking for new semi trucks or trailers, follow our guide to better understand the benefits of leasing versus buying....
September 28, 2020 by WC Team
Do you own a trucking company in Los Angeles? Are you looking to expand from being an owner-operator to having a fleet. Follow our growth hacking guide below!...
September 28, 2020 by WC Team
If your trucking company is looking for a commercial truck, but you need financing too, follow our steps below and you’ll uncover the best rates and terms....
September 28, 2020 by WC Team
Looking to add a commercial truck to your fleet, but you’re worried about your poor credit? We’ve compiled options for you so you can shop with confidence....
September 27, 2020 by WC Team
If you own a trucking company and are looking to finance a truck or trailer, follow our guide to unlock the best financing, rates and terms today!...
September 27, 2020 by WC Team
If you own a trucking company and are shopping for a new semi truck, use our guide to unlock the best financing programs and rates-even zero down is available!...
September 27, 2020 by WC Team
Looking to add a commercial truck to your fleet, we’ve compiled a list of the top transportation financing companies for 2020. Find a great equipment lease today!...
September 27, 2020 by WC Team
If you’re cash strapped, but also plagued by poor credit, worry not! We’ve uncovered a step-by-step plan to get you a commercial truck loan fast and easy!...
September 26, 2020 by WC Team
Looking for a commercial truck or trailer for your fleet? Secure the best annual percentage rate (APR) and terms using these best-rated commercial lenders for 2020....
September 26, 2020 by WC Team
Is your trucking or delivery business considering added a commercial pick up truck? If so, follow our guide to secure the best program, interest rate and terms....
September 26, 2020 by WC Team
If you’re looking for a small business comprehensive resource on how to find, buy and finance a commercial vehicle, you’ve found it! Uncover prices, rates and deals!...
September 25, 2020 by WC Team
If you own and operate a trucking company and are looking for a low rate and long term trucking loan, follow our guide to unlock the best rate and programs....
September 25, 2020 by WC Team
On the hunt for a new commercial vehicle like a truck or trailer? We’ve compiled a guide to help you uncover great rates and terms to compliment your purchase....
September 25, 2020 by WC Team
Do you own a trucking company and are looking for new trucks or trailers? Follow our guide to help expand your fleet and save money on financing, rates and fees....
September 25, 2020 by WC Team
In search of the right commercial truck or trailer in California, we’ve narrowed down your search to the top dealers and financing programs to go alongside....
September 24, 2020 by WC Team
If you’re ready to lease or finance your commercial truck or trailer, follow these steps to unlock the best rates, programs and save on fees. Even no money down!...
September 24, 2020 by WC Team
If you have bad personal or business credit, follow these steps to find the best rate on commercial truck financing....
September 24, 2020 by WC Team
Small business financing is hard to come by in 2020, but we’ve uncovered a list of credit unions that love offering loans to commercial truckers at low rates....
September 23, 2020 by WC Team
If your business is looking for the best rates and terms on a commercial truck loan, follow this checklist to uncover the best financing options....
September 22, 2020 by WC Team
If you’re plagued by bad personal credit or poor or no business credit, worry not, we’ve found a list of bad credit lenders who cater to trucking companies....
September 22, 2020 by WC Team
If your trucking company is looking for the best commercial truck loan or lease, Bank of America Equipment Financing may be the best choice! Enjoy our review....
September 22, 2020 by WC Team
Searching for commercial vehicles like a truck or trailer but need financing? Worry not, we’ve compiled a list of small business lenders who love trucking companies....
September 21, 2020 by WC Team
If you’re a truck driver with bad credit and want to add a truck or trailer to your fleet, we’ve got solutions: banks that understand bad credit business loans....
September 21, 2020 by WC Team
If you’re a new business owner and looking for a commercial truck loan, follow these steps and secure the best financing terms: rate, term length and loan amount.....
September 19, 2020 by WC Team
Whether you need a single vehicle or are updating your entire commercial fleet, read our checklist to find Ford’s best financing options and deals of 2020....
September 19, 2020 by WC Team
We’ve compiled a comprehensive guide for commercial truck financing for small business truckers. Adding a truck or trailer, this is for you: best rates and terms!...
September 19, 2020 by WC Team
Do you operate a commercial trucking company and are looking to expand your fleet? Follow our guide to find the right bank financing and terms in New York....
September 18, 2020 by WC Team
Do you own and operate a commercial fleet and are looking for a new truck or trailer? Follow this list and uncover the best financing rates and terms today....
September 18, 2020 by WC Team
Are you a commercial trucker in the market for a new truck or trailer? Follow our guide to unlock the best rates and terms on commercial vehicle financing in Texas....
September 18, 2020 by WC Team
If your small business is adding a commercial vehicle to its fleet, use our guidelines to navigate the pitfalls associated with commercial equipment financing....
September 18, 2020 by WC Team
If you own a small carrier and you’re looking for a low rate trucking business loan, we’ve compiled a list of tools to use to secure the best terms from your lender....
September 17, 2020 by WC Team
Do you own a trucking company and are looking to finance your next truck or trailer? Follow our guide to secure the best financing options: rate and terms....
September 17, 2020 by WC Team
If your business is in the market to finance any commercial vehicle, finding the right loan may be as important as finding the right truck or trailer....
September 16, 2020 by WC Team
Looking for a commercial truck or trailer for your fleet? Take advantage of our commercial buying tips and lender insights and secure the best financing and leasing....
September 16, 2020 by WC Team
Do you own a trucking company but suffer from poor business or bad personal credit? Follow our guide to unlock the best rates and terms on a commercial truck loan....
September 16, 2020 by WC Team
Do you own a trucking company and want to add trucks of trailers to your fleet? Follow this guide to unlock the secrets behind low rate commercial vehicle loans....
September 16, 2020 by WC Team
Are you a short-haul trucking company looking to expand to long-haul? Make low-interest financing for trucks and trailers a part of your business plan....
September 15, 2020 by WC Team
Are you the new owner of a trucking company and are trying to finance a commercial truck or trailer? Here's our guide to the best rates, terms and overall programs....
September 15, 2020 by WC Team
Don’t buy another commercial vehicle, truck or trailer without reading our guide on how to obtain the best low-rate financing for your trucking company....
September 14, 2020 by WC Team
Do you own a trucking company and are looking to expand your fleet with used trucks or used trailers? Best rates and terms on used truck financing at your fingertips....
September 14, 2020 by WC Team
If your business is looking for commercial vehicle financing, we’ve outlined nine ways to ensure your business secures the best vehicle and also the best rate loan....
September 13, 2020 by WC Team
Don’t finance another truck or trailer for your trucking company without reading our comprehensive guide to trucking business loans. Tricks on how to secure low rates!...
September 13, 2020 by WC Team
Do you own a commercial trucking company and are looking to expand your fleet with trucks or trailers? Online lenders may be better than your bank for best rates....
September 12, 2020 by WC Team
Are you a commercial trucker that wants to build credit? Financing truck tires may be a great option to build both consumer and business credit....
September 12, 2020 by WC Team
Don’t buy a used truck or trailer for your fleet without first reading our comprehensive guide: Top 10 issues related to used commercial vehicles, loans and leases....
September 13, 2020 by WC Team
Looking for the best truck and trailer financing? Follow our guide to the top-rated commercial equipment leasing companies and uncover the best rates and no fees....
September 12, 2020 by WC Team
Use commercial equipment leasing to finance your next truck or trailer and
put no money down at all. Here are our tips to secure the best rate with zero down....
SBA Loans: Small Business Administration Financing
Small businesses with less than 20 employees experienced the most growth in 2015, creating 1.1 million jobs. This kind of economic development is why the Small Business Administration was formed. As an organization dedicated to helping small business owners succeed through advice and economic guidance, business owners seeking low-interest loan rates who are not in a hurry for funds, can apply for an SBA loan.
Read more: SBA Loans
Business Line of Credit Loan
A business line of credit is a great option for business owners who may need funds quickly, but do not need a fixed amount of money lent to them over time. With a business line of credit you only use what you need and pay interest on that sum.
Read more: Line of Credit
Startup Business Loans
A business line of credit is a great option for business owners who may need funds quickly, but do not need a fixed amount of money lent to them over time. With a business line of credit you only use what you need and pay interest on that sum.
Read more: Startup Loans
Short Term Financing & Business Loans
If your business is in need of quick financing that can be repaid in a short period of time, the answer to your emergency cash flow problem may be a short-term loan. Though this type of small business financing can have higher interest rates, these loans have terms of only six months to two years.
Read more: Short Term Loans
Merchant Cash Advance Financing
Small businesses with revenue from credit and debit cards such as retail stores and restaurants have the option of using a merchant cash advance. An MCA provider essentially purchases your future profits, which are then automatically deducted with a fixed payment from your future profits.
Read more: Merchant Cash Advance
Invoice Factoring & Financing for Small Businesses
For small businesses with many invoices that are slow to be repaid, such as trucking company that seeks repayment from shippers and brokers, invoice factoring is a financing option that provides a portion of the funds to you and then collects the debt on your behalf.
Read more: Invoice Factoring
Accounts Receivable Financing
Similar to invoice factoring, accounts receivable financing is a line of credit for small business owners who are looking to cover business expenses while waiting for payment from clients and vendors.
Read more: Accounts Receivable Financing
Unsecured Business Loans & Financing
Traditional small business loans require collateral or a down payment to show a business owner’s ability to repay the loan. With an unsecured loan, collateral is not required, so there is no value against the loan to reduce the risk of investment for the lender. That’s why these loans have higher interest rates, but it’s also why they can be a desirable option for business owners with fewer assets.
Read more: Unsecured Loans
Business Acquisition Loans
Purchasing an existing business can be an expensive endeavor, though for some small business owners the risk of owning a working business is less than creating a new one from scratch. However, not many people can purchase a business outright. There are several ways to finance a business acquisition with the help of a lender.
Read more: Business Acquisition Loans
Inventory Financing Loans
For some businesses, sales can ebb and flow, but a consistent need for inventory is required. An inventory finance loan allows a small business owner to purchase the products or materials needed before the products are sold. This form of financing allows business to keep running even when cash reserves are low.
Read more: Inventory Loans
Micro Business Loans
Some small businesses do not require large sums of money, but require lower interest rates than a business credit card. A micro loan is an option for a business owner who seeks less than $50,000. Micro loans are typically only $10,000 and can financed through nonprofit micro-lenders and crowd-funding sites.
Read more: Micro Business Loans
