A Simple Guide to Small Business Term Loans

How small business term loans work When your business qualifies for a term loan, you’ll typically receive an agreed-upon sum of money to be paid back plus interest, with scheduled monthly payments over a set repayment term. Loan amounts for term loans can range anywhere from $25,000 to $500,000. Term loans generally have interest rates on the lower … Read more

A Beginner’s Guide to Small Business Loans and How to Qualify for One

What is a business loan? Let’s start with the basics of a business loan and the different ways they can be structured. No matter what type of loan you apply for, your goal should be to secure the lowest-cost funds available. You may also want to strive for long terms as well since that typically leads to lower payments. Note that if you have strong credit scores, you may be able to get a lower … Read more