Small Business
Small business loans and credit cards can help launch your startup, cover overhead costs, purchase equipment, refinance debt — and more. Explore your options below and find the right business loan or business credit card for you.
Spotlight articles
48% of small businesses don’t make it past 5 years: Here’s how your business can beat the odds
Almost half of U.S. small businesses fail within five years. Here’s how to beat the odds.
Types of small business loans offered at banks
There are several types of loans that small businesses can seek at banks to grow their business.
How to compare and work with invoice factoring companies
Four tips to help you find and work with an invoice factoring company.
48% of social media users have made impulse purchases: How social media is changing online shopping for small businesses
Social media helps small businesses reach potential customers, build brand awareness and understand customer needs.
Loans for small businesses
Small business loans provide capital to help cover just about any business expense.
You have a variety of options to choose from, including working capital, term loans, business lines of credit and equipment loans, just to name a few.
Banks and credit unions are well-known places to get business loans. But eligibility requirements can be strict. Business owners with fair or bad credit will have better luck with online lenders, also known as fintech lenders and nonbanks. And for even more options, community-development financial institutions (CDFIs) and Minority Depository Institutions (MDIs) have a track record of helping minorities and other business owners in low-income communities who struggle to gain access to funds from traditional lenders.Credit cards for small business
Business credit cards are a great way to cover short-term business expenses. Like business lines of credit, you gain access to a pool of funds that you can repeatedly use up to your credit limit, and you’re only charged interest on the funds that you use.
Unlike small business loans, you have a chance to pay off your debt without any interest charges as long as the business credit card offers a grace period and you pay your balance in full each month. usiness credit cards also come with features not found with business loans. This may include free employee cards, cash back or travel rewards for purchases, and business-related perks.
What's new
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‘Small business is the true heart of a community.’ McPherson Local’s quest to showcase Michigan-made products
Discover the inspiring story of small business owner Jen McPherson and her mission to support local artisans and encourage people to shop small in Saline, Michigan.
3 min read Nov 20, 2023 -
How Sarah Ingram scaled Grassroots Yoga to serious success — and still gives back
Learn more about Grassroots Yoga and how small business owner Sarah Ingram gives back to her community.
4 min read Nov 14, 2023 -
How Kainos Leather became a 5-star Etsy business
Learn how Kaleb George turned his love for leather into a successful Etsy business, Kainos Leather. Discover the origin story and secrets to his 5-star shop.
6 min read Nov 14, 2023 -
7 ways to make the most of Small Business Saturday
Small Business Saturday is a powerful opportunity for local, independent businesses to engage with shoppers who are eager to support their community.
5 min read Nov 14, 2023 -
Survey: More holiday shoppers will likely shop on Small Business Saturday than Black Friday this year
Small Business Saturday is gaining in popularity among holiday shoppers. A recent Bankrate survey shows that more people are planning to shop on Small Business Saturday than on Black Friday.
9 min read Nov 14, 2023 -
Black Friday vs. Small Business Saturday: Which major shopping event is right for your small business?
While Black Friday and Small Business Saturday both offer opportunities for small businesses to boost sales, they each have their pros and cons.
5 min read Nov 14, 2023 -
Best small business loans for under $5,000
Small business loans of $5,000 or less can provide a much-needed boost to entrepreneurs with limited resources.
7 min read Jul 19, 2024 -
Tips for preparing your small business for the holidays
With the holiday season expected to bring in $221.8 billion in sales, small businesses can attract new customers by creating a holiday plan, leveraging social media, stocking up on inventory, and adding [...]
6 min read Jan 19, 2024 -
Can your business afford to offer free shipping on Small Business Saturday?
Customers often expect free shipping when shopping online for Small Business Saturday, but can your business afford it?
5 min read Nov 02, 2023 -
Taycor Financial vs. Triton Capital: Which small business lender is right for you?
As online lenders, Taycor Financial and Triton Capital offer more lenient lending requirements than more traditional lenders. We’ll look at how they compare to help determine which lender is best for [...]
5 min read Nov 02, 2023