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.
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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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What is a business debt schedule?
A business debt schedule can help you manage your long-term business debts. Here’s what you need to know about them.
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What is an income statement?
Income statements are essential financial documents for small businesses. Learn more about them here.
4 min read May 31, 2023 -
How much revenue do you need to get a business loan?
Annual revenue requirements vary by loan type and lender.
5 min read May 23, 2023 -
How to do a cash flow analysis
A cash flow analysis can help you determine if you can repay a loan.
3 min read May 23, 2023 -
1099 vs. W-2 employee
Misclassifying a worker has consequences. Make sure you know the difference.
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LLC vs. Corporation
LLCs are simple and flexible but corporations offer stronger protections.
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How to convert factor rates to interest rates
Learn two methods to convert factor rates to interest rates to more easily compare business loans.
4 min read May 19, 2023 -
How to choose the best short-term business loan
We’ll show you different short-term loan options, what to look for and top lenders.
8 min read May 16, 2023 -
How to build business credit: 7 steps
Establishing and building business credit can help you to grow your company.
6 min read May 15, 2023 -
How to qualify for an unsecured business line of credit
Getting approved for a line of credit depends on a business’s credit and finances.
6 min read May 09, 2023