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Business Loans – Apply for a Business Loan Today, business loans australia.#Business #loans #australia


Business Loans

Business loans australia

A business loan can help you realize your aspirations for your company. Whatever the size of your business, whether you are just starting or you need a cash injection to expand, you might require the extra support of a loan. However, if you are considering a business loan make sure that it is something your business can afford. It is worth comparing as many different business loan offers as possible to ensure that you get the best deal possible. This loan could be the make or break of your business. Work out all of your costs carefully and make sure you are confident that you will be able to make payments on time. Generally speaking the two main types of business loans are either secured or unsecured. It pays to do your research and shop around because you are more likely to find a better deal than just accepting the first loan that you come across. We provide the details for loan suppliers who offer some of the best interest rates in South Africa.

If you wish to speak to someone: Contact Us

Related Business Loans Products

Compare Business Loans

Business loans australia

Whether you are just starting up or are already an established business, a business loan can help you reach your goals.

These types of loans are taken out for people looking for financing for their business. Often getting the right finance is critical to the success of any business.

Business loans can help you realise your current and future aspirations.

Whatever the size or type of your business you can find a wide range of loans that can suit your corporate requirements. There are lenders that specialize in finding both short term and long term financial solutions for business owners, regardless of their personal credit history.

Be prepared to be required to submit a business plan when applying for a loan to provide information to the lenders on the performance and future plans for your business.

What can a Business Loan be used for?

Most business loans are taken are in order to expand a business’s earning potential in some way. Business loans are particularly helpful for companies looking to get started. Business loans give businesses instant access to money allowing companies to expand their potential profitability.

Business loans are used for a range of purposes. It could be that you are looking for new offices or space for your business, you want to purchase business insurance or you need to buy necessary equipment, employ more staff or for promotion for your company.

Finding the right loan for you and your business

Whatever your needs it is important that you choose the right business loan to ensure you get the best deal. Make sure you find the lender that offers the most competitive interest rates and a range of loan terms to suit your requirements. Choose a company that understand your specific needs.

The amount you can borrow will depend on your business and each lender will have its own criteria. The exact amount you can borrow is usually based on the size or type of your business but could also be determined by what you need the money for.

Watch out for any hidden or upfront fees that might be attached to the loan and always read the terms and conditions thoroughly.

Business loans can have many flexible aspects so take your time and compare the different loan offers. Use the table above to compare different lenders.

How to compare business loans quickly and easily

Searching for a loan that is suitable for you can be a challenging task. That is why our comparison grid will come in helpful so you are able to make an informed decision your you and your company. You are quickly able to compare information such as the provider, representative APR, total amount payable, product and terms and conditions.

Remember, every time you are refused an application for a loan it could have an effect on your credit rating. Only apply for a loan you are confident you will be accepted for.


Abfin Finance offers the best deal on financial services such as personal loans, Bridging Loans, Debt Rescue Plans, Pay Day Loans, Cellphone Contracts and a Quick Application Form to people in South Africa, including blacklisted clients, bridging loans.#Bridging #loans


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Refinance Your Auto Loan – Pre-Qualify in Minutes, Progressive, refinancing auto loan.#Refinancing #auto #loan


Auto Loan Refinancing

Customers save on average $2,500 over the life of the loan *

Pre-qualify for auto refinancing in minutes

No impact to your credit score

Want to see how much you could save by refinancing your auto loan? Pre-qualify online with Progressive Auto Finance by Capital One. In just a few minutes, you’ll see your calculated rate/term options and how much you can save. And because it’s only a “soft” credit inquiry when you pre-qualify, there’s no impact to your credit score.

If you like what you see, go ahead and complete the official auto loan refinance application and E-Sign your contract. If not, there are no fees and no obligation to buy.

Auto financing is available if you’re purchasing a new or used car.

How refinancing a car loan works

Pre-qualify online for free

If you pre-qualify, you’ll see your estimated monthly payment, term and APR. You may have more than one option to choose from.

Submit a credit application and sign your contract

Once you choose your offer, complete your credit application. You can even sign your contract online. When you submit your official auto loan refinance application, there will be a “hard” credit inquiry that will affect your credit.

Finalize your auto loan refinance application

Capital One may need some documents to complete your refinance, such as VIN, lender details, proof of income, proof of residence and/or a title document. After verifying your information, we’ll pay off your current loan. Then, you’re all set and you officially refinanced.

See more info on car loan refinancing with Capital One.

Auto refinancing is one more way we help you find what you need

Progressive offers so much more than auto insurance. Whether you’re refinancing a car, buying a home, starting a business, planning a wedding, increasing your financial assets or more—we’re here to help you find protection along the way. See more insurance choices.

Pre-qualify for auto refinancing in minutes

The #1 Insurance Site

Copyright 1995 – 2017. Progressive Casualty Insurance Company . All Rights Reserved.

We offer insurance by phone, online and through independent agents. Prices vary based on how you buy.

* Lifetime savings claim is based on average reduction in total lifetime payments Capital One customers experience over the life of the loan compared to their prior lifetime payments. Claim does not include customers who choose to extend the number of remaining payments on their auto loan. Lifetime savings may result from a lower interest rate, a shorter term or both. Your actual savings may be different.

Documentation may be required. Credit approval required. Terms, conditions, and restrictions apply, including vehicle eligibility and amount refinanced. Capital One Auto Finance only refinances loans from other financial institutions, not including Capital One subsidiaries. Find out more at Capital One. Auto financing products and services offered by Capital One, N.A. © 2016 Capital One.

Vehicle financing and refinancing and associated services are provided by Capital One, National Association, which is not affiliated with Progressive.

Progressive is not a lender or financing/refinancing broker, does not originate or arrange financing/refinancing, and does not endorse and is not responsible for Capital One’s products or services, the content or operation of its website, or how it handles or uses your information. Information you provide to Capital One is subject to its privacy policies and website terms of use, and may be shared with us.

Progressive receives compensation from Capital One for loans made through this program. Contact us for more details.

Financing/refinancing may not be available in all situations.

Void where prohibited by law.


HSBC Variable Home Loans and Interest Rates, HSBC Australia, home loans australia.#Home #loans #australia


Compare Home Loans

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Compare home loan interest rates features

Compare our range of home loans. Designed with flexibility and exclusive service to best suit your needs whatever house or apartment you are buying.

Home Value

A simpler home loan with a competitive variable rate

Standard Variable Rate

Complete repayment flexibility

Home Smart

Combine your income, savings and loan into one easy to manage account

Home Equity

A loan that gives you the freedom to create wealth

Owner Occupied and Investment

Owner Occupied and Investment

Owner Occupied and Investment

Owner Occupied and Investment

Due to the Australian regulatory environment, new home loan investment lending with HSBC is currently reserved for existing HSBC customers

Interest Rate Type

Owner Occupied Interest Rate

(Principal and Interest)

Owner Occupied Comparison Rate #

(Principal and Interest)

Owner Occupied Interest Rate

Owner Occupied Comparison Rate #

Owner Occupied Premier Discount* (Eligibility criteria apply)

Investment Interest Rate

(Principal and Interest)

Investment Comparison Rate #

(Principal and Interest)

Investment Interest Rate

Investment Comparison Rate #

Investment Premier Discount* (Eligibility criteria apply)

Monthly Account Keeping Fee

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Maximum Loan to Value Ratio (LVR)**

Owner Occupied – 90%

Owner Occupied – 90%

Owner Occupied – 90%

Owner Occupied – 80%

Home Value

Standard Variable Rate

Home Smart

Home Equity

Important Information

  • Fees and charges apply.
  • Terms and Conditions apply.
  • Lending criteria apply.
  • ^ Terms, conditions and restrictions apply.

Existing HSBC customers are defined as those with an existing retail bank lending product (mortgage), or in the absence of this, currently hold a deposit account with HSBC Australia for a minimum of 6 months (credit card only customers excluded).

  • * Our Variable rates are subject to change. Tiered discounts apply, loan amount of AUD 500,000 – AUD 749,000 receive 0.75% discount p.a., loan amount of AUD 750,000 – AUD 1,499,000 receive 0.80% discount p.a., loan amount of AUD 1,500,000 or greater receive 0.85% discount p.a. Visit hsbc.com.au for details of the Standard Variable Rate applicable at the time of application. HSBC Premier monthly fee of $35 applies. Eligibility criteria for HSBC Premier applies and is available from our branches, by calling 1300 301 168 or hsbcpremier.com.au. Eligibility criteria remains at HSBC’s absolute discretion. Terms, conditions and other restrictions apply.
  • ** For owner occupied and investment loans, HSBC will lend up to 90% to Australian residents with Lenders Mortgage Insurance (subject to approval) and up to 80% without LMI, providing security is acceptable to the bank. Overseas borrowers maximum LVR is 70%.
  • # Comparison rate calculations for Home Loans are based on designated amount of $150,000 and a term of 25 years. Our comparison rate schedules are available at our branches and at www.hsbc.com.au. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
  • Copyright 2017. HSBC Bank Australia Limited ABN 48 006 434 162 AFSL/Australian Credit Licence 232595 All rights reserved.


    Commercial Loans, Commercial Mortgage, how to get a business loan.#How #to #get #a #business #loan


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    Commercial Loan Portal

    to 750 Commercial Lenders

    Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REIT’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. And C-Loans is free!

    Ranked the most popular commercial mortgage portal by How to get a business loan

    How to get a business loan

    Commercial Loan Portal

    to 750 Commercial Lenders

    Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REIT’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. And C-Loans is free!

    How to get a business loanC-Loans Thanks: Alicia Gandy of Blackburne Sons Realty Capital Corporation

    For Closing a $650,000 First Mortgage on a Strip Center in Tulsa, Oklahoma (More Info and Mini-App)

    How to get a business loan

    Commercial Loan Portal

    to 750 Commercial Lenders

    Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REIT’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. And C-Loans is free!

    How to get a business loanC-Loans Thanks: Vito Piche’ of

    Red Star Commercial Funding

    For closing a $250,000 First Mortgage

    on a commercial building in Atlantic Beach, NY


    Credit Lenders Offer Bad Credit Short Term Loans UK, guarantor loans.#Guarantor #loans


    Exclusive Lending offers with No Credit Checks

    Guarantor loans

    We are the leading resource for financial lending with no credit check options and flexible lending rates. The loan approvals are instant, taking into view the lending requirements.

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    Are you in an urgent need for the loans for the long term purpose? Credit Lenders is the reliable lending resource to help you out. We have best ever offers on instant long term loans.

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    Credit Lender has specially designed loan options for the unemployed to keep their financial condition stable and well-balanced. We don’t deal with your unemployment, but in a way.

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    Credit Lenders offer Short Term Loans for the Unemployed

    Credit Lenders is the UK located online credit lending agency offering short term and Bad Credit loans on sumptuous deals and convenient line of credit. We have experience in handling people from diversified interest groups, and acknowledge their bad financial days or credit situation and finance their needs. Being the regulated and experienced loan lender in the UK. we at Credit Lenders, are the right match for the Britons.

    Affordable Short Term Loan Lender

    Applying for Short term has become simple, convenient and less time consuming as the result of Credit Lenders‘ superior lending strategies. We are the dependable short term and bad credit loan lender in the UK, meeting the interest of our customers. Short term loans are available on competitive rates of interests and flexible APRs, and this means the bad credit loans are available in affordable packages.

    We are building trust with our customers by ensuring that there loan applications are approved quickly and loan amount is credited directly into the account. The loans advisers are experienced, and which calls for the reason that they hold the right expertise and intellect to provide professional guidance to the prospective loan borrowers.

    How Does it Benefit You?

    We offer you multiple monetary benefits that allow you to accomplish all your desires as well as help you to remain financially secure. Lending from us will be a great experience because loans are designed here as per individual’s specific needs.

    Why Choose us

    Loans are for the personal financing needs, and therefore, require personal consideration. Credit Lenders is the UK based online credit lending agency working towards smart and real-time strategies to offer personal loans to its diversified stream of borrowers on best and competitive lending interest rates

    As one of the fast growing online credit lenders in the UK, we are providing not just the loans, but great value advantage to the loan borrowers.

    We have built up trust and value during our interaction with customers. Our commitment is to the borrowers to improve their financial conditions & bring stability.

    Recent Post

    Equifax, Experian and Callcredit are the popular credit agencies working towards commonality of interests and prime focus to report and then fix the errors. These credit agencies are also entrusted with the job to offer you the details of your spending history, and make it possible to simplify your financial situations. One of the easiest and most legitimate ways of building your credits is to pay the debts to the lender within the stipulated timeframe. If there are any delays, the scenario would go off the place.

    You can also easily improve the credit history and make it impressive, if you become a regular and registered voter and participate in the elections.

    Apply for Quick and Easy Loans!

    Credit Lenders is your first choice for quick, streamlined and easy lending. Apply for a personal loan on a click, and approvals will be on that instant. Our policy to lending is crisp and clear – Quick loan disbursals without hassles and obligations.

    Secured Loan Representative Example:

    Based on borrowing £10,000 over 5 years

    Loan Amount: £10,000 Interest Rate: 7.49% Lender Fee: £525 Interest: £2126.00 Total Repayable: £12,651.00 Monthly Payment: £210.85 Representative APR: 12.7% variable

    Unsecured Loan Representative Example:

    Based on borrowing £5,000 over 5 years

    Loan Amount: £5,000 Interest Rate: 9.99% Lender Fee: £525 Interest: £1502.20 Total Repayable: £7027.20 Monthly Payment: £117.12 Representative APR: 21.2% variable

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    The actual APR will depend on the loan amount and the borrower’s credit circumstances. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. The collection practices of each lender vary. However you can expect to be contacted by phone, letter or email to arrange repayments. Non-payment or late payment could lead to you being charged a fee and an increase your interest rate. MAKE SURE you check with the company before agreeing on service level terms. This site is owned and operated by Credit Lenders Ltd. We do not provide any financial advice relating to mortgages or other credit or Insurance products. The product information is obtained from independent sources and rates may vary depending on your circumstances.


    Log Cabin Connection, Log Home Tips, Advice, Information and Resources, log book loan.#Log #book #loan


    Do You Dream About

    Living in a Log Cabin?

    Welcome to Log Cabin Connection! This is a collection of tips, advice and resources pertaining to cabins and log homes, gleaned from years of experience as a licensed contractor and log home builder in the mountains of western North Carolina.

    Log book loan

    Our aim is to provide a complete compendium of ideas and best practices for everyone intrigued by log home living. We will follow the process of achieving your dream of living in your own log home from start to finish.

    Log Cabin Connection is a one-stop resource for questions, guidance, advice and practical step-by-step instructions for your log home needs.

    Spend some time looking around or search the site using this search box:

    PLANNING THE PERFECT LOG HOME

    All great journeys begin with the first step, and this can be the most fun of all as you dream about the perfect cabin design and begin to make preparations by buying land for your cabin.

    Do you see this as your long-term home? Consider universal design ideas that would allow you to retire in your cabin.

    Learn about the different styles of logs used to build cabins and how you can save money right from the start with clever cabin design tips.

    Are you concerned how you can finance a log home? We’ll cover:

    We provide you with cabin floor plans as well as options and resources for online cabin plans. Or design your own cabin using log home design software that provides 3-dimensional views and virtual walk-throughs.

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    BUILDING LOG CABINS

    When you’re ready to begin building your log cabin, you can turn to this section where we cover all the best building practices and share the building tips we’ve learned building cabins. We discuss log home building tools and log home building schools. We cover everything from cabin roofing to SIPs to choosing the best cabin ceiling fans.

    If you’re interested in cabins, you’re probably already interested in green living.

    Some people will be interested in building with a log home kit so we share what to shop for, and discuss log home manufacturers, cabin kits and what you can expect to spend, the new trend towards smaller log homes, and the surprising value offered by modular log homes, including a prefab cabin construction timeline.

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    LOG HOME LIVING

    Every home requires on-going maintenance and log homes are no exception. To keep your log home in top shape we cover the issues unique to log homes:

    Should it get a bit run-down, we cover cabin repair and the more extensive log home restoration, along with ideas and checklists for cabin inspections to help you evaluate a cabin you’re buying or your own cabin.

    Our section on cabin rentals covers what to keep in mind when renting a cabin, some great areas of the country to visit while renting and some of the best honeymoon rentals available.

    If you’re curious about the tiny house movement, you want to live off the grid with limited funds or you just want to enjoy the land you bought on the lake without building a large log home, check out our Small Cabin page for more information on:

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    Home Loans Blog, Tips and Fun, homeowner loans.#Homeowner #loans


    49 Posts on the Art of Making Competitive Offers and Negotiating the Terms of Your Home Purchase

    Making competitive offers and negotiating the terms of your purchase should largely be the responsibility of your agent to guide and advise you. However, there is no substitute for consumer knowledge and negotiations on what is probably the most important purchase of your life is worth every bit you can get. Negotiate Terms Many books [. ]

    Curb Appeal: 53 Articles on How Dressing Up Your Home s Exterior Improves the Resale Value

    With the popularity of home makeover reality and improvement shows, there is a real interest in beautification and restoration of our homes interiors and exteriors. This is not only because we concern ourselves with keeping up appearances, but also because home improvements can positively reflect your home’s worth and resale value. Here is a list [. ]

    47 Posts to Help You Determine the Amount of House You Can Afford

    Knowing how much you can spend when shopping for a new home makes the process much easier and less stressful. There are many calculators, formulas and guides about figuring out how much home you can afford. Besides mortgage payments, there are closing costs, down payments, taxes and sometimes Home Owner Association fees. These must all [. ]

    49 Articles on Renovation and How to Determine How Much Fixin Up is Enough

    Many people spend a lot of money renovating their homes. If you buy the home new you may spend less money up front. When thinking of fixing your home up you may wonder how much to really do. You should consider the time you are going to be living there. If you are fixing it [. ]

    46 Posts on the Hidden Dangers of the Short Sale

    A short sale is a type of real estate sale where the property is being sold off prior to foreclosure. Short sales are held so that the homeowner can earn some money on the sale of the home rather than losing everything to the bank when the foreclosure process is started. There are inherent dangers [. ]

    Homeowner loans


    Ten Myths About Log Home Construction, log book loan.#Log #book #loan


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    1. Log homes are not energy efficient

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    Most building codes only recognize “R” factor which does not take into account the tightness of a well built log home. It does not take in the mass of wood which holds the heat far better than a flimsy stud home. Recently a client of ours finished his log home manufactured of dry, Western red cedar logs. At that time he needed to get an air-tightness test from the county. It came in as the second tightest home they have ever tested. most of them being stud homes.

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    In the late 90’s it got down to minus 27 degrees F in Pueblo, Co. We did not have any heat on in our 3,000 sq. ft. model home. The next morning I went in at 10 AM and there wasn’t a problem. The next morning it was minus 10 degrees and on Monday morning it was zero. The model was totally unheated for the whole weekend as we did not work over the weekend. The model had 9 tropical plants in it, including a fern in the window. I lost two African violets which are very sensitive to temperature. The fern in the bay window had no damage what-so-ever.

    Log book loan

    In short, there is still a reason why log homes are still being built in very cold climates such as Canada and Alaska!

  • Termites and other wood boring insects will be attracted to log homes and set about devouring them

  • Log homes are more expensive than a conventional home

    Log book loan

    Of course a custom log home with 8 or 10-inch logs will cost more for the logs than a pile of 2×4’s and vinyl siding. But the logs will go up faster saving labor. I have also noted over the years that people who build a log home don’t finish it off with cheap carpeting, sheet rock, and fixtures. As the exterior walls are the least expensive of any home, the amenities installed within (wood flooring and ceilings, a fireplace, a solid wood paneling on the walls) can boost the price of the home substantially.

    Log book loan

    One of our clients told me many years ago that after the house was closed in from the weather, they felt that they were nearly done with the large expenditures for the construction of the home. They started buying better materials and upgrading the cabinets, carpet, etc. It wasn’t long before they realized that they were going to be running short of money to complete the home.

    Log book loan

    In short, a log home is comparable to a standard home, if you compare the same apples-to-apples.

  • Log homes are a fire hazard

  • Insurance rates are higher for log homes

  • Banks will not make a loan on a log home

  • Log homes will rot easily

    Log book loan

    Whenever I get a call from someone with a rotting problem, it is due to the fact they have defied basic logic and common sense. Furthermore they spend 4 hours each weekend on their lawn but never seem to be concerned about the home itself. The proof in the pudding is seeing the log structures in Europe (and the United States) that are in great shape after hundreds of years.

  • Log Homes require more time to build than a conventional stud home

    Log book loan

    A frame home has many steps; stud walls, exterior plywood, exterior roofer’s felt, and siding. For the interior the home is insulated, a vapor barrier installed sheet rock with its taping, sanding, taping, sanding, and finally the paint. Whew!

  • Most contractors cannot build a log home

  • The log home is hard to maintain

    Log book loan

    The first step in the maintenance of the log home is proper design (The Complete Guide to Log Homes). The next step is periodic maintenance with a good stain purchased from a company that specializes in log home products and not something off the shelf of a local discount store.

    Log book loan

    The exterior of the home is the main area of maintenance that must be taken care of during the life of the home. The interior stained or varnished walls will never need to be redone to any normal failure. If little Johnny smears the walls with marker or crayon, then drastic steps must be taken to bring the walls back to their original condition. Always remember that conventional homes with an exterior of paint must be refurbished periodically as well. There is no free lunch and there is no such thing as minimal or extended maintenance.

    Clyde Cremer holds a Master degree in Forestry from the Yale University School of Forestry and Environmental Studies in New Haven, CT, and has over 35 years of experience in the forestry industry.


  • Small-Business Loans – 3 ways to get a loan, how to get a small business loan.#How #to #get #a #small #business #loan


    3 ways to get a small-business loan

    The recovering economic environment has meant that small businesses have had to be more creative when looking for loans.

    However, companies with sound business strategies still can borrow. Options include loans from traditional banks and institutions affiliated with the Small Business Administration, as well as financing from Internet-based lenders.

    “For creditworthy, high-scoring small businesses, there is money available,” says George Cloutier, CEO of American Management Services, a consultant to small businesses.

    Bank loans

    The best place to get a small-business loan is still a bank, says Cloutier. Banks typically offer the lowest interest rates and many have established reputations as trustworthy lenders.

    “Many small businesses try three or four banks and then stop looking,” Cloutier says. A more persistent approach has better odds of success.

    Calculate business loan payment

    Want to calculate your small-business loan payment? Go to Bankrate’s loan and amortization calculator.

    “Take out the phone book, target 10 banks and work through that list,” he says.

    That strategy worked for Michael McKean. He is founder of The Knowland Group, a company that helps hotels fill up their meeting space.

    A few years ago, as the success of The Knowland Group grew, McKean began searching for a bank that would give the growing company expanded access to credit.

    “We talked to every bank in our area, at least a dozen,” McKean says. “Many came back with proposals, but the terms were very onerous. Or sometimes they shifted terms.”

    Finally, M T Bank came through.

    “They just wanted to get our business,” McKean says.

    McKean says his company did not approach M T any differently than it had approached the other banks. It was just a matter of being persistent until the right deal came along, he says.

    “We did everything right, approaching the right person at each bank,” he says. “We’re a profitable business. I think it was just the … credit crunch that prevented us from getting a loan.”

    Cloutier says the key to success with banks is to show past profitability, and to describe a well thought-out plan for future profits.

    “If you aren’t making a profit now, you must be able to tell the bank how you will change that in the short term, or you really won’t be able to get a loan,” he says.

    He also recommends that businesses start small in their loan requests.

    “If you need money for four trucks, ask for two,” Cloutier says. “The bigger the loan request, the harder it is to get it approved.”

    SBA loans

    Another way to find a bank loan is through the Small Business Administration, or SBA. The SBA can direct you to banks that offer loans guaranteed by the agency. This way, you’ll have the advantage of approaching banks specifically interested in lending to small businesses.

    Interested businesses should contact the SBA office nearest to them, which can be found on the agency’s website. Jeanne Hulit, the SBA’s acting administrator, urges businesses to seek a bank that is an experienced SBA lender.

    Banks granting SBA loans place increased emphasis on business plans, cash flow and profit forecasts in deciding whether to lend, she says. The SBA also can refer businesses to free counseling centers to improve their performance.

    Online opportunities

    Another source for loans is the Internet. There are several sites where businesses can seek alternative lenders, such as individuals and small companies.

    Interest rates are generally a little higher than what a bank will charge, but it’s much less than what you’ll have to pay on many credit cards.

    Look around at different sites, some may charge a one-time fee to list your business, while others are free to list but might have fees reflected in loan rates.

    If you’re going to list your company on one of these sites, describe your business in clear and concise language.

    Lastly, make sure to investigate the company you are looking to post your business on. These kinds of companies were successful in 2008 and during the recession, but times have changed. Many have since gone out of business. Before paying for anything, make sure the company is legit.