Building a small business doesn’t have to be such hard work – just give yourself a financial cushion. Getting access to the capital you need enables you to hire staff, lease office space, increase inventory, buy equipment, or simply cover monthly expenses while you’re growing.
There are several financing options you can choose from: short term loans, SBA loans, equipment financing, lines of credit, business credit cards, and more. Whichever kind of startup loan you choose, you’ll have a little more cash and a little less headache. And most startup loans are flexible enough to be used for just about any small business need.
The U.S. Small Business Administration helps small business owners get funding through SBA loans. With their multiple SBA funding programs, this government agency provides SBA loan guarantees of up to 85% of the loan amount provided through an SBA-approved lender. The three main SBA loan programs let you borrow money for nearly any business purpose—including working capital, purchasing inventory or equipment, refinancing other debts, or buying real estate—through these SBA-guaranteed loans.