## How Long Are Small Business Loans? The term length of a small business loan is the amount of time you have to repay the loan. The most common terms for small business loans are 5 years, 7 years, and 10 years. However, there are some lenders who offer loans with terms as short as … Read more
## How to Ask for a Loan in a Business Plan When writing a business plan, one of the most important sections is the financial plan. This section will outline your company’s financial goals and how you plan to achieve them. If you are seeking a loan, you will need to include a loan request … Read more
## Accounting for Vehicle Loans in Small Businesses ### Introduction A vehicle loan is a type of financing that businesses use to purchase or lease vehicles for business purposes. These loans can be a valuable asset for businesses, allowing them to acquire necessary equipment without tying up large amounts of cash. However, it’s important for … Read more
## Types of Equipment Businesses Can Get a Loan For Equipment loans are a type of financing that businesses can use to purchase essential equipment for their operations. These loans can be used to purchase a wide variety of equipment, including: * **Machinery and tools:** This category includes heavy machinery, construction equipment, manufacturing equipment, and … Read more
## New Loan Options for Small Businesses Small businesses are the backbone of the U.S. economy, accounting for over 99% of all businesses and employing nearly half of the workforce. Access to capital is critical for small businesses to start, grow, and create jobs. However, traditional lending options can be difficult for small businesses to … Read more
## Who Qualifies for Small Business Loan Coronavirus? The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, established the Paycheck Protection Program (PPP) to provide loans to small businesses to help them keep their employees on the payroll during the COVID-19 pandemic. The PPP is a $349 billion … Read more
## Business Loan Terms: Understanding Loan Duration and Repayment Options ### Introduction Obtaining a business loan is a significant financial decision that requires careful consideration and planning. Among the key factors to consider is the loan term, which determines the duration over which you will have to repay the borrowed funds. The loan term can … Read more
## How to Apply for a Small Business Loan in Canada Amidst COVID-19 The COVID-19 pandemic has had a profound impact on small businesses across Canada. To help businesses weather the storm, the Canadian government has introduced a number of financial assistance programs, including small business loans. If you’re a small business owner who is … Read more
## Can You Get a Business Loan for an LLC? Yes, you can get a business loan for an LLC. In fact, LLCs are one of the most common business structures to receive business loans. A limited liability company (LLC) is a type of business that provides limited liability to its owners, meaning that they … Read more
## Where to Look for a Same-Day Business Loan **Overview** In today’s fast-paced business environment, access to quick funding can be crucial for seizing opportunities or overcoming unexpected challenges. Same-day business loans offer a solution for businesses that need financing immediately. This guide provides a comprehensive overview of where to find same-day business loans, including … Read more