What kind of business loan should you get?

The best small-business loan to get is generally the one with the lowest rates and most ideal terms. But other factors — like time to fund, the loan's purpose and your business’s qualifications — play a role in determining the right type of financing and lender for your business. Learn more about the types of business loans.

Do you need to open a business bank account?

It’s wise to keep your business finances separate from your personal affairs by opening a business checking account. Doing so will streamline your bookkeeping and, if you're self-employed, make it easier to calculate estimated taxes. Learn more about what you need to open a business banking account.

Should you use a business credit card to fund a startup?

Business credit cards can be a great option for short-term startup funding because they rely on your personal credit (instead of your business history) to qualify. But be aware of a high APRs and short repayment periods — or opt for a 0% APR card — if you won't be able to pay off a purchase quickly. Learn more about the best business credit cards for startups.

Does your business need insurance?

You should have business insurance if you have a business entity and licenses, or if you live on your business income. Being uninsured can put your business assets at risk if you're sued, as well as your personal assets depending on your business structure. You'd also have to pay any claims or damages out of pocket for things like accidents or business interruptions. Learn more about how to determine if you need business insurance.

What business structure should you use?

Your business structure has implications for how the IRS taxes your business profits, as well as how your personal property is protected when others demand money from your business. The right choice for your business will depend on factors like your risk tolerance, management structure and long-term goals. Learn more about how to choose a business structure.

Should you hire an accountant or bookkeeper?

All small-business owners should consider hiring an accountant for their tax returns, at the least. Depending on the size of your business, you may also want a bookkeeper who can help with daily responsibilities, like recording transactions. Good accounting software can make it easy for you to manage those simpler tasks on your own as well. Learn more about the best accounting software for small businesses.

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OnDeck Business Loans 2025 Review

5.0

NerdWallet rating

Fast funding.
Flexible qualification requirements.
Can be used to build business credit.

Bluevine Line of Credit: 2025 Review

5.0

NerdWallet rating

Cash can be available within 12 to 24 hours.
Multiple term lengths for different financing needs.
Low minimum credit score requirement.

American Express® Business Line of Credit: 2025 Review

5.0

NerdWallet rating

American Express offers working capital to business owners with fair credit, but the monthly fee structure can be confusing compared with other online lenders.

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