
SBA Loans vs. Conventional Bank Loans: How to Choose
Conventional bank loans typically offer the lowest interest rates, while business owners may find it easier to qualify for SBA loans.


Conventional bank loans typically offer the lowest interest rates, while business owners may find it easier to qualify for SBA loans.


Preparing your financial documents and business plan ahead of time can help the SBA loan process move more quickly.


A business plan can help you obtain financing by highlighting the characteristics lenders use to assess borrowers.


A commercial loan provides the capital you need to run and grow your business.


PO financing can be a good option for businesses with a cash flow shortage that still want to be able to complete an influx of orders.


Extra expense coverage helps pay for the increased costs of running your business while you fix property damage.


Contractor insurance can protect your business in case of lawsuits and other claims. It’s usually a package of policies.


A state-by-state summary of which businesses need workers’ compensation insurance for which employees.


Business personal property insurance covers items your business owns. It's part of a property insurance policy or BOP.


Most small businesses don’t need a broker for a business loan, but one may help with first-time or specialized financing. Watch out for broker fees and predatory practices.


An additional insured endorsement expands your coverage to someone else who might be held liable for your work.


CoverWallet lets businesses compare commercial insurance quotes from several providers, then buy policies.


The cost of malpractice insurance depends on your specialty, state, coverage type and insurer claim limits.


SBA 7(a) and 504 loans can be used for real estate projects, while 7(a) loan funds can also be used for other purposes.


Fundbox is good for startups and business owners with bad credit, while the American Express® Business Line of Credit is better for more payment flexibility.


The average small-business loan amount can vary based on the lender, loan type and your business's qualifications.


These loans can help you bridge gaps between financing solutions but may have high interest rates.


SBA guarantee fees help cover the SBA's costs when a borrower defaults on a loan. Fees vary based on loan amount and repayment term.


Invoice financing allows you to borrow against your outstanding invoices. With factoring, you're selling your invoices to a factoring company at a discount.


Because traditional business loans can be hard to get, nonprofit organizations should explore all funding options available to them.
