Chase offers a variety of small-business loan products, including term loans, lines of credit and SBA loans. Borrowers need good credit, at least two years in business and strong financials to qualify.
Use this guide to compare business loans vs. personal loans and choose the right option for your needs.
With recourse factoring, you're responsible for the debt if your customers don’t pay. With non-recourse factoring, the factoring company accepts the loss for nonpayment.
Possibly. But you’ll likely need to rely on your business credit score or explore alternative financing options.
A payroll loan can save the day when you’re short on cash to pay your employees, but they may be expensive.
Yes, but your options will be limited. Take steps to resolve the lien to improve your odds of getting a business loan.
SBA guidelines require a personal guarantee in almost all instances. The rule doesn't vary by lender.
Getting a business loan from a credit union can be cheaper than getting one from a bank. But you’ll have become a member before you apply.
Consumers aren't the only ones with rising prices. Small businesses are battling inflation and supply chain delays.
Personal guarantees on business loans are common. By signing one, you agree to repay the loan with your own money if your business can’t.
