In general, traditional financial institutions, such as banks and credit unions, have the most stringent approval procedures for small business loans. (valuepenguin.com)
Typically, these policies have much lower face values and easier approval procedures in comparison to standard life insurance policies. (insuranceopedia.com)
Online lenders also offer faster approval procedures, so even when seeking approval with no collateral the chances of success are greater. (badcreditloanservices.com)