Although a traditional small business loan from the bank is a good option for some borrowers and some circumstances, there are many situations when the typical weeks - long processes associated with their application criteria makes it simply too slow or burdensome given the business need. (ondeck.com)
Therefore, nowadays many novice entrepreneurs no longer rely only on their personal savings but also consider taking small business loans from banks, credit unions, private lenders and, of course, from online lending companies. (personalmoneyservice.com)
You might consider applying for a traditional small business loan from a bank, but again, you'll have to wait months for the funds, and the conditions and requirements can be very stringent. (credibly.com)