Sentences with phrase «institution for a small business loan»

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Over the past three years, half of small business owners reported applying for a loan from banks or another financial institution, with 20 percent applying more than once for financing.

It's just that many banks are not able to properly scale their resources to include all deserving borrowers, even if small - business owners do meet the stringent standards set by lenders,» says James Walter, founder and CEO of BBC Easy, a provider of automated loan management software for financial institutions.

The SBA's various loan programs have provided needed funding for thousands of small enterprises who were unable to secure loans from lending institutions on their own; indeed, businesses can not solicit loans from the SBA unless they are unable to get funding independently.

This past February, for example, Heller Financial announced it would not write any new Small Business Administration - backed loans, although the institution previously had been one of the top providers in that market.

Many entrepreneurs turn to banks and other financial institutions to secure a loan for their small business.

Some financial institutions offer small business loans of up to $ 15,000 earmarked for people who would have difficulty getting a traditional business loan.

The multi-million dollar commitment benefits Community Development Financial Institutions (CDFIs), Main Street Launch (California), Carolina Small Business Development Fund (North Carolina, South Carolina and Florida), and PeopleFund (Texas), to provide loans for veterans looking to start or grow their own businesses.

For less than stellar credit scores, your options will not include traditional financial institutions, or a Small Business Administration loan, which requires a personal credit score of at least 680.

Another method of obtaining financing for a small business is using accounts receivable — i.e. customers» credit accounts — as collateral for a short - term loan from a bank, commercial finance company or other financial institution.