Sentences with phrase «traditional small business loan»

Nevertheless, there are some loan purposes where the longer - terms of these more traditional small business loans might not be the best fit.

Nevertheless, there are some loan purposes where the longer - terms of these more traditional small business loans might not be the best fit.

Also, traditional small business loans generally require a mound of paperwork and months upon months to secure.

This list will vary depending upon individual lenders, but it's fairly representative of businesses that may have a difficult time qualifying for a traditional small business loan.

For many entrepreneurs seeking financing, a traditional small business loan is often the first method they seek.

The collateral requirement can make it difficult for even a healthy business that doesn't have adequate collateral to apply for a traditional small business loan.

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.

As a result, even if you have less - than - perfect credit or don't have specific collateral of sufficient collateral value to secure a traditional small business loan, there are loan options available (provided you can demonstrate other healthy business fundamentals).

Small business owners should be aware, however, that one of the major disadvantages to obtaining a merchant cash advance is that they are usually pricier than a traditional small business loan.

When compared to a traditional small business loan or line of credit, it's sometimes easier for a business owner to qualify for a business credit card

Unlike a traditional small business loan, interest is paid only on the amount of credit used, as long as you make the minimum monthly payment.

Access to a business owner's merchant account eliminates the collateral required for a traditional small business loan.

Unlike a traditional small business loan, obtaining funds from Business Financial Services is fast, simple and hassle - free.

While the advantage of a traditional small business loan is that you may be able to get the money you need, many new business owners find that it's difficult to be approved.

Small business owners should be aware, however, that one of the major disadvantages to obtaining a merchant cash advance is that they are usually pricier than a traditional small business loan.

Big purchases that will take time to pay off may be better for a different type of finance, such as a traditional small business loan.

The collateral requirement can make it difficult for even a healthy business that doesn't have adequate collateral to apply for a traditional small business loan.

This list will vary depending upon individual lenders, but it's fairly representative of businesses that may have a difficult time qualifying for a traditional small business loan.

It has advantages in speed, simplicity, and flexibility that traditional small business loans can not match.

When compared to a traditional small business loan or line of credit, it's sometimes easier for a business owner to qualify for a business credit card

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.

When time is of the essence, it might not be prudent to go through the sometimes time - consuming process of applying for a traditional small business loan.

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.

As a result, even if you have less - than - perfect credit or don't have specific collateral of sufficient collateral value to secure a traditional small business loan, there are loan options available (provided you can demonstrate other healthy business fundamentals).

Maybe your primary need is to build a business credit history so you can qualify for a traditional small business loan in the future.