Small Business Loans
From Smallbusinesslibrary
Small business financing is vital to a new business because cash is the fuel that runs the business. Small business loans are particularly
risky for banks and so they require you be able to present concrete support for how you will be able to repay the loan.
Small Business Loan Pages
Small Business Loan Tips
Small Business Administration Loans
Small Business Loan Resources
How to Finance Your Business (My Own Business)
Comprehensive section of free small business course that offers different methods to acquire funds and ways to improve your chances of getting funds.
Tips for Finding Money Now (Inc)
20 ways to finance your business.
Apply For Small Business Loan
How to Get a Small Business Loan (About.com)
Things to do to get approved for a small business loan.
Bank Loans for Small Business (AllBusiness)
Discusses the important factors banks use to consider your loan request such as credit history, personal financial investment, collateral, and how your business will make money.
Things You Need to Apply for a Small Business Loan (SBA.gov)
Explanation of the items you need to prepare to apply for a small business loan.
Top 10 Mistakes Made When Applying for a Business Loan (AllBusiness)
Article on mistakes to avoid when preparing to apply for a loan.
Documents to Gather Before Applying for a Business Loan (AllBusiness)
Check Your Credit Score
Free Credit Report Request
Under the Fair and Accurate Credit Transactions Act, the three major credit reporting agencies are required to provide consumers with a free copy of their own credit report every 12 months.
Microloans
Microloans (Entrepreneur)
A good overview of microloans.
Micro Loans: A Way to Finance Your Business (PowerHomeBiz)
Explains microloans and how they are similar and different than traditional loans.
The Personal Guarantee
Should You Personally Guarantee a Loan to Your Small Business? (Allbusiness)
Discusses whether you should sign a personal guarantee to secure a business loan. Describes possible consequences should your business fail.
The Personal Guarantee (Inc.)
This article describes when and why you should use the personal guarantee to get approval for a loan and when you should avoid it.
With personal guarantee loans, you bet it all (Bankrate)
Why you should avoid signing a personal guarantee.
Personal Guarantees (Business Owner's Toolkit)
Advice on how to avoid signing a personal guarantee.
Using Credit Cards
Using Credit Cards to Finance Your Start Up (Entrepreneur.com)
Tips on how to use credit cards to provide temporary relief to a lack of cash flow.
6 Steps to Effective Small Business Credit Card Management (About)
Article discusses advantages and disadvantages of using credit cards for small business financing and tips on managing your small business credit cards.
Peer to Peer Lending
Article on Peer to Peer Lending (NuWire Investor)
Information on peer to peer lending sites like Prosper.com
Prosper.com
A peer to peer lending site in which multiple investors can fund a small business loan.
Peer to Peer Lending Hits its Stride (USA Today)
An article that explains peer to peer lending and discusses its growth.
Home Equity Loan
When Your Home is on the Line (Federal Reserve)
Explains the home equity line of credit, what characteristics you should look for in a HELOC, and costs of the HELOC.
Self Directed IRA
Buying a Franchise with Retirement Funds (NuWire Investor)
Article that explains how you can withdrawal funds in your 401(k) or IRA to fund your business without having to pay a penalty.
Borrowing From Friends and Family
Borrowing From Friends and Family (Entrepreneur)
An article about the pros and cons of borrowing from friends and family to fund your business, how to pitch the idea, and what not to do.
Small Business Loan Books
Financing Your Small Business: By James Burk
