What are the keys to securing a good small business loan?
We vetted the top commercial options for raising capital and listed only the best companies based on the following criteria:
Interest Rates
The interest rate is a key factor in evaluating the cost of a small business loan, and lower rates are generally better.
Repayment Terms
The repayment terms should be flexible and affordable, with a repayment schedule that matches the cash flow of the business.
Loan Amount
The loan amount should be sufficient to meet the financing needs of the business, but not so high that it creates a burden on the business.
Speed of Funding
The speed of funding is important for businesses that need cash quickly to take advantage of growth opportunities or to cover unexpected expenses.
Fees & Penalties
Loan fees can add significantly to the overall cost of the loan, so it is important to understand all of the fees associated with the loan.
Lender Reputation
The reputation of the lender is important, and businesses should look for lenders with a track record of providing quality loans and excellent customer service.
What are some different types of funding for small businesses?
Small Business Loan
Apply for a loan from a bank, credit union, or online lender that specializes in small business financing.
Crowdfunding
Use online platforms like Kickstarter or GoFundMe to raise funds from a large number of people.
Friends & Family
Seek funding from people close to you who will invest in your business in exchange for equity ownership.
Venture Capital
Secure funding from a venture capital firm that invests in high-growth companies with a potential for significant returns.
Government Subsidies
Apply for grants from government organizations, non-profits, or private foundations that support small businesses.
Bootstrapping
Use personal savings, credit cards, or revenue generated from the business to fund operations and growth.
Featured Funding Companies
Jobber
Jobber’s field service scheduling software and app is the best way to organize your service business. Quote, schedule, invoice, and get paid—all in one place.
Starting Price : $9/mo
Field Edge
FieldEdge provides efficient ways to track customers, dispatches, service history, and more with our field service management software.
Starting Price : Upon Request
Editor’s Choice
Housecall Pro
Housecall Pro is the #1 all-in-one solution for home service businesses. Over 25,000 field service professionals are using Housecall Pro, join their success today.
Starting Price : $49/mo
Service Fusion
Run your service business from anywhere with enterprise-level features at a small business price. Create estimates, job orders, scheduling & dispatch, and more.
Starting Price : $126/mo
Free Listings
Simpro
Improve business efficiency and make smarter decisions with one software that has it all—job quoting, job scheduling, inventory tracking, invoicing, workflow management and more.
Starting Price : Upon Request
SalesForce Field Service
Boost productivity for your frontline workforce, lower operating costs, and transform your service experience with an end-to-end field service platform.
Starting Price : $25/mo
