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- To get a business loan, you need to12:
- Decide what type of loan you need to fund your business, such as a term loan, a line of credit, or an invoice financing loan.
- Determine if you qualify to get a business loan based on your credit score, revenue, and time in business.
- Compare small-business lenders that offer the type of loan you need and have the best rates and terms.
- Gather your application materials, such as your business plan, financial statements, tax returns, and bank statements.
- Apply for a business loan online or in person with the lender of your choice.
- Review your loan agreement and make sure you understand the repayment terms and fees.
- Get funds deposited into your business account or receive a check.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.How to Apply for and Get a Business Loan in 6 Steps
- 1. Decide what type of loan you need to fund your business The right type of business loan for you depends on what you’re hoping to accomplish. In general: ...
www.nerdwallet.com/article/small-business/how-to …How to Get a Small Business Loan in 7 Simple Steps
- 1. Establish your reason for the loan ...
- 2. Learn how lenders assess you ...
- 3. Determine which type of loan you need ...
- 4. Decide on a lender ...
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