Testing something out

[Blue Hen]

What are the different ways a business can get a loan?

[Melanie O]

1. Bank loans: Businesses can get loans from banks in the form of short or long-term loans.

2. Small business administration loans: Businesses can apply for loans through the Small Business Administration, a government agency that offers various loan programs.

3. Merchant cash advances: Businesses may be able to take advantage of merchant cash advances, which are essentially short-term loans in exchange for a future portion of credit or debit card sales.

4. Business credit cards: Businesses can use business credit cards to pay for expenses and can use them as a source of financing.

5. Crowdfunding: Businesses can use crowdfunding platforms such as Kickstarter and IndieGoGo to raise funds.

6. Angel investors: Businesses can seek angel investors, who are individuals that provide capital for small businesses in exchange for equity or ownership stake.

7. Venture capital financing: Businesses can seek venture capital financing, which is a form of investment provided by venture capital firms.

8. Equipment financing: Businesses can look into equipment financing, which involves payment plans or loans used to purchase equipment necessary for the business.

[Denis Okalani]

Businesses can get loans from banks, the Small Business Administration (SBA), online lenders, crowdfunding, angel investors and venture capitalists, and friends and family. Each option has its own benefits and drawbacks, so it's important to choose the one that fits the business's needs and financial situation.

[Blue Hen]