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What are the different types of bank financing for small businesses?

Types of bank financing for small businesses include term loans, business lines of credit, equipment loans, commercial real estate loans and business credit cards. Bank business loans typically have low interest rates and competitive terms, but can be hard to qualify for.

What are the best debt-based small business financing options?

If you can’t qualify for a bank loan, SBA loans will be the next best debt-based small business financing option. Partially guaranteed by the SBA and issued by SBA lending partners (like banks), these loans offer low interest rates, long repayment terms, and large loan amounts.

How do you finance a small business?

Until about 10 or 15 years ago, approaching a bank was probably the most common way to go about financing a business. Both national and local banks offer credit to small business owners, typically in the form of term loans or lines of credit.

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