You may also consider contacting a business loan specialist or a direct business lender that offers many options.
"Business loan options are abundant, and it can be very easy to obtain business financing," says Grayson.
Lenders generally look at your time in business, credit scores (both business and personal), cash flow, collateral, and the industry the business is in.
Grayson emphasizes three key factors that lenders prioritize before making lending decisions: Ability to repay the loan, the need for the money and how it will assist with a critical business need or growth, and the business and business owner's overall creditworthiness.
Grayson emphasizes that research is the most important tool to be successful with a small business loan.
Persons:
you've, —, Matt Brewster, Gina Taylor Cotter, You'll, Noah Grayson, Grayson, Brewster, Cotter
Organizations:
Service, Business Administration, Estate Bees, Nonprofit, Revenue