Get Funding: Explore Small Business Loan Options

April 22, 2025
Small Business Loan Options

Let’s be real—running a business, big or small, isn’t cheap. Whether you’re just starting out or ready to grow, access to capital (and a solid understanding of your business loan options) can make a huge difference. Wondering how to fund your business goals?

In this blog, we’ll cover:

  • Why a small business loan or line of credit might be right for you
  • What lenders typically look for
  • How to prep for the funding process
  • Where to get support every step of the way—starting with our Funding Center!
    Plus: Take our quick Funding Readiness Quiz to find out your next best step.

Why Consider a Loan or Line of Credit?

Think of it like this: funding gives your business room to breathe. A loan or line of credit can help you:

  • Purchase equipment or inventory
  • Hire or train staff
  • Expand your location or launch a new product
  • Cover seasonal dips in revenue
  • Improve your marketing efforts

Unlike bootstrapping or dipping into personal savings, a loan gives you the capital you need now — while helping you build business credit and financial credibility.

A line of credit is also a great option if you want flexibility. You can draw what you need when you need it, pay it down, and reuse it — perfect for managing cash flow!

What to Expect When You’re Exploring Loans

Before you start filling out applications, it helps to know what lenders are looking for. Here are a few general things to expect:

  • They’ll check your credit. Both personal and business credit scores matter. If you don’t have a business credit history yet, don’t worry—that’s common for newer entrepreneurs.
  • You’ll need documentation. Think: business plan, financial statements, tax returns, and legal documents. Having these ready shows lenders you’re prepared and serious. (Check out our loan readiness checklist for a list of information to collect)
  • Time in business matters. While some lenders work with startups, many prefer businesses that have been operating for at least 6-12 months.
  • You have options. From SBA loans and microloans to community lenders and traditional banks — there’s no one-size-fits-all. The key is finding the right fit for your business.

Let’s Talk Money (Without the Stress)

We know navigating small business loan options can feel overwhelming, especially if this is your first time seeking funding. But you don’t have to go it alone.

That’s where our Funding Center comes in.

Inside the Funding Center, you’ll find everything you need to feel confident and prepared to secure the funding you need:

Funding Readiness Quiz, Business Loan Options

Not sure if a small business loan is the right move or what your next step should be?

Take our Funding Readiness Quiz!

It’s just a few quick questions and takes less than a minute. You’ll get a clear picture of where you stand and what to do next to move your business forward.

Ready to explore your options? Let’s make sure funding fuels your goals—not holds you back.

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