12 Popular Types Of Loans & Funding Options For Small Businesses
Need to know how to fund your small business? Here are the top funding categories to choose from. Find out which is right for you.
Business owners can choose from many types of business loans, from traditional installment loans and lines of credit to microloans and crowdfunding.
Just as every business is unique, so are the needs for capital. Learn about the most common types of business loans available and find out which type is the best option for your small business.
Table of Contents
- The 12 Types Of Business Loans
- Business Term Loans
- When To Use A Business Term Loan
- Business Lines Of Credit
- When To Use A Business Line Of Credit
- Small Business Administration Loans
- When To Use SBA Loans
- Short-Term Business Loans
- When To Use Short-Term Loans
- Equipment Loans
- When To Use Equipment Loans
- Invoice Financing
- When To Use Invoice Financing
- Merchant Cash Advances
- When To Use Merchant Cash Advances
- Personal Loans For Business
- When To Use Personal Loans For Business
- When To Use Microloans
- When To Use Crowdfunding
- Commercial Real Estate Loans
- When To Use Commercial Real Estate Loans
- Business Credit Cards
- When To Use A Business Credit Card
- The Bottom Line On The Types Of Business Loans
- Types Of Business Loans FAQs
The 12 Types Of Business Loans
Running a small business can be expensive, and seasonal increases, unforeseen emergencies, unpaid invoices, or the need for expansion can all lead a business owner to pursue financing options.
While there are many affordable loans available, it’s important to fully evaluate all lending options, the total cost of the loan, and the return on investment from taking a commercial loan. Start your research with an understanding of the 12 types of business loans.
The Bottom Line On The Types Of Business Loans
There are plenty of small business loans available for any purpose, whether you need to purchase commercial real estate or fund an unexpected expense.
While there is plenty of funding available, make sure to take the time to find the right product. Do your research, compare rates, and make sure that taking on additional debt is a sound choice for your business.