Business Loan: Small Business & New Business Loans

With one quick request you can unlock multiple potential offers from Loanz’s partner lenders.

Your One-Stop Shop for Business Loans!

Running a business can be tough, and sometimes you need a little extra help to get things off the ground. Whether you’re a small business owner looking to expand your operations or a startup in need of funding, we’ve got you covered. Loanz makes it easy to secure the financial backing your business needs with a large network of partner lenders. Submit your information and explore your loan offers — when you find one you like, we’ll help you finalize the details.

BUSINESS LOAN CALCULATOR

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Enter your desired loan amount and a few other details into our calculator. It quickly provides you with an indicative loan scenario based on the information you provide. This tool is designed to help you understand potential loan structures that could suit your financial situation.

Whether it’s a small business or expanding your business, we’ve got you covered.

Find funding to grow your business with Loanz’s network of partner lenders, with loans up to $50,000 to cover an expansion, equipment purchases, startup capital, and more! Fill out our simple form and connect with a lender that works for you!

On Your Terms

Once you’ve chosen one of our partner lenders, you select the payout option that works best for you. Funds can be disbursed as quickly as one business day depending on the lender.

Save Time

If you need money fast, save time and effort by using our convenient online form. Loans has a large partner network to connect you to a lender that works for you.

Secure

Our encrypted form protects your information and connects you with trusted lenders.

Online Platform

Our online process makes it easy to get a quote anytime, anywhere. Fill out our convenient form from your phone or a computer to explore your loan options!

Hassle free

Exploring your loan options has never been easier. With one simple form, you can unlock multiple potential offers.

Transparent

We keep the qualification process simple to understand and strive to make lenders’ terms as transparent as possible as we guide you through the loan request and approval process.

It’s As Easy As 1-2-3

One Application, Multiple Potential Offers

Our streamlined application process is designed to save you time, allowing you to submit your information just once instead of applying separately to each lender. You have the possibility of potentially connecting with various lenders from our network depending on the individual lender’s criteria and your eligibility.

Explore Loan Options

Loanz will assist to explore potential loan offers by searching through our network of partner lenders. We are here to support you in the loan exploration process and, if you find a suitable offer, assist with the next steps as needed.

Proceed to Funding

After you have finalized the details of your loan with your selected lender, they will be responsible for depositing the funds into your bank account. Payouts could be offered as quickly as one business day, subject to individual lender policies and procedures.

How Do Business Loans Work?

A business loan is simply financing made available to a business as a lump-sum payment, or sometimes as a line of credit. The money is paid back over time with interest or fees. But within the world of business loans lies plenty of nuance — and many options for businesses.

Types of Business Loans

  • Term Loans: Also called installment loans, term loans are the traditional loans that you’re probably familiar with. However, businesses often have the option to choose short- and long-term loans. In addition, there’s a difference between a business loan and a personal loan for business use, both of which are technically term loans.
  • Commercial Real Estate Loans: Commercial real estate loans are targeted at commercial property — if you’re buying your own location instead of leasing it, you’ll have a commercial real estate loan.
  • Equipment Loans: If you’re buying large and specialized equipment, you can finance it with an equipment loan. Oftentimes manufacturers will offer very competitive in-house financing deals to encourage a sale, but they needn’t be your only option for funding.
  • Lines of Credit: Lines of credit are a form of revolving credit available to businesses. They can be used to help bridge income gaps during cash crunches and slow periods, among other purposes.
  • Merchant Cash Advances: A merchant cash advance is a form of financing where in exchange for a lump-sum payment now, a merchant sells a portion of their future revenue plus fees. Merchant cash advances are typically paid back via credit card processing fees and can be one the most costly and confusing types of financing available to businesses.
  • Microloans: Microloans are simply small loans as opposed to large sums. Microlending platforms exist, but some online lenders, including those in Loanz’s partner network, will loan amounts as small as $100.
  • SBA Loans: SBA loans are loans specially designed for small businesses and backed/supported by the Small Business Administration. The SBA doesn’t issue the loans, but works through a partner network of lenders. SBA loans take time to qualify and so aren’t great for solving an immediate crisis, but do offer some of the most competitive terms available.

Do You Need Collateral To Get A Small Business Loan?

Business loans can be secured or unsecured. A secured loan is backed by some item of value (called collateral) that the bank can collect or repossess if you are unable to repay your loan. Collateral can be anything from equipment and machinery to property.

Should you get a secured or unsecured loan? There’s no easy answer. In many cases, a secured loan qualifies you for lower interest rates, which can ultimately lower your monthly payments. However, you are putting an essential piece of your business on the line as a promise that you can pay your debts. Whether a lender will require collateral depends on several factors, including the type of loan you are seeking, your time in business and financial standing, and your business’ credit score.

What Documents Do You Need For A Business Loan?

The information you need to provide for a business loan varies from lender to lender. It also depends partly on which type of loan you’re seeking — for example, SBA loans have special forms that need to be filled out and supplied with your application. A personal loan for business use will require less paperwork and can get approved faster than a traditional business loan. Online lenders tend to require a bit less paperwork than traditional banks for a business loan, as well.

However, it won’t hurt to have these all of these pieces of information and documents handy:

  • Business and/or personal bank statements
  • Schedule of debts for your business
  • Income statements and projections
  • Articles of Incorporation
  • Commercial Lease agreements
  • Contracts with any vendors or third parties
  • A business plan and resume highlighting your business expertise

Exploring Your Business Loan Options Has Never Been Easier!

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