Business Loans

Eight of the best sites for business loans. Know of another site that should be listed here? Leave your suggestion at the bottom of this page. (Related searches: Loan, Bad Credit Loan, Small Business Consulting)

1. U.S. Small Business Administration Financial Assistance - The U.S. Small Business Administration is a government agency that backs loans to small businesses with the thought that small business is an important part of the overall economy. The SBA offers a number of loan and grant programs through its partner lending institutions across the country — in other words, your business may seek an SBA loan, but you would actually apply and get that loan through a local bank, credit union, etc. This link takes you to the menu of SBA financial assistance programs for which your business might qualify. (www.sba.gov)

2. Wachovia Small Business Loans - Offers SBA loans nationwide and terms loans for equipment, vehicles, working capital, etc. You can apply online for an SBA loan of $250,000 or more, or a business term loan of $25,000 or more. If your loan needs are less than those amounts, Wachovia offers a phone number for you to seek further help. (www.wachovia.com)

3. BuyerZone Business Loans - Offers extensive information on types of business loans, what lenders look at in approving or rejecting your loan request, how to choose a lender, preparing a loan application and more. Also offers you the ability to get a free quote on a business loan — fill out a short online application and get free quotes from their network of lenders. (www.buyerzone.com)

4. Merchant Resources International - Provides cash advances from $4,000 to $500,000 to merchant businesses that accept credit cards, giving you an advance on future credit card transactions based on your company’s past volume. Requires your business to switch to their credit card processing service. Good or bad credit welcome, as the advance is based on past credit card receipts. (www.cashprior.com)

5. EZ Unsecured - Business loan broker helps you secure a business loan or line of credit for your existing business in need of working capital or for your new business looking for start up funds. Works mainly with good credit customers, and offers unsecured, no collateral loans. (www.ezunsecured.com)

6. Greylock Federal Credit Union - One of the largest SBA (Small Business Administration) lenders in Massachusetts offers term loans for equipment and vehicles, lines of credit for working capital, commercial mortgage loans and more. (www.greylock.org)

7. What It Says Is Not What It Means - January 18, 2008 blog post says the Small Business Administration pats itself on the back for a large percentage of its loans going to startup businesses, minority-owned businesses and women-owned businesses, but that the overall amount the SBA loans out is extremely small in comparison to the overall market for small business loans, meaning many business owners seeking funds are not getting help from the SBA. (www.microenterprisejournal.com)

8. Sky Business Solutions - Business loan broker offers unsecured business loans through its network of lenders. Fill out an application for a business loan of between $40,000 and $300,000, and this company promises to find you the best loan for your situation. Works mainly with good credit customers. (www.businessunsecuredloans.com)