Business Loans

Small Business Loans

In the U.S. small businesses are essential to the fabric of our economy. In a single year small businesses can provide over a million jobs. In fact, they helped the country’s economy grow 3.4% in 2017. Yet, the process of creating, owning, and maintaining a small business can be challenging. The high costs of equipment, employee salaries, inventory, rent, and other expenses can be difficult to meet for a new business.

Since a small business is independent of other corporations and firms, many businesses owners require capital to succeed and grow. This is where small business loans are beneficial. Small business loans provide the opportunity for business owners to get the cash flow they need to run their businesses more efficiently and successfully with less risk to their personal finances.

With over 30.2 million small businesses in the country according to data by the Small Business Administration (SBA), the average small business begins with $50,000 in capital. As businesses grow or experience challenges in the markets, they require lending for support. Large corporations have multiple ways to finance their expenses, but for small businesses, a small business loan can help owners safeguard their personal assets.

There are several types of small business loans available. Some small business loans are for specific types of businesses such as startups, retail shops, or business owners with bad credit. Other loans are industry-specific, which means they’re related to the type of business you own. For more information about small business loans, check out the financing options below.

All You Need to Know About Equipment Loans

October 14, 2020 by WC Team
Equipment Loans and Equipment Financing can help your small business grow....

Read More
How to Get Truck Business Loans with Bad Credit

October 13, 2020 by WC Team
If you own and operate a trucking carrier and feel limited by your poor personal credit, follow these steps to get a great loan despite poor or limited credit....

Read More
Business Equipment Loan-101 Guide

October 13, 2020 by WC Team
Is your small business looking for an equipment loan from a vendor? Follow our equipment leasing guide to secure the best rate and terms....

Read More
How To Finance Commercial Trucks As A First-Time Buyer?

October 12, 2020 by WC Team
If your business is looking for its first commercial truck or trailer, follow our step-by-step guide and buy the right vehicle and also secure the best financing....

Read More
Everything You Need To Know About Financing For Commercial Trucks

October 12, 2020 by WC Team
If your small business is looking to finance or lease its next commercial vehicle, we’ve comprised a checklist to help you secure the best rates and terms....

Read More
Everything You Need To Know About Commercial Title Truck Loans

October 11, 2020 by WC Team
Here's a comprehensive guide for trucking operators who are looking to add trucks or trailers to their titled equipment fleet. Find the best lender and rate today!...

Read More
Equipment Financing: All You Need To Know

October 11, 2020 by WC Team
If your business is looking to finance equipment, we’ve compiled the best practices to follow so you have the best chance to secure the low-rate financing....

Read More
Commercial Truck Loan for Bad Credit

October 10, 2020 by WC Team
If you or your small business has poor credit, follow these tips and you’ll secure the best rate and terms, regardless of your poor credit history....

Read More
Commercial Truck Financing - What does it Entail?

October 8, 2020 by WC Team
If your business is looking to add a commercial truck or trailer to its fleet, follow this step-by-step guide to secure the best rate and terms...

Read More
Commercial Truck Financing No Credit Check

October 7, 2020 by WC Team
If your business is looking for the best rates and terms for a commercial truck loan or lease, follow our guide and apply with many lenders with no credit check....

Read More
Commercial Truck Financing New York

October 7, 2020 by WC Team
If you’re a New York truck driver looking to add a commercial vehicle, truck or trailer, we’ve put together a guide to the best lenders and programs....

Read More
Commercial Truck Financing Near Me

October 6, 2020 by WC Team
Looking for the best rates and terms on commercial truck lease or loan? Sometimes the best banks and lease companies to partner with are in your area....

Read More
Commercial Truck Financing Companies

October 3, 2020 by WC Team
In search for the best commercial equipment lease? Read our review and find the best transportation finance companies offering the best rates and programs....

Read More
Commercial Truck Financing Banks

October 2, 2020 by WC Team
If you're a small business looking to finance a commercial truck or trailer, use our guide to find the perfect bank or leasing company to match your credit....

Read More
Commercial Truck Financing Bad Credit

October 1, 2020 by WC Team
Finance your commercial truck and stop worrying that your poor personal and business credit may disqualify you. SAecure the best financing despite poor credit....

Read More
Commercial Truck Financing 0 Down

October 1, 2020 by WC Team
Looking for the best rate on a commercial truck loan or lease? Follow our guide and secure the best rate with no money down....

Read More
Non-Conventional Options For Commercial Truck Financing with Bad Credit

September 30, 2020 by WC Team
Think you’re out of luck because you or your trucking business has bad credit? Follow these steps to unlock low-rate financing on your truck or trailer....

Read More
Types of Trucking Companies Loans

September 29, 2020 by WC Team
On the hunt for a low-rate and flexible term small business commercial trucking loan? Use our guide to find the best equipment lender and unlock the best terms....

Read More
Commercial Truck Financing Bad Credit USA

September 28, 2020 by WC Team
Looking to add a commercial truck to your fleet, but you’re worried about your poor credit? We’ve compiled options for you so you can shop with confidence....

Read More
Commercial Truck and Trailer Financing

September 28, 2020 by WC Team
If your trucking company is looking for a commercial truck, but you need financing too, follow our steps below and you’ll uncover the best rates and terms....

Read More
Commercial Truck Financing Deals

September 27, 2020 by WC Team
Looking to add a commercial truck to your fleet, we’ve compiled a list of the top transportation financing companies for 2020. Find a great equipment lease today!...

Read More
Commercial Truck Financing Bad Credit, No Money Down

September 27, 2020 by WC Team
If you’re cash strapped, but also plagued by poor credit, worry not! We’ve uncovered a step-by-step plan to get you a commercial truck loan fast and easy!...

Read More
Commercial Truck Loan APR

September 26, 2020 by WC Team
Looking for a commercial truck or trailer for your fleet? Secure the best annual percentage rate (APR) and terms using these best-rated commercial lenders for 2020....

Read More
A Comprehensive Guide to California Commercial Vehicle Finance

September 26, 2020 by WC Team
If you’re looking for a small business comprehensive resource on how to find, buy and finance a commercial vehicle, you’ve found it! Uncover prices, rates and deals!...

Read More
Commercial Truck Financing California

September 25, 2020 by WC Team
In search of the right commercial truck or trailer in California, we’ve narrowed down your search to the top dealers and financing programs to go alongside....

Read More
All You Need to Know About Trucking Business Loans

September 25, 2020 by WC Team
On the hunt for a new commercial vehicle like a truck or trailer? We’ve compiled a guide to help you uncover great rates and terms to compliment your purchase....

Read More
Commercial Truck Financing for Bad Credit

September 24, 2020 by WC Team
If you have bad personal or business credit, follow these steps to find the best rate on commercial truck financing....

Read More
Commercial Truck Financing Credit Union

September 24, 2020 by WC Team
Small business financing is hard to come by in 2020, but we’ve uncovered a list of credit unions that love offering loans to commercial truckers at low rates....

Read More
Commercial Truck Financing Rates

September 23, 2020 by WC Team
If your business is looking for the best rates and terms on a commercial truck loan, follow this checklist to uncover the best financing options....

Read More
Commercial Vehicle Financing Banks

September 22, 2020 by WC Team
Searching for commercial vehicles like a truck or trailer but need financing? Worry not, we’ve compiled a list of small business lenders who love trucking companies....

Read More
Commercial Truck Loan Bank of America

September 22, 2020 by WC Team
If your trucking company is looking for the best commercial truck loan or lease, Bank of America Equipment Financing may be the best choice! Enjoy our review....

Read More
Commercial Truck Loan Bad Credit

September 22, 2020 by WC Team
If you’re plagued by bad personal credit or poor or no business credit, worry not, we’ve found a list of bad credit lenders who cater to trucking companies....

Read More
Commercial Truck Loan with Bad Credit: What Can Lending Networks Offer You

September 21, 2020 by WC Team
If you’re a truck driver with bad credit and want to add a truck or trailer to your fleet, we’ve got solutions: banks that understand bad credit business loans....

Read More
First Time Going for a Commercial Truck? Here’s All You Need to Know About Its Financing

September 21, 2020 by WC Team
If you’re a new business owner and looking for a commercial truck loan, follow these steps and secure the best financing terms: rate, term length and loan amount.....

Read More
Ford Commercial Truck Financing-Available Options

September 19, 2020 by WC Team
Whether you need a single vehicle or are updating your entire commercial fleet, read our checklist to find Ford’s best financing options and deals of 2020....

Read More
Commercial Truck Financing-Everything You Need To Know

September 19, 2020 by WC Team
We’ve compiled a comprehensive guide for commercial truck financing for small business truckers. Adding a truck or trailer, this is for you: best rates and terms!...

Read More
How to Apply For Trucking Business Loans

September 18, 2020 by WC Team
If you own a small carrier and you’re looking for a low rate trucking business loan, we’ve compiled a list of tools to use to secure the best terms from your lender....

Read More
How Commercial Truck Financing Can Be Good or Bad For Your Business

September 18, 2020 by WC Team
If your small business is adding a commercial vehicle to its fleet, use our guidelines to navigate the pitfalls associated with commercial equipment financing....

Read More
The Ultimate Guide to A “Trucking Business Loan”

September 17, 2020 by WC Team
If your business is in the market to finance any commercial vehicle, finding the right loan may be as important as finding the right truck or trailer....

Read More
Truck Finance for New Business Plans: Things to Know

September 16, 2020 by WC Team
Are you a short-haul trucking company looking to expand to long-haul? Make low-interest financing for trucks and trailers a part of your business plan....

Read More
Truck Business Finance

September 16, 2020 by WC Team
Looking for a commercial truck or trailer for your fleet? Take advantage of our commercial buying tips and lender insights and secure the best financing and leasing....

Read More
What Should You Know About Financing Your Commercial Truck

September 15, 2020 by WC Team
Don’t buy another commercial vehicle, truck or trailer without reading our guide on how to obtain the best low-rate financing for your trucking company....

Read More
What You Need To Know About Financing For Commercial Trucks

September 14, 2020 by WC Team
If your business is looking for commercial vehicle financing, we’ve outlined nine ways to ensure your business secures the best vehicle and also the best rate loan....

Read More
What You Should Know About Trucking Business Loans

September 13, 2020 by WC Team
Don’t finance another truck or trailer for your trucking company without reading our comprehensive guide to trucking business loans. Tricks on how to secure low rates!...

Read More
What You Should Know When You Buy a Used Truck

September 12, 2020 by WC Team
Don’t buy a used truck or trailer for your fleet without first reading our comprehensive guide: Top 10 issues related to used commercial vehicles, loans and leases....

Read More
Zero Down Commercial Truck Financing-Is it Possible?

September 12, 2020 by WC Team
Use commercial equipment leasing to finance your next truck or trailer and put no money down at all. Here are our tips to secure the best rate with zero down....

Read More
Where Can You Get Commercial Truck Trailer Financing?

September 13, 2020 by WC Team
Looking for the best truck and trailer financing? Follow our guide to the top-rated commercial equipment leasing companies and uncover the best rates and no fees....

Read More
SBA Loans: Small Business Administration Financing

Small businesses with less than 20 employees experienced the most growth in 2015, creating 1.1 million jobs. This kind of economic development is why the Small Business Administration was formed. As an organization dedicated to helping small business owners succeed through advice and economic guidance, business owners seeking low-interest loan rates who are not in a hurry for funds, can apply for an SBA loan.

Read more: SBA Loans

Business Line of Credit Loan

A business line of credit is a great option for business owners who may need funds quickly, but do not need a fixed amount of money lent to them over time. With a business line of credit you only use what you need and pay interest on that sum.

Read more: Line of Credit

Startup Business Loans

A business line of credit is a great option for business owners who may need funds quickly, but do not need a fixed amount of money lent to them over time. With a business line of credit you only use what you need and pay interest on that sum.

Read more: Startup Loans

Short Term Financing & Business Loans

If your business is in need of quick financing that can be repaid in a short period of time, the answer to your emergency cash flow problem may be a short-term loan. Though this type of small business financing can have higher interest rates, these loans have terms of only six months to two years.

Read more: Short Term Loans

Merchant Cash Advance Financing

Small businesses with revenue from credit and debit cards such as retail stores and restaurants have the option of using a merchant cash advance. An MCA provider essentially purchases your future profits, which are then automatically deducted with a fixed payment from your future profits.

Read more: Merchant Cash Advance

Invoice Factoring & Financing for Small Businesses

For small businesses with many invoices that are slow to be repaid, such as trucking company that seeks repayment from shippers and brokers, invoice factoring is a financing option that provides a portion of the funds to you and then collects the debt on your behalf.

Read more: Invoice Factoring

Accounts Receivable Financing

Similar to invoice factoring, accounts receivable financing is a line of credit for small business owners who are looking to cover business expenses while waiting for payment from clients and vendors.

Read more: Accounts Receivable Financing

Unsecured Business Loans & Financing

Traditional small business loans require collateral or a down payment to show a business owner’s ability to repay the loan. With an unsecured loan, collateral is not required, so there is no value against the loan to reduce the risk of investment for the lender. That’s why these loans have higher interest rates, but it’s also why they can be a desirable option for business owners with fewer assets.

Read more: Unsecured Loans

Business Acquisition Loans

Purchasing an existing business can be an expensive endeavor, though for some small business owners the risk of owning a working business is less than creating a new one from scratch. However, not many people can purchase a business outright. There are several ways to finance a business acquisition with the help of a lender.

Read more: Business Acquisition Loans

Inventory Financing Loans

For some businesses, sales can ebb and flow, but a consistent need for inventory is required. An inventory finance loan allows a small business owner to purchase the products or materials needed before the products are sold. This form of financing allows business to keep running even when cash reserves are low.

Read more: Inventory Loans

Micro Business Loans

Some small businesses do not require large sums of money, but require lower interest rates than a business credit card. A micro loan is an option for a business owner who seeks less than $50,000. Micro loans are typically only $10,000 and can financed through nonprofit micro-lenders and crowd-funding sites.

Read more: Micro Business Loans