When you’re looking to grow your business, often the first step you have to take is the hardest.
After all, your day-to-day responsibilities aren’t going to just go away while you figure out how to fund your expansion plan. And with all the lending options now available to the owners of small- and medium-sized businesses — from traditional bank loans to merchant advance to flexible online loans — finding a lending partner that will be a good fit for your needs can seem overwhelming.
Unfortunately, the idea of having to choose among all of these small business lending options can lead to paralysis: “Will I get approved for a bank loan? Would a line of credit be an affordable option for me? Can I trust an online lender?” With so many choices and so many questions, it can be easy to keep putting off a decision. And when you aren’t moving, you aren’t growing.
We get it because we’ve been there.
As serial entrepreneurs, we know just how precious time can be when you’re looking to grow your company. So to help borrowers get a solid grasp of the current lending market and the strengths and weaknesses of various options, we recently published a new white paper entitled “The Bottom Line on Small Business Lending.”
This free, straightforward guide should help you determine what type of lender would be the best fit for you — a determination that can help you take the first step toward growing your company. With succinct overviews of the most common types of lenders in the market today, it can serve as a great place for you to start thinking about finding a small business lending partner.
If you’re ready to get moving on your business’s growth plan, start here by downloading our guide. And don’t hesitate to contact us if you have any questions about finding a good lending partner for your operation.