How to get a small business loan?

Rayford Speziale: A bank is always a good place to go initially to apply for a small business loan because if approved they will provide you with the best terms, however with that said it is also the hardest to actually get approved because they will look at your personal credit, and as another member pointed out they will most likely require you to have a well written business plan with financial projections included.If the bank does not approve you, they may refer you to their SBA rep who will try to get you an SBA loan, this is also a tough route due to their numerous and almost neverending requirements. If you do intend to go these routes I encourage you to be well prepared and have all your credentials in place. Otherwise you may be better trying to obtain a private loan from an investor or private lender, it all depends on how much you are trying to obtain. Mint Financial Group, can place you in front of private lenders as well as assist you with your business pl! an needs. You can obtain lots of free information at www.mintfinancialgroup.com...Show more

Voncile Slaubaugh: Basically a bank is your best bet. Write up a good business plan (anyone you want to borrow from will require one) and call around to banks to see if they deal with SBA guaranteed small business loans.