How To Get A Loan For A Small Business | Young Adult Money

My dream is to build a business that I can sell for millions of dollars. To do that, you need to have some sort of funding, either from your personal bank account, friends and family, venture capital, or a loan. Thankfully getting a loan for a small business is much easier these days than it used to be. While there is nothing wrong with going the traditional route of asking those close to you to invest in your company, its much easier to get loans to get your company funded appropriately. This also has the added benefit of not mixing family and friends with business, which can be a cause of major conflicts. So if you are looking to get a loan for your small business to increase your working capital, purchase inventory, or invest in a new location, heres how to get a loan for a small business in a few easy steps: First, go to LendingClub.com . Easy enough, right? The page should look something like this: Enter how much you need and what the loan is needed for: Youll be asked to provide some information about your business: Next youll be asked some information about yourself: Youll be asked to provide financial information about your business as well: Its important to note that Lending Club has this disclaimer: By continuing, you authorize WebBank and Lending Club to each obtain credit reports from one or more consumer reporting agencies. Checking your rate will not affect your credit score. Checking rates do not affect your credit score in any way, which is a great benefit of Lending Club. That means there is no risk to seeing what interest rate you would receive on a loan. If you are looking to get a loan for a small business, I would recommend you check out Lending Club and see what interest rate you would qualify for.
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