SMALL BUSINESS LOANS AND HOW TO GET IT AT NO INTEREST

here you will get complete knowledge about small business loans how to get them ,all about capital one smalll business loan,regions business loans



A small business loan I especially designed for investing small business or start-ups. It is helpful as the owner does not loses any shares of his company for investment.


Advantages – 

Fast approval

No collateral required for unsecured business loan plan

Less documentation


Eligibility Criteria

The borrower should be self employed/manufacturer

The age to apply for small business loan is 24 to 70 years.

The minimum turnover of the borrower should be 1,000,000 in past 12 months

685 or higher CIBIL score

At least 3 years of business vintage


Documents Required

KYC documents

Proof of business ownership

Other financial documents





Capital One Small Business Loan


Now when you have learned about the small business loan and it’s advantages, you might be wondering how to apply for it. There are many platforms on which you can apply for small business loan, offline and online both.


While there are many banks to commercially apply for small business loans, capital one is one of the best bank to apply for small business loan, Capital one offers a variety of small business banking services, from their Spark business program. They offer many kinds of small business loans.


What Capital One provides?

Capital one provides different types of loans for business, including the following

Working capital Lines of credit

Business instalment loans

Equipment and Vehicle Loans

The US Small Business Administration Loans


Apply for small business loans in USA


Personal credit score

Bank statements and ratings

Balance sheet

Cash flow

Type of industry u have

2+ years in business


Getting a Small Business Loan

There are many platforms where you can get a small business loan easily. The best platforms had been picked up for you, choose the one which suits better for you.


Lendio

Starts at 4.25% interest

560 min credit score

Terms, Loans, Lines of credit and more


Fundera By NerdWallet

Starts at 4% interest rate

550 min credit score

Term loans, lines of credit and more


Funding Circle

Starts at 6% interest rate

660 min credit score

Term loans, lines of credit and SBA loans


FundBox

Starts at 4.7% interest rate

600 min credit score

Liens of credit

Direct lender







What is Small Business Administration (SBA)


It is an autonomous US govt. agency to grow the economy by providing guidance to small business. One of the largest function of the SBA is to promote individuals to start and grow business.

You can access the agency website from here

You can apply for SBA through a lending bank. Then apply for SBA for a loan guarantee, then the govt. pays the guaranteed amount to the lender.

SBA requires a personal guarantee from everyone with at least 20% share in a company. This guarantee helps you for your assets payments, if you are unable to complete them.


Regions Small Business Loans (regions.com)


Amongst the most popular Small Business Loans providers, Regions is one of them.

Regions provide many financial products like credit cards, mortgages, and also personal loans. It is the best option that offers low APR, with no origination fee. The only problem is that it isn't available in many states and non-customers may not be able to apply online.