Unfortunately No.
Many banks give out small business loans such as Bank of America, Chase, and Wachovia.
NO
The Small Business Administration gives small business loans. To apply you can search their website at SBA.gov.
You could try asking your bank if they would give you a loan. If not they might reference you to a company that will give loans for small businesses.
To qualify for business loans from the U.S government, you have to have a business that is independently owned, and is not over the small business size standards as they do not give loans to larger businesses. It is the U.S small business administration that handles the process of applying for a loan. The requirements differ from the different loans, but some requirements are that you have to have a small business, operate for profit, demonstrate a need for the loans, and exhaust other financial options before applying for a loan at SBA.
One can access fast business loans from On Deck Capital, Merchant Fund Source, and Snap Cap. These loans can boost one's small business very quickly, and give them the jumpstart they need.
Banks are unwillingly to give loan to smal business because of the following:inability toprovide the needed or required collateral security lol level of capital formation by small business vicious cycle ofd penury in nigeria
More information on SBA business loans can be found on the SBA government website. Banks like Wells Fargo and Chase also give an explanation of what SBA business loans are.
There are a number of banks that give out business start up loans. Some example of banks that give out business start up loans include: RBC, BMO, CIBC,TD Canada trust, and Scotiabank.
You can get an online business loan in India from fintech organisations. their loan processing time is minimum. They will ask for the necessary financial documents. If you are eligible and your documents are verified, then they will disburse a small business loan. There are many NFBCs and Fintechs like LendingKart that offer business loans for various purposes like business expansion, inventory management etc.
You could try Factoring companies which give loans against your accounts receivables as well as family members and personal friends. You could also approach the Small Business Administration (SBA) for guidance on this matter.
SBA means Small Business Administration. Go to sba.gov and it will give the break down of what is involved in an SBA commercial loans. There several categories based on how many employees, what type of business, etc.