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Most banks will help with small business loans. If you are a legitimate business or can show some proof that you will be, or that you are trying to be, you have a good chance of getting a loan.

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Q: Are there any banks that specialize in lending small amounts of money to new businesses?
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What are some small business lending companies?

Most banks offer loans to small businesses. The Small Business Lending Fund which is sponsored by the U.S. government provides funds to qualified lenders to encourage lending to small businesses.


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One may find a company that is lending money to businesses usually through banks. BOM, Scotia Bank and TD are all lenders to small businesses throughout Canada.


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Most small, hometown banks specialize in small business loans. Due to the fact that they are more tied to their community, they are willing to take into consideration businesses that may not pass the criteria needed for bigger banks.


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Consortium Lending is that type of lending in which two or more banks come together to finance the big projects requiring huge amount of money. Consortium lending is usually done by banks to distribute the risks among the group of banks ,it is also used by smaller banks to use as an opportunity to be a part of the big project financing and to gain expertise in this area. Big banks by resorting to consortium lending not only saves their prospective customers but also builds good relations with other banks.


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Banks and other lending institutions provide secondary financing. Individuals or businesses getting secondary financing may pay a higher interest rate.


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