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Bank of America offers the best small business loan at 10%.
There are many different places where one can get a bank loan for starting a small business. The best place to get a bank loan is by visiting a local banking institution.
A small business loan calculator can be found at Yahoo Small Business Loans, TD Bank, Bank Rate, Bank of America, Prosper, Capital One and Finance Guru.
Your local bank should be the first option to get the personal or business loan. However, you can also opt for Hard Money Loans to get the funding instantly in less hassle and documentation. Additionally, the hard money lenders can provide you the desired amount of loan in much lesser time and effort.
There are different definitions of "small business," none of which serve to qualify it for a bank loan. Bank loans are made based on the credit of the principals of the company or on the credit rating of the business itself.
A bank loan or a loan from friends/family.
Bank Midwest offers small business loans throughout the midwest.
One can learn more about financing a small business loan by looking it up on a financial explanation website or by calling one's bank and asking for an explanation of financing a small business loan.
To apply for a small business loan, first determine the amount of the loan and then provide detailed information of why you need that specific amount. Second, visit a local bank and provide them with that information and they will inform you that you need to fill out paper work for a small business loan. Third, the bank will check your credit score along with the loan material you provided and they will give you a decision.
You can try applying for a small business loan through a local bank or the US Small Business Administration.
A buisness plan.
While you cannot get a loan for small business directly from the government, you can take out a loan from a bank or other lending institution that is guaranteed by the Small Business Administration (SBA). The main loan program is called the 7(a) Loan Program, and it is designed for existing businesses and start-up businesses.