Whether you’re just setting up shop or undertaking a company-changing expansion, there has never been a better time to find a small business loan given the lender choice available.
The choices aren’t limited to bank and non-bank lenders (often referred to as traditional and non-traditional lenders), and secured or unsecured loans. There is a range of other factors to consider, such as interest rates, security, fees, and the length of the loan, all of which will be determined by the stage you’re at in the business lifecycle – startup, high growth, or established.
There are also plenty of sites where you can compare the relative merits of each loan providers’ offerings. These sites contain lots of independent analysis using star ratings designed to help simplify your choice.