6 Tips on How to Fund Your Small Business

Piggy bank savings for small business

Great business ideas are a dime a dozen. If you want to get serious about turning your dream into a reality and starting your own business, you’re going to need small business funding. Fortunately, there are several funding options for small businesses, from banks and online business lenders to small business grants. 

The first step is to learn about what’s available to you so you can move forward in making the best financial decision for your new company.

Let’s take a look at 6 ways that small business owners like you can get funding and what you need to qualify.

Best Business loans

1. Online Lenders

In today’s digital age, online lending has become a popular alternative to traditional banks, and it’s no wonder why. Borrowers now have an abundance of options when it comes to lenders and aren’t limited to brick-and-mortar financial institutions. The application process is fast and simple, with everything being conducted online, and you’re much more likely to encounter lenders offering looser requirements.

Here are a couple of online lenders we recommend for small business loans:

BlueVine

BlueVine specializes in delivering fast funding for small businesses nationwide with their three business loan products: revolving lines of credit for the best in flexibility, term loans with zero origination fees and fixed rates, and invoice factoring for speedy advances on any outstanding invoices your company has.

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Reliant

Reliant is an online lender that’s been around since 2008 and has facilitated over a billion dollars in funding. They boast small business loans that are fast, simple, and flexible. Their application process takes less than 30 seconds to start seeing offers and financing options come with a fixed cost. 

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Online lenders are good for: Businesses looking for fast financing and looser requirements.

2. Credit Unions

When shopping around for small business loans for your company