There may be a gap between the money you have available and what you need to start or grow your business. A traditional bank loan product such as a start-up or term loan can fill this gap.
Before visiting your local lending institutions or potential investors you should have a general idea of your financing needs and read more about available funding options.
In general, there are four types of bank loans:
Loan Type
Description
Line of Credit
The bank gives you a range of credit that you use when you need it.
Receivables Financing
The bank finances against your revenue.
Inventory Financing
The bank lends against your inventory, which is also called collateral.
Asset-Based Financing
The bank allows you to borrow against your assets, ranging from receivables and inventory to buildings and other real estate.
Funding Options
Find out about different ways you can obtain financing, and the advantages and disadvantages of each.
