Secure lump sum capital for big investments. Repay over time with fixed payments. Ideal for equipment purchases or expansion projects.
Flexible access to funds as needed. Pay interest only on what's borrowed. Manage cash flow fluctuations effectively.
Leverage assets like inventory or accounts receivable as collateral. Suitable for businesses with valuable assets but limited history.
Convenient for day-to-day expenses. Build credit and enjoy perks like rewards programs and introductory 0% APR periods.
Explore options like friends, family, and crowdfunding for flexible capital. Accessible even with limited credit history.
If you need assistance with preparing for a business loan, the Economic Development Collaborative (EDC) can help. EDC provides one-on-one consulting services to small businesses