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Sunday, January 23rd
Serving customers since 1998, California-based Balboa Capital has funded nearly $5 billion in financing solutions since its inception. Though some borrowers have expressed frustration with fees and other fine-print items, Balboa's A+ rating with the Better Business Bureau and established history make them a company to consider when looking for a business loan.
LendingClub no longer offers peer-to-peer funding of business loans, having undergone a major overhaul in the last few years. Good thing or bad thing? If you're a newer or smaller business, you can get funding by applying for a LendingClub personal loan. More established companies will be referred to Accion Opportunity Fund, which has a less-than-perfect reputation. This new company format doesn't offer you many benefits when it comes to business loans, and we suggest looking elsewhere.
With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.
In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.
Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.
There are many factors that you should consider before selecting a lender for your business loan. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!
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The Business ...
SBA's Covid-19 programs are over. Here's the 7(a) and 504 loan ...
That includes the 7 (a) loan program and the 504 loan program. But those new to the process might be wondering which loan program would be right for them. That’s why we checked in with experts on SBA ...
Fri, 21 Jan 2022