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Sunday, June 26th
For most e-commerce businesses, Clearbanc provides an attractive alternative to the typical business loan. They use AI to look at the performance of your company (via login information that you provide to your sales and marketing platforms), and to make you a funding offer based on your current successes and projected growth. Repayments are made on a percentage basis from your future revenue stream, along with a flat fee ranging from 6-12.5% of your funded amount. While you'll be out of luck if your company isn't e-commerce, you should absolutely consider Clearbanc if you've already had some wins with your subscription box, app or SaaS product and just need some money to grow your business.
National Business Capital provides financing to businesses in a variety of industries and credit histories, specializing in helping those who have previously been turned down by banks and other lenders. They maintain an A+ rating with the Better Business Bureau and have a number of convincing testimonials on their website. Information on their loan terms is hard to come by, and we'd like to see more details with respect to loan amounts, eligibility requirements, and interest rates.
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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