Business Loans

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Just curious as to what type of bank you should go to for this type of loan. Would it be better to use a very large bank or a smaller bank where you would be on a more personal level with the bank. Pretty much all banks even the smaller local ones are still owned by larger CO. but was just curious as to who would be more apt to loaning the money.

For all the guys who have done this in the past do you have any recommendations on which type of loan to get so on so forth.

Any and all help is appreciated.

 

[Enanthanator]

I would check out the SBA they are a little slow but very helpful. Depending on your business you have different options. There are private lenders in the private sector that will loan you money at a higher rate, business loans from banks are good if you qualify. Some of they may want a PG (personal guarantee). I have looked into it before but never went through with it. If you have credit card machine there are factor companies that will take your average of the last three months of you credit card receipts and give you a loan that way (without amex charges). They will bang you out pretty high on points and interest but they are fairly quick and easy to get a loan with. They let you repay the loan via your credit card sales which is nice. Basically look into all the diff options you have because you never really know which will work best.