• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • (216) 592-2332
Facebook Linkedin Twitter
Inquire Now!
Small business loan resources in ohio
  • About Us
  • Programs
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us
  • Blog
Menu
  • About Us
  • Programs
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us
  • Blog
Search
Close

3 guidelines for finding the best small business loans for you

To simplify your search and ensure you're only spending time on getting the best loan for your business, keep these three guidelines in mind.

You are here: Home / Resources / 3 guidelines for finding the best small business loans for you

August 13, 2015 by boardmember1 Leave a Comment

Looking for a small business loan? You’re not the only one. With the economy improving, tens of thousands of new jobs created every month and lending requirements increasingly easing up, more and more entrepreneurs across the country are looking for financing to help grow their companies and capitalize on a revitalized market.

But there are many different kinds of small business loans out there, provided by an equally wide array of lenders, all with their own stipulations and services. To simplify your search and ensure you’re only spending time on getting the best loan for your business, keep these three guidelines in mind:

  • Consider their customer service: Don’t let financial motivations completely dictate your choice of lenders. Make sure the lender you approach has a strong customer service record and values your relationship with them. If a lender is slow to respond to your needs, the relationship may be more hassle than the loan is worth.
  • How fast do you need financing?: “The immediate need for funding can have a huge impact on which loans a small business owner can use,” writes Erin Lowry for U.S. News & World Report. “Same day or next day funding is an option, but this could come with a steeper APR because the borrower has less time to shop around and compare price points.”
  • The amount of funding you actually need: This may seem like a no-brainer at first, but it’s easy to forget that there are fees to be taken into consideration beyond just the desired loan amount. Additionally, ensure that the lender is actually capable of issuing the maximum loan amount you need. Otherwise, it’s time to look elsewhere.

For an Ohio community loan lender that emphasizes customer service and provides long-term, fixed-rate affordable financing for expanding local small businesses, reach out to Growth Capital Corp. today.

Resources economic growth,  economy,  sba loan,  small business,  small business loan,  small business loans

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Social

Follow along on social media.

Contact

IMG Center
1360 East Ninth Street, Suite 950
Cleveland, Ohio 44114

  • Get Directions
  • (216) 592-2332
  • Contact

Navigation

  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual & Loan Activity Reports
  • Blog
  • Our History
  • Events
  • Contact Us
  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual & Loan Activity Reports
  • Blog
  • Our History
  • Events
  • Contact Us

Newsletter

Stay up to date by subscribing to our newsletter.
Click here to sign up

© Copyright 2022 Growth Capital Corp · All Rights Reserved · Website designed by Jennasis & Associates