Skip to main content


Builds credit
US Treasury certified

Banks are the largest lenders to small businesses, and are probably the first place you think about when getting a loan. While banks offer some of the lowest cost loans, qualifying for one can be difficult – usually requiring a borrower to have strong personal and/or business credit scores, a personal guarantee, collateral, and healthy financials. The process to secure a bank loan can take between one and three months. Developing a successful relationship with a bank can make it easier to secure future loans and lines of credit.

Bank loans must be used for very specific business purposes. Check with your lender to ensure that you are following the guidelines.

Think a bank loan is right for you? Keep reading.