Bank loan

America’s SBDC and Venturize ask the tough questions about becoming loan ready

In celebration of our new partnership with America’s SBDC, Venturize co-hosted a Twitter chat during National Small Business Week to talk about the top tips and resources to help small businesses and aspiring entrepreneurs become loan ready. We were happy to be joined by our friends at Intuit QuickBooks, the New Jersey Business Action Center, Small Business Majority, BIGG Success and BizBuySell.

Entender qué significa bienes afectados por las garantías

Los préstamos bancarios por lo general son la forma menos costosa de financiar una pequeña empresa. Sin embargo, no es fácil obtener un préstamo bancario, ya que los bancos tienen estándares estrictos para los préstamos. Como regla general, los bancos requerirán que el prestatario ofrezca una garantía para un préstamo. La única excepción a esta regla es para los clientes que tienen una relación a largo plazo con los bancos y cuyo negocio ha demostrado ser rentable durante un período de varios años.

Préstamos Bancarios Tradicionales

Los bancos son los mayores prestamistas para pequeños negocios, y probablemente el primer lugar que te viene a la mente cuando piensas en pedir un préstamo. Ofrecen algunos de los préstamos más económicos, pero puede ser difícil calificar para ellos: un 72% de propietarios de pequeños negocios  son rechazados. Los bancos usualmente requieren un sólido puntaje de crédito personal y/o comercial, una garantía personal, garantía de pago, y finanzas en buen estado. La solicitud también puede requerir mucho tiempo y esfuerzo — completar el proceso puede tomar de uno a tres meses.

Credit Score Requirements: 
High
Loan Wait Times: 
Varies
Interest Rates: 
Low
Vista Rápida
Features: 
  • Tasas de interés fijas y muy bajas
  • Pagos mensuales previsibles
  • Ayuda a establecer crédito comercial
  • Establece relación con un agente de banco profesional
  • Disponible para muchos usos
Things to consider: 
  • Trámite extenso
  • Plazo de procesamiento más largo
  • Requiere un crédito sólido
  • Usualmente requiere garantía de pago

Bancos

Los bancos son los prestamistas mayores para los propietarios de pequeños negocios,  y probablemente el primer lugar que te viene a la mente cuando piensas en pedir un préstamo. 

Spanish

Traditional Bank Loans

Banks are the largest small business lenders and probably the first place you think about when getting a loan. They offer some of the lowest cost loans, but qualifying can be difficult; about 72% of small business owners who apply get rejected. Banks usually require strong personal and/or business credit scores, a personal guarantee, collateral, and healthy financials. Applying also takes significant effort and time — completing the process can take from one to three months.

Credit Score Requirements: 
High
Loan Wait Times: 
Varies
Interest Rates: 
Low
Quick Overview
Features: 
  • Very low, fixed interest rates
  • Predictable monthly payments
  • Helps build business credit
  • Professional banker relationship
  • Available for many uses
Things to consider: 
  • Extensive paperwork
  • Longer wait time
  • Requires strong credit
  • Usually requires collateral

Banks

Banks are the largest small business lender and probably the first place you think about when getting a loan. They offer some of the lowest cost loans available, but it can be difficult to quality. About 72% of small business owners who apply get rejected. Banks usually require strong personal and/or business credit scores, a personal guarantee, collateral, and healthy financials.

English

9 Little-Known Business Loan Fees Hidden in the Fine Print

Getting approved for a small business loan is an exciting moment. You finally have the capital you need to move the needle for your business—whether it’s capital to purchase a new piece of equipment, to finance a second store opening, or simply to cover your regular business expenses. After putting hours and effort into searching for and applying for a business loan, you might be tempted to just quickly review your offer, check the rates and terms, and sign on the dotted line.

Is Your Cash Flow Ready for the Holiday Season?

You may not be trimming the tree just yet, but it’s definitely time to make sure your business is ready for the biggest shopping season of the year. From retailers to restaurants, the majority of small businesses will significantly boost their bottom line in Q4. According to a recent survey from Vistaprint, 75% of consumers indicated that they’re likely to do at least some of their holiday shopping with small businesses this year.

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