The Source

Key Takeaways SBA 504 loans are designed specifically for major fixed assets: commercial real estate, land, large equipment, and facility improvements. SBA 7(a) loans are the SBA's general-purpose program and can fund nearly any business...

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Key Takeaways PPP (Paycheck Protection Program) was an SBA-backed emergency relief program created in response to COVID-19. It is no longer accepting new applications. The program closed on May 31, 2021. Standard SBA loans, including...

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Key Takeaways SBA loans are government-backed and offered through approved lenders. Conventional bank loans carry no government guarantee. Bank loans typically offer the lowest rates for well-qualified borrowers. SBA loans offset higher fees with longer...

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Key Takeaways Business credit is tied to your company. Personal credit is tied to you as an individual. Both can matter when applying for financing, but they are tracked separately and scored differently. A business...

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When comparing secured vs. unsecured business loans, the core distinction is collateral: secured loans require you to pledge a specific asset, unsecured loans do not. But that single difference creates a cascade of others, affecting...

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Key Takeaways A business line of credit and a business credit card both provide revolving access to credit, but they are built for different jobs. A business line of credit is better for cash access,...

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Key Takeaways Women-owned businesses are one of the fastest-growing segments of the U.S. economy, but they still face persistent gaps in access to capital compared to their male counterparts. Small business loans for women span...

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Key Takeaways A business loan gives you a lump sum upfront: predictable repayment, fixed amount, one defined purpose. A business line of credit gives you ongoing access to funds up to a set limit. You...

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Key Takeaways Loan rate and APR are not the same thing. APR provides a broader view of annualized borrowing cost because it can include fees. A lower advertised rate doesn't always mean a cheaper loan:...

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