How to Get a Small Business Loan: What to Know Before Applying [Video]

How to Get a Small Business Loan: What to Know Before Applying

Wondering how to get a small business loan? In this video, we will guide you through what you need to know before applying.

Despite the enduring romance of the rags-to-riches success story, many entrepreneurs have at least some help when starting their ventures.

Ambition and grit are essential, but unfortunately, these entrepreneurial traits don’t guarantee the immediate cash flow a business may need. What you should consider is some vital initial financing to get new businesses off the ground: small business loans.

Business loans are among the most common forms of financing available to founders looking to start a business. But the choice of whether to apply for a business loan is a major decision for every business owner, and not one to be taken lightly.

In this video, we’ll examine some of the many factors that go into deciding whether applying for a business loan is right for you and your business. We’ll look at common types of business loans including SBA Loans and what they entail.

Here is what we’ll cover in this video:
00:00 Introduction
01:36 Why Should You Get a Loan?
01:51 Cash Flow
02:22 Equipment
02:41 Advertising
03:10 Hiring
03:28 Emergency
03:54 How Do You Get a Business Loan?
04:02 Decide How Much You Need
04:32 Investigate Whether You Need a Business Plan
05:05 Consider Repayment Terms
05:16 Talk to a Financial Advisor
05:33 Which Loan Should You Go For?
05:38 Term Loans
06:51 SBA Loans
09:10 Short and Long Term Online Loans
11:00 Invoice Factoring

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► Loan Calculator
► Shopify Capital
► FREE Business Plan Template
► How to Get a Small Business Loan and What to Know Before Applying

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