Can I get a business loan with no money down?

Yes, it's possible to get a business loan with no money down. While you may have a higher chance of approval or be offered lower rates if you put money down, lenders don't generally require a down payment for business loans.

What is the highest business loan you can get?

While it depends on the lender, the highest business loan you can get from banks is typically $1,000,000. The highest business loan you can get with other lenders is $100,000 from credit unions or $300,000 from online lenders.

How much business loan can I get with a new business?

It can be much more difficult to get a business loan for large amounts if you're just starting out. This is because most lenders will want to see at least a year's worth of revenue and solid business performance before they will lend to you.

How much do you have to put down on a business loan?

It depends on the type of business loan. Generally, you don't have to make a down payment on a general-use term loan. Equipment and vehicle financing tend to require a down payment of around 20%, although it's not always required.

How much business loan can I get if I have bad credit?

You may have a difficult time applying for a business loan if you have bad credit. Most lenders will only give you small amounts (less than $10,000) if you can't prove that you have a decent credit score. You'll usually have to pay higher interest rates on your business loan with bad credit .

Can I get a business loan with no credit check?

It's not likely. Generally, you'll need good credit to get a business loan. You might want to look into other financing options that don't involve taking on debt, like equity investments or crowdfunding, if you don't meet startup loan requirements.