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Small business resources for growth, expansion and profitability

Find what you need to successfully manage and grow your small business.

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Being a small business owner can be an exciting venture. The best part about owning a small business is that you are in full control. You get to call the shots when it comes to marketing your business and you directly contribute to its growth and expansion. The reward is not only in the form of profit, but also from serving and delivering a quality product or service you believe in.

You know that getting established and having a set plan of operation are two major components that will help get your business off to a good start. Check out our detailed resources to help you along the way.

Resources for small businesses impacted by COVID-19

If you’re one of the many small business owners who was forced to close due to government stay-at-home orders, we’re here to help.

The Small Business Administration (SBA) has two loan programs geared toward small businesses affected by the outbreak. And there are a slew of local, state and private programs available as well.

What do you want to learn about first?

Managing a successful small business is hard work

What you have taken on is not easy. There will be many hardships you will have to endure and the time will come when you will seriously wonder if it is all worthwhile. When these occasions come about, remember that you are not alone and there are many institutions set up to assist you. So, swallow your pride and take advantage of what is offered.

SBA tools and resources

The Small Business Administration (SBA) might be the first place to stop when looking for tools and resources for small and midsize business owners. It offers free online tools, educational guides and even free workshops for small business owners on everything from market research to cybersecurity. And if you need more help than the SBA can provide, it can put you in touch with a free counselor.

Everything you need to know about SBA loans

What to consider before starting a business

Making sure that you’re starting a business that serves a need and is eligible for financing is key to making sure that your new business will be a success.

1. What it has to offer

You must find out whether people will buy the product or service you intend offering. Have a good look at any competition you will come up against and ensure that the market you will be working in will be big enough to sustain your ongoing profitability.

2. How much it will cost

The amount of financing you need will depend on the type of business you intend pursuing. It is often best if you start small and allow your business to force any growth in its own right.

If you have the patience to do this, you will minimize any risk of getting too big too early and having your legs cut off beneath you before you even get properly started. The less money you borrow to get your business started the better position you will be in to stave off any low income periods you come to experience.

3. Market research

There are two types of market research for you to undertake. Primary research will involve doing survey work, interviews of likely customers and taking to other businesses to ascertain the level of support you business would be likely to receive once you’ve got it up and running. Secondary research is what you do when you look into what others have already done such as that found in trade publications and government statistics.

Ready to get started? Apply for a business loan today

Data indicated here is updated regularly
Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$4,000 – $300,000
5.49% to 22.79%
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 300
Alternative financing up to $300K with highly competitive rates.
Lendio business loan marketplace
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Fundera
$2,500 – $5,000,000
7% to 30%
$300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years
Get connected with short-term funding, SBA loans, lines of credit and more.
Kickpay e-commerce loans
$20,000 – $1,000,000
Not applicable
At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.
Get a loan for your e-commerce business based on your sales history.
Credibly Business Loans
$5,000 – $250,000
6+ months in business, $180K annual business revenue, 500+ credit $15K+ in monthly deposits
Funding to cover business expenses with daily or weekly repayments.
SmartBiz
$30,000 – $5,000,000
4.75% to 7.00%
650+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years
Get funding for your small business with a government-backed loan and extended repayment terms.
LendingClub small business loans
$5,000 – $500,000
9.77% to 35.98%
12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
With loan terms that vary from 1 to 5 years, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
Monevo Business Loans
$500 – $100,000
3.99% to 35.99%
Credit score of 500+, legal US resident and ages 18+.
Use this connection service to get paired with a loan you can use for business.
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