Where to Get Business Loans

If you want to start up or improve your business there are various ways to get funding. If you are lucky you may have savings or family and friends to turn to. Otherwise, getting a business loans is a good alternative to get funding for your business.

Small Business Administration (SBA)

You can use the Small Business Administration to know what documents you will need to have in order to acquire a loan. You can also apply for various loans through the SBA from business start-ups to loans for businesses to take care of special conditions like pollution control. The SBA is a good place to check to see which of their many loans you qualify for.

U.S. Department of Agriculture

Through the Department of Agriculture, you can apply for the Business and Industrial Guaranteed Loan Program. This program was created for individuals, communities or businesses in rural areas that are looking to use a business to improve the economic and environmental conditions in the local community. With this loan, businesses can be approved up to $10,000,000, even more with some exceptions. Some requirements for this loan are that businesses promote the conservation, development and use of water for agriculture or that they promote the use of renewable energy systems.

U.S. Department of the Interior

The Indian Loan Guaranty, Insurance and Interest Subsidy Program purpose is to assist in obtaining financing from private sources to promote business development initiatives that contribute to the economy of the reservation or service area. To apply you must be a member of a federally recognized American Indian tribe or Alaska Native group.