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Getting a Business Loan

Financing Your Main Street Business

By Ty Kiisel

  • eBook Price: $17.99
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Getting a Business Loan details the options small business owners have for financing growth or obtaining working capital. Learn how to get the money you need when you need it.

Full Description

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  • ISBN13: 978-1-4302-4998-6
  • 212 Pages
  • User Level: Beginner to Advanced
  • Publication Date: November 10, 2013
  • Available eBook Formats: EPUB, MOBI, PDF

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Full Description

Every day, Main Street businesses wrestle with the challenge of finding the cash to finance growth or use as working capital. The local banker often wants a credit score of 720, three or more years in business, and a fat savings account. No wonder local bankers approve only 10% of loan applications.

Getting a Business Loan: Financing Your Main Street Business shares something your local banker might not want you to know—small business owners have options. And this book describes those alternative lending sources in detail, as well as traditional sources of funding like banks and credit unions.

Half of all business startups don’t make past their fifth birthday—and often because they can’t find the financing required to sustain their operations. Whether you own a small restaurant, a bicycle shop, a hardware store, a small manufacturing company, or a service business, Getting a Business Loan offers easy-to-understand descriptions of loan options that can keep you going, as well as practical advice on where to look for money and how to apply.

What would you do with an extra $40,000? Expand your restaurant? Hire a new employee to fulfill a new contract? Buy a needed piece of equipment? Getting a Business Loan will:

  • Detail how bankers look at you and your loan application
  • Explain the menu of non-bank financing options available to business owners, like asset-based lending, factoring, merchant cash advance, local “hard money,” and more
  • Show how to locate potential lenders via the Internet and other means
  • Show how to prepare before you visit the lender or fill out an application
Main Street businesses aren’t limited by the local bank’s footprint any more. There are people and institutions all across the country that lend money to small business owners. If you want to find the money you need to strengthen and expand your business, Getting a Business Loan will show you how.

What you’ll learn

  • How to speak to your banker about a loan
  • The different types of loans available at your local bank or credit union
  • How to qualify for an SBA loan
  • Alternative financing options, where to find them, and how to apply
  • Using the Internet to find money for your business
  • What to do if you don’t qualify
  • Options for business owners in dire straits

Who this book is for

Getting a Business Loan is for the 7 million+ Main Street business owners with fewer than 100 employees, the backbone of the American economy.

Table of Contents

Table of Contents

  1. Building a Relationship with Your Bank: Date Before You Marry
  2. A Visit to the Bank: Popping the Question
  3. Keep Your Relationship with the Bank Personal: When the Honeymoon is Over
  4. Getting the Right Bank Loan: My Porridge Is Too Hot!
  5. Navigating the Maze of the SBA: Are We There Yet?
  6. Angels, Venture Capital and the Myth of the Shark Tank
  7. The Sun Will Come Out Tomorrow: There are Options
  8. Asset-based Lending: Need a New Piece of Equipment?
  9. Factoring: Tap Your Accounts Receivable
  10. Real Estate Loans : Location, Location, Location
  11. Merchant Cash Advances : Credit or Debit?
  12. They Call It a Credit Card for a Reason: Don’t Leave Home Without It
  13. Peer-to-Peer Loans: Brother, Can You Spare a Dime?
  14. Business Acquisition Loans: I Need Money Now Before the Opportunity Slips Away
  15. Franchises: There’s a Loan for That
  16. Startup Funding: Crawl, Walk, Run
  17. Crisis Borrowing: Help!
  18. WOSB and other Loans: It’s No Longer a Man’s World
  19. Small Business: The Backbone of America

If you think that you've found an error in this book, please let us know by emailing to editorial@apress.com . You will find any confirmed erratum below, so you can check if your concern has already been addressed.
No errata are currently published


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