Traditional Banks

Traditional bank loans are the largest type of lenders in the U.S. but they can be difficult to access. If you've been in business for a longer length of time and have financial history you might be eligible to apply.

When possible, it is best to get a loan from a bank that you already have a relationship with.

Be prepared that these loans take longer to process, usually require strong credit, and collateral. If you are able to apply, this is a great way to expand or sustain your business at an affordable price with lower interest rates.

Ideal for businesses that:

Have 2+ years of operations and financial history, strong credit, and assets to be used for collateral.

These lenders are known for:

Providing larger amounts of capital to established businesses and requiring a lot of documentation/paperwork.


Lenders to consider

Typical documents you will need

Tips and resources

Common phrases to know