How to get a small business loan

Building a business requires capital, and one way to obtain that capital is through a business loan. But qualifying for a business loan can be hard if you don’t meet business lenders’ strict standards. As a result, the more you know about what lenders require and what you need to be eligible, the easier it will be to get approved.

Many of the top banks, card issuers, insurers, and trade suppliers rely on the information in your Experian business credit report to help make decisions about doing business with your company. Having a complete and well-managed business credit report will help you:

• Prepare for small business loans, leases and lines of credit.
• Lower interest rates and insurance premiums.
• Boost investor interest in your business.

Discover the best loans and services for your business. Visit our Marketplace today. You can apply today through preferred Experian lending partners such these below:

• Fintap: Offers a range of products from working capital advances, equipment financing, invoice financing, SBA loans, lines of credit and term loans.
• Backd: A commercial alternative business lender focus on providing you with a funding solution tailored to fit your unique business needs in 24 to 48 hours.

Additionally, check your business credit report to get an idea of where it stands and what you can potentially do to improve it before applying for any loan.

Your business credit report paints a picture of your small business for everyone to see. It's often the first thing lenders, suppliers, and even some customers check before deciding to do business with you.

Take control of your business credit today and set your company on the path to long-term success. For more tips and resources, visit our Score Planner Learning Tool and start building smarter business credit now.