By this point, you know what loan you want, you know what lender you're applying to, and you've got your materials ready. Now it's time for the main event―applying!
As we've mentioned, the exact application process depends on your lender. In pretty much all cases, you'll look for that big, shiny “Apply Now!” button on the lender's site. Once you click it, you'll be directed to a form where you'll fill out basic information about yourself and your business.
After that, you might be asked to upload those supporting documents you prepared. Or for some lenders, you might be asked to link the lender to your business checking account. In some cases, you'll simply be told to expect a call from your lender within a few hours (in which case you'll probably upload all those other documents after the call).
With so many different application processes, we can't promise it will be a painless process (financial things rarely are). But any reputable lender should at least offer you clear direction at every step.
Before you know it, your application will be in. And ta-da! You've applied for a business loan online. But we're not quite done yet.