While running your own business is hardly ever smooth sailing, the first year can be especially tough to navigate on your own. You don’t need to let the waves of capital flowing in and out of your business sink your startup. Business loans can help your new business through rough patches or even help you start your journey.
There are several kinds of business financing available and a seemingly endless sea of lenders. Which types of loans—and which lenders—make the most sense for a startup? We’ll go over several of the options out there, explain how those loans work, and clarify when each type of loan makes sense for your small business