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Minimum requirements. Online lenders. Traditional banks and credit unions. Time in business. Six months to two years. Two years. Personal credit score. Around 600, but as low as 500
Bankrate insight. Kiva is a hybrid platform that combines peer-to-peer lending with crowdfunding. You can get loans up to $15,000 with no interest. But you’ll need to pitch your business funding ...
Lender. Best for. Bankrate score. Lendio. Fast and easy business loans. 4.6. OnDeck. Easy short-term lines of credit. 4.6. Fundible. Easy business loans for bad credit
Microloans are business loans offered in low loan amounts, such as $50,000. Microlenders often cater to disadvantaged businesses that can’t find traditional financing elsewhere.
Key takeaways. Bank loans are great for low interest rates, but online lenders may be more accessible to self-employed business owners. Lenders look for steady revenue, often at least $100,000 ...
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