What Are the Types of New Business Loans? [infographic]

Launching a new business is exciting, but these ventures often require substantial capital to get started. Understanding the different types of new business loans can help you make the best financial decision for your startup. At TB Capital Partners, we specialize in providing new business loans tailored to entrepreneurs.

• Startup Loans. Startup loans are designed to help new businesses cover initial expenses. Whether you need inventory, equipment, or working capital funding, startup loans provide the financial support necessary to launch your business. These loans often have flexible terms, making them an attractive option for entrepreneurs who need to manage cash flow during the early stages of their business.

• Equipment Financing. Equipment financing might be the right choice if your new business requires specialized equipment. This loan lets you purchase or lease the necessary equipment without depleting your cash reserves. The equipment often serves as collateral, making qualifying for this loan easier.

• SBA Loans. Small Business Administration loans are popular for new businesses because they have favorable terms and lower interest rates. The government partially guarantees these loans, reducing the risk for lenders and making it easier for new companies to qualify. SBA loans can be used for working capital, purchasing real estate, or refinancing existing debt.

Securing the correct type of loan is crucial for the success of your new business, and we will be happy to speak with you about the range of new business loans we offer that are designed to meet the specific needs of your startup. Contact us today to learn more about how our loan options help you realize your business dreams.