What do you guys use for lending?
Other than the stripe line of credit, the hat are some good options for loans you guys are utilizing? It would be helpful if you care to share details, like how much you borrowed and the terms.
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2 Replies
- Local Bank or Credit Union: Builds a personal relationship with a lender for future funding.
- SBA Loans: Best for businesses with a solid plan and some operational history.
- Kabbage: Ideal for managing cash flow or short-term expenses.
- Bluevine: Known for fast approvals and funding.
- PayPal Working Capital: Best for businesses already using PayPal for transactions.
Going to the bank you have your business account with and make deposits at and applying for a line of credit would be my #1 choice. That is what we do and as we grow we apply for increases.
Yes bank credit lines are great, but often have low limits & for newer businesses very hard to obtain. & this is for many different reasons. As a broker my company has many different outlets for funding depending on what you need it for & the best way for your business to grow.
