How Hard is it to Get a Small Business Loan?

Securing financing for any business is a major hurdle. Even when the economy is strong, banks cast a wary eye on entrepreneurship. For those of you wondering how hard is it to get a small business loan we’ve prepared a guide to help you prepare for and the steps to take when applying for financing.

explaining how hard it is to get a small business loan

How to Get a Small Business Loan

  • Traditional Bank Criteria: Lending standards vary with the institution. Before you apply be aware that the following are factors under consideration at conventional lending institutions for every applicant.
    • Loan Collateral
    • Personal and business credit history
    • Financial statements for applicant and applicant’s business as well as financial projections for said business.
    • Business plan
    • Personal guaranties from business principals
  • Getting a Loan at National Business Capital & Services:
    • Limited Documents
    • Not solely based on personal or business credit
    • No financials required
    • No business plan needed
    • Approvals within 24 hours and funding within days

Make sure you see us first! If you have poor credit history or have been previously been turned down by a traditional bank we can help. We approve 90% of loan applications we receive.

How to Apply for Easier Small Business Loans

Even if you have only been in business for 6 months and need to know how to get a small business loan, we can help you obtain financing with our simple and FAST application process.

For more information, fill out our application form or call us at (877) 482-3008.

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!


About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.