Banks haven’t made the situation any easier, cutting back on small business loans and making the application and approval process much more difficult. And that’s why so many small business owners come to us.  At 1 Business Loan (1BusinessLoans.com), we’ve taken the small business loan process and simplified it.

Speaking of keeping costs low, out interest rates and payment options do just that.  We realize that business owners need flexibility and need to keep costs manageable, and we make it possible with excellent rates and flexible terms.

Minority Owned Business funding

Access to the funding needed to start a business is almost always an issue, especially with those owned by African, Hispanic (Latino), or Asian Americans, who are more likely to lack the financial resources necessary to achieve adequate capitalization.  A 2000 report published by the U.S. Minority Business Development Agency concludes that the growth of Minority Business Enterprises (MBE or MWBE) has contributed to the strong growth of the U.S. economy, but that growth cannot continue without removing capital formation constraints.

There two basic ways to fund a business:  debt and equity.  Debt financing involves borrowing funds from a lender with the promise to repay.   Loans can come from friends and family, or from lenders in the public or private sector.

By far, the most popular small business lending source in the public sector is the Small Business Administration.  The SBA does not actually make loans – they merely guarantee that the borrower will repay the loan back to the lender, typically a bank.  Therefore it makes sense to look first to a bank who is a certified or preferred SBA lender.  Click here to see which banks do the most SBA lending.  Most of the SBA’s programs are oriented toward small businesses in general, however their Prequalification Pilot Loan Program is focused on MBE or MWBE firms.

Equity financing means funds are raised by selling a share in the business to investors.  At the startup and infancy stages of a new venture, investors are typically friends and family of the founders.  The next stage of financing often comes from “Angel” investors, who are individuals willing to invest their own money in new ventures, usually in the range of $20,000 to $100,000 per venture.  If you are looking for Angel investors, check out Active Capital, Keiretsu Forum, and AngelList.

The next stage of equity funding will typically come from “Venture Capital” firms, whose business it is to find high potential ventures to invest money raised from individuals, companies, or other financial institutions.  As with Angel investors, VC firms vary greatly in terms of areas of interest and size of investment.  In general, most VC’s are looking for deals over $1,000,000.

We pride ourselves on our easy application process, high approval rates and flexible payment terms. At 1 Business Loans.com, we are dedicated to helping small and medium-sized business owners to not just survive, but thrive.

No matter what type of business you own, from retail to service, medical and online, we have the financial products you need to be successful and we make it easy to get the financial help you need.

If you have any questions, would like to talk to one of our friendly representatives, or need cash fast for your business, contact us today and we’ll take care of you promptly and with great pleasure.

Call us at 888.281.0678 or visit us online at www.1businessloans.com

1 Business Loans (1businessloans.com) …We’re here when you need us!