Thanks!
Traditional banks don't generally make loans for less than
$25,000. There are however other options. Which
is best for you is going to depend on your personal credit
score, time in business, and business revenues.
Here's what you need to know:
Credit Cards:
If your personal credit score is above 700 then surprisingly
credit cards are likely going to be your cheapest source of
financing for amounts less than $25K.
We recommend checking out our review of the best small business credit cards. 0% APR, cash back, travel rewards,
introductory bonus offers - find the perfect card
for your business.
Kabbage
If you've been in business for more than 1 year, are doing
more than $3500 a month in revenues, and have a credit score
above 550, we recommend
applying to Kabbage.
Kabbage
offers a line of credit that works like a credit card, but
has less stringent personal credit score requirements than
most credit card companies.
Fundbox
If you send out invoices to other Business or Government
clients,
Fundbox
will give you money today for invoices that are due in 30,
60, or 90 days.
Learn more at Fundbox.com.
Have questions? Email us at info@fitsmallbusiness.com.