Business Line of Credit, Term Loans, and – Can someone please explain my loan options? [Infographic]

Business Line of Credit, Term Loans, and – Can someone please explain my loan options? [Infographic]

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Visioning and strategizing for 2015 is over – it’s time to execute on the metrics and goals laid forth. However, small and medium-sized businesses (SMBs) require financing to shift their company forward. The definitions, terms, and processes involved in obtaining a loan – and even understanding the available options – are extremely daunting, nerve-wracking, and paralyzing. The emotions are real, and it’s because you deeply care about your business.

Small businesses need to be equipped with a comprehensive understanding of the diverse loan options available (and unavailable) to them, as the growing alternative lending space may add more value to their business, but also add more confusion to the process. From “principal” to “amortization,” to “SBA lender” or “asset-based line of credit,” SMB borrowers often like visualizing the big picture when it comes to their loan options.

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In an effort to bring transparency to small business lending, Dealstruck has laid out the basics of each product category to give borrowers a starting point for understanding their loan options.

Check it out.

Infographic created by Dealstruck

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About the Author — Lydia serves as Content Manager for Nav, which provides business owners with simple tools to build business credit and access to lending options based on their credit scores and needs.

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