Your Guide to Florida Small Business Loans

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Your Guide to Florida Small Business Loans
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Types of Loans Available to Florida Small
Businesses
Florida business owners have access to many types
of business loans. Many municipalities offer loan
programs, so if youre looking for Miami business
loans or Tampa business loans, its best to
contact your local Chamber of Commerce or search
small business loans near me or small business
loans Florida on Google.
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Generally speaking, however, Florida
entrepreneurs have access to many types of loans.
Some of the most common business loan types
include

• Term loans Lump-sum payments made to a business
  by a business bank, credit union, or online
  lender in exchange for a repayment schedule that
  includes interest.
• Commercial real estate loans Loans designed to
  help small businesses acquire or build property
  for commercial use.

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• Working capital loans These short-term loans
  help your business cover operating expenses and
  may come in the form of business lines of credit,
  invoice financing, merchant cash advances (MCAs),
  and other arrangements.
• Equipment financing loans Equipment loans help
  small businesses acquire equipment necessary to
  operate.

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• SBA loans Loans that are partially guaranteed by
  the U.S. Small Business Administration (SBA).
  There are several SBA loan programs that well go
  into below.
• Business credit card While credit cards arent
  exactly a loan, they do allow businesses to spend
  money now and pay it back later after theyve
  earned revenue.

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Guide to Getting a Business Loan in Florida

• Small business loans in Florida work just like
  they do in other states. To get a loan, follow
  these steps
• Determine your business needs How much money
  your business needs and how it plans to use the
  money will dictate whether you pursue a long-term
  loan or a shorter-term solution like a business
  line of credit.

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• Shop lenders There are many different lenders
  available depending on the type of loan your
  business pursues. Remember to shop loan options,
  interest rates, and repayment terms between
  lenders.
• Apply Some lenders may allow you to complete the
  entire loan application process online, others
  may require you to come into an office.

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• Gather documents Depending on the lender and
  loan product, you may need different documents.
  Generally, though, youll need the basic
  information about the business and business
  owners, plus annual financial reports, tax
  returns, and a business plan to prove your
  creditworthiness to a lender. Youll also need to
  submit to a credit check and possibly have
  collateral available to secure the loan.

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Why Choose Biz2Credit?

• Trusted partner for franchise funding
• Biz2Credit was founded in 2007 and has provided
  more than 10 billion in loans.
• Dedicated support team
• Tailored financing solutions

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