Business Funding Applications
$25,000 – $500,000
1 – 5 Years
$5,000 – $300,000
4 – 24 Months
$5,000 – $100,000
1 – 2 Years
Up to $250,000
Up to $200,000
1 – 12 Months
Actual offers vary based on your application information and lender.
Apply for Business Loans
If you’ve never applied for a business loan before, there are a few steps you’ll need to take before you submit your application. Following the general steps below can help increase the likelihood of getting approved for the working capital your business needs.
Look at different lenders that offer that type of loan:
Once you’ve determined the kind of loan you want to apply for, look for business lenders that are offering that particular loan. Review each lender’s rates and terms, especially APR and repayment options, and compare all the options.
Determine your possible eligibility:
Closely review the lenders’ qualifications. If there are qualifications your business will not meet, move on to the next lender. Save your time by applying only with lenders whose qualifications you can meet.
Fill out and send in your application:
The final step will be completing and submitting applications to the lenders of your choice. As a small business owner, you’ll need to have various information about your business in order to fill out the applications, like how long your business has been open and what your annual profit margins are.
Business Loan Application Checklist
If you’re ready to fill out your business loan application, use the following checklist to make sure you have all the information you need at hand.
- Business details (address, phone number, etc.)
- Loan amount desired
- Reason you require funding (business plan)
- Balance of debts
- History of business loan applications
- Personal credit report
- Property lease
- Business credit report
- Income tax returns
- Personal financial statements for anyone with 20% stake or more in your business
- Bank statements, including, but not limited to, income statements, cash flow, balance sheets, etc.
- Records of accounts receivable and payable
- Contracts with third parties
- Business license
- Franchise agreement (if applicable)
- Articles of incorporation (if applicable)
- Personal credit report
How The Business Backer Can Help
The Business Backer is dedicated to providing small businesses with tailored funding solutions to fit their individual needs. Having helped thousands of small businesses across the country, we’re confident we can help you reach your business goals.
We offer our own in-house funding options and provide up to eight other trusted funding solutions through our True Relationship NetworkTM. It’s our way of ensuring the right funding fit for your business, even if it’s not our own product. We’ll also match you with one of our Funding Advisors who will work closely with you, learning about your business and your financial goals. They’ll help match you with the best financing solution possible.