Introduction to BUSINESS LOANS

Business loans for small, medium, and large businesses are especially hard to find since the Great Recession of late 2008. The "credit crunch" as it was called by the media and the talking heads hit small business owners (and start up business owners) the hardest. It didn't matter how good the business plan was, or how wide open the market was, the banks couldn't lend - and some cases they could lend the money, but they wouldn't risk any kind of capital financing. This of course made things worse for the economy as a whole.

Our goal at OLF is to find and document all of the banks, credit unions, and capital lending organizations whom still approve loans to small and medium sized businesses. We won't bother covering large business capital because those big boys play in a completely different financial arena.

Collateral Security for Business Loans

Whenever you start a business and require a loan from a bank or private lender - they want you to have some form of security on the note - collateral. Of course banks want you to provide your home equity on your business loan because they don't want to take any chances of losing their investment in you and your dream of self employment.

Our mission here at OLF is to find banks who specialize in small and medium business capital financing. This is not as easy as you might think. Most banks won't take any chances on a new idea unless there is rock solid security (as mentioned above), but there are private lenders who do hard money loans as long as the business owner(s) are willing to invest in the venture as well.

To explore some of the different options for a business loan. browse through our web site to read some of the ideas our team of writers have come up with.

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