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Openai/78a8e95a-25e0-45fb-bfd6-abca73ca13b0
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===== 1. Traditional Banks: - Bank of America, Wells Fargo, JPMorgan Chase: Offer small business loans and lines of credit. Look for loans specifically geared toward startups and community businesses. ===== # Credit Unions: - Often have more favorable terms for small business loans compared to traditional banks. Examples include Navy Federal Credit Union and State Employees' Credit Union. # Small Business Administration (SBA): - SBA 7(a) Loans: Suitable for new businesses needing working capital, purchasing equipment, or buying real estate. - SBA Microloans: For smaller loan amounts up to $50,000. # Community Development Financial Institutions (CDFIs): - CDFIs like Opportunity Finance Network and Local Initiatives Support Corporation (LISC) provide loans and investments to community-focused businesses. # Online Lenders: - Kabbage, OnDeck, Funding Circle: Offer fast and flexible funding options for small businesses.
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