Securing a business loan is multi-faceted proposition. You must determine how much you need, where you want to borrow, and then -- there's the application. But it doesn't have to be a daunting process. Inc.com has broken it down for you, with this collection of articles to help you understand the ins and outs of borrowing. From the application process to choosing what lenders to approach -- including the SBA -- we've assembled our best resources to help you secure a loan for your business.
Whether you borrow money from a bank or someone you know, you should sign a promissory note -- a legally binding contract in which you promise to repay the money.
Generally, interest on business loans is fully deductible against business income. But there are some limits on business-related interest deductions to consider.
By understanding what the Small Business Adminstration does and doesn't do, business owners can be in a better position to take advantage of this often misunderstood government program.
