Accessing and structuring capital – Know these types of business loans
Abstract: Many business owners find that they need to seek outside sources for the capital required to keep their companies running smoothly. Not surprisingly, the first place they turn to is their bank. But it’s a good idea to first get up to speed on the different types of capital, or business loans, that banks typically offer. This article describes the different types of bank loans — including lines of credit, term loans and equipment leases — along with alternative financing arrangements. A sidebar offers four tips to help in getting a loan.