Conventional lenders or nonbank lenders, which should you choose?
That’s a question many small business owners ask themselves. There’s no right or wrong answer, but here are a few differences to keep in mind.
Banks are often able to offer competitive rates and terms. That said, the application, approval and funding processes can take some time. Additionally, you may be required to offer specific collateral to secure your loan.
On the other hand, online nonbank lenders are known to offer streamlined applications, less stringent approval requirements and speedy funding, sometimes as fast as the day after approval. Financing offers are often short-term, have more frequent payments and higher interest rates.
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Whether you’re in search of an SBA Nebraska lender or other business loan provider, we can help.
Submit our easy online application in just a few steps. It takes just minutes to complete.
We work with various lending partners throughout the country, which means your single application could return multiple offers.
You’ll have a dedicated Business Advisor helping you throughout the process.
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