Business loans: plain-English answers
Business loans are the traditional path — the cheapest capital, the slowest process, and the tightest credit box. Here's what actually qualifies, how long it really takes, and when it beats an MCA or line of credit.
What is a business loan?
A lump-sum advance repaid on a fixed schedule with interest — the traditional, cheapest path to capital.
Can I get a business loan with bad credit?
Yes — through revenue-based lenders, MCAs, and secured products. Bank and SBA doors close under ~650 FICO.
SBA loan vs conventional bank loan: which is right?
SBA is cheaper and longer-term but slow. Conventional is faster if your bank already knows you.
How long does a business loan actually take?
MCA: 1–3 days. Online term loan: 3–7 days. Bank: 2–6 weeks. SBA 7(a): 45–90 days.