1. Not All Loans Are Created Equal—Understand the Types First Most new entrepreneurs don’t realize how many types of loans are out there, and they often chase the wrong one for their stage. There are term loans, business lines of credit, SBA loans, microloans, and equipment financing, just to name a few. Some are great for buying inventory, others for building working capital, and others for startup costs. Explain each type simply and include how they’re typically used. Fo...
Show more...