Business growth often goes hand-in-hand with new expenses. Getting a small business loan or line can provide you with the financing you need to manage cash flow, cover the cost of an expansion or new equipment. Citizens Bank provides small business mortgages with benefits like flexible terms and generous borrowing limits to help you further expand or refinance your current property; and term loans and SBA loans that can help you purchase assets, including inventory. Small business lending is available with short- or long-term financing options, and may be financed with different types of collateral. Explore the small business financing options below to find out how to get small business credit that is best suited to your business plan.
Any extension of credit shall be subject to the credit approval policy of Citizens Bank. Additional terms and conditions shall apply including but not limited to the completion and submission of the Citizens Bank credit application. Nothing in article shall be deemed an offer, approval or commitment of credit of any kind. All of the terms and conditions in this article are subject to change at any time at the discretion of Citizens Bank.
Getting a small business loan for a new business that has limited credit history is typically more difficult than getting a small business loan as a business with an established credit history. However, because SBA loans and lines are backed by the government, businesses with limited credit may qualify for SBA lending.
There are many small business lending options available. Your established credit and the specifics of what you are financing will impact which small business loan options are best for your unique situation. Our team of Business Banking Professionals can help you find the best borrowing solution for your company. Call 1-800-4BUSINESS to speak to a qualified representative and learn how to get a small business loan or business line of credit.