5 Things You NEED to Get Your First Business Loan | NerdWallet

So, you’re running your small business, but you need more capital to take things to the next level. It might be time to get your first business loan, but what impacts getting approved for a business loan? Small Business Nerd Randa Kriss shares 7 key factors that go into getting approved for a business loan along with detailed explanations and tips to help you on getting your first business loan.

Suggested Articles:
How to Apply for and Get a Business Loan in 6 Steps:
Business Loan Requirements: 7 Things You’ll Need to Qualify:

0:00 – Intro
0:22 – Factors That Go Into Your First Business Loan
0:32 – Credit Score
2:00 – Time In Business
2:20 – Business Finances
2:51 – Business Plan
3:34 – Collateral

#NerdWallet #BusinessLoan #HowTo

Subscribe to NerdWallet –

About NerdWallet:
We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.

Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.

Connect with NerdWallet:
Follow NerdWallet on TikTok:
Follow NerdWallet on Instagram:
Follow NerdWallet on Twitter:
Follow NerdWallet on Facebook:
NerdWallet Website:

5 Things You NEED to Get Your First Business Loan | NerdWallet

Team Monter Ventures Castelan

Verified by MonsterInsights