How To Get A Small Business Loan With LendSpark
Small businesses, defined by The Office of Advocacy as an independent business having fewer than 500 employees, make up 90% of the businesses in the United States. Small businesses are responsible for 52 percent of all U.S. sales and contribute about 21 percent of all manufactured U.S. exports. Small businesses employ 54.4 million people, which accumulates to about 57.3 percent of the entire private workforce. If you are looking to start a small business here in the United States, you are most likely asking yourself where and how to get a sba loan. Well, have you ever heard of LendSpark?
LendSpark funds US based businesses; we offer new business funding which includes short term loans and long term loans. Let us make this clear; We do not fund personal loans or real estate loans. We fund start-ups because we understand that funding a start up largely effects the future success rates of your business. LendSpark is a Direct Lender for financing. Consider the facts.
Today, small businesses are in a much better and stronger position than they were just a few years ago. There was once a time where nearly nobody knew how to get a sba loan. The lending of loans to small businesses increased by four-tenths (0.4) of a percent, from $584.1 billion in September 2011 to $586 billion by the end of 2012. According to the U.S. Small Business Administration, small business lending increased by 10.4% in 2013. In December 2013 just 32% of small businesses were able to meet and satisfy their need for borrowed capital. According to a study found by The Wells Fargo Small Business Index, the average small business owner uses about $10,000 as start up capital. For small business loans, the maximum loan size reported is $1 million.
At LendSpark, we acknowledge and adapt to your need for new start up business loans. Visit us online to learn more about start up loans for a small business, explore small business funding options, and glance at the sba loan application to decide if LendSpark can help you and your business grow. Ger more information on this topic here: www.lendspark.com More like this.
