Getting rejected for a small business loan can be frustrating, but getting rejected after weeks and weeks of waiting for an answer can be worse. With many traditional business lenders, business loan decisions could take weeks.
In order to get quicker decisions, many small business owners are turning to online lenders, who offer simple application processes and in many cases, decisions within just days. Another way to enjoy faster access to funds is with a business line of credit. While applications for business lines of credit can vary based on lender, once you have one, access to cash can be much simpler.