Features:
- Reasonable interest rates (8-18%)
- Favorable repayment terms
- Good way to establish business credit
- Available for many uses
- Collateral usually not required
Things to consider:
- Limited to businesses with 5 or fewer employees
- Small loan amounts, average $6000
- Extensive paperwork required
- Past credit issues can still disqualify you
- You may have to take a business training class