Intro to Small Business Loans

This is an introduction to the fundamentals of loans, including different types of loans, how to apply for a loan, and the factors that lenders consider when approving loans. Students will also learn about interest rates, repayment plans and how to manage loan payments. This is ideal for anyone looking to understand how loans work and how to make informed borrowing decisions. 00:49 What funders want to know 01:53 Different types of loans 05:37 Different types of SBA loans 09:51 Benefits of SBA loans 10:22 How to prepare to talk to lenders 11:07 Personal vs. business credit scores 12:33 Financial documents lenders ask for 13:34 Preparing for the application 16:44 Loan repayment terms 17:50 Researching lenders 19:00 Problems getting loans and solutions 19:39 Summary and reminders This video is from the Small Business Education Program. Visit our webpage for resources, upcoming classes, and more: extension.unr.edu/BusDev UNR Extension Presenter: Brenda Bryant The Small Business Education Program is part of the University of Nevada Extension’s Community and Economic Development Team. The Small Business Education Program aims to instruct small business owners and entrepreneurs about fundamental business concepts while providing access and direction to informational resources. The program team is bilingual in English and Spanish and strives to deliver as much content as possible in both languages. Do you have an idea for a future video? Do you have a business concept that you’d like to see explained? Please comment below or send us a message through the contact form found on our webpage: extension.unr.edu/BusDev Don’t forget to like and follow us on Facebook: facebook.com/UNRExtension