Get a Business Loan from a Small Bank or Big Bank?
Unless you’ve got a money farm, getting a business loan is one of the first steps for all new businesses in getting off the ground. One common question that is asked is, ‘is it better to get a business loan from a small bank or big bank?’
The truth of the matter is that there are advantages and disadvantages to each option. Large banks usually have lower interests rates, while small banks don’t rely as heavily on a borrower’s credit score for approval.
Learn more about the pros and cons of each option to help you decide what is best for your business in this article from Business.comblog.