Report post

What is a down payment for a business loan?

A down payment for a business loan, also sometimes referred to as an equity injection, is a lump sum of money that you, the borrower, brings to the table. A down payment is a risk mitigant for a lender.

Does a small business need a down payment?

Some SBA loans, banks and even online lenders may require a down payment of 10 to 30 percent. Research lenders and ensure your business can meet a down payment in addition to monthly payments. What is the typical down payment on a small business loan?

Do online business loans require a down payment?

Online business loans and the very common term loans generally do not require a down payment, though they may require collateral. Some of the most desirable business loans on the market, however, are offered by the Small Business Association (SBA), and these typically require a 10% to 20% down payment.

The World's Leading Crypto Trading Platform

Get my welcome gifts