The Small Business Administration is a great service for entrepreneurs. They connect you with a wide array of lenders and will guarantee up to 85% of your loan. Loans can go as high as $5 million and rates can be as low as 4%.
Sometimes navigating the site was difficult and before you had to contact an SBA representative to get the ball rolling. Now they have LINC, an online referral tool that connects borrowers with participating SBA lenders. You answer a short online questionnaire and SBA lenders will contact you within 48 hours.
I filled one out for my client yesterday and got three bank emails already. Check it out once you are ready to start looking for financing.
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