Multiple Loan Types
We are dedicated to getting you the business funding you need. Nothing is more important than your business and we understand that.
RI small business loans come in a variety of options.
We here at RIloan are dedicated to making sure you are an informed borrower and you receive the loan you need for the specialized around the exact situation you are in. Below we provide you some information on the different types of business loans out there.
Get a lump sum of cash upfront. Then simply repay with interest over a fixed period of time.
Typically last between one and ten years.
Amounts of up to $1 million from online lenders whose loans are funded much faster than banks.
Borrow up to a certain limit and pay only pay interest on the money borrow. Works similar to a credit card.
Is a more flexible loan than a term loan.
Much like a credit card you can keep reusing and repaying the line of credit as often as you like up till your credit limit.
Borrowing limits usually range from $1,000 to $250,000.
Works like a term loan, where there is a set loan term and rate. But There is no collateral needed for this type of loan.
After applying lenders determine your credit worthiness and then offers you a rate based on your parameters. Works like any other loan.
This is a loan to help you buy equipment for your business. The terms of these loans are usually the length of the expected lifetime of the equipment.
The collateral for equipment loans are typically the equipment itself. Value of the equipment as well as the strength of the business will determine the rates on equipment loans.
Getting the capital your business needs is simple. With our wide network of lenders, RIloan is the best place to get a small business loan in Rhode Island. We make finding you the best small business loans in Rhode Island simple, fast and convenient. Get your loan application process started today.
We know running a business requires your full commitment and that time is a valuable resource. Thankfully Rhode Island Loan did our homework so you dont have to. Simply and easily compare business lenders in Rhode Island. See what loan types lenders are offering, their rates and more information on each lender.
Our industry experts have compiled a database of business lenders ready to fund your business now. These lenders offer multiple different types of business loans or use our Rhode Island business loan calculator to calculate your rates.
We know that trying to navigate your way through getting a loan can be a difficult and confusing process. Thankfully we have developed a loan connection system to get you your ideal loan. Get Started Today.
>We did our research so you don't have to. It is important to be an informed consumer, we have all the information you need to make a great decision on the funding of your business. Below is some more information on business loans in Rhode Island.