River Valley Loans

www.rivervalleyloans247.com/

Business loans have strict requirements, so it may be easier to qualify for a personal loan in some cases. Typical requirements include a personal credit score of at least 580, verification of your income and proof of identity, but they can vary from lender to lender. If you can’t qualify for a personal loan, you could consider getting a co-signer who agrees to take responsibility for the loan if you cannot repay it.

Applications for personal loans tend to be fairly short, with more lenient requirements compared to the documents and information needed for a business loan. That said, checking the fine print and speaking with your lender to ensure you can use the loan for business is always a good idea, as some personal loans may have usage restrictions.

If approved, you’ll receive the funds — often within a few days — and can use them for your business needs.