Starting a small business in The United States of America is a dream for many people. Ideas such as an intercultural food store or a restaurant in the United States are brilliant. The many cultures we see in our neighborhoods are a representation of the need for food stores and restaurant opportunities.

An Intercultural community represents a lot of business opportunities because we differ in our daily needs and daily life events . So a food store , a restaurant or any other Idea that you are passionate about is an Ideal business in the USA .
But how do you get started? You probably don’t have a space and need the money for the lease , buying equipment and food, doing your marketing, and hiring staff all on your own. Where can you get the money?
We have good news for you! There are a lot of loan programs that are perfectly designed for the Startups in all industries that you can imagine.
Here are a few of them.
Traditional Loan
A typical way for most businesses to go. But It is a very tricky process and requires a lot of Information. You will surely need a “business plan” , “Very good Credit score” and a “ Financial statement”.
Business owners are very attracted to this specific program because once you are approved, You get a very low interest rate.The lender must have confidence in getting the money back on time and perceive you as a good investment to be qualified.
It really takes a long time to get the answer from the lender and you might be rejected more than once. depending on how soon you need to start your business, This is one way to get funded.
SBA Loans
“The 7(a) loan program, the SBA's primary program for providing financial assistance” to small businesses is the best option for your Small business, because the loan is backed by the Small Business Administration. The SBA loan program gives guarantees to the lender and reduces the worries about the investment riskiness. The leaders are willing to give you a chance and your small business.
For most 7(a) loan programs, the SBA can guarantee up to 85 percent of loans of $150,000 or less, and up to 75 percent of loans above $150,000.
Most of the time, The SBA loans are not made for businesses that have not started yet or just getting off the ground. The lenders want businesses that have a lifetime of existence at least two years with a good credit score.
Depending on where you applied, in some places the Pre-qualification can take a few minutes. If everything goes well you can get the cash in your Bank account in 5 to 10 business days. The process is not very different from the Traditional Loan. You will show your profit and loss statements, balance sheets, and other documents, but Most of the time you don’t need to show a full business plan.
Click on the link below to learn more about SBA loan.
https://www.pkbusinessfunding.com/sba-loans
Term Loans
A term loan is a type of advance that comes with a fixed duration for repayment, a fixed amount as loan, a repayment schedule as well as a predetermined interest rate. A borrower can opt for a fixed or floating rate of interest for repayment of the advance.
The requirement for this loan, you should be in the business for a couple of years, but it is generally easier to get than an SBA loan. Term loan is faster to obtain money, but the repayment time will be shorter and has strict approval procedures, including seeing your tax returns, credit score, your profit , loss and other financial data reports.
Click on the link below to learn more about Term loan.
https://www.pkbusinessfunding.com/long-term
Equipment Financing
Let’s say you own a small store that is currently operating, but you need a new large freezer . Equipment Financing is a great program for that, the process is very quick. They can approve your request in 24hours, and funding can get to you in the same day or a day after approval. All you need is the cost of the equipment and the proof , you will also show your credit score.
Click on the link below to learn more about Equipment Financing. https://www.pkbusinessfunding.com/copy-of-business-line-of-credit
Line of Credit
A line of credit is a flexible loan that you can access and repay either immediately or over time. A line of credit is great for a small business because it is transferred into your checking account and spent as you want . It comes in the form of a credit card . You can use it for regular purchases like inventory.
A line of credit is approved as fast as 24hours , and you can access the funds real quick .
Click on the link below to learn more about line of credit. https://www.pkbusinessfunding.com/business-line-of-credit
Working Capital /Invoice Factory
The Working Capital / Invoice Factory is probably the easiest funding to get with very low requirements , only 6 months in business , $15k month in revenue, and a 551 credit score or very low than this depending on where you are applying.
The Working Capital / Invoice Factory is the money given to a company and used to cover all of a company's short-term expenses, which are due within one year. It is used to purchase inventory, pay short-term debt, and day-to-day operating expenses.The repayment terms and the amount is set by agreement between the borrower and the lender. It can be daily or weekly repayment depending on your agreement.
The Working Capital / Invoice Factory was designed to give businesses, who would not be qualified to the bank, an opportunity to have working capital. But you should also keep in mind that this funding is more costly than other options.
Click on the link below to learn more about Working Capital / Invoice Factory. https://www.pkbusinessfunding.com/working-capital
Credit Cards
These options can be a very good deal to finance a startup , because they have very low requirements. you don’t need to have a revenue , They just require a 670 personal credit score. You can also qualify with a lower credit score but you will pay a higher interest rate.
. One thing to keep in mind, like any other loan, be prepared before you take a loan . Giving you $35,000 to start your business with a low interest rate may sound like a great deal. always have a plan B of where to get the payment For your credit if your business does not make money as planned . Because missing a payment comes with a penalty and might highly increase your interest rate and damage your credit score.
Click on the link below to learn more about Credit Cards.