Business financing is hard to get for startups and smaller enterprises. With lenders apprehensive in agreeing to extend $10,000, $50,000 or $250,000 to small businesses – that is, unless they’re backed by bigger firms or well-known names. Until you find a venture capitalist whose name begins with Jeff or Bill, you may need to search for either alternative tools inside a bank (lines of credit or credit cards) and alternative outlets outside the traditional banking system (merchant financing or P2P lending).

Here are eight types of business loans that tech startups need to know:

1. Line Of Credit

2. Invoice factoring
3. Business credit card
4. Term Loan

Please read the full structured post at https://www.newstractor.com.ng/8-types-of-business-loans-for-tech-startups