Wells Fargo Small Business Loans
A lot of times people have great ideas which they cannot make into reality because of their lack of funding. This is an obstacle for a lot of people who want to start a business and have a great business idea and an even better business plan but no money to finance it. This is where small business loans come in. With a small business loan you can set up your business and be done with it.
What are small business loans
Small business loans tend to help people set up their businesses. These only apply to businesses which are not that big and are going to have a small set up when they start initially. At times a small business loan can also come in handy for a company that is small in size but is in dire need of an inflow of finances hence with Wells Fargo Small Business Loans, companies can manage to stay afloat through the rough times and then pay back the loan slowly when things start to get better.
Specifics of Wells Fargo Small Business Loans
There are two types of Wells Fargo Small Business Loans that you can opt for; unsecured and equipment express loan. The Unsecured loan ranges from an amount of $10,000 to $100,000 and the contract term can last between one year to five years. There is no collateral required for this loan and the APR is fixed as well. While the equipment express loan also has an amount of $10,000 to $100,000, the APR may differ according to the equipment you are getting with the loan.
The Wells Fargo Small Business Loans are incredibly popular amongst small business owners because the terms of the loan are quite agreeable for a lot of people.
About Wells Fargo
Wells Fargo, the bank which offers Wells Fargo Small Business Loans is one of the most popular financial institutions in the country. It was founded in 1852 and is one of the oldest financial institutions which is still successfully operating. Their headquarters are located in city of San Francisco, America.