It’s not common knowledge that you can actually use a personal loan for business purposes. Personal loans are especially helpful for new businesses without established business histories, and often have lower interest rates than many business loans—making them a great option for young companies looking for financing.
Can be much less expensive than a business loan
Great for customers with limited business history
Repaid monthly rather than weekly or daily
$35,000
3 to 5 years
5.99 – 36% APR
As little as 1 day