Hey! Here's what I recommend to small business owners:Decide if you want debt financing, equity financing, friends and family financing, or crowdfunding. James provides some good advice on crowdfunding below. Crowdfunding can take a lot of time and is a bit saturated. For the right businesses (in my opinion product-based businesses do best) it makes sense. Equity financing is also tough, but works great for startups--companies that intend to become quite large. Friends and family are a popular choice, but may not be an option, or if it they are, keep in mind the cons. Borrowing from those closest to you can be tough. That leaves debt financing--which is what you referenced specifically. It's a pretty solid choice, assuming your business is producing the funds to pay it off. Here's a good workflow:1. Start at your local bank. Bank loans have the lowest-rates, and if you can qualify for a bank loan, you should get a bank loan. The only time this wouldn't be the case is if you need the funds fast. Bank loans can take sometime to process. So, go with the bank. If you are denied, or need cash fast, your next best bet is to go online.2. Be careful when you shop for loans online. There's a lot of great lenders out there, and some not-so great. Read reviews. Do your research. But most importantly, SHOP! Unless you qualify for an SBA loan out of the gate, shop. I work for a company that operates as a marketplace for small business loans, so I obviously strongly believe in the value of shopping. But, the reason being is that some of the best and most popular online lenders offer loans that are pretty expensive (especially in the short-term loan category). These can be great options for the right business owners. But, if you can qualify for something cheaper, like an SBA loan or a longer-term loan, that's the product you should be taking. 3. The factors that are going to influence your offers the most will be your personal credit score, your business's revenue, your cash flow, and the age of your business (your options are best once your 2+ years in age). If you know you're less than stellar in one of these categories, this could affect your rates. I think it's good to have your expectations set going in.4. A few "good to knows" are that it is hard to qualify for a loan amount greater than 15% of your annual revenue and that usually, the length of a loan application represents the rates the lender offers. If all it takes to apply are 3 months bank statements, you're looking at a more expensive product. If you have to submit a decent amount of financials, from tax returns to P&Ls to Balance Sheets and more, then you're probably looking at a lower-cost product.5. Last bit of advice I'd give is to always ask what the APR is. This is the best way to compare different loan products. And, always ask the prepayment terms, in case you decide to pay the loan off early.I'm happy to answer follow up questions if you have a specific obstacle you're dealing with such as time in business, your personal credit score, etc. If you're wanting more info, I also put together this gigantic checklist for any business owner considering financing. It covers almost everything, and is a great tool no matter where you apply for a loan: Find Your Small Business Loan Best of luck!