The first step in getting business funding is determining how much financing you require. To do this, calculate your expenses and produce a firm number. Since you'll owe interest on what you borrow, you can keep costs low by financing only what you need and no more.

Do you need financing for a big purchase? Do you need it for cash flow gaps? Different expenses call for different types of financing. A term loan provides funding in a lump sum and is best for large, one-time costs. A line of credit lets you borrow as needed from available funds and is the best for recurring expenses. 

Research lenders who provide financing for borrowers with your credit profile. cost is important, but consider other factors too. How is their customer service? How quickly do they provide funding? 

Before you apply, check to see what documents the lender requires. This varies, but it typically includes your an application, most recent 4 months business bank statements, Driver's License, Voided Check, and EIN Letter.

Before you accept a financing offer, carefully review the rates and terms of the product. Ensure that the repayment schedule fits your budget - now and in the future.