The Importance of Understanding Small Business Loan Terminology

COVID-19 has made a significant impact on the economy. These are clearly unprecedented times, and many business owners are responding to the situation with measures that might be a first for them. To survive this storm, you may have been led to apply for a small business loan. While this is a great solution to help push you through this time, it may not be your area of expertise—you’re not alone in that. At First Liberty, we want to be a resource for business owners during this time. If you’re overwhelmed during the small business loan process, you may benefit from learning terminology to know through this process. Let’s take a look at the most important terminology small business owners should know when applying for a small business loan.

Small Business Loan Terms to Know

As a small business owner, you have the natural drive to put in extra time to make the right, informed decision. Applying for a small business loan can be a complicated process, especially if you don’t know the terminology. The experts of Score.org have compiled a list of the top small business loan terms and phrases to know before you go through this process.

READ MORE on Score.org

Need Professional Advice?

We Can Walk You Through This

You don’t have to go through this process alone; you have help. You may not understand all the ins and outs of a small business loan, but that’s why we’re here. First Liberty is a team of specialists who are passionate about helping small businesses like yours.

Have questions? Contact us today at 770-253-4300 or by filling out the contact form on our websiteConnect with us on Facebook for updates on how your business can financially survive and thrive through these unprecedented times.