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 When starting up your first business, you are going to need some strong financing, and accordingly will need to know where to look so that you can find the best business loan rates.  However, low rates should not be your only priority in your search; you also want to look for stability, reliability, and most importantly accessibility.
Most people tend to think that the best business loan rates are to be found at large banks.  After all, if they are so big, then surely they’ve done something good in order to be successful, right?  Well, not always.  Big banks often come at a high price; they have lots of advertisement, ATM maintenance and overhead to pay for that the more word-of-mouth spread local banking organizations do not have.  Small banks and credit unions tend to be much better for these purposes.  You will also find that small banks will listen to you more.  Because they are subject to fewer regulations, the smaller banks have a definite advantage for you as they tend to employ individuals that are higher up in the decision-making process to tend to your needs.
You can also find low business loan rates through government loans if you apply to the SBA.  The SBA is an excellent organization, and often the first stop that people of many demographics come to when seeking low-interest financing.  While you may or may not qualify depending on your position, the SBA is an excellent way to get the financing that you need.
Lastly, you may also be able to find what you are looking for in P2P lending.  P2P is a great way to get the financing you need, as long as you know how to network and whom to go to.

This Business article was written by Mark Karavan on 3/20/2010