Conventional funding sources
Bank and credit union loans and lines of credit are considered conventional options that typically require the longest and strongest track record. Bank loans often have minimum requirements for profitability, credit rating, and length of time in business (usually at least 3 years). In addition they often require collateral, such as property, equipment or expected payments for an upcoming order. That said, banks and credit unions sometimes offer special programs for businesses without the credit history needed for a typical business bank loan.
Interested in learning about business loans and lines offered by Bank of the West?