Business loans are helpful ways to get your company up and off the ground. According to Fundera by NerdWallet, about 29% of small businesses close due to running out of funds. Businesses can sometimes avoid closing their doors by applying for a business loan. However, figuring out how to get a business loan can sometimes feel like you are sinking deep into quicksand.
This article will help you navigate the wheres, whats, and hows in the world of business loans with United and a United Explorer Card.
Where To Get A Business Loan With Your United Explorer Card
United Explorer Cards are co-branded credit cards by United Airlines. These cards are Chase Visa cards with great United Airlines perks. Since Chase is the bank attached to the card, all of your financial inquiries get sourced through Chase, such as applying to take out a loan.
You will have to apply in person for a business loan. Check online to find the nearest Chase bank to you. You should schedule an appointment with one of the professionals there to ensure you get the chance to meet at a particular time.
What Is The Right Business Loan For Me?
Chase offers United Explorer Card users various loan options to help your business thrive.
A typical bank loan for business with Chase offers you flexibility. You can get a loan starting as low as $10,000. If you need less money than $10,000, consider a credit card. This SlickDeals article discusses all the great perks of a United Explorer Card, including a new sign-up bonus of up to 70,000 United MileagePlus Miles. You can also get a United Explorer Business Card to help your business to thrive.
Another business loan option with Chase is the Small Business Administration (SBA) loan. The SBA loan works by matching you with a lending partner who helps you reach your corporate goals and guarantees funds up to a specific percentage.
With an SBA loan, you will have the opportunity to negotiate interest with the lender. You will also have flexibility with the loan’s term. An SBA loan may be an excellent option if you want to use the money to refinance some of your business’s debt.
How To Apply For A Business Loan
To apply for a bank loan with your United Explorer Card, you will need to meet with a professional at a Chase bank. The professional you meet with will guide you through the application process and help you find the best loan plan for you.
The terms for the loan will be decided upon when you finalize it. These terms will include the expiration of your loan account. When a loan expires, the funds are no longer available to you. The professional will also discuss the repayment period with you based on your average income.
Since you must have either a good or excellent credit score when signing up for a United Explorer Card, you make the perfect candidate for a business loan. Alleviate your fears and seek out the nearest Chase banking professional to help you set up your business loan with your United Explorer Card.
