Public vs. Private Small Business Startup Loans — Which is Better?
Small business startup loans can be crucial for the success of new and small businesses. If you are just starting in your business, you will need money to expand your operation and effectively reach your target market. On top of that, you will need some help paying the bills and other fees that normally come with the business. Lenders from both public and private sectors offer loans for startup businesses. All you have to do is decide which is better between public and private small business loans. Public Small Business Startup Loans One of the main advantages of public loans is the fact that they can be offered at low interest rates. Government agencies that offer small business startup loans typically compute their interest based on the 91-day T-bill rates. T-bill rates are usually lower than other forms of rate indicators like LIBOR, from which private loan rates are measured. Besides, public loan facilities are not aimed at earning huge interest income. Rather, they are the offshoo
