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Summary: Applying for a business loan online is not as secure as applying for one in a bank because bank records are more secure than online transmissions. Avoid identity theft when applying for online business loans by using secure Web sites with ideas from a certified public accountant in this free video on new business financing.
Amber Hill is a certified public accountant and a partner in several small businesses that she started from the ground up. Hill has worked as a city financial director, written...read more
"The topic we're discussing today is applying for a business loan online. Now applying for a business loan online is very similar to applying at a bank. The difference is you don't have the confidence level that the information that you're giving out is going to be kept as secure as you know it will be in a financial institution that you're physically in. So the same information that you're going to need to take to the bank, your financial statements, your tax returns, all that good stuff that they're going to want, you'll want to have handy when you're filling that out. But be very careful online not to release sensitive proprietary information, social security numbers, and of course bank information. You want to be aware of all that kind of requests. Those are how identities are stolen and fraud is committed."
eHow Article: Applying for a Business Loan Online
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