Full Range of Options for You to Choose From
Because you shouldn’t settle for anything less
SBA Loans
Small Business Administration loans are government-guaranteed term loans designed to increase the odds of a small business obtaining funding by reducing the risk taken on by the loan provider.
Great for business owners who have specific use cases (commonly for refinancing high cost debt or purchasing fixed assets)
- Loan Amount: $5,000 to $5 million
- Interest Rate: Starting at 7.75%
- Term Length: 5 to 25 years
- Time to Fund: As fast as 2 weeks
- Credit Required: 640+
Business Term Loan
A traditional business term loan is a lump sum of capital with a fixed interest rate that you pay back regularly over a set period of time
Great for established business owners who need to make a particular one-off investment into their business.
- Loan Amount:$25,000 to $500,000
- Interest Rate: 5.49% to 30%
- Term Length: 1 to 5 years
- Time to Fund: As fast as 2 days
- Credit Required: 640+
Business Line of Credit
Get ongoing access to funds up to a maximum credit limit and only pay interest on the amount you draw.
Great for having a flexible cushion for handling any cash flow gaps.
- Loan Amount: $5,000 to $1 million
- Interest Rate: 7% to 25%
- Term Length: 6 months to 5 years
- Time to Fund: As fast as 1 day
- Credit Required: 550+
Equipment Financing
With equipment financing, the lender will typically front the cash to help purchase the equipment outright. You then pay back the total amount borrowed, plus fees, over a set period of time.
Great for Business owners who have specific equipment needs and don’t want to necessarily pay for it all out of pocket or in one shot.
- Loan Amount: Up to 100% of equipment value
- Interest Rate: 7 to 30%
- Term Length: 1 to 5 years
- Time to Fund: As fast as 2 days
- Credit Required: 580+
Invoice Financing
Often referred to as accounts receivable financing, invoice financing lets you sell invoices to a lender, who advances you a portion of the invoice amount (usually 80%) and holds onto the remaining percent (usually 20%) until the invoice is paid.
Great for business owners who invoice their clients and need to quickly free up cash being held up in unpaid invoices
- Advance Amount: Up to 100% of invoice value
- Factor Rate: As low as 3% + % per week outstanding
- Time to Fund: As fast as 1 day
- Repayment: Until customer pays invoice
- Credit Required: Based on credit of the invoiced business
Short Term Business Loans
A short-term business loan is almost identical to a business term loan, except that you pay back the money, with interest, over a shorter period of time.
Great for business owners who have immediate or short term needs (such as managing cash flow, paying off debts, or making small investments) and don’t qualify for traditional options.
- Loan Amount: $5,000 to $500,000
- Interest Rate: As low as 10%
- Term Length: 3 to 24 months
- Time to Fund: As fast as 1 day
- Credit Required: 550+
Merchant Cash Advance
Though not technically a loan, an MCA works by advancing you cash quickly in exchange for a percentage of your daily merchant or credit card processing sales.
Great for businesses that generate revenue mainly through credit or debit card sales and have little to no collateral, challenged credit, or limited business history
- Advance Amount: $5,000 to $500,000
- Factor Rate: As low as 1.15
- Credit Required: 500+
- Time to Fund: As fast as 1 day
- Repayment: automatically paid daily via a fixed % of your merchant sales
Frequently Asked Questions when Getting a Business Loan
How much funding can my business qualify for?
Each lender weighs factors differently to assess eligibility, but most will consider your credit, collateral, time in business, and revenue. Through our network you can typically get anywhere from 10 to 30% of your annual revenue across a range of products.
What’s the difference between unsecured funding versus secured funding?
Unsecured funding options don’t require collateral, so you don’t have to risk any assets to get funded. This typically means more risk to the lender and thus higher eligibility requirements or a higher price tag.
Secured funding options on the other hand are secured by collateral. This minimizes the risk of lenders, can increase your odds of qualifying, but also means that if your business fails, the lender will seize the collateral to recover their losses.
Can I get funded with bad credit?
Yes, with more and more alternative lenders entering the industry, there’s more options available than ever before to business owners with challenged credit or even no credit.
What loan rates are available for my business?
If you’ve been in business for more than 2 years, have a strong credit score, and have year over year growth, then your rate could be in the single digits or low teens.
Rates will ultimately depend on loan type, lender, and your qualifications. Traditional bank loans typically have the lowest rates (starting at 4%) but are the hardest to qualify for. SBA loans start at around 7.75% and are slightly easier to qualify for but can take just as long to get approved. If you’re not as qualified, your options will be more limited and more costly.