The top financial small business loan products and services marketplace where you can find the best financing option for your business with great terms.
Financial Term Loan
Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount.
The common uses for these types of loans are business expansion, working capital and equipment purchases.
Benefits of a Term loan
Interest on loan is tax deductible
No prepayment penalties
Lower cost options
Stable daily, weekly monthly payments
Reported to the credit bureaus which can improve credit
Flexible options
Qualifications
6+ Months Time in Business
$120,000 Annual Gross Sales
No Minimum FICO
Loan Amounts: $10,000 – $5 Million
Terms: 6 Months – 10 Years
Funding: 1-3 Days
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SBA Loan
An SBA loan is a government backed loan that can be used for starting or expanding a business. The loan has certain requirements for eligibility, such as size standards, providing the ability to repay and a solid business purpose.
Benefits of a SBA Loan
Fixed and variable options
Monthly payments
Terms up to 25 years
Prime rates
Government backed
Qualifications
$120,000 Gross Annual Sales
3 Years Time in Business
No Loss on Previous 2 Years Tax Returns
Financials Required
Loan Amounts: Up to $5 Million
Terms: Up to 25 Years
Funding: 90-120 Days
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Business line of credit
A business line of credit provides flexibility for the business owner. Rather than a fixed amount issued at one time, funds can be accessed as needs arise. Funds are made available again, as the balance is paid down.
Benefits of a Business Line of credit
Only pay interest on the funds drawn
Credit available as needed
Draw as many time as you need
Fast Approvals
Qualifications
6 Months Time in Business
$120,000 in Annual Gross Sales
600 FICO
Loan Amounts: $10,000 – $5 Million
Terms: 6 Months – 10 Years
Funding: 1-3 Days
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Equipment Financing
Businesses utilize equipment financing to purchase business related equipment. Obtaining these assets can be through equipment leasing or equipment financing, which doesn’t require businesses to pay out of pocket large amounts of cash. Ultimately freeing up working capital within the business.
Benefits Of Equipment Financing
Monthly payments
Multi-year
Longer Terms
Low or NO down payment
Tax benefits (section179)
Qualifications
No Minimum FICO
No Minimum Time in Business
No Minimum Revenue
580 FICO
Loan Amounts: $10,000 – $5 Million
Terms: 1-5 Year Terms
Funding: 1-5 Days
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Accounts Receivable Financing
Accounts receivable financing is when a company will sell or finance off their outstanding invoices for working capital. It can either be in the form of selling the asset to the lender or using the accounts receivable (invoices) as collateral for the loan.
Benefits Of Accounts Receivable Financing
Typically lower interest rates
Doesn’t require other collateral
Ability to factor new AR as they become available
Saves time for collecting your receivables
Opens up cashflow
Qualifications
$500,000 in Annual Gross Sales
600 FICO
Aging Report Required
Loan Amounts: $10,000 – $5 Million
Terms: 6 Months – 10 Year Terms
Funding: 1-5 Days
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Franchise Financing
Franchise Financing can be used to open a new franchise location or assist with your franchisor mandated updates at a lower cost.
Benefits Of Franchise Financing
Ability to start a Franchise
Obtain start-up cost assistance
Purchase Equipment
Cover infrastruture costs
Qualifications
640 FICO
Loan Amounts: $10,000 – $5 Million
Terms: 6 Months – 10 Year Terms
Funding: 2-7 Days
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Merchant cash advance
A Merchant Cash Advance isn’t technically a loan, but rather a cash advance that is paid back by withdrawing a percentage of your credit sales, typically on a daily basis.
Benefits of Merchant Cash advance
Fully customizable based on business need
No compounding interest
Funds can be used for any use
Pay back based on the sales of the business
Qualifications
3+ Months in Business
$60,000 plus in Annual Gross Sales
No Minimum FICO
Loan Amounts: $10,000 – $5 Million
Terms: Flexible Terms
Funding: Same Day