🏛️
SBA Loans
6.5–13%
Rate
$50K–$5M
Amount
2–8 weeks
Speed
680+
Min. Credit
Best for: Established businesses seeking low-rate, long-term financing
Advantages
- ✓ Lowest interest rates available
- ✓ Longest repayment terms (up to 25 years)
- ✓ Government-backed, reducing lender risk
- ✓ Multiple programs: 7(a), 504, Microloan
Considerations
- ! Lengthy application process
- ! Strict eligibility requirements
- ! Requires strong credit and collateral
- ! Slow funding timeline
📋
Term Loans
8–30%
Rate
$25K–$500K
Amount
2–7 days
Speed
600+
Min. Credit
Best for: Businesses needing a lump sum for a specific purpose
Advantages
- ✓ Predictable fixed payments
- ✓ Builds business credit
- ✓ Wide range of amounts
- ✓ Available from banks and alt. lenders
Considerations
- ! May require collateral
- ! Fixed payment regardless of revenue
- ! Higher rates for lower credit
- ! Prepayment penalties possible
🔄
Business Line of Credit
10–40%
Rate
$10K–$250K
Amount
24–48 hrs
Speed
580+
Min. Credit
Best for: Businesses needing flexible, ongoing access to working capital
Advantages
- ✓ Draw only what you need
- ✓ Pay interest only on drawn amount
- ✓ Revolving — replenishes as you repay
- ✓ Great for managing cash flow gaps
Considerations
- ! Variable rates possible
- ! Annual fees on some products
- ! Credit limit may be reduced
- ! Requires consistent revenue
⚡
Merchant Cash Advance
Factor 1.10–1.50
Rate
$5K–$500K
Amount
Same day
Speed
500+
Min. Credit
Best for: Businesses needing fast capital with flexible repayment
Advantages
- ✓ Fastest funding available
- ✓ No collateral required
- ✓ Flexible repayment tied to revenue
- ✓ Accessible with lower credit
Considerations
- ! Highest cost of capital
- ! Daily deductions affect cash flow
- ! Not ideal for long-term needs
- ! Factor rate vs. APR confusion
🏗️
Equipment Financing
5–20%
Rate
$10K–$5M
Amount
24–72 hrs
Speed
600+
Min. Credit
Best for: Businesses purchasing or leasing equipment
Advantages
- ✓ Equipment serves as collateral
- ✓ Preserve working capital
- ✓ Tax benefits (Section 179)
- ✓ 100% financing available
Considerations
- ! Equipment-specific — can't use funds elsewhere
- ! Equipment depreciates
- ! Requires equipment quote/invoice
- ! Lender may require down payment
📄
Invoice Factoring
1–5% per 30 days
Rate
Up to 90% of AR
Amount
24–48 hrs
Speed
N/A (client credit matters)
Min. Credit
Best for: B2B businesses with outstanding invoices
Advantages
- ✓ No debt — you're selling receivables
- ✓ Approval based on your clients' credit
- ✓ Improves cash flow immediately
- ✓ Scales with your revenue
Considerations
- ! Your clients are notified
- ! Ongoing fees reduce margin
- ! Not suitable for B2C businesses
- ! Recourse vs. non-recourse risk
How to Choose the Right Funding Product
The right funding product depends on three factors: your urgency, your cost tolerance, and your qualification profile. Here's a simple decision framework:
?
Need funds in under 48 hours?
→ Merchant Cash Advance or Business Line of Credit
?
Have strong credit (680+) and can wait 2–8 weeks?
→ SBA Loan — best rates and terms available
?
Need to purchase equipment or vehicles?
→ Equipment Financing — asset serves as collateral
?
B2B business with outstanding invoices?
→ Invoice Factoring — no debt, immediate cash
?
Need ongoing access to working capital?
→ Business Line of Credit — draw what you need
?
Have lower credit but strong revenue?
→ Merchant Cash Advance or Alt. Term Loan
Not Sure Which Option Is Right for You?
Our brokers analyze your specific situation and match you with the best funding product from 500+ lenders — at no cost to you.