Term Loan
The most traditional business loan: one sum, repaid on a fixed schedule.
- Funding amount
- Up to $1M
- Rate
- Starting at 5.5%
Cash advance
Business Cash Advance
An advance on the sales a business has not made yet.
- Funding amount
- $5K – $500K
- Funding speed
- 24–48 hours
- Factor rate
- 10% – 35%
- Repayment
- Daily or weekly ACH
What cash advance is
How it works, and what it suits
A business cash advance is paid against future sales rather than lent against a credit file, which is why it is often open to businesses whose credit is less than ideal but whose bank balances are healthy. Approval is usually quicker than for a term or working capital loan.
It suits a business whose sales dip with the seasons. Its cost is a factor rate — a fixed amount on top of the advance, which does not fall if it is cleared early — so the amount matters: take too much and it costs more than it needs to, too little and the gap is still there. Your representative helps you settle the figure before you compare offers.
Who it is built for
Three trades this programme is most often used by
-
Construction
4 of the six name it
Contractors who buy the materials and hire the machine before the job's first draw is paid.
- Term loanUp to $1M
- Short-term loan$10K – $1M
- Equipment financingUp to $250K
- Cash advance$5K – $500K
-
Inventory
3 of the six name it
Any business whose money sits on shelves or pallets until it sells: wholesalers, distributors, online sellers.
- Line of creditUp to $1M
- Working capitalUp to $1M
- Cash advance$5K – $500K
-
Retail
3 of the six name it
Shops that stock up ahead of a season and live through the quiet weeks on either side of it.
- Line of creditUp to $1M
- Short-term loan$10K – $1M
- Cash advance$5K – $500K
What it gives you
The short version
- From $5,000 to $500,000
- Repaid daily or weekly from sales
- Often funded in 24 to 48 hours
- Usually no collateral
The application
Take advantage of business financing today
One free application, read for all six programmes by 75+ lenders. A representative will be in touch within one business day to go through what comes back.
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Financial options
All six, this one marked
Business Line of Credit
A revolving limit you draw on when you need it and pay for only when you do.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Short-Term Business Loan
Quick cash with a quick payback, for a need with an end date.
- Funding amount
- $10K – $1M
- Cost
- Beginning at 6%
Business Working Capital Loan
Money for the running of the business, when the bank's timetable is too slow.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Equipment Financing
The full cost of new or used equipment, leased or bought, without paying it upfront.
- Loan amount
- Up to $250K
- Cost
- As low as 8%
Business Cash Advance
An advance on the sales a business has not made yet.
- Funding amount
- $5K – $500K
- Factor rate
- 10% – 35%