Term Loan
The most traditional business loan: one sum, repaid on a fixed schedule.
- Funding amount
- Up to $1M
- Rate
- Starting at 5.5%
Line of credit
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
- Term
- 6 months to 3 years
- Cost
- Starting at 4.5%
- Funding speed
- Within 1–2 days
What line of credit is
How it works, and what it suits
A line of credit is capital on standby. You are approved for a limit, you draw what you need when you need it, and you pay only on what is drawn. As you repay, the limit comes back, so the same line can cover a run of invoices in spring and a new espresso machine in autumn.
What lenders usually look for is published here, because this brand published it: six months or more in business, $50,000 or more in annual revenue, and a credit score of 560 or higher. A lender may also ask for a personal guarantee — a promise that personal assets can be called on if the line is not repaid — and your representative will tell you before you sign if one is.
Who it is built for
Three trades this programme is most often used by
-
Medical
4 of the six name it
Practices and clinics carrying equipment costs and the long wait between treating a patient and being reimbursed.
- Term loanUp to $1M
- Line of creditUp to $1M
- Working capitalUp to $1M
- Equipment financingUp to $250K
-
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
- Draw it again as soon as it is repaid
- Pay only on what you use
- Terms from six months to three years
- Usually 6+ months trading, $50K+ revenue, a 560+ score
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%