Term Loan
A lump sum at a fixed rate, repaid on a schedule you can plan around.
- Amount
- $20,000 – $1,000,000
- Term
- 1 – 2 years
- Cost
- From 6%
- Funded in
- Within 24 hours
One application, 80+ lenders
The right loan is the oneleft standing.
Right Business Loans is a funding office, not a bank. It puts one application in front of 80+ lending partners and then does the part that takes judgement: working out which of the offers that come back is the wrong answer, and why.
- About fifteen minutes
- A soft credit inquiry only
- Nothing payable at any stage
- One specialist, start to finish
Start the application (844) 527-3391
No obligation to take any offer that comes back.
Five ruled outSo the sixth is a decision, not a guess
Start here
Six programmes. Start by ruling five of them out.
Most funding pages tell you what each option is good for, which is how a business ends up with a daily debit it cannot carry through a slow month. These are the same six, described by what they are the wrong answer to. If none of the six sentences below describes your situation, that programme is probably worth a look.
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Term Loan
Wrong if you cannot yet size the need. Interest runs on the whole sum from day one, whether you have spent it or not.
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Short-Term Business Loan
Wrong if the return is uncertain. The payments start on schedule whether the thing you funded has paid off yet or not.
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Equipment Financing
Wrong if you are not buying an asset. It is tied to the thing it pays for, and the thing it pays for is normally what secures it.
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Working Capital
Wrong if your takings are lumpy. Repayment is a fixed daily or weekly ACH debit, and a quiet week does not make it smaller.
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Business Line of Credit
Wrong if you need the whole amount now. It is a facility to draw against over time, not a lump sum, and it is the slowest of the six to be worth opening for a one-off.
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Business Cash Advance
Wrong if anything else will do. It is the fastest and the most expensive, priced as a factor rather than a rate, and settling it early does not make it cheaper.
None of this is a disqualification. A lender may well offer a programme this page has just argued against, and it may still be the right call — the point is to know which question you are actually answering before the offer is in front of you.
The six, in full
And what each one is for.
Every figure this site publishes. Five are priced as a rate and the cash advance as a factor; the two do not compare.
Short-Term Business Loan
The same instrument on a shorter runway, for something that pays itself back quickly.
- Amount
- $10,000 – $1,000,000
- Term
- Up to 24 months
- Cost
- From 6%
- Funded in
- 1 – 2 days
Equipment Financing
The longest term here, tied to the thing it buys.
- Amount
- Up to $250,000
- Term
- 1 – 5 years
- Cost
- From 8%
- Funded in
- Not published
Working Capital
Funding for the running of the business rather than for a purchase.
- Amount
- Up to $1,000,000
- Term
- Daily or weekly ACH
- Cost
- From 4.5%
- Funded in
- 1 – 2 days
Business Line of Credit
A facility that costs nothing until the week it earns its keep.
- Amount
- Up to $1,000,000
- Term
- 6 months – 3 years
- Cost
- From 4.5%
- Funded in
- 1 – 2 days
Business Cash Advance
A sum against future receivables, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Term
- Daily or weekly ACH
- Cost
- 10% – 35% factor
- Funded in
- 24 – 48 hours
The cash advance is priced as a factor and the other five as a rate. A factor of 1.2 on $100,000 is $120,000 to repay whether it clears in six months or eighteen; settling it early does not reduce it. Interest falls when the balance falls. Putting a factor beside a rate compares two different things.
What actually happens
Three steps, and one specialist through all of them.
The only step that can touch your credit score is the last, and only if you take an offer forward.
Step 01
The application
About fifteen minutes online, across six screens: what the business is, how long it has traded, what it takes, and what the money is for. No documents are needed to start and nothing is payable. It is a soft credit inquiry and leaves no mark on the owner's score.
Step 02
The offers
One application reaches 80+ lenders. A dedicated funding specialist goes through what comes back — what each offer costs, how it repays, and which of the six it actually is. There is no obligation to take any of them.
Step 03
The money
Once an offer is accepted the funds go to the business account. Within 24 hours on a term loan, one to two days on most of the rest, 24 to 48 hours on a cash advance. The lender may run a hard credit inquiry at this stage, which is the first point at which anything touches the owner's score.
Apply
Six screens, about fifteen minutes.
About fifteen minutes, across six screens. One application reaches 80+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 527-3391.