Term Loan
A lump sum at a fixed rate, repaid on a schedule you can plan around.
- Amount
- $20,000 – $1,000,000
- Cost
- From 6%
The six, in full
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
Cash advance
What it is
A cash advance gives you a lump sum today against a portion of future revenue. Repayment is taken as a percentage of takings, so a quiet week costs less and a busy one costs more.
Qualifying leans on the revenue rather than the credit file, which makes it the most accessible of the six and the most expensive. Low scores and a short credit history are both workable here.
- When it is the wrong answer
- It is the most expensive money on this page. Priced as a factor rather than a rate, so paying it off early does not make it cheaper — if any of the other five will do the job, one of them is the better answer.
What it gives you
When it is the right one
- Approved on revenue rather than on credit score
- Limited credit history considered
- Repayment moves with the takings, both ways
- No out-of-pocket fees
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.
The six, in full
Where it sits among the six
Short-Term Business Loan
The same instrument on a shorter runway, for something that pays itself back quickly.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
Equipment Financing
The longest term here, tied to the thing it buys.
- Amount
- Up to $250,000
- Cost
- From 8%
Working Capital
Funding for the running of the business rather than for a purchase.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Business Line of Credit
A facility that costs nothing until the week it earns its keep.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Business Cash Advance
A sum against future receivables, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- 10% – 35% factor
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.