Term Loan
One sum, a fixed rate, and a repayment you can write into next year's budget.
- Amount
- $20,000 – $1,000,000
- Cost
- From 5.5%
The six programmes
Business Line of Credit
A facility that sits there costing nothing until the week it earns its keep.
- Amount
- $10,000 – $500,000
- Term
- Revolving
- Cost
- Not published
- Funded in
- Same day once the line is open
Most often: Retail
What a line of credit is for
Stock bought ahead of a season you cannot be certain of. Draw what you need, repay, draw again.
A line of credit is an amount you are approved for and draw against only when you want it. You pay for what you have drawn rather than for the whole facility, and as you repay, the room comes back.
It is the programme for a business whose need is real but not yet dated: a season that might be busy, an order that might land, a quarter where the invoices might run late. Qualifying usually means six months trading, $50,000 a year in revenue and a credit score of 560 or better.
What it gives you
Why a business takes this one
- Draw, repay, and draw again on the same facility
- Interest on what is drawn, not on what is available
- No restriction on what a draw is used for
- Opens once; after that the money is same-day
The application
Apply
About fifteen minutes, across six screens. No fee, no obligation, and no mark on the owner's credit score. One application reaches every lender in the network at once.
Rather talk to somebody first? (844) 236-2905.
The six programmes
This one, among the six
Business Line of Credit
A facility that sits there costing nothing until the week it earns its keep.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Short-Term Business Loan
The fastest of the six, for the gap that will not wait for a decision.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Business Working Capital
Funding for the running of the business, not for a single purchase.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The longest term of the six, and the only one where the thing you buy is the security.
- Amount
- $10,000 – $1,000,000
- Cost
- From 4.5%
Revenue-Based Funding
Repayment that follows the takings: less in a slow week, more in a good one.
- Amount
- $10,000 – $500,000
- Cost
- Not published
