Comparing Your Small Business Loan Options
Short Term Business Loans
Short term business loans are for business owners that are looking for immediate funding that will be paid back over a short period of time. These loans are structured where the borrower receives funding and the payback amount and any fees is determined up front. As far as rates and terms this is the best alternative financing option for business owners that do not meet bank requirements. This type of business loan is short term so the payment plan will be spread out anywhere from six months to three years.
Bad Credit Business Loans
Bad credit business loans are for business owners with poor personal credit or weak business financials. This type of funding features daily or weekly payments and the fees are determined before funding takes place. This product has very few document requirements and funding can take place as fast as the same day. This financial product is a great option when traditional financing is not a possibility.
Same Day Business Loans
Same Day Business Loans are designed to meet your urgent financial needs. With our streamlined application process, minimal paperwork, and flexible qualification criteria, you can often have access to funds within hours. This type of service has allowed are clients to seize new opportunities, address emergencies, or maintain smooth business operations.
Unsecured Business Loans
Unsecured business loans are a great option for small business owners that require funding for their business but do not have collateral. This product features daily, weekly, and monthly payment options and funding can take place as fast as 24 to 48 hours. Depending on the size of the loan there may be very few documents required.
Business Line of Credit
This type of funding option is a great option for small business owners that want to get approved for funding but not necessarily use all of the funds. The payment terms feature weekly or monthly payment options, and the overall cost of financing will be based on how much the borrower decides to utilize. Financing can take place in as little as 2 to 3 days depending on the size of the line of credit.
Merchant Cash Advance
This is the best option for borrowers that do not want the burden of fixed payment schedules. Payments are withdrawn from a small percentage of the credit card revenue as it is processed until the advance is paid back. This feature gives merchants the ability to pay less during slower business cycles and more when business is better. Funding can take place as quickly as 3 business days as there are very few document requirements.
