Navigating the variety of financing options for your business can be confusing. Here's a list of the most common choices which should help you find the best loan or credit line for your business.
Explore the business financing option below to learn more.
| Financing Types |
Loan Amounts |
Interest Rates |
Repayment Amounts |
Turnaround Time |
Credit Criteria |
SBA Loan
learn more |
$50,000 – $5 million |
6% – 13% |
5 – 25 years |
30 days – 6 months |
Usually requires a minimum business credit score (FICO SBSS) |
Traditional
Bank Loan
learn more |
$250,000 + |
5% – 10% |
1 – 20 years |
2 – 4 months |
Usually requires strong personal and/or business credit scores |
Non-Bank,
Online Loan
learn more |
$25,000 – $500,000 |
7% – 30% |
1 – 5 years |
2 – 7 days |
Less important, but still a main factor* |
Micro-Loan
learn more |
$500 – $50,000 |
8% – 15% |
1 -5 years |
1 – 3+ months |
Less important, but still a main factor* |
Merchant
Cash Advance
learn more |
$200 – $250,000 |
15% – 150% |
3 – 12 months |
1 – 7 days |
Typically not required* |
Cash Flow
Loan
learn more |
$200 – $100,000 |
25% – 90% |
6 – 12 months |
Minutes – 3 days |
Less important, but still a factor* |
Business
Credit Cards
learn more |
$250 – $25,000 |
13% - 25% |
30 days |
1 – 3 weeks |
Personal and/or business credit are a main factor. |
*Your credit line or loan amount and rate will be based on an ongoing assessment of your business. The lender may require you grant access to your online checking account, accounting system, or POS system to assist in this process. You may also be required to allow the creditor to make daily or weekly withdrawals from your business checking account in order to repay the loan.