Business Loans & Lines of Credit

A term loan provides a lump sum upfront that you repay over a fixed period with regular payments. A line of credit is revolving credit you can draw from as needed, paying interest only on what you use. Lines of credit are ideal for ongoing expenses and cash flow management, while term loans work best for specific purchases or projects.

Funding timelines vary by loan type. Working capital loans and lines of credit can fund in 1-3 business days. Equipment financing typically takes 3-7 days. SBA loans require 30-90 days due to government review. We'll help you choose the fastest option that meets your needs.

Collateral requirements depend on the loan type and amount. SBA loans and larger term loans typically require collateral. Equipment financing uses the equipment as collateral. Some working capital loans and lines of credit are unsecured for qualified borrowers. We'll find options that match your situation.

Most lenders require a minimum personal credit score of 650-680. SBA loans may accept scores as low as 640. Some alternative lenders work with scores as low as 600 but at higher rates. Higher credit scores qualify for better rates and terms.

Startup financing is challenging but possible. SBA microloans, equipment financing, and some alternative lenders work with startups. You'll typically need a strong business plan, personal credit, and may need to provide a personal guarantee or collateral. We specialize in helping startups find financing options.

Loan amounts depend on your business revenue, credit profile, time in business, and loan purpose. Working capital loans typically range from $10K-$500K. SBA loans go up to $5 million. Equipment financing can reach $5 million. We'll help determine your borrowing capacity based on your specific situation.