Learn about our Small Business Loan Products
Business Line of Credit
Many businesses nowadays use funds raised through the business line of credit to support financing for operational expenses such as: supplies, payroll or for increasing the inventory. Depending upon the nature of the business, a small business line of credit makes the perfect solution to meet your business objectives in a fast and effective way.
In order to raise capital for your business, small business administrations loans is your go to way as it is highly preferred by startups and enterprises globally. They are in fact, fully assured by the federal agency which further allow lenders to provide for flexible terms and low-interest rates. Also, low annual percentage rates make this program the ideal way to fetch required funds to let your business grow hurriedly.
Short Term Loan
Are you in a dire need of funds? Well, then apply for a short term loan and get the money in your hands in no time. The best part about short term loans that they are paid over a fixed period of time, less than a year and paid back in installments that are agreed prior to accept and sign for the loan.
Merchant Cash Advance
Being a business owner or an entrepreneur, you can easily apply for a merchant cash advance and get the money deposited in your business checking account within 24 hours of approval. A merchant cash advance is provided on the basis of credit card sales deposited in a business merchant account.
Business Term Loan
For borrowers in need of funds, a business term loan is amongst the best traditional methods of small business financing. Such type of loans are extensively used for several number of reasons consisting - the purchase of fixed assets, hiring personnel and investing in latest technology.
In order to meet the business requirements such as: copier scanner, a restaurant oven or a vehicle, equipment financing is considered to be the highly recommended loan. Equipment loans basically offer periodic payments that include interest and principal over a fixed term. However, the rates and terms vary depending upon the applicant’s qualification profile and current market conditions.
Bad Credit Business Loans
Even if you have bad credit, you can easily get the capital you need to grow your business effectively. In order to secure a small business loan with bad credit, you need to know your personal credit score and research your options based upon the eligibility requirements.