By Types

SBA Loans

The SBA Loan, backed by the U.S Small Business Administration, offers a variety of loans designed to cater to an array of business needs.

The 7(a) loan supports everything from short-term working capital to long-term real estate development, while the 504 Loan is designed for major fixed asset purchases, such as land or equipment.

Best for: Long-term business investments, purchasing machinery, real estate, or business expansion.

Term Loans

A term loan offers a lump sum of funds that is repaid in fixed monthly installments over a predetermined period, known as the loan term.

This option is ideal for businesses requiring a significant upfront investment and preferring predictable payments. Common uses include long-term investments such as purchasing equipment or real estate, business expansion, or refinancing existing debt.

Best for: Long-term investments, refinancing debt, and other one-time expenses.

Business Line of Credit

A business line of credit is a flexible and reliable revolving safety net for your business that allows you to borrow exactly what you need when you need it.

You only pay interest on the funds you use, and once you repay what you’ve borrowed, your credit limit goes back up. It is perfect for managing cash flow hiccups, unforeseen expenses, or taking advantage of growth opportunities.

Best for: Working capital and other short-term needs.

Merchant Cash Advance

A merchant cash advance is an advance of capital repaid using future earnings deposited into a business' merchant account.

Merchant cash advances are best for small businesses that need capital immediately to cover cash-flow shortages or short-term expenses.

Merchant cash advances can be a great option for businesses that have high credit card sales volume, need funding quickly, and may not qualify for other small business loans.

Best for: Businesses with high credit card sales, immediate funding needs, or those unable to qualify for traditional loans, looking to address cash flow shortages or cover short-term expenses.

Equipment Financing

Use this loan to acquire the equipment your business needs, with financing options available for nearly every industry and type of equipment.

Agreements can be structured like a term loan or as a lease, often with options to purchase the equipment at the end of the lease term.

Best for: Businesses needing industrial equipment.

Accounts Receivable Financing

Accounts receivable financing, also known as invoice factoring, works by providing your business with immediate capital in exchange for your outstanding invoices.

A factoring company purchases your receivables, paying you a significant portion upfront—typically 80-90%. The remaining balance, minus a factoring fee, is paid once your customer settles the invoice with the factoring company.

Best for: Businesses with outstanding invoices that are hindering cash flow.

Commercial Real Estate Loans

Commercial real estate loans are tailored for purchasing, building, expanding, remodeling, or refinancing business properties. These loans are secured by the property being financed and offer fixed or variable interest rate options.

Best for: Businesses looking to purchase, construct, renovate, or refinance commercial properties.

Start-up Loans

A startup business loan can provide funding for working capital, equipment, or other essential expenses of a new business.

The loan structure typically varies based on the specific type of loan. Generally, businesses with a longer operational history are eligible for a wider range of loan options compared to those that are just starting out.

Best for: New businesses needing funding for working capital, equipment, or initial operating expenses.