Term Loan
The benchmark everything else is measured against.
- Loan amount
- $20K – $1M
- Interest rate
- As low as 6%
One of six options
Business Line of Credit
Priced on what you draw, not what you are approved for.
- Funding amount
- Up to $1M
- Term
- 6 months to 3 years
- Cost
- Starting at 4.5%
- Funding speed
- Within 1–2 days
Line of credit
How a line of credit is priced
A line of credit is an approved limit that costs nothing until it is used. Interest applies only to the drawn balance, and you can repay and redraw without reapplying.
Compared against a loan it is usually dearer per pound drawn and far cheaper per pound approved, because most of the facility sits idle. For irregular needs it is almost always the better-value answer.
Before you sign
What to compare
- Whether there is a fee for the facility itself
- Rate on drawn balances
- How quickly you can redraw after repaying
- Any minimum draw requirement
The application
See your offers
About two minutes to apply, no cost, and no effect on your credit. You are under no obligation to accept anything that comes back.
Rather talk to somebody first? (844) 220-3232.
The options
Priced against the other five
Short Term Business Loan
Less interest in total, more out of each month.
- Funding amount
- $10K – $1M
- Cost
- Beginning at 6%
Equipment Financing
Secured lending, and priced accordingly.
- Loan amount
- Up to $250K
- Cost
- As low as 8%
Working Capital
Short money for running costs, collected often.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Business Line of Credit
Priced on what you draw, not what you are approved for.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Business Cash Advance
The one that needs the closest reading.
- Funding amount
- $5K – $500K
- Factor rate
- 10% – 35%