SBA Loans are partially guaranteed by the U.S. Small Business Administration (SBA), with lower interest rates and more flexible terms than conventional loans.
Positive cash flow
Additional requirements vary by loan option
A business line of credit gives you access to a certain amount of money, which can be borrowed, repaid, and borrowed again (i.e., revolving credit).
6+ months in business
$5K+ in monthly revenue
560+ credit score
Accounts receivable financing leverages your outstanding invoices as collateral to secure immediate cash flow.
2+ years in business
$1M in annual revenue
$100K in accounts receivable at any given time
680+ credit score
A business term loan provides small business owners with a lump sum of cash that is paid back on a fixed schedule over a set period (i.e., a loan "term").
3 years of business and personal tax returns
YTD financials
Debt schedule
6 months of business bank statements
Business credit cards offers a revolving line of credit, allowing entrepreneurs to make purchases and manage expenses.
680+ credit score
Equipment financing enables businesses to acquire essential equipment or machinery through loans or leases.
680+ credit score for under 3 years in business
600+ credit score for over 3 years in business
Commercial real estate loans provide financing for purchasing, renovating, or refinancing properties intended for business use.
Cash flow, down payment, and assets are the biggest factors for approval
680+ credit score
Invoice factoring is when you sell your unpaid invoices to a third-party at a discount in exchange for cash up front.
Because the factoring company will be more focused on the credit of the business that owes the money, the client's credit is not as important.
E-commerce financing provides specialized funding solutions for online businesses, supporting growth initiatives.
E-commerce business
6+ months in business
$20K in monthly online revenue,
Business must hold their own inventory