Term Loan
One lump sum, a fixed rate, and a repayment schedule you can plan against.
- Amount
- $20,000 – $1,000,000
- Cost
- From 5.5%
The six programmes
Business Cash Advance
A sum against future sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Term
- Not published
- Cost
- 10% – 35% factor
- Funded in
- 24 – 48 hours
Cash advance
What it is, and where it fits badly
A cash advance is not a loan and is not priced like one. You receive a sum today and repay it as a percentage of takings, so a quiet week costs less and a busy one costs more.
Approval leans on revenue rather than on the credit file, which makes it the most accessible programme here and the most expensive. It is the right answer when speed genuinely decides the outcome and the wrong one when it is simply the easiest to get.
- What to ask the lender
- Ask for the total repayable in dollars and the expected number of weeks. A factor rate cannot be compared to an interest rate and an honest rep will say so unprompted.
What it gives you
Why an owner takes this one
- Approved on revenue rather than on credit score
- No fixed payment to meet in a slow week
- The broadest credit acceptance of the six
- No out-of-pocket fees
The application
One application. 80+ lenders. Fifteen minutes.
About fifteen minutes. One application reaches 80+ lenders, costs nothing, commits nothing, and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 528-8696, Mon–Fri, 8am – 8pm.
The six programmes
Where it sits among the six
Business Line of Credit
A facility you draw on when you want it and pay for only when you use it.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Short-Term Business Loan
A term loan on a short runway, for something that will pay itself back quickly.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
Working Capital
Funding for payroll, rent, stock and the weeks that do not line up.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Equipment Financing
The longest term here, and the only programme secured on what it buys.
- Amount
- Up to $250,000
- Cost
- From 8%
Business Cash Advance
A sum against future sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- 10% – 35% factor
The cash advance is priced as a factor and the other five as a rate, and the two do not compare. A factor of 1.2 on $100,000 is $120,000 to repay whether it clears in six months or eighteen — settling it early does not make it cheaper. Interest falls when the balance does. Any comparison that puts a factor beside a rate is comparing two different things.