Business Loan Options: Which One Fits Your Situation

The six, and when each is the right call

Uneven or unpredictable needLine of credit. $10K–$350K, from 1% per month, 2.49% draw fee. Sits unused until you need it. Needs 3 years and a 650.

A defined purchase or projectTerm loan. $10K–$250K, 0% origination, weekly payments, 50% off remaining interest on early payoff. First position only.

Under 3 years, or credit in the 600sRevenue-based funding. From 6 months in business, a 600 score and $60,000 revenue. Costs more; funds files the first tier turns away.

You invoice and wait to be paidInvoice factoring. Advances against invoices already issued. Only for B2B — no use if you are paid at the point of sale.

Buying the asset itselfEquipment financing. Secured by the equipment, so it prices below unsecured and leaves working capital free.

Already carrying an advanceRefinance or buyout. Balances of $100,000 or less can be bought out and moved to weekly payments.

The question that eliminates most of the list

Do you know exactly what the money is for, and exactly how much? If yes, a term loan is almost always cheaper. If the need is uncertain or recurring, a line of credit costs less because you only pay for what you draw.

Everything else — factoring, equipment, refinancing — is decided by a fact about your business rather than a preference. You either invoice and wait, or you do not. You either already carry an advance, or you do not.

Not sure which tier you clear? Five questions, real answer →

How it works

1. Apply in minutes

A short application. No impact to your credit score to see what you qualify for.

2. Same-day decision

We review revenue, time in business and bank activity — not just a credit score.

3. Review your terms

You see the amount, the term and the total cost before you sign anything.

4. Funded next business day

Money in your account, typically the next business day after signing.

Common questions

What are my business loan options?

Six realistic ones: a line of credit, a term loan, revenue-based funding, invoice factoring, equipment financing, or refinancing an advance you already carry.

Which business loan option is cheapest?

A term loan at 0% origination, if you clear 3 years in business and a 650 credit score.

What if I do not qualify for the cheapest option?

Revenue-based funding starts at 6 months in business and a 600 score.

Can I have more than one?

Up to 2 positions. But taking additional financing while a line of credit is open freezes the line.

Business loan options: matched to the situation, not the sales pitch.