Comparison
The right term is not the cheapest one or the easiest one. It is the one that matches how long the thing you are buying will keep producing.
✓ Checking what you qualify for does not affect your credit score.
The short answer: Match the term to the working life of what you are funding. Inventory that turns in 90 days should not be financed over 36 months, and a piece of equipment that runs for a decade should not be crammed into a 12-month payment.
Financing short-lived inventory over a long term means you are still paying for goods you sold months ago. Financing long-lived equipment over a very short term means a payment the business cannot comfortably carry while the equipment is still ramping up.
Either mismatch shows up as strain in the bank statements, which is what the next underwriter reads.
A short application. No impact to your credit score to see what you qualify for.
We review revenue, time in business and bank activity — not just a credit score.
You see the amount, the term and the total cost before you sign anything.
Money in your account, typically the next business day after signing.
A shorter term, because you are paying for the money for less time.
A longer term, because each payment is smaller.
12 to 18 months on a term loan. 12 to 36 months on a line of credit.
Yes. A full early payoff on the term loan earns a 50% discount on the remaining interest.
A renewal is available once 50% of the original balance is repaid.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
