Business

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  • Term Loan
    A term loan is a common form of business financing. You get a lump sum of cash upfront, which you then repay with interest over a predetermined period.
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  • SBA Loan
    The Small Business Administration guarantees these loans, which are offered by banks and other lenders. Repayment periods on SBA loans depend on how you plan to use the money. They range from seven years for working capital to 10 years for buying equipment and 25 years for real estate purchases.
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  • Business Line of Credit
    A business line of credit provides access to funds up to your credit limit, and you pay interest only on the money you’ve drawn. It can provide more flexibility than a term loan.
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  • Merchant cash advances
    You get a lump sum of cash upfront that you can use to finance your business.

    Instead of making one fixed payment each month from a bank account as you would with a term loan, you make payments on a merchant cash advance either by withholding a percentage of your credit and debit card sales daily, or by fixed daily or weekly withdrawals from a bank account.
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