Your Complete Guide to Business Funding
Compare products, check your eligibility, estimate payments, and find the right funding for your industry. Everything you need to make an informed decision about business financing.
Product Comparison
Funding Comparison Guide
Compare all 9 business funding products side by side. Find the right fit based on amount, rate, speed, and your credit profile.
| Product | Amount | Rate | Terms | Speed | Credit | Best For |
|---|---|---|---|---|---|---|
| Term Loan | $10K - $500K | From 7.99% | 6 - 60 mo | 24 hrs | 550+ | Expansion, renovations, large purchases |
| Line of Credit | $10K - $250K | From 8.99% | Revolving | Same day | 600+ | Cash flow, seasonal needs, recurring expenses |
| Merchant Cash Advance | $5K - $400K | Factor 1.10-1.50 | 3 - 18 mo | Same day | 500+ | Daily sales businesses, lower credit scores |
| SBA Loan | $50K - $5M | From 5.50% | Up to 25 yr | 30-90 days | 680+ | Lowest rates, long-term growth, real estate |
| Equipment Financing | $10K - $1M+ | From 5.99% | 12 - 84 mo | 24-48 hrs | 550+ | Equipment purchases, fleet expansion |
| Invoice Factoring | Up to 90% invoice | 1-5% fee | Per invoice | 24 hrs | Any | B2B businesses, slow-paying customers |
| Revenue-Based | $10K - $500K | Factor 1.15-1.55 | 3 - 18 mo | 24-48 hrs | 500+ | Growing businesses, variable revenue |
| Same-Day Funding | $5K - $250K | Factor 1.15-1.50 | 3 - 12 mo | Same day | 500+ | Emergencies, time-sensitive opportunities |
| Inventory Loan | $10K - $500K | From 8.99% | 6 - 24 mo | 24-48 hrs | 550+ | Retail, e-commerce, seasonal stocking |
Payment Estimator
Business Funding Calculator
Estimate your monthly payments based on common business loan scenarios. Actual rates and terms depend on your specific business profile.
Loan Amount
$50,000
Loan Amount
$100,000
Loan Amount
$150,000
Loan Amount
$250,000
Estimates are for illustrative purposes only. Actual rates, terms, and payments vary based on creditworthiness, revenue, time in business, and lender criteria. Apply for a personalized quote.
Eligibility
Eligibility Quick-Check
Check off each item below. If you meet most of these basic requirements, you likely qualify for at least one product through our 300+ lender network.
Your business has been operating for at least 3 months
Requirement: 3+ months in business
Your business generates at least $8,000 per month in revenue
Requirement: $8K+ monthly revenue
You have an active business bank account
Requirement: Active bank account
Your business is registered in the United States
Requirement: US-based business
You are 18 years of age or older
Requirement: 18+ years old
Your business is a valid legal entity (LLC, Corp, Sole Prop, Partnership)
Requirement: Valid business entity
Meet at least 4 of 6? You likely qualify!
Even if you do not meet every criterion, many of our lending partners have flexible requirements. Apply for free and see what options are available.
Check Your EligibilityIndustry Guide
Funding by Industry
Find the best funding products for your specific industry. Each recommendation is based on common needs and what works best for businesses like yours.
Restaurants & Food Service
Kitchen equipment, renovations, seasonal cash flow, second locations
Construction & Contracting
Heavy equipment, project working capital, bonding support
Medical & Dental Practices
Medical devices, practice expansion, EHR systems, acquisitions
Trucking & Transportation
Fleet expansion, fuel costs, DOT compliance, trailer financing
Auto Repair & Body Shops
Diagnostic equipment, lifts, paint booths, parts inventory
E-Commerce & Retail
Seasonal inventory, marketing spend, warehouse space, fulfillment
Agriculture & Farming
Farm equipment, crop inputs, irrigation, livestock, seasonal bridge
Technology & SaaS
Product development, marketing, hiring, infrastructure
Professional Services
Office buildout, technology, hiring, bridge between client payments
Manufacturing
Machinery, raw materials, facility expansion, supply chain
Real Estate
Property purchase, renovations, fix-and-flip, bridge financing
Hospitality & Hotels
Property improvements, furniture, technology, staffing
Fitness & Wellness
Equipment, facility buildout, franchise fees, marketing
Seasonal Businesses
Pre-season inventory, staffing, marketing, off-season carrying costs
Reference
Glossary of Business Funding Terms
Understanding the terminology helps you make better funding decisions. Here are the key terms you will encounter during the business funding process.
APR (Annual Percentage Rate)
The total annualized cost of borrowing, including interest and fees. Used for term loans and lines of credit. A lower APR means lower cost.
Factor Rate
A decimal multiplier (e.g., 1.25) used to calculate total repayment for MCAs and revenue-based financing. Multiply the funded amount by the factor rate to get total repayment.
Holdback
The percentage of daily credit card or debit card sales automatically deducted to repay a merchant cash advance. Typically ranges from 5% to 20%.
Working Capital
Funds used to cover day-to-day business operating expenses like payroll, rent, utilities, and inventory.
Collateral
An asset pledged to secure a loan. If the borrower defaults, the lender can seize the collateral. Equipment financing uses the equipment itself as collateral.
Personal Guarantee
A promise by the business owner to personally repay the loan if the business cannot. Common with most business funding products.
Soft Credit Inquiry
A credit check that does NOT affect your credit score. Used during pre-qualification and initial applications.
Hard Credit Inquiry
A credit check that may temporarily lower your credit score by a few points. Typically occurs only when you accept a specific lender offer.
ACH (Automated Clearing House)
An electronic payment system used for automatic loan repayments from your bank account. Most business loans use ACH for payments.
UCC Filing
A public notice (Uniform Commercial Code) filed by a lender indicating they have a security interest in your business assets.
Debt Service Coverage Ratio (DSCR)
A measure of your ability to cover debt payments with business income. Calculated as net operating income divided by total debt service. Lenders prefer DSCR of 1.25 or higher.
Revolving Credit
A credit arrangement allowing repeated borrowing up to a set limit as you repay. Business lines of credit are revolving credit.
Receivables
Money owed to your business by customers for goods or services already delivered. Invoice factoring converts receivables into immediate cash.
Bridge Financing
Short-term funding used to bridge a gap until longer-term financing or revenue is available. Common in real estate and project-based businesses.
Prepayment Penalty
A fee charged for paying off a loan before the scheduled end date. Most Quick Loans Direct products have no prepayment penalty.
Net Operating Income (NOI)
Your business revenue minus operating expenses, before taxes and interest. Used by lenders to assess your ability to repay.
SBA 7(a) Loan
The most common SBA loan program, providing up to $5 million for general business purposes including working capital, equipment, and real estate.
SBA 504 Loan
An SBA program specifically for purchasing fixed assets like real estate and large equipment. Offers long terms and low down payments.
Invoice Factoring vs. Invoice Financing
Invoice factoring sells your invoices to a third party who collects payment. Invoice financing uses invoices as collateral for a loan, but you still collect from customers.
Amortization
The process of spreading loan payments over time. A fully amortized loan is completely paid off at the end of the term through regular payments of principal and interest.
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