Find the right financing for your business -- from SBA loans to same-day funding
Get Matched With Lenders →Government-backed loans up to $5M with the lowest rates
Learn More →Finance machinery, vehicles and technology
Learn More →Flexible revolving credit for cash flow needs
Learn More →Short-term funding to cover operating expenses
Learn More →Fixed-rate loans with predictable payments
Learn More →Business Loans $5K -- $5M | Same-Day Decisions | 550+ Credit Score
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SBA loans are partially guaranteed by the U.S. Small Business Administration, which allows lenders to offer lower interest rates and longer repayment terms than conventional financing. The most popular program, the SBA 7(a) loan, provides up to $5 million for working capital, equipment purchases, real estate, and business acquisitions.
The trade-off for favorable terms is a more rigorous application process. Borrowers typically need a credit score of 680 or higher, at least two years in business, and thorough documentation including tax returns and a formal business plan. Approval can take 30 to 90 days, so SBA loans are best suited for planned investments rather than urgent cash needs.
A business term loan provides a lump sum of capital that you repay over a fixed schedule with regular payments. Terms range from one to ten years depending on the lender and loan amount. Interest rates can be fixed or variable, and many online lenders offer term loans with faster approval than traditional banks.
Term loans work well for specific, one-time investments such as expanding to a new location, purchasing inventory in bulk, or funding a marketing campaign. Because payments are predictable, they make budgeting straightforward. Qualification typically requires at least six months in business, $100,000 or more in annual revenue, and a personal credit score of 600 or above.
A business line of credit gives you access to a pool of funds that you can draw from as needed, similar to a credit card but typically with lower interest rates and higher limits. You only pay interest on the amount you actually use, and as you repay, those funds become available again for future draws.
Lines of credit are ideal for managing cash flow gaps, covering seasonal fluctuations, or handling unexpected expenses. Most lines range from $10,000 to $250,000. Lenders generally require at least six months in business and a credit score of 580 or higher. Revolving lines renew automatically, while non-revolving lines close once the balance is repaid.
Equipment financing allows you to purchase or lease business equipment while spreading the cost over time. The equipment itself serves as collateral, which means approval rates are higher and interest rates are lower than unsecured financing. You can finance everything from commercial vehicles and manufacturing machinery to computers and restaurant ovens.
Most equipment loans cover 80% to 100% of the purchase price with repayment terms of two to seven years. Because the loan is secured by the asset, lenders are more flexible on credit requirements, often approving borrowers with scores as low as 550. Equipment financing preserves your working capital while still allowing you to acquire the tools your business needs to grow.
