how it works
the processAnswer a few questions in less than 3 minutes, no impact to your credit score, compare multiple offers. YOU are in the driver's seat!
small business enthusiast
what we doUsing proprietary technology, we quickly review your business information and match you with the right Lending partners. We are connected to a vast network of lending professionals we hand pick to help fund your capital needs. With loan standards frequently changing we stay on top of it all for you, delivering the right lenders at the right time.
Short Term Loan
A loan that is set to be paid back in a short period of time—typically within a year or two, sometimes longer. Most common uses include working capital, inventory or equipment purchases, and marketing. Short term loans also typically allow for quicker and easier access to funds with more flexible underwriting standards.
Long Term Loan
A long-term loan is smart to consider when making a large investment or looking to expand, typically 5 to 10-year terms with potential up to 20+. These loans can have a fixed interest rate, or floating rate. Longer term loans also may require collateral like real estate be pledged when securing the loan.
Line of Credit
A revolving loan that provides a fixed amount of capital that can be accessed when needed. Unlike a traditional term loan, all or part of a line of credit can be accessed on demand up to a fixed limit. The borrower pays interest only on the outstanding principal amount in use.
Merchant Cash Advance
While not technically a loan, a cash advance typically does not require a true Personal Guarantee so may be more risky for the lender. Cash advances generally do not have a set term, payment schedule and stated interest rate like a traditional loan. Instead, cash advances typically have a total payback and purchase a fixed percentage of the borrowers future cash receivables.
frequently asked questions
A:A bankruptcy in your past doesn’t necessarily preclude you from getting a small business loan, but it might make it more challenging. Not all lenders have the same requirements after bankruptcy, but it’s unlikely a borrower would qualify within the first year. Many lenders will require at least one year of improving credit history following the disposition of a bankruptcy.
A:Timing for receiving approved funding depends on many factors. Each lending partner has its own approval processes, and results in differing funding timelines. The typical time to fund can be anywhere from 24 hours to 1 week.
A:A line of credit is a revolving credit facility that provides a predetermined capital limit that can be accessed as needed. Unlike a traditional term loan, all or part of the line can be accessed at any time up to the predetermined limit. Interest is only paid upon the amount actually used.
A:Collateral is any asset or assets, which can be offered by a borrower to secure a loan. Should a borrower default, the lender can take possession of the asset, or assets, to satisfy the loan.