Different Types of Loans We Offer

Business Line of Credit

Loan Amount:
$1,000-$500,000
Term:
1-2 Year Maturity Date
Payment Frequency:
Monthly

Think of a line of credit as a soft, cozy financial cushion for your business. It’s there if you need it, but you’re not required to use it. If you have a credit score of 560 or higher, you’ll probably qualify for a line of credit.

SBA Loans

Loan Amount:
$50,000-5,000,000
Term:
10-25 Years
Payment Frequency:
Monthly

SBA loans were developed by Uncle Sam to support small business growth in America. They’re offered by lenders and backed by the U.S. Small Business Administration (SBA). We offer several different SBA loan options, including SBA 7a, SBA 504, and SBA Express loans.

Short Term Loan

Loan Amount:
$2,500-500,000
Term:
1-3 Years
Payment Frequency:
Daily, Weekly, or Bi-Monthly

Surprises happen – and that’s why the short term loan exists. It can help you stay afloat during a temporary cash shortage or manage the overhead that comes with taking on an unusually large project. You may need collateral and you’ll definitely need experience in your business’s field.

Merchant Cash Advance

Loan Amount:
$5,000-2,000,000
Term:
1-5 Years
Payment Frequency:
Weekly, Bi-Monthly, or Monthly

A term business loan is a standard loan that offers fixed interest rates, regular repayment terms, and a fixed maturity date. See, pretty standard. This kind of loan is best for a business that isn’t brand new, and it can be used to fund anything from an expansion to an equipment purchase.

Business Credit Card

Loan Amount:
$500-20,000
Term:
Revolving
Payment Frequency:
Monthly

Whether you’re just starting out or a well-established business, a business credit card is the easiest way to cover unexpected costs, small or large. And you can choose one with a rewards program to bolster your cash benefits or just get some cool free stuff online.

Equipment Financing

Loan Amount:
$5,000-5,000,000
Term:
1-5 Years
Payment Frequency:
Monthly

Yes, you can afford that new backhoe, telephone system, or convection oven. Maybe even all three, although that’s a weird combo. Because business equipment varies so much between industries, there are several different equipment financing options to choose from.

Commercial Mortgage

Loan Amount:
$250,000-5,000,000
Term:
20-25 Years
Payment Frequency:
Monthly

A commercial mortgage can help you buy, build, expand, remodel, or refinance. And it offers several sweet benefits: it’s a secure piece of collateral, typically has low interest rates, and helps you start earning equity. Plus, building stuff is just the grownup version of playing with Legos.

American Express Merchant Financing

Loan Amount:
$5,000-2,000,000
Term:
1-2 Years
Payment Frequency:
Daily

If your business accepts American Express as a form of payment, your flexibility may pay off – literally. You can get financing from American Express to increase your inventory, hire more staff, start an expansion project, buy new equipment, and much more.

Accounts Receivable Financing

Loan Amount:
Up to 80% of A/R
Term:
Up to 1 Year
Payment Frequency:

Stop feeling broke while you’re waiting for those Net-30 receivables to roll in. You can use accounts receivable financing to get an advance from a lender on the money you’re owed for completed services. Bonus fact: the rates are typically lower than they are for a cash advance.

Startup Loan

Loan Amount:
$500-750,000
Term:
Revolving Credit – 25 Years
Payment Frequency:
Monthly

Use a startup loan to launch your new business without giving up any equity or borrowing a chunk of cash from Uncle Lester. It’s also an excellent way to establish business credit. If your credit score is 680 or above, you’re a prime candidate for a startup loan.

Business Term Loan