Business Funding Options Compared

Best for: Established businesses seeking large, long-term financing Key Features: • Fixed monthly payments • Terms from 1-10 years • Rates from 1.99% APR • Amounts up to $3,000,000 Requirements: • Good credit score (650+) • 2+ years in business • Strong revenue history • Collateral may be required

Best for: Small businesses seeking government-backed financing Key Features: • Lower down payments • Longer repayment terms • Rates from 3.75% APR • Amounts up to $5,000,000 Requirements: • Credit score 640+ • 2+ years in business • Must meet SBA size standards • Detailed documentation needed

Best for: Businesses needing flexible, ongoing access to funds Key Features: • Draw funds as needed • Pay interest only on used amount • Rates from 4.99% APR • Credit lines up to $500,000 Requirements: • Credit score 600+ • 6+ months in business • Regular revenue • Less documentation needed

Best for: Purchasing business equipment or machinery Key Features: • Equipment serves as collateral • Fixed terms and payments • Rates from 3.99% APR • Up to 100% of equipment value Requirements: • Credit score 600+ • Down payment may be required • Equipment appraisal needed • Business plan for startups

Best for: B2B businesses with outstanding invoices Key Features: • Quick access to cash • No debt incurred • Rates from 0.5% per week • Up to 90% of invoice value Requirements: • B2B/B2G invoices • Creditworthy customers • No minimum credit score • Minimum invoice amounts

Best for: Retail businesses with consistent card sales Key Features: • Based on card sales volume • Flexible daily repayment • Factor rates from 1.1 • Up to $500,000 available Requirements: • 3+ months card processing • Minimum monthly revenue • No collateral needed • Less emphasis on credit score