Medium-Term Loan
A medium-term loan is a simple interest business loan with a low rate and flexible terms ranging from one to five years, with no prepayment penalties. No collateral is required for a medium-term loan, but a personal guarantee is needed.
Benefits
- Low rates and flexible terms
- No prepayment penalties
- No collateral required
- Personal guarantee required
Short-Term Funding
Short-term funding can help you take care of immediate needs in your business, whether that is a cash-flow shortfall or a new business opportunity. No collateral is required for short-term funding, the required documentation is limited and perfect credit not needed. Nearly every industry can get short-term funding.
Benefits
- No collateral required
- Limited documentation needed
- Perfect credit not required
- Nearly every industry accepted
Invoice Financing
Invoice financing is based on your outstanding invoices or receivables, and the underwriting process is based on your customer, not your business. Minimal documentation is required and there are no pre-payment penalties.
Benefits
- Quick access to future receivables
- Customer based underwriting process
- Minimal documentation required
- No pre-payment penalties
Business Line Of Credit
A line of credit is a flexible short-term financial tool that you can use for a variety of business needs, from working capital to purchasing inventory and more. You draw it down as needed and repay weekly.
Benefits
- Only pay interest on funds drawn
- Credit is available when needed
- Nearly every industry accepted
- May require collateral
SBA Loan
An SBA loan is a low-interest, government-backed loan, with the longest terms and lowest rates available. Repaid monthly, it is available to businesses that have been in business for at least two years. Collateral is required for loans of more than $26,000.
Benefits
- Longest terms and lowest rates available
- Monthly repayment structure
- Minimum 2 years in business
- Collateral required above $25,000
Equipment Financing
You need to add equipment to your business but you don't want to tie up your capital. Equipment finance is available with little or no down payment, in both lease and loan options. The approval process is fast approval, the payment schedule is affordable and there are potential tax advantages.
Benefits
- Fast approval process
- Potential tax advantages
- Lease and loan options available
- Affordable payment schedule
Franchise Financing
Franchise financing is a short-term funding choice that can help you meet even the most substantial expenses of running a franchise business. The underwriting process is based largely on the strength of the franchisor.
Benefits
- No collateral required
- Minimal documentation required
- Most industries accepted
- Up to $500,000 per location
Medical Financing
With terms of up to 10 years, medical financing can help your practice acquire new equipment, improve your facilities and take advantage of new business opportunities.
Benefits
- No hard collateral required
- Terms up to 10 years
- Perfect credit not required
- Flexible use of funds