Get to Know Your Business Financing Options

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Navigating the different business financing options can be confusing. There are over 44 different types! We review the most common choices, so you can find the best fit for your business needs. Whichever route you go, building stronger credit will let you access more capital and get the best rates. Click on any business financing option for a deeper dive into its pros and cons.

Financing Types Loan Amounts Interest Rates Repayment Terms Turnaround Time Credit Criteria

SBA Loan

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$50,000 –
$5 million
6% – 13% 5 – 25 years 30 days – 6 months Usually requires a minimum business credit score (FICO SBSS)

Traditional Bank Loan

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$250,000 + 5% – 10% 1 – 20 years 2 – 4 months
Usually requires strong personal and/or business credit scores

Non-Bank, Online Loan

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$25,000 – $500,000 7% – 30% 1 – 5 years 2 – 7 days Less important, but still a main factor

Micro-Loan

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$500 – $50,000 8% – 15% 1 -5 years 1 – 3+ months Less important, but still a main factor

Merchant Cash Advance

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$200 – $250,000 15% – 150% 3 – 12 months 1 – 7 days Not required

Cash Flow Loan

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$200 – $100,000 25% – 90% 6 – 12 months Minutes – 3 days Less important , but still a factor

Business Credit Cards

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$250 – $25,000 13% 25% 30 days 1 – 3 weeks Personal and/or business credit are a main factor.

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