Get to Know Your Business Financing Options

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 busy 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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