- Small Business Administration (SBA) loans
- Online lenders
- Business lines of credit
- Equipment financing
- Invoice financing
Small Business Administration (SBA) loans
SBA loans are government-guaranteed loans that offer competitive rates and longer repayment terms. To qualify, businesses must meet SBA size standards, have a solid business plan, and demonstrate the ability to repay the loan.
Online lenders
Online lenders provide quick and convenient access to small business loans. Qualification requirements may include a minimum credit score, a certain amount of annual revenue, and a specified time in business.
Business lines of credit
A business line of credit provides flexible access to funds that can be used for various business needs. To qualify, businesses typically need to have a good credit score, a strong revenue history, and a solid business plan.
Equipment financing
Equipment financing allows businesses to purchase or lease equipment with a loan. Qualification may depend on the type of equipment being financed, the business's credit history, and its ability to make the required payments.
Invoice financing
Invoice financing enables businesses to receive advances on outstanding invoices. Qualification requirements often include a minimum credit score, a certain amount of monthly invoice volume, and the creditworthiness of the business's customers.