Fast and flexible options
Business Cash Advance
Advanced against future earnings, which makes it the fastest here and the one the banner's claims actually fit.
- What is pledged
- Nothing
- What credit is asked
- Lenient — it leans on takings
- How long you must have traded
- Not stated
- What revenue is asked
- Not stated
- What it may be spent on
- Not stated
- How it comes back
- Out of future earnings
Cash advance
What a cash advance is, from this office's own page
A business cash advance is one of the swiftest ways to funding because you are borrowing against your business's future earnings rather than against your record. Unlike the loans on this site it typically requires no collateral, and the money can be with you in as little as 24 hours.
Qualifying is usually as quick as the funding. The requirements are, in this site's own words, typically pretty lenient — which is why this is the one programme of the six where “bad credit is OK” is a claim about the product rather than about the advertising.
Securing an affordable factor rate is the whole game. Borrowing too much raises the cost of repayment and borrowing too little leaves you in the position you were trying to get out of, so work out the amount first and have a funding manager compare the offers against it.
What holds
Where the banner is true of this one
- What is pledged: Nothing
- What credit is asked: Lenient — it leans on takings
- How it comes back: Out of future earnings
The application
Get your loan offer
One application reaches the whole network and qualifies you for all six programmes. There is no application fee, no cost to apply and no obligation to take anything that comes back.
Rather talk to somebody first? (866) 221-4074.
The grid
Its column, beside the other five
| What differs | Business Term Loan | Business Line of Credit | Short-Term Business Loan | Working Capital Loans | Equipment Financing | Business Cash Advance |
|---|---|---|---|---|---|---|
| What is pledgedThe banner says No Collateral. One of the six is secured on a thing, two more may ask. | Not stated | A personal guarantee may be asked | Collateral may be asked | Nothing | The equipment itself | Nothing |
| What credit is askedThe banner says Bad Credit is Ok. Two of the six publish a floor and two more want “solid credit”. | Not stated | 560 or higher | “Solid credit” | “Solid credit” | 650 or higher | Lenient — it leans on takings |
| How long you must have tradedThe widest spread here: six months for one programme, two years for two others. | Not stated | 6 months | 2 years | 2 years | 12 months | Not stated |
| What revenue is askedTwo of the six publish a revenue floor. Four say nothing about it at all. | Not stated | $50,000 a year | Not stated | Not stated | $50,000 a year | Not stated |
| What it may be spent onThe banner says No Restrictions. Five are open; one buys a specific thing, which is the point of it. | A major capital investment | Almost any business need | Costs, slumps, short projects | Growth, and day-to-day | The equipment | Not stated |
| How it comes backThe one figure block gives all six a 12-36 month term. Two of them have no term in that sense at all. | Fixed rate, fixed period | Revolving — interest on what is drawn | Like a term loan, compressed | Short-term | Over the equipment's life | Out of future earnings |