All programs

Six programs, and the bar each one sets

Each card carries the amount and the term this office publishes. The page behind it carries the rest: the minimums a lender will look for, and the papers they will ask to see.

Term loan: $25,000 – $500,000
Line of credit: $10,000 – $250,000
Short-term loan: $5,000 – $100,000
Working capital loan: $15,000 – $300,000
Equipment financing: $20,000 – $1,000,000
Merchant cash advance: $5,000 – $200,000

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The six programs

Pick by what the money has to do, then check the bar.

Two managers checking stock against an order between stacks of cardboard in a packaging warehouse.

Term Loan

A lump sum and a fixed schedule, for the purchase you have already priced.

Amount: $25,000 – $500,000
Term: 6 months – 5 years
Repayment: Fixed monthly payments
Rate: Set in the lender's offer

Term loan: the bar and the papers →

The owner of a plant nursery standing among the beds under its shade canopy.

Business Line of Credit

A limit to draw on when it is needed, and interest only on what is drawn.

Limit: $10,000 – $250,000
Interest: On the amount drawn only
Draws: Repay and draw again
Rate: Set in the lender's offer

Line of credit: the bar and the papers →

A workshop owner in an apron costing a job on a tablet, pencil in hand.

Short-Term Business Loan

A smaller sum repaid within months, for a need that cannot wait for a bank.

Amount: $5,000 – $100,000
Term: 3 – 18 months
Paperwork: Three months of statements
Rate: Set in the lender's offer

Short-term loan: the bar and the papers →

A furniture designer at her drawing table, sketches pinned to the wall behind her.

Working Capital Loan

Money for the running of the business — wages, rent, suppliers — without pledging what it owns.

Amount: $15,000 – $300,000
Term: 6 months – 3 years
Collateral: None required
Approval: 24 – 48 hours

Working capital loan: the bar and the papers →

A chauffeur in white gloves beside the open door of the car he drives.

Equipment Financing

Buy or lease what the business runs on, and let the equipment secure it.

Amount: $20,000 – $1,000,000
Term: 2 – 7 years
Down payment: 0% – 20%
Approval: 24 – 72 hours

Equipment financing: the bar and the papers →

A car at the pump of a filling station at dusk, the store lit behind it.

Merchant Cash Advance

Cash now against future card sales, repaid as a share of each day's takings.

Advance: $5,000 – $200,000
Repayment: A share of daily card sales
Funding: 24 – 48 hours after approval
Card sales: $5,000+ a month

Merchant cash advance: the bar and the papers →

Before you choose

Three questions that narrow six programs to one or two.

What is it for?: A machine, a gap between invoices, a season, a second site. A purchase with a price on it suits a loan with a fixed term; a need that comes and goes suits a line of credit.
How soon is it needed?: The quicker programs ask less of a business and cost more for it. If the need can wait a week, the slower programs usually repay that patience.
What will it cost in total?: Not the rate on its own: the rate, the fees, how often the payments fall and for how long. The offer puts all of it in one place, and that is the page to compare.

Own it or lease it

The same machine, two ways to pay for it.

Equipment is the one program where the choice is not only how much and how long. A loan leaves the business owning the thing; a lease leaves it using the thing. Which is right depends on how long the equipment earns its keep.

A metalworker at his bench among machines he has owned for years.

Path 1

A purchase loan

Borrow the price, repay it over two to seven years, and the equipment is the business's once the last payment clears.

The business owns it outright at the end
It sits on the books as an asset
Depreciation, and Section 179 where it applies
No mileage or hours limit on how it is used
It can be sold on when it is done

Best for Kit that works for many years: an oven, a lathe, a van, a chair in a dental surgery.

A hotel room whose furniture and fittings are refreshed on a cycle.

Path 2

An equipment lease

Pay for the use of it over an agreed period, and hand it back, renew or upgrade when the period runs out.

Lower monthly payments than buying
Move to the newer model when the term ends
Up to 100% of the cost can be financed
Payments may be deductible
Maintenance can be written into the agreement

Best for Kit that dates quickly: computers, point-of-sale systems, anything with a newer version every few years.

Down payment0% to 20%

What a lender asks up front on equipment financing, depending on the machine, the business and whether it is bought or leased. Some leases are written with nothing down.

Tax treatment depends on the business and the year; an accountant, not this page, is the one to ask. Equipment financing, in full →

The application

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About fifteen minutes, a soft inquiry rather than a hard pull, and no obligation to take what comes back.