Term Loan
A lump sum repaid over a set period, at a rate that does not move.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
The six programmes
Line of Credit
A revolving limit you draw against, repay, and draw against again.
- Amount
- Up to $1,000,000
- Term
- 6 – 36 month draw term
- Cost
- From 4.5%
- Funded in
- 1 – 2 days
Line of credit
How it works, and where it fits badly
A line of credit is an approved limit rather than a lump sum. You draw what you need when you need it, interest accrues only on what is actually drawn, and as you repay the room comes back.
It is the right shape for a need that is real but not yet dated: a season that might be busy, an order that might land, a customer who might pay late. Undrawn, it costs nothing.
What it gives you
Why an owner takes this one
- Interest only on what is drawn, not on the whole limit
- Revolving — repay and draw again on the same facility
- No obligation to use it once it is open
- Any business purpose: inventory, payroll, a hire, a surprise
Apply
One application. 50+ lenders. Fifteen minutes.
About fifteen minutes. One application reaches 50+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
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The six programmes
Where it sits among the six
Line of Credit
A revolving limit you draw against, repay, and draw against again.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Short-Term Business Loan
Fast capital with a clear payoff date, measured in months rather than years.
- Amount
- $5,000 – $500,000
- Cost
- Weekly or daily payments
Working Capital Loan
Liquidity for payroll, rent, stock and the weeks that do not line up.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The largest and the longest: up to $5M, over as much as seven years.
- Amount
- Up to $5,000,000
- Cost
- Up to 100% financed
Merchant Cash Advance
A sum against future card sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- Not published
The merchant cash advance is not priced like the other five. It is bought at a discount on future sales rather than lent at a rate, which means settling it early does not make it cheaper — the amount repayable is fixed at the start. Any comparison that puts it beside an interest rate is comparing two different things, and the figure to ask for is the total repayable in dollars.