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
Working Capital Loan
Liquidity for payroll, rent, stock and the weeks that do not line up.
- Amount
- $10,000 – $500,000
- Term
- 3 – 24 months
- Cost
- Not published
- Funded in
- 24 hours
Working capital
How it works, and where it fits badly
Working capital funds the running of the business rather than a purchase. It covers the ordinary distance between money going out and money coming in — payroll in a slow stretch, suppliers who want paying before your customers have paid you, a seasonal dip you can see coming.
Nothing is pledged for this programme. It is not tied to an asset, which is what separates it from equipment financing and makes it the one most businesses here actually need.
What it gives you
Why an owner takes this one
- Nothing pledged for this programme
- Any everyday operating cost
- Funded within a day of approval
- Nothing payable to Spark at any stage
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.
Rather talk to somebody first? (844) 311-3511.
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
Revenue-Based Funding
A sum against future card sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- Not published
Revenue-based funding 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.
