FUNDING PROGRAMS
Business Line of Credit
A revolving credit facility that allows businesses to withdraw funds up to a set limit and pay interest only on the amount used.
Loan Amount: $10,000 – $500,000
Term: Typically 6 months – 2 years
Interest Rate: Starts at 6% APR (varies based on creditworthiness)
Repayment Structure: Weekly or monthly payments
Best Use Cases: Managing cash flow fluctuations Covering short-term expenses (e.g., payroll, inventory purchases) Unexpected emergency expenses
Business Term Loan
A lump sum loan repaid over a fixed period with regular payments.
Loan Amount: $10,000 – $5,000,000
Term: 1 – 10 years
Interest Rate: 6% – 30% APR (based on credit and financials)
Repayment Structure: Fixed monthly payments
Best Use Cases: Business expansion Large investments in equipment, technology, or marketing Refinancing high-interest debt
Commercial Real Estate Loan
Financing for purchasing, refinancing, or renovating commercial properties.
Loan Amount: $100,000 – $10,000,000Term: 5 – 30 years
Interest Rate: 4% – 12% (fixed or variable)
Repayment Structure: Monthly payments, potential balloon payments
Tax Benefits: Enjoy potential tax advantages, including deductions for interest and depreciation.
Best Use Cases: Acquiring commercial property (e.g., office buildings, retail spaces, warehouses) Renovating or upgrading an existing property Refinancing existing commercial real estate loans
Equipment Financing
A loan or lease specifically for acquiring business equipment.
Loan Amount: $10,000 – $5,000,000Term: 2 – 7 years
Interest Rate: 5% – 30% APR
Repayment Structure: Fixed monthly payments
Best Use Cases: Purchasing machinery, vehicles, or office technology Upgrading outdated equipment Financing new equipment without large upfront costs.
Invoice Factoring
A financial transaction where businesses sell unpaid invoices to a factoring company in exchange for immediate cash.
Loan Amount: Up to 90% of invoice value
Term: Until invoice is paid (typically 30 – 90 days)
Interest Rate: 1% – 5% per invoice (factoring fee)
Repayment Structure: Repaid when customer pays the invoice
Best Use Cases: Businesses with slow-paying customers Immediate access to cash flow for operational expenses Avoiding traditional loan debt.
Merchant Cash Advance (MCA)
A lump sum advance repaid through a percentage of daily credit card sales.
Loan Amount: $5,000 – 1,000,000
Term: Typically 3 – 18 months
Factor Rate: 1.10 – 1.50 (not APR-based)
Repayment Structure: Daily or weekly deductions from revenue
Best Use Cases: Quick funding for short-term expenses Businesses with strong credit card.
Sales: Covering operational costs without a fixed repayment schedule
SBA Disaster Loans
Loans provided to businesses affected by declared disasters.
Loan Amount: Up to $2,000,000
Term: Up to 30 years
Interest Rate: 4% or lower
Best Use Cases: Repairing or replacing damaged business property Covering operational expenses during recovery
SBA 7 (a) Loan (Most Common)
The most common SBA loan for general business use.
Loan Amount: Up to $5,000,000
Term: Up to 25 years (real estate), 10 years (working capital)
Interest Rate: Prime + 2.75%
Best Use Cases: Business expansion Acquiring commercial property Long-term capital needs
SBA 504 Loan
Designed for purchasing fixed assets such as real estate and equipment
Loan Amount: Up to $5,500,000
Term: Up to 25 years
Interest Rate: Below market rates (typically 3% – 6%)
Best Use Cases: Large asset purchases (real estate, heavy equipment)
Business modernization projects
SBA Microloan
Small-dollar loans for startups and small
businesses.
Loan Amount: Up to $50,000
Term: Up to 6 years
Interest Rate: 6% – 9%
Best Use Cases: Startups and small business funding Working capital for early-stage companies
SBA Express Loan
A streamlined version of the SBA 7(a) loan with a faster approval
process.
Loan Amount: Up to $500,000
Term: Up to 10 years
Interest Rate: Prime + 4.5%
Best Use Cases: Quick access to working capital Short-term expansion needs
SBA Caplines
A specialized SBA program offering lines of credit for businesses with seasonal or cyclical
needs.
Loan Amount: Up to $5,000,000
Term: Up to 10 years
Interest Rate: Variable
Best Use Cases: Seasonal working capital needs Covering short-term cash flow fluctuations
When Choosing the Right Funding Option
Each funding program serves different business needs.
Factors like repayment ability,
urgency, and creditworthiness play a role in determining the best financing option.
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