Mar 25, 2015

Small Business Loan Bracketology: Game 6, Asset Loans vs. ACH

ACH just came out of a big win over Peer-to-Peer, but faces a big challenger in Asset Loans that offers lower rates and better terms. Both options offer quick funding and flexible borrower requirements.

Remember, we’re seeing who has the best small business loan option for a restaurant with one year in operation, an average of $20,000 in monthly revenue and good credit. This business is looking for $50,000 for working capital and needs the funds within 3 weeks.

Final: ACH wins in regulation on a lay-up. Although Asset Loans offer better rates, they also require collateral that is worth as much, if not more, than the value of the loan. Many business owners are reluctant to tie up assets for the life of the loan.


To follow this contest, like our Facebook page here.

For Monday’s game, check out Local Banks vs Credit Unions.

It takes a little cash to change the world.

So what are you waiting for?

About the author

Erik Larson
Erik Larson frequently writes for Lendio about SEO, Digital Marketing, Social Media Marketing, Business Loans, and whatever else strikes his fancy. He can be found on Google+ and Twitter.


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get more business tips

Get the latest in business straight to your email.

Get your small business loan today.

Applying is free and it won't impact your credit
Already have an account?  
Sign in
Phone Icon

Give us a call
(855) 853-6346

Monday - Friday | 9am - 9pm Eastern Time