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What is Business Financing?

To take your business to the next level, you need capital. Whether it’s to purchase equipment, to get the resources to take your product national, or something else, business financing will give you the resources to achieve your goals.

Loan Amount $1,000 - $5,000,000
Loan Term 1 - 20 years
Interest Rate Prime + - 30%
Payment Frequency Monthly/Weekly/Daily
Time to Funds: 1 - 4 weeks
Benefits
  • Cheaper than equity capital.
  • Helps you grow your business.
  • Can help build credit.
Drawbacks
  • Can be expensive.
  • Can be hard to sort through options.
  • Can be confusing.

See Your Loan Options in Minutes

Our preferred lender for business finance

Cash for your business from American Express

Merchant Financing is a business loan program that can help businesses like yours benefit from a convenient, cost-effective, and simple way to get funds. You can manage your day-to-day on your terms and make your plans a reality. American Express is committed to helping you run your business, with less running.

Most small business owners think of a traditional term loan from the bank when they think about small business loans, but there are a lot of other options. Although business owners with great credit, several years in business, and collateral to cover the loan might still find a term loan at the bank an attractive way to finance their business, it isn’t the only option today.

Non-bank alternative lenders are introducing innovative ways to finance small business with loan products designed to meet specific needs. Instead of a generic term loan, many small business owners are finding success with equipment loans, commercial real estate loans, merchant cash advance, ACH loans, and others designed to provide relatively quick cash to address short-term capital needs.

Business Financing Calculator

What Kind of Business Loan is Right For You?

It can be difficult to know which loan is right for your small business. Since few (only about 10 percent) of small business owners find a loan at their local bank, they need to understand all their options. Banks and alternative lenders offer many different interest rates and terms; and the same is true for non-bank alternative lenders who offer specialized financing designed for small business owners.

Free Small Business Loan Tools

  1. What type of business loan is best for me?
  2. What business loans do I qualify for? 

How Do I Get Business Financing?

To take your business to the next level, you need capital. Whether it’s to purchase equipment, to get the resources to take your product national, or something else, business financing will give you the resources to achieve your goals.

The problem is, there hundreds of thousands of business financing options out there. From small business loans to lines of credit to investors to peer-to-peer lending, business owners can get lost in myriad options. It can be overwhelming to know which business loan or other financing option is best for you. Entrepreneurs often waste time, money and resources in applying and researching the wrong funding options.

Lendio solves that problem. Our technology instantly analyzes all possible funding options to find your best match, create your path to funding and connect you with active lenders and other financing sources.

More Reading

Small Business Financing: A Comprehensive Checklist

A Bank Loan, the SBA, and Traditional Business Financing Options

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