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Find the Right Financing for Your Business

Compare loan types side-by-side to find the best fit for your needs, timeline, and qualifications.

Select up to 4 products to compare:

Feature
Business Term Loan
Traditional fixed-rate loan with predictable monthly payments over a set period.
Equipment Financing
Loans specifically for purchasing business equipment, with the equipment as collateral.
Business Line of Credit
Revolving credit you can draw from as needed, only paying interest on what you use.
Loan Amount$25,000 - $500,000$5,000 - $2,000,000$10,000 - $250,000
Term Length1-5 years1-7 years6-24 months
Interest Rate7% - 25%6% - 20%8% - 30%
Funding Speed3-7 days3-5 days3-7 days
Min. Credit Score600+600+600+
Time in Business2+ years1+ year1+ year
CollateralSometimes requiredEquipment itselfUsually not required
Best For
ExpansionLarge purchasesRefinancing
MachineryVehiclesTechnologyManufacturing
Cash flow gapsSeasonal needsEmergency funds
Pros
  • ✓Predictable payments
  • ✓Build business credit
  • ✓Lower rates than alternatives
  • ✓Equipment is collateral
  • ✓Easier approval
  • ✓Tax benefits
  • ✓Flexible borrowing
  • ✓Only pay for what you use
  • ✓Reusable credit
Cons
  • ✗Stricter requirements
  • ✗Longer approval process
  • ✗May require collateral
  • ✗Only for equipment
  • ✗Equipment depreciates
  • ✗May need down payment
  • ✗Variable rates
  • ✗Lower limits
  • ✗Annual fees possible
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