Fundation offers business loans of up to $500,000 with APRs from 7.99% to 24.99%. The qualification requirements are somewhat restrictive, requiring two years of business operations and annual revenues of at least $100,000. We compared Fundation to the top alternatives so you can choose the best financing option for your business. Fundation & Top Alternatives…
Cashbloom Business Loans & Top Cashbloom Alternatives 2020
Cashbloom offers businesses up to $1 million through short-term business loans, merchant cash advances, and revenue-based financing. Cashbloom business loans require borrowers to make daily payments with APRs ranging from 18% to 230%. Top Cashbloom alternatives offer less-frequent payments and lower rates. Cashbloom Business Loans vs Top Cashbloom Alternatives What Cashbloom Offers offers borrowers merchant…
BlueVine vs OnDeck: Who Offers the Best Line of Credit?
Business owners needing funding often consider BlueVine vs OnDeck because both providers have a stellar reputation for quick funding and customer service. While OnDeck has the lowest costs for prime borrowers, a BlueVine line of credit is best for most small business owners because of its higher limit and monthly payment option. Best Business Line…
Funding Circle Business Loans & Top Competitors 2020
Funding Circle is a peer-to-peer lender that specializes in business loans and offers loans up to $500,000, repayment terms up to five years, and starting rates of 11.97%. Funding Circle competitors distinguish themselves by offering lower starting rates, longer repayment terms, easier to meet minimum qualifications, and quicker funding speeds. Funding Circle Business Loans vs…
OnDeck vs Funding Circle: Costs, Terms & Which Is Best in 2020
OnDeck and Funding Circle offer short-term working capital loans up to $500,000, but each is best for different businesses. OnDeck is best for businesses needing quick funding because they can fund in as little as one day. Funding Circle has a longer-term solution for prime borrowers, offering interest rates as low as 4.99%. When to…
SBA Guarantee Fee & Other SBA Loan Fees
The Small Business Administration (SBA) charges a guarantee fee on SBA 7(a) loans. This guarantee ensures lenders against loss if the borrower defaults on the loan. The amount of the SBA guarantee fee varies based on the loan amount. In addition to the SBA guarantee fee, there are other fees charged on SBA loans. If…
How to Get a Small Business Loan in 4 Steps
Finding a small business loan is a necessity during business growth, but it can be difficult to find a loan you qualify for. The four basic steps for how to get a small business loan include evaluating your loan options, determining your eligibility, finding the right lender, and applying for the right loan. How to…
6 Best Purchase Order Financing Companies in 2020
Purchase order (PO) financing is a working capital solution used to fund inventory for outstanding customer orders. Purchase order financing companies directly fund suppliers for the manufacture and delivery of products to your customer. Businesses then send invoices to their customers, who send their payments directly to the PO financing company. Top 6 PO Financing…
Is Intuit QuickBooks Capital Right for Your Small Business?
Intuit QuickBooks Capital offers short-term loans in amounts up to $100,000. These loans carry expected APRs ranging from 12% to 32% and repayment terms up to 12 months. If you use QuickBooks Online, have a credit score of at least 620, and annual revenues of $50,000 or greater, you may be eligible. Small business owners…
6 Best SBA Loan Providers for SBA Loans Under $350K
Finding the provider that offers the best SBA loans under $350K can be a challenge. The top lenders are often ranked by their total SBA loan volume but don’t typically indicate funding size. We’ve evaluated SBA loan providers to determine the top six for SBA loans under $350K. Best Overall SBA Loan Provider Under $350K:…
PayPal Working Capital & Alternatives: The Ultimate Guide
PayPal Working Capital offers quick small business working capital loans to borrowers with at least $15,000 in annual PayPal sales. PayPal Capital charges an upfront fee of up to 10%; you make payments through daily deductions of PayPal sales and it bases your repayment term on a percentage of your PayPal earnings. PayPal Working Capital…
Square Capital & 6 Top Alternatives for 2020
Square Capital is a small business working capital loan that is repaid with a percentage of daily credit card sales processed through Square. Square Capital loans are used by businesses that need quick working capital financing and process sales through Square. Square Capital alternatives include business lines of credit, short-term loans, and invoice financing. Square…