Accounts receivable (A/R) financing companies can provide fast, affordable funding to smooth out a small business’s cash flow or provide access to short-term working capital. A/R financing is based on the value of outstanding receivables. We reviewed more than 20 invoice financing companies and selected the six best. Best A/R Financing Companies *Last Updated: January…
6 Best Restaurant Equipment Financing Companies 2020
Several different types of restaurant equipment financing are available to business owners, depending on the amount of financing needed, your time in business, and your credit as well as annual revenues. Choosing the right type of equipment financing for your restaurant may also depend on whether you’re an existing business or a startup. is our…
3 Best Options for No Credit Check Equipment Financing
For some borrowers with bad credit, equipment financing without a credit check may be a potential solution. In reality, most lenders will require a credit check to extend financing. While financing that does not require it may be difficult to find, we have compiled a list of three options for no credit check equipment financing….
Restaurant Equipment Leasing: The Ultimate Guide
Leasing restaurant equipment allows businesses to gain access to necessary tools to run a restaurant without buying, often with lower payments than a loan. Leasing also allows for frequent upgrades while offering many of the same benefits of ownership. Leased restaurant equipment may require as little as 0% down and repayment between 12 – 72…
FSA Loans: The Ultimate Guide
The Farm Service Agency (FSA) provides loans to farmers for working capital and acquisition-related farm expenses. Many FSA loans are funded directly by the government, with the exception of the Guaranteed Farm Loan program, which is originated by lenders and backed by the FSA. There are six primary types of FSA farm loans. How FSA…
5 Best Merchant Cash Advance Companies 2020
A merchant cash advance (MCA) provides a lump sum cash advance for a percentage of daily credit card receipts. An MCA provider buys future credit card sales from a business to make the advance. We ranked the top five MCA providers by comparing over 50 lenders across 15 features and speaking to 15 business owners….
Kabbage vs OnDeck: Which Offers the Best Business Loans?
Deciding between Kabbage vs OnDeck depends on the needs of a business. OnDeck offers short-term loans up to $500,000 with a 10% starting APR and repayment terms up to three years, which are ideal for large projects. Kabbage’s lines of credit up to $250,000 with prepayment discounts are better for revolving credit needs. OnDeck Summary…
SBA Loan Calculator: Payments & Amortization
A loan backed by the U.S. Small Business Administration (SBA) can be the least expensive way to get capital for many small businesses. They typically offer small businesses lower interest rates and longer terms than other financing options. Our SBA loan calculator will help you see just how affordable your SBA loan can be. How…
SBA Loan Requirements & Qualifications 2020
Small Business Administration (SBA) loan requirements determine your eligibility to qualify for funding and are focused on the characteristics of you and your business. Borrowers need to have excellent credit and strong financials that demonstrate their ability to repay the loan. Other SBA loan qualifications include having adequate collateral and providing a personal guarantee. If…
SBA Line of Credit: CAPLine Rates, Terms & Qualifications
Small Business Administration (SBA) CAPLines provide businesses up to $5 million for recurring cash flow needs. With an SBA CAPLine, or SBA line of credit, interest rates are typically 5% to 10%. An SBA line of credit allows you to use the funds repeatedly as they are repaid. Funding generally takes 45 to 90 days….
Best Equipment Loans for a Startup Business
An equipment loan for a startup business allows that business to borrow money to purchase necessary equipment. They can be difficult to obtain for startups as most lenders require at least two years in business. However, equipment loans are available from some lenders for borrowers with at least 650 credit with rates starting around 6%….
What Is a Merchant Cash Advance: The Small Business Owner’s Guide
A merchant cash advance (MCA) is a financing product wherein businesses receive funds upfront in exchange for a fixed percentage of their daily credit card receipts. MCA providers charge a cost of capital of 1.1x to 1.5x the amount advanced (35% to 150% APR), and lenders take payments directly from credit card sales. What Is…