Currency Capital is an equipment financing marketplace offering up to $2 million, with repayment terms of two to six years. Interest rates range from 6% to 24% APR. Businesses with at least six months of operations and minimum credit scores of 585 may be eligible. We’ve compared Currency Capital loans to some top financing competitors….
Fundation Business Loans & Top Alternatives
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…
Crest Capital Business Loans & Top Alternatives
Crest Capital offers equipment financing up to $500,000 with rates starting at 7% APR, and terms of two to six years. Business owners with at least two years in operation and 650 or greater credit score may be eligible. We’ve compared Crest Capital to some of its competitors to see how it stacks up. Crest…
LendingTree vs LendingClub: Price, Features & What’s Best
When comparing LendingTree vs LendingClub loans, the most significant difference is that LendingClub is a direct lender, whereas LendingTree is a loan marketplace that provides multiple lending options with a single application. LendingTree offers loans up to $50,000, and LendingClub offers up to $40,000. Both lenders provide personal loans at competitive interest rates. LendingTree vs…
Debt vs Equity Financing: Which Is Right for Your Business
When evaluating debt vs equity financing, there are some key aspects to consider to determine which is best for your business. These factors include qualification requirements, costs, repayment terms, and effects on control of your business. Additionally, you will need to consider how quickly you need funding and the ease of access to those funds….
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…
What is Equity Financing and How Does It Work?
Equity financing is a form of business funding provided by investors. Small businesses in high-growth markets that have the potential to scale quickly can receive equity financing to help them achieve this growth. In exchange for funding, investors receive an ownership stake in your business and benefit from future business earnings. What is Equity Financing?…
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…
How to Raise Angel Funding: The Ultimate Guide
Angel funding means raising money from nonprofessional investors who invest their personal money in exchange for part ownership in your business. Generally speaking, angel funding is less formal and takes less effort than raising money from professional investors such as venture capitalists. Knowing how to raise angel funding increases your chances of securing financing. What…
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…