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…
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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…
9 Best Small Business Grants 2019
Grants for small businesses are a treasure that most small business owners seek. They are offered by various government agencies, local governments, banks, lenders, and organizations. Because grants do not require you to repay them, they are highly sought after as a source of funding for startups and emerging small businesses. There are many small…
Best & Worst States to Get an SBA Loan
Based on data obtained directly from the Small Business Administration (SBA) for loans approved from 2010 to 2018, we have ranked the best states for SBA loans and the worst states for SBA loans. We evaluated the best and worst states in terms of access to SBA loans, average SBA loan amount, and repayment rate….
Minority Small Business Grants: What They Are and How to Get Them
Minority small business grants are financial incentives given to minority-owned businesses based on race, gender, personal status, or location. Grants are not loans, and don’t have to be repaid once they’ve been awarded. Minority business grants are offered by corporations or special interest groups, with the goal to help minority businesses. Choosing the Right Minority…
SBA 7(a) Loan: Rates, Terms & Requirements
Small Business Administration (SBA) 7(a) loans provide up to $5 million in financing to small, United States-based, for-profit businesses. They feature relatively low-interest rates ranging from 7.75% to 10.25%. SBA 7(a) loans are good for businesses needing long-term capital to fund working capital, equipment purchase, or commercial real estate acquisition. If the COVID-19 pandemic has…
SBA 504 Loan: Buy Commercial Real Estate With SBA/CDC Loans
The SBA 504 loan program combines two loans―one from a lender, one from a community development corporation (CDC)―that can be used for commercial real estate, and other fixed assets like equipment. The lender portion covers up to 50% of the loan, the CDC portion covers 40%, with the borrower providing the remaining 10%. What an…
Franchise Financing: Costs, Features & Providers
Franchise financing is used to fund the purchase of a franchise or provide working capital to an existing franchise. The costs and terms associated with franchise loans vary by the type you choose. Small Business Administration (SBA) loans for franchises have interest rates from 7.75% to 10.25%, and loan terms of up to 10 years….
100 Top SBA Lenders For Loans Under $150K
Between 2010 and 2018, based on data we obtained from the Small Business Administration (SBA), lenders collectively issued 493,843 SBA 7(a) loans to small businesses. Of these loans, 57% were for amounts of $150,000 or less. We’ve compiled a list of the 100 top SBA lenders for loans under $150K. 100 Top SBA Lenders for…
6 Best Working Capital Loans 2020
A working capital loan is short-term business funding used to finance a company’s day-to-day operations, like buying inventory or covering payroll. Common small business working capital loans are lines of credit, term loans, invoice financing, and merchant cash advances. We reviewed working capital loan providers on costs, terms, and qualifications to identify the top six….
6 Best Working Capital Lines of Credit 2020
Businesses can use a small business working capital line of credit to cover temporary gaps in working capital resulting from seasonality or unexpected expenses. In contrast to term loans, it’s best used for smaller gaps in funding rather than large one-time payments. The best lenders offer flexible terms to small businesses for working capital management….
SBA Microloans: What They Are & Who They’re Right For
The Small Business Administration (SBA) makes microloans of up to $50,000 available to small businesses through nonprofit lenders. Interest rates for SBA microloans range from 8% to 13%, with terms of up to six years. SBA microloans are available to startups and established businesses, and provide funding much faster than other SBA loans. What is…