Choosing the right business loan can feel overwhelming, especially for small business owners exploring funding for the first time. Understanding the different loan options available can help you make informed decisions that support your business goals and financial health.
Business term loans provide a lump sum of capital that is repaid over a fixed period with regular payments. These loans are often used for long-term investments such as expansion or major purchases.
Revenue-based financing offers funding based on a business’s future revenue. Repayments adjust with revenue, providing flexibility for businesses with fluctuating income. Equipment financing helps businesses purchase necessary equipment by spreading the cost over time. The equipment itself often serves as collateral, making this option suitable for asset-based purchases.
Revenue-based financing offers funding based on a business’s future revenue. Repayments adjust with revenue, providing flexibility for businesses with fluctuating income.
SBA loans are backed by government programs and typically offer competitive rates and longer repayment terms. These loans are designed to support small businesses seeking long-term growth. Revenue-based financing offers funding based on a business’s future revenue. Repayments adjust with revenue, providing flexibility for businesses with fluctuating income.
