We offer a variety of loans
Choose a loan type below to learn more
Like a small business loan, a business line of credit provides a business with access to credit that can be used to address any business expense. A business line of credit is similar to a business credit card — you use it as you need it and only pay interest on the money you draw. However, with a Quick Access Capital True Line of Credit™, you can choose to make weekly or monthly payments and borrow more as your principal is paid down.
If you need equipment or technology infrastructure to help your business grow without using your working capital or business credit lines, equipment financing is the answer. In addition to preserving cash flow, leasing offers tax advantages, helps build and maintain good business credit and allows your business to remain competitive and efficient. Almost any kind of equipment your business needs can be financed, including medical and dental, commercial vehicles, industrial equipment, computer hardware and/or software, restaurant and catering equipment, office furniture, telephone systems and more.
For leases less than $100,000, you simply provide us with a simple, one-page credit application and information regarding the cost and type of equipment. Leases greater than $150,000 generally require a full financial package. Many times credit approval will occur that business day, and funding usually occurs within 24-48 hours after delivery and acceptance of the equipment. We offer competitive equipment lease interest rates for a variety of businesses, with minimum 2+ years TIB.
A term loan, often referred to as a business loan, is an agreement between a lender and a borrower where a lender provides immediate cash to the borrower, and the borrower repays the money in installments over an agreed-upon length of time. The borrower also pays a certain percentage of interest as an incentive to the lender.
A business term loan can help you as a business owner with large purchases. It efficiently spreads a large sum payment over smaller fixed installments to the lender. Think of it as something similar to a student loan, where a student pays off the university and then pays back the amount to the lender in smaller monthly repayments.
A business term loan is great for specific expenses like the purchase of a new location for business expansion, equipment, vehicles, etc. to improve your operations and boost growth. However, it comes at the cost of interest and may include other fees.
Securing traditional funding can be difficult for small businesses without a credit history. However, merchant cash advances (MCAs) are among the most accessible alternative lending solutions for owners who need to quickly improve cash flow.
MCAs are not loans. Rather, a business receives a lump-sum payment in exchange for a portion of their future sales. That’s why they are occasionally referred to as revenue-based financing. Small business owners make repayments in two ways. First, a “factor rate” is applied to the entire amount. Second, businesses must remit a fixed percentage of daily sales (aka a “holdback amount”) until the advance is fully repaid.
MCAs are especially flexible in that repayment terms fluctuate based on sales. As a result, small businesses who take on MCAs should never see more money going out than coming in.
Managing multiple cash advances can be incredibly challenging on a small business’ cash flow, especially when a significant portion of their monthly profits must go toward repayments. However, a reverse consolidation can help lessen that ongoing financial strain.
Under a reverse consolidation, multiple MCAs are combined into a single savings program. The lender provides a weekly sum to the small business, which is then used to repay the MCAs. Compared to what they would have paid out-of-pocket, small businesses can enjoy lower weekly repayments by as much as 50 percent.
In essence, a reverse consolidation enables smaller repayments over a longer repayment period. The impact is an immediate increase in net cash each week—savings that can go directly back into the small business’ own resources.