Understanding Funding Options for Your Business

You have likely heard about different financing options available to support your growth and expansion plans. Four popular options are Small Business Administration (SBA) loans, lines of credit, merchant cash advances (MCAs) and equipment financing. While all can provide much-needed cash flow for your business, it’s crucial to understand which is best for you.

  1. SBA Loans are government-backed loans offered by banks and other financial institutions. They are long, cumbersome, and expensive to obtain.
  2. Lines of Credit are a type of loan that lets you borrow money up to a pre-set limit. You can use as little or as much of the funds as needed, only paying for the outstanding balance.
  3. Merchant Cash Advances otherwise known as a business cash advance is based on your business’s future revenue. You could use a cash advance to boost your cash flow, fund your operations or drive growth.
  4. Equipment Financing is a type of business loan that enables businesses to purchase equipment and machinery on credit via an operating lease, hire purchase, or a finance lease.

While SBA loans offer lower interest rates and longer repayment terms, they are expensive, time-consuming and have a low approval rate. Quick Business Funder provides expertise in business funding options including Lines of Credit, Merchant Cash Advances, and Equipment Financing.

Quick Business Funder is your go-to for all your business funding needs!

Contact us at the number or email below or fill out the quick and easy application.

757 514 8372