Four Top Capital Choices for US Small Businesses This July 2024
Securing financing as a small business owner in the US can be challenging, but we've partnered with a top lender to make it easier. Here are four great options you should know about:
1. Fast Capital
Fast Capital offers flexible, affordable, and streamlined funding for a variety of business needs. Here's what you can expect:
Nationwide Lending: Available in all 50 states and D.C.
Quick Approvals: Approvals usually within a few hours, with same-day funding possible.
Flexible Terms: Financing sizes from $5,000 to $5,000,000, with terms up to 10 years.
Low Requirements: No minimum credit score and 100% financing on equipment purchases (except for startups).
Custom payment structures are available, and most industries are eligible. Fast Capital also supports equipment financing for startups with strong credit and financials.
2. Credit Line
This option connects you with a spectrum of capital solutions through a tech-enabled loan marketplace. Highlights include:
Wide Range of Financing Sizes: From $1,000 to $500,000+.
No Minimum Credit Score: Open to businesses with varied credit profiles.
Flexible Use of Funds: Ideal for working capital, equipment, inventory, debt consolidation, and more.
Quick Access: Same-day funding is possible, with approvals in hours.
Multiple Financing Options: Including term loans, credit lines, advances, SBA loans, and equipment financing.
This marketplace offers competitive rates and allows you to choose from multiple offers and product types.
3. Preferred SBA Loans
Preferred SBA Loans provide small businesses with streamlined and affordable funding. Key features include:
Wide Lending Footprint: Available nationwide.
Fast Approvals and Funding: Approvals within a few hours and funding on the same day.
Flexible Terms: Financing sizes from $5,000 to $5,000,000, with up to 10-year terms.
No Minimum Credit Score: Accessible to businesses with various credit profiles.
These loans are ideal for equipment purchases and have custom payment structures to meet business needs. While startups may require a down payment, the terms are otherwise very flexible.
4. Equipment Financing
Our partner, a $2.2 billion financial institution, specializes in equipment financing with the following benefits:
Nationwide Availability: Serving all 50 states and D.C.
Fast Approvals and Funding: Quick approvals and same-day funding.
Flexible Financing: Amounts from $5,000 to $5,000,000, with terms up to 10 years.
No Minimum Credit Score: Open to businesses across various industries.
Custom payment structures are available to accommodate delayed, seasonal, or semi-annual payments. This financing option is particularly suitable for mission-critical equipment essential to business operations.
Get Started Today
Explore these financing options to support your business growth. See if you pre-qualify now without hurting your credit score.