A term loan provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Borrowers agree to pay their lenders a fixed amount over a certain repayment schedule with either a fixed or floating interest rate.

Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you’ll need to make periodic payments that include interest and principal over a fixed term.

A business line of credit is a flexible loan for businesses that works like a credit card. Companies draw money from their credit lines as needed, only paying interest on the portion of money borrowed. As they repay the amount borrowed, they replenish the funds available

Invoice finance is a collective term for the various types of invoice-based lending such as invoice discounting, selective invoice discounting, invoice factoring and spot factoring. This type of finance uses invoices as a way for businesses to unlock cash tied up invoices and therefore speeding up cash flow

Short-Term business financing includes financing with terms less than 24 months. Whether it’s a term loan or a line of credit, the best use case for short-term financing is for projects where the business need has a clear short-term ROI

A merchant cash advance company approves your business for a specific amount of funding and provides you with a lump sum of capital upfront. You repay the money you receive, with fees, using a percentage of your future sales