Business line of credit
Draw as needed up to a limit, if the agreement still allows draws.
COMPARE OPTIONS
Same questions, different products
Flexibility, how often money goes back, collateral and guarantees, documents, and how involved the process is. Rates and timing are omitted on purpose. More topics and the total-cost calculator are on the financing list and the repayment guide.
Pick one question. Each card answers it for a different product. No rates, dollar limits, or funding speeds are listed, because this site has none to publish. A home equity line is not here. It is secured by a home and is not a backup when business financing is unclear.
Term loan
One lump sum. Little room to redraw after funding.
Bank loan
Depends on the bank product. A bank line and a bank term loan behave differently.
SBA-guaranteed loan
Depends on the program. Funds are for the uses the lender and program allow.
Equipment financing
Tied to the equipment being financed. Not general-purpose cash.
Invoice financing
Limited to eligible invoices. Not a general line for any expense.
Merchant cash advance
Lump-sum advance. Future receivables are sold up to the purchased amount. Not a revolving line.