What it is
Inventory is stock the business will sell, or goods already on the way. Paying for that stock is a use of funds, not an approval by itself. A line of credit or a term loan are the structures people usually compare.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- Basic business details, such as legal name and industry
- A short description of the goods
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Business line of credit · Term loan · Invoice financing