1 / 9

Term Loan vs. Line of Credit: Which Is A Better Funding Option?

Business line of credit and term loans are two different funding options for small businesses.If you have analyzed your financial need and looking to apply for a better funding opportunity. Give this article a quick read. https://www.onlinecheck.com/blog/business-loans/term-loan-vs-line-of-credit-which-is-a-better-funding-option/

michaelgavin
Download Presentation

Term Loan vs. Line of Credit: Which Is A Better Funding Option?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CONSIDER THESE SIX FACTORS BEFORE APPLYING FOR A WORKING CAPITAL LOAN www.onlinecheck.com

  2. As the small business industry is expanding, you must come across these custom-tailored business loans. Invoice Financing Business Lines of Credit Merchant Cash Advance Equipment Financing

  3. Traditional lenders often reject your loan application due to poor credit history. Alternative lenders on the other hand, help you in securing best funding solution for your small business. Even if you have a bad credit score, there is a working capital loan to cover routine expenses.

  4. Consider these options before applying for a working capital loan. • Why you need a business loan • Make sure you have no bankruptcies • Must have a solid business plan • Good credit score report • Consider best Interest rate & APR • Repayment method www.onlinecheck.com

  5. If you have considered all the above mentioned factors, than consider most suitable Business Loan option offered by alternative lenders as one of the most effective ways to run your working capital stream smoothly. www.onlinecheck.com

  6. Interest rates and APR of small business loans

  7. SBA Loan: 7.75% starting rate 1 2 Invoice Financing: 8 – 30% Business Lines of Credit: 7 – 36% Equipment Financing: 8 – 30% 3 4 Merchant Cash Advance: 40 – 150% 5 6 Bank Account Statement Personal Business Loan: 5.99 – 36% Short-term Business Loan: 8.5 – 80% 7 8

  8. For more information about small business loans and to get instant funding, visit Merchant Advisors website and secure best financial solution for your small business.

  9. CONTACT US Phone (833) 827-4412 E-mail info@merchantadvisors.com Address 9-5 Novelty Lane Suite B Essex, Ct 06426

More Related