Comparing Small Business Loan Types

A merchant cash advance gives your business quick access to capital, with repayments tied to your daily sales. You pay more when business is going well, and less when it’s not.

Business term financing lets you borrow often without using assets as security, with approval based on your business’s finances and credit profile.

A line of credit lets you access funds as needed. As you make repayments, your available balance goes back up, ready for future use. up to $1,000,000

Invoice finance helps businesses access cash from unpaid invoices quickly, using accounts receivable as collateral.

Trade financing helps businesses cover the upfront cost of goods, repaid over 2–9 months with either a flat fee or interest. 

A business car loan is a way to purchase a vehicle for your business while spreading the cost out over time.

Equipment finance lets your business access the tools it needs now, while spreading the cost over manageable repayments.

Equipment leasing lets your business use equipment, vehicles, or machinery without buying it upfront.

A secured business loan is a type of financing where you use an asset, normally property, as collateral.


A business acquisition loan lets you purchase a franchise or existing business, giving you access to existing customer relationships and revenue streams.‍