We understand how hard it can be for credit-challenged businesses and merchants to obtain traditional business loans. That is why Trade Lender offers convenient nationwide business cash advance options and financing packages to businesses who have difficulty obtaining traditional merchant loans.
Short-term loans are designed to meet short-term financing needs. They can be a flexible financial tool to better manage cash flow, deal with unexpected needs for extra cash, or take advantage of an unforeseen business opportunity.
A short-term loan operates somewhat like a traditional term loan, but you pay back the money, plus interest, with daily or weekly payments payments over 3 to 18 months..
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With a short-term small business loan, you are lent a set amount upfront, which you quickly pay back (along with fees) over a short period of time
Trade Lender purchases a small portion of your future credit card sales for a discount, upfront. Another term that may be used for this type of funding is “credit card receivables factoring.” Since we’re purchasing your future sales, it is important to note that this is NOT a loan.
Invoice factoring is when you sell your accounts receivable, at a discounted rate, (to a factoring company) for immediate cash. After you provide a product or service, you send an invoice to your customer, and then you wait to get paid.
Whether you’re a startup restaurant that needs new appliances, or work with heavy machinery in construction, Trade Lender’s equipment financing can help you secure the tools necessary to improve your business profitability, and boost overall effectiveness..
Businesses seeking an unsecured line of credit between $20,000 and $100,000, that's easy to apply for, offers fast credit decisions, and easy access to their line of credit.
A traditional term loan is probably the most common form of business loan, so it’s pretty easy to understand. You borrow a lump sum of money—usually for a specific purchase you’re making for your business—and pay the loan back over a set term, most often at a fixed interest rate.
If you're planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan
Our program provides qualified borrowers with affordable terms similar to bank financing. Whether you’re looking to expand, purchase inventory, hire more employees, or refinance existing debt, an unsecured business loan from GoKapital can help your business grow..
A business cash advance is based on your credit card processing (merchant account) and repaid via a daily percentage of credit card sales, while a revenue-based business loan takes into account cash and check deposits (in addition to credit cards) and is paid back via a fixed daily or weekly payment. Despite the minor differences, in both cases, business owners obtain quick funding with the total payment due at a future date..
Since a merchant cash advance is repaid via a daily percentage your credit card payment processing, you will not qualify. However, you would easily qualify for a revenue-based business loan if your business bank account reflects a minimum monthly average of $10,000 in deposits. In fact, you don’t even need to accept credit card payments at your business to qualify for a revenue-based loan.
Pricing is determined on a case-by-case basis. Several factors, including repayment time frame, underwriting review of business cash flow, and FICO score may affect pricing..
Our product is designed to allow businesses with bad credit to still get financing. Our primary consideration in formulating our advances is your company revenue. If you have a profitable business without ideal credit, you may still qualify for an advance.