Small Business Loans up to $500,000
Lender For Me Business Loans range up to $500,000 for those in need. Our lenders require the entity to be in business for at least 1 year and make a minimum of $5,000 in revenue a month. Simply request your loan through our form, supply the right paperwork and wait for your approval decision. The process makes it easy for both you and the lender.
Business loans are the simplest type of loan. A lender agrees to fund the business owner an amount of capital up front. The business owner agrees to pay back that amount over a period of time with interest. If the business is doing well they can put more money down to shorten the length of the loan, or else extend the loan if needed.
Line of Credit
A business line of credit is a type of small-business loan that provides flexibility that a regular business loan doesn’t. With a business line of credit, you can borrow up to a certain limit — say, $100,000 — and pay interest only on the portion of money that you borrow. You then draw and repay funds as you wish, as long as you don’t exceed your credit limit. A line of credit works similarly to a credit card.
Merchant Cash Advance
A cash advance is like a loan in that the lender agrees to give a business owner a certain amount of money up front with the promise of repayment at a future date. The difference between this and a business loan lies in how the forwarded sum is paid back. With an MCA, a company pays back a percentage of their credit card sales to cover the forwarded sum — usually after a day or week of business.