Small Business Learning Center Landing pages
Business Invoice Factoring
What is invoice factoring? Invoice financing is a process where you sell your outstanding invoices to a third party in exchange for cash upfront. It's different than any other form of alternative finance, like bank loans that can have negative impacts on credit scores. Invoice factoring doesn't allow this because it involves selling an asset [...]Fixed-Rate Business Loans
What is a fixed rate term loan and how does it work? A fixed-rate term loan has an interest rate which stays the same for the loan’s entire term. For example, you could have a loan with a five-year term during which the interest rate is “locked in.” The payments on a fixed-rate loan are [...]Business Line of Credit
What is a business line of credit and how does it work? A line of credit is one of the most flexible business funding options on the market. With a business line of credit, you receive a credit line of a specified amount, and you can draw funds at any amount up to your limit. [...]Merchant Cash Advance Pros And Cons
If you need fast business loans, you may be thinking about applying for a merchant cash advance. A merchant cash advance, or MCA, for short, is not a loan at all. Instead, a Merchant Cash Advance is an advance of money you take out on your future credit card sales to funding your business. You [...]