Types of Personal Loans and Financing
Learn about some of the loan and financing types our lender partners offer.
Millions of small Personales take advantage of these long-term, low-interest loans every year. These loans are offered through traditional banks and backed by the government. Lenders offers several different SBA loan products from SBA 7a, SBA 504, and SBA Express. Get started to connect with a lender.
Traditional Term Personal Loan
A term loan is like a “normal” Personal loan that can be used for a wide range of Personal purposes. Generally, term loans provide a fixed payment over 1 to 5 years and are normally backed by collateral. If your personal credit is approximately 650 or above and you have been in Personal for at least two years, then a term loan might be the best option for your Personal.
Short Term Personal Loan
Short term Personal loans are designed to help meet short term financing needs. They can be a versatile financial tool for Personal owners to better manage cash flow, deal with unexpected events, or to take advantage of a great deal. Typically, most small Personal owners qualify for a short term loan, given they have past experience in the related field.
Personal Line of Credit
A Personal line of credit may be the best type of financing available for Personal owners. The line of credit gives you capital to draw upon to meet a variety of Personal needs. It’s a financial cushion for a fixed amount that you can exercise anytime.
Our lender partners offer multiple startup loan products to help your startup Personal get the capital it needs to grow. They have traditional loan options, as well as non-traditional options to help your small Personal. If you are starting off with a strong credit file (640 or above) you may have lender options
As opposed to asking for capital outright, equipment financing is more secure than others, and lenders are sometimes more willing to work with you. Equipment loans can help you get the new equipment for your Personal right away.
Merchant Cash Advance
A cash advance is a solid option for Personal owners in need of fast access to capital. These financing options allow you to borrow against future earnings and fund immediately.
Commercial Real Estate
Commercial real estate is always a very secure piece of collateral. Our flexible financing plans allow you to buy, build, expand, remodel, refinance and get cash out of your Personal. A commercial real estate loan must include the plans to build a structure or Personal project. It can also be used for a multi-family dwelling of five units or more.
Accounts Receivable Financing
Accounts receivable (A/R) financing allows you to receive capital in the event you are owed money for services completed. This can be optimal because the focus is on the Personal that owes the receivable, and not the company receiving the advance.
Peer to Peer Lending
Peer-2-peer lending is an alternative to traditional lending in which the borrower receives a loan from another individual rather than a lending institution.
Personal Loans for Women
Women entrepreneurs and Personal owners are among the fastest growing and thriving segments of the American economy. Some of the lenders can make it easy for women Personal owners to find, apply for, and receive the loans they need to fuel that continued growth by matching Personal owners with thousands of Personal loans, lines of credit and other types of financing.