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Best Lenders for Business Loans
Get the Funds You need today with our top picks for Small Business Loans
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Questions to Consider When Applying for a Small Business Loan
How do you determine cost of capital?
Cost of capital calculation is based on a range of factors, from business type to cash flow. As an illustration, a restaurant that has been in business for 5 years and has consistently had $200,000 in annual sales, with the owner's credit score at 650, is much more likely to get a lower rate than a construction business that's only 1 year old with sporadic revenues.
The 4 biggest determining factors are credit, industry, time in business, and cash flow.
Q2: How much funding can I get approved for?
We look at a wide range of factors, but typically you will receive 75% to 125% of your business's monthly deposits (as seen in bank statements). So, if you're regularly depositing $100,000/month and your business fundamentals have no issues then you could get funded for amounts ranging from $75,000 to $125,000.
Q3: Could I get a better rate elsewhere?
In the future, someone might develop a system that's more efficient than Biz2Credit, but while we're still living in 2019 you can rest assured that our team can't be beaten.
Q4: What's unique about Biz2Credit?
After our low rates, the most customer-praised feature of Biz2Credit is our flexible terms.
What does this mean? Each business is different, which means your cash flow is unique, which means a one size product doesn't work. With Biz2Credit you determine your repayment schedule (daily, weekly, monthly, etc.) and you can mix and match products. For example, you could take a cash advance for running payroll while also applying for a long-term funding to open a new location at the same time!
Reasons to Apply For A Small Business Loan
How do you determine cost of capital?
Cost of capital calculation is based on a range of factors, from business type to cash flow. As an illustration, a restaurant that has been in business for 5 years and has consistently had $200,000 in annual sales, with the owner's credit score at 650, is much more likely to get a lower rate than a construction business that's only 1 year old with sporadic revenues.
The 4 biggest determining factors are credit, industry, time in business, and cash flow.
Q2: How much funding can I get approved for?
We look at a wide range of factors, but typically you will receive 75% to 125% of your business's monthly deposits (as seen in bank statements). So, if you're regularly depositing $100,000/month and your business fundamentals have no issues then you could get funded for amounts ranging from $75,000 to $125,000.
Q3: Could I get a better rate elsewhere?
In the future, someone might develop a system that's more efficient than Biz2Credit, but while we're still living in 2019 you can rest assured that our team can't be beaten.
Q4: What's unique about Biz2Credit?
After our low rates, the most customer-praised feature of Biz2Credit is our flexible terms.
What does this mean? Each business is different, which means your cash flow is unique, which means a one size product doesn't work. With Biz2Credit you determine your repayment schedule (daily, weekly, monthly, etc.) and you can mix and match products. For example, you could take a cash advance for running payroll while also applying for a long-term funding to open a new location at the same time!
Types of Small Business Loans
How do you determine cost of capital?
Cost of capital calculation is based on a range of factors, from business type to cash flow. As an illustration, a restaurant that has been in business for 5 years and has consistently had $200,000 in annual sales, with the owner's credit score at 650, is much more likely to get a lower rate than a construction business that's only 1 year old with sporadic revenues.
The 4 biggest determining factors are credit, industry, time in business, and cash flow.
Q2: How much funding can I get approved for?
We look at a wide range of factors, but typically you will receive 75% to 125% of your business's monthly deposits (as seen in bank statements). So, if you're regularly depositing $100,000/month and your business fundamentals have no issues then you could get funded for amounts ranging from $75,000 to $125,000.
Q3: Could I get a better rate elsewhere?
In the future, someone might develop a system that's more efficient than Biz2Credit, but while we're still living in 2019 you can rest assured that our team can't be beaten.
Q4: What's unique about Biz2Credit?
After our low rates, the most customer-praised feature of Biz2Credit is our flexible terms.
What does this mean? Each business is different, which means your cash flow is unique, which means a one size product doesn't work. With Biz2Credit you determine your repayment schedule (daily, weekly, monthly, etc.) and you can mix and match products. For example, you could take a cash advance for running payroll while also applying for a long-term funding to open a new location at the same time!