One year in business with $100K+ annual revenue and positive cash flow? A business term loan may become relevant even if your company is not yet ready for stricter traditional bank credit.
Comparing a merchant cash advance with a working capital loan? Credit, time in business, revenue and card-sales activity can make one option more accessible than the other.
Comparing an SBA Microloan with SBA 7(a) financing? Smaller funding needs may fit a different SBA path than larger, more complex financing requests.
Before submitting another business funding application, know your credit score, annual revenue, time in business, deposits, existing debt and exact use of funds. Those six answers can shape the lender conversation.
Generating roughly $20K or more per month in business revenue? Revenue, credit, time in business, deposits and cash flow can determine whether working capital, term loans or traditional credit may fit.
Buying an existing business and need financing? Buyers with stronger credit, operating history, revenue, cash flow and organized financial records may have access to a broader range of business funding options.
