Name the business need
A good funding comparison begins with the amount, use of funds and the cash-flow event the capital is meant to solve. A revolving line, term loan, card and revenue-based advance are built for different situations.
Compare the complete obligation
Look beyond the advertised payment or factor. Record the estimated total repayment, interest or factor rate, origination and other fees, payment frequency, collateral, guarantee requirements and renewal terms.
- Amount actually received
- Total estimated repayment
- Daily, weekly or monthly payment
- Prepayment and renewal terms
- Personal guarantee or collateral
Approval belongs to the provider
A broker, advisor or marketplace can help organize a request, but the provider makes its own eligibility, underwriting, pricing and approval decisions.
Important: This article is general education, not legal advice, a credit or lending decision, an offer of financing or a promise of any result. Provider terms and state requirements may differ.