Small Business Loans
Serving 1000+ customers Worldwide
Our goal is to get every business the financing it needs, when and how it is needed. As a direct lender we have our own vast menu of financing options. But sometimes, we’re not the best option. So, we’ve built a trusted network of lending partners that we work with to get you the financing that fits your business needs. With one application you can save yourself the time, money and stress that comes along with applying to different lenders. You worry about running your business. We’ll take care of the financing.
If your business needs new equipment, but you don’t have enough available cash to make the purchase then this is a great option for you. Our equipment financing product allows you to choose between purchasing your new equipment or leasing it with rights to renew. Equipment loans involve regular payments that include both the principal and interest. Equipment leasing is similar to leasing a car where you pay “rent” for use of the equipment over a specified amount of time.
Available for both short- and long-term needs. Our business loans provide you with an agreed upon sum of money that you will pay back over a specified amount of time, with interest. The amount of interest paid and the total overall cost will depend on whether you opt for a short-term loan, which typically has a higher interest rate but a lower overall cost or a long-term loan, which tends to have a lower interest rate but a higher overall cost.
REVENUE BASED FINANCING
Revenue Based Financing is the payment of an up-front sum of cash in exchange for a set amount of a business’s future revenue. A fixed percentage of the revenue generated by the business is collected on a daily, weekly, or bi-weekly basis.
Because this is not a loan, there is no interest rate because interest isn’t charged. Your financing cost is fixed AND your payment obligation fully adjusts to the revenue you are generating; so if it takes a little longer than expected to pay, you don’t get charged more in interest.
LINE OF CREDIT
Similar to a personal credit card, a business line of credit provides you with a line of credit that is accessible for you to use at any time. You only pay interest on the portion of the line that you use, and once paid, funds become available for you to use again.
This is a great option for businesses who want to stabilize their cash flow or those who are in need of short-term working capital.
If your cash flow is hurting because you are waiting on invoices to be fulfilled from customers, then this is a great financing option for you. With Invoice Factoring you can receive a lump sum of cash that will keep your business running while you wait on payment of these invoices. With invoice factoring there is no APR or compounded interest, instead you are typically charged a one-time set up fee and transaction fee which is a percentage of the amount provided to you.
PURCHASE ORDER FINANCING
Purchase Order Financing is designed to provide businesses with the cash they need to fulfill a customer order. With this option, the financed amount goes directly to your supplier to cover the manufacturing and delivery of goods to your customer. The larger the transaction amount, the lower your rates will typically be. You will have a starting rate that is determined during the underwriting process, and after the first month the rate will increase.
Get Started Today!
Speak with a Turbo Business Financing Advisor today!
Our Business Financing Advisors will help you find the best financing options for your business to get you more funding, better terms, and lower interest rates. Schedule a Discovery Call here.