Term loans are loans with a fixed repayment schedule, typically used for specific purposes. They have a predetermined interest rate, repayment period, and can be either secured or unsecured.

A line of credit is a flexible loan that allows borrowers to access funds up to a specified limit. Interest is only paid on the amount borrowed, and repayment terms vary.

A merchant cash advance offers quick access to capital, with repayments based on a percentage of future sales. It’s ideal for businesses needing fast funding without fixed monthly payments or collateral

Equipment financing is a loan or lease used to purchase business equipment, allowing payments over time. It helps preserve cash flow while acquiring necessary machinery, with the equipment often serving as collateral.