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How much do you need for your business?$60,000
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Minimum credit score - Term loans: Not disclosed
- Working capital loans: No credit check
Loan products offered - Term loan
- Revenue advance
- Term loan
- Working capital loan
- Term loan
- Line of credit
Time to funding 24 to 48 hours - Term loans: One business day
- Working capital loans: As soon as a few minutes
Same business day
Starting rates factor rate Fixed-rate fee (amount not disclosed) APR
Minimum APR offered to at least 5% of customers (not the lowest rate offered)
Maximum loan size $200,000 (up to for repeat borrowers)
Minimum annual revenue - Term loans:
- Working capital loans: in PayPal sales
Minimum time in business - Term loans:
- Working capital loans: or more of PayPal account history
vs.
If you already use a Business or Premier account for your business payment processing needs, the Working Capital loan can help you tackle short-term projects and everyday expenses. As with ’s revenue advance loan, adjusts your repayment based on your incoming sales volume until your debt is repaid.
Since has a direct link to your income stream, you’ll be able to access funds faster than most lenders — with funds available in as little as minutes. Loan amounts only go up to (or $200,000 if this is your first loan), which is a far cry from ’s .
Yet, could be a good option if your business doesn’t meet ’s high minimum annual revenue requirement of . With [, your business only needs to generate per year, based on your account type. And the best part? There’s no credit check for ’s working capital loan.
If you’re looking for a loan with fixed weekly payments, also offers a term loan with amounts up to , though your business needs to be at least nine months old to qualify.
Note that business loans aren’t available in North Dakota and South Dakota.
vs.
is another alternative lender offering same-day business funding with lenient eligibility criteria and flexible repayment terms. Although requires a higher credit score ( versus ) and a longer business history ( versus ) to qualify, its annual revenue requirement is less than ’s — making it a better choice for low-revenue companies.
If you want access to a large business loan, is the way to go with up to in funds. That said, offers a business line of credit, allowing you to borrow up to in flexible funds on an as-needed basis — only paying interest on withdrawn amounts.
’s interest rates tend to run high, starting at a APR
Minimum APR offered to at least 5% of customers (not the lowest rate offered)
for term loans. However, it’s hard to accurately compare these rates to , since it lists a factor rate range instead of interest or APR. Your best bet is to apply to both and see which lender offers the better deal — just make sure to convert factor rates to APR to accurately compare each offer.
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| Loan products offered |
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| Time to funding | 24 to 48 hours |
| Same business day |
| Starting rates | factor rate | Fixed-rate fee (amount not disclosed) | APR Minimum APR offered to at least 5% of customers (not the lowest rate offered) |
| Maximum loan size | $200,000 (up to for repeat borrowers) | ||
| Minimum annual revenue |
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| Minimum time in business |
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