-Merchant Cash Advances
To get the money now, borrow against your future earnings. Unlike other types of business loans, a merchant cash advance usually does not require collateral, so you can get money in as little as 24 hours.
- Business Line of Credit
A Business line of credit, often known as a "LOC," resembles a credit card. It enables a business owner to set aside a pre-determined amount of funding (borrowing amount) or a credit limit from which he or she can draw funds as needed. It can be used to cover a variety of business costs.
- Invoice Factoring
For large and small firms, invoice factoring is a transactional-based kind of finance. Invoice factoring is a transaction, not a loan. It entails selling a portion or all of your unpaid invoices to a third party, who then collects the outstanding invoice amounts.
- Private Business Financing
Private business loans are non-collateralized loans offered to business owners. These loans are often in the twenty-five thousand to one million dollar range. Because private business loans do not require collateral, they are not considered typical loans. These loans are mainly provided by private investment funds. As a result, no money is put up by a bank or traditional finance company.