Our Small Business Administration (SBA) loan calculator is designed for SBA 7(a) and SBA Express Loans. Upon inputting the loan term, desired loan amount, expected interest rate, and annual net operating income, the calculator will generate an estimated monthly payment and a projected amortization schedule. SBA ..read more

Our equipment lease calculator allows you to estimate the costs of a potential equipment lease. You can calculate costs using the three most common lease types: fair market value, 10% buyout, and $1 buyout. Our calculator will show you the residual value, estimated monthly lease ..read more

A merchant cash advance (MCA) is a lump-sum payment received in exchange for a fixed percentage of daily credit card receipts. It’s an expensive form of credit and should only be used by businesses that cannot qualify for other types of business funding. In addition ..read more

If you’re applying for a loan from the Small Business Administration (SBA), there’s a good chance that you’ll need a business plan to get approved. An SBA business plan provides a summary of the various aspects of your business, and we will guide you through ..read more

To get a Small Business Administration (SBA) loan as a startup business, you’ll need to do some preparation and research before you even submit your application. Startup companies have a high failure rate, so these loans often involve a lot of paperwork to give lenders a thorough understanding of your business finances, credit, and business plan. Step 1: Create a Business Plan A business plan is a document that details your company’s goals and how it will achieve them. It provides details on a company’s leadership team and its qualifications, background, marketing strategy, and income projecti ..read more

Applying for a Small Business Administration (SBA) loan involves four main steps. You’ll need to understand the different loan types, review your eligibility, find a lender, and apply for the SBA loan. In total, it can take between one and two months before you receive the loan proceeds. There may also be a significant amount of paperwork required depending on the details of your business. To help simplify the process of how to get an SBA loan, you can follow our guide below. We also recommend  as a provider that can help walk you through getting an SBA loan. It offers an online applicati ..read more

A rollover for business startups (ROBS) gives you tax- and penalty-free access to your retirement accounts to fund a business venture without taking out a loan. The best providers should be able to complete the rollover process for you quickly and accurately while providing resources during all stages of the transaction. This includes ongoing support and protection to ensure your company stays compliant even after the initial setup is finished. Here are the six best ROBS providers: : Best overall for customer service, legal, and audit support : Best for quick setup and access to funds : Best f ..read more

The best companies for equipment financing with bad credit will have low or no requirements for a credit score. They should also provide flexible loan terms and financing for a wide range of equipment, from heavy machinery to furniture. Note that when applying for equipment financing with bad credit, expect to receive higher interest rates. However, you can qualify for competitive rates depending on your down payment, business revenue, time in business, and type of equipment being financed. Here are the seven best companies for equipment financing with bad credit: : Best overall for businesses ..read more

The best accounts receivable (A/R) financing companies should be able to assist companies by advancing a large percentage of unpaid invoices back to the company, allowing them to cover short-term cash flow gaps. Once the customer pays the invoices, the loan is satisfied. All of the providers listed here offer a variety of terms. Some provide short-term loans, while others offer A/R lines of credit. Fees, terms, and qualifications will vary depending on the provider, the credit strength, and the financial viability of the business and its owners. Here are the five best accounts receivable finan ..read more

The best same-day business loans should allow you access to emergency funding for your business within 24 hours of application. They tend to have more lenient qualifications but also have higher fees and higher interest rates. Same-day business loans typically are short-term and shouldn’t be used for long-term or expensive projects. Hundreds of financial institutions provide same-day business loans, mostly provided by financial technology (fintech) companies. Here are the eight best same-day business loans: : Best overall for same-day business loans for lowest interest rates : Best for flexibl ..read more