Choosing the right business funding is somewhat like selecting a residential mortgage: there are various products, and each has a unique set of advantages and limitations. As such, there’s no standard “right” or “best” type of business loan — because that determination is ultimately based on the borrower’s needs and resources.
However, obviously there are borrower profiles that tend to choose one product vs. another. For example, many restaurant owners and other retailers obtain a merchant cash advance, because the repayment is easily affordable (i.e. a few percentage points of daily sales), and the term fluctuates based on revenues (i.e. the total cost of borrowing doesn’t rise if it takes longer to pay the advance back than originally anticipated).
At National Business Capital, we proudly offer inventory loans to businesses across the country — including many that have been told “no” by banks and other lending firms. To learn more, fill out our two-minute application or start an online chat right now (click the bottom-left of your screen to get started).
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan Capobianco is the Marketing Manager at National Business Capital & Services. Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.