Same-week MCA funding is usually a documentation and verification issue, not a credit-score issue. Your deposits and trends matter more than your FICO. Understanding the difference between approval, contract signing, and funding disbursement is critical.
Approval means an underwriter reviewed your statements and offered terms. Contract signing means you agreed to the factor rate, holdback, and total payback. Funding
If you need financing for your business in 2026, understanding current SBA loan interest rates can save you thousands of dollars. In 2026, SBA 7(a) interest rates are generally priced as a base rate (usually Prime) plus a lender spread, with SBA-set maximum caps that depend on loan size and whether the rate is fixed or variable. This guide provides
How a Business Line of Credit Works Picture this scenario. You’re approved for $50,000. Two weeks later, you draw $12,000 to cover payroll. Interest starts accruing on that $12,000 immediately, but your available credit still shows $38,000. When you repay $5,000 next month, your available credit will increase to $43,000 without reapplying. That’s the core mechanic of revolving credit. A
Running a small business means keeping expenses in check while still stocking up on the necessary supplies to operate smoothly. For many owners, wholesale clubs like BJ’s Wholesale Club offer significant savings by allowing bulk purchases at discounted prices. To make those savings go further, BJ’s also provides its own line of business credit cards, which reward you for BJ’s
What are Online Business Loans? Online business loans are financing products that small businesses can apply for and manage entirely online. They’re offered primarily by online lenders and alternative financing companies, though some traditional banks now offer digital loan programs. What makes them unique is their streamlined application process, faster funding times, and often more flexible eligibility requirements compared to
What is a Business Line of Credit? A business line of credit works similarly to a business credit card, offering a set credit limit from which you can withdraw funds as needed to meet business expenses. You only pay interest on the amounts borrowed, with a minimum payment required if there’s an outstanding balance. By paying down the balance, funds
How can my business get a $2 Million Business Loan? Getting a $2 million business loan requires careful planning. Businesses often need this amount for significant expenses, such as expansion, debt refinancing, equipment purchases, or acquisitions. A clear plan shows lenders how the money will be used. Specific requirements must be met for a large business loan. Most lenders look
Getting a small business loan can take anywhere from a few business days to three months. The exact time varies based on different factors. Some loans can be approved in just a few days. Others may take longer, especially if they require more paperwork. A few online funders even offer same-day funding.
Banks and lenders have their own processes.
SBA loans are available for self-employed individuals and independent contractors. These loans can help with various business needs. Applicants must show proof of income and stability in their business. This is key to getting approved.
SBA loans cannot be used to buy properties solely for investment. These loans are designed for business purposes, which means they support businesses purchasing real estate for their operations, not just for renting out.
Understanding the difference is crucial. An SBA loan can finance a property if it serves a business need. For example, a restaurant owner can buy a
