You Have A Business.
We Have the Funding
We Have the Funding
A term loan provides funding for small businesses in a single lump sum. Maximum loan amounts typically exceed those offered by a line of credit or cash advance. Borrowers repay a term loan through a regular schedule of monthly payments. Some term loans, called secured loans, require collateral. Unsecured term loans do not. OnDeck does not require that loans be secured by specific collateral, relying instead on a general lien on the assets of the business.
Get started now
A business line of credit provides access to a fixed amount of funding that borrowers can tap as needed. Funds are repaid through a regular schedule of payments, with borrowers replenishing their available credit as they repay. A line of credit is a good financing option for recurring expenses — it allows borrowers to withdraw within their credit limit without reapplying.
Get started now
merchant cash advance (MCA) provides businesses with lump-sum financing in exchange for a percentage of future sales. Funding is often quick, but interest rates can be much higher than other forms of small business financing.
Get started now
You Have a Business. We have the Funding. Latin Financial LLC
