SparkBusinessLoan's network of funding partners strive to find and approve the right funding option for you.
That is why our funding partners offer a wide variety of financial funding products.
Business Term Loan
Simple. Focused.
A traditional loan for a non-traditional business. Every business is unique, a business term loan will provide the necessary capital to expand your business, manage inventory, purchase equipment or provide working capital in the simplest and most traditional method of funding possible. Keeping your business focused on success.
For small business looking for a fixed loan with the lowest borrowing cost.
Terms:
- Funding amounts $2,000-250,000
- Lump sum
- Funding can occur in as little as 24 hours
- Fixed loan term from 3-36 months
- No restriction on use of funds
- Low fixed origination fee
- No personal collateral required
- A set predetermined maturity date
Payments:
- Fixed daily or weekly payments
- Simple automated payments
- No prepayment penalty for paying loan off early
Revenue-Based Financing
Easy. Convenient. Customizable.
Take your business to the next level. Revenue-Based funding is available for millions of businesses looking to expand, regardless of your financial history or lack of assets. Credit card processing is not necessary since Revenue-Based funding is customized based on the amount of daily sales generated by your business. For small businesses seeking immediate funding as an alternative to traditional bank loans.
Making funding easy, convenient and customizable.
Terms:
- Funding amounts $5,000-250,000
- Lump sum
- Funding can occur in as little as 24 hours
- Fixed loan term from 3-18 months
- No restriction on use of funds
- Low fixed origination fee
- No personal collateral required
- Future projected business cash flow and performance is considered
- A set predetermined maturity date
Payments:
- Fixed weekly payments that can be adjusted based on your business revenue
- Simple automated payments
- No prepayment penalty for paying loan off early
Merchant Cash Advance
Attainable. Automated. Adaptable.
Convert your success into a Merchant Cash Advance. Receive an immediate lump sum advance of your future credit/debit card sales. In exchange, a fixed percentage of your daily revenue is automatically deducted from your merchant account so you can keep your focus on growing your business. The amount of your payment adjusts with your daily sales, keeping your cash flow manageable.
For businesses with significant merchant credit/debit card sales.
Terms:
- Funding amounts $2,000-250,000
- Lump sum funding
- Funding can occur in as little as 24 hours
- Low fixed origination fee
- No restriction on use of funds
- No personal collateral required
- Business merchant cash flow and performance is considered
- 6-8 month payback from the loan origination
- No maturity date on loan
Payments:
- Variable daily payments based on a negotiated fixed percentage of daily revenue
- Simple automated payments repaid from daily credit/debit card sales
- No prepayment penalty for paying loan off early
Business Line of Credit
Flexible. Open. Reliable.
An open business line of credit designed to be as flexible as you need it. Only pay on what you use and when you use it.
Use what you need. Pay what you use.
Terms:
- Funding amounts $2,000-100,000
- Open-ended line of credit
- Funding can occur in a few minutes
- No origination cost
- No restriction on use of funds
- No personal collateral required
- Monthly financing fees based on what you draw (typically 1-15% for first 2 months, then 1% for each month after)
- 6 month payback from when you draw on the line of credit
- No maturity date
Payments:
- Monthly payments based on a negotiated fixed percentage of the loan + fees from what you draw
- No prepayment penalty for paying loan off early
Startup Capital
New Venture. New Funding. New Possibilities.
Find the capital you need to for anything your new business needs. For Startups and businesses seeking capital to fund their new business and venture.
Terms:
- Funding amounts $5,000-250,000
- Estimate funding within hours
- Funding can occur in as little as 24 hours
- Fixed loan term from 3-36 months
- Low fixed origination fee
- No restriction on use of funds
- No personal collateral required
- A set predetermined maturity date
Payments:
- Fixed daily or weekly payments
- Simple automated payments
- No prepayment penalty for paying loan off early