We know that as a business owner, you might be wearing twelve different hats on any given day, and selecting the best business financing option might be daunting. Discount rates for invoice factoring can appear less expensive than a term loan, but make sure you calculate the APR. Overall, APRs for invoice factoring can sometimes be as high as 68%. Meanwhile, Funding Circle is here to deliver the business term loan options you need quickly, so you can focus on what&rsqou;s important – growing your business. We’re committed to offering:
Submit your initial application in just a few clicks.
Your personal loan specialist is available to help you collect your documentation and answer any questions.
Your underwriter will review your completed application and may call to get to know your business more.
Once you’ve accepted your offer, you’ll receive the funds within days.
You’ll get a dedicated account manager to guide you through every step.
Give us a call!
Invoice factoring has its advantages, but convenience can come at a cost. Whether you’re looking for accounts receivable financing, freight factoring, or more, be sure to take the time to calculate the true cost of your financing options. A good lender will always be willing to help you calculate an APR (all costs for one year in a single equivalent interest rate), so that you can accurately compare the true cost of each loan. There&rsqou;s so much to consider when it comes to invoice factoring versus term loans. Let us help walk you through all the details.
Funding Circle was created with a big idea: to revolutionize the outdated banking system and secure a better deal for small businesses. We passionately believe that when small businesses succeed, everyone benefits. To help your business thrive, we’ve taken the best parts of an SBA loan — like fixed and affordable once-monthly payments and no prepayment penalties — and created something faster and more flexible. From accountants and jewelers to bakers and filmmakers, we’ve helped thousands of businesses secure the financing they need to grow, create jobs, support local communities, and drive the economy forward.
Is it time to jumpstart your business? Get the inspiration you want and the knowledge you need to help your business thrive. Read advice from fellow entrepreneurs, financing tips, operating advice, and more on Funding Circle’s Resource Center.Visit the Resource Center
1 Rates may vary according to term and overall creditworthiness. To see what rate your business may qualify for, apply today at no obligation.