6 Business Funding Options Business Owners Should Check Now

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If your business has at least $8k+ in average monthly revenue, continue reading this article and see how it can help you today.

Need money for inventory, payroll, equipment, marketing, or expansion? You may have more business funding options than you realize.

Today, in about 3 minutes online, you can learn what your options are with ease. Here are the most popular:

1. Get Up To $5,000,000 In Funding To Grow Faster (See Up To 20 Funding Matches in 3 Minutes)

Instead of wondering what your funding options are, Business Loan Selector lets you check potential funding options from up to 20 business lenders with one form.

It takes about 3 minutes.

Depending on your business and qualifications, potential financing could be available for things like:

  • Working capital
  • Inventory
  • Equipment
  • Expansion
  • Marketing
  • Payroll
  • Refinancing business debt

Business Loan Selector is a free service that works with top-rated, Trustpilot-reviewed lenders that have helped fund more than 100,000 businesses with over $2 billion.

There’s no reason to guess what might be available when you can check potential options online.

Check Your Potential Business Funding Options for free right now.

2. SBA Governement Business Loans Can Be Worth Exploring

If you own an established business, an SBA-backed loan may be another option worth investigating.

SBA loans aren't loans handed directly to business owners by the government. Instead, participating lenders make the loans and the U.S. Small Business Administration guarantees a portion of eligible loans.

For qualified businesses, SBA financing can provide competitive terms and longer repayment periods compared with some other forms of business financing.

The popular SBA 7(a) program can be used for purposes including working capital, equipment, refinancing eligible business debt, real estate, and other approved business needs.

The maximum loan amount under the standard 7(a) program is $5 million, although eligibility, available amounts, rates, fees, and terms depend on the program, lender, and borrower.

The tricky part can be figuring out where to start.

Rather than contacting lenders individually, you can check potential business financing options online and see what may be available based on information about your business.

See Potential SBA Options for free right now.

3. A Business Line of Credit Can Give You More Flexibility

A traditional term loan isn't necessarily the right answer for every expense.

That's where a business line of credit can be useful.

Instead of borrowing one lump sum upfront, an approved business generally receives access to a credit limit and can draw funds when they're needed, subject to the terms of the financing.

For example, imagine you suddenly need $30,000 of additional inventory.

Or an important piece of equipment breaks.

Or you land a large customer but need to cover expenses before that customer's invoices are paid.

Having access to a line of credit can potentially give a business more flexibility in situations like these.

Depending on the product, available credit may replenish as borrowed amounts are repaid.

If that sounds more useful than taking one large loan, you can check potential business line of credit and other funding options here.

It takes about 3 minutes to get started and the service is free.

Check Business Funding Options.

4. Your Business Revenue May Help Determine What's Available (Must have $240k+ yearly revenue)

Here's something newer business owners sometimes overlook:

Lenders don't necessarily look at just one number when evaluating a business.

Depending on the lender and financing product, factors can include things such as:

  • Monthly business revenue
  • Time in business
  • Credit history
  • Existing debt
  • Industry
  • Cash flow
  • Intended use of the money

That means an established business generating consistent revenue may have financing options its owner hasn't investigated.

And if your business is already doing $20,000+ in monthly revenue, it can be particularly worthwhile to see what options may be available based on your overall business profile.

Instead of assuming you won't qualify — or accepting the first financing offer you receive — you can check potential options from multiple business lenders.

Answer a few questions about your business to see matches for free.

See What Funding Options May Be Available.

5. Financing Can Help Preserve Cash for Other Business Expenses

Suppose your business needs $75,000 for new equipment.

You have enough money in the bank to pay cash.

Should you?

Not necessarily.

Using a large portion of your available cash for one purchase could leave less money available for payroll, inventory, rent, marketing, taxes, or an unexpected expense.

For some businesses, financing a major purchase while keeping additional cash available may make more sense.

For others, paying cash and avoiding borrowing costs could be the better decision.

The important part is knowing your choices before committing your cash.

If you're considering a significant business expense, checking potential financing options first can give you more information to compare.

You can then look at the rates, fees, repayment terms, and total cost and decide whether borrowing makes financial sense for your business.

Check Potential Funding Options in About 3 Minutes, the service is free.

6. Don't Wait for an Emergency to Find Out What's Available

This may be the most overlooked strategy on the list.

Many owners don't investigate business financing until they urgently need money.

An important piece of equipment fails.

A big customer pays late.

Inventory needs to be ordered immediately.

Or a growth opportunity appears that requires capital.

Suddenly, the owner is trying to understand lenders, financing products, rates, and repayment terms while also dealing with a deadline.

Knowing what options may exist before you're under that pressure can make the process easier to evaluate.

And checking doesn't mean you have to accept financing.

Business Loan Selector is a free service that lets you answer a few questions and check potential funding options from up to 20 business lenders.

You can then review any available options and decide for yourself whether one makes sense.

See Your Potential Business Funding Options.

Before you leave, see your business funding options now: