What is a Small Business Loan?

A small business loan is a type of lending tailored to small businesses. The rates, amounts of lending and length of payback on these loans is designed to be small business friendly.

Yes. The only real difference is in how the loan is tailored to small businesses.

The main differences between a secured and unsecured small business loan can be boiled down into two points:

• Secured loans require collateral, but unsecured loans do not.
• Secured loans credit normally have lower interest rates than unsecured lines of credit.

Absolutely not. While small business loans are tailored to businesses, they still have all the pitfalls of a traditional loan. That means collateral, a sea of paperwork and haggling with a big bank to get the money your small business needs to grow and thrive.

In addition, small business loans cannot be used for everything your small business may need them for. Big banks put restrictions on the use of funds restricting your ability to put the capital to work where you need it most.

Working capital loans are simply the easier, quicker option for small business owners. If you need money now, a working capital loan is a much better option than a small business loan.

The approval process for working capital loans is fast, easy and tailored to meet your business needs. The financing can be used in so many ways at your small business, for almost any need you can think of.

Compared to the hassle of wrangling with big banks, a working capital loan is like a walk in the park. A walk in the park that gives you money afterwards, too.

A merchant cash advance also has distinct advantages over a small business loan. Because a merchant cash advance involves you borrowing on your future credit card receipts, there is little upfront cost. Additional advantages include:

• Greater flexibility in how you can use the money
• More repayment term options
• No confusing paperwork to fill out
• No collateral required
• Rapid approval process to get your money fast

Almost anything you can imagine. Here's a short list of possibilities for your small business:

• Expand your business
• Purchase inventory
• Upgrade equipment
• Manage seasonality
• Remodel your facility
• Hire new employees
• Upgrage technology
• Run a marketing program
• Enhance capabilities
• Much, much more!

Contact Direct Capital today to find out how much working capital or merchant cash advance money you are qualified for. Our professional finance managers can help you figure out how much money you need and how you can get it to ensure the vitality of your small business. Getting started takes seconds.