Small Business Financing You Can Afford
Image by William Iven

February 20, 2020 | By: LendVer Staff –

If you own a business then it’s likely you are inundated with offers of business financing on a regular basis. Your email inbox, your physical mailbox, and even advertisements or promotions on business websites you use dangle the enticement of easy business capital. If you have followed up on any of these business loan solicitations, you may have learned that many of them aren’t actually loans at all — and are certainly not affordable.

It’s Not an Advance on Your Allowance

Most offers of short-term business financing you are receiving are actually not loans, but merchant cash advances aka MCAs. These funders (not lenders because they’re not making loans), are essentially buying your future revenue and advancing you a percentage of it now. The upside is, these firms can make a funding decision usually by looking at just your business bank statements, public records, and personal credit; and provide you funds within days or even hours. The downside is, you’re going to pay back the “advance” you received at anywhere from a 30% to 200%+ premium — and by “pay back” we mean the funder will pull the payments out of your business bank account on a daily or weekly basis.

I’ll Take What’s Behind Door Number 2

Although MCAs have their benefits, for many business owners a loan is a better option and usually more affordable.

Fast and Affordable

If you need a lender (lender = loan) that can underwrite the same way an MCA funder will, but offers affordable loans in as little as 24 hours, then there is no better option than Fundbox. Fundbox delivers financing from $1,000 to $100,000 to small businesses. The firm’s application process is fully automated (no paperwork) and takes about 3 minutes to complete. There is one simple weekly fee from 0.4% to 0.9%, Fundbox charges no application fees, no origination fees, no out-of-pocket fees and no junk fees. .

Working Capital at Industry Low Rates

SmartBiz has provided over $1.2 billion to small businesses and is our recommendation for affordable working capital business loans. SmartBiz can deliver $30,000 to $5 million in as little as 7 days, its rates start at 6.25%, and the firm maintains a 4.8/5 star Trustpilot rating.

Access Capital When you Need it

If you’re interested in affordable access to capital for when you need it, but your credit card limit isn’t cutting it, then a Fundbox credit line up to $100,000 is your best option. Fundbox has provided more than $1 billion to over 100,000 small businesses, and maintains a 4.8/5 star Trustpilot rating. There is no cost to have a Fundbox credit line in place (if approved). Fundbox has industry low rates starting at only 4.66%, and you only pay interest when you draw down from your credit line.


It’s easy to get overwhelmed with all the small business capital options available today. No one can blame you for getting excited about the prospect of fast money, but it’s important to weigh your options before jumping into easy financing that may cost you more than you bargained for.

Don’t hesitate to contact us if you are unsure of which business financing option is the right choice for you, or if you need additional lender recommendations beyond those mentioned in this article.

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