Online term financing are lump sum capital designed to satisfy a wide variety of businesses and their funding needs. The repayment period and online rates may rely on the lender — although short-term financing will have a repayment period of up to one year, and long-term financing from one year to five years.
Every business could use some extra cash. Whether it’s for an equipment upgrade, an order of inventory, or a new employee, a business capital could always help out.
Equipment financing is a form of small business loan provided to buy new or used equipment specifically for the purpose. You can get an equipment loan equal to up to 100 per cent of the value of the equipment you 're trying to purchase, which you'll pay back with interest over time.