Business funding guide

Prepare your business
for its next step.

Business funding can support working capital, equipment or growth. Different products carry different repayment structures and costs.

Get the essentials together

• Business age, entity information and ownership.
• Recent bank statements and a clear revenue summary.
• Existing business debts and regular operating expenses.
• The amount needed, its intended use and repayment plan.

Compare structure as well as price

Ask whether the product is a term loan, line of credit, equipment financing or a receivables-based arrangement. Review payment frequency, total cost, collateral and personal guarantees. Factor rates and interest rates are different measures.

Check cash flow

Model the repayment alongside normal operating costs and slower months. Discuss uncertain terms with the provider before committing.