Fast money is easy to find. Cheap money takes work.
Anyone will fund you in 24 hours at a price you will regret. Send us your financials instead: Bruno, our AI underwriting agent, reads them the way a credit committee would and matches you against 1,500+ lenders to the cheapest capital you actually qualify for.
Nothing goes to a lender without your approval.
- Line of CreditSOFR + 2.25%
- SBA 7(a)Prime + 3.00%
- Equipment$310K supported
- Factoring61% concentration
SOFR and Prime are published benchmark rates — when they move, your rate moves. Specimen; illustrative, not an offer.
cash flow $415K ÷ ($750K at 11% over 120 months = $124K/yr + existing $92K/yr) = 1.92x
- FITSLine of CreditCheapest money available to you
- FITSSBA 7(a) & 504Clears the 1.15x floor. Collateral shortfall alone won't disqualify.
- FITSEquipmentSecured by the asset — forgiving on credit
- FITSFactoringUnderwrites your customer's credit, not your earnings
- NOContract FinancingNeeds a signed contract or purchase order
- NOFloor PlanNeeds titled inventory held for resale
- NOBridge$1M minimum
Illustrative. A real memo reads your actual financials and is reviewed by a person — this is not a credit decision or an offer.
Nine products. We say no to the rest.
Every one leads with its price.
Line of Credit
Revolving bank credit through direct banking relationships — the cheapest money on this page.
- RateSOFR + 2.00% and up
- Line size$250K – $10M
- TermRevolving, annually renewable
- Time to close21 – 45 days
- Secured byBusiness assets + personal guarantee
- RequiresProfitability, clean financials, real tenure
Term Loan
Committed term debt from commercial banks, private credit funds and SBICs — sized on earnings rather than collateral.
- RateSOFR + 3.00% to SOFR + 8.00%
- Loan size$1M – $25M+
- Term3 – 7 years, amortizing
- Sized onA multiple of EBITDA, tested against leverage
- Time to close45 – 90 days
- SourcesCommercial banks · Private credit · SBIC
Asset-Based Line
A revolver sized by a borrowing base of receivables, inventory and equipment — not by your earnings.
- RateSOFR + 2.50% to SOFR + 6.00%
- Line size$1M – $50M
- Advance ratesUp to 85% A/R · 50–65% inventory · appraised M&E
- Sized onA borrowing base, reported monthly
- Time to close45 – 75 days
- RequiresField exam, appraisal, and borrowing-base reporting
SBA 7(a) & 504
The cheapest capital most small businesses can access. Also the slowest, with the most paperwork.
- RatePrime + 3.00% max over $350K
- Loan size$150K – $5M typical
- Term10 yrs working capital · 25 yrs real estate
- Time to close30 – 90 days
- Secured byBusiness assets + personal guarantee
- Best forAcquisition, partner buyout, refinancing costly debt
Equipment
Secured by the asset you're buying, so credit standards are more forgiving and funding is far faster.
- Rate7% – 13% APR
- Loan size$25K – $2M typical
- Term2 – 7 yrs, matched to asset life
- Time to close3 – 14 days
- Secured byThe equipment itself
- Best forTrucks, machine tools, production and medical equipment
Factoring
Not a loan. A factor buys your invoices and underwrites your customer's credit — not your profitability.
- Cost1% – 3% per 30 days
- Advance rate70% – 90% of invoice face
- TermNone — revolves with your receivables
- Time to close3 – 10 days
- Based onYour customer's credit, not your earnings
- NotA merchant cash advance. Nothing advanced on card volume.
Contract Financing
Funded against a signed contract or purchase order. The award and the counterparty's credit carry the deal.
- Cost1.5% – 3.5% per 30 days
- AdvanceUp to 100% of direct contract costs
- TermRuns with the contract
- Time to close5 – 15 days
- Based onThe award and who issued it
- Best forGovernment contractors, construction, staffing
Floor Plan
A revolving facility secured by the units on your lot. The lender pays the auction; you repay as each unit sells.
- RatePrime + 1.50% to Prime + 4.00%
- Advance90% – 100% of unit cost or wholesale value
- Line size$250K – $10M
- TermRevolving. Unsold units need a paydown — a curtailment — at 60 – 120 days
- Based onThe titled units and how fast you turn them
- Best forAuto, powersports, RV, marine and equipment dealers
Bridge
Growth capital for companies with somewhere to go. The one product here priced on a factor rate — and the only one.
- Minimum size$1,000,000
- Minimum term15 months
- Priced onA factor rate, shown with its annualized equivalent
- Time to close10 – 30 days
- Built forGrowing companies bridging to a bank facility or an event
- NeverA cash advance against future receipts
We publish rates. Annualized, or as a spread over the index — never as a monthly rate.
A “1.75% monthly rate” is roughly 23% a year. The industry quotes it monthly because it sounds smaller. We quote the way your banker does: SOFR + a spread, Prime + a spread, or an APR range. When the benchmark moves, your rate moves, and we’ll tell you by exactly how much.
The single exception is our bridge product, which is priced on a factor rate. We show the factor rate and its annualized equivalent side by side, every time. We do not place merchant cash advances at all.
Before you sign anything, we tell you in writing what this costs you and what we are being paid by the lender — on the same page as your terms. Most brokers disclose their compensation at closing, if at all.
Indicative ranges only, subject to each lender’s credit approval. Your actual rate depends on credit profile, tenure, collateral, and the benchmark on the day you close. SBA maximum spreads are set by the SBA, not by the lender. SOFR and Prime are published benchmark rates.
Everything we place, on one axis. Including what we don’t.
Annualized, so the comparison is real. Most of this industry quotes monthly or in factor rates precisely so this chart can’t be drawn.
Indicative annualized ranges, not offers. Where a product is quoted as a periodic discount — factoring, contract finance, advances — the annualized figure assumes continuous use through the year. We state that assumption because it is precisely what monthly-rate and factor-rate quoting is designed to obscure. Your actual cost depends on credit, tenure, collateral and the benchmark on the day you close.
We don’t originate cash advances. We refinance you out of them.
An advance today can cost you an SBA loan tomorrow. Stacked advances are one of the fastest ways a healthy business becomes un-bankable — they shred debt service coverage, they sit ahead of a lender in your receipts, and they make a 7(a) file very hard to place.
We would rather put you into bank credit in six months than an advance this week. That is not a moral position — it is what keeps you fundable.
To be exact about it: our objection is to concealment, not to a product. An advance with its annualized cost stated, the broker’s commission stated and the combined remittance stated is a decision you are entitled to make. Sold at a factor rate with a hidden nine per cent commission inside it, it isn’t a decision at all — only one side has the arithmetic. That principle is written down in our disclosure standard.
So the advances are the first thing we fix. Private lenders and factoring will take out stacked advances without demanding bank-grade coverage — consolidating a pile of daily debits into one monthly payment. That is a refinance we place all day, and it is usually the step that makes everything cheaper possible later.
- We never originate a cash advance against future receipts
- We never stack onto an advance you already have
- We do refinance advances into monthly-pay facilities
- Only factor-rate deal we place: bridge, $1M+, 15 months or longer, for growing companies
1,500+ lenders, sorted by who actually closes your kind of deal.
We’re new as a brand. The lender book isn’t — it’s a maintained repository with credit boxes, check sizes and coverage, and Bruno routes your file against it rather than blasting it out.
Underwriting first. Placement second.
Nothing reaches a lender until you’ve seen our read and approved it.
You send the file
Two years of business returns, YTD financials, a current debt schedule, and an A/R aging if you have receivables.
Bruno underwrites it
Our agent runs the same tests a credit committee runs — coverage, global cash flow, collateral, tenure, program eligibility — and shows the arithmetic instead of a score.
You get a memo
A written read on where you qualify today, where you don't, and precisely what would change it. Yours to keep either way.
One of three things
We place it, we send you to get the books built first, or we tell you it doesn't work and why.
Every file ends in one of three places.
And you’ll know which one within days, not months.
We place it
The file clears. We take it to the lenders most likely to close it, and you approve every submission before it goes out.
Nothing to underwrite yet
Returns unfiled, no internal books, no accounting function. This says nothing about whether the business is good — it means no lender can evaluate it. It’s the most common reason a sound business gets declined.
We send these to John W. Halloran CPA, P.C. to stand up the accounting and file the returns. Then send the file back.
An independent firm — not owned by or affiliated with Transparent, and we are not paid for the introduction. You are never required to use them, and your choice has no bearing on whether we place your file.
Specialty finance
Credit products need profitability, and no amount of bookkeeping changes that. But four structures don’t underwrite your earnings at all — they underwrite an asset or a counterparty:
Equipment is secured by the machine itself. Factoring is secured by your customer’s credit. Contract financing is secured by a signed contract or purchase order. Floor plan is secured by the titled units on your lot.
If none of the four has something to hold onto, we decline and tell you why.
A score tells you no. A memo tells you why.
Bruno is the underwriting agent behind every file we take. It reads your financials, builds the coverage and global cash-flow tests, checks program eligibility line by line, and writes the memo you receive. A person reviews every memo before it reaches you. Bruno doesn’t approve credit and neither do we — lenders do.
Send the file. Get a straight answer.
Nothing goes to a lender without your approval. If we can’t help, you’ll hear it in the first conversation rather than the fourth.
- 2 yrs business returns
- YTD P&L + balance sheet
- Current debt schedule
- A/R aging (if applicable)
Not sure where you stand? Read the bankability guide for your industry →