Get your free Business Funding Guide.

Confused about funding options or where to start


By understanding the specific funding and credit options available to your business and industry, you can make an informed decision on which option is best for you.

Know what you want?

Ready to fill the application ?

Have questions?

Need guidance?

Types of Business Loans


We provide a variety of loan options available to businesses, each designed to meet different needs. Here’s a brief overview of some common types of business loans:

  • SBA Loans: These loans are backed by the Small Business Administration and are known for their favorable rates and terms. They can be used for a wide range of purposes, including working capital, expansion, and equipment purchases.

  • Term Loans: These are traditional loans from banks or online lenders that provide a lump sum of cash upfront, which is then repaid over a set period with interest.

  • Business Lines of Credit: Similar to a credit card, a business line of credit allows businesses to borrow up to a certain limit and pay interest only on the amount borrowed. This is useful for managing cash flow and unexpected expenses.

  • Invoice Financing: This option allows businesses to borrow money against the amounts due from customers, helping to improve cash flow while waiting for invoices to be paid.

  • Equipment Loans: Specifically designed for the purchase of equipment, these loans use the equipment itself as collateral.

  • Commercial Real Estate Loans: For purchasing or renovating commercial property, these loans are typically secured by the real estate itself.

  • Microloans: These are smaller loans that can be used for a variety of purposes, often provided by non-profit organizations to businesses that may not qualify for traditional bank loans.

  • Merchant Cash Advances: This is an advance on future credit card sales, where the lender takes a portion of daily credit card income as repayment.

  • Bridge Loans: Short-term loans designed to bridge the gap between immediate funding needs and long-term financing.


Each of the above loan type has its own qualification criteria, interest rates, and terms, so it’s important to research and compare options to find the best fit for your business needs.

Know what you want?

Ready to fill the application ?

Have questions?

Need guidance?

(224) 479-1455

info@primegrowthfunds.com

2024 JRNLD LLC- All rights reserved