Rates and fees, in plain English.
Typical ranges for every product we work with, what drives the low end, and what drives the high end. No fine print games.
Talk to an underwriter at (555) 123-4567
These are typical ranges, not quotes. Your actual offer depends on revenue, time in business, credit profile, use of funds, and the specific product. We only commit to numbers in writing on a real offer letter.
Small Business Term Loan
A lump sum, fixed payment, fixed payoff date.
What you will see
- Pricing metric
- APR
- Typical low end
- 9.99% APR
- Typical high end
- 35% APR
- Origination
- 1% to 5% of loan amount
- Prepayment
- Many of our term loan structures allow prepayment with interest savings. Some carry a 1% to 3% prepayment fee, and a few include a minimum interest provision that limits how much you save on an early payoff. We tell you which structure applies before you sign.
Why ranges exist
What drives the low end
FICO 720 or higher, three or more years in business, healthy DSCR, audited or accountant-prepared financials, and a clear use of funds with predictable payback.
What drives the high end
FICO between 620 and 660, around one year in business, thinner cash flow, less documented financials, or a more speculative use of proceeds.
Business Line of Credit
Flexible cash flow, ready when you need it.
What you will see
- Pricing metric
- APR
- Typical low end
- 14% APR
- Typical high end
- 60% APR
- Origination
- $0 to $250 to open, plus draw fees of roughly 1.5% to 3% on some line structures
- Prepayment
- Most of our lines have no penalty for repaying a draw early. Some structures carry an unused-line fee or an annual maintenance fee, which we confirm up front so the all-in cost is clear.
Why ranges exist
What drives the low end
FICO in the 700s, two or more years in business, steady monthly revenue, and a history with Sprint or another business lender.
What drives the high end
FICO in the low 600s, around one year in business, higher revenue volatility, or a thinner credit file on the business itself.
Equipment Financing
Buy or lease the equipment you need, the equipment is the collateral.
What you will see
- Pricing metric
- APR
- Typical low end
- 7% APR
- Typical high end
- 25% APR
- Origination
- 1% to 4% of equipment cost, or $0 on prime-credit deals with established vendors
- Prepayment
- Many of our programs allow full payoff with an interest rebate. Subprime structures may use a precomputed-interest contract where early payoff savings are limited. We confirm whether it is a simple-interest or precomputed contract before you sign.
Why ranges exist
What drives the low end
Strong personal and business credit, new equipment from an approved vendor, full personal guarantee, and a clean payment history on prior equipment loans.
What drives the high end
Used or specialty equipment, weaker credit, owner-only personal guarantee on a newer business, or smaller deal sizes where we have less margin to work with.
SBA Loans
Lower-cost capital backed by the Small Business Administration.
What you will see
- Pricing metric
- Interest rate
- Typical low end
- Prime + 2.75% (currently around 10.5%)
- Typical high end
- Prime + 4.75% (currently around 13.5%)
- Origination
- SBA guaranty fee of 2% to 3.75% on the guaranteed portion, plus standard closing costs (appraisal, title, legal)
- Prepayment
- SBA 7(a) loans with terms of 15 years or longer carry a three-year declining prepayment penalty of 5%, 3%, and 1% of the prepaid amount. Loans under 15 years have no SBA prepayment penalty. We confirm the prepayment terms on every offer.
Why ranges exist
What drives the low end
Strong DSCR, ample collateral coverage, a real estate component, larger deal size, and a borrower we have worked with before.
What drives the high end
Working capital use of funds, lighter collateral coverage, smaller deal size, or a borrower outside our preferred industry mix.
Invoice Factoring
Turn unpaid invoices into cash today.
What you will see
- Pricing metric
- Discount fee
- Typical low end
- 1.5% per 30 days outstanding
- Typical high end
- 5% per 30 days outstanding
- Origination
- Setup $0 to $1,500, depending on facility size and customer concentration
- Prepayment
- Prepayment does not really apply to factoring. Pricing is per invoice and per 30 days outstanding, so the cost stops when the invoice is collected. If you stop submitting invoices, the facility simply winds down (subject to any minimum-volume terms).
Why ranges exist
What drives the low end
Diversified base of strong-credit customers, monthly factored volume above $250K, predictable payment cycles, and few or no dilution events such as chargebacks or short-pays.
What drives the high end
Concentrated customer base, smaller monthly volume, slower-paying customers, or a higher rate of disputes and short-pays on the receivables.
Get an actual quote in 5 minutes.
Ranges are useful for planning. They are not an offer. If you want the real number for your business, send us a short file and we will come back with paper.
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