Small Business Financing Solutions Can Help Businesses Grow
EZ Advance, where small businesses grow fast and offer quick and cheap working capital to over 30,000 start-ups and other businesses.
Easy Process
Apply within minutes
Tailored Financing
Created especially for small businesses
Fast Funding
Get Funding within hours of approval
What is Small Business Financing?
Small business financing, merchant cash advance, business loan, and line of credit refer to the financial support a small business acquires for business-related use only. Indeed, all companies depend on small business financing to help fulfill many of their requirements. Small business financing can cover anything that seems to be related to business, such as promotional campaigns, expansion of premises and operations, and other operating expenses.
Welcome to EZ Advance. We know how small businesses work, so we have designed financing products to match that model. They express the simple application and underwriting process, clear terms and conditions, and flexible repayment solutions suitable for small businesses so that they can obtain the working capital when required.
It all starts with an application so we can understand what your small business is all about. If we’re fit and your business is fully approved, our team will do its best to transfer your business’ balance as soon as possible. Please take a look at our financing offers and discover what is suitable for your business!
Dynamic Business Financing Picks Small Business Loan
It is ideal for receiving money in large amounts with fixed payments and periods. Small business loans are perfect for a short-term cash flow decrease, one-off equipment purchases, grabbing a new opportunity, or the functionality of a large order.
Loan Amount
Starts at $5001 up to $1 million
Business Loan Terms
It begins at 3 months and goes up to 60 months.
Payment Frequency
This includes an easy application process, fixed payments, longer terms, and the ability to access more dollars of financing.
Flexible Payments
Automatic withdrawal from the business bank account.
Key Benefits
A simple and fast application, guaranteed payment, long term, and capable of procuring large dollar amounts of financing.
Cost & Fees
An interest or fixed fee will be charged; other fees may also be charged.
Merchant Cash Advance
It is most suitable for a business that needs more flexibility as it comes with payments varying with credit cards or other receivables.
Advance payments
It starts at $5000 and ranges up to $500,000.
Estimated Completion Date
Payments are based on business receivables, so no fixed payment term exists.
Payment Frequency
Variable automatic payments based on the business receivables.
Flexible Payments
Automatic payments are calculated based on the percentage of the business credit card sales or other receivables.
Key Benefits
Great for businesses that have high credit sales/receivables or are seasonal.
Cost & Fees
The receivables are discounted, and fees may be charged and deducted from the advance amount.
Line of Credit
A business line of credit is a common form of credit arrangement that operates on the revolving credit structure. This means it avails an approved sum of working capital funds, which the business can access occasionally. A business line of credit is always good as it is a buffer for odd times when there is little or no business.
Available Funds
Credit limits start at $5001 and go up to $250,000.
Payment Terms
Amortization for 3-18 months (the term may reset every time you draw capital).
Payment Frequency
They are fixed daily, weekly, or monthly payments withdrawn from the business bank account on records.
Flexible Payments
Payments are automatically withdrawn from the business bank account.
Key Benefits
Flexible funding is ideal for recreating cash flow, providing businesses with working capital when required.
Cost & Fees
An interest or fixed fee will be charged; other charges may also be charged.
Bridge Loan
Bridge loans, or swing loans, are mainly used when a business waits for its long-term financing arrangement or to clear its debts. Best suited for firms having extra commitments that require fulfillment in the short term about cash.
Loan Amount
It starts at $5001 and ranges up to $1 million.
Loan Term
It Starts at 3 months, ranging up to 60 months.
Payment Frequency
Automatic daily, weekly, or monthly payments are withdrawn from the business bank account on records.
Flexible Payments
The fixed payment amount is automatically withdrawn from the business bank account.
Key Benefits
Access to quick capital until a business can secure a longer-term loan.
Cost & Fees
An interest or fixed fee will be charged; other fees may also be charged.
SBA Loan
An SBA loan is a relatively small business loan with a fixed low fee, remains repaid over a long term, is backed by the government to a certain extent, and can be used for any business purpose.
Loan Amount
It ranges from $500 up to $5.5 million.
Loan Term
It ranges from 1 year up to 30 years.
Payment Frequency
On records, monthly payments are withdrawn from a business bank account.
Invoice Factoring
Invoice factoring, or accounts receivables factoring, is a financial tool organizations use to help businesses sell and convert pending invoices into funds.
Advance Amount
It starts at $20,000 and ranges up to $10 million.
Easy Application
Submit your outstanding invoices.
Simple Process
Get immediate access to capital on outstanding 20,60, or 90-day invoices.
Small Business Financing Questions to Consider
The most significant benefit of a merchant cash advance is that it is perfect for businesses that accept credit card payments and have loads of invoices or are irregular in their income-generating activities. Late My charges are based on the businesses’ credit card sales or other receivables, so the payments are flexible. However, if a business needs more money to be financed and prefers to have fixed costs, then the business may approach a small business loan.
This is because the duration a business requires working capital determines the appropriate source for working capital. Of the two, merchant cash advances and lines of credit are the most flexible concerning short-term funding. Small retail business loans are perfect for long-term funding as your business may be given up to 60 months to repay your loan.
This is partly true because, whereas some small business financing companies check your credit scores, commercial financing firms are significant in your business vitality. Some financing products, like a merchant cash advance, accept a lower credit score, while a line of credit financing might accept a higher credit score.
The best business financing option is the line of credit since once the business applies and gets the line of credit, it gets an authorized amount of cash every time it requires it.