When it comes to securing financing for your small business, understanding the various loan options available is crucial. This article compares several lenders, highlighting their unique offerings, eligibility requirements, and pros and cons. National Funding is ideal for businesses with fair credit, providing loans up to $500,000 without collateral and quick approval. OnDeck excels in same-day funding, offering loans of $5,000 to $250,000 with a minimum credit score of 625. Cardiff stands out for equipment financing with $0 down, while Crest Capital caters to those needing smaller loans, starting at $5,000. For larger funding needs, Kapitus offers loans without a maximum limit, though it requires a higher credit score. Each lender has specific requirements, including time in business and annual revenue, making it essential to assess your business's situation before applying. Additionally, equipment financing can offer tax benefits, further enhancing its appeal for small businesses.
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