Compare your options
Six ways to fund a business, what each one costs you, and how long each one takes.
Advances are what we arrange most. Here’s an honest look at everything else.
Apply NowTwo things sort every business owner into the right product. How fast you need the money, and how strong your business looks today.
Cheap money rewards a strong business and a long runway. Fast money is open to more businesses and costs more. Pick the side that matches your deadline.
Everything below is sorted on that trade-off, cheapest and slowest first.
Six options
A bank loan partially guaranteed by the Small Business Administration, most commonly a 7(a).
Who it fits. Strong credit, two or more years trading, clean books, and time to wait.
Best suited to. Owners who can hand over full documentation, sign a personal guarantee, pledge collateral, and wait out a long bank review.
If you qualify and the need is 90 days out, this is the cheapest money available and you should take it.
A fixed amount from a bank, repaid monthly over a set term.
Who it fits. Established businesses with strong credit and a banking relationship already in place.
Best suited to. Businesses whose tax returns and trading history tell the same strong story as their current revenue, since that is what banks underwrite on.
A revolving limit you draw against and repay, then draw again.
Who it fits. Businesses with recurring short gaps rather than one large need.
Best suited to. Repeat smaller draws rather than one large lump, since limits usually sit below a term loan or advance and the lender can adjust the line.
Funding secured by the equipment itself.
Who it fits. Anyone buying a specific machine, vehicle, lift, chair or rack.
Best suited to. An equipment purchase specifically, since the money goes to the asset rather than payroll or materials.
When the purchase is equipment, this often beats an advance on price. We’ll say so.
You sell unpaid invoices to a factor at a discount and get most of the value now.
Who it fits. B2B businesses invoicing creditworthy commercial customers.
Best suited to. Owners happy for underwriting to rest on their customers’ credit, since many factors deal with those customers directly.
A funding partner buys a set amount of your future revenue at a discount and gives you the money now. This is what we arrange.
Who it fits. Businesses with real revenue and a deadline a bank timeline can’t meet.
Best suited to. Moves worth paying more for. You are paying for speed and access, and the money costs more than bank credit.
Pricing
Advances are priced as a factor rate, a multiplier rather than a percentage. A factor rate of 1.30 on $100,000 means you remit $130,000.
A factor rate is not an interest rate and the two don’t compare directly. Interest accrues over time, so paying a loan early saves money. A factor rate is fixed on day one, so the total is the total.
Two numbers decide every comparison. The total dollars you remit, and the amount that leaves your account each day or week.
Six months and eighteen months at the same factor rate cost identical dollars. They do completely different things to a Friday.
Ask what early payoff does, too. Some funding partners discount it and some don’t. We ask on every offer.
Figures are illustrative and shown to explain how pricing works. Your numbers will be your own.
Filings
A UCC-1 is a public notice filed with the state saying a funding partner has an interest in your receivables. Most of them file one.
It isn’t a lien on your equipment, your building or your house, and it isn’t a judgment.
It runs five years unless it's terminated or continued. Other funding partners can see it, and it shapes what they offer you next.
Ask for the termination once an advance is satisfied. Clearing the filing keeps your record clean for the next deal, and we follow up on it for our clients.
Quick answer
We arrange revenue advances. That is what we do every day, and we will tell you plainly when something else fits you better.
We know who works with your trade at your revenue level, and what it takes to get you the best offer back.
If your situation points at a bank, an SBA loan or equipment paper, you’ll hear that from us. Apply in minutes and get a straight answer either way.
Apply in minutes and we’ll tell you where you stand today.
Apply in minutes. Funded in 24 hours.
Berkley Financial Group LLC is an independent sales organization, not a lender. Funding is provided by third-party funding partners, who make the credit decision and set the terms. Not a commitment to fund. All financing subject to the funding partner’s approval.