How We Compare

Compare LendVantage: More Options and Easier Funding for Small Business


Use the chart below to compare the different financing options offered by our network.

Four (4) Different Financing Options
Business
Term Loans
Revenue-Based Financing Merchant
Cash Advance
Business Line
of Credit
Availability High Highest High Lower
Time to Funding Days Days Days Minutes
Best for Established businesses with consistent bank deposits year-round. Businesses with income that fluctuates month to month. Businesses that deal mostly with credit card transactions. Healthy businesses that want on-demand access to funding multiple times.
Amount $5,000 - $250,000 $5,000 - $250,000 $5,000 - $100,000 $2,000 - $100,000
Funding Lump sum deposited in as fast as 24 hours after approval. Lump sum deposited in as fast as 24 hours after approval. Lump sum deposited in as fast as 24 hours after approval. Draw down on a line of credit up to once a day; funds in as fast as 7 minutes.
Term 4 - 24 Months 4 - 18 Months No set maturity date
Avg. 6 - 8 Month payback
6 Months per draw
Personal Collateral Required No No No No
Rate 19.99 - 39.99% for a 24 month term loan N/A; a fixed cost instead N/A; a fixed cost instead 1 - 13.5% for the first (2) months and 1% for the next four (4) months
Fixed Cost A negotiated amount based on the total amount loaned and an evaluation of the business. Typically ranges from $0.14 to $0.33 for every $1 funded. A negotiated amount based on the total amount advanced and an evaluation of the business. Typically ranges from $0.20 to $0.40 for every $1 funded. A negotiated amount based on the total amount advanced and an evaluation of the business. Typically ranges from $0.20 to $0.40 for every $1 funded. N/A; a rate instead
Repayment A predetermined amount is automatically paid back either daily or weekly, depending on the qualifications of the business (no payments on weekends or bank holidays). A predetermined amount is automatically paid back either daily or weekly, depending on the qualifications of the business (no payments on weekends or bank holidays). Seasonal businesses may qualify for a variable amount that adjusts based on cash flow. A predetermined percentage of daily credit card sales is deducted from your daily merchant account reconciliation (no payments on weekends or bank holidays). 1/6th of the loan plus fees is collected every month; no penalty for paying early
Additional Funding Most businesses will qualify for additional funds after at least 50% of the first loan has been repaid. Most businesses will qualify for additional funds after at least 50% of the first advance has been repaid. Most businesses will qualify for additional funds after at least 50% of the first advance has been repaid. Accounts reunderwritten monthly; can request a manual review for additional funding.
Learn more about Business Term Loans Learn more about Revenue-Based Financing Learn more about Merchant Cash Advance Learn more about Lines of Credit
Get Pre-Approved in Minutes For a Business Loan/Advance From $2K - $250K
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