There is no reason why you — as a business owner — should have to be burdened with a bunch of needless stress over where to get your funding. Funding options should be low-stress and readily available. That’s where RAN Funding comes in. We help business owners get the funding they need without all the hassle that typically comes with taking out a loan. 

It’s one thing to know that you need a loan for your business. It’s another thing entirely to know what kind of loan to get for your business. There are so many moving parts. The ideal loan might change depending on what you’re using the funding for, how fast you need the funding, whether or not you want to use collateral, your odds of approval, and many other things still. You can contact us for more information on funding, and you can always check out some of our resources such as our FAQ page. We can help walk you through this whole process.
On top of all of that, a good starting point is to get a sense of your funding options. That is what today’s blog is all about. We will be taking a brief look at each of our quick-approved loans that you can get for all of your business funding needs. If you’re ready to move forward with the process, then just reach out to today. Otherwise, let’s dive into the funding options available from RAN Funding!

What Are Your Options?

First things first, we want to provide a quick list of all of our funding options. Click on each type of loan to take you to a dedicated service page that goes in-depth into the specific funding type. So, what are your options?

As mentioned, the type of loan that is best for you and your business will depend on several factors. On that note, let’s look at our quick-approved loans in a bit more detail.

Short-Term Loans

There are many reasons why you might be in need of immediate relief. After all, you know that owning your own business brings with it a fair share of risks. Difficult situations can arise without any notice. When you’re in need of funding — and fast — then a short-term loan might be your best option.

A short-term loan provides immediate cash flow, bridging gaps between accounts receivables and payables, supporting short-term operational costs, providing funding early, and, of course, handling emergency repairs or malfunctioning equipment. Short-term loans can also be a solid option if you are presented with a business opportunity that you can’t let pass by. You want to be able to strike while the iron’s hot. Every business owner faces situations like these and having the funds on-hand can make or break a small business. 

SBA Loans

Small Business Administration (SBA) Loans can be an ideal option if you are in need of a safety net. SBA Loans allow us to work with you and the Small Business Administration to find the plan that works best for your needs. By working alongside the Small Business Administration, you have the opportunity to secure more funding that you might be able to otherwise. 

Here’s what you can expect with an SBA Loan:

  • Funding range: $50,000 to $15,000,000
  • Interest rates: Starting at 4.75%
  • Term: 3 to 20 years
  • Speed: Two to three weeks

Equipment Financing

Businesses need well-functioning equipment. And in today’s day and age, we are more reliant on technology than ever before. We simply cannot afford malfunctioning equipment. If you are having issues with equipment that is essential for the functioning of your business, then equipment financing might be the best option for you. From computers to vehicles and beyond, equipment financing can help ensure that you don’t miss a single day of business due to improper functioning. 

In order to apply, all you need to do is schedule time to work with our team. We’ll ask about the equipment you’re looking to purchase and take any relevant documentation, such as the cost. If you’re approved, here’s what you can expect from equipment financing:

  • Funding Range: Full Purchase Amount
  • Interest Rate: Starting at 5%
  • Term: 1-5 years
  • Speed: 48-72 hours

Business Term Loan

Short-term business loans aren’t the only ones that are good for seizing opportunities. Business term loans are a fantastic option for striking while the iron’s hot. As a business owner, you know how devastating it can be to regret not acting on a great opportunity when it was presented. You don’t want to find yourself without the funds for these rare — and oh so important — opportunities to invest in the future of your business. 

Business term loans are especially great because they offer flexible repayment plans with fixed terms and rates. Here’s what you can expect:

  • Funding range: $20,000 to $10,000,000
  • Interest rates: Starting at 8.75%
  • Term: 2 to 15 years
  • Speed: 48 to 72 hours

Account Receivable Financing

Business owners often have to confront situations where funds and incoming capital are tied up for various reasons. It can be frustrating when you’ve already made the capital, but you are unable to spend or invest it. That’s where account receivable financing can help. This type of financing through RAN Funding allows you to receive up to 100% of an outstanding invoice. You won’t have to wait for that capital to be released — you can receive it on the same day as the application. It’s important to note that accounts receivable financing isn’t technically considered to be a business loan. Accordingly, it can be much easier for business owners to secure accounts receivable financing over other financing options.

Commercial Mortgage

A commercial mortgage allows you to secure funding to get the perfect property for the future of your business. You don’t want anything getting in the way of your vision. A commercial mortgage presents you with the opportunity to expand or renovate your business to match your vision. There’s no holding you back when you work with RAN Funding to invest in your future.

Merchant Cash Advance

A merchant cash advance — also known as an MCA — are not technically quick-approved loans. Rather, they are a way for you to get quick access to funding in exchange for a percentage of your daily credit and debit card sales, in addition to a small fee. One of the draws of MCAs is that they allow you to secure funding even if you don’t have any collateral. MCAs are ideal for business owners who need funding fast and don’t have the collateral for a more traditional loan. MCAs can also be beneficial for business owners with a short business history.

So, what can you expect from MCAs secured through RAN Funding?

  • Funding range: $5,000 to $1,000,000
  • Interest rates: Starting at 1.08%
  • Term: 3 to 24 months
  • Speed: Same-day availability

Working Capital Loan

Merchant Cash Advances offer same-day availability — but that’s not your only option if you need funds today. If you have collateral and are looking for a more traditional loan, then a working capital loan is the best option for you. A working capital loan allows you to get same-day funds for both emergencies and important opportunities. However, working capital loans are not the best option for longer-term investments or assets. If you’re looking to secure funding for a long-term investment, then be sure to check out one of our other options found in today’s blog. 

If you do decide that a working capital loan is the right choice for you, then here’s what you can expect:

  • Funding range: $5,000 to $1,000,000
  • Interest rates: Starting at 1.08%
  • Term: 3 to 24 months
  • Speed: Same day availability

Business Line of Credit

If you’re looking for maximum flexibility for your business funding solutions, then there’s no better option than a business line of credit. A business line of credit gives you the chance to manage your cash flow, purchase more inventory, cover an unexpected cost, and much more. With a business line of credit, you can gain access to funds only as you need them. This means that you only pay interest on what you draw. 

Here’s what you can expect with a business line of credit:

  • Funding range: $10,000 to $2,000,000
  • Interest rates: 7%
  • Term: 36 months
  • Speed: 72 hours

Quick-Approved Loans and Funding Solutions

As you can see, RAN Funding offers a variety of funding solutions for all of your business needs. Whether you need a loan today, or you need a chance to invest in the long-term future of your business, RAN Funding is here to help your business thrive. It all begins with reaching out.