Business term loan
A lump sum repaid on a schedule. Check interest, origination fees, permitted uses, collateral and whether a personal guarantee is required.
FoxyFinance guides
Income & financing
Solopreneur & Micro Capital Financing for Sole Proprietors
Match funding to a specific business need, such as equipment, inventory or a timing gap between invoices and receipts. Compare the total repayment obligation with cash flow after operating expenses. The product label alone does not tell you its cost, repayment frequency or personal risk.
US consumer educationCompare costs and risksProvider-specific requirements
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Understand your options
Which structure fits your business cash flow?
Line of credit
Access funds up to an approved limit. Compare draw fees, unused-line fees, variable rates and the repayment rules for each draw.
SBA-backed or microloan route
Explore program eligibility and participating lenders. An SBA guarantee supports the lender; it is not a promise that an applicant will be approved.
Before you decide
- Write down the funding purpose, amount and expected cash-flow benefit.
- Prepare the financial and business records requested by the specific lender.
- Convert daily or weekly payments into a monthly budget to judge affordability.
- Compare total dollars repaid, fees, security interests and personal obligations.
Read the detailed guides
Explore the costs, requirements and practical steps for your situation.
1099 Contractor Bank Statement Loans: Non-QM 12–24 Month Deposit Verification Blueprint (2026)
Authoritative guide to bank-statement loans for 1099 independent contractors and solopreneurs. 12–24 month deposit verification, 50% default business expense haircut, and DTI limits.
Key Takeaway
✓ Non-QM bank statement loans qualify self-employed 1099 contractors based on actual deposit cash flow rather than taxable net income on tax returns.
Deferred Interest Purchase Near Its Deadline: Build a Payoff Calendar
A purchase advertised with interest waived if paid in full by a deadline can differ from a straightforward introductory zero-percent APR offer.
Personal Loan vs Credit-Card Cash Gap: Refinance Decision Tree 2026
A cash gap is the amount needed between a bill and the money available to pay it. It is not automatically a reason to refinance a credit card. First determine the actual
Finance Scam Fee Traps: Upfront Processing vs Legit Origination
Author: FoxyFinance Editorial · Desk check 12 September 2026. Disclaimer. Legitimate origination fees appear in the TILA box and are deducted from proceeds or added to amount financed. Upfront processing paid by gift card, wire, or crypto to a third party is a different event. Affiliate disclosure: One first-party hop may appear. We do not […]
SBA 7(a) Working Capital Loans vs. Merchant Cash Advances: True APR Calculation, Factor Rates, and Daily Sweep Risks
TILA / CFPB disclaimer. This page is educational. It is not a loan, credit-card, or insurance offer, not a quote, and not individualized legal, tax, or credit advice. Truth in Lending Act
Small Business Financing vs. Personal Loans: Legal Separation, APR Realities, and Underwriting Rules
TILA / commercial-finance disclaimer. Educational. Not a business-loan offer. Personal TILA boxes and commercial term sheets are different documents.
What a $10,000 Personal Loan Can Cost: 36 vs. 60 Months
Compare estimated 36- and 60-month costs for a hypothetical $10,000 personal loan, plus Regulation Z, MLA, California and trended-score guidance.
Key Takeaway
✓ APR is a comparison measure, not just the note rate; review fees, amount financed, payment schedule and total repayment.
How an origination fee changes personal loan comparisons
An origination fee deducted from loan proceeds reduces the cash you take home while leaving you responsible for interest on the full amount. How to calculate net funding.
Common questions
Does forming an LLC remove personal lending risk?
Not if you agree to a personal guarantee or other personal obligation. Read the actual financing agreement before signing.
Can a new business get the same terms as an established business?
Not necessarily. Revenue, time in business, credit and repayment capacity can affect eligibility and pricing. Requirements vary by lender and program.
Education reviewed October 5, 2026. Source: SBA: 7(a) eligibility and application requirements. Product terms must be checked with the provider.
Make an informed decision
These guides are educational, not individual financial advice. Verify current fees, repayment obligations, credit-check policies and eligibility with the institution before sharing information or accepting a product. No account, rate or approval is guaranteed.