Below is a general overview of rates and terms by financial product or service:

• Accounts receivable financing: loan amounts that are up to 80 percent of your receivables, with terms of up to 12 months. Interest rates start at 5 percent.
• Business acquisition loan: range from $5,000 to $5,000,000, with terms of 10 to 25 years (revolving term also available) and interest rates starting at 5.5 percent.
• Business credit card: credit limits between $1,000 and $500,000.
• Business line of credit: loan amounts range from $1,000 to $500,000 with terms between 1 and 2 years. You can expect your interest rate to be between 8 and 24 percent.
• Business term loan: loan amounts range from $5,000 to $2,000,000, with terms between 1 and 5 years. Interest rates start at 6 percent.
• Commercial mortgage: range from $250,000 to $5,000,000, with  terms between 20 and 25 years. Interest rates start at between 4.25 and 6 percent.
• Equipment financing: range from $5,000 to $5,000,000, with terms between 1 and 5 years. Interest rates start at 7.5 percent.
• Merchant cash advance: range from $5,000 to $200,000, with terms of up to 2 years. Interest rates start at 18 percent.
• SBA loan: loan amounts range from $50,000 to $5,000,000 with terms between 10 and 25 years. The interest rate is prime+.
• Short term loan: loan amounts range from $2,500 to $500,000 with terms between 1 and 3 years. Interest rates start at 8 percent.
• Startup loan: loan amounts range from $500 to $750,000,with terms of up to 25 years. Interest rates start at between 0 to 17 percent.

• Accounts receivable financing: no minimum credit criteria, but heavy emphasis is placed on the quality of your clients.
• Business acquisition loan: credit check required. Lender will also review your average revenues and the length of time you’ve been established as a business.
• Business credit card: a credit score of at least 680, no minimum time frame in business but it definitely helps.
• Business line of credit: a credit score of at least 560, six months or more in business, minimum annual revenue of $50,000.
• Business term loan: credit check required. Lender will also review your collateral, bank statement, profit and loss statements, and evaluate the amount of time you’ve been in business.
• Commercial mortgage: Creditworthiness a major factor, and the property’s appraised value will serve as collateral.
• Equipment financing: a credit score of at least 650 (lower if you’ve earned solid income for the past three to six months), 12 months or more in business, minimum annual revenue of $50,000.
• Merchant cash advance: no credit check required, two to four months of bank statements or receivables will be required by the lender to determine eligibility and advance amount
• SBA loan: varies by SBA loan type.
• Short term loan: credit check required, at least two years in business, collateral may be required.
• Startup loan: minimum credit score of 680, six months or more in business, field experience a plus.

Even if you haven’t had much luck with traditional lenders, don’t be discouraged from applying. With their average success rates, they’ve been able to help a large percentage of those who apply find competitive solutions. In fact, over 65 percent of applications submitted are approved. And to date, over $750 million in loans have been disbursed.

This means you can kiss the days of driving from the bank to bank and begging for funding goodbye. Lendio, along with the lenders in the network, streamline the process to make it easy for you.

Are you ready to give Lendio a test drive? Start by visiting their website and entering your desired loan amount into the box listed towards the bottom of the home page. You’ll then be taken through a series of questions about your business, credit profile, and finances to determine how much you qualify for. Also, be prepared to provide a copy of your financial statements, specifically profit and loss statements, along with a banking statement to substantiate the revenue amount indicated on your application.

While completing the 15-minute online application, you’ll also need to specify what type of loan or credit product you’re searching for so they can tailor the results to best suit your needs.

If Lendio finds a prospective match, you’ll be connected with a lender to submit a loan application and any additional documentation required to finalize the loan.

There’s no charge to use the service, and you’re not obligated to accept any of the loan offers presented to you.

• Accounts receivable financing: as quickly as 24 hours
• Business acquisition loan: in as little as 30 days
• Business credit card: 1 to 2 weeks
• Business line of credit: 1 to 2 weeks
• Business term loan: as quickly as 24 hours
• Commercial mortgage:in as little as 45 days
• Equipment financing: as quickly as 24 hours
• Merchant cash advance: as quickly as 24 hours
• SBA loan: 30 to 90 days
• Short-term loan: as quickly as 24 hours
• Startup loan: 2 to 4 weeks