These are generally easy to qualify for, as long as your business has decent credit and generates revenue.ĬreditDonkey is a credit card comparison website. They are offered by banks and online lenders for amounts ranging from $25K to $500K in terms of 1-5 years. Term loans are paid back in regular installments, also called terms. They are offered by banks or online lenders. Business credit lines range from $1K to $250K and do not require collateral. You use up and repay the borrowed money as needed. Like a credit card, a business line of credit only requires you to pay interest on the amount of money you borrow, not your entire credit limit.
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