Funding comparison
Compare published guidelines for structure, timing, credit profile, and common uses. Final terms depend on underwriting and the specific offer.
Compare my optionsSide by side
These ranges and timing estimates were retained from the legacy Now Biz Fund project. They are not offers or guarantees.
| Consideration | Equipment Financing | Business Line of Credit |
|---|---|---|
| Range | $10K–$2M | $10K–$250K |
| Typical funding speed | 24–72 hours | 24–72 hours |
| FICO guideline | 580+ | 600+ |
| Often considered for | Buying or upgrading equipment, vehicles, or machinery | A reusable cushion for recurring or unpredictable expenses |
| Structure | Financing secured primarily by the equipment being purchased | Revolving credit; draw as needed and pay interest on the amount used |
The short version
Equipment financing can put new or used assets to work without consuming the cash reserved for payroll and operations.
The short version
A business line of credit provides repeat access to capital for cash-flow gaps and opportunities without a new application for every draw.
Decision guide
Use equipment financing when a specific revenue-producing asset is the reason for funding. Choose line of credit when flexibility beyond an equipment purchase is the priority. Compare down payment, lien, term, total cost, and prepayment terms.
Start a no-obligation reviewCommon questions
Both options share a 24–72 hours published timing guideline; actual timing depends on underwriting and document readiness.
Equipment Financing lists 580+; Business Line of Credit lists 600+. These are guidelines, not approval guarantees, and other underwriting factors apply.
Request the total repayment, fees, payment frequency, term, prepayment treatment, and any collateral or guarantee requirements in writing. A rate or factor alone does not show the full cost.
Sometimes, if each product serves a distinct need and the combined payments remain affordable. Existing obligations affect underwriting, so disclose them before accepting an offer.