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 | SBA Loan | Invoice Factoring |
|---|---|---|
| Range | $50K–$5M | $10K–$5M |
| Typical funding speed | 30–60 days | 24–48 hours |
| FICO guideline | 650+ | Revenue-based |
| Often considered for | Established businesses seeking lower-cost, longer-term capital | B2B businesses waiting 30–90 days for customer payments |
| Structure | Government-guaranteed term financing, including SBA 7(a) and Express | An advance against eligible unpaid business invoices |
The short version
SBA loans can offer longer repayment periods and competitive costs to qualified, established businesses that can support a more involved process.
The short version
Invoice factoring converts eligible B2B receivables into working cash, with underwriting focused heavily on invoice quality and customer credit.
Decision guide
Choose the SBA path when the business can support deeper underwriting and waiting for a potentially lower-cost, longer-term structure. Choose invoice factoring when the stated use and faster timing matter more. Compare total cost, payment cadence, collateral, and guarantees in the actual offers.
Start a no-obligation reviewCommon questions
Invoice Factoring has the faster published timing guideline here, but document readiness and underwriting determine actual timing.
SBA Loan lists 650+; Invoice Factoring lists Revenue-based. 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.