Small Business Financing

Types of Small Business Financing Available

Here are all the business loan options you can access through our ROK Financial partnership. The right product depends on what you need the money for, how much revenue your business generates and how much time you have to get funded.

Equipment Financing

This is the loan the BEAD contractor used. Equipment financing lets you buy or lease almost any physical business asset, including machinery, work trucks, medical equipment, office furniture, restaurant appliances, computers and specialty tools. The equipment itself usually acts as the collateral, so you often don’t need to put other assets on the line.

Key details:

– No minimum time in business required
– No minimum revenue required
– FICO starting at 580 (varies based on equipment type)
– Funding in as little as 2 days
– Low or no down payment options
– 1 to 5 year terms
– Loan amounts up to $5 million

A tax note worth reading: Under the One Big Beautiful Bill Act signed in July 2025, you may be able to deduct 100% of qualifying equipment costs in year one. Scroll down for more on that.

Working Capital Loans

Working capital loans give you short-term cash to cover everyday business expenses like payroll, rent, inventory and utilities. This is the product most small business owners reach for when they hit a seasonal slow patch or land a big contract and need to staff up fast.

Key details:

– 4+ months in business
– $10,000 or more in monthly sales
– No minimum FICO score
– Same-day funding available
– Loan amounts up to $5 million
– Terms up to 10 years
– No collateral required
– No limits on how you use the funds

Accounts Receivable (AR) and Purchase Order Financing

If your business has money tied up in unpaid invoices or a stack of purchase orders you can’t fulfill without more cash, AR and PO financing gets you the working capital now. You sell or pledge your outstanding invoices in exchange for fast cash. This is common in trucking, manufacturing, wholesale and government contracting, where 30, 60 or 90 day payment cycles are the norm.

Key details:

– $500,000 or more in annual sales
– Aging A/R report required
– No minimum FICO score
– Funding in as little as 2 days
– Lower interest rates than many alternatives
– Up to 10 year terms
– No extra collateral needed beyond the invoices themselves

SBA Loans

SBA loans are backed by the U.S. Small Business Administration, which lets lenders offer lower rates and longer repayment periods than they could on their own. These loans take longer to close but for established businesses planning a major purchase or expansion, the savings add up. SBA 7(a) loans are the most common. SBA 504 loans are built for real estate and large equipment purchases.

Key details:

– 2+ years in business
– $120,000 or more in annual sales
– FICO 675+
– Approved in 24 to 48 hours
– Funded in 30 to 45 days
– Loan amounts up to $5 million
– Terms up to 25 years
– Can be used to refinance existing business debt

Documents you’ll need: signed application, 6 months of business bank statements, SBA questionnaire, business debt schedule, 3 years of personal and business tax returns, prior year plus year-to-date P&L and balance sheet.

Business Line of Credit

A business line of credit works a lot like a credit card but with higher limits and lower rates. You only pay interest on what you actually use. When you pay it back, the credit becomes available again. This is the go-to product for cash flow management, payroll gaps, unexpected repairs and short-term opportunities.

Key details:

– 6+ months in business
– $10,000 or more in monthly sales
– FICO 600+
– Same-day funding available
– Credit lines up to $5 million
– Interest only on the amount you draw
– Revolving credit, so it refills as you pay it down

Term Loans

Term loans give you a lump sum upfront that you pay back in fixed monthly installments over a set period. These work best for one-time purchases like a buyout, a location expansion or a large renovation. You know what you owe, what your payment is and when you’ll be done paying.

Key details:

– 2+ years in business
– $10,000 or more in monthly sales
– FICO 660+
– Funding in as little as 1 to 3 days
– Fixed or variable rates
– No prepayment penalties
– Monthly payments

Commercial Real Estate Financing

Commercial real estate loans help you buy, refinance or renovate income-producing property like office buildings, warehouses, retail storefronts and industrial space. This is also the product your business needs if you want to stop renting and own the building you already work out of.

Key details:

– FICO 650+
– Down payment required
– Property documentation needed
– Funding in 25 to 40 days
– Loan amounts from $250,000 to $10 million
– Terms from 10 to 30 years

Merchant Cash Advance and Working Capital Alternatives

If your business takes a lot of credit card payments, a merchant cash advance lets you borrow against your future sales. ROK also offers smarter working capital alternatives with more predictable repayment for business owners who want to avoid the daily debit style of a traditional MCA. Restaurants, retail shops and auto repair businesses often use these.

Franchise Financing

Franchise financing gives you capital to buy into a franchise, open a new location or expand the one you own. It covers franchise fees, build-out costs, equipment, signage and working capital.

Key details:

– 6+ months in business
– $10,000 or more in monthly sales
– No minimum FICO score
– Funding in as little as 2 days
– Up to $5 million
– Terms up to 10 years

Startup Business Funding

If your business is under 2 years old, startup funding combines several products into one application. Equipment financing (no time in business required), SBA microloans and revenue-based funding for businesses with at least 4 to 6 months of deposits all fit here.

Residential Investment Property and Fix-and-Flip Financing

Real estate investors use this to buy, renovate and sell properties. Fix-and-flip loans fund most of the purchase price plus the full cost of rehab, so you keep your own cash free for the next deal.

Key details:

– FICO 680+
– 3 successful flips in the last 36 months for fix-and-flip
– Rates starting at 8.99%
– Funding 80% of purchase and 100% of rehab costs
– 1 to 4 unit properties
– Monthly payments

Middle Market Lending

For larger, more established businesses with more complex capital needs, middle market lending offers custom-structured financing that doesn’t fit cleanly into any standard box.

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Who Can Qualify for Small Business Financing

Most business owners qualify for something, even if they’ve been turned down by a bank. Traditional banks approve about 22% of small business loan applicants. Our partner ROK evaluates your actual business performance, not just a credit number on a page.

Baseline for most products:

– 4 to 6 months in business
– $10,000 or more in monthly deposits
– 4 to 6 months of business bank statements
– No minimum FICO on several products

ROK funds businesses in almost every industry: medical and dental practices, home health, assisted living, general contractors, HVAC, electrical, plumbing, fiber optic and BEAD contractors, restaurants, trucking and transportation, retail, auto repair, manufacturing, wholesale and distribution, salons and beauty services, accountants, attorneys, insurance agencies and real estate firms.