Business Funding by State

Tier 1: Full Product Access — 46 States

Businesses in the green tier can be matched to any product Quordx works with: business term loans, business lines of credit, SBA 7(a), SBA 504, and SBA Express, equipment financing and leasing, invoice factoring, working capital, commercial real estate financing, purchase order financing, inventory financing, venture debt, revenue-based financing, merchant cash advances, and industry-specific lending programs.

Your zip code does not cap your loan amount, your rate, or your term inside this tier. A $2 million SBA 7(a) is as available in Mississippi as it is in New Jersey. What changes is which lenders in the network fit your file, and that comes down to your revenue, time in business, credit, and industry rather than your address.

Tier 2: Merchant Cash Advances Only — California

Quordx is not able to arrange traditional loan products for California businesses. Term loans, lines of credit, SBA loans, equipment financing, invoice factoring, commercial real estate financing, and the rest of the lending catalog are all unavailable there.

Merchant cash advances are available. An advance is not a loan. The funder purchases a fixed amount of your future receivables at a discount and collects through a percentage of daily or weekly sales, or through a fixed debit, until the purchased amount is delivered.

Advances are priced with a factor rate, typically 1.15 to 1.50. Take $50,000 at a 1.35 factor and you deliver $67,500 regardless of how quickly you pay it off. Over a common 6 to 12 month collection period that works out to roughly 40% to 150%+ effective APR. It’s a real tool for a real situation, a cash-flow-positive business that needs money in days and has a specific use for it that earns more than the advance costs. Quordx will give you the total dollar cost and the effective rate before anything gets signed.

Tier 3: Not Served — Nevada, North Dakota, South Dakota

Quordx does not arrange any funding for businesses in Nevada, North Dakota, or South Dakota. If your business is based in one of these three states, an application through Quordx will not be routed to any lender in our network.

The right next step is a local bank or credit union in your state. State-chartered institutions know your licensing landscape, and the SBA maintains a directory of preferred lenders searchable by state at sba.gov.