Small Business Loans Are

What Exactly Are Small Business Loans?

At their core, they're an agreement: a lender provides capital, you repay it with interest or a fee over a set period. Beyond that, the variety is the point. Some are secured by collateral and cost less; some are unsecured and faster but pricier; some flex with your sales. The "right" loan is the one matched to your need and numbers.

Quordx Capital reads your profile and surfaces the loans you qualify for, submitting one application to several lenders so you compare real terms. The differences are concrete. A term loan gives you a fixed lump sum repaid on a set schedule, so you know the full cost upfront. A line of credit charges only on what you draw, which suits unpredictable needs. A revenue-based advance flexes payments with sales but is priced on a factor rate rather than an APR, making it costlier per dollar. Knowing which form fits your need is what separates a loan that helps from one that strains your cash flow.

What Forms Do They Take?

Term Loan: A lump sum $10K, $500K+ repaid on a fixed schedule, at a rate set by credit, revenue, time in business and collateral. Best for: defined, one-time investments.

Business Line of Credit: Revolving capital up to $250K+ you draw as needed. Best for: flexible, recurring needs.

Equipment Financing: $5K, $5M+ secured by the equipment itself. Best for: buying assets with a lower credit bar.