Six programmes, six different ceilings, one application. What each one goes up to is the first thing on this page because it is the first thing anybody asks.
What each one is for
The ceilings above are what the six go up to. These are what they are actually for, which is the more useful question and the one a headline figure never answers.
- Term Loan — $1,000,000
- Fixed monthly payments on a lump sum, for something already costed.
- Business Working Capital — $750,000
- For payroll, rent, stock and the gap between doing the work and being paid.
- Equipment Financing — $1,000,000
- The longest term here, and the only programme secured on what it buys.
- Short-Term Business Loan — $500,000
- Capital inside a day, for something with a date on it.
- Business Line of Credit — $500,000
- A revolving limit that costs nothing until the week it earns its keep.
- Business Cash Advance — $500,000
- An advance on future sales, repaid as a share of them.
What this site does not publish
Three of the six publish a starting rate. Three do not, and rather than leave a blank or invent a figure, here is exactly what is and is not known before an application.
- The three that publish a rate
- The term loan starts at 5.5%, equipment financing at 4.5%, and the line of credit charges interest on what is drawn. Those are floors rather than quotes: what a business is actually offered depends on its revenue, how long it has traded and its credit file.
- The three that do not
- Working capital, the short-term loan and the cash advance publish no rate anywhere on this site. Asking for one before applying is reasonable; the answer will be a range until a lender has read the application.
- What applying costs, and what it touches
- Nothing, and your credit score. There is no application fee and nothing payable to Thrive at any stage. The application is a soft credit inquiry and leaves no mark; a lender may run a hard inquiry only if an offer is taken forward.
The cash advance is bought at a discount on future sales rather than lent at a rate. The amount repayable is fixed at the start, so clearing it early does not make it cheaper — which is the opposite of how the other five behave. The figure to ask a lender for is the total repayable in dollars, because that one is comparable across all six.
Apply
About fifteen minutes across six screens. One application reaches 80+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather ask somebody first? (844) 236-2640.