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 | Business Line of Credit | Invoice Factoring |
|---|---|---|
| Range | $10K–$250K | $10K–$5M |
| Typical funding speed | 24–72 hours | 24–48 hours |
| FICO guideline | 600+ | Revenue-based |
| Often considered for | A reusable cushion for recurring or unpredictable expenses | B2B businesses waiting 30–90 days for customer payments |
| Structure | Revolving credit; draw as needed and pay interest on the amount used | An advance against eligible unpaid business invoices |
The short version
A business line of credit provides repeat access to capital for cash-flow gaps and opportunities without a new application for every draw.
The short version
Invoice factoring converts eligible B2B receivables into working cash, with underwriting focused heavily on invoice quality and customer credit.
Decision guide
Invoice factoring is purpose-built for eligible B2B receivables; it is not a general-purpose loan. Choose line of credit when the need is broader than outstanding invoices. Compare fees, payment mechanics, recourse, and customer-notification terms before deciding.
Start a no-obligation reviewCommon questions
Invoice Factoring has the faster published timing guideline here, but document readiness and underwriting determine actual timing.
Business Line of Credit lists 600+; 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.