How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 5 options for you
Lender | Best for | Max loan amount | Min. credit score | Next steps |
---|---|---|---|---|
Fundbox - Line of credit with Fundera by NerdWallet | Best for Short-term inventory lines of credit | $150,000 | 600 | with Fundera by NerdWallet |
Bluevine - Line of credit with Fundera by NerdWallet | Best for Long-term inventory lines of credit | $250,000 | 600 | with Fundera by NerdWallet |
SBA 7(a) loan with Fundera by NerdWallet | Best for Inventory loans backed by the government | $5,000,000 | 650 | with Fundera by NerdWallet |
Credibility Capital - Online term loan with Fundera by NerdWallet | Best for Inventory loans for businesses with strong credit | $500,000 | 650 | with Fundera by NerdWallet |
OnDeck - Online term loan with Fundera by NerdWallet | Best for Inventory loans for businesses with bad credit | $250,000 | 600 | with Fundera by NerdWallet |
Our pick for
Short-term inventory lines of credit
Fundbox - Line of credit
$150,000
600
10.10-79.80%
Our pick for
Long-term inventory lines of credit
Bluevine - Line of credit
$250,000
600
15.00-78.00%
Our pick for
Inventory loans backed by the government
SBA 7(a) loan
$5,000,000
650
5.50-8.00%
Our pick for
Inventory loans for businesses with strong credit
Credibility Capital - Online term loan
$500,000
650
6.99-24.99%
Our pick for
Inventory loans for businesses with bad credit
OnDeck - Online term loan
$250,000
600
9.00-99.00%
How Much Do You Need?
- Purchasing inventory to prepare for your busy season.
- Covering short-term cash flow gaps.
- Buying additional stock to meet increased customer demand.
- Updating product offerings or launching new products.
Inventory loans
Inventory lines of credit
Pros
- Self-collateralizing. You may not need to rely as much on personal credit, time in business or other forms of collateral to qualify for financing.
- Good for sales. Inventory financing can be used to meet an increased customer demand, prepare for a busy season or upgrade a product line.
- Easy application process. If your inventory records are organized, it can be quick and easy to apply for this type of financing — especially when working with an online lender.
Cons
- Limited loan amounts. Lenders will typically offer only a percentage of the total cost of the inventory you’re looking to purchase.
- Expensive. Interest rates can be higher on this type of financing, especially if you have a lower credit score, less time in business or aren’t using other assets to secure the loan. Although your business still may be able to qualify, the cost of borrowing will be much higher.
Banks and credit unions
Online lenders
To recap our selections...
Inventory Financing Loans: Compare Best Options of May 2022
- Fundbox - Line of credit: Best for Short-term inventory lines of credit
- Bluevine - Line of credit: Best for Long-term inventory lines of credit
- SBA 7(a) loan: Best for Inventory loans backed by the government
- Credibility Capital - Online term loan: Best for Inventory loans for businesses with strong credit
- OnDeck - Online term loan: Best for Inventory loans for businesses with bad credit