In short
Business funding includes business lines of credit, equipment financing, term loans and revenue-based financing. Approval is borrower specific and often weighs revenue and cash flow over credit. Most options call for business bank statements, time in business and a personal guarantee.
Reviewed by Scottie Campbell, NMLS #1610726 · Last updated October 18, 2026
What kinds of business funding are available?
Business funding covers several tools: business lines of credit (draw as needed and pay interest only on what you use), equipment financing (the equipment itself is the collateral), term loans (a set amount repaid over a set period), and revenue-based financing (repaid as a share of your sales, fast but costlier). Approval is borrower specific and often weighs revenue and cash flow over credit. Plan on business bank statements, time in business and a personal guarantee. I help you find the right financing for what you're trying to accomplish.
Key takeaways
Not every business need involves real estate. Sometimes you need a truck, a piece of equipment, inventory for a busy season, or a cushion to cover payroll while invoices catch up. I'm Scottie Campbell, a Mortgage Advisor and business owner in Georgetown, TX, and I help business owners find the right financing for those needs too. Approval is borrower specific, and it often weighs revenue and cash flow over credit.
Funding That Matches the Need
Quite frankly, the most common mistake I see with business funding is using the wrong tool for the job. Long-term equipment on short, expensive money. A one-time project on a revolving line that never gets paid down. The right structure matters as much as getting approved.
I'm a business owner myself, so I get it. My job is to educate and empower you so you understand each option. Your job is to decide.
The Main Options
Business Line of Credit
A line of credit works like a reserve tank. You draw as needed and pay interest only on what you use. It's a good fit for uneven cash flow, seasonal inventory, or covering costs while you wait on receivables.
Equipment Financing
The equipment is the collateral. Trucks, machinery, medical or restaurant equipment, technology: because the loan is tied to something with value, approval often leans on the equipment and your cash flow more than on a perfect credit history.
Term Loan
A set amount of money, repaid on a set schedule. Term loans fit one-time investments like an expansion, a buildout, or buying out a partner, where you know the cost up front.
Revenue-Based Financing
Repaid as a share of your sales. It's fast, and payments flex with your revenue, but it's costlier than the other options. It can make sense for a short-term opportunity with a clear payoff. It's rarely the right long-term answer.
Side by Side
| Option | How you repay | Often a good fit for |
|---|---|---|
| Line of credit | Interest only on what you draw | Cash flow gaps, seasonal needs |
| Equipment financing | Scheduled payments, equipment is collateral | Vehicles, machinery, tools |
| Term loan | Fixed schedule | Expansion, buildouts, one-time projects |
| Revenue-based | Share of sales | Short-term needs where speed matters |
What Lenders Look At
Business funding approval is borrower specific, and it often weighs revenue and cash flow over credit. Plan on:
- Business bank statements showing deposits and cash flow
- Time in business, since lenders want to see a track record
- A personal guarantee from the owner on most options
- Sometimes tax returns, a profit and loss statement or an equipment quote, depending on the product
If your credit took a hit during a rough patch, that doesn't automatically close the door. A business with steady deposits can have more options than you'd expect. It's never a no. It's always a how.
How I Help
- I help you find the right financing. We start with what you're trying to accomplish, then look at which tool fits.
- Total cost, not just speed. Fast money can be expensive money. We look at the total cost of each option over the time you'll carry it, the same way I approach a Total Cost Analysis on a mortgage. Your rate depends on your scenario and the day's market. Reach out and I'll price it for real.
- The bigger picture. If you own real estate or plan to buy your building, we can talk about how business funding fits alongside commercial real estate or SBA financing.
- High-tech, high-touch. Simple digital document collection, and a real person who answers. Feel free to text me.
A Few Honest Cautions
- Read the repayment terms closely, especially on revenue-based financing, where the cost can add up quickly.
- A personal guarantee means you're personally on the hook if the business can't pay. Go in with eyes open.
- Avoid stacking multiple short-term advances. If you're already there, let's talk about a plan to get out from under them.
Let's Talk About Your Business
Can't do it now doesn't mean can't do it ever. If the timing isn't right yet, I'll tell you what would strengthen your position and help you build toward it. Whether you're in Georgetown, TX or anywhere I'm licensed, you're talking to the owner of this company, and I'm here to serve.
Information on this page is general and educational. It is not a commitment to lend or an offer of credit. Commercial and business financing is borrower specific, and programs, guidelines and eligibility change and depend on your full scenario. Waymaker Mortgage Company, NMLS 2440476. Equal Housing Lender.
Quick facts
- Minimum credit score
- Borrower specific; often weighs revenue and cash flow over credit
- Options
- Lines of credit, equipment financing, term loans, revenue-based financing
- Line of credit
- Draw as needed, interest only on what you use
- Equipment financing collateral
- The equipment itself
- Typical documents
- Business bank statements, time in business, personal guarantee
Is this loan right for you?
Who it's for
- Business owners who need working capital or a cash flow cushion
- Businesses buying vehicles, machinery or other equipment
- Owners funding an expansion, buildout or one-time project
- Businesses with steady revenue whose personal credit isn't perfect
Who it may not fit
- Brand-new businesses with no revenue history yet
- Owners who aren't comfortable signing a personal guarantee
Pros and cons
Pros
- Approval often weighs revenue and cash flow over credit
- Lines of credit charge interest only on what you draw
- Equipment financing uses the equipment as collateral
- Several structures to match different needs
- Revenue-based options can fund quickly when timing matters
Trade-offs to weigh
- Most options require a personal guarantee
- Revenue-based financing is costlier than other options
- Lenders want to see time in business and consistent deposits
Frequently asked questions
What credit score do I need for business funding?
There isn't one set minimum. Approval is borrower specific and often weighs revenue and cash flow over credit. A business with steady deposits and some time in business may have options even if personal credit isn't perfect.
What's the difference between a line of credit and a term loan?
A line of credit lets you draw as needed and pay interest only on what you use, which suits ongoing or uneven needs. A term loan gives you a set amount up front with a fixed repayment schedule, which suits a one-time project.
How does equipment financing work?
The equipment you're buying serves as the collateral for the loan. Because the lender has that security, equipment financing often focuses on the equipment and your cash flow.
Is revenue-based financing a good idea?
It can be, for the right situation. It's repaid as a share of your sales and can fund fast, but it's costlier than other options. It tends to fit short-term needs with a clear payoff better than long-term investments.
Will I have to sign a personal guarantee?
On most business funding options, yes. A personal guarantee means you're personally responsible if the business can't repay, so it's worth understanding fully before you sign.
What will my rate be?
Your rate depends on your scenario and the day's market. Reach out and I'll price it for real.
Related loan programs
Low down payment options, dozens of down payment assistance programs and a Greenlight Approval that helps your offer compete. It's never a no. It's always a how.
Flexible credit, low down payment, and dozens of assistance programs. I'll show you how FHA fits your plan, then you decide.
No monthly mortgage insurance, no minimum credit score on my end, and VA loans funded in house by Waymaker Mortgage Company with underwriting through multiple investors.
Last updated October 18, 2026 · Reviewed by Scottie Campbell, NMLS #1610726. This page is educational and not a commitment to lend; program details change — ask for current figures.