Small Business Loan Types

Common Small Business Loan Uses

Our customers use our small business loan for a variety of purposes. Since our small business loan has 3 -18 month terms, it is ideal for efforts that will generate revenue within the loans' time periods. After all, paying for this year's inventory well into next year is not healthy for your business.

Typical uses include inventory, equipment, temporary cash flow management (if your sales volume fluctuates), working capital supplementation, marketing to generate new business, and unexpected business opportunities that you just can't pass up.

Get Started with Xplocial and see the lending options available to your business.  Our process is free with no obligation!

Business Equipment Loan

Inventory Loan

Business Expansion Loans

Cash Flow Loan

Small Business Loan – Equipment Inventory Loan Business Expansion Loan Temporary Cash Flow Loan

Small Business Loan – Equipment

Business Equipment Loan

Chances are, the business equipment you're looking to acquire is critical to your business' expansion, and will last you many years after your lease expires. You need to consider depreciation of your asset, leasing costs, tax benefits and a number of other variables to fairly compare lease versus buy options. Xplocial’s small business loan options allow you to get the equipment you need.

As a fast rule of thumb, if your equipment has a low obsolescence factor and depreciates over 5 to 10 years, it's usually better to buy the asset. If the equipment is technology-based with constant upgrades in software, leasing may be the better option.1 A small business loan from Xplocial can help you on your way to getting the equipment you need.

Own With Xplocial

Xplocial provides solutions for a small business loan with a mission to help successful small businesses grow. We are not a leasing company or a merchant cash advance company. Our small business loan terms are 18 months or less, and our loans range from $5,000 to $250,000. We provide options for a small business loan to businesses based on business performance, in addition to credit history, and offer:

  • Decisions in as fast as 3 business days, funding in as fast as 5 business days 
  • No change to your credit card processor
  • A simple small business loan application
  • Fixed daily payments
  • Online management of your small business loan

A Small Business Loan from Xplocial May be Right for You if:

  • You're a small, healthy business with a lot of transactions from a broad customer base
  • You have steady cash flow
  • You are conscientious about paying your bills (you may miss occasionally but you always catch up)
  • You need a small business loan quickly
1Southwest Bancorp Inc. website www.banksnb.com as of June 2009

Inventory Loan

Inventory Loan

Managing your cash flow well means buying enough inventory to keep your customers happy, while selling it quickly enough to cover your costs and avoid large storage bills. With this in mind, you should generally be turning over your inventory in a few months.

If you need to borrow to purchase your inventory, try to match revenue with expenses. Your inventory loan should be for months not years; paying for this year’s inventory next year is not a healthy business practice. That's why Xplocial’s 3-month to 18-month loans might be right for you.

Buy with an Xplocial Loan

Xplocial provides loans with a mission to help successful small businesses grow. We step in when small businesses cannot obtain a line of credit from their traditional bank lender. We are not a merchant cash advance company. Our loans range from $5,000 to $250,000. We provide loans to small businesses based on business performance, in addition to credit history, and offer:

  • Decisions in as fast as 3 business days, funding in as fast as 5 business days
  • No change to your credit card processor
  • A simple application
  • Fixed daily payments
  • 3 - 18 month terms

Xplocial May be Right for You if:

  • You're a small, healthy business with a lot of transactions from a broad customer base
  • You have steady cash flow
  • You are conscientious about paying your bills (you may miss occasionally but you always catch up)
  • You need a loan quickly

Business Expansion Loan

Business Expansion Loans

If you are fortunate to be a growing small business – congratulations! You know, however, that expansion can be a double-edged sword. It means more patrons and sales, but also taxes your kitchen staff, or requires more inventory to fill the shelves. It means more than just adding space, and requires solid thought before a business incurs the added expense.

If you’re clear on your plans, are confident the expansion will grow your revenue, and need a loan to make it happen, then Xplocial might be right for you. We offer loans from $5,000 to $250,000. This covers small renovations to existing space up to larger projects such as construction for an addition. Our loans are short term so you can pay off the debt quickly and start realizing the profit from your expansion.

Expand with an Xplocial Loan

Xplocial provides loans with a mission to help successful small businesses grow. We step in when small businesses cannot obtain a loan or line of credit from their traditional bank lender. We are not a merchant cash advance company. We provide loans to small businesses based on business performance, in addition to credit history, and offer:

  • A decision in as fast as 3 business days
  • Funding in as fast as 5 business days
  • A simple application
  • 3- to 18-month terms
  • No change to your credit card processor

Xplocial May be Right for You if:

  • You're a small, healthy business with a lot of transactions from a broad customer base
  • You have steady cash flow
  • You are conscientious about paying your bills (you may miss occasionally but you always catch up)
  • You need a loan quickly
  • You have plans for expansion and a projected return on your investment

Temporary Cash Flow Loan

Cash Flow Loan

If you are a seasonal business, sometimes you need to purchase inventory and hire staff before the real revenue flows in from the season ahead. Or your expenses might be temporarily higher because you purchased more inventory to take advantage of a volume discount. It is always important to leave a cushion of cash in your bank account to avoid returned checks or overdrafts. This is when a cash flow loan makes sense. It provides the working capital you need to keep your business running smoothly.

To ensure you’re making the right decisions about borrowing, you should look at your revenue and expenses over the last six months. If your revenue has been consistently decreasing, while expenses have been flat or increasing, then a temporary cash flow loan may not be what you need. Cash flow loans are for generally healthy businesses that need temporary cash and have the means to repay the loan quickly. If you decide on a cash flow loan, then Xplocial might be right for you.

Boost Your Cash Flow with an Xplocial Loan

Xplocial provides loans with a mission to help successful small businesses grow. We step in when small businesses cannot obtain a loan or line of credit from their traditional bank lender. We are not a merchant cash advance company. We provide loans to small businesses based on business performance, in addition to credit history, and offer:

  • A decision in as fast as 3 business days
  • Funding in as fast as 5 business days
  • A simple application
  • 3- to 18-month terms
  • Daily payments to pay down the loan quickly
  • No change to your credit card processor

Xplocial May be Right for You if:

  • You're a small, healthy business with a lot of transactions from a broad customer base
  • You have steady cash flow
  • You are conscientious about paying your bills (you may miss occasionally but you always catch up)
  • You need a loan quickly
  • You have plans for expansion and a projected return on your investment