A business loan gives your company a lump sum of capital that you repay over a set term, and the specific structure, fixed monthly payments, revenue-based repayment, or a revolving credit line, depends on which type of financing you choose.
Platform Funding offers three structures: business loans, lines of credit, and revenue-based financing, from $5,000 to $3,000,000, with funding decisions in 24-48 hours.
The type that fits your business depends less on the label and more on one question: does your capital need happen once, or does it recur? Platform Funding is rated Excellent on Trustpilot, 4.9 out of 5 across 583 reviews, with an A+ Better Business Bureau rating, and has funded over $2 billion to more than 30,000 businesses across all three structures below.
Term Loans: One Lump Sum, Fixed Repayment
Platform Funding's business loans deliver the full approved amount upfront, repaid in fixed installments over a set period, commonly weekly or monthly. This structure works best for a specific, one-time need: buying equipment, covering a large one-time expense, or funding an expansion project with a defined cost. Because the payment is fixed, it's predictable, but it doesn't adjust if your revenue has a slow stretch mid-term. It's the same basic structure behind SBA-guaranteed term loan programs, just underwritten differently.
Lines of Credit: Draw What You Need, When You Need It
A business line of credit works more like a reusable credit limit than a lump sum. You draw only what you need, repay it, and the limit becomes available again, useful for recurring or unpredictable expenses like payroll gaps, inventory restocks, or seasonal cash flow dips. See when a line of credit makes more sense than a lump-sum loan.
Revenue-Based Financing: Repayment That Moves With Your Sales
Revenue-based financing delivers a lump sum like a term loan, but repayment is collected as a percentage of your daily or weekly sales rather than a fixed installment. A slower sales period means a smaller collection amount automatically, no renegotiation required. This is distinct from a merchant cash advance in how Platform Funding structures and services it: as an ongoing business relationship with a dedicated account manager rather than a single transactional advance. Read the full breakdown in how revenue-based financing works.
How Platform Funding Underwrites Any of the Three
Rather than weighing credit score and collateral the way a traditional bank does, Platform Funding's underwriting is built around your business's actual bank statements and revenue trend:
- At least 6 months in business
- Average monthly revenue of $10,000 or more
- 3 recent months of business bank statements (no tax returns required)
That's the basis for a 95% approval rate, meaningfully higher than the roughly 27% approval rate small businesses typically see applying at a traditional bank, where a rejection often comes down to credit score or a lack of hard collateral rather than the health of the business itself.
What This Looks Like for a Real Business
"Platform Funding has always been my go-to lender for my restaurant. As I was starting, I underestimated some hidden costs, and they were very helpful to get me through those tight spots and help me grow."
Nikki, Nikki's Corner Café, Trustpilot, verified customer
That's the kind of real-world need these three structures cover, not always a clean, single-purpose expense, but a genuine gap a growing business runs into.
What Determines Your Funding Amount
Across all three products, the funding amount Platform Funding can offer scales with your business's average monthly revenue and deposit consistency, not a fixed formula based on credit score alone. A business with $10,000-$25,000 in average monthly revenue typically qualifies for a different range than one doing $100,000+ per month, your account manager sizes the offer to what your cash flow can support, not the maximum the product technically allows.
How to Apply
- Apply online at platformfunding.com/apply-now with 3 months of business bank statements.
- Get a funding decision, typically within 24-48 hours.
- Review your terms, sign, and receive funds, often within a day of signing.
Frequently Asked Questions
What's the difference between a business loan and a line of credit?
A business loan delivers one lump sum with a fixed repayment schedule for a specific need. A line of credit is a reusable limit you draw against as needed and repay on an ongoing basis, better suited to recurring or unpredictable expenses than a single project cost.
Do I need collateral?
No real estate or business-asset collateral is required for Platform Funding's business loans, lines of credit, or revenue-based financing. Approval is based on business revenue and bank statement history.
Can I qualify with bad credit?
Credit score isn't the primary factor, consistent business revenue and bank deposits carry more weight in Platform Funding's underwriting. Time-in-business and revenue minimums still apply regardless of credit history.
How long does approval take?
Most funding decisions come back within 24-48 hours of a complete application, with funds transferred shortly after signing.
Which option is right for my business?
If you have one specific, defined cost, new equipment, an expansion project, a term loan or revenue-based financing lump sum usually fits. If your need is ongoing or unpredictable, payroll timing, seasonal restocking, a line of credit is typically the better fit. Your account manager can walk through your specific numbers before you commit to either.
