Taycor Financial Business Loans Review

Written by  Jill A. Chafin

Edited by  Dawn Daniels

+ 1 More

Updated Sep 18, 2025

APR range: Varies by product Loan amounts: to Our Verdict: ’s lenient eligibility requirements, high loan amounts and quick turnarounds make it ideal for early-stage startups, low-credit companies or those wanting 100% equipment financing, but some businesses may be able to secure lower rates and fees from other lenders. See Business Loan Offers

Pros and cons of

small business loans review

is a small business lender offering a wide range of financing solutions, including business term loans, lines of credits, accounts receivable factoring, SBA loans and more. With nearly 30 years’ experience, Taycor has a solid track record of providing financing with competitive rates to early-stage startups and those with limited credit profiles, as well as established companies wanting to take their businesses to the next level.

One of products are listed with factor rates, not  interest rates or APRs. Because of this, it can be hard to compare its products against other lenders.

small business financing at a glance

Term loans

offers business term loans from may apply.

Instead of charging a regular interest rate, uses a factor rate — which can often cost more overall. You can convert factor rates in advance to get a better sense of how much you’ll end up paying. For example, if you borrow $5,000 with a factor rate of 1.25, your total loan would cost $6,250. With a 12-month term, your converted interest rate would be 25%. In comparison, some lenders offer interest rates as low as 3.33%.

Line of credit

If your business needs quick access to flexible funds, you could borrow between , which is lower than the term loan’s minimum rate of . Keep in mind that the lowest rates typically require excellent credit scores and potentially short repayment periods.

An origination fee of up to may apply. If approved, you could receive funds within four to 24 hours.

Accounts receivable factoring

Businesses with a significant amount of outstanding invoices can leverage them as collateral for accounts receivable factoring. The plus side of this type of financing is that you’re borrowing against money you’ve technically already earned. The downside is that if your client never pays your invoice, you’ll be out the bill plus financing costs. 

.

Cash advance

Merchant cash advances (MCAs) are an alternative form of business financing used to give you a lump sum in exchange for a portion of your company’s daily or weekly credit card sales. The advance can be used like a working capital loan to cover operating expenses in slower periods. 

Taycor Financial offers MCAs between $5,000 to $3,000,000 with factor rates ranging from to . An origination fee of up to 0.00% - 5.00% may apply. Payments are due on a daily or weekly basis, which could be a strain for companies with a tight budget. However, an MCA could be a good option for newer businesses needing emergency funds since the eligibility requirements are less strict, with a turnaround time of around four to 24 hours.

Equipment financing

, with funds delivered within 24 of approval. A documentation fee will apply, although the amount isn’t disclosed. 

One advantage of months.

Equipment leasing

If you’re not ready to commit to purchasing equipment, you could consider an equipment lease instead. Amounts range from . You will also need to pay a documentation fee on equipment leases. 

Depending on your lease contract, at the end of the term, you have three options to consider:

Equipment refinancing

months, with a wide range of repayment options like with equipment financing.

Equipment sale leaseback

A sale leaseback agreement is when you sell your equipment to a lender and then have them lease it back to you. Leasebacks are commonly used for cash infusions in circumstances where you still need to use the equipment to conduct business. 

, plus a documentation fee. 

Payments are typically due monthly, though you can set them up to pay seasonally, quarterly or semi-annually. There is also a 90-day deferment option available. Loans are funded within 24 hours of approval.

SBA loans

Backed by the Small Business Administration (SBA), SBA loans take longer to secure than the rest of lending products. The popular SBA 7(a) loan, which has slightly better rates and a higher borrowing maximum, can take anywhere from four to six months to fund. While an SBA Express loan is a little more expensive and only goes up , you can secure funding in just one to two months. 

One advantage to getting an SBA loan is that loan rates and terms are overseen by the federal government. This means you can rest assured that your interest rate will never go above a predetermined maximum.

borrower requirements

’s business loan requirements vary from product to product. For example, you can qualify for a cash advance regardless of your credit score, making it a great option for bad credit financing. However, you need a personal credit score of at least 670 to secure an SBA loan — which is generally required across SBA lenders, though some may accept lower scores. 

Revenue requirements range from $48,000 to $96,000, with no minimum requirement for equipment financing and leasing. While many startup financing options require at least six months in business, offers its equipment products to brand-new companies. Meanwhile, you need between three months and three years of business history to qualify for most of its other small business solutions. 

Note that requires a personal guarantee for many of its products, which means you will be held personally liable if you fail to repay the debt.

Required documents

When applying for a business loan with , you may need to provide the following documentation:

Alternatives to

vs.

If you like the wide range of small business products offered by but prefer working with a brick-and-mortar bank, could be a better fit. With almost 6,000 locations throughout the U.S., you can get in-person support while streamlining your business’s financial needs. Along with business loans and lines of credit, offers business checking accounts, credit cards, savings and CDs, investing, small business resources and a Preferred Rewards program for business members.

When comparing business loan interest rates, ’s factor rates for its lines of credit and term loans could go significantly higher than ’s starting interest rates. For example, if you convert Taycor Financial’s lowest advertised factor rate for a one-year term loan, the interest rate would be 10%. In comparison, . Keep in mind that your final rate will vary based on your business credentials and credit score.

For cash advances or accounts receivable factoring, you’d have to go with . And if you need a commercial real estate loan or SBA 504 loan, has you covered, while does not offer these products yet.

As often seen with traditional bank loans, for its unsecured products. Meanwhile, alternative lenders like are willing to work with credit scores as low as .

vs.

While offers a similar suite of products to , it doesn’t provide cash advances or accounts receivable factoring. That said, if you need a commercial real estate loan or an SBA 504 loan, can help. You can also access a range of small business solutions with , including business checking accounts, credit cards, capital management, credit card processing and more.

If you need quick access to cash, Taycor is the better bet since you can get same-day financing for its non-SBA loans and lines of credit, while is able to offer faster-than-average turnaround times for SBA loans. 

For businesses with high funding needs, for most of its categories, while only accounts receivable factoring and SBA 7(a) loans go that high with .

Since doesn’t share credit requirements in advance, it’s hard to pick a winner for this category. However, traditional banks tend to have high credit score requirements and low interest rates — although you won’t know for sure until you submit an official application. Additionally, your business needs to operate for at least two years to qualify for financing, while offers several products for early-stage startups.Enter your left content/blocks here