When business owners are looking to get a business loan, they’re usually looking for a large sum of cash, which can be repaid (with interest & fees) in fixed installments over the course of several months or years. These types of loans are called term loans, which is the most common type of small business loans. Unfortunately, not all business owners can qualify for a business loan from a bank because they may have a low credit score, or they haven’t been in business long enough. Other businesses need to get money quickly and don’t have the time to wait for a bank to make a decision. This is why alternative lenders such as Commonwealth Capital Funding offer online financing to help business owners that do not qualify for or don’t have time for, traditional small business loans from banks.