---
title: "Compare Business Funding: MCA vs. Line of Credit vs. Term Loan"
canonical: "https://wayfindhq.com/compare"
---

# Compare Business Funding: MCA vs. Line of Credit vs. Term Loan

- **MCA** — fastest (1–3 days), lowest qualification bar (credit ~500+, 3–6 mo in business); cost as a factor rate; repaid via daily/weekly % of sales. Best for one-time fast-capital needs.
- **Line of credit** — lower cost (7–25% APR), revolving, draw only what you need; needs ~600+ credit, 6–12+ mo in business. Best for recurring/seasonal needs.
- **Term loan / SBA** — largest amounts, lowest rates, longest process. Best for expansion or major equipment.
Match the product to the need; don't fund long-term investments with short-term capital.

---
Disclaimer: Wayfind is an independent referral broker (ISO), not a lender, and does not underwrite or make funding decisions. Educational content only; not financial advice. Wayfind may receive compensation from lending partners.