LOC vs MCA vs Equipment financing
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FairlyFunded is referral-only. We are not a lender or underwriter; independent, licensed providers make all decisions. No borrower fees; no guarantees.
Quick comparison
- LOC: Lowest cost, slower setup, bank underwriting, revolving.
- MCA: Fast (24–72h), higher cost, daily/weekly debit or split.
- Equipment: Asset-backed, mid cost, good for purchases.
What lenders check
- Deposits volume and stability; NSFs; time in business.
- Equipment quotes and serials (for equipment loans).
- Card processing history (for split payments).
Rule of thumb
- If you can wait and qualify → LOC.
- If you invoice customers → AR first.
- Buying equipment → equipment financing.
- Need speed or bridging → MCA.