Many banks also own finance companies.
By offering receivables, inventories or similar holdings as collateral, a business owner can get a short-term loan. Interest rates charged by these firms are generally higher than average, however, so investigate all the options. The rates may run as high as prime plus 10 percent, depending on the loan and the risk. Loans from finance companies are generally easier and more convenient to arrange than others, but you pay for the convenience. Finance companies will offer secured loans as well, with interest rates running at about 12 percent.