Both traditional banking and online lending offer a variety of business loans. You can find everything from term loans to lines of credit to equipment financing to invoice factoring. Generally speaking, the online lending industry is more likely to offer short-term loans, invoice financing, and merchant cash advances (for things like cash flow, purchasing inventory, and other short-term business needs)—in addition to lines of credit and term loans. On the other hand, traditional financial institutions stick more to long-term loans, lines of credit, and equipment financing.