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Business funding, made clear.

Apply once. See the full cost side by side. Decide when you are ready.

One request is received, OpenQuote organizes the follow-up, and three illustrative offers appear side by side. Closing line: You get the offers, not the sales pressure.
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Choose a funding type, then adjust the numbers. Nothing is saved.

Adjust the amount, term, and APR to see the payment and total cost.

Lender channel
File strength

Shows where similar files tend to price. What typically makes a file strong: time in business, revenue stability, credit history, and any financing you already carry. Stronger files price lower in the range. Industry pattern, not a quote.

Funding amount$480,000
All-in APR9.5%
Estimated monthly payment$10,081 / mo
Estimated total repaid$604,854
Cost of financing$124,854
How this is estimatedApproximate

Estimate only. A partner's written offer controls.

How this estimate works

Actual amounts and terms are set by independent funding partners and depend on your credit, revenue, time in business, and lender channel. Your offer will differ. The ranges shown are industry market data from published sources as of Jul 2026, not OpenQuote pricing. Partner fees, if any, are itemized on the offer itself: ask for all of them in writing.

Channel is selected first because bank, marketplace, and short-term online loans are separate markets, so their ranges are never blended. Most bank loans land in the 36 to 84 month window. Level monthly payment. Bank term loans commonly repay monthly by ACH. The tool treats the all-in APR as the full cost of financing and amortizes it over the term. Figures are approximate; the payment schedule on any signed offer governs.

Across the market, bank loans average around $478,000. This is context, not a suggested amount or OpenQuote pricing. The market range for a bank loan at 60 months runs 6.8% to 15.7% APR, centered near 9.5% (public market data, Jul 2026). Not OpenQuote pricing. Files like this typically land between 8.2% and 12.6% APR at this term in this channel (industry pattern, not a quote). The 9.5% APR sits right at the market center for a bank loan at this term.

  1. OnDeck (Enova) transparency disclosure: average term-loan APR 56.4% on loans originated in the half-year ending June 30, 2025.
  2. Enova International Form 10-K (SEC EDGAR): average annualized yield on these small-business products 46% (FY2024) and 48% (FY2025), terms 3 to 24 months.
  3. KBRA-rated OnDeck ODAST 2023-1 collateral pool: weighted-average yield 44.4% on a 723 weighted-average FICO pool, 15-month weighted-average original term.
  4. Federal Reserve Bank of Kansas City Small Business Lending Survey: median new small-business term-loan pricing in the high-6 to low-7 percent range, Q4 2025.
  5. SBA 7(a) program (13 CFR 120.214): maximum spreads over prime that cap the bank channel near 9.75% to 14.75%; FY2025 average loan size $477,642.
  6. iBusiness Funding (formerly Funding Circle) live book: 22.45% to 50.24% APR, supporting the lower edge of the marketplace center.

Educational market data with full citations on file in substantiation/term-loan-pricing-2026-07.md. Not OpenQuote partner pricing, and not a quote.

Shorter terms raise the annualized cost of the same dollars. See the full explainer

Every response, in one clear view.

Amount, total repayment, payment timing, and early-payoff notes stay together, so the differences are easier to see.

See the comparison checklist
Three funding responses compared by amount, total repayment, and timing.
ResponseAmountTotal repaymentTiming
Offer A$50,000$64,000 totalWeekly
Offer B$50,000$61,848 totalMonthly
Offer CUp to $50,000Varies by drawMonthly
Questions stay in one place.You choose whether and when to proceed.

Questions, answered plainly.

Is OpenQuote a lender?

No. OpenQuote is a commercial finance broker. We organize your file, route it to third-party funding partners, and help you compare what comes back. The partners set terms and make every approval decision.

What does it cost to apply?

Nothing. OpenQuote charges merchants no fee to apply, to compare offers, or to walk away. OpenQuote is paid by funding partners when a match funds; the compensation disclosure explains exactly how.

Does OpenQuote check my credit?

OpenQuote does not run credit checks. A funding partner may use a soft pull or a later credit inquiry as part of its own review. Ask which kind, when, and whether it affects your credit before you authorize that partner to proceed.

What is a factor multiplier?

One number that sets your total repayment on an advance. 1.15 on $50,000 means $57,500 back in total, a $7,500 cost of capital. That 1.15 sits toward the low, well-qualified end. Across the market these advances commonly run about 1.1x to 1.5x. Most sold deals land around 1.30x to 1.40x, and audited portfolio averages run about 1.33x. Those are industry figures, not an OpenQuote quote. The cash advance cost estimator above shows the math and how a shorter term raises the same multiplier's annualized cost.

What happens to my information?

We review your file and use it to line up funding partners. Partners first see a business summary without your email or phone number, so questions come back through us. Your full file and contact details go to a specific partner only after you tell us in writing to send them. We store your submission securely and never sell it. If documents are needed, we tell you what is needed and why before you upload anything.

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Applying does not obligate you to accept an offer.

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