First Data Global Leasing has the dubious distinction of being among our rogue’s gallery of the processing industry’s worst credit card terminal leasing companies. While it offers high-quality products in the Clover line of terminals and POS systems, it’s disheartening that an industry leader such as Fiserv would condone awful business practices by a subsidiary.
Chase Bank has some of the best lending rates in the country. Those elite rates are available mostly to an elite clientele. Still, if you have a stable, profitable business and/or a stellar credit rating, it’s not a bad idea to talk to your local Chase Bank loan officer to see if you could qualify.
Ink Business Cash is a cash back card offered by Chase. Chase Ink Business Cash is one of the few cards available that offer 5% cash back on some purchases.
Ink Business Preferred is Chase’s flagship business credit card. Its rewards program is excellent, whether you’re using it for traveling or for simply earning points for cash back or other rewards.
QuickBooks Premier is ideal for small to medium-sized businesses that have outgrown QuickBooks Pro and need more users, more reports, and industry-specific features. The downsides? More features come at a higher cost and there’s still a learning curve.
Wells Fargo offers unsecured business loans, lines of credit, and SBA loans to its business customers. Wells Fargo’s rates, terms, and fees are significantly better than you’ll find in most of the alternative market. But they have strict borrower qualifications and businesses with revenue problems will probably have a hard time meeting them.
While Square is already doing quite well in the market, its recent addition, Square Register, looks to turn the company into the Amazon.com of point of sale systems. With the ability to easily plug in additional compatible hardware, an improved interface, and one of the best processing systems on the market, Square Register is positioned to make an immediate impact.
Biz2Credit is an alternative lending platform that offers multiple types of financing to small businesses. Biz2Credit is a viable option for many young businesses. It has relaxed borrower requirements but potentially expensive terms and fees.
QuickBooks Capital is a good option for existing QuickBooks Online users looking for an easy application and fast funds. QuickBooks Capital loans are ideal for inventory purchasing and working capital, but may not be ideal for long-term needs, such as business expansion.
For smaller creators looking for a more seller-friendly platform on which to host their campaigns, Podia isn’t a realistic alternative; the monthly cost is simply too high.
