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Business Loans for IT and SaaS

Funding Options for IT and SaaS Firms

We provide a straightforward online application process with immediate approval. There are no collateral requirements necessary to qualify for our competitive interest rates.
  • Loan is approved and funded within 1-2 days
  • Get working capital up to $5M
  • APRs as low as 6%
  • Flexible repayment options
  • 6-month to 2-year term length
See Loan Options

Won’t impact your credit

Small business line of credit
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Tech companies appreciate us because we understand their needs and help them find the best interest rates.
Streamlined funding process
Got a business to run? Our online app is super quick—just a few minutes to qualify and get approved!
Dedicated funding advisors
Your Configure Capital advisor takes care of all the paperwork for you. Your business can have cash in the bank the same day!

Best IT Services Loan Options

Here are top financing options for tech services businesses. These loans help small business owners realize their plans. When you apply through Configure Capital, a financial adviser will assist you with the online application. We collaborate with private lenders who offer competitive loan terms tailored to your business needs.

SBA 7(a) Loans

An SBA 7(a) loan offers competitive interest rates and terms, secured partly by the U.S. Small Business Administration. The actual loan comes from an SBA-approved lender, with up to 85% guaranteed by the SBA. These loans can fund various needs, but the application process is lengthy and may include prepayment penalties, making them suitable for specific business cases. Configure Capital can help assess if this loan program is right for you.

Term Loans

A term loan functions like traditional bank financing, allowing you to borrow a specific amount at a set APR and repayment terms. Loan durations can be short-term based on your needs. Configure Capital guides you through the application process to secure optimal business funding.

Equipment Loans

Equipment is essential for a successful technical services business. Aging technology can limit services, while new equipment is vital for competitiveness. Equipment financing can help with purchasing new tech or repairing existing equipment.

Invoice Factoring

If your tech services business has late or unpaid invoices, invoice factoring allows you to sell accounts receivable and receive up to 100% of the invoice value immediately. It offers quick cash with minimal credit requirements, making it accessible for most businesses.

Business Line of Credit

A business line of credit allows you to withdraw funds up to an approved limit, with interest charged only on the amount used. It typically offers better interest rates and repayment terms than business credit cards or cash advances.
Apply for Line of Credit
Meet your Configure Capital advisors
Clarify Capital medical practice financing advisors

We make sure you’re getting the best fast business loan, and set your company up for success. See how it works →

Minimum Requirements

Here are the basic requirements tech companies need to to qualify for business loan with Configure Capital Capital.

$10,000 in monthly revenue

Your company must be earning at least $10K per month. As long as the average figure of the last few months is above this minimum, you’re okay. We don’t fund startups without any revenue.

550+ credit score

You can get approved with any credit score. But the bettter your credit rating, the better offers we can secure for you from lenders.

Over 6 months in business

Your company should be operational for six months or more. This gives confidence to lenders that your business model is sustainable and you won’t default on loan payments.

Have a business bank account

You need to have a registered company (LLC or Corp) to qualify. Your Configure Capital advisor will need to see 3 months of your most recent bank statements to verify revenue.

Start Application

Small Businesses ❤️ Configure Capital

Best lender for SaaS startups

Our SaaS product was hitting a growth spurt and needed capital to keep up with marketing. Configure Capital was a breeze to work with. Quick, easy, and they genuinely cared about our success. If you’re in the tech field and need a loan, these guys are top-notch.

Marry M.

Bryan at Configure Capital is the best

Configure Capital quickly helped our IT firm with a straightforward process and fast funding. Our rep, Bryan, was friendly and informative. Highly recommended!

Jack P.

Highly recommend them!

My business waits 60-90 days to get paid by clients. With Michael from Configure Capital’s help, we used our incoming payments to get quick funds for our daily needs. Configure Capital’s invoice financing was exactly what we needed.

Shivan J

Read More Reviews →

FAQs about Technology Business Loans

Getting access to quick capital is crucial to grow and sustain an IT services firm or SaaS business. Here are the answers to common questions about funding from tech entrepreneurs like yourself.

 

What makes IT services and SaaS companies eligible for these specific business loans?

We understand the unique financial dynamics of IT and SaaS industries. Companies with a steady flow of subscriptions, recurring software contracts, or IT service agreements easily qualify for our small business loans.

I'm in the pre-revenue stage of my SaaS startup. Can I still apply for a loan?

No, we don’t fund startups without any revenue. You need to have at least $10,000 per month in gross revenue to qualify for an unsecured business loan.

 

How quickly can I get the funds once approved?

Once your application is approved, funds are typically transferred to your account the same day. The entire process takes 1-2 business days.

Are there any penalties for early repayment of the loan?

No, our business loans come with the advantage of no prepayment penalties. If you’re able to pay off the loan earlier than expected, you’re free to do so without any extra fees.

 
Funding options for tech companies
Types of businesses we fund
  • Cloud service providers
  • Cybersecurity firms
  • Data analytics and big data companies
  • Software development studios
  • E-commerce platform developers
  • Digital marketing & seo agencies
  • ERP software companies
  • Fintech firms
  • AI and machine learning startups
  • Managed it service providers

You deserve low rates and an honest lender who understands tech.

From our humble beginnings in 2018, we remain committed to helping American businesses achieve success. We keep our funding process simple, convenient and transparent. Read our manifesto →

Ready for a small business loan?

Get instant approval when you apply online. APRs starting at just 6%. Flexible repayment options are available for credit scores over 550.

See Your Options
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Configure Capital
24 Greenway Plaza
Suite 1800L
Houston, TX 77046
(469) 445-4419
info@configurecap.com
www.configurecap.com
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Configure Capital provides businesses with access to capital through business loans and lines of credit issued by First Electronic Bank or Lead Bank. For California businesses, loans and lines of credit are offered in compliance with the California Financing Law. All financing is subject to the credit approval of a completed application. Loan eligibility is determined by Configure Capital and its banking partners based on their credit and risk policies, applicable laws, and other business factors. Financing availability may vary by state and may be subject to local restrictions. © 2024 All rights reserved.