Non-bank lenders have become a vital resource for businesses and individuals seeking flexible, accessible financing solutions. Unlike traditional banks, non-bank lenders often offer a variety of loan types tailored to specific needs, with faster approval processes and less stringent requirements. This article delves into the different types of loans provided by non-bank lenders, including term loans, lines of credit, asset-based loans, invoice factoring, merchant cash advances, microloans, and equipment financing. Understanding these options can empower borrowers to make informed financial decisions. Term Loans Term loans are one of the most straightforward financing options non-bank lenders offer. These loans provide a lump sum of capital that borrowers repay over a fixed period, typically one to five years, with regular monthly payments. Non-bank term loans are often used for significant expenses, such as business expansion, purchasing inventory, or covering operational costs...