CyoGate is competitive with bank rates and terms for borrowers with similar loan qualifications. However, many businesses will not have the collateral, credit score, financial history, or want to put up the personal guarantee required to qualify for a bank term loan
. And, the reason for the low rates is that the lender's risk is minimized by the collateral and personal guarantee. So, CyoGate offers many other alternatives, like Revenue Based Loans
and Merchant Cash Advance
where no collateral or personal guarantee is required which makes qualification much easier and less risk for the borrower, but the risk is higher for the lender resulting in a higher cost to use the funds.