If you’re seeking to expand your business or have been hit by an unforeseen expense, Rapid Finance offers multiple financing options for borrowers across industries. The company operates a simple, transparent application process and your funds could be available as soon as the same day.
Fundera was founded in New York in 2014 as an alternative to traditional bank loans. Conventional financing is often expensive and out of reach for small or newly established businesses.
BlueVine provides fast financing solutions for small businesses in need of working capital. With flexible loan amounts up to $250,000 and simple invoice factoring options, the company is a viable alternative to traditional lenders. Fewer fees, short terms, and automatic payment options make BlueVine an accessible choice for many small businesses.
Since 1999, National Funding has supported business owners by lending them over $2 Billion to boost their growth. Over the years, National Funding has become one of the nation’s most reputable business lenders by catering to the specific needs of each business, providing funds quickly, and offering early payoff discounts. When borrowing from National Funding, businesses are creating a lasting partnership with professionals in the industry.
OnDeck offers small business loans and lines of credit. This lender stands out by getting money in your account in as little as the same business day. OnDeck has a low minimum credit score requirement, but it’s important to note that with OnDeck, you’ll need to back your loan with a business lien and personal guarantee.
Fundbox offers a revolving line of credit up to $150K for new businesses. You only need $50K in annual revenue and 3 months of invoicing history to qualify for a loan. The application process is entirely online and only takes a few minutes, and you can get money as soon as the next business day.
Funding Circle is a small-business lender founded in 2010. Since its inception, the company has lent over $15 billion to more than 100,000 small businesses. Funding Circle offers SBA loans, business term loans, merchant cash advances, business lines of credit, invoice factoring, and working capital loans. The lender offers online applications and can make a funding decision in just 24 hours. Funding Circle has a 4.5-star rating with Trustpilot.
First Down Funding is a small business lender that offers loans and working capital ranging from $4,000 to $300,000. You can apply online in just a few minutes and get money in your bank account within 2 business days. The company works with new businesses with just a few months of history and owners with poor credit. First Down Funding charges a flat fee for your loan rather than an interest rate and doesn’t charge prepayment penalties.
Credibly is a dedicated business lender and marketplace catering mainly to small and medium businesses. Over the years, it has provided more than $1 billion in funding to American businesses. Credibly exists primarily to provide working capital loans, business expansion loans, and merchant cash advances. In addition, it offers a range of alternative funding options such as lines of credit, equipment financing, invoice factoring, and SBA loans.
Torro offers five types of business funding for new and existing companies, including startup funds, working capital loans, and merchant cash advances. The application process is simple, approval is fast, and funding is usually received within 48 hours. After gathering your basic personal and business information, Toro’s automated matching process connects you to a selection of suitable lenders.
SuperMoney connects you to personalized business loans from the top lenders. Whether you have an LLC, small business, or large business, you can receive funding for a variety of business needs. SuperMoney started off as a financial services comparison website in 2013 and has become a leader in the field.
Fora Financial helps businesses find access to capital through small business loans and merchant cash advances. With excellent service for small businesses of most standings, it's a great option if you're looking for quick funding.
LoanMe provides working capital, fixed payback, and Prime loans to small businesses with less-than-perfect credit, and offers predictable fixed payments. Quick approval and cash transfer can keep your business going in an emergency, but high interest rates may offset the benefits of fast funds.
Kickpay offers business financing based on the sales that e-commerce businesses expect to have over the next 16 weeks. Instead of using complex financial statements and projections to determine how much money to lend, Kickpay lends money based on the amount of inventory the business ships over the next 16 weeks. Businesses do not pay interest expense on the amount borrowed; instead, they pay a flat fee of 3-7%.
Seek Business Capital is a lending marketplace for small businesses, offering loans of as little as $10,000 all the way up to $150,000. With an easy application process and funds for a variety of needs, it’s a good option for any small business in search of funding.
SmartBiz helps your small business navigate the SBA process by checking whether you prequalify and by matching you with a lender. Because SmartBiz only works with companies that have solid finances and good credit histories, its lending partners tend to offer low interest rates. Plus, the company can speed up the SBA loan process so your business can get the money it needs within a few weeks.
Biz2Credit is a small business loan marketplace that connects you with term loans, startup funding, and commercial real estate loans. The company offers a simple and fast application process and its partners typically approve loans within 24 hours.
Reliant Funding is a smart choice for small businesses looking for a short-term loan, merchant cash advances or equipment financing solutions. The quick and simple application process helps businesses needing to balance cash flows or exploit a growth catalyst receive approval in just a few hours.
LendingClub is one of the most flexible lenders on the market. The company offers an online application process that can be finished in minutes, funding issued within a few days, and manageable, pre-agreed monthly payment schedules.
By providing access to highly customizable short-term business loans, LoanBuilder, A PayPal Service, offers borrowers the freedom to design loans according to their needs and specific circumstances. It may be an excellent choice for businesses needing access to short-term cash injections and the flexibility to choose unique repayment solutions with weekly payments.
Credibility Capital is a great choice for many small or medium sized businessed. The loan terms are designed for shorter term loans, with autopay. Credibility has an outstanding customer service system in place, with a call line guaranteeing response within 1 day. The top feature is excellent rates, competitive for the industry.
Kabbage provides credit lines to businesses that need help covering expenses. Once approved, borrowers have instant access to funds and can draw on the approved amount at will. Kabbage lays out clear terms, and there are no hidden fees. Loans are structured as credit lines, and the Kabbage Card ensures easy and instant access to funds.
Plastiq enables you to pay any bill using your business credit card. Have a vendor that only accepts bank transfers? You can pay with your credit card and Plastiq will send out a check on your behalf. The benefit is that you don’t need to have cash on hand to fund transactions, making cash flow easier. Plastiq charges a 2.85% fee per credit card transaction and 1% per debit card transaction.
QuickBridge is a marketplace alternative lender who offers a variety of business loans to small businesses. They offer a streamlined online application process and boast both fast approvals and quick funding once your loan is approved. They offer a variety of loan types and serve small businesses across a number of industries.