Business Loan Analyst summary
- Easy-to-navigate application
- Free to use
- No hard credit check required
- Limited support
- No disclosure of available rates prior to application
Online application but no learning resources
Customer services and support
Multiple ways of reaching lender but limited hours
Variety of loan types
Offers all loan types
Loan amount range
Loan amount $500K+
Loans available to most credit types, revenue levels, and businesses
Founded by a team of financial services veterans, Business Loan Analyst helps users to find a business loan. Using its matching tool, you can look for a business loan for your sole proprietorship, partnership, C corporation, S corporation, or LLC. Business Loan Analyst does not act as a lender, but instead partners with some of the biggest lenders in the industry.
Although it can help you find offers for loans from $10,000 to $2,000,000, your qualifying loan amount and rate varies depending on the lender, your income, and credit score. It’s free to use Business Loan Analyst and it does not require a hard credit check.
Why Business Loan Analyst Is Good For Your Business
Business Loan Analyst is a good choice for people who need help securing financing for their business. It is easy to use, and can help you receive numerous results after answering a few simple questions. Best of all, it is free to use and does not affect your credit score.
With Business Loan Analyst, you can search for a loan for a sole proprietorship, partnership, C corporation, S corporation, or LLC. As part of the process, users must indicate how they intend to use the funds they receive from a loan. Loans may be used for a number of reasons including for an expansion or remodel, to purchase equipment and inventory, payroll, marketing, commercial real estate, refinancing debt, finance accounts receivable, or to buy a franchise.
Since Business Loan Analyst is a marketplace, it does not provide loans to its users. Instead, it connects users with lenders who are able to make a loan offer based upon a user’s income, loan amount, and credit score. As a result, it does not list any information regarding rates, credit score requirements, repayment terms, or income requirements on its website.
- Minimum credit score: Varies
- Minimum income: Varies
- Repayment terms: Varies
- APR: Varies
To get started with Business Loan Analyst, simply visit its website and click the Get Started button on its home page. You will need to answer several questions related to your corporation type, how you will use the financing, how much financing you need, your industry, annual revenue and income, estimated credit score, and personal and contact information.
Be advised, you will need to provide your social security number as part of the process. However, the process does not require a hard credit check or affect your credit score. The whole process takes about 2 minutes, after which you may be contacted by a 3rd-party lender with a offer.
How Much Can You Borrow?
Business Loan Analyst can connect you to a lending institution or other partner for a loan ranging from $10,000-$2,000,000. However, the maximum amount you can borrow will be limited depending on your income, credit score, and credit history.
- Loan minimum: $10,000
- Loan maximum: $2,000,000
As a marketplace, Business Loan Analyst does not service loans and does not advertise available repayment terms or APR for loans provided by its partner lenders. Repayment terms will vary based upon the lender, loan amount, your income, and credit score.
How Safe Is It?
Business Loan Analyst does not state what type of encryption or security features it has in place to protect user data. That said, it claims to use a number of technical, organizational, and physical safeguards to protect the personal information it gathers. If you have concerns about the privacy of your data, you can direct inquiries to firstname.lastname@example.org.
Trustpilot features several user reviews for Business Loan Analyst on its website. According to the reviews, some users report that they had a hard time contacting customer service, while others claim they did not receive any offers after using the service.
Help & Support
If you need assistance, phone support is available at 888-607-7241. Support hours are not available on the website, and all calls made as part of this review were directed to voicemail. Alternatively, you can send a secure message by accessing the Contact Us section of the website. All inquiries will be answered by a customer service representative within 1-2 business days.
Business Loan Analyst is a marketplace that can help you find a loan for your business. By using its service, you can find financing options for a loan of $10,000-$2,000,000 in as little as 2 minutes. The service is free to use and does not require a hard credit check. Rates and terms vary depending on your loan amount, income, credit score, and any additional requirements dictated by a qualifying lender.
1309 E 3rd Ave, Suite 202, Durango, CO 81301