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Business Loan Analyst Review

Reviews 3,074
Business Loan Analyst
Visit Site
Business Loan Analyst
Business Loan Analyst
Excellent
Reviews 3,074
Patrick Sather
Dec. 02, 2021
3 min read
Patrick Sather
Business Loan Analyst Summary
Business Loan Analyst is an online marketplace that makes it easy for business owners to search for a loan. With the service, users can be matched with offers from some of the biggest lenders in the country. It can help you find loans of $10,000-$2,000,000 and does not charge any user fees. In addition, it only takes a few minutes and does not require a hard credit check.

Pros

  • Easy-to-navigate application
  • Free to use
  • No hard credit check required

Cons

  • Limited support
  • No disclosure of available rates prior to application

Business Loan Analyst at a glance

8
Editorial score

Online experience

Online application but no learning resources
6.0

Customer services and support

Multiple ways of reaching lender but limited hours
6.0

Variety of loan types

Offers all loan types
8.0

Loan amount range

Loan amount $500K+
10.0

Eligibility

Loans available to most credit types, revenue levels, and businesses
10.0

Business Loan Analyst Business Loan Analyst Visit Site

Overview

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. 

Loan Features

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

Application Process

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

Repayment Terms

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 privacy@onthebarrelhead.com.

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. 

Summary

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. 

Physical Address

1309 E 3rd Ave, Suite 202, Durango, CO 81301


Business Loan Analyst Business Loan Analyst Visit Site

Patrick Sather
Written by
Patrick Sather
Patrick Sather is an award-winning personal finance writer and licensed broker who has worked for some of the largest financial firms in the United States, including TD Ameritrade and Pacific Life. A graduate of the University of Nebraska in both Economics and International Trade and English, his articles on life's most common financial decisions and quandaries are straightforward, practical, and always easy to understand.
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See what some customers are saying about Business Loan Analyst
Great • Reviews 3,074
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Excellent
66%
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9%
Average
7%
Poor
4%
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14%
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