Business Loans: Compare Lenders

LendingBuilder has partnered with America’s best lenders, to offer you business loans that best fits your needs. Below is a summary of each lender we partnered with and what their offering is. You can directly compare them, and see if you qualify for their funding options.

Not sure how to find the right loan? Read about how to go about finding a business loan.

Loanbuilder by PayPal

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$42,000/yr 9 months 550+ See if you qualify

PayPal’s LoanBuilder offers fast, customizable, and transparent business term loans. As with PayPal’s other financial services, you can expect transparency and security at a fairly high rate. LoanBuilder offers loans of anywhere from $5,000 to $500,000, depending on your qualifications. Terms are always short, lasting between 13 and 52 weeks.

The best feature of LoanBuilder is its configurator. This tool allows you to use sliders to build your loan. You can use the LoanBuilder Configurator to see available offers before applying for loans. If you want to take a loan out, then will you be asked to submit personal information and consent for a hard credit pull.

Credibly (formerly Retail Capital)

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$15,000/mo 6 mo. 500+ See if you qualify

Credibly offers a few unique business loans for specific situations. They also offer large and fast merchant advances. Their three loan offers are:

  • Business expansion loans
  • Merchant cash advances
  • Working capital loans

All of these short-term financing options come with fast service and relaxed qualifications. In fact, if you don’t qualify with other lenders due to bad credit or a short business history, Credibly is a good alternative. When it comes to their time in business requirements, Credibly is quite lax.

Credibly financing comes with potentially high rates and small origination fees. They will lend you money if you have bad credit, but you can expect to pay higher rates. Their loans are meant as short-term financing options. So, they are great for fast funding for current expenses but are unsuitable as a long-term option.

The qualifications for Credibly funding are:

  • 6 months in business
  • A credit score of at least 500 (600 for business expansion loans)
  • $15,000 in monthly revenue

OnDeck Business Loans

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$100,000/yr 1 year 600+ See if you qualify

OnDeck is a good lender for business borrowers with mid-range credit scores. Relative to other online lenders, OnDeck offers low fees and transparent service. They can get you some of the best rates for fast
online business loans. But be aware that they still charge high rates to borrowers with bad credit. APRs range from 9% to well over 50%.

As far as their transparency goes, OnDeck doesn’t hide their rates at all. The company offers only two loan products:

  • Business term loans
  • Business lines of credit

The weighted average APRs are 25.6% for term loans and 32.8% for lines of credit. The qualifications for their business loans are:

  • A credit score of at least 600
  • At least one year in business
  • Annual revenue of at least $100,000
  • A personal guarantee
  • No bankruptcies in the last 2 years

Kabbage

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$50,000/yr 1 year 560+ See if you qualify

With Kabbage, you can get one of two simple business loan products:

  • A Kabbage short-term business loan
  • A Kabbage line of credit

Their loans come with a level of customization. For example, a Kabbage line of credit can have a draw period of 6, 12, or 18 months. Their application is fast and convenient and the company transfers funds the next business day at the latest.

The APRs on both Kabbage business loans start at 23.99%. These rates are due to the complex pricing policies the company uses. While complex, their rates are transparent and displayed clearly on their website. You can also repay early to reduce your expenses. It is for these reasons that Kabbage is one of the most well-received lenders on trustworthy mediums like the Better Business Bureau. The company is accredited by the Better Business Bureau with overwhelmingly positive reviews from customers.

The qualifications for Kabbage business financing are:

  • Annual revenue of at least $50,000
  • At least one year in business

The company doesn’t have a minimum credit score requirement. You can still expect to be rejected for a loan if yours is below 560.

Fundbox

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$25,000/yr 3 months 500+ See if you qualify

Fundbox is another very fast business loan provider. This is a good fit for invoice dependent business owners. If you bill your customers on net terms – say 30, 60, or 90 – Fundbox is probably a good fit. According to their own figures, the median time it takes them to come to a decision is just 3 minutes. They offer term loans and lines of credit.

Unlike many other online lenders, Fundbox will not even ask you for a personal guarantee if the loan is under $50,000. The best part is that Fundbox is particularly fair and transparent. They don’t charge sneaky fees and there are no early repayment penalties. APRs on their lines of credit range from 10% to 69%, depending on your credit score and business financials. Repayment terms are moderate.

The requirements for a Fundbox loan are:

  • Annual revenue of at least $50,000
  • A credit score of at least 500

Compare Merchant Advance Loans

Sky Bridge Funding

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$15,000/mo 6 months n/a See if you qualify

SkyBridge Funding is an extra-fast online business financing provider. In fact, the company has a commitment to 24-hour financing times. They don’t carry collateral requirements and they offer merchant cash advances (MCAs).

MCAs from SkyBridge business funding can range from $5,000 to $500,000. Their rates are not transparently displayed, but their requirements are lax. Because MCAs can wear down your cash flow over time, we suggest paying close attention to the factor rates they offer you.

The requirements for a SkyBridge Funding MCA are:

  • At least $15,000 in monthly revenue
  • At least 6 months in business

Main Street Finance Group

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$10,000/mo 1 year n/a See if you qualify

Main Street Finance Group offers many different business financing options. They offer everything from SBA 7A loans for the most qualified borrowers to MCAs for struggling businesses, and equipment financing. They also offer term loans and consolidation loans.

You can always expect fast service and a simple application process with Main Street Finance Group. Their loans range from $5,000 to $1,000,000. APRs can range from 5.99% to well over 50%, depending on the loan type and your qualifications.

The minimum requirements for Main Street Finance Group funding are:

  • At least 1 year in business
  • $10,000 in monthly revenue

National Funding

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$100,000/yr 1 year 500+ See if you qualify

National Funding offers two simple business financing options:

  • Business term loans
  • MCAs

Funding from National Funding is fast and their business loans have a limit of $500,000. Also, they offer a simple and fast application process. They are also very lenient and will even give loan renewals to borrowers with credit scores as low as 475.

The requirements for National Funding’s business financing are:

  • A credit score of at least 500
  • Annual revenue of at least $100,000
  • For an MCA, at least $3,000 in monthly credit card sales

Merchant Cash Advance Loans with a Twist

Clearbanc – eCommerce & SaaS Funding

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$10,000/mo 6 months 550+ See if you qualify

Clearbanc is a modern business cash advance provider that
works in only the most modern industries. They will work with you to get you a fair rate given your business’s finances. So, you can negotiate with their employees for some of the lowest MCA rates you will be able to find. The only catch is they only give advances to:

  • Direct-to-consumer companies
  • Subscription box companies
  • Online retailers/ eCommerce
  • Mobile apps and games (with in-app purchases)
  • B2B SAAS companies

If your business is in one of the above industries, you can get an MCA with a rate of just 1% to 20%. Clearbanc is also a fast lender that can get you a loan of up to $10,000,000 in just a few days. The company is transparent and doesn’t add any other sneaky fees into their offers. Apart from having a business in one of the mentioned industries, there are no specific requirements for a Clearbanc MCA.

Marketplaces for Business Loans

Understandably, it can be hard for you to make a decision on your own. There are so many individual business lenders, and they often
carry unique terms. This is why it sometimes makes sense to resort to a lending marketplace. These services can match you with their partner lenders, making your search much easier.

Become – Algorithm Matching Engine

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$10,000/mo 3 months n/a See if you qualify

Become is a very diverse business lending marketplace. You can find SBA loans on their platform, but you can also find fast bad-credit business term loans as well. Their partners vary so much that the service doesn’t have a minimum credit score requirement but you can still find single-digit APRs easily if you qualify.

To qualify for a loan on Become, you just need:

  • At least 3 months in business
  • At least $2,000 in monthly revenue

SuperMoney – Algorithm Matching Engine

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$10,000/mo 3 months n/a See if you qualify

SuperMoney is another diverse lending marketplace that can match you with loans starting at just 6.36%. After you are prequalified, you will be matched with available lenders.

The SuperMoney business loans site is clean and easy to navigate. You can find information on extra fees their partners will charge you under their “additional details” section. This can help you easily avoid any origination fees or other charges.

Fundera – Super Brokers

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$10,000/mo 6 mo. 600+ See if you qualify

Fundera is a diverse online business loan marketplace. You can find the best business loans on the platform, including Small Business Administration loans. But if you have a lower credit score, you can still access other loans.

Because Fundera is a loan marketplace, you can find most types of business loans there. Most of their partners can approve you for a loan quickly. But keep in mind that you are getting the loan from an individual lender, not Fundera. So, each lender will be different to work with.

The minimum qualifications for a Fundera loan are:

  • A minimum credit score of 550
  • $10,000 monthly revenue
  • At least 6 months in business

LendingClub – Peer-to-Peer

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$75,000/yr 2 years 620+ See if you qualify

LendingClub is a bit different than Become or SuperMoney. LendingClub is actually a peer-to-peer lending marketplace.

LendingClub is a good service for business borrowers with fair or better credit. But the range of APRs you will find through them varies widely, in large part due to origination fees of 1.99% to 8.99%. Interest rates available on the platform range from 5.99% to 29.99% depending on your credit score and business financials. Repayment terms also vary widely at 6 to 60
months.

The base requirements for LendingClub’s most lenient partners are:

  • At least 12 months in business
  • At least $50,000 in annual revenue
  • No recent bankruptcies or tax liens
Menu