Business Lender Review: BlueVine Capital
Few online business lenders are as highly regarded as BlueVine. If you were to research BlueVine’s products, you’d quickly be greeted by a plethora of glowing reviews, and for good reason. For starters, BlueVine offers virtually all of the advantages you’d expect from a reputable online lender. Their products are easily accessible for younger, smaller businesses as well as applicants with subpar personal credit.
Business Lender Review: Brex Corporate Card & Brex Cash
Small businesses are often recommended to cover certain operational expenses with business credit cards. But not everyone can qualify for the most advantageous options. And when you carry a balance month-to-month, it’s very easy to unknowingly accrue a dangerous amount of debt. Entrepreneurs who are facing these circumstances might consider a charge card instead.
Business Lender Review: Clearbanc
Like any other industry, the business financing industry must constantly adapt to suit the needs of a changing market. Well, how has the small business world changed as of late? Which industries are growing at the fastest pace? Two examples that come to mind are Ecommerce and SaaS, which stands for “software as a service.”
Business Lender Review: Headway Capital
Business lines of credit can be difficult to obtain for young businesses. The most advantageous options typically require flawless personal credit scores, substantial annual revenue, and at least a year in business. This is why Alternative Funding companies like Headway Capital have become increasingly popular as of late.
Business Lender Review: Kabbage Funding
The need for fast cash is often so great in small businesses that they forget it can come with a hefty price tag. This is evident in the success of business lenders that revolve around the ability to approve and distribute small business loans in 24-48 hours. Many of these lenders promise fast cash with little requirements, an offer so tempting that borrowers don’t bother thinking about how the terms of the financing will impact cash flow.
Business Lender Review: LoanBuilder
The Holy Trinity of payment processors are PayPal, Square, and Stripe. As of September 2019, all three offer their own business financing services. The last to join the club was Stripe, and it’s easy to see why they waited so long. Compared to PayPal Working Capital and Square Capital, Stripe Capital is designed for a more specific type of customer.
Business Lender Review: OnDeck Capital
The need for fast cash is often so great in small businesses that they forget it can come with a hefty price tag. This is evident in the success of business lenders that revolve around the ability to approve and distribute small business loans in 24-48 hours. Many of these lenders promise fast cash with little requirements, an offer so tempting that borrowers don’t bother thinking about how the terms of the financing will impact cash flow.
Business Lender Review: PayPal Working Capital & PayPal Business Loans
Despite the abundance of glowing reviews, PayPal’s working capital program is far from perfect. Many successful business owners have been denied funding for reasons that have nothing to do with revenue, cash flow, or general financial standing. Various forums are chock full of posts from dumbfounded or frustrated business owners who carefully read the program’s rules for eligibility yet still failed to obtain funding, possibly because of the very nature of their industry.
Business Lender Review: Square Capital
Since entering the business lending industry in 2014, Square Capital has become a popular financing tool for small businesses. This isn’t much of a surprise when you consider the rapid rise of other online business lenders. Much like Kabbage and PayPal, Square Capital offers just one program: the Square Capital Flex Loan.
Business Lender Review: Stripe Capital
The Holy Trinity of payment processors are PayPal, Square, and Stripe. As of September 2019, all three offer their own business financing services. The last to join the club was Stripe, and it’s easy to see why they waited so long. Compared to PayPal Working Capital and Square Capital, Stripe Capital is designed for a more specific type of customer.
Business Lender Review: American Express Merchant Financing (Currently Not Providing Funding)
If your small business accepts American Express credit cards and performs consistent debit and credit transactions, American Express Merchant Financing seems like a very sensible funding source.