Small business owners looking for fast working capital may want to consider 1West Finance. The lending marketplace offers various small business loan options through its network of lenders.
Merchant cash advances are gaining popularity with small business owners because they have loose eligibility requirements and provide immediate working capital. There are many merchant cash advance providers, and 1st Merchant Funding has been at it since 2007.
However, the funder might not be the right fit for every small business owner.
Merchant cash advances (MCAs) are gaining popularity because they’re easy to obtain and provide quick funding. As a result, many MCA funders, like Accord Business Funding (ABF), are available.
However, merchants cannot apply directly to the funder. Its product is only available through its network of Independent Sales Organizations (ISOs). Small business owners interested in an ABF MCA can try contacting the company for a list of partners. You can also work with a merchant cash advance provider that accepts direct applications.
AdvancePoint Capital is a business loan marketplace that connects businesses with various lenders to help them secure funding. This service is not a direct lender, meaning it does not provide loans itself. Instead, it helps business owners find suitable financing options from multiple sources.
Tech giant Amazon has recently expanded its massive product offerings to include Amazon Lending for third-party sellers that use the eCommerce platform. The invite-only small business lending program could help some sellers grow and expand their Amazon business.
Businesses that sell on credit sometimes experience a cash flow gap when waiting on customer payment. Cash flow is the lifeblood of a business, and interruptions can derail operations.
Some small business owners turn to invoice factoring to convert unpaid invoices into immediate working capital. AmeriFactors is an invoice factoring company with over three decades of experience in providing fast cash flow.
Acquiring needed equipment is often one of the most essential but costly expenses for businesses. Companies like Amur Equipment Finance seek to help businesses get the necessary equipment on credit.
The company offers an Equipment Finance Agreement and several lease options. However, it might not be the right fit for every small business equipment need. Amounts only go up to $350k, and it doesn’t publish interest rate ranges.
Anchor Loans is a prominent fix-and-flip hard money lender in the real estate industry. It is known for its strong relationships with builders and investors. One key advantage of choosing Anchor Loans is their ability to provide fast closing times, which can be crucial in real estate transactions..
Small businesses often need funding help to scale and grow. But traditional lenders like commercial banks have strict qualifications and take a long time to fund.
Fintech lenders like Backd offer an alternative to traditional financing. Business owners can access working capital at much lower qualifications within a few business days.
However, Backd might not be the right fit for every small business. While its borrowing amounts are high, it only offers two funding products.
Better Business Funding (BBF) is a financing company that provides accessible funding solutions for small businesses across the United States and Canada. The company specializes in quick approvals, fast funding, and personalized service, making it a compelling option for business owners who face challenges securing traditional loans.
Small business owners can access working capital loans, business lines of credit, and equipment financing through the platform. BBF’s website also mentions merchant cash advances but doesn’t provide details on that program.
BHG Money is a non-bank direct lender that offers personal loans and business financing to help borrowers with various financial needs. Whether it’s for debt consolidation, increasing working capital, or expanding a business, BHG Money provides the necessary funding.
The company prides itself on offering competitive interest rates, flexible loan terms, and personalized payment plans that cater to individual needs. Powered by BHG Financial, the lender aims to ensure borrowers can access the funds they need while also receiving exceptional service.
Bitty Advance is a merchant cash advance company that helps businesses get quick funding for working capital. The funding process is simple and fast. Businesses apply for cash based on their future sales, which means they can receive money even if they don’t have perfect credit.
Founded in 2018, Bitty Advance is relatively new in the funding world. Many small businesses struggle with obtaining loans from banks. Bitty Advance aims to fill this gap by providing capital when the banks won’t. The company understands that small business owners often face challenges when accessing capital. They provide an easier option for those who may not qualify for traditional financing.
Biz2Credit is an online lending marketplace offering small business owners a quick application and fast funding. The company was established in 2007 and has since facilitated over $7 billion in funding to over 200,000 small businesses.
The lending marketplace provides loans ranging from $25k – $6 million. Its loan offerings primarily focus on short-term financing, as the maximum term is 36 months. Biz2Credit offers four loan products…
Bizlender is an online business loan marketplace that helps small business owners access funding quickly and efficiently. The company uses a proprietary technology platform to connect applicants with a network of funders, providing tailored financing solutions for various business needs. The company’s financing professionals state they will leave no stone unturned to find funding solutions.
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 a 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.
Lending marketplaces like BoeFly try to solve that challenge by connecting borrowers directly to the lenders that best match their needs. But it might not be the right fit for every business or funding need.
Breakout Finance (formerly Breakout Capital) is an online business lender that provides various financial products to support small business growth. The company offers funding solutions for businesses facing cash flow challenges or seeking expansion opportunities. By providing alternatives to traditional financing, Breakout Finance empowers business owners to access working capital without navigating the lengthy processes typical of conventional lenders.
Founded as Breakout Capital, it rebranded as Breakout Finance in 2023. The company has deployed nearly $500 million in funding to small businesses across all 50 states and Washington, D.C., since its founding in 2015. As a direct funder, the company handles funding decisions and disbursements in-house rather than referring borrowers to third-party lenders. This approach allows for faster approvals and a more personalized lending experience.
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 accrue a dangerous amount of debt unknowingly. Entrepreneurs who are facing these circumstances might consider a charge card instead.
BusinessLoans.com is a lending marketplace that helps ease the process by matching you with loan providers in its network. You only have to complete the simple online application, and you can receive multiple funding options from lenders that want to work with your business.
However, the fintech platform isn’t the right fit for every business funding need. It lacks transparency on costs, isn’t a direct funder, and can it take up to a week to receive the funds.
ByzFunder is an alternative lender that provides financing for small to medium-sized businesses (SMBs) that may not qualify for traditional bank loans. Based in New York, ByzFunder focuses on helping SMBs access fast funding solutions with streamlined technology and a straightforward application process. The company boasts a high approval rate for its financing applications, making it an attractive option for businesses seeking quick funding. The company aims to support businesses facing cash flow issues by offering flexible financing options tailored to their needs.
CAN Capital is a small business financing company in operation since 1998. It was one of the pioneers in the alternative business lending space and one of the first to offer merchant cash advances.
CapFront is best suited for small businesses that need fast funding but can’t qualify for traditional business loans. The company offers a comprehensive suite of funding options. It’s also geared towards business owners who want an ongoing relationship with a business loan broker and want to learn more about business financing.
The dual-track funding option is an excellent fit for businesses that need immediate bridge funding but ultimately want to secure lower-cost long-term financing. The lower approval requirements mean credit-challenged business owners and newer companies can likely find funding options.
Carputty is an online auto financing company that provides an innovative alternative to traditional auto loans. It offers a flexible line of credit that allows individuals and businesses to purchase, refinance, or lease buyout vehicles. Carputty operates in multiple states, excluding California, Mississippi, and Nevada.
Unlike other auto lenders, Carputty focuses on making car purchases and selling decisions easier by providing a continuous line of credit that borrowers can use repeatedly without requiring a new loan application for each transaction. Additionally, Carputty provides tools to manage cars as assets to maximize their value.
Celtic Bank is a privately owned industrial bank headquartered in Salt Lake City, Utah. Founded in 2001, the bank has established a reputation for providing specialized lending services to small businesses across the United States. Celtic Bank offers a diverse suite of loan products and is particularly recognized as a top SBA preferred lender. Celtic Bank has financed businesses in hundreds of industries nationwide.
Channel Partners Capital is a leading provider of small business financing, founded in 2009 and headquartered in Minnetonka, Minnesota. The company operates as a direct lender but only offers funding through third-party partners—primarily equipment finance companies. Over consecutive years, Channel has been recognized on Inc. Magazine’s list of fastest-growing private companies, reflecting both its strong growth and industry impact.
CIT Group, Inc. is one of the nation’s leading commercial lenders and an option for business owners seeking a traditional banking experience.
As a commercial finance company and a division of one of the biggest banks in America, CIT offers several advantages, such as multiple lending products, competitive rates, and integrated banking services. However, working with a large company could lose some of the personal touches you get with alternative lenders and brokerages.
Clearco (formerly Clearbanc) is one of the newest and fastest-growing players in the business financing game. Founded in 2015, this Toronto-based startup has financed thousands of companies, including mattress manufacturer Leesa Sleep, fashion-rental service Le Tote, and home goods supplier Public Goods.
Clicklease LLC is a financial services company that specializes in using technology to provide equipment leasing solutions for small businesses. It offers various products, such as lease-to-own options for equipment like computers, office furniture, and machinery.
Commercial Fleet Financing is an online lender that helps businesses get the vehicle(s) they need with equipment financing when they don’t have the capital to buy them outright. This review provides the ultimate guide to what you need to know about Commercial Fleet Financing to decide if the lender is right for your equipment financing needs.
Business owners can apply to Credibly with a minimum credit score as low as 500. If approved, you can receive funds within two business days – and same-day funding could be possible if everything goes right.
CreditStrong is a credit repair platform that offers a range of services designed to empower you on your credit-building journey. Through its installment credit products, the company allows you to demonstrate responsible financial behavior and improve your creditworthiness.
Many lenders provide equipment financing. But traditional lenders like banks and credit unions have strict requirements and take a long time to approve and fund loan requests.
Alternative lenders like Crest Capital aim to help you get the equipment you need faster without all the hassles of a bank loan. However, the lender might not be suitable for every small business.
Delta Capital Group is a direct funder specializing in providing fast and flexible funding solutions to small and medium-sized businesses. Established to help companies address unexpected expenses and growth opportunities, Delta Capital offers several financing options tailored to meet specific business needs. The company prides itself on same-day funding options and a streamlined application process that minimizes the need for extensive documentation. Delta Capital Group has earned a reputation as the #1 funder in the industry.
Emerald Investment Management specializes in private equity, senior living, and real estate investments. It offers tailored guidance to help clients reach their financial goals through a diverse portfolio. The company’s commitment to excellence ensures clients receive expert advice for long-term asset optimization.
Small businesses with low credit scores or less than a year in business often struggle to find financing. Companies like Everest Business Funding seek to solve this problem with a merchant cash advance.
Elevation Capital is an online lender specializing in alternative options like merchant cash advances, accounts receivable financing, and purchase order financing.
However, the business cash advance provider might not be the right fit for every company. The borrowing options can carry higher costs, and you need high annual revenue to qualify.
Small business loan marketplaces like Fast Capital 360 can help connect business owners struggling to find funding to lenders who can meet their needs. You can complete a single application and receive multiple loan offers.
However, the lending facilitator might not be the right choice for every business. The costs can run high, and you don’t have as much control over which products are available.
Finance Factory is an online lending marketplace that provides startup funding and consultancy services. It can help small business owners and aspiring entrepreneurs find the best options to start or grow their companies.
However, you might pay more to use the service as it charges a high origination fee. Even so, the cost might be worth it if you need funding and are unsure where to start.
Financial Pacific Leasing Inc. from Umpqua Bank offers equipment leasing and financing to small businesses. They specialize in financing agreements for equipment up to $150,000.
FinTap is an online business funder that provides Revenue Based Financing (RBF) solutions to small businesses needing quick access to working capital. Its core mission is to offer flexible financing options that simplify the funding process, removing the red tape associated with many lenders. Rather than relying solely on credit scores, FinTap focuses on a business’s cash flow and sales to provide funds based on projected revenue.
Forward Financing is a Boston-based lending company that provides financing to small businesses nationwide. The fintech company uses a revenue-based financing model to fund businesses that might not qualify for traditional loans.
Many small businesses struggle to find funding when they’re younger or have low business credit scores. Forward Financing seeks to solve these challenges with an underwriting process that bases approval on a company’s revenue and cash flow.
Fountainhead Commercial Capital is a direct commercial lender dedicated to providing financing solutions tailored specifically for small businesses. Their focus lies in supporting entrepreneurs and small business owners looking to expand, invest in new equipment, or acquire commercial real estate.
Fundation is a Virginia-based online business lender that offers various small business loans. Their lending rates are similar to those provided by community banks, making them an attractive option for small businesses needing financial assistance. However, as of October 2020, Fundation paused its business lending operations.
Fundbox has an excellent online reputation. This is particularly true for their customer service. Fundbox’s line of credit or a Fundbox term loan can help businesses in need of immediate funding. The application process is easy and streamlined. Once funding is approved, you can usually add funds to your business checking account within 1-2 days, and sometimes you can get funding by the next business day.
Small businesses often need funding to support or grow their operations. Lending marketplaces like Fundera help small business owners navigate their available loan options.
Fundera by NerdWallet and Lendio are leading business loan marketplaces. These platforms seamlessly link businesses with various lending products from diverse lenders.
Fundible is a financing solution for small businesses founded in 2017. This company helps businesses that often struggle to get loans from traditional financial institutions like banks and credit unions. Many small business owners face rejection from banks due to strict lending criteria. Fundible aims to change that.
The UK-based lending platform Funding Circle is a world leader in business financing. The fintech company enjoys an excellent online reputation centered around its dedicated customer service and the ease of the application process.
Small business owners can apply for Funding Circle financing in about six minutes or less. The company also connects investors and lending institutions to small businesses needing financing through its lending-as-a-service platform.
Merchant cash advances provide accessible and fast funding to small businesses. Deciding on the right merchant cash advance company can be challenging, though.
Fundkite is one option to consider as it provides advances up to $2 million. However, the funder might not be the right fit for every small business owner.
Businesses that sell on credit and invoice customers often have to wait 30 days or longer before getting paid. That delay in funding can cause significant cash flow interruptions if business expenses accrue before payment.
Many small businesses turn to invoice funding options when faced with that dilemma. FundThrough is an online invoice funder that provides a quick and convenient sign-up process and fast funding time.
Fundwise is unique because it offers a credit counseling service and provides startup funding.
However, the company won’t be the right fit for every business. The costs can run high, especially with the fees the service charges. It also has a high credit score requirement and long funding times for an alternative lending platform.
Good Funding is a financing company specializing in helping businesses secure working capital with alternative financing.
Despite being a newer company in the industry, Good Funding is building a solid online reputation. However, you should be cautious when working with any merchant cash provider since this form of financing can be expensive.
Small business owners needing working capital that can’t qualify at commercial banks often turn to alternative business loan options. The alternative lending platform GoKapital offers one of the industry’s highest business loan approval rates – 95%.
Alternative lenders, like Greenbox Capital, aim to help businesses get funding when banks say no. The lender provides a quick and easy application with funding possible within 24 hours on some products.
Some lending options provide a niche focus, while others cast a wide net. GUD Capital is the latter, as it facilitates everything from small non-loan funding options like merchant cash advances for $5k to multi-million-dollar bank loans to enterprise-level businesses.
However, the lending marketplace might not be the right fit for every small business owner. The number of options, lack of transparency, and costs could be an issue for some.
Thanks to companies like Headway Capital, younger businesses can access business lines of credit with bad credit with rocky cash flow. Unlike more traditional options, Headway Capital caters to less established companies and offers multiple repayment methods.
Skip is a comprehensive platform designed to help entrepreneurs and small business owners find business funding and growth opportunities. Serving as a marketplace, Skip connects users with a wide range of funding options, including grants, loans, and other financing opportunities available in the United States. By becoming a Skip member, you gain access to an extensive database of funding sources and expert insights and tips to expedite the funding application process.
Skip, officially known as Hello Skip, is a San Francisco-based seed-stage company founded in 2016 by Ryder Pearce. The company operates as a for-profit organization with a mission to assist small businesses in navigating funding challenges.
As a newer player in the world of online business financing, Idea Financial has built a solid reputation for fast funding at reasonable rates and providing personalized business advice. The lender is more selective than most, but for those who qualify, Idea is an excellent option for a line of credit and short-term loans.
Businesses affected by the Covid-19 pandemic can still file for the Employee Retention Tax Credit. The little-known program can provide up to $26,000 per employee for wages paid in 2020 and 2021.
Many business owners are still unaware of the program or if they’re eligible to claim the credit. Tax specialist companies like Innovation Refunds help businesses determine eligibility and apply to the IRS.
However, Innovation Refunds might not be the right fit for all small businesses. It charges a hefty fee, only works with enterprises that meet a minimum number of employees, and doesn’t offer an ERC advance. This review can help you decide if Innovation Refunds is right for your ERC filing needs.
Small businesses that need quick funding and can’t qualify for small business loans from banks often turn to alternative lenders. IOU Financial is a paperless, alternative lender with a low credit score requirement, same-day decisions, and funding within 24 hours of approval.
However, all lenders have their benefits and drawbacks. With IOU, you’ll get higher interest rates and fees than many conventional lenders. In addition, you can’t apply directly to the lender currently. You must work with an independent reseller that partners with the lender to apply for its small business loans.
In online business lending, few companies have grown as dramatically as Kabbage. Much of Kabbage’s success can be attributed to its underwriting requirements and various features that stand apart from its massive competition.
It’s safe to say that Kabbage created a business model that appeals to businesses looking for a unique yet sensible funding solution. That business model also appealed to investors as American Express acquired Kabbage in 2020.
Small business owners who need quick funding for business loans might be interested in Kapitus. The lender offers a fast approval process, quick funding, and a wide range of financing products.
Small business owners have many financing options, including traditional and alternative lenders. While online lenders provide speed and convenience, some businesses prefer the traditional experience of a brick-and-mortar bank.
KeyBank is one of the largest in the US, providing a robust small business lending program. It is also an SBA-preferred lender.
However, the bank might not be a suitable lender for every small business. It provides very little information on funding times, eligibility, and costs.
Key Equipment Finance, backed by KeyBank, provides various flexible financing options for essential business equipment. However, the company might not be right for every small business.
It doesn’t provide an online application or publish interest rates or fees. This review can help you decide if Key is suitable for your equipment financing needs by covering the benefits, drawbacks, and application process.
Lendesca is a financial technology company dedicated to helping small businesses and self-employed individuals secure funding through tax credits and loans. The platform understands the unique financial needs of its target audience and offers specialized loan solutions designed to address those challenges.
With Lendesca, business owners can access capital quickly, providing the crucial financial support needed to manage expenses, invest in growth, or recover from setbacks. Whether it’s funds for equipment, working capital, or acquisitions, Lendesca’s tailored approach aims to empower business growth and financial stability.
Lendistry is an excellent option for small businesses in underserved areas that need business funding. Its qualifications are more stringent than most online lenders, but the costs are low if you qualify.
Lending marketplaces like Lendio reduce the time and stress of finding lenders by matching your application with its lender partners. It offers many lending options with different qualifications through its network of 75+ lenders.
However, the costs could run high depending on the Lendio business loan and lender.
LendingPoint is an online lender specializing in personal loans with lower qualifications than banks and much faster funding times. In addition, the online lender recently added some small business point-of-sale partnerships for companies to offer their customers term loans to pay for goods and services.
However, the online lender won’t work for every business or startup need. We can help you decide if LendingPoint’s options could work for your startup or sales process by covering the benefits, drawbacks, and application process.
Small business loan marketplaces like LendingTree help connect companies to multiple lending offers from a vast lending network. Business owners of all credit scores, industries, and time in business can apply to the lender network.
Lendtek is a cutting-edge small business loan marketplace designed to simplify and expedite the process of securing business financing. By leveraging advanced technology and artificial intelligence, Lendtek connects small business owners to a network of trusted lenders, enabling them to compare loan options tailored to their needs.
Founded in Island Park, NY, Lendtek has helped thousands of businesses secure funding, with millions of dollars disbursed to date. Lendtek’s mission is to empower small businesses by providing access to diverse financing options.
The number of traditional and alternative lenders available today makes it difficult for small businesses to locate the best options for their needs and qualifications. You can visit a local bank or apply to one of the many online funders.
Services like Lendza aim to reduce the guesswork and time-consuming research of finding a funder. Business owners can apply to the service once, and it tries to pair you with the best lender for your needs.
However, Lendza might not be suitable for every small business. Some business owners prefer working with a direct funder. Others might want a full-fledged marketplace that provides additional services.
Lexington Capital Holdings is a financial services company that focuses on helping business owners secure funding solutions for small and medium-sized businesses (SMBs). It is not a direct lender but maintains relationships with dozens of lenders. The company helps connect business owners with these lenders to obtain financing solutions.
Lexington Capital Holdings’ unique position lies in its ability to maintain a network of alternative and traditional lenders. This diverse network allows the company to offer various financing options. The company works with approximately 35 alternative lenders and 20 different national banks, regional banks, and credit unions.
Libertas Funding, LLC is a direct funder for revenue-based funding (RBF) transactions. It facilitates business term loans issued by its partner WebBank. The funding solutions are designed to help fuel growth for small and medium-sized businesses (SMBs).
Lightspeed Capital is best suited for qualified Lightspeed Payments customers who need fast working capital. It doesn’t require a credit score check or collateral, so it’s also a good fit for credit-challenged business owners without high-value assets.
Established businesses with excellent credit, high revenue, and assets to pledge as collateral can find more advantageous and less costly business loans. However, it provides fast funding, and the open-ended term is attractive.
Lima One Capital provides various loan programs tailored to meet the needs of real estate investors. These programs offer different terms, rates, and flexibility to suit multiple investment strategies. For example, they may offer fix-and-flip loans or rental property loans with competitive interest rates.
The Holy Trinity of payment processors is 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 customer type.
Loot is an online business funding platform that aims to simplify and accelerate access to capital for small business owners. The company was founded with a mission to offer quick, flexible funding solutions through a fully automated platform. Loot helps businesses across industries manage cash flow and grow by providing an easy way to apply for funding without the red tape often associated with banks.
Marlin Capital Solutions (now PEAC Solutions) is a nationwide financing provider for business equipment and working capital. Like any lender, the company has its upsides and downsides.
Small business owners have many lending options, from large commercial banks to small alternative lenders. Mulligan Funding is the latter, but the family-owned company provides up to $2 million in business funding.
The online lending company focuses on delivering outstanding customer service and developing lasting relationships through its renewal program. However, it might not be suitable for every small business, especially since it lacks transparency on costs.
One of the top lenders for large borrowing amounts is Newtek Small Business Finance. Newtek provides SBA loans, term loans, and business lines of credit. The business solutions company also offers HR management services, IT services, and more.
North Mill Equipment Finance is a national lender that offers equipment loans and leases. It brings several decades of industry experience and offers specialized programs.
However, businesses cannot apply directly to the company. It exclusively works with a network of third-party referral agents who bring deals to the lender.
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 financing terms will impact cash flow.
Certain eCommerce companies rely on marketplaces like Amazon to do business. Unfortunately, marketplace platforms sometimes take several days, weeks, or months to release a seller’s payout.
That’s where Payability comes in. The online financing company seeks to help small business entrepreneurs solve cash flow issues in the eCommerce space. Payability doesn’t consider your credit score or run a credit check when approving applications.
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 their industry’s very nature.
Many small business owners don’t have the credit score or business history to qualify for traditional loans with banks and credit unions. Alternative lenders like Pearl Capital offer to help underserved merchants access funding.
However, alternative lenders financing high-risk business owners tend to be more expensive. You must also work with a third party to apply to Pearl Capital.
Plexe® is a fintech solution designed for small and medium businesses. Founded in 2018, the company is headquartered in Greenwood Village, Colorado. It aims to simplify financial management for growing businesses by combining multiple working capital solutions into a single, innovative, revolving line of credit. This means businesses don’t have to worry about managing multiple lending products as they only have one lending solution.
QuickBooks Capital is a financial service offered by Intuit Financing. It helps small businesses access loans. Business owners can apply for a business loan directly from their QuickBooks account.
The service offers installment loans and a line of credit. Additionally, users can apply for other small business loans through QuickBooks Capital Marketplace, which connects users to a network of QuickBooks lender partners.
Rapid Finance offers a diverse line of small business loans. Few small business lenders can boast Rapid Finance’s quick funding time. As the name says, the company specializes in rapid financing programs.
Small business owners have many options for financing, but SBA loans remain the gold standard. The drawback to SBA loans is that most lenders have strict qualifications, and getting your funds takes weeks or months.
Some lenders, like Ready Capital, can help expedite the process as an SBA-preferred lender. The company also offers USDA B&I loans. However, it might not be the right fit for every small business.
Reliant Funding is a lending institution specializing in merchant cash advances for small and medium-sized businesses. Like most alternative lenders, the company offers an easy online application and faster funding than traditional lenders.
Revenued is a company that helps businesses with funding. It offers a revenue-based business card, which works like a merchant cash advance. Businesses can use it to access funds based on their future revenue. The process is straightforward. First, a business applies for the Revenued card online. Next, it provides information about its business revenue and financial history. After approval, it receives the card and can use it immediately.
Riviera Finance is an established financing company specializing in invoice factoring for small businesses. The company purchases outstanding invoices from your clients so you can turn your accounts receivable into instant working capital to maintain cash flow.
Samson Funding is a New York-based alternative financing provider that helps small businesses access quick capital solutions when traditional loans aren’t an option. The company aims to empower businesses through simple, customized financial solutions that fit their cash flow needs.
They aim to build long-term client partnerships by offering support and access to flexible funding throughout their growth journey. The firm is known for fast approvals, minimal documentation, and a straightforward application process.
Seek Business Capital, or Seek Capital, is a lending referral service designed to help you obtain funding that meets your needs and qualifications. The service enables you to secure working capital to grow and support your business.
The referral service differs from many online lending options because it is not a lender or lending marketing place. It does help you connect to multiple lenders, though.
Small business owners seeking up to $250,000 in working capital or $1 million in equipment financing may be interested in Select Funding. The online lender only requires a credit score of 500 and specializes in fast funding.
However, the funder might not be the right option for every business. It doesn’t provide much detail on costs, but online reviews suggest the rates are high.
Shield Funding provides multiple small business loans, from short-term to SBA loans. Business owners can find funding for almost any business need with different options.
Shopify Capital is the small business financing arm of the highly popular eCommerce platform Shopify Inc. Small business owners using the platform might qualify for a Shopify loan or merchant cash advance. Applications are invite-only, meaning the company will message you when your business is eligible.
SnapCap is an alternative online lender offering short-term financing to small business owners. They specialize in expediting the business loan process. From their streamlined application process to fast funding time, the company aims to bring you working capital in a snap.
Small businesses often need financing help at some point. But most traditional lenders like banks and credit unions have stringent qualifications and rigid repayment structures.
Some alternative lenders, like SOS Capital, provide quick funding, flexible terms, and accessible qualifications. However, the online lender might not be the right choice for every small business.
Square, a point-of-sale payment service like PayPal or Stripe, offers small business loans to merchants with a Square account. At first, Square Capital’s product might not seem unique. But when you look further into the requirements and repayment structure, it’s not difficult to see why Square Loans have grown so significantly over the several years.
StreetShares connects business owners to financing programs to help their companies grow. The lending platform began as a financing solution for veterans-owned businesses but expanded to include financing for all small businesses.
The Holy Trinity of payment processors is 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 customer type.
Swoop Funding offers a smart matching service that connects small business owners with various funding options. It specializes in providing business loans, equity funding, and merchant cash advances. By partnering with a network of commercial lenders, Swoop Funding ensures businesses can access the financing they need.
The one thing that most equipment has in common is a hefty price tag. Equipment financing is one of the most needed forms of small business loans since so few companies have the cash reserves to purchase these pieces outright.
Lenders like Taycor Financial offer various equipment leasing and financing options. It also provides a variety of business loans to help you meet working capital needs.
Small business owners considering a merchant cash advance might be interested in The Fundworks. It provides a quick and easy application with funding available the day after approval.
Modern small business owners have many options for online lenders, and today we’re discussing Torro Funding. The alternative lender provides a convenient application process with a fast turnaround on approval and funding.
Torro’s specialization in startup financing is one thing that sets it apart. Many financial companies don’t lend to startups because it’s an unproven business.
However, the funding company might not be the best option for every small business owner or aspiring entrepreneur. Some of its limitations include high fees and low borrowing amounts.
Triumph, formerly Triumph Business Capital, is a prominent factoring company specializing in financial solutions for small businesses, particularly those in the trucking industry. Triumph offers services such as invoice factoring, equipment financing, and asset-based lending, helping businesses manage their cash flow and working capital needs.
Founded as Advance Business Capital in 2004 and later acquired by Triumph Bancorp in 2012, the company has become a leader in the factoring market, particularly for trucking companies, freight brokers, and government contractors. Through its tailored offerings, Triumph helps businesses access same-day funding, fuel cards, and back-office support to improve their financial stability and operational efficiency.
The problem is that many commercial banks focus on enterprise-level financing for large corporations. Truist Bank is one exception because it offers traditional financing options for small businesses.
However, the traditional lender might not be the right fit for every business. We can help you decide if Truist meets your financing needs by covering the pros, cons and how to apply.
Uplyft Capital is an online lender specializing in merchant cash advances to serve the small business community. The company can also help connect customers to other small business loans through its third-party lenders.
Uplyft offers same-day approvals with funding available in 1-2 business days. The company’s merchant cash advance product is a viable option for small businesses with less than stellar credit that need fast funding.
The digital revolution of the last thirty years has significantly changed the world of business financing. The emergence of financial technology (fintech) powered online lenders provides small business owners with an ever-growing pool of funding options.
While that helps provide businesses with funding options for every situation, navigating the available lenders can be tedious, time-consuming, and frustrating. Lending marketplaces and brokerages like UpCrunch seek to solve the problem by matching you with the lenders that best suit your funding needs.
However, the company might not be suitable for every small business. It doesn’t provide information on costs, and its bespoke funding options require a high-touch approach. Some business owners might prefer more upfront information in a self-service model.
Financial technology (fintech) solutions are powering a new generation of alternative online business funders. One of the latest funding platforms available is Upwise Capital.
The company offers many of the benefits of alternative lending. These include quick applications and approvals, fast funding, and bad credit business loans. The lending platform also provides a robust suite of cannabis lending products.
However, it might not be suitable for every small business. It’s less proven than some of its competitors.
Online lenders like US Business Funding are often willing to work with business owners when the banks say no. The company has an approval rate of over 90% for its small business loan products. It provides equipment financing, working capital loans, and SBA loan options.
However, it might not be the right fit for every company. Most of its products require two years in business. Some customers have also mentioned high interest rates and additional fees. Are those extra costs potentially worth it if you can get approved?
Velocity Capital Group is an alternative funding company based in Cedarhurst, NY. Founded to help small businesses gain faster access to capital, it specializes in revenue-based financing, primarily through merchant cash advances (MCAs). The company has built its business by working closely with clients and brokers to deliver fast and flexible financial solutions, often within 24–48 hours.
ViewRidge Funding is an online alternative lender headquartered in San Diego, California. The company focuses on providing small businesses with fast access to capital, making it an attractive option for entrepreneurs struggling to qualify for traditional bank loans. ViewRidge Funding’s primary mission is to offer customized solutions that meet the unique financial needs of its clients, ensuring businesses can secure funding to expand operations, manage cash flow, or purchase equipment.
Vox Funding is an alternative financing company specializing in providing small businesses with fast and secure access to capital. The company offers funding solutions to businesses across many industries, including law firms, professional services, and retail operations. By focusing on future sales and receivables, Vox Funding enables businesses to receive funding based on expected revenue rather than relying on traditional loan criteria.
Walmart Marketplace allows third-party sellers to list their products alongside Walmart’s offerings. Sellers can reach millions of customers through this platform. They manage their own inventory and set prices for their products. The marketplace operates on a commission-based model, where Walmart takes a percentage of each sale.
Walmart Marketplace Capital specifically targets these sellers and provides them with quick access to funds. This funding helps sellers restock inventory or invest in marketing. Walmart uses sales history to determine eligibility and then notifies sellers via the seller dashboard, meaning applications are invite-only. This program helps Walmart Marketplace Sellers grow their businesses by ensuring they have the resources to succeed.
Wells Fargo is one of the US’s largest and most recognizable banks. The traditional financial institution is mainly known for consumer and commercial banking services but also offers some small business financing.
The emergence of financial technology (fintech) has powered a new generation of online business lenders. Companies like World Business Lenders (WBL) provide convenient online applications with fast funding times.
Many online lenders like WBL offer funding to business owners who can’t qualify for traditional financing. However, the online lender isn’t the best fit for every small business as it has limited products, strict collateral requirements, and high costs.
Small business owners who can’t secure financing from traditional lenders or who can’t wait that long often turn to alternative funding options like Zinch. The online lender offers flexible funding programs with fast turnaround.
However, determining the best alternative lending options can be challenging. We can help you decide if Zinch is the best option for your business funding needs by covering the benefits, drawbacks, and application process.
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.
Balboa Capital is one of the longest-tenured alternative business lenders with a track record since the 80s. They specialize in equipment financing, lines of credit, and short-term loans.
Use our simple online application to submit a request for business funding. If you need any help along the way, just give us a call, chat or email.
An expert, knowledgeable account executive will walk you through all the fine details and the requirements. This is to ensure you have all the info you need.
Once your funding has been approved & closed, the lender sends the funds to your account so you can start using it to grow your business.
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