Our Top Pick
Runner Up
We rank the top 5 lenders for small businesses, and not one major bank has made our list.
Our Top Pick
Runner Up
Our Top Pick
Runner Up
Ease of application: We’ve all been through a long and difficult process of gathering documents for a loan, copies of this, transcripts of that. Business plans, operating agreements, etc… its burdensome, so we ensured those on our lists offer a quick and easy to apply for loan process.
Favorability of Rates: In our research we saw many lenders offering to help but some were just out of their mind in the rates they charge, our ranking takes into account avg rates we saw along with credit scores and ranks the best ones to apply for based on your current credit profile.
Quickness of Funding: Sometimes getting money fast is most important. As a business owner, having gaps in receivables happens all too often and the ability to get cash now or draw from a line of credit is a critical tool that all small businesses need.
Lender History/Reputation: We wanted to ensure the lenders we found have been around a long time and have actually helped other businesses, each one on our list has at least 5 years in business, most are over the 10 year mark. As a business owner one of the things that could keep you up at night is cash flow. Is there enough to run and grow? What if I need money ASAP where will I go?
We're business owners ourselves and for the last 10 years have spent a lot of time working within the business lending space and
Business owners who are looking for a funding partner who understands their needs, and are able to offer a variety of programs including long and short term options with reasonable rates and terms should consider Fora Financial as their first stop.
Their application process is seamless and can be done completely online. Once you submit everything you’ll get a response usually that day and options your business qualifies for, pick the ones that best meet your needs.
Pros
Cons
Funding Options
Fora Financial puts a strong emphasis on customer support, providing excellent service throughout the funding process. Their friendly staff walks you through the entire funding process, helping you complete any steps needed to get you the best rates and term for your business.
Big Think Capital is a leading alternative financing industry leader. Starting 2017 by industry veteran David Brown, Big Think Capital has helped over 10,000 small business access almost $1 billion in capital. They have several financing options and are one of the highest ranked fintech companies on trust pilot with a 4.9 out of 5 rating.
Pros
Cons
Funding Options
They are rated 4.9 out of 5 on trust pilot with over 2800 reviews. Most reviews speak about their integrity, professionalism and genuine care for the businesses they serve. A simple online review looking for other review sites show the same high rating and positive sentiment, echoing the professionalism, care and integrity that Big Think Capital is known for.
LNDRSCompete.com is a leading small business marketplace. They work with dozens of funding companies. Their system is designed to match you with the right LNDR for your business, They do this by asking a series of questions to match you with a LNDR in their network who is specifically looking to fund your type of business.
Pros
Cons
Funding Options
Since it's an online marketplace, customer service is handled by those LNDRS you match with. Each one will have a different level of support; please consult their websites after you've been matched. LNDRS Compete gives you the name, number and website of each partner you match with.
Nav.com is a top tier destination for any business trying to build its credit and find ongoing credit offers. Nav uses its proprietary algorithm to score and evaluate your business; then they go to work and find lenders who will partner with you. The Nav process is ongoing and while there might not be an offer today, they will continue to monitor your business credit and alert you when you qualify for a loan.
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Cons
Funding Options
AMONE is the leading marketplace of unsecured personal loans online. Their website can connect you with 100’s of lending partners who will loan you up to $50K
Pros
Cons
Funding Options
Business owners who are looking for a funding partner who understands their needs, and are able to offer a variety of programs including long and short term options with reasonable rates and terms should consider Self as their first stop.
Their application process is seamless and can be done completely online. Once you submit, you get a response, usually that day, with the options your business qualifies for. This way you can pick the one(s) that best meet your needs.
Pros
Cons
Funding Options
Self puts a strong emphasis on customer support, providing excellent service throughout the funding process. Their friendly staff walks you through the entire funding process, helping you complete any steps needed to get you the best rates and term for your business.
