Category: Reviews

Review of Small Business Lending Marketplaces Fundera & Lendio

Fundera and Lendio are two online marketplaces that aim to simplify the business financing process by cutting down the search and wait time associated with finding small business loans. Online marketplaces allow business owners to comparison shop for credit from a variety of lenders, including short-term and long-term loans, equipment financing, invoice factoring, a business line of credit, merchant cash advances, SBA loans, and more. Fundera and Lendio each work a bit differently, and if you’re considering using an online… Read More

Bank of America Small Business Financing Products to Help Smooth Cash Flow

Bank of America® serves more than 3 million small business customers. They lent nearly $10.7 billion in new credit to small businesses in 2015, and came in at number 48 on the U.S. Small Business Administration’s list of 100 top preferred SBA lenders in FY 2016 for their most popular small business funding source, the 7(a) loan program. Bank of America offers a wide variety of lending products to established small business customers, including secured business loans, equipment financing, commercial… Read More

OnDeck Review: Business Term Loans and Lines of Credit

OnDeck is an online lender offering small business term loans up to $500,000 and lines of credit up to $100,000. They lend to businesses in all 50 states across a number of different industries, including restaurants, retailers, healthcare professionals, contractors, and more. Their short term loan product offers loans up to $250,000 with 3-12 month repayment terms. The long term loan is available up to $500,000 with 15-36 month repayment terms. Over the years, OnDeck’s loan products continue to improve for… Read More

LoanMe Small Business Loans Review

LoanMe, founded in 2013, is lender offering both personal and small business loans. Their business loans division offers loans to small companies, including sole proprietorships, up to $250,000 that can be paid back over a repayment period up to 10 years. The loans are repaid via a fixed monthly payment and businesses can be funded as soon as the same day of application. What will a LoanMe small business loan look like? LoanMe offers loans from $3,500 - $250,000, with… Read More

Lending Club vs. Prosper: Prequalify for a Business Loan in Minutes

Lending Club and Prosper are two giants in the consumer lending space, thus they are often overlooked by business owners considering different financing options. However there’s good news for small business owners about these lenders: both Prosper and Lending Club offer loans for business in addition to their personal loan products. Lending Club and Prosper loans for small business are offered at reasonable interest rates with attractive repayment terms. You can prequalify for a loan from either of these lenders… Read More

RapidAdvance and LiftForward: A Variety of Loan Products for Small Business Owners

RapidAdvance and LiftForward are two lenders that offer a variety of lending products for business owners. For the large majority of people who are not well versed in the 40+ types of business financing, these products may seem confusing. If you are considering a loan from RapidAdvance or LiftForward, check below to find out what to expect from each of these loan products. RapidAdvance RapidAdvance offers 5 loan products — in a rough order from least to most expensive, they… Read More