Short-Term Loan by The Business Backer

Short-Term Loan by The Business Backer

The Business Backer connects businesses with the financial sources they need, from traditional bank loans to alternative financing and other lines of credit. The Business Backer has reinvented the business lending system through their consultative process and honest appraisal of all the financial options available to a business. This unique approach, combined with a team of expert advisors, has allowed them to service thousands of customers across the United States.

Nav's Verdict

70% Complete
Effort to Apply
40% Complete
Funding Speed
20% Complete
Repayment Terms
60% Complete


Bottom Line

If you can make daily or weekly payments, this can be a great option considering the rates, lack of fees, and the funding amounts.


Can provide fast funding for a reasonable rate. No origination or application fees.


Higher annual revenue requirement than similar offers. Potentially daily repayment terms.

Qualification requirements

Time in Business

At least 1 year in business

Annual Revenue

At least $250,000 in revenue

1.15- 1.45 Factor Rate
Repayment Terms
Daily, weekly, or semi-monthly payments for 4 to 18 months
Funding Amount
$5,000 to $200,000
Repayment Example
$10,000 (loaned amount) x 1.45 (factor rate) = $14,500 (total payback amount)
Origination Fee
Funding Speed
1 - 3 days


Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.