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      April 24, 2017

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Best

Business Loans

  1. Funding Circle
  2. Lending Club
  3. Kabbage
  4. Fundia
  5. Balboa Capital
  6. Nat Business Capital
  7. CAN Capital
  8. Advanced Comm Capital
  9. Capital Loan Hub
  10. A Loan Yes

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Best Business Loans

With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.

In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.

Continue reading below reviews

2017

Business Loan Reviews

5 stars
On Deck

ON DECKTopConsumerReviews.com Best-In-Class Blue Ribbon Award

In business since 2007, OnDeck specializes in providing short- and long-term business loans and lines of credit, and has helped more than 50,000 small businesses access the funds they need to grow. For businesses looking to borrow funds with extremely competitive rates, OnDeck is an excellent choice. They earn our highest rating.
Read More... Visit
Site

4.5 stars
Funding Circle

FUNDING CIRCLE

Started by small business owners in response to their own frustrations with securing business loans to grow their company, Funding Circle uses peer-to-peer lending to fund small business loans. With no hidden fees, clear interest rates, and an A+ rating as an accredited business with the Better Business Bureau, Funding Circle is a great choice for people seeking business loans. Read More... Visit
Site

4.5 stars
Lending Club

LENDING CLUB

Lending Club is a trusted lender for those seeking business loans from $5,000 to $300,000. With very competitive interest rates and an uncomplicated application process, Lending Club is an excellent choice for business owners who need a loan to grow their company. Read More... Visit
Site

4 stars
Kabbage

KABBAGE

Kabbage uses a unique verification system for businesses looking to qualify for a business loan, making the application process incredibly quick and access to funds almost immediate. While their requirements make them unsuitable for startups, and their total loan amount is smaller than some other lenders, their low fees of 12% or less make them an attractive option for established businesses that need a business loan. Read More... Visit
Site

4 stars
Fundia

FUNDIA

Fundia is an accredited business with the Better Business Bureau since 2015 and has an A rating. As one of the few companies in our review who provide funding for startups, and with 12 months of free consulting to help their customers effectively manage their credit lines, we think Fundia is a great option among companies offering business loans. Read More... Visit
Site

3.5 stars
Balboa Capital

BALBOA CAPITAL

Serving customers since 1998, California-based Balboa Capital has funded nearly $5 billion in financing solutions since its inception. Though some borrowers have expressed frustration with fees and other fine-print items, Balboa's A+ rating with the Better Business Bureau and established history make them a company to consider when looking for a business loan. Read More... Visit
Site

3.5 stars
National Business Capital

NATIONAL BUSINESS CAPITAL

National Business Capital provides financing to businesses in a variety of industries and credit histories, specializing in helping those who have previously been turned down by banks and other lenders. They maintain an A+ rating with the Better Business Bureau and have a number of convincing testimonials on their website. Information on their loan terms is hard to come by, and we'd like to see more details with respect to loan amounts, eligibility requirements, and interest rates. Read More... Visit
Site

3 stars
CAN Capital

CAN CAPITAL

Georgia-based CAN Capital has been providing business loans for nearly 20 years and maintains a perfect A+ rating with the Better Business Bureau. However, interest rates aren't readily available, and our research indicates that they may be as high as 85%. We recommend that prospective borrowers make sure to calculate their APR before making a commitment to borrow from CAN Capital. Read More... Visit
Site

2.5 stars
Advanced Commercial Capital

ADVANCED COMMERCIAL CAPITAL

Advanced Commercial Capital is based in St. George, Utah and specializes in a particular type of business loan commonly known as factoring, in which a business sells its outstanding accounts receivable to a financial institution (a "factor") in order to get cash immediately. While this type of business loan may work for some established businesses, especially those with a physical inventory, Advanced Commercial Capital may not meet the needs of other types of businesses, including startups. Read More... Visit
Site

1 star
Capital Loan Hub

CAPITAL LOAN HUB

Most US-based businesses are likely to feel uncomfortable attempting to secure a loan through Capital Loan Hub. Based in the Caribbean and with no contact information other than an email address and online contact form, Capital Loan Hub serves merely as a referral service to other lenders and doesn't provide direct funding to businesses. We recommend that you consider one of the proven, trustworthy lenders that rank higher in our reviews.
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Site

1 star
A Loan Yes

A LOAN YES

A Loan Yes claims to offer unsecured business loans of up to $250,000 and startup loans up to $150,000. However, their "loan process" appears to begin by sending customers over to the site of a different provider of business loans. With no BBB rating and apparently no actual involvement in their customers' business loan process, A Loan Yes can't compete with the more reputable, established lenders in our review. Read More... Visit
Site

Continued from above

Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.

There are many factors that you should consider before selecting a lender for your business loan. Some of these include:

  • Loan size and rate. How much will you be allowed to borrow? What interest rates do they typically offer on loans of that size?
  • Loan application process. When applying for your business loan, can it be completed online? Is the lending process easy and straightforward?
  • Requirements for business history. Can a brand-new business take out a loan, or is there a minimum time that the business must have been in operation in order to qualify? What other verification and/or collateral is required to secure the loan?
  • BBB rating. Does the lender have an established history of good business practices?

TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!

Forget Fundraisers and Crowdsourcing - Alternative Ways to Fund Your Startup

The SBA is a federal agency dedicated to helping entrepreneurs to improve their small business, take advantage of contract opportunities, and to get better access to small business loans. You can get an SBA loan from any bank that participates in SBA funding.

Published:  Sun, 23 Apr 2017 13:02:00 GMT



Small Business Loans For Veterans

Veterans Affairs (VA) loans refer to loan guarantees that are made by the SBA to soldiers or veterans who have returned from military services or are going off to serve. The loans are not actually from Veterans Affairs and can be given to widows or wives.

Published:  Wed, 19 Apr 2017 06:50:00 GMT



What The Administration's Stance On Dodd-Frank Means For Small Business Lending

The FDIC reports that since 2005, the total amount of business loans has grown from $1.75 trillion to an all-time record of nearly $3 trillion - while at the same time, small business loans have gone from 36% of this share to just 21%, as this graph ...

Published:  Fri, 21 Apr 2017 06:00:00 GMT



ABQ partners with nonprofit for business loans

ALBUQUERQUE, N.M. (AP) - The city of Albuquerque has partnered with a nonprofit to introduce a financial assistance program for small and local businesses along Central Avenue. The program is called Central Loan Fund and it currently has $700,000 in donations.

Published:  Sat, 22 Apr 2017 02:44:00 GMT



How Unsecured Small Business Loans Are Helping Entrepreneurs Stand on Their Own Two Feet

Small businesses represent a significant portion of the American economy - 54 percent of sales happen with small businesses, and these companies provide 60 to 80 percent of the jobs in the country. However, small businesses still struggle to get funding.

Published:  Mon, 17 Apr 2017 16:10:00 GMT



7 Things to Watch for in a Small Business Loan

Small business loans are a reliable way to get some extra capital for your business. Whether you're using a loan to cover your startup costs (such as landing an office space) or to fuel a new initiative (such as investing in new equipment or new product ...

Published:  Fri, 21 Apr 2017 11:19:00 GMT



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