Best Reviews TopConsumerReviews.com Best Business Loans Best Reviews
Best Reviews
      August 18, 2019

Home  >  Business Loans  >  LendingTree vs Advanced Commercial Capital

Best

Business Loans

  1. Funding Circle
  2. LendingClub
  3. LendingTree
  4. Kabbage
  5. Balboa Capital
  6. Nat Business Capital
  7. CAN Capital
  8. Advanced Comm Capital
  9. Capital Loan Hub

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Cruise Vacations

Cellulite

Irritable Bowel Syndrome

Keto Diets

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Printer Ink

Wedding Planning Guides

 

Individual Reviews

On Deck

Funding Circle

LendingClub

LendingTree

Kabbage

Balboa Capital

National Business Capital

CAN Capital

Advanced Commercial Capital

Capital Loan Hub

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingTree vs Advanced Commercial Capital

Best Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingTree and Advanced Commercial Capital.

To see ALL of our reviews for the Best Business Loans, please Click Here

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

Best Reviews

2019

Business Loan Reviews

4 stars
LendingTree

LENDINGTREE Visit Site

If you'd like to get a feel for the different types of business loans available and some possible partners that would fund the loan you choose, LendingTree can help. Unlike most of the other business loan sources in our review, LendingTree does not fund loans directly but instead serves as a connection between borrowers and lending partners.

LendingTree is very helpful when it comes to understanding different types of business loans. Do you know the difference between a Small Business Loan and an SBA Loan? How about between a Working Capital Loan and a Business Line of Credit? If not, don't worry - you'll find a wealth of information on the main business loan page. Just click on the various types of loans listed and you'll find detailed explanations, along with helpful Pros/Cons summaries to help you understand at a glance.

To get an idea of what LendingTree has to offer for your business, the main landing page (as well as the link for Business Loans on the primary site) will ask you first to choose what kind of business you have:

  • Sole Proprietorship
  • Partnership
  • Corporation
  • S-Corporation
  • LLC

From there, you'll choose the range of loan you're looking for, from less than $15,000 to more than $300,000. Enter the month and year that you started your business (or the acquisition date), your monthly revenue, and whether or not you've filed for bankruptcy in the last 7 years. You'll then need to provide your business' name, phone number, and email address in order to see your funding options. Just be aware that if you put it "dummy" information just to see your possible loan details, you'll get an error message saying that your data doesn't match.

The number of lenders a business is matched up with can vary significantly. Factors such as income, years in business, location and more will help determine how many companies are potentially interested in lending you money.

Of course, in order to get your loan funded, each lending partner will have their own specific requirements. LendingTree does a decent job of communicating that to prospective borrowers, giving a list of steps and documents, you should expect throughout the process, such as putting together a cash flow projection and gathering papers like your business license and your personal/business tax returns.

LendingTree reduces the headache many of us face attempting to borrow money. No need to complete multiple applications from local lenders when LendingTree serves as the liaison between business owners and banks. LendingTree provides a fast and efficient process of identifying potential lenders as well as a wealth of information for those looking to borrow for business purposes.

Visit Site

2.5 stars
Advanced Commercial Capital

ADVANCED COMMERCIAL CAPITAL Visit Site

Based in southern Utah, Advanced Commercial Capital provides business loans through a system known as factoring: a business in need of quick cash essentially sells its outstanding accounts receivable to a financial institution (called a "factor"), and that institution buys those accounts at a discount as its fee for the service. Those fees, which would be somewhat comparable to an interest rate on a loan, typically range from 5.5% to 10%, depending on the credit risk of the invoices purchased by the factor. Those rates are significantly lower than most business loans provided by other services in our review.

When deciding to work with a client, ACC looks to see if the business is essentially successful but having issues with managing their cash flow as they provide goods and/or services to stable customers with good credit. The initial application form is somewhat lengthy; prospective customers must provide detailed information regarding their business, including the structure (for example, sole proprietorship, LLC, and so on), owner(s), primary industry, and at least two trade references. Once the application has been submitted, ACC typically renders a decision within 72 hours. After receiving an original invoice and supporting documentation, businesses can expect to have the funds within 24 hours.

When evaluating ACC's reputability as a business loan provider, we noticed several things that could be cause for concern. First, we were unable to find a Better Business Bureau rating for Advanced Commercial Capital; along with a LinkedIn profile showing that the company has 10 or fewer employees, ACC does not seem to be a key player in the business loan market. Also, both the blog and the Facebook page for Advanced Commercial Capital haven't been updated since 2014, again leaving us to wonder exactly how active ACC is within the lending market. On a positive note, a call to the toll-free number featured prominently at the top of ACC's website was answered quickly; the representative reassured us that they are still very active in the lending industry and that they are working on updating both the Facebook page and the blog in the near future.

In summary, ACC may be the perfect lender for established businesses that want an alternative to a traditional business loan and interest rates that are potentially much lower than what they could obtain elsewhere. However, because Advanced Commercial Capital focuses primarily on factoring-type lending, they may not be the best fit for a large number of potential customers, especially those who are looking for startup cash.

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!

Employers help workers dig out from mound of student loan debt

Parent-plus loans are taken out - and repaid - by parents for their ... Northeast Delta Dental and the New Hampshire Coalition for Business and Education. Contact reporter Michael Cousineau at ...

Published:  Sat, 17 Aug 2019 17:08:00 GMT



Student loan debt won't lead to another financial crisis, economist says

Student loan debt problems won't cause markets to seize up with ... 612-673-4302 Lee Schafer joined the Star Tribune as columnist in 2012 after 15 years in business, including leading his own ...

Published:  Sat, 17 Aug 2019 10:13:00 GMT



You May Be Dead Before You Pay Off Your Student Loans

Jon works as a manager for an online transcription business. Vicky is a digital marketer for a semiconductor company. They're both 37, and together the Austin couple makes more than $150,000 annually.

Published:  Fri, 16 Aug 2019 02:00:00 GMT



Small Business Loan Approvals at Banks Hit Record Highs

Approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small banks in July, according ...

Published:  Wed, 07 Aug 2019 05:34:00 GMT



Can You Get a Small Business Loan Without Collateral?

A small business loan can sometimes come with a long list of requirements, and one thing a lender may expect you to have is collateral. Generally, collateral refers to some type of asset owned by ...

Published:  Fri, 09 Aug 2019 07:41:00 GMT



How to Use Peer-to-Peer Loans to Fund Your Small Business

If you need funding for your small business, peer-to-peer loans are an alternative to bank loans or other types of financing. While these loans are often associated with personal lending, some are ...

Published:  Tue, 13 Aug 2019 17:00:00 GMT



Lower-Income, Minority Areas In Chicago Region Losing Out On Millions In Small Business Loans

A new report by a Chicago-based nonprofit research and policy organization revealed widespread racial and economic disparities in small business lending throughout Illinois. The Woodstock Institute's ...

Published:  Wed, 07 Aug 2019 07:09:00 GMT



Jerry Bush column: After a predatory loan destroyed my small business, I spoke out. Now my creditors are retaliating.

After a bad loan cost me my small business and ruined my family's finances, I felt so broken I did not want to live. But while in that dark place I realized I had the power to prevent other ...

Published:  Thu, 15 Aug 2019 17:30:00 GMT



Hundreds of former Globe University and Minnesota School of Business students could have loans forgiven

Hundreds of students who attended Globe University and the Minnesota School of Business may now be eligible to have their student loans forgiven. Attorney General Keith Ellison said Thursday the U.S.

Published:  Thu, 08 Aug 2019 15:20:00 GMT



Can Anyone Get a Small Business Loan?

Every year, millions of individuals go into business for themselves, some as a side-job and others as a full-time endeavor, hoping to begin a new financial chapter of their lives. One of the biggest ...

Published:  Thu, 15 Aug 2019 06:16:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure