ServiceScoreLoan RequirementsSpecial OffersMin AmountMax AmountSiteThe GoodThe BadThe Bottom Line
SmarterLoans

9.9

 
Merchant Cash Advance
Working Capital
Business Line of Credit
$3,000$500,000Visit Site
lendio

9.9

 
Time in business: 12+ months
$20K in monthly revenue
Minimum credit score: 580
$1,000$500,000Visit SiteThe Lendio platform analyzes indicators, including financial forecasts of a business, use of funds, industry, and monthly income to find the right loan option for borrowersVariability of OptionsThe Lendio platform analyzes indicators, including financial forecasts of a business, use of funds, industry, and monthly income to find the right loan option for borrowers
LoanBuilder

9.6

 
Time in business: 9+ months
$3.5K in monthly revenue
Minimum credit score: 600
LoanBuilder offers short-term business loans in which you repay a predetermined fee instead of interest.$5,000$500,000Visit SiteUnlike banks or other online lenders, you and your business won’t need to meet strict eligibility criteria to qualify.Weekly repayments could also throw a wrench in your business’s budget, especially if you hit a period with limited cash flow.LoanBuilder, A PayPal Service earns high praise from borrowers who rate it as an efficient way to get quick funding for their business.
LendingTree

9.0

Time in business: 12+ months
$8k in monthly revenue
Minimum credit score: none
$2,000$1,000,000Visit SiteDozens of Available Lenders, Easy to Use Navigation, Free Credit ScorePre-Qualification Not Always ConcreteLendingTree may be a good option for you if you need to consolidate some debt or start shopping around for a mortgage. Of course, it won’t pull information from every potential lender.
Kabbage

8.9

 
Time in business: 12+ months
$4.2K in monthly revenue
Minimum credit score: none
$2,000$250,000Visit SiteMinimal Documentation. Fast Approval & Funding. No prepayment penalty.High Interest Rates. Short Repayment terms. Taking over your Paypal and Bank Accounts.It's expensive but a great way to cover cash flow emergencies. This would be a good option if other cheaper alternative is unavailable or takes too long.
Reliant Funding

8.5

 
Time in business: 12+ months
$10k in monthly revenue
Minimum credit score: none
Merchant account providers offer several different types of fee structures, and some are better than others for small businesses.$5,000$500,000Visit SiteReliant Funding might be a good resource for borrowers who’ve had difficulty qualifying for traditional financing due to poor credit or a past bankruptcy.

Best Business Loan rating updated for October 2020

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