Credibly: Best for bad credit

4.6

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$25k-$400K

Term: 3 - 15 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

1.11 factor rate

Fastest funding

1 business day

Apply now

on BusinessLoans.com

Disclosures

Marketing Bullets:

• Full financing application takes just ~10 minutes
• Enjoy some of the most competitive pricing in the alternative lending space
• Factor rates* as low as 1.11
• Daily, weekly, and monthly** payment and remittance options
• Approvals as fast as 4 hours

Disclosures:

*Factor rates are included in your daily estimate to simplify remittances and account monitoring. Best factor rates available to merchants with excellent credit and financial strength.

**Some products are made available through Credibly’s network of external funding partners

• Pros and cons

  Pros

  • Potential early repayment discount
  • Prequalify in as little as 10 minutes
  • Funds in as little as one day

  Cons

  • Unavailable in 13 states
  • High minimum revenue requirement
  • High minimum borrowing amount

• Additional requirements

  WHAT TO KNOW

  For Credibly’s working capital loan, your business needs at least $25,000 in average monthly deposits for the last three months. Applicants must total at least a 51% stake in the business. Payments can be made daily or weekly. Credibly charges a 2.5% origination fee.

  This loan is unavailable in the following states: CO, DE, GA, Ml, MT, NV, NJ, ND, OK, OR, SD, TX and VT.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  550

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:6 months

  Minimum business annual revenue:$300,000

National Funding: Best for early payoff discount

4.4

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$5k-$500K

Term: 4 - 24 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Factor Rates Starting at 1.10

Fastest funding

1 business day

Apply now

on partner site

Disclosures

Marketing Bullets:

• Hire new employees to support your business growth
• Flexible payment options are available
• Stock more best-selling items during your busy selling seasons
• Maintain daily operations even through gaps in cash flow
• Continue running your business seamlessly during seasonal lulls

Disclosures:

This is not a guaranteed offer of credit. Rates and terms for business credit products are subject to underwriting guidelines, may be provided by third parties, and are subject to lender approval. Approved funding amount is based on eligibility. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average business bank account balances, personal credit and other variables deemed relevant by the lender. Products offered by National Funding, LLC and affiliates are business products only. In California, products are made or arranged pursuant to a California Financing Law License. License number: 603A169.

• Pros and cons

  Pros

  • Access to high loan amounts
  • Offers early payoff discounts
  • Funding specialists available to help

  Cons

  • Limited information on website
  • $250,000 minimum annual revenue requirement
  • Limited monthly payment option

• Additional requirements

  WHAT TO KNOW

  You can apply online or by phone. National Funding will connect you with a funding specialist to make sure you are getting the financing options that work best for you. National Funding charges an origination fee of between 1 and 5 percent and requires a personal guarantee. Repayment options are daily and weekly, but borrowers with a high personal credit score and strong financials may qualify for its monthly payment option.

  National Funding operates in all states.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  660

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  Yes

  Minimum time in business requirement:6 months

  Minimum business annual revenue:$250,000

QuickBridge: Best for loan variety

4.2

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$10k-$500K

Term: 4 - 24 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Varies

Fastest funding

1 business day

Apply now

on partner site

Disclosures

Marketing Bullets:

• Finance daily business operation and have flexibility for expansion
• Access to short-term cash for immediate expenses like paying rent
• Supplement late-paying clients
• Get the funds to make improvements with renovations without impacting day-to-day cash flow
• Cash flow for inventory, materials, and marketing

Disclosures:

This is not a guaranteed offer of credit. Rates and terms for business credit products are subject to underwriting guidelines, may be provided by third parties, and are subject to lender approval. Approved funding amount is based on eligibility. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average business bank account balances, personal credit and other variables deemed relevant by the lender. Products offered by QuickBridge and affiliates are business products only. In California, products are made or arranged pursuant to a California Financing Law License. License number: 603J292.

• Pros and cons

  Pros

  • Streamlined application process
  • Fast funding times
  • Early payoff discount

  Cons

  • Interest rates and fees not stated online
  • Steep annual revenue requirement

• Additional requirements

  WHAT TO KNOW

  QuickBridge offers several types of business loans, including working capital loans and unsecured business loans. For working capital loans, loan amounts are from $10,000 to $500,000 with repayment terms from three to 24 months.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  660

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:6 months

  Minimum business annual revenue:$250,000

iBusiness Funding: Best for flexible repayment terms

4.6

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$25k-$500K

Term: 6 - 84 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Starting at 7.90% simple interest

Fastest funding

2 business days

Apply now

on BusinessLoans.com

Disclosures

Marketing Bullets:

• No prepayment penalty
• Once low-monthly payments*
• Term lengths up to 7 years*
• Fixed rates for the length of the loan
• Dedicated US based Funding Specialist

Disclosures:

*Rates, terms and maximum loan amount may vary according to the overall creditworthiness of the applicant and financing product selected. To see what your business may qualify for, apply today at no obligation. Approval and funding times may vary by lending partner and financing product selected. All loan offers and qualifications require credit approval and are subject to change with or without notice.

• Pros and cons

  Pros

  • Multiple repayment options
  • Low revenue requirements
  • Can help you build business credit

  Cons

  • Requires two years in business
  • No unsecured loan option
  • High origination fee

• Additional requirements

  WHAT TO KNOW

  Applicants must be able to offer collateral such as liens on equipment, vehicles or inventory. All owners with a 20% stake or more must be on the loan, and signatories must add up to at least 51% ownership. Signatories must have no personal bankruptcies in the past seven years.

  iBusiness Funding charges an origination fee of 4.49% to 10.49%. It also charges a late fee of up to 5%.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  400

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  660

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:2 years

  Minimum business annual revenue:$50,000

4.5

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$5k-$250K

Term: 3 - 24 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Starting at 27.30% APR

Fastest funding

1 business day

Apply now

on BusinessLoans.com

• Pros and cons

  Pros

  • Same-day funding
  • Early repayment incentives
  • Helps build business credit

  Cons

  • High APRs
  • Loan origination fees
  • Requires personal guarantees

• Additional requirements

  WHAT TO KNOW

  You can apply for a loan with OnDeck online or by phone at 888-269-4246. Most applicants receive a decision in minutes, and funds are available as soon as the same business day or within one to three days. OnDeck charges a loan origination fee of up to 4 percent. Both products require personal guarantees. 

  Funding isn’t available in North Dakota.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  625

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:1 year

  Minimum business annual revenue:$100,000

Fundbox: Best for startups

4.3

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.3/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$1k-$150K

Term: 3 - 6 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Starting at 4.66%

Weekly Fee

Fastest funding

1 business day

Apply now

on BusinessLoans.com

• Pros and cons

  Pros

  • Fast funds accessible by app
  • Unsecured option
  • Wide range of loan amounts

  Cons

  • Min. annual revenue may be prohibitive
  • Short repayment terms
  • Weekly fee makes rate comparison hard

• Additional requirements

  WHAT TO KNOW

  Fundbox is available in all 50 states and multiple territories. Its loans require a personal guarantee from business owners with at least a 25 percent stake. In addition to the weekly fees, Fundbox charges a $6 non-sufficient funds fee. Payments are made weekly.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  600

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:6 months

  Minimum business annual revenue:$100,000

American Express Blueprint: Best for low revenue requirements

4.3

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.3/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$2k-$250K

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

N/A

Fastest funding

Not disclosed

Apply now

on BusinessLoans.com

Disclosures

Marketing Bullets:

• Apply online in a few simple steps 
• Pay no fees if there is no outstanding balance
• Pay a monthly fee each month you have an outstanding balance 
• Digital application and onboarding journey; applications are not accepted by phone 
• Customers can apply 24/7 and access their account information 24/7 

Disclosures:

• Total monthly fees incurred over the loan term range are: 3-9% for 6-month loans, 6-18% for 12-month loans, 9-27% for 18-month loans, and 12-18% for 24-month loans
• The required FICO score may be higher based on your relationship with American Express
• All businesses are unique and are subject to review and approval

**American Express® Business Line of Credit offers two loan types, installment loans and single repayment loans for eligible borrowers. All loan term types, loan term lengths, and pricing are subject to eligibility requirements, application, and final approval. This article contains general information about the American Express® Business Line of Credit installment loan type only.**

• Pros and cons

  Pros

  • Fair monthly average revenue requirement
  • No origination or early repayment fees
  • Available across the U.S.

  Cons

  • Only available to established businesses
  • High borrowing costs for longer terms
  • Fees make cost comparisons hard

• Additional requirements

  WHAT TO KNOW

  • Business credit score: N/A
  • Personal credit score: Minimum FICO score of at least 660* at the time of application
  • Personal guarantee requirement: Yes
  • Minimum time in business requirement: Must have started your business at least a year ago
  • Minimum business monthly revenue: Average monthly revenue of at least $3,000

  
  

  * All businesses are unique and are subject to approval and review.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  660 *

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  Yes

  Minimum time in business requirement:1 year

Bank of America: Best for the bank experience

4.3

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.3/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

Starting at $10k

Term: 12 - 60 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Starting at 8.50%

Fastest funding

Not disclosed

Read our review

on Bankrate

• Pros and cons

  Pros

  • Free business credit score monitoring
  • No collateral needed
  • Bank customers can apply online

  Cons

  • Need two years in business
  • $150 origination fee
  • High credit score requirement

• Additional requirements

  WHAT TO KNOW

  You can apply online if you have a Bank of America Online Banking ID. Otherwise, you can make an appointment by calling or using the online scheduler to connect with a business lending specialist.

  Applicants must be at least 18 years old and a U.S. citizen or resident alien. Loans are available in all 50 states and Washington, D.C. 

  There is a $150 origination fee.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  700

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:2 years

  Minimum business annual revenue:$100,000

4.2

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$10k-$150K

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Starting at 10.00%

Fastest funding

Not disclosed

Read our review

on Bankrate

• Pros and cons

  Pros

  • Competitive rates
  • Rewards program
  • Multiple lines of credit

  Cons

  • High credit score requirements
  • Personal guarantee or collateral required
  • Annual fee for some products

• Additional requirements

  WHAT TO KNOW

  To apply for the Wells Fargo BusinessLine® line of Credit or Wells Fargo Small Business Advantage line of credit, you can go online or visit a branch. To apply for the Wells Fargo Prime Line of Credit, call 1-844-807-5060. The BusinessLine® line of credit and Small Business Advantage® line of credit require a personal guarantee for all owners over 25 percent and 20 percent, respectively. The Prime Line of Credit requires collateral. The BusinessLine® line of credit also comes with an annual fee after the first year.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  680

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  Yes

  Minimum time in business requirement:2 years

  Minimum business annual revenue:N/A

4.1

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.1/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$5k-$250K

Term: 12 - 60 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

8.49- 24.99%

Fastest funding

Not disclosed

Read our review

on Bankrate

• Pros and cons

  Pros

  • Low interest rates
  • Helps minority businesses
  • Mentoring and educational support

  Cons

  • Only offers a term loan
  • Low maximum loan amount

• Additional requirements

  WHAT TO KNOW

  You can apply online or call 1-866-458-3555 to speak with a representative. Accion Opportunity Fund checks your personal credit with a soft pull so that it won’t affect your credit score. Accion reviews other factors besides credit scores to make funding decisions, though it’s unclear what it considers. 

  The loan is unavailable in the following states: MT, ND, SD, TN and VT.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  N/A

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:1 year

  Minimum business annual revenue:$50,000

Fora Financial: Best for fast approval

4.5

Bankrate Review

Hover to learn more about our Bankrate scores.

Bankrate Score = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Loan amount

$5k-$1.5M

Term: 6 - 18 months

Interest rate

Hover to learn more about our interest rates.

Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.

Starting at 1.10 factor rate

Fastest funding

1 business day

Apply now

on partner site

Disclosures

Marketing Bullets:

• Fixed terms - up to 18 months to repay - make the Small Business Loan a hassle-free lending solution for growing businesses that need fast working capital for expansion, cash flow management, or other business operations
• No collateral required
• Prepayment discounts
• Soft credit pulls for approvals
• Borrow $5,000 to $1.4 million

Disclosures:

Fora Financial provides business capital, including business loans and Revenue Based Financing, directly and through a network of unaffiliated third-party funding providers. All offers will depend on your business meeting at the time of submission our prequalification and/or underwriting criteria, which includes, but is not limited to, business & personal credit history, time in business, cash flow, revenue consistency, industry-specific underwriting rules. Business loans are offered by Fora Financial Business Loans LLC or, in California, by Fora Financial West LLC, a licensed California Finance Lender, License No. 603J080. Revenue Based Financing is offered by Fora Financial Advance LLC.

• Pros and cons

  Pros

  • Possible early repayment discount
  • Soft credit check at application
  • Minimum FICO score of 570

  Cons

  • Maximum factor rate is fairly high
  • Few types of loans
  • Steep annual revenue requirement

• Additional requirements

  WHAT TO KNOW

  Fora has a remarkably fast approval time, with the company advertising a response within just four hours. The company does a soft credit check when you apply for a loan with a full check happening only once you’ve been approved. The company also puts discounts on early repayments and has no limits on how you used the money you borrowed.

  Business credit score:

  Hover to learn more about our business credit score.

  There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).

  N/A

  Personal credit score:

  Hover to learn more about our business credit score.

  A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

  570

  Personal guarantee requirement?:

  Hover to learn more about our personal guarantee requirement

  This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.

  No

  Minimum time in business requirement:6 months

  Minimum business annual revenue:$240,000