Top 10 Business Finance Companies to Consider for Your Small Business

As a small business owner, you may have realized that securing a steady flow of financing is crucial for the survival of your business. Navigating the finance industry can be a daunting task, especially when you’re new to it. That’s why we’ve compiled a list of the top 10 business finance companies that you should consider for your small business.

1. BlueVine

BlueVine is a popular choice for small businesses that need quick access to cash. They offer invoice factoring and lines of credit of up to $250,000 with affordable rates and no prepayment penalties. Their simple and fast application process makes it a great option for businesses that need money urgently, with approval times as quick as 24 hours.

2. Kabbage

Kabbage is a lending platform that offers lines of credit for small businesses of up to $250,000. They use innovative technology to make their application process fast and easy, and they even offer a mobile app for managing your line of credit. Kabbage is a great choice for businesses with less-than-perfect credit as they don’t have strict credit requirements.

3. Fundbox

Fundbox is an online lender that specializes in short-term loans and lines of credit for businesses with unpaid invoices. They offer loans of up to $100,000 with repayment terms of 12 or 24 weeks. Fundbox’s fast approval process and a focus on invoice financing make it a good option for small businesses struggling with cash flow and waiting for payment from clients.

4. OnDeck

OnDeck is a popular online lender that offers term loans and lines of credit for small businesses of up to $250,000 with fixed rates and repayment terms of up to 18 months. OnDeck has a fast and simple application process, with funding available in as little as 24 hours. They also offer ongoing access to capital, making it a great choice for businesses with fluctuating cash needs.

5. Fundera

Fundera is a lending marketplace that aggregates lending options from various lenders, allowing businesses to compare rates and terms and find the best fit for their needs. They offer a wide range of financing options, including SBA loans, term loans, and lines of credit. Fundera’s personal approach and focus on customer service make it an attractive choice for small businesses that value support throughout the lending process.

6. Lendio

Like Fundera, Lendio is a lending marketplace that connects small businesses with various lenders, making it easy to compare rates and terms and find funding options that fit their needs. They offer a range of loans and lines of credit, including SBA loans, term loans, and business lines of credit. Lendio’s focus on customer service and personalized approach makes it a great choice for small businesses that value support throughout the lending process.

7. National Funding

National Funding is an online lender that offers a range of financing options, including short-term loans, equipment financing, and merchant cash advances. They offer funding of up to $500,000 with flexible repayment terms and fast approval times. National Funding’s focus on flexibility makes it a good option for businesses with varying financing needs.

8. SmartBiz

SmartBiz is an online lender that specializes in SBA loans for small businesses. They offer loans of up to $5 million with repayment terms of up to 25 years, making it a great choice for businesses seeking large amounts of financing with long repayment terms. SmartBiz has a fast and easy application process and a focus on customer service, making it an attractive choice for businesses that want support throughout the lending process.

9. Celtic Bank

Celtic Bank is an SBA preferred lender that offers a range of SBA loans, including term loans, lines of credit, and equipment financing. They offer funding of up to $5 million with repayment terms of up to 25 years, making it a good option for small businesses seeking large amounts of financing with long repayment terms. Celtic Bank’s experienced loan officers and commitment to customer service make it a trusted choice for small businesses seeking SBA financing.

10. US Business Funding

US Business Funding is an online lender that offers a range of financing options, including term loans, lines of credit, and invoice factoring. They offer funding of up to $500,000 with flexible repayment terms and fast approval times. US Business Funding’s personal approach, commitment to customer service, and focus on flexibility make it a solid choice for small businesses seeking financing.

Conclusion

Securing financing for your small business can be a daunting task, but with the right lender, it can be a much smoother process. The companies listed above offer a range of financing options and have a track record of supporting small businesses. Be sure to explore all your options, compare rates and terms, and choose a lender that best fits your business’s unique needs.