Best 6 Business Financing Services

OnDeck is a business loans lender that excels in terms of fast loans, loyalty and a ton prepayment benefits. It gets better when you already have a similar render, as OnDeck automatically waives any remaining interest rates if you take a new business loan. The best part, you also get a 0% original fee.

The prepayment benefits you get from OnDeck enable you to clear unpaid loans in full. You’ll also have all underlying interests waived without extra costs. However, there’s a catch, OnDeck retains the right to seize all business assets. OnDeck also demands that you sign a personal consent that lets them go after your personal assets if you don’t clear your loans as per set-policy.

Rapid Finance is a tech-powered financial service that offers business loans to small and medium-sized business in the US. The service provides fast funding at competitive rates and flexible terms. Case in point, if you’re to qualify for a loan, Rapid Finance requires a credit score of at least 550, $50,000 annual revenue and up to 2 years of active operations. Furthermore, the company gives merchant cash advances starting from $5,000 to $500,000 and approves your loan application in 1 business day.

We also learnt that Rapid Finance assigns you an expert advisor to help you select the best financial options from their products array. There’s also a user-friendly client portal that you can access around the clock. Thankfully, you can easily upload your business documents, view payment details and review funding options.

Credible is another excellent online marketplace for loan lenders with competitive, and tailored loan offers. The online platform stands out with its real-time vetting of all loan lenders listed on its site – at zero cost. As such, you can trust Credible as the best platform to compare various loan lenders for your business. Best part, once you pass a streamlined pre-qualification process, Credible will recommend a list of loan lenders with rates seamlessly.

Credible also provides educative material on lending and borrowing subjects. The company’s vast knowledge base plays a major role to its superiority against its competitors.