Creditfy
Creditfy offers multiple business loans, including term loans, equipment financing and SBA loans. It states it has a 90 percent loan approval rating, which could help many small business owners who struggle to qualify for loans.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Sarah George is a freelance writer who loves helping small business owners understand the complexities of getting a business loan. She believes that effective financial and debt management opens doors for small businesses to thrive in a changing economy.
Over the last four years, Sarah has written hundreds of articles about banking, insurance and general finance. While writing in these spaces, she made it her goal to point out privacy concerns and protections for banking products aimed at children. She also loved highlighting the nuances of insurance coverage so that the average consumer could understand what circumstances qualified for an insurance claim.
Sarah has been featured in various publications, including CBS, CNET, Nasdaq and Finder. She holds an English Education degree from Pensacola Christian College and is a Certified Educator in Personal Finance. In her downtime, Sarah enjoys hiking, disc golf and playing board games with friends and family.
A business loan is an essential tool for growth or covering cash flow gaps. There’s no one-size-fits-all option, and some types of loans can be used for the same purpose as another. Business term loans can be used to expand, buy equipment or nearly any other defined purpose. Business lines of credit are great for recurring needs like everyday expenses, and they tend to have loose requirements to qualify. But bad credit borrowers have options too, as long as they find the right lender and show they can repay the loan.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Creditfy offers multiple business loans, including term loans, equipment financing and SBA loans. It states it has a 90 percent loan approval rating, which could help many small business owners who struggle to qualify for loans.
eCapital focuses on alternative business financing for small and medium-sized businesses. Its main products include asset-based financing and several types of accounts receivable financing.
Backd is an online lender that offers fast, short-term loans to business owners with a credit score of 600 and above. Our Backd small business loans review has all the details.
Fundible uses in-house financing and a network of partners with a goal to help small businesses that often get denied with traditional banks. Check out our Fundible small business loans review to learn more.
Creating a small business budget is a key part of managing your business’s finances.
Options like microloans, business credit cards or crowdfunding can help.
Here are some of the best merchant cash advances to consider for your small business.
Lendio and Credibly are two similar lenders that offer small business loans to a variety of borrowers.