National Business Capital vs. Lendio
Both Lendio and National Business Capital are loan marketplaces with substantial networks of over 75 lending partners. With either marketplace, you can get business term loans, lines of credit, equipment financing, SBA loans and revenue-based financing.
But Lendio partners offer lower loan sizes than National Business Capital partners. For example, a line of credit through Lendio offers borrowing amounts of $1,000 to $500,000, and revenue-based cash advances go from $5,000 to $2 million. Its small borrowing amounts make the loans accessible to startups and small businesses like sole proprietors and limited liability companies (LLCs).
On the other hand, some loans through NBC offer higher loan sizes. A line of credit ranges from $25,000 to $5 million, term loans range from $10,000 to $10 million and revenue-based financing goes up to $5 million.
The types of loans you’ll qualify for through each marketplace can vary based on your credit. For example, term loans through Lendio require a personal credit score of 680, lines of credit a score of 560 and SBA loans at least a score of 600. With National Business Capital, you’ll need a score of 580 for term loans, 600 for lines of credit and 685 for SBA loans.
National Business Capital vs. BusinessLoans.com
Like NBC, BusinessLoans.com is also a lending marketplace offering term loans, lines of credit and merchant cash advances. BusinessLoans.com doesn’t give many details about its lending partners, like the number of partners or brand names. Through its partners, it offers wide-ranging loan sizes as low as $200 all the way up to $3 million, depending on the loan.
BusinessLoans.com also doesn’t list a minimum credit score, revenue or time in business. You’re most likely to get approved with at least six months in business, a personal credit score of 600 and $100,000 in annual revenue.
With National Business Capital, you can get the same business loans and more, such as equipment financing, revenue-based financing and SBA loans. Loans through its partners don’t go quite as low. Its loans start at a $40,000 and go up to $10 million, according to a representative. While NBC lenders can approve higher amounts than BusinessLoans.com, it’s unusual to find any business loans online reaching into the millions of dollars.
NBC lenders can accept personal credit scores lower than the recommended for BusinessLoans.com — as low as 500 — though it depends on the loan. But NBC requires a substantially higher revenue stream around $480,000 per year.
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data points collected
To select the top small business lenders, Bankrate considers more than 20 factors. These factors include loan amounts, approval and funding times, credit requirements, APR or factor rate ranges, fees, and easy-to-find rate and fee disclosures. Bankrate reviewed more than 30 lenders and gave each a rating, which consists of five categories:
- Accessibility: Factors considered in this category include minimum loan amounts, approval and funding speed, minimum annual revenue and minimum credit score.
- Affordability: This section measures interest or factor rates and fees.
- Transparency: How easy it is to find important rates, fees and eligibility requirements are considered in this category.
- Customer experience: Customer service hours, online applications and app availability are considered in this category.
- Flexibility: This category considers factors like the number of loan products and ability to change payment due date.
Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.
