Start-Up Business Loan Reviews
-
AppsFunder
Read Review Visit SiteAppsFunder is a crowdfunding site with an exclusive focus on apps and a particular means of conducting crowdfunding. Beware of the higher fees compared to those of the competition.
-
Avant
Read Review Visit SiteAvant is a lender that offers personal loans to qualified borrowers. Avant’s service is transparent, the application process is fast, and the customer service is responsive. It is ideal for startups but not suitable for large businesses.
-
Best Egg
Read Review Visit SiteBest Egg offers personal loans which can be used for business to qualified borrowers. It is best suited for entrepreneurs who need a small amount of money to start a business, provided they have strong personal creditworthiness and financials.
-
Capify
Read Review Visit SiteCapify is a merchant cash advance service and alternative lender. Capify specializes in providing working capital to businesses with poor credit but good cash flow. While Capify is a legitimate lender, they have expensive terms and fees and not suitable for seasonal businesses.
-
Crowdfunder
Read Review Visit SiteCrowdfunder is not a fundraising platform for personal causes, charities, or nonprofits. It is explicitly targeted at entrepreneurs and startups with high growth potential.
-
Discover Personal Loans
Read Review Visit SiteDiscover Personal Loans offers personal loans that can be used for funding a start-up business. Borrowers with good credit would do well to consider Discover Personal Loans as a source of funding for their business start-up. Be cautious about their high interest rates and stringent borrower qualifications.
-
Everest Business Funding
Read Review Visit SitePros Relaxed credit score requirements 2-7 days time to funding Cons High factor rates Some additional fees Overview Everest Business Funding is a Florida-based merchant cash advance (MCA) alternative funder serving small businesses. Like similar companies, it provides short-term capital for businesses that may have difficulty qualifying for traditional lending. Overall, Everest strikes me as a fairly […]
-
Forward Financing
Read Review Visit SiteForward Financing is an online funder that specializes in providing small businesses with capital on short notice, emphasizing technology, transparency, integrity, and speed. Their rates fall on the higher side. However, if your credit rating is limiting you to high-rate funders, and you absolutely need funding, Forward Financing maybe worth considering.
-
Fundable
Read Review Visit SiteFundable is less geared toward starry-eyed dreamers with wild ideas and more toward startups and companies with a solid plan of action. Fundable gives businesses the choice of launching either a rewards-based crowdfunding campaign (à la Kickstarter) or an equity-based campaign in which backers get a share of stock in the company in exchange for their backing.
-
FundRazr
Read Review Visit SitePros Excellent public reputation No platform fees (if you choose the free package) Nonprofit fundraising supported Can keep whatever you raise Cons Some support materials are dated The platform is less trafficked than major competitors Overview Born in the late 2000s (as crowdfunding began its meteoric rise to fit our capital-starved post-Great Recession era), FundRazr […]