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Updated Nov 20, 2023 Review

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Max Freedman, Business Operations Insider and Senior Analyst
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Editor Reviewed
This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision.

Table of Contents

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Editors Score:9.2/10 educates new business owners and first-time borrowers on loans while guiding them on how to choose a loan. This model makes it especially easy to compare loan categories or specific loan products.
Plus Sign Pros
  • The application is simple and quick.
  • offers abundant informational resources for choosing the right loan and educating you on your options.
  • tries to work with everyone who applies, including borrowers who might not meet specific qualifications.
Minus Sign Cons
  • For some loans, the time between applying for a loan and receiving your funding is one week. This is long compared to some competitors we reviewed.
  • Many loans require collateral.
  • The website isn't the most transparent about loan terms and customer service.

Looking for more options?

For more options, check out the rest of Business News Daily's picks for The Best Business Loans for 2024.

  • Lenders like connect borrowers with several third-party loan options instead of administering loans in-house.
  • com introduces lenders to potential loan options and guides them through the lending process, helping them select the best loan product available.
  • com is our choice for the best lender for comparing loan options because it’s constantly improving its recommendations and aims to find a loan for every applicant. 
  • This review is for small business owners considering applying for a loan from 

Not all business owners seeking loans are familiar with how loans work. They might not yet understand what separates a line of credit from a term loan or know when each option is best for their needs. caters to this set of borrowers while offering options for nearly any business that needs funding. This, combined with educational resources for choosing the right loan, makes our top pick for comparing loan options. Editor's Rating:

9.2 / 10

Online application
Quick funding
Credit requirements
Variety of loan types

Why Is Best for Comparing Loan Options uses roughly a dozen of your most basic data points to recommend high-quality loans that could work for your business. These data points are all you need to get started, and will educate you on the rest. The company’s website includes 101-level information on four key business loan categories — all of which it offers. Beyond that, the brand’s in-depth guides can introduce you to each loan type in greater depth and help you choose the right loan. also collects information from each of the roughly three dozen lenders in its network on why it approves or denies loans. It does this for every loan decision. This dovetails with’s mission to find loans for everyone who fills out an application, even if they fall short of specific qualification criteria. is an easy way to compare and learn about loans with expert help. It’s also a system that’s improving its recommendations constantly. The company’s online resources and concierge-style assistance in choosing the best available loan options can guide any borrower toward the right decision. For these reasons and more, is our choice for the best lender for comparing loan options. 

Did You Know?Did you know can educate you on the common business loan mistakes that may be holding you back from securing a business loan. loan type explainations educates borrowers on various loan types. Source:

Borrowing Costs’s borrowing costs depend on the specific loan and lender. We like that the company is willing to work with virtually any borrower. However — as is often the case — low-credit borrowers may pay higher interest rates. It is unclear if certain lenders within the network charge additional costs, including documentation and origination fees. Information on prepayment penalties — or a lack thereof — is also scarce.

Once you sign up for a loan, you’ll arrange a repayment plan with your lender. You’ll have monthly payments for short-term and long-term loans. Lines of credit work differently. You’ll pay interest only on the funding you use; your repayment schedule may require more frequent payments than monthly. Merchant cash advances (MCAs) will require payment directly from your credit card sales or incoming cash, with exact terms varying by lender.

Applying for a Loan makes applying for a loan and comparing your options easier than any other lender we reviewed. We like its simple online loan application that takes no more than three minutes to complete. 

You’ll provide information on approximately a dozen data points the service uses to find the right lender. This data includes your business’s legal structure, target loan amount, how you’ll use the loan proceeds, time in business, annual revenue and credit score range. 

While some minimum thresholds exist, a representative told us the company tries to work with every borrower who completes its application. Thus, it may be worth applying even if you don’t match these criteria:

  • Minimum annual income:com’s minimum annual income threshold is $100,000, which is relatively low. 
  • Minimum time in business: The minimum time in business can be as low as one month for some loans but is often six months. 
  • Minimum credit score: We like that there’s no minimum credit score requirement to apply for loans through This is a rarity in the business lending space. Most of our top business lender picks set a credit score minimum, even when the requirements are lenient. 

The algorithm will match you with lending partners that best fit your needs. The company works with more than 35 lenders, so your likelihood of finding a lender is high. Lending company representatives will contact you after the application process to help you apply for their loans. 

This lender-matching model is similar to two other services we reviewed and liked: Noble Funding and Biz2Credit. However, there are some notable differences:

  • Noble Funding: Noble Funding’s service is similar to However, its annual revenue threshold is orders of magnitude higher, blocking new business owners and many first-time borrowers from working with this lender. Read our Noble Funding review to learn more about this loan marketplace.
  • Biz2Credit. Biz2Credit is also geared toward business owners who are already familiar with loans. This may not be true of newer business owners or those starting a business. Read our Biz2Credit review for more information about this lender. 

We appreciate that uses its extensive network to make business lending work for about any customer.

Did You Know?Did you know
Unlike getting a business loan from a bank directly, you don't have the opportunity to negotiate the business loan when working with a loan marketplace like application process

The application process is straightforward and involves only easy questions. Source:

Loan Types offers four major loan product categories. We like that the service offers four major categories instead of only one or two, along with less familiar alternative products, as many competitors do:

  • Short-term loans: Use short-term loans for inventory, marketing, equipment and working capital.
  • Long-term loans: Long-term loans may have fixed or variable rates. They may also require business collateral, which isn’t the case with competitor SBG Funding’s long-term options. (Read our SBG Funding review to learn why this lender is our top pick for flexibility.)
  • Lines of credit: With this type of loan, you can borrow as much money (up to a fixed maximum) as you need, as often as you need. You’ll pay interest only on the funds you use.
  • MCA: MCA funding lacks repayment periods and schedules. Instead, you’ll regularly send the lender a set percentage of your incoming cash or credit card sales. Notably, this type of funding might not require a personal guarantee if you obtain it through

Loan Terms

Most short-term loans through come with repayment periods of one to three years. Long-term loans typically come with five- to 10-year repayment periods, though occasionally, the repayment period can be 20 years.

It’s unclear how long repayment periods are for lines of credit or MCAs. The company’s website doesn’t mention this and other loan contract terms, perhaps due to the “matchmaker” model involving more than 35 lenders. This is disappointing but not a deal-breaker, as the company has a strong reputation for transparency after you apply.

Here is some information on various loan terms:

  • Loan amounts: Regarding loan amounts, a representative told us that loan sizes range from $5,000 to $3 million. We were also told the company can occasionally find lenders that offer even more funding.
  • Collateral and guarantees: Whether you’ll need to put up collateral or sign a personal guarantee depends on the lender. There’s a good chance you’ll need to provide a personal guarantee unless you obtain an MCA. 
  • Repayment terms: Similarly, your exact repayment periods, repayment schedules and interest rates will vary by lender. A representative told us that its credit line interest rates start at 3.5% and its term loan rates start at 9%.
  • Loan timeline: Your timeline from application to funding will also vary by lender. This period may range from 24 hours to one week. The low end of this range is the same as with other lenders. However, the high end is significantly longer than with many competitors we reviewed. For example, Fora Financial’s funding timeline is 24 to 48 hours. That said, for business owners who aren’t familiar with loans, a slower decision-making approach can lead to smarter choices.
Looking for short-term loans without the need for a personal guarantee? Read our Fora Financial review to learn why this lender is our top pick for short-term loans.

Helpful Tips doesn’t explicitly explain the paperwork and documentation you must provide to obtain funding. This is because requirements vary by lender. However, you can safely assume most lenders will ask for several recent business bank statements, tax returns and additional paperwork proving your business ownership. A business plan may also be necessary. offers several guides to common types of term loans and reading these guides is a great way to further compare your choices. The blog can also be a useful resource, though new articles are added infrequently and sporadically. 

checklist that says excellent, good, average, and poor

The blog includes helpful articles on business loan approval and other aspects of business lending. Source: Features

Simple application

You can fill out the application in about 3 minutes with your basic information.

Variety of loan types

Obtain short-term loans, long-term loans, lines of credit and MCAs through

Likely approval tries to match you with a loan even if you don’t meet key qualification criteria.

Simple Application

The dozen or so data points you must provide for the application are things you’ll likely know offhand. You’ll need no more than three minutes to complete and submit the form. This speed is ever so slightly faster than with many other business loan providers we reviewed.

Variety of Loan Types

You can obtain loan products within four major categories through

  • Short-term loans
  • Long-term loans
  • Lines of credit
  • MCAs

Not every top lender offers all these widely sought-after loan types, making a great pick for nearly any borrower. A company representative told us that 55% of borrowers whom funds return for a second loan.

Likely Approval does its best to match every applicant with funding that works for them. In conversations with the company, it was clear that there’s wiggle room with the minimum annual revenue and time-in-business requirements.

On top of that, requires that the lenders in its network share their reasoning for approving or denying borrowers every time. With this information, the algorithm can make better matching decisions. Key criteria the lenders must share include the reason for declining loans, the amount and rate for approved loans and whether the borrower obtained funding. funding offers aims to match every applicant with funding. Source: Customer Service

Unlike most lenders we reviewed, lacks a clear customer service phone number and email address. It also lacks clear information on its customer service operating hours. While we were tempted to ascribe this to’s borrower-lender matching model, Biz2Credit operates on a similar model and lists its contact information clearly.

However, there are plenty of indicators that provides excellent customer service. For starters, the company’s Trustpilot rating is 4.8 out of 5 stars across more than 10 reviews. Although this number of reviews may seem low compared to Biz2Credit’s roughly 15,000 reviews, has been in business only since 2020. Additionally, 97% of’s reviews are five-star reviews and 2% are four-star reviews.

Furthermore, obtained Better Business Bureau (BBB) accreditation in May 2022. Its BBB rating is an A, which is on par with the A+ the BBB has given to Noble Funding, SBG Funding and Fora Financial. This rating is impressive for a company that’s been in existence only since 2020. It’s also superior to Biz2Credit, which has a B+ rating with the BBB and some negative reviews. online resources features online resources, including guides to various business loan types. Source: Drawbacks

There’s much to like about However, we identified the following drawbacks: 

  • Potentially longer loan funding time: The most obvious drawback to using is that you may have to wait a week to obtain your loan funding. Many of our other top business lender picks can deliver funding within one to three days. That said, can fund your loan within 24 hours as can other lenders. It’s the high end of its funding timeline range that we found to be a drawback.
  • Collateral and guarantees may be needed: Additionally, loans often require collateral, which isn’t true of some of our other best picks for business lenders. This may pose roadblocks for borrowers lacking the assets to secure a high-value loan. Personal guarantees may also be required, although perhaps not for MCAs.
  • Not as much information upfront: If you’re looking for information about your loan before — not only after — you apply for it, might not be the lender for you. The company’s website doesn’t state its loan amounts and interest rates. Additionally, information about’s loan terms is available for short- and long-term loans only. However, you’ll get most of the information you need after you apply and the company’s strong customer reviews and BBB accreditation indicate transparency.


When evaluating the best business loans, we researched multiple lenders offering various loan types and assessed borrowing costs, the application process, approval figures, customer service and more. During our evaluation process, we compared to multiple competitors that also fund loans through third parties. We assessed their target audiences, tools and personalized services for comparing and contrasting loan options. FAQs is a borrower-lender matching service launched in 2020. It is a joint effort among a group of investors, entrepreneurs and bankers to create a lending experience that prioritizes the borrower over the lender.
No. is not a direct lender. Instead, it works with more than 35 third-party lenders to match borrowers with the loans best for them.
Yes. is legitimate. It has an A rating from the BBB as well as accreditation and its hundreds of Trustpilot reviews are highly positive.

Overall Value

We recommend for …

  • Business owners who need funding but lack familiarity with business lending terminology and processes.
  • Business owners who need a quick loan application with the potential for similarly quick funding.
  • Business owners struggling to qualify for loans from other lenders.

We don’t recommend for …

  • Business owners who don’t want to put up collateral to obtain a loan.
  • Business owners who need a guarantee that their funding will arrive within well under a week.
  • Business owners who like to read over loan terms, amounts and rates on a lender’s website before working with it.
author image
Max Freedman, Business Operations Insider and Senior Analyst
Max Freedman has spent nearly a decade providing entrepreneurs and business operators with actionable advice they can use to launch and grow their businesses. Max has direct experience helping run a small business, performs hands-on reviews and has real-world experience with the categories he covers, such as accounting software and digital payroll solutions, as well as leading small business lenders and employee retirement providers. Max has written hundreds of articles for Business News Daily on a range of valuable topics, including small business funding, time and attendance, marketing and human resources.

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For more options, check out the rest of Business News Daily's picks for The Best Business Loans for 2024.

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