Monday, August 18, 2014

Online Loans – Reviews Of The Top Providers

Notable Offers
  • Swift Capital offers a price match to its borrowers. If you find a better price for a comparable loan within 30 days of being approved by Swift Capital, the company will do a “price match”
  • Lending Club’s Access Loans program offers business owners a better chance of being funded at a higher APR. Borrower criteria is broader and interest rates range from from 23.96% to 35.99%, with interest rates between 23.96% and 31.91% and origination fees up to 5%.


User Reviews

Lending Club

The San Francisco-based lending marketplace was founded by Renaud Laplanche in 2007, and specializes in providing short-term personal loans to individuals who may not want to secure a traditional bank loan. Lending Club connects borrowers to individual investors, various organizations and financial institutions by providing loan cases with listings in which others can invest for a high-yield return. Lending Club has issued more than $4 billion in personal loans since in the last few years. The company launched its small business division in April 2014.
View Lending Club User Reviews


Kabbage is an Atlanta-based funding platform whereby small businesses can secure a business line of credit. Kabbage uses the power of the cloud to assess the viability of a business. A borrower’s online social rank, web reviews and sales receipts play a huge role in the company’s loan application process. Kabbage allows borrowers to borrow only what they need at any given time and pay back the loans on a monthly basis. Kabbage was founded in 2009.
View Kabbage User Reviews


OnDeck (previously On Deck Capital) caters to small businesses with short-term, fixed business loans that borrowers can access and pay back in as little as three months. The New York-based company first launched in 2006 and has since landed on Forbes list of the 100 Most Promising Companies.
View On Deck User Reviews


Perhaps best known for leading the crowdfunding revolution, Kickstarter is a funding platform for creative businesses to gain financial support from regular people. The Brooklyn-based companies has 81 employees and has helped fund more than 65,000 projects since it first launched in 2009.
View Kickstarter User Reviews

Swift Capital

Funding in about an hour – that’s Swift Capital’s promise. The Delaware-based lender launched in 2006 to provide small businesses with short-term loans in amounts as low as $5,000. Swift Capital (not to be confused with Swift Financial) says it approves funds on up to 80% of the loans applications it receives.
View Swift Capital User Reviews


Founded in 2007, Biz2Credit is a credit marketplace that connects borrowers to a network of more than 1300 lenders. Biz2Credit works with borrowers to help them package their small businesses before presenting to the lender. Borrowers can take advantage of the company’s business plan assistance and hopefully, grab the attention of lenders. Biz2Credit offers a catalog of loan products for under-served populations including women, minorities and veterans.
View Biz2Credit Reviews


National Funding

National Funding offers small business loans, merchant cash advances, merchant credit card processing and equipment leasing to qualified small businesses. Headquartered in San Diego, CA, National Funding was founded in 1999.

View National Funding User Reviews

In addition to the user reviews above, Fit Small Business recently compared Kabbage, On Deck Capital, Paypal Working Capital, and Lending Club. We chose On Deck Capital as the best provider of working capital to small businesses.
Read The Fit Small Business Review – Date 11/20/13

Have you ever applied for an online business loan? Would you?

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