Become business loan marketplace review

Become rates, fees and terms

Become’s partners offer unsecured business loans starting at 7.5% APR. This might include an origination fee, depending on the lender.

You can borrow between $5,000 and $500,000 with terms from three to 36 months. Use the calculator below to see how much a loan might cost you at different rates, terms and amounts.

How Become compares to similar services

See how Become holds up to other online connection services for small businesses.

★★★★★

Finder Rating: 4.65 / 5

Check eligibility
Loan amount $5,000 to $500,000
APR Starting at 7.5%
Loan term 6 to 120 months
Requirements At least 3 months in business with $10,000 in monthly revenue or at least 6 months in business with $3,000 in monthly revenue.

★★★★★

Finder Rating: 4.75 / 5

Check eligibility
Loan amount $500 to $5,000,000
APR Starting at 6%
Loan term 12 to 300 months
Requirements Operate business in US or Canada, have a business bank account, 560+ personal credit score

★★★★★

Finder Rating: 4.7 / 5

Find out more
Loan amount $10,000 to $5,000,000
APR Starting at 6%
Loan term 6 to 120 months
Requirements Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales

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Become reviews and complaints

The main drawing point reported by customers is how fast and straightforward it is to get connected with lenders. And several reviews mention they had a hard time getting funding for their businesses in the past.

Many also state they’re pleased with the quality of customer service — with one customer writing they couldn’t “get enough of the staff.” Another good sign of solid support: Become individually responds to all of its Trustpilot reviews.

How to qualify

Your business must meet one of the following criteria:

• Four months old with $10,000 in monthly revenue
• Six months old with $3,000 in monthly revenue

You may need to meet additional requirements, depending on the lender you work with. Become works with credit scores as low as 350.

How it works

You can get started by filling out a quick form on Become's website. After you submit it, Become provides potential offers from lenders in its network — including rates and terms.

Choose an offer you’re interested in to get contacted by the lender and complete the full application. If approved, review the terms of the contract and sign the loan documents if you wish to accept the offer.

What sets it apart

Become is one of the few connection service that spells out how it works on its website. And it's also one of the few that will help you improve your odds of approval if you didn't get connected the first time around.

If you don't seem like a match, you can use its LendingScore dashboard to get insight into the lending criteria. It also provides step-by-step instructions to improve specific areas of your application to help you qualify for funding in the future. Once you do become eligible and there’s a match with a lender, Become will get in touch with you.

Which lenders does Become partner with?

Become works with a network of over 50 providers that include the following lenders:

Ask an expert

Eden Amirav

CEO and co-founder of Become

What advice would you give a business owner to strengthen their loan application?

The more data the lender has, the better your odds of getting approved for a loan and the better your loan terms will be. Provide as much accurate information as possible.

Many online lenders even offer the option to connect your bank account or accounting software to your loan application, which gives lenders the most accurate, up-to-date indicators of your business’s health, resulting in the best loan offers for your business.

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What other types of financing can I find through Become?

In addition to unsecured business loans, Become’s partners also offer the following types of financing:

• Commercial vehicle loans. Funding to buy a vehicle for your business with terms up to 10 years.
• Asset-based loans. A loan backed with business assets to help you qualify for more competitive rates and terms.
• SBA loans. Government-backed loans with low rates for established businesses with good credit.
• Lines of credit. Secured and unsecured credit lines for flexible financing.
• Equipment loans. Financing backed by your equipment with terms up to 10 years.
• Merchant cash advances. An advance on your business’s future sales that you repay plus a flat fee with a percentage of daily sales. Terms start at four months.
• Invoice factoring. Become partners with Fundbox, BlueVine and LoanMe to offer advances on invoices from other businesses.

Is Become legit?

Yes, Become is a legitimate connection service — but it doesn’t offer loans itself. It uses SSL encryption to protect the information you submit online through its website. And you can find out how it uses your personal information by reading its privacy policy.

But you won’t know where it’s sending your information — or what those companies are doing to protect it — until after you get connected.

Read our guide to business loans to find out how Become compares to other providers.

Frequently asked questions

Get answers to questions business owners often have about Become.

Does completing the form affect my credit score?

No. Become conducts a soft pull of your credit to provide an estimate of your rates, terms and loan amounts. Only by continuing your application will a lender conduct a hard credit check that temporarily lowers your score. And it asks for your permission first.

Do I repay my loan through Become?

No. Your business repays its loan through whichever lender it chooses to apply with. Your direct lender also handles questions about your loan.

Are there any restrictions on how my business can use loan funds?

No — as long as it’s for business use. Your lenders may not allow you to use a term loan to buy commercial real estate, however.