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Become business loan marketplace review

See if you qualify with this connection service's partner lenders — with options for startups and bad credit.

finder.com’s rating: 4.6 / 5.0

★★★★★

Bottom line: Formerly known as Lending Express, Become is a transparent, startup-friendly connection service with options for all credit types.

Details

Min. Amount$5,000
Max. Amount$500,000
Loan Term6 to 120 months
Min. Credit Score350
APRStarting from 7.5%
RequirementsAt least 3 months in business with $10,000 in monthly revenue or at least 6 months in business with $3,000 in monthly revenue.
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Pros

  • Low starting APR of 7.5%
  • Accepts credits cores as low as 350
  • Options for startups
  • Highly transparent compared to other connection services

Cons

  • Doesn’t disclose maximum rates and terms
  • Offers typically expensive products like factoring
  • Potential origination fees or prepayment penalties

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.

Business loan calculator

See how much you'll pay

Your loan
Loan amount
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Fill out the form and click on “Calculate” to see your
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You can expect to pay back
$
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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

Become reviews and complaints

BBB accredited No
BBB rating A+
Trustpilot Score 4.8 out of 5 stars, based on 545 customer reviews
Customer reviews verified as of 13 October 2020

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:

  • Fora Financial
  • Fundbox
  • Everlasting Capital
  • Headway Capital
  • Kapitus
  • Kalamata Capital Group
  • Logic Advance Group
  • OnDeck
  • Ready Capital

Ask an expert

Eden Amirav

CEO and co-founder of Become

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

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.

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Become is a connection service that partners with over 25 lenders offering unsecured business loans and more. It’s a fast way to compare offers from multiple providers — and you could be funded in as little as a few hours.

But it’s not a direct lender, and it’s difficult to know how your information will be used and shared before you apply. In many cases, this can mean you’ll get lots of unsolicited calls and emails. If you’d prefer to avoid this, consider applying with a direct lender instead.

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