Become business loan marketplace review

How much will this loan cost me?

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 and with terms from 6 to 120 months. Use the calculator below to see how much a loan might cost you at different rates, terms and amounts.

How it works

Your rates, terms and loan amounts vary depending on the lender. For example, that 7.5% rate might not be available on a loan. Generally, the most competitive deals go to businesses that have been around for at least three years with owners that have a credit score over 760.

If you apply for another type of financing product that Become’s partners offer, you might see different rates, terms and loan amounts. Some, like merchant cash advances, might come with a fee instead of interest.

What do I need to qualify?

Your business must meet one of the following criteria:

• Three 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.

What information do I need to sign up?

In order to sign up for Become and get matched, you’ll need to provide some basic information including:

• The amount you want to borrow
• Monthly revenue
• Credit score range
• Name and contact information
• Business and trade names

What industries does Become work with?

Become can help all legitimate for-profit businesses find funding. This includes high-risk industries that might have trouble qualifying for loans elsewhere.

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 with rates starting at 4.66% APR.
• 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.

Pros and cons

Using Become can be helpful if you’ve struggled to qualify for funding in the past. But weigh the benefits against the drawbacks first.

Compare more business loan providers

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Name	Product	Filter Values	Loan amount	APR	Requirements
First Down Funding business loans			$5,000 – $300,000	Fee Based	At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400	Alternative financing up to $300K with highly competitive rates.	Check eligibility More Info		loading Fetching your data...
Lendio business loans			$500 – $5,000,000	Starting at 6%	Operate business in US or Canada, have a business bank account, 560+ personal credit score	Submit one simple application to potentially get offers from a network of over 300 legit business lenders.	Check eligibility More Info		loading Fetching your data...
ROK Financial business loans			$10,000 – $5,000,000	Starting at 6%	Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales	A connection service for all types of businesses — even startups.	Check eligibility More Info		loading Fetching your data...
OnDeck small business loans			$5,000 – $250,000	As low as 9.99%	600+ personal credit score, 1 year in business, $100,000+ annual revenue	A leading online business lender offering flexible financing at competitive fixed rates.	Check eligibility More Info		loading Fetching your data...
Rapid Finance small business loans			$5,000 – $1,000,000	Fee based	Steady flow of credit card sales, bad credit OK	Check eligibility More Info		loading Fetching your data...
Fundbox business loans			$1,000 – $100,000	4.99	You must have an established business.	Get flat rate, short-term financing based on the financial health of your business, not your credit score.	Check eligibility More Info		loading Fetching your data...
Kickpay e-commerce business loans			$20,000 – $1,000,000	Not applicable	At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.	Get a loan for your e-commerce business based on your sales history.	Check eligibility More Info		loading Fetching your data...
LendingClub business loans			$5,000 – $500,000	12.15% to 29.97%	12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better	With loan terms that vary from 12 to 60 months, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.	Check eligibility More Info		loading Fetching your data...
Monevo business loans			$500 – $100,000	3.99% to 35.99%	Credit score of 500+, legal US resident and ages 18+.	Use this connection service to get paired with a loan you can use for business.	Check eligibility More Info		loading Fetching your data...

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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.

Become reviews and complaints

Become earns high ratings on its Trustpilot page, but the most recent praise is from 2018. So while it’s a good sign that Become responded to each comment individually, its lack of reviews on its BBB page and recent reviews on its Trustpilot page make it difficult to determine how good its service has been in 2019 and 2020.

How do I get connected?

Follow these steps to get connected with one of Become’s partner lenders.

1. Click the Check eligibility button on this page to be redirected to Become’s website.
2. Slide the bar to select a loan amount and click Get loan offers.
3. Follow the steps to answer basic questions about yourself and your business.
4. Fill out the loan form with your contact information and click Get offers now.

What happens after I fill out the form?

After you submit the form, 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 happens if I’m not connected?

If Become wasn’t able to connect you with a lender, you’ll be redirected to Become’s LendingScore dashboard. Here, you can get insight into the lending criteria and 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.

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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How do repayments work?

What happens next depends on your lender and type of financing. Most term loans come with monthly repayments, though lenders may require younger businesses or those with poor credit to make weekly or even daily repayments.

For less worry about on-time payments, ask your lender if you can sign up for automatic repayments. Monitor your business’s bank account and keep an eye on the loan balance for any irregularities. If you notice something wrong or have questions, contact your lender as soon as possible.

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

Frequently asked questions

• 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.

• What's the relationship between Become and Lending Express?

  Become changed its name from Lending Express in July 2019.