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Bond Street business loans review’s rating: 4.37 / 5.0


Must read: Bond Street no longer accepting applications

Though it’s not stated on its website, Bond Street stopped taking applications in 2017. However, you can still fill out its online prequalification form and the provider will let you know once it begins accepting applications again.

Until then, you can compare other business loan options you can apply for today.


Min. Amount$10,000
Max. Amount$1,000,000
Loan Term12 to 36 months
Min. Credit Score640
APR8% to 25%
RequirementsUS citizen with credit score of at least 640, annual business revenue of at least $200,000, business must be at least 24 months old, business cannot be located in North Dakota, South Dakota, Nevada or Vermont.

What is Bond Street?

Bond Street was founded in 2013 by David Haber and was launched as a peer-to-peer lender in 2014 — an alternative to traditional lending options. Since its launch, it partnered with major investors including Jefferies LLC and Spark Capital. In early 2017, Jefferies bought Bond Street, and many of its employees moved on to investing giant Goldman Sachs.

What makes a Bond Street business loan unique?

Bond Street is an online lender that offers its borrowers a swift and simple application process and easy access to loan funds. It offers loans from $10,000 all the way up to $1 million to cover whatever level of funding your business needs. Loans can cover needs to open a new location or invest in inventory and equipment. In addition to quick funding, Bond Street’s rates compare well with other online lenders and it doesn’t charge additional fees for early loan repayment.

What are the benefits of a Bond Street business loan?

  • Quick application turnaround. The loan application process can take weeks to complete with traditional lenders. Bond Street can provide funding in as little as three to four business days, which enables you to take advantage of time-sensitive opportunities like purchasing on-sale inventory.
  • Reasonable rates. Bond Street’s APR range is on par with the top online loan providers, with rates between 8% and 25%.
  • No early repayment fee. Many lenders will charge you a fee for paying off your loan early. With Bond Street, you can repay your loan at any time without penalty.

What to watch out for

Bond Street’s swift process brings you one step closer to financing your business goals, but here are a few potential drawbacks to be aware of:

  • Strong credit required. Successful applicants with Bond Street need a personal credit score of at least 640.
  • Not for new business owners. Borrowers with this lender need to have been in business for a minimum of 2 years and have an annual revenue of at least $200,000.
  • Semi-monthly payments. Bond Street loans are repaid semi-monthly on the 1st and 16th of each month. If you prefer one simple, monthly payment, this borrower may not be for you.
  • Business collateral. Bond Street places a UCC-1 filing on your business when you take out a loan. This means your business is used as collateral to secure the loan. If you default on your loan, you risk your business assets and credit.
  • Origination fees. You’ll have to pay an origination fee of between 3% and 5% of the amount you borrow, which Bond Street factors into your loan’s APR.

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Am I eligible?

The fastest way for you to find out what loan products you could be eligible for with Bond Street is to visit its website and fill out the “Get Prequalified” questionnaire.

Here are the main points of eligibility Bond Street requires you to meet:

  • Time in business: 2+ years
  • Annual revenue: $200,000+
  • Personal credit score: 640+
  • Business cannot be located in: North Dakota, South Dakota, Nevada or Vermont.

How do I apply?

As of June 2018, it appears Bond Street isn’t currently funding loans. But you can still submit your application to prequalify. Here’s how:

  1. Go to Bond Street’s website and click Get Prequalified.
  2. Indicate how much money you’re interested in borrowing and when you need the funds delivered. Click Get Started.
  3. Enter your full name, email address, phone number, credit score range and indicate whether you’ve declared bankruptcy in the past seven years. Click Keep Going.
  4. Tell Bond Street more about your business. Submit the name of your company, your business ZIP code, how long your business has been operational, your business’s annual revenue and whether your business was profitable last year. Click Check.
  5. Since Bond Street is currently not accepting any new borrowers, that’s as far as you’ll get in the application process. However, once they begin taking applications again, they’ll get in touch with you to see if they can help with your financing needs.

Application screenshots

What documents do I need to apply?

Here’s the information you’ll need to complete your loan application with Bond Street:

  • Your full name and date of birth.
  • Your email address and phone number.
  • Your Social Security number.
  • Your personal annual income.
  • Your legal business name and address.
  • Your annual business revenue.
  • Your Employer Identification number (if you have one).
  • A debt schedule or balance sheet.
  • Income and cashflow statement.

I got the Bond Street business loan. Now what?

If you’ve been approved for a business loan through Bond Street, you’ll need to make sure you keep up with your loan repayment schedule. Remember that Bond Street loan repayments are withdrawn on the 1st and the 16th of each month. Make sure you don’t miss a payment. And with no prepayment fee, pay off the loan early if you can.

Bottom line

Traditional lenders often have long and convoluted application processes with slow processing times. Bond Street is an online alternative that offers access to business capital quickly and won’t make you jump through the hoops a big bank might.

But keep in mind that Bond Street has stricter eligibility criteria than many other online providers. If your business is new or if you haven’t quite hit the annual revenue targets Bond Street expects to see, you may need to look elsewhere for the financing your business needs.

As always, compare your options before deciding on a particular lender with our comprehensive guide to business loans.

Frequently asked questions about Bond Street

Business loan ratings

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

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

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.

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