Reliant Funding small business loans review
Reliant Funding short-term business loans isn't available on Finder right now.
- Min. Amount
- $2,000
- Max. Amount
- $2,000,000
Our verdict
Quick cash for growing businesses with fair credit and 3+ months in business.
Reliant Funding offers fast financing with lenient eligibility requirements to business owners who struggle to qualify for traditional business loans. But it's not up front about its rates and fees, and you need to apply first to see how much it will cost you.
Best for: Small businesses with poor to fair credit in need of fast funding.
Pros
-
Accepts credit scores starting at 500
-
Typically receive funds within 24 hours
-
Only 3 months in business required
Cons
-
Doesn't openly disclose rates and fees
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Previous legal action against it
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Must speak to an account advisor to complete application
Is Reliant Funding legit?
Yes, Reliant is a legit online lender. Its website is encrypted to help protect your data, and its privacy policy explains what personal and business information is collected and how that information is used. Since 2008, it has funded more than $3 billion in loans to 30,000 small businesses across the country.
However, the government filed legal action against Reliant Funding in May 2021. Reliant settled allegations that it failed to submit a mandatory annual report with the Department of Financial Protection and Innovation and paid a fine.
What makes Reliant Funding shine?
Reliant Funding sets itself apart from the competition by how fast it provides funding. Businesses can see approval in just a few hours and receive their funds the next business day.
This lender prides itself on dedicated service, and customers tend to agree. Many reviews highlight Reliant’s account managers, usually thanking them by name and stating how quickly and often they communicated throughout the funding process.
Reliant also has relatively lenient eligibility. Your business only needs to be around for three months and have a monthly revenue of $6,000, while other lenders may require a year in business and a minimum of $10K in revenue. And while some lenders only work with good or excellent credit scores, Reliant considers scores as low as 500.
Where Reliant Funding falls short
Reliant lacks transparency. Interest rates and fees aren’t listed on Reliant Funding’s website — you must submit an application before you can review the full terms. And while Reliant has a startup financing program, companies must have at least three months in business, which disqualifies brand-new businesses in need of startup capital.
In the past, Reliant Funding attempted to connect with new customers by sending unsolicited credit cards with no value and without confirmation that the business qualified for funding. Also, the government took legal action against Reliant in 2021 for failing to submit mandatory paperwork for review. If these shortfalls make you question whether Reliant Funding is the best option, check out other top business loans to compare your options.
Reliant Funding loan details
| Loan amount | $2,000 to $2 million |
| Loan term | 2 to 24 months |
| Factor rate | 1.2 to 1.5 |
| Min. Credit Score | 500 |
| Turnaround time | Could be as soon as the same day but is typically the next business day |
| Requirements | 3 months in business, $6,000+ monthly revenue, business bank account, no active bankruptcies |
| Availability | Available in all states |
| Fees | Origination fee and NSF fees may apply |
Reliant Funding contact information
| Phone number | 855-604-6113 |
| Customer service hours | 9:00 a.m. – 6:00 p.m. ET |
| info@reliantfunding.com | |
| X, formerly Twitter | @ReliantFunding |
| @ReliantFunding |
How to qualify for Reliant Funding
To qualify for business financing from Reliant Funding, you need to meet the following criteria:
- Be in business for at least 3 months.
- Have at least $6,000 in monthly revenue.
- Have a FICO credit score of 500 or higher as the primary business owner.
- Have a business bank account.
- Not be in active bankruptcy.
How to apply
To apply, verify that you meet Reliant Funding’s eligibility requirements. Then, begin the application online in four steps:
- Visit the Reliant Funding website and select Apply Now.
- Answer questions about your company, like how many years you’ve been in business and your gross annual sales.
- Enter your name, business name and contact details.
- Submit application.
After you submit your application, you should hear from an account manager within a few hours to discuss your loan options and complete the application. If approved, you could receive funds within 24 hours.
How Reliant Funding compares to other lenders
Compare other products
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How we picked theseWhat is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Reliant Funding reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1 out of 5 stars, based on 9 customer reviews |
| Trustpilot Score | 4.3 out of 5 stars, based on 1,433 customer reviews |
| Customer reviews verified as of | 04 April 2025 |
Reliant Funding gets mostly positive reviews on Trustpilot. Many say they are happy with the helpful staff and easy application process, often thanking their customer service rep by name. The majority of complaints on the site are regarding slow or missing funding.
There are very few reviews on the Better Business Bureau website, and all give the company a single star. However, none of the reviews seem to be from past customers. Instead, they’re from people complaining about receiving unsolicited marketing materials.
What do people on Reddit say?
On the other post, the comments were pretty vague — just advising the Redditor that lenders like Reliant Funding often charge higher rates. None of the comments were from past customers who had direct knowledge of the company and its offerings.
Frequently asked questions
What is Reliant Funding?
Reliant Funding is an online lender that specializes in merchant cash advances.
How does Reliant Funding work?
You start the application process online by providing basic information about your business. Then, an Account Manager contacts you to discuss loan options and finalize the application. If you’re approved, you can receive funds in as little as 24 hours. Repayment is typically made through daily or weekly payments.
Is Reliant Funding a direct lender?
Yes, Reliant Funding is a financial company that makes direct loans to small and medium-sized businesses.
Your reviews
Christi Finder
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