
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com’s rating: 3.6 / 5.0
★★★★★
$75,000
Min. Amount
$500,000
Max. Amount
Product Name | Noble Funding BankLite long-term business loans |
---|---|
Min. Amount | $75,000 |
Max. Amount | $500,000 |
Min. Credit Score | 650 |
APR | Starting from 8.99% |
Requirements | 650+ credit score, 18+ months in business, positive net income for at least one of past two years, no past bankruptcies, no open state or federal tax liens |
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.
Noble Funding is a highly rated online lender whose long-term business loans might be best for a business paying off an expensive merchant cash advance. While it might not make your merchant cash advance less expensive — those come with built-in fees — it could reduce the daily burden on your business.
However, its turnaround time might be longer than other online lenders. And there’s a chance you’ll be borrowing from a partner, rather than Noble Funding. But its customers speak highly of their experience on sites like Trustpilot.
Not sure Noble Funding is right for you? Compare other business loan options below.
You and your business must meet the following criteria when applying for a Noble Funding business loan:
Noble Funding long-term business loans are one of a handful of products that are designed with merchant cash advance refinancing in mind — though you can use the funds for any legitimate purpose. With rates starting at 8.99% APR, it offers a competitive deal for an online business lender. While it doesn’t require collateral, you can choose to back your loan for a better rate.
BBB accredited | Yes |
---|---|
BBB rating | A+ |
Trustpilot Score | 4.9 out of 5 stars, based on 160 customer reviews |
Customer reviews verified as of | 12 October 2019 |
You can apply for a Noble Funding business loan through its website or by calling 800-916-3196.
Here’s how to get started online:
Nobel Funding doesn’t disclose the documents required for its long-term loans — and it likely varies depending on the applicant. But most business loan providers ask to see recent business and personal tax returns, as well as bank and financial statements. You might also need to provide your most recent statement from your merchant cash advance provider if you’re applying for refinancing.
After you submit your request, Noble Funding should reach out to you to go over your options and give you instructions on how to complete the application. Turnaround time on these loans is typically between two and three business days.
Noble Funding loans come with monthly payments which are based on your business’s cash flow. If your business can afford it, consider making extra repayments since this lender doesn’t charge a prepayment penalty. Reach out to customer service as soon as possible if you have any questions or concerns about your loan.
Want to know how Noble Funding compares to other lenders? Read our guide to business loans.
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.