Tiger Funding business loans review
Get connected with multiple lenders — without having to meet a minimum credit score.
- Best for business owners looking to compare several funding options without taking a credit hit.
- Pick something else if you've been in business for less than six months.
Rhys Subitch is a writer and editor at Finder who tackles topics across the site. With half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info on all things finance.
Tiger Funding gives you access to four types of financing with one application. Depending on your business needs, you’ll be matched with one or more lenders. And the best part is your credit won’t take a hit when you sign up. Outside of business loans, you can access business credit, invoice factoring or merchant cash advances.
But while Tiger Funding doesn’t check your credit when you’re matched with a lender, the lender you apply with may require a hard credit pull to approve your business. And if you’re a startup with less than six months in business, or you can’t meet the strict revenue requirements, you won’t qualify. Plus, if you want to get more information on rates and terms before applying, you probably won’t be able to. The representative we spoke to couldn’t give us details about the financing on offer.
To get a better idea of the types of lenders your business might qualify with, compare your options before signing up.
First, do I qualify?
While there's no minimum credit score, to sign up with Tiger Funding you and your business will need to meet a few requirements.
- Established for at least 6 months
- Minimum revenue of $5,000 for the past three months or at least $60,000 annually
- An active business bank account
- At least 18 years old
What makes Tiger Funding unique?
You can compare several types of business financing options with one form using Tiger Funding. It's also been around since 2014, so it's had time to refine its matching algorithm. That means it may be easier to find your perfect match for funds from $3,000 to $1 million.
With no credit check, it makes it easy to get a good scope of what you could potentially borrow without your score taking a hit. And you can get matched with more than just business loans — credit, merchant cash advances and invoice factoring are also available.
Pros and cons
Before pouncing on Tiger Funding, weight the benefits and drawbacks to decide if it's right for your business.
- Online form that should take less than 10 minutes to fill out
- Same-day funding available
- No hard credit check to be matched with a lender
- Lack of transparency around which lenders it works with
- No information on the website about most rates and terms
- Possible daily repayments
See other business loan options
Want to compare your options before signing up? Enter in information about your business to take a look at even more lenders.
How do I sign up?
Sign up in less than 10 minutes with Tiger Funding's quick online form.
- Go to the Tiger Funding website.
- Click Apply now.
- Select whether you own a business, then enter your name and contact information. Click Get started.
- Follow the prompts and fill out the ownership, business and personal information. Including your Social Security number or employee identification number and federal tax identification number.
- Upload your business bank statements and submit the information.
What documents do I need to sign up?
Signing up doesn't take too much in the way of documents. You'll just want to have business bank statements for at least the past three months ready to upload.
How do repayments work?
Since Tiger Funding isn't a direct lender, you won't make your repayments to it. Instead, your repayments will go through the lender you end up applying with. Research the lender's website ahead of time or check your loan agreement to see how repayments will work.
Consider signing up for autopay if it’s an option. Having your payments withdrawn automatically gives you one less thing to think about and can help you avoid late fees. But keep an eye on your bank balance, and if you see anything off get ahold of your lender as soon as possible.Want to compare other lenders before deciding on a business loan? Check out our guide to business loans where you can weigh all of your options.