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finder.com’s rating: 4.26 / 5.0
★★★★★
This working capital lender could be a good option for online businesses trying to expand or cover day-to-day costs. Rates start low and you don’t necessarily need perfect credit to qualify. However, funding isn’t available to startups or businesses that move around a lot.
Min. Amount | $10,000 |
---|---|
Max. Amount | $2,000,000 |
Loan Term | 3 to 120 months |
APR | Starting from 3.5% |
Requirements | Internet-based business, located in same office for 1+ years, 3+ months of bank statements, no open bankruptcies, no tax liens except for those on a payment plan |
US Business Funding's partners are accepting applications for First and Second-draw Paycheck Protection Program (PPP) loans until the program's end date of May 31, 2021. You can get connected with a PPP lender on by filling out a quick form on its website.
To qualify for a small business working capital loan, you need to meet the following requirements:
US Business Funding offers a wide range of financing solutions to newer businesses that need funding to grow and cover day-to-day expenses. Its rates start low for a business lender — especially one that has options for all credit types.
US Business Funding is a direct online lender that offers working capital loans to small online businesses, among other financial products. You may be able to borrow up to $2 million at rates starting at 3.5% and terms ranging anywhere from 3 months to 10 years.
It’s fast, too: It takes about a minute to hear back about a decision after filling out its online form. If approved, you could receive funds in two or three business days if it’s your first time or as little as 24 hours if you’re a returning customer.
From its low starting rates to its positive customer reviews, here are a few perks of borrowing with US Business Funding:
Consider these potential drawbacks before taking out a business loan with US Business Funding:
US Business Funding gets mostly positive reviews as of May 2020. It’s been accredited with the BBB since 2016 and garners an A+ rating based on factors like transparency and time in business. It also earns an average 4 out of 5 stars based on nearly 50 BBB reviews, and over 120 Trustpilot customers give it 4 out of 5 stars.
The majority of customers were pleased with how helpful the staff was in helping them find the right type of funding for their business. Many were also happy with how fast their funding came through. A few complained about not receiving the rates and terms they were initially quoted, as well as having to make daily repayments.
You can apply for a working capital loan from US Business Funding online. Before you get started, double-check that you meet its basic eligibility requirements. If you do, follow these steps to begin the application process:
A member of the US Business Funding team should reach out to walk you through your financing options. If you have all of your documents on hand, you could get funding in two or three business days if you’re a new customer — or as soon as 24 hours if you’re a return borrower.
The documents you need to submit will vary depending on your business. However, all are required to submit between three and six months of business bank statements.
It’s time to start paying off your loan according to the terms of your agreement. Ask if you’re able to sign up for autopay so you don’t have to take the time to make repayments when they’re due. If you have any questions or concerns, reach out to your point of contact or call customer service at 800-991-6287.
In addition to working capital loans, US Business Funding also offers the following products:
US Business Funding offers business owners fast financing with a personal touch — even if you don’t have perfect credit. But you need to be an Internet-based company to qualify. And you’ll have to fill out an online form to really learn about the options available for your specific business.
Find out how this lender compares to other providers by checking out 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.