6 Best Business Loan Brokers

Cody Cromwell
Written by
Last update:

Top 6 Small Business Loan Brokers 2019

When you are starting a new business or want to expand your business, the first place most people turn goes to their own bank. However, you have to also look elsewhere and consider other options for getting financing. There are plenty of sources for loans or money to expand your business.

Take advantage of the free business loan comparison tools available online, such as the Finrecycle business loan broker tool and LoanDepot…which have been developed by entrepreneurs. These search tools can help you to research and compare the different options available to you in order to choose the best loan broker to keep your business running smoothly.

Here’s a summary list of some of the top loan brokers available today to help you manage your business’s finances in a timely and professional manner.

How Financing With a Business Loan Broker Works

When you think of getting a loan, you probably think about applying to a mainstream bank or going through a personal loan company. But it's not the only option available, and a business loan broker is a good alternative to both the banks and alternative lending.

A business loan broker works on your behalf to find lenders who are willing to lend to your business. They then take your application and presentations to the lenders and get you a loan application package.

Business loan brokers typically know the market and do all the legwork of finding a loan for you. This means you can get your business loan without having to spend a lot of time and money on research all on your own.

There are different ways business loan brokers work. Some work independently and offer loans without taking a commission. Some work with appraisal companies and structural lenders, which means they take a fee from the lender you ultimately get.

If you’re looking for business financing, you might want to consider working with a business loan broker. They can help you find a business loan without any hassles. You can focus on your business instead, and hire experts to help you get the right loan.

Who Should Work With a Business Loan Broker

A business loan broker is essentially a business loan specialist. Business loan specialists work with banks, lenders, and other lending institutions to help entrepreneurs get the credit they need to start a business or grow an existing business. Business loan specialists can be found at high street banks or online.

Business loan brokers can offer entrepreneurs many useful services, but one of the primary benefits of working with a business loan broker is that it’s much faster. You can fill out the application online and the bank will typically get back to you within 24-48 hours (sometimes within 12).

Another benefit of working with a business loan broker is that you get personalized attention. Most banks have strict policies regarding borrowing money, so before you can receive a loan, you’ll have to endure much paperwork. A business loan specialist can streamline the process and ensure you don’t waste time on paperwork that’s not really required.

First of all, you can find Business Loan Brokers Online. Secondly, you can also work with Business Loan Brokers in person. If you are looking for information on a particular topic, you can search for information sources by type.

Who Qualifies to Work With a Business Loan Broker

Business Loan Brokers are not your go-to source of payday loans or other types of unsecured financing. By definition they work with businesses to provide business loans. Depending on the agreement, a business loan broker can also make you an offer on your business and provide guidance on how to handle the situation (via a broker agreement).

The Million Dollar Loan Club is a startup business loan broker based in San Francisco, CA who has 20+ years of experience helping startups secure capital. Their office is equipped with the top-notch software, including loan agreements and loan documents, which saves time and helps them get business loan approvals fast. Headquartered in San Francisco, CA and with offices in New York, New York and Chicago, IL, the Million Dollar Loan Club has a strong team of professionals and national network of business loan brokers who help small business owners obtain the best loans on the market.

When you go to them, as you would to any business loan bank, you’re set up with a business loan agreement. You fill out your executive summary, their application, and your business information, and you evaluate your own company and whether they’d be interested in providing you a loan based on your executive summary.

Disadvantages of Business Loan Brokers

In today’s age of Internet marketing and business growth, a Business Loan License (BLP) is not necessary. You don’t need a license to start a business at home. A Business Loan Broker is a person who helps start-up businesses to get the funding they need to get their business off the ground. As the name implies, the business loan broker acts as the middleman between the potential lender and the potential borrower. The business loan broker is either employed by the lender who pays the broker fee or a separate company. They are paid a separate fee for their services and they solicit these business loans from financial institutions.

If you are creative and determined, you can greatly cut on the cost of starting a business by obtaining many loans from different sources at the same time. This is done by working with a legitimate business lender who works with multiple lenders at the same time. This business loan broker works with many financial institutions. If you use different lenders for different elements of your business, you can make multiple payments on them, therefore lowering your overall monthly loan costs.

As per experts, there are three reliable business loan brokers that get good business loans for their customers. By securing multiple loans throughout the loan period, customers can systematically pay their loans off so as to reduce the overall cost of loan.

How We Evaluated Small Business Loan Brokers

After surveying nearly 300 small businesses across the US, we found the best small business loan brokers that spend a lot of time and energy focusing on their clients and who remain competitive in the lending marketplace.

Making the right, small business loan decision is an important part of growing your small business. Unfortunately, the decision isn’t always straight forward. That’s why you should consider working with a small loan broker.

Finding the right lender isn’t particularly easy. It’s an inexact science and you can’t just take a short cut, or you’ll end up with the wrong one.

When it comes to making decisions, you want to be certain that you’ve done your homework and feel confident that you can trust the lending company with your money.

A small business loan broker puts you in the right company’s hands, and they do a lot of the hard work. You send them the details on your loan, they research the market, and they come back to you with an offer on the loan.

Lendio : Best Overall Business Loan Broker

The big four bank’s niche investments in late 2000’s early 2000’s entrepreneurship really made business loan applications nearly impossible for the rest of the world. Attempting to apply for a business loan with one of the big four’s banks was tantamount to borrowing money from another entrepreneur who already had success. More often than not, these loans were granted from bank directors which further complicated the process. The online lending space was at its bleakest.

After these bank’s failed spot on enterprise model, the space really opened up for the rest of the world to apply for business loans, and the scope became vast. Lending to entrepreneurs is without a doubt one of the most profitable lending operations for banks. The business loans are far less risky than any other type of loans, and the prospect of a successful entrepreneur has proven to be a lucrative venture.

To further complicate matters, the banks started to consolidate the independent loans companies under a single umbrella. This consolidation gave a narrow window of access to entrepreneurs, and very quickly, banks stopped taking on new borrowers.

Lendio Costs

Loan brokers operate by charging an "origination" fee or a "risk premium" on the loan. Even though the lender pays the broker money to act as a middleman, the broker still charges a risk premium. While the cost of the broker’s service is typically between 2-5% of the total loan amount, the typical rate of risk premium can typically range from 0.25% to 2% of the loan amount.

While the cost of the broker’s service is typically between 2-5% of the total loan amount, the typical rate of risk premium can typically range from 0.25% to 2% of the loan amount. The broker earns their commission through the interest rate differential, which is a number they publish but typically always end at 3.50%. In other words, if they charge 0.25% of your loan, they would take 1.00% off the top and charge that amount, leaving only 1.50% of the loan amount.

There are two primary types of lenders in the online lending industry. One is "direct lender" and the other is a "broker" loan. A direct lending company is one that does not pay a commission to a loan broker to facilitate the loan should you consider another payday- or pawn-style loan company for your loan. Direct lenders often have a slightly higher interest rate than their loans are advertised.

Lendio Types of Financing Available

Lendio is your best shot to get a loan right now.

The most important type of financing that our members consume is working capital. –We have worked with Lendio for 4+ years and feel it is the best option ever. You can take great care of your clients with the many tools of Lendio and bring them faster funding.”- Heidi, FreeeUp Business Loans Administration

You can get finances for your business from Lendio in a number of ways:

Working capital – This will come in handy for expenses that help you get your business out of the red and into the black ” such as inventory financing.

Vehicle financing – If you need funding to purchase a truck or van, you can get financing from Lendio.

Property financing – You can finance the purchase of business equipment or an office building.

Decommissioning loans – You can use these loans to finance the removal of equipment and assets that are either ineffective or no longer needed.

Lendio Qualifications

What Lendio is Missing

Lendio Reviews

We spent almost 8 months looking everywhere for the best interest rates, least fees, and best variety of available loans and we found that Lendio was the only one that covered every metric we measured.

Generally, you earn a higher interest rate for a larger loan size and that is why we looked at the minimum and maximum loan sizes for every brokers.

Additionally, we looked at the fees each broker has, as the more the fees, the less the interest rate.

We chose Lendio because they offer the lowest rates of all the business loan brokers and they also have the lowest fees, which gives us a higher yield.

Do your calculations, find the loan that fits your needs… try Lendio!

How to Apply with Lendio

Lendio is a loan broker that lets you apply for a small business loan without ever leaving your desk. You can submit your application online in minutes and if your business qualifies, you’ll get an instant decision on your loan. Lendio makes applying for business loans easy and fast, but it does require a small down payment.

The website will give you an opportunity to build your business profile, which is based on the information you submit while applying for a loan. You will also have the option of including your personal profile to increase your chances of being approved. The site will then match you with one of the 40+ lenders who then approve your business loan electronically … no banker required. The lenders are the ones that determine your creditworthiness, and not Lendio.

Compared to other loan broker sites, Lendio is a bit different. While they do have a number of lenders that they work with, there is also a section called the “Emergency Lender” where you can apply for a loan without going through the process of getting pre-approved. The purpose of this would be if you are in a period of financial hardship and need the money to keep your business afloat. This type of loan is generally smaller than a more traditional loan.

National Business Capital: Best Business Loan Broker for Bridge Financing

Bridge financings are short-term loans secured by collateral such as accounts receivable. The short term makes the loan easier to obtain and the easy-to-predict income from receivables keeps the money out of the company to fund more growth.

Bridge financings are typically secured by company accounts receivable or inventory (i.e., not receivables from customers). Some companies will use cash as collateral for bridge financing for short-term financing purposes (i.e. financing short-term requirements such as payroll and accounts receivable). It’s important to note that the goal of bridge financing is risk-mitigation, not risk-reduction, so it should not be used to grow the business.

National Business Capital Types of Financing Available

When considering a low interest business loan, you’ll want to carefully compare the benefits to your current financing source. Perhaps your bank charges high interest rates, but your business is growing and needs funding? Maybe you can lower your interest rate by negotiating with your bank, but you have strict terms? Consider what the alternatives are before you make a switch. It’s best to maintain a consistent source of financing, just in case something happens.

Different types of financing are available to businesses, with each offering unique benefits. Credit Brokers — This is a direct source of payment for goods and services through a third party. A website or dedicated phone line is used to connect businesses with suppliers who can agree on payment terms, and then the seller directly funds the purchase through a business account. In exchange for the financing, the seller receives a commission, which is paid by the business. The seller doesn’t require collateral in most cases.

Here’s a look at your options for business broker credit:

Equipment Finance — Repayment of the loan in installments over a period of time, usually between 6-24 months, depending on the interest rate, terms, and the purpose of the financing.

Credit Brokers can help businesses find capital by using your credit history to determine the financing terms that work best for you.

National Business Costs

Lenders charge interest for loans, and this total is called total business costs. Business costs include all the out of pocket expenses related to a business loan, and they can make or break you when comparing lenders.

According to the FTC the average dollar amount for business loan interest is:

Lender Fees: 3% of the loan amount.

Administrative – Collateral: 3% of the loan amount.

Models: 2.5% of the loan amount.

Ads or Marketing: 2% of the loan amount.

Central Operations: 2% of the loan amount.

Modifications: 2% of the loan amount.

National Business Capital Qualifications

NCBC loans from National Business Capital qualify for 90% loan to value financing. Not only is that a value that few other lenders can match, National Business Capital loans are written by banks and fulfilled by a debt buyer. These loans are backed by a debt buyer who provides additional financial strength compared to non-bank lenders. Normally the following loan qualifying requirements apply to the your financed loans. Note: the following qualifications only apply to our traditional loan products.

Please contact a National Business Capital Loan Consultant if you find something amiss in the following information.

NCBC Requirements

For National Business Capital customers:

A minimum credit score of 640 required.

No bankruptcies in the past 2 years.

No significant monetary judgment against you (excluding child support, etc.).

No student loans, medical debts, pay day advance debts, civil judgments, or other non-business related debts.

Any tooling loan customers or self employment income is independent of the business and does not meet the financing requirements.

Professionally Developed Business Model

A minimally viable business model and professionally developed business plan.

No Occupational Businesses

No direct or indirect interest in the business.

Student Loan Payment Made during or Post-School

Student liabilities must be paid via income from a separate and independent business or from an existing NCBC loan.

What National Business Capital is Missing

The most important thing is to run a good business. A good business will not be sold if it is not run well. A loan is meant to be an operational tool with which you can help your business run well.

There are many companies that offer loans and financial help to business owners. Most lend money to the highest bidder to further risk assets. This is fine in many situations. Unfortunately, not everyone can afford to pay the highest price. National Business Capital, however, offers loans to the best of the best business.

National Business Capital offers loans to people who have a low credit score, so anyone, regardless of their credit score, can qualify for a loan. The National Business Capital team will review your business’s financial records, talk to you and your customers, review available collateral, and most importantly, speak directly to your employees to make sure that they know how important the loan is. Bad credit, no credit, it doesn’t matter.

So, if you qualify, and your business if successful, you will receive a loan in full and meet all of your business’s financial needs.

National Business Capital Reviews

National Business Capital proudly offers a variety of secure financial products to businesses, including business loans, business lines of credit, factoring, business credit cards and more.

How to Apply with National Business Capital

When looking for new loan options, it’s always valuable to have more than one lender to choose from. Most businesses will find that they have a couple lenders that they’re comfortable with, but it’s good to have a few options.

National Business Capital is a reputable source of capital for businesses of all sizes. They provide the financial services and support required for business growth through acquisition, equipment finance, equipment leasing, litigation funding, technology capital, long term working capital requirements, and more.

In the last few years, their profile has grown, and they’re now an established brand. We’ve seen their profiles rise in the Google rankings by leaps and bounds, and we expect that trend to continue. They have been successful in the past, and we anticipate they will be in the future.

National Business Capital is headquartered in Corona, California, but is also great because they have a presence in the small-town of Yorba Linda, California. They have a committed staff with a wealth of knowledge that’s rare to find in the business loans world, and we love their mission statement of helping creditworthy businesses grow. Their keen understanding of the business loans marketplace has positioned them well to serve and succeed in the world market.

Biz2Credit: Best Business Loan Broker

Biz2Credit is a leading, qualified business lender that is FDIC insured to make sure that your business loans are secure. No matter what the condition or size of your business, we consider every application personally, and you will feel appreciated by the Biz2Credit team.

Our business loan brokers are your personal business loan advisors that work every day to help businesses make the most of their capital investment. We offer competitive business loan rates, flexible repayment options, and options to suit your business.

Biz2Credit even offers business loan consulting services to help small business owners improve their balance sheet, strengthen their cash flow, and do their internal and external audits. We can even help you find the little-known tax breaks that businesses can take advantage of.

The only thing you need to do is choose whether you would like to work with a Biz2Credit business loan specialist online or in person.

Biz2Credit Costs

You’ve found your perfect business idea, but you’re not sure how to take it to the next level. One way is to borrow the funds to get your business up and running. If you are thinking of borrowing money, consider the options and choose from one of the many business loans available. Biz2Credit, a popular business loan broker from India, has compiled a list of some of their top loan options for desired business loan amounts.

Business Loan Requirements

Your business will decide what you will use the loan money for. This will likely involve developing your business and hiring employees. The following are some examples of common business loans used: –

  • Business loan for personal expenses – To help you with your capital and bring in more customers, you generally pay for some personal expenses with the loan funds. Examples include the cost of rent, a vehicle, utilities, and cell phone bills.
  • Business loan for buying equipment – You can use the funds to buy and update the business’s computer and other equipment. This will allow you to offer your services more efficiently.

Biz2Credit Types of Financing Available

What you need to do as a business owner is to identify what you need and talk to a lender or loan broker who can put together the financing package for you. Using a Chicago lender is extremely effective when it comes to the types of financing that you need to get the business up and running. There are several types of financing available in and around Chicago.

The most common types of financing are the following:

Personal Money … This one is the easiest to qualify for. Basically, you are having a personal loan to fund your business. Almost anyone can qualify for this type of financing. You will probably find this the most flexible as far as the types of projects that you can borrow against.

SBA Loan … SBA loans are available to businesses with national and international recognition. This is the most common preferred type of financing because of SBA national or regional offices where there is a specific office dealing with funding. Having your business recognized by the SBA can automatically qualify you for SBA loans.

Biz2Credit Qualifications

Biz2Credit lenders require that borrowers prove that their business is profitable and can sustain the loan and provide a healthy return on investment.

The company maintains that to ensure the borrower stands behind their business’s guarantee, it will only consider applicants who have been in business for at least three years.

Based on their criteria for eligibility, leaders in the credit providers industry also understand that borrowers with poor credit histories will not be able make bank loans.

Despite the fact that Biz2Credit can make loan applications using its dashboard application, it also partners with other third-party credit providers, which means that broker will need to purchase any applications.

By purchasing applications, the lender will be able to determine the business’s financial viability and the ability to obtain funds.

The company will make the loan decision upon assessing each application and comparing them against the criteria that it established.

Each application that contains poor credit history information is given a credit risk score by Biz2Credit.

Information provided by the borrower should include:

Income: For both the present and the previous two years

Expenses: For the present year

Assets: For the present year

Liabilities: For the present year

What Biz2Credit is Missing

Every week customer sit with a form in front of them or go through a selection process to fill out a form and apply for a business loan, I think that they give too much personal information and put themselves at risk of identity theft, credit card fraud, and forgery. PayPal, Visa, MasterCard, and other payment gateways offer little to no protection when someone pays for goods and services using the stolen identity of another person. You are using the personal information that person has entrusted for your security. No Credit Check. If you have no credit report, or have been turned down for a business interest rate even with good credit, then Biz2Credit can help you as a business borrower. This is one way that Biz2Credit, a debt consolidation service, helps small businesses. Another way that they work with businesses is by working with Small Business Administration. The government loans offered by them are very good for businesses who can’t get financing at more mainstream lenders. The downside is that the loans are short term.

Non Personal Loan, Business Loan, Cash Advance Loan, Title Loan, Money Loan, Title Loans Online, Alternative Loans.

Biz2Credit Reviews

Biz2Credit is a Canadian based organization that provides small business loans. They offer one of the largest collections of business loan brokers in the world. These brokers specialize in working with small business loan applications. They can help you find the right funding source in a short period of time.

Since they are an online source, you don’t have to waste time visiting individual lenders. Also, you can work with brokers from different cities to see how much savings you can generate.

The B2C funding is referred to as brokered funding. This includes third party sources like banks, lenders, credit unions, and online lending sources.

The scale of this agency is massive. They work with over 50,000 Canadian business loans. This makes them one of the largest online sources of business loans and helps you uncover the right funding source for your application.

If you need funding for your business, you can contact B2C Brokers. Their services are inexpensive. Since different types of loans are offered through different brokers, you can compare rates and decide which the best deal for you.

You can find out more information by reading the Biz2Credit reviews. Also, check out their financing options to see how they can help you get funded.

How to Apply with Biz2Credit

Do you want to know how to apply with Biz2credit? We’ll help you apply for any kind of business loan. Just fill out the application form and email it to the Biz2Credit team. We do the rest.

Make sure you read our FAQ before submitting an application to check all your questions.

Who can apply?

All entrepreneurs and businesses from the following countries can apply for all our services: United States, United Kingdom, Australia, Ireland, Canada, New Zealand, Singapore, Hong Kong, Malaysia, Indonesia, Pakistan, Bangladesh, India & Sri Lanka.

{1}. Business Loans, Commercial Loans, Factoring, Capital Funding, Heavy Equipment Lending, Small Business Loans, Equipment Financing, Professional Services, Startups, Start-Ups Loans, Business Lending, Business Loans in UK, Business loans in Canada, Business loans in Singapore, Business Loans in Australia, Business loans in UK, Business Loans in India, Gsa Lending Act, Sba Website, Factoring.
{2}. Visit our British Partner this Sponsor Finance company Please complete the form and we will get back to you shortly.
{3}. Apply for an Acceptance Now and make an offer to EU collector in UK. We are always on your side.

LendingTree : Best for Comparison Shopping for Well Qualified Borrowers

Auto Loan : Best for Auto Repairs

Installment Loans : Best for Installment Loans – The lump sum loan is still the most preferred way of borrowing money, but loan installment is the best way if you don’t have the lump sum repayment abilities.

Small Business Money Loan : Best for Business Startups

Car Loan : Best for General Car Loans

Mortgage : Best for Buyers and Homeowners

Essential Tips to Keep in Mind before Taking a Loan

Before taking a loan, it is essential to make sure you are able to pay it back. If not, you might end up in the debt that you don’t even come out of with your loan. Also, if you have refinanced for some loans, you might face trouble since many loans are now under a single bank. So it is must to carry out a thorough research about the bank and loan repayment. This makes the borrowers to be more aware about the loan repayment process.

Loan Types to Keep Your Credit Score in Check

Credit score plays a critical role in our lives. The various credit scores of lenders helps you get a loan that fits your requirements and helps you get the best loan. To maintain a good credit score, it is essential to plan your credit card usage and make sure you always pay your bills on time.

LendingTree Costs

1099 Loan Broker – Loanesttree is one of the best business loan brokers to get a loan without collateral from legit lenders in media and entertainment industry. Its loan application process is easier and faster and the application fee is nominal.

If you are looking for merchant cash advance loan then Apply for Business Loan from Lending Tree. You will get all the loan types such as investment funding, real estate funding, business start-up loan, construction loan, real estate funding, commercial financing plan, small business funding plan, SBA loan, small business loans, office equipment financing, equipment financing plan outlet, business equipment loans, cash advance Low-Rate, your business funding Plans, line of credit and business loans.

Lendingtree has recently launched its business loan calculator to assist you choose an amortization term to pay for your loan in a shorter period of time.

Lendingtree pays lenders back upto 3-10 basis points but in a shorter period. They offer a strong investor to lender platform with transparent and calculable rates and affordable interest rates.

Lendingtree is an innovative business loan broker. They make the financing process easy and fast. You can easily make a loan application online and its approval process will take 5 to 20 minutes.

If you are looking for short term business loan then Loanesttree is the best option.

Is the best alternative to debtors.

LendingTree Types of Financing Available

LendingTree offers different types of lending options to assist in your short and long term financing needs. Here are some of the most common types of loan options available from LendingTree:

Fixed Rate Loans … A fixed-rate loan is a loan in which the interest rate is set at a certain level for the entire length of the loan. For best results, fixed-rate loans should be used for short term financing, with terms of a year or less.

Floating Rate Loans … Floating-rate loans (also called adjustable or indexed loans) are loans that have an interest rate that changes over time with an index tied to a standard base rate. While these loans can be useful for longer term financing, they can also be a little more complicated than fixed rate loans. Thus, they are generally not recommended for short term financing.

Amortization … An amortization loan is a loan that has a set interest rate for the first portion of the time period and a different interest rate for the second portion of the time period. Equipment loans can have any time period between 3 and 30 years. The benefit of amortization is that it could potentially lower your overall monthly payments.

LendingTree Qualifications

LendingTree LLC. is an online small business loan broker who shares their credit experiences and reviews to help prospective borrowers and lenders find the best small business loan rates. Once you sign up for free, you can compare multiple lenders giving you the best price. LendingTree has created an online marketplace that intelligently analyzes your search criteria and matches you with hundreds of loan broker listings.

LendingTree’s business loan brokers are licensed by the South Carolina Small Business Finance Authority and follow the guidelines in the Code of Professional Conduct. As a result, LendingTree business loan brokers exceed minimum licensing standards for providing business loans in the State of South Carolina to business owners.

LendingTree business loan brokers can be personal, commercial, or agricultural lenders who resident of the state of Colorado. Personal lenders invest in real estate and/or other small businesses or farm loans.

Commercial lenders are people looking to invest in leases or stock purchases.

Agricultural lenders invest in land, machinery and implements.

What LendingTree is Missing

LendingTree Reviews

LendingTree, based in Atlanta, Georgia, was one of the first online, online loan brokers. Loan brokers’ niche market is small business loans and commercial real estate loans. There are many others who can help with those needs. Be sure to research each and every transaction to ensure you are receiving the best terms possible for your type of business loan or commercial real estate loan.

LendingTree has provided over 64 million loans since its inception in 2006, and the company has been listed as one of Inc. 5,000 fastest growing companies for each of the past six years. LendingTree, listed on the NYSE under the ticker TREE, also received the CNBC Disruptor Award during the Disrupt trade show in 2012.

LendingTree has not always been successful with consumer loan applications. You can be sure that you will be receiving the best possible terms for your small business loan when you work with LoanDepot.

How to Apply with LendingTree

LendingTree is a financial technology platform that provides personal loans and small business loans. While personal loans are designed to provide an immediate payment to a borrower, business loans provide financing capital for a variety of corporate purposes.

LendingTree provides loan requests based on the borrowers’ credit score. They have a credit screening tool that is optimized to predict a positive result based upon the users’ credit score, net worth, monthly savings account deposit, etc. Before applying, the borrower should conduct a detailed financial analysis of their business, provide contact information, submit documents and a copy of their valid ID.

Once a loan is approved or rejected, users can request for an introduction to a lending source. This is where LendingTree enters the picture as they match each borrower and one of their more than 70 lending sources. They also provide borrowers with an online dashboard that can help deal with loan payments.

LendingTree makes it easier for borrowers to acquire business loans, provides borrowers with easier access to general and business loans, and ensures that all borrowers are matched with the right lending source. Whether securing a business loan or a personal loan, it’s a great resource for both borrowers and lenders.

GoKapital: Best Business Loan Broker

GoKapital is India’s leading business loan brokering company. We help startups and businesses get the right working capital they need to grow their business.

Step 1: We match the right liquidity from different business loan sources and then put it together to provide you with a complete loan package at the best possible price.

Step 2: We also conduct a thorough due diligence of your business, keep a track of all your business documents and process all the paper work.

Step 3: After approval of your loan, we provide you with a commitment letter from a participating bank on your behalf.

Step 4: After closing of your loan, we work very closely with your e-commerce firm or small scale manufacturer to help you get your business off to the right start. We help you in the construction of your business model, strategy and growth plans.

Step 5: We monitor your business growth day in and day out and monitor how you are doing. After assessing the market again, we prepare for another round of funds, if necessary.

GoKapital is committed to provide the best possible service to all our companies. We want to see your business flourish and grow. If you are looking for a business loan, empower yourself with a better product from the best business loan brokering company in India, GoKapital.

GoKapital Costs

Kapital costs are variable and factors by the bank.

Sample Size:

Kapital has a wide offering of products and services, which makes it difficult to make a sample of potential base borrowers.

Waiving Fees:

Similar to other lenders, Kapital lets you waive your origination fees (which is standard) and/or closing costs (now standard until end of 2019).

Minimum Credit Score:

Kapital is most beneficial for borrowers with high credit scores; a minimum credit score of 700 is required.

Term Length:

Kapital offers various term lengths, but it’s best for short term loans (no more than 24 months).

Late Charge:

Not specified.

Prohibited Terms:

Not specified.

Credit Requirements:

Kapital requires you to have good credit.

FICO Score Requirement:

A minimum FICO score of 600 is recommended.

Income Requirement:

Kapital does not require you to have any specific income (unless you want a home equity loan).

Minimum Age:

Smokers are strongly discouraged.

Maximum Age:

Length of Employment:

Minimum of 12 months.

Deductions from Income:

No gross income investment is required.

Character Form:

GoKapital Types of Financing Available

A compelling strategy for any startup company is to seek loans from private lenders or loan brokers. These options offer varied loan options at cheaper rates, and hence, it always helps to develop a robust strategy to capture a market that’s trendy, growing, and lucrative.

Muscle without the Sugar

In a discussion with entrepreneurs, Dr. Roger Gilmartin said, …one of most important things that anyone can do to sustain a startup is have enough funding to live on while the business makes some money on the side.”

It is vital that a company secure the necessary funds before actually seeking any cash in the market. This is one of the best and reliable ways to raise capital to provide the operations of the company with much-needed dollars down the road.

Financing is an asset that is critical for the founders to sustain the operations of their companies through adverse times. A startup also needs to have funds to meet its employee needs, purchase inventory, and run promotions and advertisements.

Because of the financial problems that companies face, they come to their lender for help. In return, their lender expects companies to repay their loan with interest.

GoKapital Qualifications

So, we all wish to own a business. A dream of owning a business shot come true for the new generation to help them secure their future. GoKapital is a great option available for people to help them in their business journey.

GoKapital provides various methods for you to make your small business a big success. With positive rules for all the business man across the globe, your dream has become possible by helping you build a strong business.

To expand your business you need funds, you need a loan to pay for your office space. GoKapital is your best option.

GoKapital now provides low interest rate business loans to companies that require working capital for business expansion, financing new construction, and purchasing equipment.

These loans are quick, affordable and relatively hassle-free.

This loan program will help you expand your business without the hassle of paperwork and restrictions. As a family owned business, they are committed to help their clients. For anyone who needs financing, GoKapital will work with them to see them through any situation that might be a pain or too costly financially.

They mainly focus on businesses within the US and while their rates are not as good as other lenders they do provide great options for financing.

What GoKapital is Missing

Rajiv Nath, founder and CEO of GoKapital, is perhaps the most sought after person in the world of startups. At TEDxNoida 2012, Rajiv shared his thoughts about why the business world is more likely to work with a loan broker instead of with a venture capitalist in order to

Access capital for a startup.

He echoed that loan brokers are more prepared to work with and finance startup entrepreneurs than venture capitalists,.

Because loan brokers understand the risks and challenges of borrowing money for any small business or startup.

He also pointed out that the private investors are usually compensated for their investment interest and not the return on that investment.

In addition, in the case of a startup business, the return on investment is unlikely to happen in the near future, and any investor would need several years to earn that return.

In this infographic, we have compiled the elements GoKapital is supposed to collaborate with venture capitalists to bring one the best deals for their startups.

GoKapital Reviews

GoKapital is a UK based business loan broker. GoKapital has been registered since 2011 and present a wide range of business loans, they make it simple for prospective lenders to access commercial loans.

GoKapital operates with Blockchain. GoKapital does business with KYC (Know Your Customer), and there are no hidden fees.

Financing in USD and EUR available with attractive conditions of interest.

GoKapital uses the blockchain technology to verify their customer data. They use an external 3rd party platform to verify identity and where the data is stored encrypted. No more having to share large amounts of customer data with other brokers.

How to Apply with GoKapital

Funding Inc.

If you are looking for a home business loan to start your own profitable business, you might be having some doubts how you can apply with GoKapital.

GoKapital Funding Inc. is a licensed and registered financial lender. The aim of the company is to make a first-class working environment for their customers by providing professional loans with an interest rate as low as 8%.

GoKapital Funding Inc offers different kinds of loans to suit any type of person’s situation and problems. They provide loans in amounts that apply to different needs and provide affordable repayment terms. GoKapital Funding Inc. is flexible and tailor-made to meet the requirements of each client.

The company insists that each customer is entitled to the best possible loan since the company realizes that business loans play a vital role in helping business owners increase their standing in the business market. They understand that each business is different and is of a unique structure and structure.

What makes GoKapital Funding Inc. one of the best business loans is their customer service which is equipped with a highly-skilled team of expert loan officers. They are well-informed when it comes to the working of the business loans, so they can ensure that the loan stays in line with the regulations and has no complications. The goal of their team is to help the clients and their ventures grow to the next level.

SmartBiz : Best Business Loan Broker

With a keen focus on business loans and a world-class reputation, SmartBiz offers a range of financing solutions to help business owners grow their businesses. Its services include raw material financing, working capital loans, hard money loans and business loans for startups. Most SmartBiz clients have one thing in common … cash-flow problems.

The brokers at Smartbiz provide tailored financing solutions to help business owners manage their cash-flow issues. SmartBiz works with business loan lenders to develop custom solutions for their clients.

All SmartBiz loans offered are backed by the full faith and credit of banks and investors. Since SmartBiz doesn’t take ownership of your business, the risks incurred by such loans are the same as any other business loan.

You can certainly find other institutional investors, but SmartBiz is a more middle-to-end-of-the-affordable-range option for small-size loans.

One of SmartBiz’s standout advantages is its ability to offer customized solutions for its clients. So if you aren’t in dire need of funding, they are more likely to work with you and the loan amount to match your business needs.

SmartBiz Costs

Getting a loan for your business can have a real impact on your business’s performance, and it can go a long way in determining how business development will progress. Having the right business loan broker will help you get the required financing at the right terms.

Here, we’ll look at some of the best business loan brokers in Kenya and their specializations. The broker chosen should depend on whether you are going to be looking for debt or equity financing.

Typical sources of business funding for a startup are bank loans, venture capitalists, angel investors, and grants. Debt financing, i.e., loans are usually the cheapest and most plentiful source of funds. These loans are usually the most readily available source of independent financing, and since they are available for smaller businesses with cash reserves, they are the favored type.

However, if your business needs equity financing, searching for a business loan broker can leave your business without a viable domestic and international source of quick business funding.

A business loan broker who specializes in debt financing will help you understand the best options for you, depending on your business’s needs. Such a broker will help you reduce the costs of transactions related to your business loan, manage the loan administration process, and execute the required procedure. These brokers will help you negotiate and work with the banks that facilitate lender agreements.

SmartBiz Types of Financing Available

To grow and succeed in business, whether you already have a business up and running, are planning to start a new venture, or looking for an investment to revive your business, different types of financing are available. These include: formal loans such as those from the Small Business Administration (SBA); benefit of borrower loans; venture capital; and public funds.

A main benefit of formal loans is they can be repaid without repaying interest. Since they're backed by the U.S. government, they're almost always multiple disbursements decided by the SBA or other lending institution.

A benefit of borrower loans is they are unsecured loans, so they're riskier for lenders to make. However, borrowers with good credit can take advantage of this system and get approved for money to fund their business.

A venture capital loan is where a company invests in you and you invest your money. There are several types of venture capital loans, including: early-stage, growth, and bridge loans. Bridge loans are unsecured loans that are longer term; the loan recipient takes a risk in investing his or her money, and the company is risking their money.

SmartBiz Qualifications

Company Profile:

Although SmartBiz has originated from overseas, they have quickly grown to 5 offices with 100+ branch venue reach of 3,500+ physical locations offering business loans to 165,000+ fast growing businesses and SMEs across India.

Vision and Mission:

Since inception, SmartBiz has focused primarily on providing small businesses in India with financial support to help them grow and thrive. This could be attractive to small businesses that are in the early stages of starting up, need product and/or inventory customization and/or marketing support, need to consider their ability to survive within the competitive and complex business environment in India.

Scope of Business Loan Projects

SmartBiz focuses only on loans and financing for businesses (all sectors) that are in need of money to support or strengthen their growth. Business loan inquiries and applications are welcomed from businesses within these sectors:

  • Health Care
  • F&B & Hospitality
  • IT & ITES
  • Manufacturing
  • Transportation
  • Logistics
  • Education
  • Real Estate
  • Construction
  • Life Science
  • Agriculture
  • E-commerce

With more than 20 years of experience in the SME loan business in India, SmartBiz is very well positioned to offer business loans and business financing to new business startup and current business owners in India.

What SmartBiz is Missing

Because of the way business loans are regulated by the government, there are very few options when it comes to taking out a business loan. Even though there are many advantages to this, there are a few drawbacks for the small business owner. The majority of small business loan options are no longer available to those who cannot demonstrate good credit. Low-interest rates for business loans are also typically only available through commercial banks, who are burdened with lending to businesses with lower credit.

Zuora’s online loan approval system allows lenders to assess a potential client’s credit worthiness in a more efficient and streamlined way. The Zuora Loan Review service is completely online, which means that there is no risk for the lender to approach a loan application in person (as a large percentage of business loans are still made in person).

The system automatically examines all of the information provided by the borrower, and provides the lender with a complete overview of a borrower’s credit history, and potential profitability of the project. With an online loan application system in place, lenders can limit their time spent on the applicants, and eliminate the time and effort needed to perform manual loan approvals.

Ultimately, the Zuora Loan Review service will get the right people approved for a business loan for the right reasons, and the business owners can focus on their business rather than the application process.

SmartBiz Reviews

JD Gordon

Review of SmartBiz by R.T. Grilling

SmartBiz is a great inclusive non-profit organization with a mission of getting individuals with good business ideas into business rapidly.

JD Gordon has years of business experience and lending experience in the sub-sector of small business loans. He is a firefighter, who currently works as a captain for the fire rescue in the Doral Fire Department in Miami. He has spent forty-one years in the fire rescue and professional fire service retail industry, at thirty plus years service in his current position as a captain with Doral Fire Department.

SmartBiz is constantly expanding their services to include lending, investments in start-ups, debt consolidation, and business education. JD Gordon is experienced in these areas and is currently involved in the SmartBiz Education Program. This firm is a great place to look for a loan to get your business.

How to Apply with SmartBiz

Bottom Line