Reliable Online Business Loan Lenders
Fundbox – lines of credit
Consider Fundbox if you want a line of credit with a maximum loan amount of $150,000. Borrowers can expect repayment to be between 12 and 24 weeks, with an estimated annual percentage rate (APR) of 10.1% to 79.8%.
Your APR will be determined based on your credit score history and financial reliability as a business. Borrowers will need to meet the following qualifications: be open for at least six months, have a minimum personal credit score of 600, and bring in annual revenue of $100,000.
Bluevine – lines of credit
If you want a higher line of credit, Bluevine offers a maximum loan amount of $250,000. Repayment will be between 6 and 12 months, with an estimated APR of 15% to 78%. Borrowers will need to meet the following qualifications: be open for at least six months, have a personal credit score of 650, and bring in annual revenue of $120,000.
Triton Capital – equipment Loans and financing
Triton Capital offers equipment financing with a maximum loan amount of $250,000. Borrowers will need to meet repayment terms between 12 to 60 months. You can expect an estimated APR between 5.99% to 25%.
The requirements for Triton Capital are a bit more rigorous, including the following guidelines: be in business for at least two years, have a personal credit score of 600, and bring in annual revenue of $250,000. Depending on your circumstances, you may be eligible for funding as a startup but you can expect much higher costs.