Alternative Business Loans

Explore non-bank business funding options.

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The Business Backer is not accepting new applications.

Alternative Business Funding

It can be difficult for newly opened businesses to secure bank financing. Banks often only provide funding to established businesses that have been open for a long period of time and can show a proven track record of steady profit — something that is difficult for businesses that are just getting started.

For businesses that cannot meet the strict requirements for bank funding, alternative business loans could be the best way to get the working capital they need. Though the exact type of funding will vary, most types of alternative business lending tend to have quick online applications, fast funding and typically higher chances of approval.

Types of Alternative Business Funding

Private Lenders

Private business lenders are a popular alternative funding choice. These web-based companies offer quick online applications and fast funding — sometimes as soon as the next business day — and use different factors than banks for determining funding eligibility.

The most common types of loans offered by private lenders are:

Peer-to-Peer Lending

Also known as crowdlending or P2P lending, peer-to-peer lending is a relatively new kind of alternative, online business funding.

A business in need of funding can sign up with an online peer-to-peer lending company. The P2P company will then directly match the business with a private lender that fits the business’s particular needs.

The actual type of loans will depend on the lender the peer-to-peer company matches the business with.


Entrepreneurs often seek out crowdfunding sites to raise the funds they need to complete their goal. Anyone can donate to the campaign, and, depending on how much they donate, they can often receive different perks from the campaign creator.

Campaigns tend to be “all-or-nothing,” where failure to reach the goal means the creator doesn’t see any of the money. However, some crowdfunding sites offer flexible plans for retaining the funds, no matter the campaign outcome.

Business Funding From The Business Backer

There are three products available through The Business Backer that can be used to cover business financing needs.

Fixed amount up to $200,000

Revolving credit line up to $100,000 offered through our partner Headway Capital

Purchase of future receivables agreement up to $200,000

From Application to Funding in 3 Easy Steps

  1. Apply online.

    One of our experienced Funding Advisors will call you shortly.

  2. Receive a decision.

    Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.

  3. Receive your funds.

    Sign your contract and receive funds as soon as next business day, if approved.

Apply for Funding

The Business Backer is not accepting new applications.

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