Business Financing

Find the type of financing that’s best for your business.

Apply for Funding

The Business Backer is temporarily not accepting new applications.

What Is Business Financing?

Business financing is the funding businesses use for opportunities, obstacles and everything in between. For small business owners, there are a variety of ways to get the working capital needed.

When you’re searching for business financing, weighing your options is critical. You have to be sure you’re aware of all costs and fees associated with the funding, and whether the repayment terms required by the business lender work for your business in the immediate and long-term future.

How to Get Business Financing

Business financing can be acquired in a number of ways. The key is to find the right type of funding at the right time for your business. You might consider some of the following options.

Banks and Credit Unions

Banks and credit union loans are traditional types of business funding that typically come with low interest rates. However, many businesses have trouble getting approved for these types of loans, and the application process can be long and require a lot of paperwork.

Business Credit Cards

Business credit cards can be a fast way of financing a business. They allow businesses to pay more or less each payment period, so long as a minimum payment is met. This flexibility can come at a cost though, as business credit cards can have a higher interest rate than other forms of business financing.

SBA Loans

The Small Business Administration offers grants and government-backed loans for small business financing. The application process can be time-consuming and strenuous. Applicants must meet certain criteria and demonstrate commercial interest in their service or product.

Non-Bank Lenders

Non-bank lenders are a popular choice. A non-bank lender typically offers a relatively quick application and approval process. You can often find out what you qualify for in one day, and receive funding much faster than you could from a bank.

Types of Business Financing From The Business Backer

There are three funding options available through The Business Backer.

Fixed amount up to $200,000

Headway Capital’s revolving credit line up to $100,000

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 the same business day, if approved.*

Apply for Funding

The Business Backer is temporarily not accepting new applications.

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FAQ About Business Financing

Is business financing the same as a business loan?

Business loans are a type of business financing, but there are many other ways of receiving business financing. The goal is to choose the type of business financing that is best for your business. For help finding the right type for your business, contact The Business Backer today.

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