How much do you want to borrow?70,000
Weekly Payment Amount$424.00
Small Business Loans
Financing designed to meet the everyday
needs of small business owners.
Online Business Loans for Larger Expenses
When business owners need a business loan, they’re typically looking for a lump sum of cash that is repaid (with interest and fees) in fixed installments over the course of several months or years. These types of business term loans are the most common type of small business loans. But not every business owner can qualify for a business loan from a bank. They may not have a high enough credit score, or they haven’t been in business long enough. Some businesses just need money quickly and don’t want to wait for a bank to make a decision. That’s why non-bank lenders such as The Business Backer offer online financing that can help business owners who don’t qualify for (or don’t have time for) traditional small business loans.
Finance With a Lender That Understands Your Needs
Running a small business takes determination and hours of hard work. That’s why we crafted our small business loans to help you spend less time worrying about financing and more time driving your business toward success.
The Business Backer’s small business loan is a term loan, meaning you get a lump sum payout that you pay back over a set repayment period, plus interest and any fees. Our application process takes just minutes, and as long as we have all the required documentation needed, you can receive a decision within hours. We also make sure you have the flexibility to choose the repayment schedule that best fits your small business’s finances.
Time in Business
The Business Backer is not accepting new applications.
Popular Uses for Small Business Loans
The best small business loans provide the money you need with an achievable repayment term. They can be used for any business needs, but are most commonly used for the following expenses.
Expansion or Renovation
Adding New Services
Why Choose Alternative Financing Over Traditional Bank Financing?
Have straightforward qualification requirements
Are decided same-dayon applications received before 10 a.m. ET
Offer next business day funding‡
Cater to new businesses open for at least 1 year
The Business Backer is a non-bank lender. Unlike traditional bank financing — which often has stringent requirements and a weeks-to-months-long application and funding process — financing from non-bank lenders can offer a faster and smoother application and funding process.
Our online application requires minimal or no paperwork. Applicants can either submit the last 3 months of business bank statements, or they can connect to our e-bank provider, Plaid. If approved and contract signed, funds can be delivered to the desired bank account in 1-2 business days.‡
Breaking Down the Cost of a Small Business Loan
This is an example of the costs that are a part of every small business loan we fund.
One-time fee that will be deducted from your loan proceeds.