The Business Backer
Small Business Loans

Apply for Funding

Perfect for business owners looking for a manageable source of funding.

How It Works

Get up to $200,000.

Get up to $200,000.

Repay over 4 – 18 months.

Repay over 4 – 18 months.

Payment frequencies range from daily to monthly.

Payment frequencies range from daily to monthly.

1.1 – 3.5% monthly interest.*

1.1 – 3.5% monthly interest.*

*Average rate is 2.2% monthly interest and 25.8% annualized interest rate. Does not include average origination fee of 3%.

Borrow More
When You Need It

Need more funds? No problem! If you’re approved for a second small business loan before you repay your first, we’ll discount 100% of unpaid interest on your first loan and only roll your existing principal into your new loan agreement. That way, you don’t pay interest on interest.

Manageable Payments

Qualified customers will be able to repay semi-monthly or monthly, giving them more control to make payments when it works for them.

Save When You Pay Early

If you want to repay your loan early, we want to help you out! With our small business loan, you pay a fixed interest cost, so you'll never be caught by surprise. And customers in good standing who pay off their loan early get a 35% discount on their unpaid interest cost.

Example Loan:

Loan Principal:$50,000
Sample Term:12 months
Fixed Interest:$12,000
If you pay in...

Three Months

Discount

$2,424.77

What You Pay

$9,575.23

If you pay in...

Six months

Discount

$1,113.53

What You Pay

$10,886.47

If you pay in...

Nine months

Discount

$277.35

What You Pay

$11,722.65

Fixed Interest Cost based on a 2% monthly interest rate and excludes fees. For illustrative purposes only. Rates and costs may vary.

Minimum Qualifications

Time in Business

Time in Business

You must have been in business for at least one year.

Annual Revenue

Annual Revenue

Your business must have an annual revenue of $180,000 or more.

Business Location

Business Location

You must be located in DE, IA, ID, KS, KY, LA, MA, MD, ME, MN, NE, NH, PA, SC, UT, VA, WA or WY.