Start-Up Business Loan Reviews

Upstart is an online lending platform that offers consumer loans to qualified borrowers. It has relaxed credit score requirements, competitive terms and fees, and an easy application process. Upstart is an excellent resource for many people who do not fit the traditional model of a loan borrower.

EquityNet is an equity crowdfunding platform connecting businesses to investors. EquityNet is definitely worth a closer look if equity crowdfunding fits into your grand plan. But keep in mind that equity crowdfunding is a trickier field to navigate than rewards crowdfunding.

For smaller creators looking for a more seller-friendly platform on which to host their campaigns, Podia isn't a realistic alternative; the monthly cost is simply too high.

Fora Financial is an alternative small business lender offering merchant cash advances and short-term loans. Despite the potentially high origination fee, Fora Financial’s offerings are competitive with other funders that offer short-term financing.

Prosper offers personal loans that can be used for business purposes. Prosper loans are easy to apply for and easy to pay off. Be cautious of hidden fees or other unexpected clauses. Prosper is best suited for startups.

LendingPoint offers loans to consumers who have credit scores in the 600-680 range. It is a useful tool for people without the best credit profiles. It is suitable for startups but because of its narrow focus, the funding might work out for a very small number of entrepreneurs.

National Business Capital (NBC) is a lending-advisory service that links small business applicants to one of its 75+ lending affiliates. It is suitable for startups, new, and mature-but-credit-challenged businesses. Be cautious that you’re unlikely to get the absolute best rates.

Accion is a nonprofit company that offers small business loans for a variety of different purposes. It is a good option for startup and small businesses with relatively low credit scores that may not qualify for other loan options. But do note that Accion’s APR can potentially be high.

Discover Personal Loans offers personal loans that can be used for funding a start-up business. Borrowers with good credit would do well to consider Discover Personal Loans as a source of funding for their business start-up. Be cautious about their high interest rates and stringent borrower qualifications.

Fundable is less geared toward starry-eyed dreamers with wild ideas and more toward startups and companies with a solid plan of action. Fundable gives businesses the choice of launching either a rewards-based crowdfunding campaign (à la Kickstarter) or an equity-based campaign in which backers get a share of stock in the company in exchange for their backing.