Top 10 working capital loan providers in the US
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| working capital loan providers |
1. Kabbage
The United States is home to some of the world’s largest and most influential banks. These banks offer a wide range of products and services, including working capital loans. Working capital loans are a type of loan that is used to finance the day-to-day operations of a business.
There are many different working capital loan providers in the US, each with their own strengths and weaknesses. In this article, we will rank the top 10 working capital loan providers in the US based on a number of factors, including loan amount, interest rate, and term length.
2. OnDeck
2. OnDeck is a technology-driven financial services company offering a wide range of products and services to US small businesses. OnDeck was founded in 2006 and since then has become one of the premier working capital loan providers in the US.
OnDeck offers short-term and long-term loans to small business owners in need of working capital. The company also offers lines of credit, as well as a variety of other services to small businesses. These include financial consulting, marketing services, and business advice.
OnDeck’s working capital loans are some of the most competitive in the US. The company offers loans with amounts of up to $250,000 and terms of up to three years with fixed interest rates. OnDeck has a streamlined application process and businesses can typically get a decision within a few minutes.
3. CAN Capital
3. CAN Capital
CAN Capital is a working capital loan provider that specializes in offering short-term loans to small businesses in the US. Established in 1998, CAN Capital offers access to capital within three business days and has been the leading provider of business loans to small businesses in the US.
CAN Capital’s short-term loans are designed to bridge funding gaps and range from $2,500 to $200,000 and have terms of up to 18 months. These loans come with competitive interest rates and businesses can receive a decision in just 48 hours.
CAN Capital also offers access to equipment financing, invoice factoring, and credit card receivables financing, as well as online invoice processing. The company has a straightforward application process, and with its financing solutions, businesses can get the capital they need to keep their operations running.
4. Fundbox
4. Fundbox
Fundbox is a fintech platform with working capital loan products and services for small business owners. Fundbox’s loans enable business owners to get access to capital quickly and efficiently by utilizing their latest technology.
The platform provides easy access to funds for businesses of any size and can provide loan amounts from $50,000 to as much as $150,000. The loans come with repayment terms from 12, 24, or 48 weeks, and businesses can get the funds they need in as little as 1 business day.
Fundbox’s loans are mainly used to cover operating expenses, such as salaries and other business-related expenses. The platform is a simple and easy to use solution that enables businesses to quickly and efficiently access working capital loans.
5. BFS Capital
5. BFS Capital
BFS Capital is an online platform that provides working capital loans to small businesses. The platform is designed to help these businesses get access to capital quickly, which allows them to grow and expand their operations.
BFS Capital loans can range from $5,000 to $500,000, and businesses can expect to get the money in their account within 24 hours. Repayment terms can extend from 12 – 24 months, and businesses can pay off their loan as early as 3 days without any penalty.
The platform comes with a convenient online platform that enables businesses to avoid complex paperwork and get the funds they need fast. BFS Capital also offers products such as merchant cash advances, equipment financing, and business lines of credit.
6. RapidAdvance
6. RapidAdvance
RapidAdvance is an online lender that provides working capital loans to small and medium business owners. It offers term loans of up to $150,000 and merchant cash advances of up to $250,000.
The repayment terms of the loan can be from 3 to 18 months. Funds can be made available within 3-5 days and can be used for a wide range of things such as working capital, payroll, hiring new staff, advertising, and more.
The application process is quite simple and straightforward. The RapidAdvance team is available for consultation and assistance throughout the application process and is there to ensure the best outcome for their clients. RapidAdvance loans are easy to access and offer quick repayment solutions.
7. Credibly
Credibly is one of the most popular providers of working capital in the US. It offers working capital loans up to $150,000 and can provide you with the funds you need in as little as 48 hours for a single business loan.
Along with its working capital loan options, Credibly also provides credit facilities for merchant cash advances, lines of credit, bulk invoicing financing, and equipment financing. The repayment terms can be from 12 to 24 months, depending on the loan amount.
The application process is easy and quick. The length of time to get approval is estimated at one business day and funding can be provided within 24 hours. Credibly offers fixed rates on the loans and easy access.
8. Fora Financial
Fora Financial offers small businesses working capital loans ranging from $5,000 to $300,000 for an array of purposes. The loan terms typically last 6 to 24 months. Fora Financial also offers a variety of other services such as cash advance, invoice factoring, business lines of credit, and more.
The application process can be completed in as little as 15 minutes. There are no upfront fees for the loan and it only takes 2-3 minutes to be approved.
Fora Financial has a team of experienced loan specialists to guide customers throughout the loan process. Their loan specialists can help with setting up the right payment terms and provide useful advice on how to manage funds.
Fora Financial places customer service as a top priority, which makes it an ideal choice for businesses that want a hands-on approach to managing their loans. It also provides a low-cost and customer-friendly approach to the process.
Overall, If you need working capital and you want a customer-centric provider, then Fora Financial may be the right choice for you.
9. BlueVine
BlueVine is one of the leading working capital loan providers in the US, offering loan terms from 13 weeks to 6 months. They offer competitive rates and the application process is simple and straightforward.
BlueVine also offers nontraditional funding options such as invoice advances. This is a way for businesses to get paid upfront for future invoice payments from customers. It’s a great way to improve cash flow and cover short-term working capital needs quickly.
BlueVine also recently expanded its offerings to include lines of credit and term loans. This makes it easier for businesses to access working capital loan funds when needed without having to re-apply every time.
Overall, BlueVine is an attractive option for businesses looking for working capital loan options quickly and easily, combined with competitive rates and customer-centric service.
10. National Funding
National Funding has been providing lending solutions to businesses of all sizes since 1999 and working capital loans are an attractive solution for businesses that need funds in the short term.
National Funding offers multiple loan solutions depending on the needs of the business and the type of funding required. One of their most popular solutions is their working capital line of credit. This credit line allows businesses to access capital when needed in order to meet short term capital needs quickly and efficiently.
The line of credit allows businesses to access funds up to $150,000 and offers competitive interest rates and access to funds in as little as 72 hours. The repayment terms are also flexible, allowing businesses to repay their loans over 6-18 months.
National Funding also offers term loans of up to $500,000 with competitive interest rates and payback terms of up to 72 months. This is an ideal solution for businesses with long term capital needs or projects.
Overall, National Funding is another great option for businesses looking to finance working capital needs in the US. They offer competitive rates, easy access to funds, and multiple loan solutions.
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