Business Loan Lenders
There are many alternative business finance companies but not all offer unsecured term loans. We put together a list of lenders that do offer a business loan product that go directly to the merchant or that have a large ISO client base for deal flow. Rates, maximum funding amount and terms vary. Some are funding companies who recently introduced a loan and others who have been doing so for quite some time, but they may also offer lines of credit, merchant cash advances, equipment financing or other business financing products.
We suspect there will be more to add to this list in the future as funders start to diversify their product offering in order to stay competitive, keep the merchant in the product life cycle or adjust in the quickly changing market of alternative business financing and fintech overall. Several companies have started following the term loan product that is structured legally as a simple interest loan but seems very similar to a factoring product like an MCA. The key is in the language and terms in the contract which should be thoroughly explained by ISOs and brokers to the merchant..
This is not an endorsement for these companies so please perform your own due diligence before working with them.