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 offer a business loan product that deal directly with merchants or that have ISO partners to bring in files. 

Rates, maximum funding amount, and terms vary. 

Some funding companies below have recently introduced a loan product and others 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.

Some Pros of obtaining a Business Term Loan:

  • One of the main advantages of a term loan is its payment structure. Unlike other types of financing, term loans have a set payment schedule. This means that you can track and know exactly how much money you owe each month.

  • A business term loan is flexible and can be used for a wide variety of business purposes. Usually, most loan providers will allow you to use their loan for a variety of purposes.

  • Online lenders can provide fast and flexible term loan solutions to businesses. Although banks and credit unions can also offer term loan solutions, they typically require more time to fund.

  • Term loans are typically the best way to finance large business investments. They can provide you with access to large amounts of capital over time, and they're also great for building credit.

This is not an endorsement for these companies so please perform your own due diligence before working with them.

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Ascentium Capital

Need cash in a hurry? Get on the fast track with Ascentium Capital. Their short-term business loans provide the cash you need to drive growth and accelerate profits.
With an Ascentium Capital short-term business financing, you’ll get the working capital you need to not just survive, but also thrive. Use the cash to expand, purchase inventory, advertise, or even pay taxes. They will work with you to get a fast and flexible loan that meets your specific needs and budget.
Ascentium Capital’s business working capital loan approval process isn’t just based on your credit score. Instead, they take a complete, holistic view of your business, allowing us to make short-term business loan decisions quickly, and to deliver credit approval for up to $250,000 of working capital.
  • Simple credit application
  • Flexible terms from one to 24 months
  • Fast approvals with same-day funding
  • Convenient business loans (not a cash advance on future sales)
  • Flexible uses for funds for your diverse business needs
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Breakout Capital

Built on the pillars of transparency, honesty, and doing what’s right for small business. And we mean that. We’re working for small businesses every day, providing responsible working capital solutions tailored specifically for your business. Our tagline says it all: Empowering Small Business. We want to put the financial control back into the hands of small business owners and allow you to focus on what you do best: running and growing your business.


Flexible Payback Schedule Daily, Weekly, or Monthly!

  • Up to $1,000,000

  • Up to 24-Months

  • Starting at 1.25%/Month


  • Time in Business -1 Year

  • Minimum FICO - 600

  • Profitability Required - No

  • Monthly Minimum Revenue - $10,000

  • One-Time Origination Fee - 1-5%

Rebate for Prepayment - Rebates are available and are tailored for bridge loans

Lower Interest Costs - Their loans with your factoring can lower interest costs.



* The Fundbox Term Loan offering is currently in beta(as of 06/21) and is not available to all applicants.

No origination fee - Unlike other term loans, there is no origination fee to establish a
Fundbox Term Loan.
No prepayment penalty - Flexible terms to meet your needs—pay off your loan early
with no prepayment penalty.
Move fast, confidently - Complete your business loan application in just a few easy steps and you can get a credit decision in minutes. Funds transfer as soon as the next business day.

  • Get a one-time loan up to your approved limit   

  • Choose a 24 or 52 week repayment plan

  • Borrow funds with no origination fee and repay early with no prepayment penalty

  • A term loan may be right for you if you’re looking to make an upgrade or invest in a large one-time expense like new equipment


Idea Financial

Idea Financial is a direct business lender offering business loans.
Idea Financial offer business loans and working capital loans with great terms and a low APR. We can provide a fast cash infusion to help your company grow and succeed. Let us help you build a loan that fits your business.
  • Commercial loans with no fees

  • No charges for early repayment

  • Borrow up to $250,000

  • Business loans or lines of credit available


  • Has operated for at least 2 years.

  • Business earns at least $15,000 in monthly revenue.

  • Must have a credit score of at least 650.

  • Business is not a sole proprietorship or a non-profit entity.



LendThrive offers Fast and flexible Fixed Rate Business Loans to support your goals.
  • Amount - Up to $150K 
  • Rate Reduction Rewards - Lower rates over time
  • Approval - In 24 hours*(although some up to 48 hours)
LendThrive’s Fixed Rate Business Loan provides funds in a simple way, with minimal paperwork, fast approval and zero hassle, so that you can focus on growing your business. Plus, you have the option to pay back the loan at any time because we never charge a penalty for early payment
Make your payments on time -> Get rewarded with declining interest rates -> Save, reinvest and drive your business forward
Accept Terms, Close the Loan and Get Funded!


Whether things are slow or you need to grow, LoanMe is here. What is clear now more than ever before is that our success as a company comes second to our customers’ success in securing the resources they need to create a path forward for themselves.

Need a new piece of equipment? Waiting on a receivable but need cash now? We help business owners like you get the job done. 
Our talented business specialists can help you get the funds you need fast.



See what you qualify for now with their secure online form
Pre-qualify quick and get help even quicker with funds available for you in as soon

as 3-4 hrs.
With over $3.5 billion in loans funded, LoanMe continues to make the impossible possible for the communities we serve.



Newtek Business Services Corp. (NASDAQ: NEWT) and its portfolio companies are premier providers of business solutions that are designed to help organizations grow sales, reduce costs, and minimize risk.
We can often do what banks can not, including:
  • loans from $1,000 to $15 million
  • payback terms as long as 7 to 25 years
  • 48 hour pre-qualification turnaround
  • they complete ALL application documents for you
  • you get a dedicated lending specialist throughout the process
  • refinance existing debt, working capital


Created to support and empower small businesses, OnDeck is 100% committed to serving our customers with the smartest financing solutions and world-class service. OnDeck is the secure financing service that business owners everywhere can
truly rely on.

Every business is different. You can customize an OnDeck Short Term Loan to meet your needs. Short term loans are a great option when you need to borrow money for a specific investment in your business, like starting a new project, expanding, or making a large purchase.
With an OnDeck short term loan, you get a one-time lump sum of cash to use for your business as you see fit. You’ll have your funds as early as the day you finalize your loan, and you can pay it back on your schedule to match your specific project timeline.
  • Loan amounts of $5K-$250K
  • Repayment terms up to 24 months
  • Automatic daily or weekly payments
  • Same Day Funding
  • Prepayment Benefits
  • Business credit building
  • Transparent pricing
  • Loyalty benefits