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We Researched Popular Online Small Business Lenders So You Don’t Have To

For small businesses looking for working capital, the choices can be daunting. We researched today's most popular lenders and here's what we found.

According to a recent Forbes article, small business lending is currently at its highest point in this century. The economy is relatively strong and interest rates are low making this an excellent time for small businesses to take out loans to grow. We researched three of the most popular small business lenders on the market, and here’s what we found…


Kabbage offers a flexible line of credit for small business owners with very little obligations. There is no fee to apply, and there are no fees associated with accessing and using your funds. Kabbage has a convenient online platform and even an app to manage and withdraw your funds from. The application process is straightforward and can be completed in just minutes.

Small business funding options that fit your business.

Kabbage offers lines of credit up to $250,000. They are unique in that they don’t charge interest on your loans, but they do charge a monthly fee for using their services. There are no prepayment penalties and paying off your balance early saves you in the long run. The payment schedule is given to you before you accept the terms of the loan so there aren’t any hidden fees or surprises after you sign.

Kabbage also has excellent reviews. It has an A+ rating from the Better Business Bureau, and it is rated 9.2 on Trustpilot. Featured in TIMES, Bloomberg, and Forbes, Kabbage has made a name for itself in the small business lending industry.

Learn More About Kabbage



OnDeck is a small business centered lender with mentors and educational opportunities available for users in addition to their lending services. They use a variety of methods to determine eligibility, not just credit score, which can be helpful for business owners who are just starting out and don’t have the best credit. Applying for their lending services is quick and easy, with decisions coming back in just minutes. OnDeck has excellent reviews as well. From the Better Business Bureau, it has an A+ rating, and on Trustpilot it is rated as 9.8.

Fast efficient funding with ongoing support from a knowledgable advisor.

OnDeck offers traditional lines of credit as well as term loans. They offer up to $100,000 in a line of secured credit with interest rates as low as 13.99% APR. Their term loans can extend up to $500,000 with interest rates as low as 9.99% AIR.

OnDeck is unique in its ability to partner with businesses. They offer several different avenues for partnership from enterprise platforms to affiliate and referral programs. They also reward returning and loyal users with additional perks and benefits. It should be noted that OnDeck has a list of industries that they do not work with. The restricted industry list includes: adult entertainment, drug dispensaries, firearm vendors, government organizations and non profits, public administration, fortune telling or astrology, religious and civic organizations, as well as several others. They also reserve the right to deny services to any business at their discretion.

Learn More About OnDeck


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Fundbox is a lending service which prides itself on fast, easy lending with customer-centered care. Most lending decisions are made within 3 minutes of applying according to their site. They do not charge for application fees, only charge on funds that are used, and offer benefits for paying off the loan early.

Revolving lines of credit for small businesses that are super easy to use.

Based on 1,152 reviews on Trustpilot, they’ve earned a rating of 9.6. They have been featured in The New York Times, Forbes, and WIRED to name a few, and they are a Better Business Bureau accredited business. Their client base is over 100,000 businesses. They strive to educate customers on finances and empower women and minority-run businesses to succeed.

One of the benefits of Fundbox is that they emphasize financial education and offer several different options for financing and offer alternatives to taking out loans through their services. In comparison to the other two companies we’ve discussed, Fundbox operates through offering revolving lines of credit, meaning that after the sum due each week is paid, that amount of funding is available again.

Fundbox outlines several application guidelines including a business checking account with at least 3 months of activity and ideally a minimum of $50,000 in annual revenue. They include that the average Fundbox customer earns over $250,000 in annual revenue. Fundbox charges a weekly fee in addition to the repayment of the loan over the course of 12 or 24 weeks. They offer several calculators on their site to determine the exact amount of money and payment schedule that would accompany your loan. In terms of ease of use, Fundbox’ site is very user friendly and their value of consumer education is apparent.

Learn More About Fundbox


Wrapping It Up

When it comes to the positive impact that technology disruption can have on traditional industries, small business lending is a great example. Todays modern business owners benefit from financing options that are faster, smarter, friendlier, and easier to manage. The companies mentioned above represent just a small percentage of the providers offering businesses the critical capital they need to operate and the industry shows no signs of slowing down which is great news for business owners everywhere.