October 29, 2020

The Top 13 Business Funding Platforms For Small Business in 2021

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If you are a small business that is looking for funding, finding the best small business loan platforms for your business is your top priority. But with all of the options available to you, how do you know which one is the best option?

How Do You Find The Best Business Funding Platforms?

The goal here is to take some of the best options available to help you compare these options, making an informed decision as to which one is the best choice for your business.

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David Allen Capital

You may be wondering why you should use David Allen Capital for SMB funding. Some of the options you have when you turn to David Allen Capital are emergency loans, business capital, payment processing, and emergency loans.

There are only basic minimum qualifications to qualify for loans offered here, such as being in business for a minimum of 4 months, have over $100,000 annual revenue, and a credit score of over 500.

The loans are extremely easy to apply for, with a simple application that you can send out to several funding options.

You can also get your money quickly, so you don’t have to wait for the funding that you need as soon as possible.

When you apply for funding through David Allen Capital, you have various options as what type of funding you can apply for.

Do you just need money to help cover your inventory or stock? Do you want a business line of credit? You can get the funding services your business needs from a single location.

Fundwise Capital

One of the most important things for you to know about Fundwise Capital is that this isn’t a lender, rather a platform that connects small businesses with 3rd party funding. There are a few appealing things about this option.

For one thing, there is no collateral required to get funding. This is especially appealing for small businesses that are starting up and don’t want to risk their personal assets for their business.

There are also several financing types available to you, helping you ensure that you get the exact funding that you need for your services.

There are also some downsides to consider. There are high credit score requirements, meaning that it can be hard to find funding through this platform.

The rates can also be more expensive. Lastly, it can take longer to disburse the funds.

If you are a startup or small business, this can be a great option for you to consider.


OnDeck has the benefit of being a highly reputable lender, meaning that you can borrow money from them with confidence. This is a versatile option, allowing you to choose from business lines of credit as well as term loans.

The terms and conditions for working with OnDeck is easy to understand and completely transparent, ensuring that there are no surprises when you borrow money.

You also get fast and flexible funding, so you can get the money you need, when you need it.

There are also some downsides to look at with OnDeck. There are origination fees, which means they are one of the more expensive lending options.

Another downside is that there is a weekly repayment schedule rather than monthly.
This loan option only requires you to have a minimum credit score of 600, minimum annual revenue of $100,000 and you must have been in business for at least 1 year.

Commercial Loan Direct

Commercial loan direct is a notable company that is a correspondent lender. There are over 200 business loan products for small business owners to choose from.

One of the best things about this platform is that you have knowledgeable experts that can help you find the perfect loan solution for your business.

You can get customized services that allow you to get the best solution for you. If you have any questions, you can ask and a professional to get great advice on how to proceed and which solution best meets your needs.

This company can negotiate rates for you, which is another reason why this can be a great choice to consider.

The downside is that this is primarily a site for getting a commercial mortgage, but there are some other options that you can find here to help your business.

This platform is easy to use and it is a reputable company.

National Business Capital

National Business Capital is a platform that connects you to over 75 lenders. This is a platform that works best for new businesses that are in a high-risk industry.

The minimum credit score is over 300, depending on the loan option you are considering. You also need to have been in business for at least 3 months and have over $120,000 in annual revenue.

If you are a small business that has had issues finding funding through traditional options, National Business Capital could be the solution you are looking for.

Some funding options that you can choose from here include business line of credit, SBA, and equipment financing.

The biggest downside with this loan option is the transparency when it comes to how costly the loans are.

They don’t offer any APR information, which can be a deal-breaker for some businesses who are looking for funding.

Another downside is that it has a higher annual revenue requirement to get accepted.


GoKapital tries to offer funding solutions that you may not be able to get when it comes those who struggle getting traditional funding.

This company offers a wide array of loan options for you to choose from including merchant cash advances and revenue-based loans.

To qualify for a loan at GoKapital, you need to have a minimum $10,000 average of monthly revenue.

There are a few benefits to using this approach. One benefit is that you are more likely to be approved with GoKapital and in some cases, you can get your money quickly.

There are some downsides to consider as well. One downside is that the terms and pricing for their services are not transparent. You may also end up with a different option that you really wanted as well.

Lastly, GoKapital is a marketplace so that the loan that you get may not be the company that services your funding.

Guaranteed Business Funding

At Guaranteed Business Funding, you can select a variety of different funding options depending on what your specific needs are.

When applying for funding here, not only do you have a great selection of funding options but you also can approved and funded in about a week. You don’t need to have as many documents when you apply for alternative funding here than if you were to go to a traditional bank for a loan.

If you want a fast and easy solution, then going to Guaranteed Business Funding can be a great solution.

A downside is that you will often pay more for your loan when you go with funding here. However, you can be more likely to get funding even if you are a higher risk business.


Kabbage is a small business funding platform that offers lines of credit for your business. This is a different option than a term loan. Term loans are and upfront sums of money that you pay off in installments according to your loan terms.

Kabbage offers lines of credit, meaning that you can use only the amount of credit that you need and pay only based on what you borrowed. As you need more money, you can pull more from your line of credit.

There are no minimum credit requirements for small businesses who choose this funding platform. You just need to earn $50,000 in annual revenue and have been in business for at least a year.

It’s quick and easy to apply for this funding, and there is no penalty for prepayment.

However, you may end up paying higher rates than with other lenders. It also has a more complicated payment structure, which may be confusing to lenders.


Lendio is a funding marketplace for small businesses to find the best loans for their individual needs. This marketplace offers flexibility in the rates and terms of the loan since there’s so many options to choose from.

There are also a wide variety of funding options to choose from including SBA loans, business line of credit, startup loans, equipment financing, and short-term loans.

To qualify for funding, you need to have been in business for a minimum of 6 months, have a minimum monthly revenue of $10,000, and a credit score of 560 or higher.

What’s great about Lendio is that the application process is extremely easy to go through and is free.

You can check out various loan options without worrying about how it will impact your credit score.

With this network of over 75 lenders, you can get the best loan option for you after searching in one convenient location.

SunWise Capital

SunWise Capital is an online lending platform that can provide several different types of small businesses across various industries. They can offer loans for all of the 50 states, with the flexibility of providing a repayment schedule that works for your business.

To qualify for a loan with SunWise Capital, you need to have a minimum of $150,000 annual revenue and a minimum credit score of 500.

There are low rates, if you have stellar credit. This company also has an incredibly easy application process and you can get your funding quickly.

One downside with this option is that there is a higher minimum revenue requirement to get accepted for your loan.

Another downside is that if you choose the daily repayment option, this can have a negative impact on your profits.

Whether you have excellent credit or less than impressive credit, there are funding options for you at SunWise Capital.


Based out of Scottsdale, AZ, Next-Financing is a lending platform that specializes in a wide variety of funding options for small businesses.

Some people can get approved within 24 hours and get their funding shortly after. You also get the benefit of having a quick and easy application process, requiring fewer documents.

At Next-Financing, you also get a team that is ready to answer any questions or offer advice throughout the process.

A downside is that you typically pay higher interest rates when you work with an alternative funding platform like Next-Financing.

Credit Suite 

To qualify for a loan with Credit Suite, you need to have a credit score of over 500, a minimum of $15,000 monthly revenue, and have been in business for at least 6 months.

The biggest benefit of getting a loan with Credit Suite is that the application process is very simple and you can potentially get your funding within 48 hours.

Another benefit is that they have a variety of funding solutions such as working capital loans, business lines of credit, merchant cash advances, and a business expansion loan.

There are also some downsides to consider. The biggest downside is that you need to give a personal guarantee to back your loan, which could put your personal credit in danger.

It can also be harder for you to get a loan here is you have some financial issues.

Business Credit and Capital

At Business Credit and Capital, you can get a merchant cash advance funding option for your business. This company prioritizes making the application process a simple and easy one.

To qualify for a loan here is to have at least $3,000 monthly in your credit card sales. You must also have been in business for a minimum of 1 month.

Other requirements include that you must not have any open bankruptcies and you need to have at least 6 months remaining on your lease.

The biggest downside is that the interest rates can be very high when you get funding from this company. It also doesn’t have the most ideal terms for repayment.


These are all great options to consider when looking for the best small business funding platforms. You really need to think about what your specific needs are, as this can help you make an informed decision when it comes to getting funding for your small business.