If you’re approved, you could get your funds as soon as the next business day. To get approved, you’ll need a credit score of at least 600, and your business must be in operation for at least six months. With a National Funding business loan, you can borrow $5,000 to $400,000 or up to $150,000 with an equipment financing loan. Plus, you could qualify for an early payoff discount if you repay your loan ahead of schedule. Its short-term loans come with terms from four months to two years while you’ll have two to five years to repay a long-term equipment financing loan - longer than most of the lenders on this list. If you’re looking to repay your loan over a long period of time, National Funding could be a good choice. OnDeck’s interest rates also aren’t disclosed on its website, and its loans aren’t available in Nevada, North Dakota or South Dakota. Additionally, this lender charges an origination fee, and a prepayment penalty could apply if you pay off your loan ahead of schedule but don’t qualify for the 100% prepayment benefit option. Note that while you don’t have to provide collateral, an OnDeck business loan must be secured by a general lien on your business assets along with a personal guarantee. You might also qualify for rate reductions if you take out additional loans from OnDeck. If you’re approved, you could get your funds as soon as the same day (two to three business days for loans over $100,000 or if your state isn’t eligible for same-day funding). You’ll need a credit score of at least 625, and your business must be in operation for at least one year with a minimum annual revenue of $100,000. With OnDeck, you can borrow $5,000 to $250,000 with terms from 18 months to two years. This includes providing support via email and phone as well as assigning dedicated account managers to assist borrowers with their individual needs. OnDeck offers a robust customer service team to help its borrowers through the loan process.

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