Commercial Finance Companies - refers to a company that makes loans to

commercial businesses or helps finance the sale of a company's products to its

customers. Commercial finance companies are non-banks lenders that provide small
business loans. They are also often referred to as private business lenders.

Here are the best commercial financing companies of 2019:

1. Lending Club - is a term loan lender offering loans ranging from $5,000 to
$300,000. Their terms are slightly shorter than what you might find with a bank,
ranging from 1 to 5 years.
And finally, they’ll have slightly higher interest rates than a bank, starting at
5.99% and going up to 29.99%. However, as far as online loans go, Lending
Club offers some of the most competitive rates in the online lending space.
Another major benefit of Lending Club is that they report to the business credit
bureaus. Business owners looking to build business credit will benefit from using
a Lending Club loan responsibly.
2. Funding Circle - is another term loan lender that offers a similar product to a
bank loan. It’s a term loan ranging from $25,000 to $500,000 structured with
monthly payments. Terms last for 1 to 5 years and rates range from 5.27% to
27.79%.
Funding Circle is one of the most affordable commercial finance companies on
the market, if you can qualify for them. You’ll need to have been in business for
at least 24 months and have a minimum credit score of 620. However, they don’t
set a hard and fast rule for annual revenue requirements, so businesses with low
revenues might still be able to qualify.
3. Fundation - is the third top-tier commercial finance company for term loans.
They offer a loan product of up to $500,000, with terms of 1 to 4 years, and
rates ranging from 7.99% to 28.99%.
Fundation is a great fit for more established businesses that are looking to grow
their companies, but need more working capital to do so. If you aren’t willing to
wait for a medium-term loan from a bank, Fundation can give you a low-cost
financing option within days.
4. LoanBuilder, a PayPal Service - offers fast, accessible short-term loans.
To qualify, borrowers need a minimum of 9 months in business, and a credit
score of at least 550. However, they’ll also take into account your annual
revenue, number of employees, and credit activity. LoanBuilder determines
 eligibility on a case by case basis, so they don’t put a hard threshold on the
minimum requirements.
LoanBuilder offers short-term loans ranging from $5,000 to $500,000, term
lengths of 13 to 52 weeks, and flat fees ranging from 2.9% to 18.72%. With only
a flat fee that’s relatively low, LoanBuilder offers some of the most competitive
rates for short-term loans.
5. Direct Capital - offers a short-term loan that borrowers pay back with fixed-
daily payments. Loans can go as high as $150,000, terms from 6 to 18 months,
and rates ranging from 17.90% to 24.90%. If you get rates on the lower end of
this spectrum, you’ll be getting pretty low rates for the short-term lending space.
If you’re looking for fast and easy-to-access funds, Direct Capital could be a
good fit. In the best-case scenario, you could have the funds in your checking
account the same day you apply.
6. Kabbage - offers a shorter-term line of credit designed to provide working
capital for business owners who need quick access to capital.
Kabbage lines of credit range from $2,000 to $150,000, with terms of either 6
months or 12 months, once you draw from the line. Kabbage also charges a flat
monthly fee of 1.5% to 10% on your remaining loan amount, depending on your
creditworthiness.
Kabbage is one of the fastest and easiest lenders to work with, so if speed and
accessibility is a priority for you, Kabbage could be a good fit. They don’t set a
minimum credit score, and can fund borrowers as quickly as the same day they
apply.
7. OnDeck - is another option for an accessible short-term line of credit. OnDeck
offers lines of credit ranging from $5,000 to $100,000, with terms of 6 months,
and APRs between 13.99% and 36%.
Whereas Kabbage doesn’t have a minimum credit score requirement, OnDeck
sets minimum threshold for personal credit at 600—paired with 9 months in
business and at least $100,000 in annual revenue.
8. Fundbox - is one of the most popular commercial finance companies offering
cash advances for your outstanding invoices.
They’ll offer up to $100,000 in an advance for your invoice value, and will charge
a factor fee of 0.5% each week that your invoice remains unpaid.
Fundbox is a great option for borrowers looking for an easy application process—
they have one of the quickest and automated processes out there. Beyond their
 ease, Fundbox is great for younger businesses or business owners that might not
have good credit and can’t get funds elsewhere.They do not check your credit
score and only require 3 months in business.
9. BlueVine - is another popular invoice financing company in the space. They’re
an especially good option for business owners who have very large outstanding
invoices, as they can offer an advance of up to $2.5 million.
Like Fundbox, BlueVine is another great option for business owners who need a
fast and easy financing solution. You can complete the entire application process
online within minutes and get the funding you need in as soon as a day.