The Business Backer
The Business Backer was founded in 2007 and is headquartered in Blue Ash, Ohio. They have financed businesses with more than $4 million. The publically traded company offers several types of funding, including equipment loans, working capital, lines of credit and traditional loans.
Quick application: The application process for funding from The Business Backer takes less than five minutes. Interested consumers can fill out an application online or by phone.
Qualifications: The basic qualifications for a business to receive funding are listed on The Business Backer’s website. The company considers the unique situation of each business in addition to its yearly profits and the owner’s credit history.
Learning Center: The Business Backer website has a wide variety of resources for anyone interested in securing financing for their small business. The Learning Center portion of the website has free webinars, business news, blog articles, and a free ebook.
Traditional capital: Business owners can work with The Business Backer to access loans from other sources. When appropriate, the company connects customers with the best traditional capital source to meet customers’ needs.
Revolving lines: The Business Backer lets customers who are still repaying an earlier loan apply for additional funds without refinancing their pre-existing loan. They call this a revolving line, and it allows customers to access more capital without paying fees associated with the first account a second time.
Best for: The Business Backer caters to small and medium-sized businesses, offering several financing options.
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