The Business Backer started in 2007. The company offers purchase of receivables, small business loans, and Headway Capital's business line of credit services.

The Business Backer has a simple application process that takes minutes to complete. If approved, businesses can receive funding on the next business day or sooner after signing the company's contract. The Business Backer also supplies each borrower with a funding advisor who can provide financing information and assistance.

You can find The Business Backer reviews below if you want to know what customers have to say about this alternative lender and its services.

To qualify for a small business loan, businesses need $250,000 or more in annual revenue, a minimum credit score of 600, and at least one year in business.

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The Good

Loan Products
Payment Options
Revenue Loss Protection
Loan Discount

Loan Products

The Business Backer's loan products include the following for equipment financing and other cash flow needs:

Purchase of Receivables

Future receivables agreement up to $200,000
Term length: No set term
Payment frequency: Daily, weekly, or semi-monthly

Small Business Loan

Fixed sum of funds up to $200,000
Term length: 4-18 months
Payment frequency: Daily, weekly, or semi-monthly
Interest Expense Starting at 1.7% per month of the funded amount plus 1% – 8% origination fee

Business Line of Credit

Revolving credit up to $100,000 ($50,000 in Maryland and North Carolina)
Funds replenish as you pay back
Term length: 12, 18, or 24 months
Payment frequency: Weekly or monthly
Rates starting at 3.3% per month plus 2% draw fee

Terms and conditions apply on all loans. The interest rate depends on the borrower's eligibility, including working capital, credit score, and loan amount.

Payment Options

The Business Backer offers multiple payment options to customers including daily payments, weekly payments, and semi-monthly payments. These payment and delivery options can provide customers with more control over their funding. Many business loan companies only offer strict payment schedules.

Revenue Loss Protection

Unlike many other business loan companies, The Business Backer will work with small business owners to adjust their payment deliveries if their revenue changes. This service allows payments to be lowered in order to accommodate businesses that experience a drop in revenue.

Loan Discount

The Business Backer offers a 35% discount on non-accrued interest costs for customers who are in good standing and who pay off their loans early. The company provides an example loan feature to show customers the discount benefits. A business owner who pays off their loan early essentially gets rewarded. Also, if approved for a second loan before your first is paid off, any non-accrued interest is written off and the remaining principal is rolled over.

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The Bad

State Limitations
No Credit Cards

State Limitations

The Business Backer loan is only available in the following states: Delaware, Idaho, Iowa, Kansas, Louisiana, Maine, Massachusetts, Minnesota, Nebraska, New Hampshire, Pennsylvania, Utah, Virginia, Washington, or Wyoming.

The Purchase of Receivables product is available in all states.

No Credit Cards

It is unclear whether The Business Backer offers merchant cash advance or business credit card options.

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The Bottom Line

The Business Backer offers several payment options to help companies have more control over their payments. The company also provides a service to adjust deliveries if your revenue changes for their Purchase of Receivables product as well as a generous loan discount for those who pay off their loans early.

The majority of The Business Backer reviews are positive, highlighting attentive and helpful customer service as well as quick and easy funding. With a satisfied customer base, borrowers can have peace of mind knowing this alternative funding company is a trusted and quality company.

If you are a business located in The Business Backer's service area and meet the required credit score, we highly recommend the company for your small business financing.

View Best Business Loan Lenders

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User Reviews

Star Rating

4.5

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53 Reviews

Review Breakdown

5 grade

81%

4 grade

3 grade

2 grade

1 grade

Sentiment Criteria

Value

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Quality

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Service

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Trustworthiness

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LIA DI ANGELO Brooklyn, NY

This is the second time I get a loan from The Business Backer. Michael and Adam were great and within 24 hrs I go funded. All paperwork was done and e-signed nice and easy. They follow up with calls or text messages. Highly Recommended. Lia D A Westbury Floral Designs

2 weeks ago

Reply from The Business Backer

I'm happy with the service you received Lia Di Angelo. We thank you for your business and it is greatly appreciated!!

Oct. 6th, 2021

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Vartan Adjemian Clearwater, FL

Its very fast and not robotic approach which is very rare commodity in the current corporate structure

3 weeks ago

Reply from The Business Backer

We thank you for your kind words Vartan, it was our pleasure.

Oct. 6th, 2021

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Dave Copp Ponte Vedra, FL

I LOVE WORKING WITH RYAN AND HIS TEAM SO PROFESSIONAL AND ALWAYS GET THE FINANCING IN A TIMELY MANOR THANK YOU dAVE

3 weeks ago

Reply from The Business Backer

We thank you for your kinds words Dave. We appreciate your business.

Oct. 6th, 2021

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Pool Patrol Service, Inc. Charlotte, NC

Always an easy process with such professional people. They really seem to care about their clients needs.

2 months ago

Reply from The Business Backer

Thank you, we appreciate your business and kind words!

Aug. 9th, 2021

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Verified Customer

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Brooks Diesel Service Stratford, OK

Great to work with. Got my funds quickly and the customer portal is great to check into the status of my account and get in touch with The Business Backer.

1 year ago

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Greg Harveysburg, OH

The process of adding in funds to an existing loan could not have been easier or quicker. I clicked the link on my phone, entered the desired amount yesterday. Within an hour an agent asked for the last two months bank statements. This morning I was shown what my new payment would be. I was then sent DocuSign documents, I signed them and a couple of hours later I had the money. Easy peasy. Thank you.

1 year ago

Reply from The Business Backer

Hi Greg, Thank you for your detailed review. We appreciate your business!

Dec. 6th, 2019

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Verified Customer

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Anna

These guys are amazing! They help you and respond you in timely manner. It's a great pleasure to deal with this company. Gina is very friendly

1 year ago

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Verified Customer

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Karen Perricone

Good company, crappy rates especially for someone trying to build their business credit. But it seems companies like this are the only ones willing to help us up and comers

2 years ago

Reply from The Business Backer

Karen - Thank you for your review! We are sorry that you are not happy with our rates, but please keep in mind that we constantly monitor our customer's performance and provide rate reductions to those who qualify. Feel free to reach out to your Account Manager, Gina, if you have additional questions.

Jul. 17th, 2019

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XS Tractor LLC Millville, NJ

Working with Business Backer has been a wonderful experience! Walter S made the process of obtaining working capital for our company extremely quick and easy! All the terms and fees of the loan were explained upfront. I would recommend Business Backer, especially Walter to any business owner in need of immediate working capital.

1 year ago

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Kathryn Boyce Saratoga Springs, NY

It is a very easy, non stressful application process. Michele was very helpful and informative. I normally dread the loan process and digging up piles of info for the processing company, but this was so easy and took very little of my time and effort. It was a breeze. Thank you!

1 year ago

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David Atlanta, GA

The process of applying and getting funded was seamless. I think the best part was actually having a real person as a sales rep to answer any questions that I might have. My sales rep, Gina B, was there every step of the way.

2 years ago

Reply from The Business Backer

David - Thank you for the great review! We are thrilled that Gina helped make your funding experience easy and stress free. We look forward to a great partnership.

Jun. 20th, 2019

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FHCE Events San Francisco, CA

Great customer service. As a small business owner ( I own a local event rental and services business), I was skeptical of non-traditional financing, however Biz backer, was both very forthcoming with all my questions and accommodating to all my business specific needs. This is my third (and biggest) deal with them in the last few years or so .

2 years ago

Reply from The Business Backer

Thank you for your review and continuing to be a valued customer!

Jul. 17th, 2019

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N Jarrell Baton Rouge, LA

I received two loans from Business Backer. Very quick and easy. I will continue to use them for my funding needs.

3 months ago

Reply from The Business Backer

Thank you for your kind words N Jarrell, we appreciate your business!

Jun. 23rd, 2021

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Verified Customer

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Robert Young

Fast, easy service. Process is simple. They handle everything for you. Money can be in your account the next day.

2 years ago

Reply from The Business Backer

Robert - We are glad that our application and funding processes were simple, fast and stress free!

Aug. 19th, 2019

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Verified Customer

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Tiyodi Taylor

So far we have no issues with the payments and the introduction process wasn't to complicated as well.

2 years ago

Reply from The Business Backer

Tiyodi - Thank you for your review! We are happy to read that our payment structure has been easy-to-follow and understand.

Jul. 24th, 2019

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Bryan Sacramento, CA

Great job both times...the original loan and the refi. We had a couple issues to work through and Josh and Danielle were diligent solving them and communicating back. A+ rating.

1 year ago

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Idowu Akinleye Brentwood, CA

Business Backer has been very supportive helping small business meeting its needs for working capital especially at a critical time like this. I highly recommend them Idowu A., MBA, PMP

1 year ago

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Brian Davis Southgate, MI

I ve done business with Buisness Backer twice now and both times I've had an amazing experience. Very up front and responsive to my questions. I will definitely keep using them in the future HASSLE FREE!!!!

1 year ago

Reply from The Business Backer

Thank you for your kind words Brian, we appreciate your business and look forward to continue working together!

Nov. 22nd, 2019

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Atop Of The Ladder Little Rock, AR

outstanding service for anyone looking for funding this may be possibly the absolute best company out there. Also if youre fortunate enough to work with Rocky, you will definetely be in great hands. He is very professional and will walk you thru the steps personally

1 year ago

Reply from The Business Backer

Thank you for your feedback. We will share it with Rocky. The team will be very happy to hear it!

Nov. 22nd, 2019

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Verified Customer

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Sam Johnson

Great customer service, answered all my questions and worked with me to make the loan work.

1 year ago

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Verified Customer

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Kat Elk Mound, WI

Very nice and easy to work with, They were there for me and my business when no one else was.

2 years ago

Reply from The Business Backer

Kat - We are so happy to read that we could be there for you and your business! We are looking forward to a great partnership.

Aug. 19th, 2019

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Christopher pendleton Canfield, OH

The set up and borrowing money was easy. I like that it's an automatic deduction. However, when we had already talked about an additional loan in February and I get a blanket refusal for additional funds in March due to COVID, it did not sit well with me. Every payment has been made on time and I never called and cried about the fact that I was only operating at 20% due to the pandemic. When I do borrow money in the future, I will remember that Business Backer left me hanging without a second thought and Kabbage stepped in and helped us out.

1 year ago

Reply from The Business Backer

Hi Christopher, we apologize for any inconvenience this has caused. We are doing our best to make the most responsible lending decisions in the midst of this unprecedented pandemic and are actively working on options to assist customers in the near future. A representative from our team will be in touch with you today. You can also contact The Business Backer Customer Service team at 866.615.4747 for more information.

Jun. 22nd, 2020

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Kidds Palace Learning Center Homewood, IL

Business Backer has come through for me when I have had projects that needed extra funding. I much appreciate their time and efforts to make it possible to expand business.

1 year ago

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Paul Mason, OH

The process was very easy and required little effort. Everything was handled digitally or by phone and the final sign-off was very easy. Would help if more contract information (terms and payoff) could be provided upfront. That information was very guarded early in the process. Walter S was a very responsive contact - which was great.

2 years ago

Reply from The Business Backer

Thank you for taking the time to leave us this feedback! I will share with our sales manager and also with Walter.

Sep. 20th, 2019

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T. Hicks Atlanta, GA

Working with Business Backer to get the funding I needed for expansion was a quick and hassle free experience. The representative was professional and a joy to work with.

2 years ago

Reply from The Business Backer

We are happy to read that our application and funding experience was easy and fast, and we wish you the best of luck on your expansion! We look forward to working with you.

Jul. 15th, 2019

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Steve Taylor Noblesville, IN

I appreciate that I am listened to and treated in a very helpful and supportive way. This company takes a very personal and friendly approach to working with me.

2 years ago

Reply from The Business Backer

Steve - We strive to have excellent customer service and help our customers through the application and funding processes. Our goal is to ensure you understand what you are getting and be successful for years to come. Thanks so much for a great review!

Jul. 17th, 2019

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Verified Customer

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susan

They were very helpful and respectful in helping me get the loan.

1 year ago

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Verified Customer

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Mike Boyce

Easy doing business with. Very professional and customer friendly.

2 years ago

Reply from The Business Backer

Mike - We appreciate you and your review, thank you!

Jul. 17th, 2019

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Joe Piraino Long Beach, CA

worked with mackenzie, ontop of things and very open to answer all my questoins, made this super easy process. highly reccommend

1 year ago

Reply from The Business Backer

Thank you for your kind words Joe, we appreciate your business!

Mar. 11th, 2021

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Tj Humble, TX

Your business needs to check the applications better. We are a small business and we have three partners. One of the partners took out a Business Backer Loan without the other two partners knowledge. He was not the majority stock holder and the application stated that. Also, when filling out the app, he stated that there was rent being paid on the business location, although stated the amount as $0. We may be seeking legal action against the partner and the financial establishment.

1 year ago

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Will Chicago, IL

Josh was awesome to work with and attentive to my concerns. I will definitely work with Josh and the Business Backer again.

1 year ago

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Bryant Wright Waynesboro, VA

Fast and very efficient processing. I am a FedEx contract and needed funds quickly. Not even 24 hours later the money was in my account.

1 year ago

Reply from The Business Backer

Thank you Bryant, we love hearing we are fast and easy! That is exactly what we are here for.

Dec. 6th, 2019

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Jacqueline O’Sullivan The Bronx, NY

you guys are the best you make it so convenient for your client I will always be a client of your business thank you so much

2 years ago

Reply from The Business Backer

Jacqueline - We are so happy to read about your satisfaction with us! Thank you for choosing The Business Backer and we look forward to a long relationship.

Jul. 17th, 2019

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Verified Customer

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Cheetah limousine service/ Muhammad talal

Awesome and very helpful management thank you

1 year ago

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Verified Customer

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Bob Zick

Quick response time and friendly customer service

1 year ago

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Verified Customer

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D Kelly Lexington, SC

They seemed genuinely interested in helping our business

2 years ago

Reply from The Business Backer

Thanks for taking the time to leave a review. We are very grateful for your business!

Sep. 20th, 2019

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Verified Customer

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Sy Kansas City, MO

Speed of service and how easy it was for us to get the fund

2 years ago

Reply from The Business Backer

Sy - Thank you for the review! We love hearing that our application and funding processes are fast and easy. We look forward to working with you.

Jul. 8th, 2019

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Sharon S Olathe, KS

They have been extremely helpful and responsive in providing funding when we have started new projects.

1 year ago

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Adriana Valley City, ND

This is the 2nd time we work with Business Backer. Great customer service, communications, and fast funding.

2 years ago

Reply from The Business Backer

We appreciate your business! Thanks for the review!

Oct. 15th, 2019

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Verified Customer

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Kelly

Easy and very knowledgeable. Smooth and fast

1 year ago

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Chirag Patel Chicago, IL

This company will meet your financial needs. Very fast, easy process and fast funding.

1 year ago

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Robert Williams Newbury, NH

Quick and easy to access funds. very professional and very knowledgeable in their profession.

1 year ago

Reply from The Business Backer

Thank you for the shoutout Robert, we appreciate your business!

Dec. 6th, 2019

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Carolyn Sommer Rocklin, CA

Such a great company to work with. Professional and simple. Grateful to have found them

2 years ago

Reply from The Business Backer

Carolyn - We are so happy to read that you've had a great experience with us! Thank you for the review.

Jul. 17th, 2019

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Verified Customer

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Tim Williamsport, PA

Super high interest rates and weekly payback. Because of this it makes it impossible to afford

2 years ago

Reply from The Business Backer

Tim - We are sorry to read that you are not happy with our factor rates. Please keep in mind that we price our rates to risk, and provide benefits to customers including loss protection if a customer chooses our purchase of receivables (merchant cash advance) product and an unpaid interest discount if a customer in good standing pays off his / her small business loan early. We also offer daily, weekly and semi-monthly payment options for our purchase of receivables and small business loan products. We would be happy to discuss any additional concerns or questions you may have. You can reach us at 866.615.4747 or email us at .

Aug. 19th, 2019

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Jin Lee Ventura, CA

It was quick and easy. Helped we finance what I needed and move forward!

1 year ago

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Robert Young Boonton, NJ

Work quickly to help you with financing your small business.

2 years ago

Reply from The Business Backer

Thank you for leaving us this review! We appreciate your business!

Oct. 4th, 2019

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Larry Thompson Renton, WA

Easy and quick... Looking forward to doing business for some time..

2 years ago

Reply from The Business Backer

Larry - Thanks for a great review, and we look forward to doing business with you!

Jul. 12th, 2019

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Ryan DelBaggio Altoona, PA

Very great to work with and a super easy process!

1 year ago

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Philip Charles Longmont, CO

The smoothest experience I have had to date. Thank you!

2 years ago

Reply from The Business Backer

Wow, this is great to hear! Thanks for the nice review and for your business!

Oct. 25th, 2019

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lloyd Rhinelander, WI

Process: Seamless Execution: Uneventful Result: Success

2 years ago

Reply from The Business Backer

Glad to hear you had a smooth experience!

Oct. 15th, 2019

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