Business Backer has been providing business loan solutions since 2007. The company offers cash advances, small business loans, and business line of credit services. Business Backer has a simple application that takes minutes to complete.

Businesses can receive funding in as little as 24 hours after signing the company's contract. Business Backer also supplies customers with funding advisors who can provide loan option information and assistance.

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

To qualify, businesses need $250,000 or more in annual revenue and at least one year in business. 

The Good

  • Payment Options
  • Revenue Loss Protection
  • Loan Discount

Payment Options

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

Revenue Loss Protection

Unlike many other business loan companies, Business Backer has a revenue loss protection service. This service allows payments to be lowered in order to accommodate businesses that experience a drop in revenue.

Loan Discount

Business Backer offers a 35 percent discount on unpaid 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. Those who pay off their loans early essentially get rewarded from Business Backer. Also, if approved for a second loan before your first is paid off, any unpaid interest is written off and the remaining principal is rolled over.

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The Bad

  • Limited Online Fee Information
  • State Limitations

Limited Online Fee Information

Although Business Backer provides significant upfront information on its website, there is no in-depth information regarding its rates and fees. However, this is common within the lending industry, as rates and fees depend on borrowers' qualifications, such as credit score and history, time in businesses, etc.

And although exact rates aren't listed, the Business Backer states that for small business loans, the "average rate is 2.2 percent monthly interest and 25.8 percent annualized interest rate. Does not include average origination fee of 3 percent."

State Limitations

You are only eligible for a Business Backer loan if your business is located in the following states: Delaware, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Hampshire, Pennsylvania, South Carolina, Utah, Virginia, Washington, or Wyoming. 

The Bottom Line

The Business Backer offers several payment options to help companies have more control over their payments. The company also provides a unique Revenue Loss Protection service as well as a generous loan discount for those who pay off their loans early.

The majority of 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 the lender is a trusted and quality company. If you are a business located in The Business Backer's service area, we highly recommend the company for your funding needs. 

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User Reviews

Star Rating

4.5
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27 Reviews

Review Breakdown

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4 star
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1 star
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Sentiment Criteria

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Greg
December 5th, 2019 Harveysburg, OH DETAILS
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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.

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Reply from The Business Backer

Dec 06, 2019

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

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Robert Williams
December 3rd, 2019 Newbury, NH DETAILS
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Quick and easy to access funds. very professional and very knowledgeable in their profession.

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Reply from The Business Backer

Dec 06, 2019

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

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Bryant Wright
November 29th, 2019 Waynesboro, VA DETAILS
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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.

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Reply from The Business Backer

Dec 06, 2019

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

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Brian Davis
November 22nd, 2019 Southgate, MI DETAILS
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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!!!!

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Reply from The Business Backer

Nov 22, 2019

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

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Atop Of The Ladder
November 18th, 2019 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

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Reply from The Business Backer

Nov 22, 2019

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

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Philip Charles
October 22nd, 2019 Longmont, CO DETAILS
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The smoothest experience I have had to date. Thank you!

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Reply from The Business Backer

Oct 25, 2019

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

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lloyd
October 11th, 2019 Rhinelander, WI

Process: Seamless Execution: Uneventful Result: Success

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Reply from The Business Backer

Oct 15, 2019

Glad to hear you had a smooth experience!

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Adriana
October 8th, 2019 Valley City, ND

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

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Reply from The Business Backer

Oct 15, 2019

We appreciate your business! Thanks for the review!

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Robert Young
September 26th, 2019 Boonton, NJ DETAILS
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Work quickly to help you with financing your small business.

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Reply from The Business Backer

Oct 04, 2019

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

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Paul
September 19th, 2019 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.

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Reply from The Business Backer

Sep 20, 2019

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

Verified Customer

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Kim D.
August 25th, 2019 Rolling Meadows, IL DETAILS
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They followedr up/ They performed as they had agreed to.

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Reply from The Business Backer

Sep 20, 2019

Hi Kim, was there something we could've improved on that caused you to leave a one star review? We would love to hear more feedback if you will share. [email protected] or call 866-615-4747 and ask to speak to your account manager. They will look up your business name and get you to the right person. Thanks.

Verified Customer

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D Kelly
August 25th, 2019 Lexington, SC DETAILS
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They seemed genuinely interested in helping our business

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Reply from The Business Backer

Sep 20, 2019

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

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Kat
August 16th, 2019 Elk Mound, WI DETAILS
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Very nice and easy to work with, They were there for me and my business when no one else was.

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Reply from The Business Backer

Aug 19, 2019

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.

Verified Customer

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Robert Young
August 16th, 2019 DETAILS
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Fast, easy service. Process is simple. They handle everything for you. Money can be in your account the next day.

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Reply from The Business Backer

Aug 19, 2019

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

Verified Customer

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Tim
August 16th, 2019 Williamsport, PA DETAILS
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Super high interest rates and weekly payback. Because of this it makes it impossible to afford

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Reply from The Business Backer

Aug 19, 2019

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 [email protected]

Verified Customer

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Tiyodi Taylor
July 22nd, 2019 DETAILS
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So far we have no issues with the payments and the introduction process wasn't to complicated as well.

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Reply from The Business Backer

Jul 24, 2019

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

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Francisco
July 17th, 2019 Grand Junction, CO DETAILS
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very good service , fast and no to many questions.

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Reply from The Business Backer

Jul 17, 2019

Francisco - We not only strive for an easy application process and fast funding, but also great customer service. We are happy to read that you found our customer service fast and required little paperwork and questions!

Verified Customer

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Mike Boyce
July 15th, 2019 DETAILS
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Easy doing business with. Very professional and customer friendly.

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Reply from The Business Backer

Jul 17, 2019

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

Verified Customer

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Karen Perricone
July 15th, 2019 DETAILS
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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

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Reply from The Business Backer

Jul 17, 2019

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.

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T. Hicks
July 15th, 2019 Atlanta, GA DETAILS
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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.

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Reply from The Business Backer

Jul 15, 2019

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.

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Larry Thompson
July 11th, 2019 Renton, WA

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

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Reply from The Business Backer

Jul 12, 2019

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

Verified Customer

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Sy
July 8th, 2019 Kansas City, MO DETAILS
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Speed of service and how easy it was for us to get the fund

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Reply from The Business Backer

Jul 08, 2019

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.

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David
May 29th, 2019 Atlanta, GA

I couldn't be more happy with the customer service from The Business Backer. My rep, Gina, reached out to me personally to walk me through all of the details of the agreement. She went out of her way to make sure that I didn't have any questions, and let me know that I could call her personally if I ever needed anything.

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Reply from The Business Backer

Jun 20, 2019

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.

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Carolyn Sommer
April 3rd, 2019 Rocklin, CA DETAILS
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Such a great company to work with. Professional and simple. Grateful to have found them

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Reply from The Business Backer

Jul 17, 2019

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

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Jacqueline O’Sullivan
April 1st, 2019 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

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Reply from The Business Backer

Jul 17, 2019

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.

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FHCE Events
February 22nd, 2019 San Francisco, CA DETAILS
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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 .

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Reply from The Business Backer

Jul 17, 2019

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

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Steve Taylor
February 14th, 2019 Noblesville, IN DETAILS
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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.

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Reply from The Business Backer

Jul 17, 2019

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!

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