Online Business Loans - Excel Capital Management

What are online business loans? And how is it different from a traditional bank loan?

An online business loan is the same as any traditional business financing option, with one difference: you can apply, get approved, and be funded all online, without ever having to step into a bank or lending office.

However, while that is the only true technical difference, the reality is that online lenders tend to provide unique offerings when compared to traditional bank loans.

For one, the application process is typically faster and more stress-free. After all your applying for business funding online from the comfort of your own home.

With a bank loan, the application and approval process can often take a full month. With an alternative or online lender, you can often be approved and even funded in around 24-48 hours.

At a time where banks have tightened restrictions and made it more difficult than ever to apply for a business loan from a traditional institution, many new alternative lenders are making it easier than ever.

Excel Capital’s Business Line of Credit Program

For example, Excel Capital’s business line of credit program offers flexible financing options with monthly rates starting as low as 1.5% (up to 9.5%).

Our online business line of credit program gives you access to a recurring reserve of capital anytime you need it. Simply pay your balance down and you can continue to access more capital when you need it. now that’s an easy online business loan.

Plus, we offer funding even if you don’t have perfect credit. Where traditional bank financing often requires a 680-720+ credit score, our program requires just a 550 score or higher.

Excel Capital Business Line of Credit Program:

Funding Amount

Get a credit line for your business up to $250,000

Repayment Term

6-12 Months revolving

Requirements

Credit score of 540+
Time in business 1+ year
$50,000+ annual revenue
Less than 3 negative occurrences on your bank account in the past 90 days

No hidden fees
Simple repayment terms
Lightning-fast approval within 30 minutes, funds instantly

We offer a variety of business financing solutions to meet your funding needs. Click here to submit an application and learn more about what options are available to you.

Online business loan rates and fees

One of the primary differences between traditional business bank loans and alternative or private business loans are the rates and fees.

While alternative business loans offer many advantages over traditional bank loans, because bank loans are offered by huge financial institutions, they can typically offer lower and more competitive rates.

In addition, online business loans from alternative lenders often have additional fees to cover certain costs.

However, keep in mind that both rates and fees will depend primarily on the lending product more than the lender you obtain it from.

So, make sure to inspect your loan agreement before signing on the dotted line to make sure you’re getting a fair deal.

How to be approved for an online business loan

Getting approved for an online business loan from an alternative lender is much easier than with a traditional bank.

However, there are still certain requirements you’ll need to fulfill to be approved.

Each business financing product is different, but there are a few common qualifications that most require.

Excel Capital’s business financing solutions are designed to be accessible to young businesses just getting off the ground as well as seasoned operations.

Some basic requirements for many of our financing options include:

In business for 6+ months
Annual revenue of $10,000+
Business is in good standing (no bankruptcies, judgments, or liens)

Each of our lending solutions is different. So, to find out more, submit an application here or click below to discover what you can be approved for:

Complete our online application and see how much you can be approved for: Apply Now

Business loans by industry

Excel Capital provides small business financing options specifically suited to a variety of industries, including:

If your industry isn’t listed here, don’t worry!

We offer business loan options to business owners in every industry.

To find out how much you can be approved for and speak to one of our customer service representatives, submit an application here or click the button below:

Complete our online application and see how much you can be approved for: Apply Now

Frequently Asked Questions

Can you get a small business loan online?

Yes! Nowadays, there are many options for obtaining a small business loan or other type of business financing online, including:

– Alternative business financing
– Crowdfunding
– Peer-to-peer lending
– Microfinancing
– And more

How do I get a small business loan?

You can get a small business loan online through various means such as applying for a loan with your bank or with a private lender. In recent years, many have turned to alternative or private lending as acquiring a business loan through a traditional banking institution has become increasingly more difficult as qualification requirements tighten.

To learn more about what options are available to you and see how much you could be approved for, click here to submit a quick 2-minute application.

What is the easiest business loan to get?

While banks have continued to tighten approval requirements for their business loan programs, new options have become available through alternative lenders that don’t require stellar credit. Excel Capital prides itself on offering a variety of powerful lending options to businesses that might otherwise not get approved by a traditional bank.

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