Our Take
4.2
The bottom line:
iBusiness Funding - Online term loan
with Fundera by NerdWallet
Pros & Cons
Pros
- Cash can be available within three business days.
- Competitive rates for online term loans.
- Terms up to seven years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Must be in business for a minimum of two years.
- Minimum credit score is higher than some other lenders.
- Charges an origination fee.
Compare to Other Lenders
with Fundera by NerdWallet | with Fundera by NerdWallet | with Fundera by NerdWallet |
Max loan amount $500,000 | Max loan amount $250,000 | Max loan amount $1,500,000 |
Min. credit score 660 | Min. credit score 625 | Min. credit score 570 |
Full Review
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
iBusiness Funding is best for borrowers who:
- Are looking to expand your business or refinance costly debt: iBusiness Funding offers loans up to $500,000 at competitive rates. You can use the money to cover the costs of buying equipment, hiring employees or opening a new location.
- Have good credit and an established business: You need to have been in business for at least24months. You’ll also need a credit score of at least660and no personal bankruptcies among your business owners in the last seven years.
- Are looking for fast cash: iBusiness Funding’s application process is quicker and easier than the process to qualify for a business bank loan, and borrowers can receive their money in two business days.
iBusiness Funding business loan details
Loan amount | $25,000 to $500,000. |
Estimated APR range | 15.22 % to 45 %. |
Fees |
|
Terms | 6 months to 7 years. |
Repayment schedule | Monthly. |
Funding speed | As fast as three days. An underwriting decision can be delivered in 24 to 48 hours. Once you sign the loan agreement, you'll typically receive your funds the following business day. |
Where iBusiness Funding stands out
Competitive rates compared with other online lenders
Faster processing than banks
Online lender extending SBA loans
💬 From our Nerds: Consider the rare opportunity to get an SBA loan from an alternative lender

Karrin Sehmbi, editor & content strategist, Small Business
Where iBusiness Funding falls short
Not for new businesses
High qualification standards
Fast, but not the fastest, option
iBusiness Funding loan requirements
- Minimum credit score:660.
- Minimum time in business:24months.
- Annual revenue: $50,000.
Alternatives to iBusiness Funding
OnDeck
Fora Financial
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Methodology
Frequently Asked Questions
New elevated offer