Unlike banks, we are solely focused on being the best in the world at providing one service: small business loans. iBusiness Funding offers a straightforward and transparent process, manageable and budget-friendly repayment schedules, and competitive interest rates and fees through our large network of SBA 7(a) approved lenders.

We’ve found small business owners tend to work with us for the following reasons:

• Working with traditional lenders can require a lengthy, time-consuming application process.
• Small businesses may be able to save money by refinancing current debts with a lower-rate loan.
• Banks are often unable to provide financing quickly to capitalize on fast-moving business opportunities, like competitive lease agreements.

We will never, under any circumstances, ask you for an upfront fee to apply through the iBusiness Funding Lender Network. Your application and discussions with our dedicated account managers are absolutely free, and there’s no obligation to accept your loan offer.

Typically, we only require basic information about you and your business to start the application. We keep your information secure and private—we don’t sell your information or the fact that you’ve applied for a loan with us to other lenders without your consent.

We may also ask for:

• Company details, including the business tax ID
• Names of shareholders or owners with 20%+ ownership (additional information for shareholders less than 20% may be required)
• Social Security number(s) of business owner(s)
• Driver’s license number and state of issue

Additional financial information that we need before offering you a loan includes:

• 2 most recent years of business tax returns
• 1 most recent year of personal tax returns for every business owner (20%+ ownership)
• 6 most recent months of bank statements

Our loans offer flexibility for a range of business needs, including:

• Working Capital: Manage everyday expenses like payroll and utilities.
• Equipment Purchases: Acquire or upgrade machinery, tools, and technology.
• Real Estate: Purchase, renovate, or refinance commercial properties.
• Inventory: Stock up on products to meet customer demand.
• Business Expansion: Fund new locations, franchises, or business ventures.
• Debt Refinancing: Consolidate existing business debts for better terms.

Acceptable uses of proceeds may differ by loan product.

Our loan approval process typically takes anywhere from a few weeks to several months, depending on several factors. The overall duration can be influenced by how prepared you are with necessary documentation and how quickly you respond to any requests for additional information.

You generally can choose the loan term that best suits your business needs. However, we sometimes limit the loan term based on several factors, including applicant creditworthiness and selected loan product.

Choosing iBusiness Funding comes with numerous benefits, including flexible loan options tailored to your specific needs and a fast approval process that allows you to access funds quickly. Our team of experienced professionals is dedicated to guiding you every step of the way, ensuring you find the right financing solutions with competitive rates from a large network of lenders. We prioritize building strong relationships, providing ongoing support to help your business thrive and succeed.

We've helped thousands of established small and medium businesses grow, create new jobs, and stimulate economic growth in their local communities. We fund a variety of established businesses, including veterinary clinics, pharmacies, cosmetics brands, and many more.

The minimum qualifications for a loan through iBusiness Funding are:

• 2 years in business
• A personal FICO credit score of at least 640 for business owners
• No personal bankruptcies amongst the business owners within the last seven years
• Operates in an industry other than select industries, including speculative real estate, nonprofit organizations, weapons manufacturers, gambling businesses, marijuana dispensaries, and pornography

As a business owner, you must have a FICO credit score of at least 640 based on your Experian consumer credit report to qualify for a loan. When a business is owned by more than one person, at least one of the owners must have a personal credit score of 640 or higher. For example, if the business is equally owned by three partners and at least one has a score of 640, then you could qualify.

We will generally only conduct soft personal credit inquiries to underwrite or service your loan, and we only conduct these after you’ve agreed to these inquiries during the application process. The soft pulls of your personal credit will not impact your credit score or show up on reports obtained by other lenders.

We may also check your business credit reports, such as a report from Dun & Bradstreet, Inc. Business report inquiries will not appear on your personal credit reports or impact your personal credit.

These reports help us understand your business and may include data about its revenue, time in business, SIC or NAICS codes, and information about the owners. The reports and info can help us efficiently determine your eligibility for funding.

No. There’s no application fee and no obligation to accept a loan offer.