Top Online Alaska Small Business Loan Options
Local small business loan providers typically have nearby branches and understand the local conditions. This seems to make them the preferred choice, but they’re by no means always the best or only option. Small businesses should also consider online business loans that are nationally available alongside local small business loan offerings.
In this section, we look at the top online lenders and their benefits and features:
Founded in 2015, they’ve invested in over 4,000 eCommerce and Consumer SaaS (software as a service) businesses as the biggest eCommerce investor worldwide. They use predictive models that analyze your revenue, performance, and other third-party data. This is used to determine your eligibility and to generate the funding you qualify for between $10,000 and $10 million. Funds can be available in under three days.
Clearbanc is a leading provider of small business loans to women, and funds eight times more women business owners than the competition. They charge a small flat fee on the capital provided, ranging from 6% to 12%, depending on how you spend the funds and a fixed percentage of your daily sales until the capital and flat fee are repaid.
Their minimum eligibility criteria include an average monthly revenue of at least $10K for at least six months, and the business must be incorporated in North America or the United Kingdom.
- Simple pricing
- One flat fee and flexible repayment options
- Unique revenue share model allows repayments only while making revenue
- Military-grade data encryption when handling your information
- Backed by trusted investors
Fundera doesn’t offer loans themselves but acts as a matchmaker between lenders, loan providers, and other financial institutions. It has been in business since 2013.
Each lender is matched with an experienced lending specialist who will familiarize themselves with your business needs and ensure that the loan solution is tailored to your business requirements. As a lender you simply need to complete one application, and the technology will match you with various products and will also determine your eligibility.
Fundera facilitates SBA loans, of which 85% can be SBA guaranteed for equipment financing and merchant cash advances. Fundera compares SBA 7(a) loans and other options for free - up to the value of $1 million. Funds are available quickly with variable fees as low as 6%.
Fundera can also be used for invoice factoring, low-interest credit cards, and loans for bad credit.
- Wide range of products
- Services such as introductions to credit card and checking account providers
- Startup company friendly
- Negotiate best deals on behalf of lenders
- Offers transparency in dealings
- Easy to tailor and get personal advice
- Comprehensive updated information and advice
Founded in 2013, BlueVine offers high levels of customer service and loan access to businesses who may have a low chance of qualifying for other loans in Alaska.
BlueVine business loans are short-term business loans that span for between 6 and 12 months. A fixed interest rate from 4.8% upwards is offered, depending on factors such as the repayment period. Loan repayments are due weekly. They handle business loan reviews, loan agreements, and payments in a flexible and speedy manner. They also offer a line of credit of up to $250,000.
- Loans arranged and approved very quickly
- Funds available in days
- Competitive interest rates
- Online service
- Excellent person-to-person customer support
Founded in 1999, National Funding has provided funds of over $2.5 billion to more than 40,000 businesses across the USA. They offer a wide variety of loans and include loans for bad credit scoring businesses and the National Funding Edge Credit Card. Small business loans range from $5,000 to $50,000. Businesses can use them to cover the costs of anything from inventory and marketing to payroll and taxes across a wide range of sectors such as beauty and wellness, construction, commercial mortgage, retail, agriculture, restaurant industry, etc.
National funding has dedicated loan specialists to fully unpack your business needs and to provide you with guidance regarding your loan choice.
Repayments can be made either daily or weekly. National Funding also provides equipment financing and leasing up to $150,000. Merchant cash advance and credit card processing services are additional business solutions also on offer.
- Easy application process
- Fast funding decisions
- Funding in 24 hours from approval
- Bad credit rate friendly
- Partnership approach
- Personalized approach