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Become Small Business Loans Review


ConsumersAdvocate.org Rating: 3.8 / 5 (Very good)
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Become, formerly known as Lending Express, is a small business loan marketplace that partners with over 50 lenders to help small business owners get the financing they need at a price that fits within their budgets. The California-based company has helped over 150,000 customers secure over $150 million in financing to date.
 
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How is Become rated?

Breakdown

3.8/5
Loan Options
3.8/5
Application Requirements
3.8/5
Average Rates & Fees

Overall Rating: 3.8 / 5 (Very good)

Become partners with over 50 small business lenders to offer a variety of small business loans with flexible repayment terms and qualification requirements. You can receive a loan even if you have poor credit or have only been in business for three months. Simply fill out the free online application form on Become's website and it will match you with partner lenders who can offer you the financing you need. Depending on the lender, you may even be able to get your funds in as little as three hours. It's an excellent choice for startups and businesses who need money in a hurry, but well-established businesses are sure to find what they're looking for here as well.

Loan Options

Available Loan Types

SBA Loans
Revenue-based Financing
Equipment Funding
Working Capital Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

SBA Loans

Min. Loan Amount
$5,000
Max Loan Amount
$500,000
Repayment Terms

Term Loans

Min Loan Amount
$5,000
Max Loan Amount
$5,000,000
Min Term Length
3 months
Max Term Length
36 months
Repayment Terms
Become doesn't list its repayment options, but it does say it offers flexible repayments based on your monthly turnover.

Business Lines of Credit

Min Loan Amount
$5,000
Max Loan Amount
$500,000
Min Term Length
3 months
Max Term Length
60 months
Repayment Terms

Invoice Financing

Min Loan Amount
$5,000
Max Loan Amount
$5,000,000
Min Term Length
3 months
Repayment Terms

Merchant Cash Advance

Min Loan Amount
$5,000
Max Loan Amount
$500,000
Min Term Length
4 months
Repayment Terms

Equipment Loans

Min Loan Amount
$5,000
Max Loan Amount
$500,000
Min Term Length
7 months
Max Term Length
120 months
Repayment Terms

Loan Options - 3.8 / 5

Become partners with over 50 lenders to offer every major type of small business loan, including term loans, lines of credit, invoice financing, merchant cash advances, SBA loans and business equipment loans. Loan terms and amounts vary depending on which lender you choose but range from three to 36 months and from $5,000 to $5,000,000 in some cases. With this many options, businesses of every type and size should be able to find the financing they need.

Become Rates & Fees

Average Rates & Fees - 3.8 / 5

Become doesn't publish any information about rates and fees on its website other than to say there's no fee for submitting a loan application through the site. This is unsurprising given that Become is a small business loan marketplace and partners with many lenders, all of whom have different lending terms and requirements. You'll have to fill out an application to see the loan rates and fees available to you.

Application & Qualifications

Online Application
Approval Time
A few minutes
Funding Time
As little as 3 hours
Min. Years In Business
0 year(s)
Min. Annual Revenue
$30,000
Min. Credit Score
300

Application Requirements - 3.8 / 5

Getting approved for a small business loan through Become only takes a few minutes and you can receive your funds in as little as three hours, depending on the lender. This is fast compared to many other small business lenders, so it's a great choice if you need cash quickly. Lending requirements are also comparatively low. Even businesses with poor credit who have been in business for as little as three months may be eligible for a small business loan through Become.

Become Reputation

Customer Feedback

Trustpilot Score
9.5 out of 5
Date Collected
2019-07-16

Consumer Education - 4 / 5

We weren't able to track down a Better Business Bureau (BBB) page for Become, but the company has earned an impressive 9.5 out of 10 rating from several hundred reviewers on TrustPilot. Of course, Become is only the marketplace that connects you with small business lenders, so it's smart to look up the lender you choose to work with as well before you sign on the dotted line. But Become works with many of the top names in the industry, so you shouldn't have to worry about running into any major issues.

Contact & Additional Information

Homepage URL
https://www.become.co/
Company Phone
(838) 800-0664
Headquarters Address
400 Concar Dr., San Mateo, CA, 94402

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Top Rated
Our Partner

Applying won’t affect credit score

  • Loan Amounts: $5,000 to $250,000
  • Average Yearly Revenue requirements: $100,000
  • Minimum Credit Score: 625 FICO
  • Minimum Time in Business to apply: 1 year
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