Wondering where your credit score comes from? Here is a list of seven business lenders that report your borrowing habits to business credit bureaus in 2019. For more information, visit at https://www.onlinecheck.com/blog/business-loans/report-to-credit-bureaus/

1. www.onlinecheck.com
7 SMALL BUSINESS
LENDERS REPORT TO
CREDIT BUREAUS IN 2019

2. A small business credit
history started at the
very first day of your its
operations. For every
business owner, among
many goals, an
important one is to
constantly monitor and
develop both personal
and business’s credit
ratings.
A business credit history is a tabula rasa
for every startup, and in order to
demonstrate your business’s
creditworthiness to get business loans or
business credit lines in the future—you
need to build your business credit history.
For most small businesses, securing a
small business loan is a great way to build
business credit history by practicing
stellar borrowing habits, and that includes
paying off loan in full and on time.
Even if you’re following a stellar borrowing
practice, unluckily, only few business
lenders report it to the credit bureaus. Here
is a list of seven small business lenders that
report your borrowing practices to the
business credit bureaus.
www.onlinecheck.com

3. BlueVine, an online lending service that provide quick fix for businesses that are struggling with cash flow issues
with their invoice financing and traditional lines of credit options. They have relaxed borrowing qualification with
quick funding turnaround time of 2-7 days. With the invoice financing option, a business needs to have a 3 months’
time in business, a credit score of 530+ and more than $100,000 in revenue. The credit facility size is up to $5
million at advance rate of 85% – 90% with $15 wire transfer fee.
They have two types of credit lines: Flex6 and Flex12. With Flex6 line of credit option, a business needs to have
$120,000 in revenue with 6 months’ time in business and 530+ credit score. For Flex12 credit line, a revenue of
$120,000 with 2 years of time in business for with 600+ credit score. The credit facility size is up to $250,000 at
interest rate of 0.3% – 1.5% for Flex6 and 1.5% – 6.5% per month for Flex12 with ARP between 15% – 78%.
The eligibility for both invoice financing and Flex Credit lines depends on borrower’s outstanding receivables and
credit score.
BlueVine is the only factoring company that report to business credit bureaus, particularly to Experian.
www.onlinecheck.com

4. OnDeck is another big name in the small business
lending industry that offers short-term loans and
revolving lines of credit as short-term working
capital solutions for small businesses. In order to
qualify for short-term loans, you need to have 12
months’ time in business, a credit score of 600+
and $100,000 in revenue. With their short-term
loans, you can secure cash up to $500,000 with
terms of 3 – 36 months at origination fee of 0% –
4% and APR of 11.9% – 99.4%.
With their revolving lines
of credit, you can secure
cash up to $100,000 at
draw term of 6 months
with personal guarantee
and with APR of 11% –
57.9%.
OnDeck reports to the business credit bureaus—specifically Equifax, Experian and PayNet
www.onlinecheck.com

5. Fundation is also an alternative lender offering installment loans
and lines of credit to qualified businesses that have greater
financing needs. The minimum qualification requirement
includes 12 months of time in business, a personal credit score
of 660+ with more than $100,000 in annual revenue.
Additionally, they also requires you to have at least three full-
time employees (including you).
With installment loans, you can secure cash up to $500,000 at term
length of 1-4 years, origination fee up to 5% and APR of 7.99% –
29.99%—making it a great option for long-term working capital
needs.
With lines of credit, you can secure cash up to $150,000 at term
length of 18 months, and $500 closing fee with 2% draw fee.
They have competitive terms and fees with quick funding turnaround
time of 2-7 days and no prepayment penalty. However, they have
stringent borrower qualifications and is not suitable for startups.
www.onlinecheck.com

6. With relaxed borrower qualifications, competitive terms, and
funding turnaround time of 1-4 weeks Lending Club is another
great lender that assist small businesses to grow and succeed.
Though, they only work with businesses that 2 years of time in
business. They offer term loans with cash up to $300,000 at
interest rates of 5.9% with terms from one to five years with APR
as low as 9.77%. They also require collateral in form of a personal
guarantee blanket lien on loans above $100,000.
www.onlinecheck.com

7. 3 years of time in business, 680+
personal credit score and at least
$300,000 in annual revenue.
Seek Capital specializes
in funding procurement
from third-party lenders
and offers quick business
funding for businesses
who don’t qualify for long-
term business loans. They
offer a multitude of
financing options from
term loans, lines of credit,
invoice financing, SBA
loans, personal business
loans to equipment
financing and merchant
cash advances. Here is an
overview of the borrowing
qualifications for each
loan product:
Invoices for reliable
customers are most likely to
qualify
1 year of time in business, 630+
personal credit score and at least
$180,000 in annual revenue.
incoming cash flow is considered to
make a decision
4+ years of time in business, 680+
personal credit score and at least
$180,000 in annual revenue
A personal credit score of 680
or less
Business
Lines Of
Credit
1 year of time in business, 630+
personal credit score and at least
$180,000 in annual revenue.
Equipment
Financing
2 years of time in business, 600+
personal credit score and at least
$130,000 in annual revenue.
www.onlinecheck.com

8. With their merchant cash advances, you
can secure cash up to $200,000 at
borrowing fee of 1.6% of the amount
borrowed per month and origination
fee of 1-3%. With short-term loans, you
can obtain cash up to $200,000 for
terms of 4-18 months at draw fee of
0%-3%. With lines of credit, you can get
cash from $5000 to $100,000 at term
length of 12-24 months and 2%
origination fee.
The Business Backer provides
merchant cash advances, short-
term loans and business lines of
credit either directly or through
its sister company. The
qualification requirements are
easy including 12 months of time
in business, a credit score of
550+ and $250,000 of annual
revenue.
The Business
Backer reports
to the business
credit bureaus—
specifically Dun
& Bradstreet
and Equifax.
www.onlinecheck.com

9. The term length of their term loans can be
from 6 to 18 months, with origination fee of 1%
– 4%. Another benefit of QuarterSpot is saving
money on interest payments if you pay off your
loan early.
QuarterSpot is an online lender that
offers a short-term loans with cash
up to $150,000. The borrowing
qualification is easy with 12 months
of time in business, a credit score of
550+ and $200K in annual revenue.
www.onlinecheck.com

10. Information
Credit
Bureaus
Don’t
Collect
Bounced checks
Income
Ethnicity Group
Political Views
Negative items of
more than 7 years
Gender Types
www.onlinecheck.com

11. BOTTOM LINE.
As a small business owner, now you know which lender reports your borrowing habits to
credit bureaus and working with any of them is a great way to build your credit history.
Once you’re able to build a good credit score you can secure lower interest rates and
terms on borrowing and credit arrangements with lenders. Nevertheless, selecting a
lender that reports to the business credit bureaus is just one facet of building your credit
profile. On order to have a solid credit profile, work proactively by constantly updating
and reviewing your own business credit regularly—and ensure full and timely payments.
www.onlinecheck.com