Business Loan Lender Fit Assessment
See which lending categories fit your borrower profile
Different lenders evaluate time in business, revenue, credit, collateral, and use of proceeds in different ways. This assessment gives you a quick educational read on which lending categories may be the best place to start.
- ✓Identifies Tier 1 (Bank/SBA) vs Tier 2 (Fintech) vs Tier 3 (Asset-Based)
- ✓Highlights loan products that may fit your profile
- ✓Practical next steps to strengthen your financing package
Which Lending Options Fit Your Profile?
Answer 4 quick questions to get an educational read on which lending categories may be worth reviewing first.
4 questions · 60 seconds · No sign-up required
Frequently Asked Questions
What is a Tier 1 lender?
Tier 1 lenders are traditional banks and SBA-approved lenders. They offer the best rates (Prime + 2–4%) and longest terms, but require 2+ years in business, 680+ credit, and strong DSCR. SBA 7(a) and 504 programs fall into this tier.
What is a Tier 2 (Fintech) lender?
Fintech lenders like OnDeck, BlueVine, and Fundbox have faster approvals and more flexible criteria — but rates are significantly higher (15–40%+ APR). They're appropriate for businesses that need speed or don't yet qualify for bank financing.
What is a Tier 3 (Alternative/Asset-Based) lender?
Asset-based lenders focus on collateral rather than cash flow — accounts receivable, inventory, equipment. Invoice factoring is a common product. Rates are the highest but the approval criteria are the most flexible.