 TITLE: Best Online Business Loans CONTENT: Here are some of the most popular direct online business lenders to consider.\n**Balboa Capital**  \nBalboa Capital offers short-term business loans for amounts ranging from $5,000 to $250,000. There's no collateral required, and loans are available with terms of three to 24 months. The loans can be used for any business purpose.\nTo qualify for a business loan from Balboa Capital, you must have been in business for at least one year, have annual sales of $300,000 or more, and have a \"decent\" credit score. The company considers both your business and personal credit scores, which can be helpful in creating a fuller picture of your overall creditworthiness. Simply fill out the online application, and the company's website says you can expect to get a quote and qualify in an hour. Depending on the loan amount requested, your loan may be funded the same day.\nLoans are repaid either daily or weekly through an automated clearing house (ACH) transfer from your business bank account. You can also pay off your entire loan at any time without a prepayment penalty.\n**OnDeck**  \nOnDeck offers short-term loans of $5,000 to $250,000 and repayment periods of up to 18 months. Payments are fixed, so there are no surprises, and are made automatically either daily or weekly via withdrawals from your business bank account. You can apply either online or by phone and potentially receive financing the same day for loans of up to $100,000.\nTo qualify for a short-term loan from OnDeck, you must have been in business for at least one year and have a business bank account, a personal FICO® Score☉ of at least 600 and annual revenues of at least $100,000.\nIf you qualify for OnDeck's 100% Prepayment Benefit option, you can pay your loan off early and have all remaining interest waived with no penalty or fee. However, loans with the Prepayment Benefit have a higher interest rate. If you're not sure whether this is worth the cost, OnDeck's SMART Box® Capital Comparison Tool can help you break down loan costs and evaluate your options.\nNeed another loan later on? Current OnDeck customers who take on a new OnDeck small business loan can have the remaining interest on outstanding loans waived or can receive an origination fee as low as 0% on the new loan.\n**ForwardLine**  \nIf your personal credit score is only fair and your annual revenues are small, ForwardLine might be able to help. This direct lender, which has been around since 2003, offers short-term loans of up to $150,000 for six to 15 months; typically, loan amounts are 10% of a business's annual revenue. Loans are repaid daily or weekly through automatic ACH withdrawals.\nTo qualify for a ForwardLine loan, you'll need to have been in business for at least two years, have a FICO® Score of 500 or better and have annual revenues of $50,000 or more. You'll also be asked to provide at least three months' worth of business bank account statements. Simply complete a quick online application, submit the bank account statements and you could get financing the next business day.\nIf you don't qualify, ForwardLine will refer you to its network of partner lenders, which could help you find financing elsewhere.\n**CAN Capital**  \nIn business for over 20 years, CAN Capital offers short-term loans of $2,500 to $250,000 with terms of six to 18 months. After you apply, CAN Capital reviews your information and if you're prequalified, you can select the loan amount and term length you want. Funds can be deposited as fast as the next business day.\nPayments are fixed and are made daily or weekly via automated ACH deduction from your business bank account. After the first 90 days, you may be eligible for a prepayment discount.\nTo qualify for a CAN Capital loan, you must have been in business for at least six months, have at least $150,000 in gross revenues, have less than $175,000 in outstanding tax liens or judgements, and have no personal or business bankruptcy that has not been discharged for at least a year. END