Best Debt Consolidation Loans: Small Business Loans
Growing a business is a huge challenge, especially for small to mid-sized companies since all funding comes directly from the revenue, if not from the owner’s pocket. It’s the main reason why many businesses rely on business loans. While getting a business loan might be the easy way out of your financial issues, applying for one isn’t exactly as simple as it seems.
Getting a loan with big institutions like banks and lending companies is tedious and will require tons of paperwork. Aside from this, some banks will only offer you a high-risk loan, paired with terms that are difficult to adhere to. That is why you should be watchful of the loans you are applying for.
There are many concerns revolving loan application and management. Many individuals face issues in getting a loan and in managing their debts. The good thing is that there are debt service companies that will assist you every step of the way - from helping you land the perfect loan that fits your requirements to guide you in settling your debts. Whatever it is, you’re sure to find the service that you need in these companies.
In this blog, I’ll discuss the best debt consolidation loan providers that offer the best value for small businesses. Read on to see which brands made it to the list!
Best for Debt Relief Services
CuraDebt is a financial solutions company that started in 2000 in California. CuraDebt has successfully solidified itself as the right choice in dealing with debt consolidation, debt management, debt settlement, and tax debt services in significant parts of the US with over two decades of experience.
- Debt settlement
- Debt consolidation
- Debt management
- Debt relief
- Tax debt relief
What I like about CuraDebt:
- Excellent customer service & reviews
- Proven credibility through its professional affiliations with known organizations
- FDCPA/TCPA Protection
- Proven years of experience
- Superior expertise by its licensed team of professionals
CuraDebt has different pricing per state. To avail of its services, customers will first get free consultation wherein you get a one-on-one session with a debt relief expert. Once you decide to move forward, these are the necessary fees associated in each of its services:
- No upfront fees are required to avail of its debt relief services
- Initial investigation fee of $950 for tax debt relief services of up to $25,000
- Investigation fee increases for debts beyond $25,000
- Professional fees cost 20% of your total debt
Take note that with CuraDebt, you only pay once the case is settled. Many customers say that they save about 30-50% of their total enrolled debt, which is a pretty sweet deal for anyone burdened with debts.
CuraDebt shows off to be the right choice in terms of tax and debt relief assistance. If you’re looking for an all-in-one debt services provider with a proven track record, subject matter expertise, and flexibility that fits your needs, I surely recommend CuraDebt.
If you want to know more about CuraDebt and its services, you may check out my full review through the link below.
Best Choice for Individuals with Average to Low Credit Score
LendingTree is an online loan marketplace that connects multiple borrowers with lenders to come up with a sound agreement that’s a win-win for both parties. To date, LendingTree helped over 100 millions of customers since beginning in 1998.
LendingTree doesn’t offer loans or credit; the company functions as a middleman between borrowers and lenders. It offers a wide selection of financial services through its massive lender network across the US.
The company offers several types of loans, including the following:
- Business Loans
- Mortgage Refinance
- Home Equity Loans
- Credit Cards
- Reverse Mortgages
- Mortgage Calculators
- Banking Products
- Personal Loans
- Auto Loans
- Free Credit Score
- Student Loan Refinance
LendingTree facilitates loans between $1,000 and $35,000. To start with your application, you only need to verify your details alongside your credit rating.
What I like about LendingTree:
The thing I like most about LendingTree is how it changed the status quo from the banks having the sole power to reject or accept loan applications, to have the banks bid for borrowers. Even without an outstanding credit score, LendingTree will surely help you get multiple offers in minutes upon signing up. This service makes it easy to get lenders to deal with you, and the best part is – this service is for free.
LendingTree offers an excellent way to find the best deal for your financial requirements, so you won’t have to deal with the stress of getting rejected by banks and lending institutions. By receiving multiple offers from banks and other financial institutions, you’re sure to get the financial aid that you need. The best part? The service is free!
If you want to know more about LendingTree and its features, check out my review article below.
Best Choice for Small Businesses
Kabbage specializes in funding small businesses and individuals. It is 100% legitimate and has been around for over a decade, garnering an A+ rating with the Better Business Bureau since 2014. The company offers credit lines ranging from $2,000 to $250,000, with APR ranging from 20% up to 80%.
Kabbage is an online lending company that provides funding to small businesses and individuals through its platform. The company offers financing of up to $250,000 with lending terms of up to 18 months. It serves the type of customers that banks typically reject, like those who don’t have an excellent credit rating and need cash immediately.
What I like about CuraDebt:
The thing I like most about Kabbage is its accessibility and ease of use. Kabbage makes it extremely easy for individuals to get funding even without an outstanding credit score. It’s fast processing & approvals is also praiseworthy, perfect for those who need instant business funding.
Kabbage offers a simple monthly payment whenever you use funds – pay for what you spend. Monthly payment with Kabbage is a combination of the principal and interest, depending on the type of loan you have.
Here are the basic things you need to understand:
- Six-month loan term will typically require you to pay a fee of 1.5-10% of the loan amount for the first two months and 1% for the following months
- A 12-month loan term requires you to pay 1.5-10% for the first six months and 1% for the remaining months
- Kabbage’s maximum loan amount is only $250,000
- The most extended payment term is only 18 months
Kabbage is perfect for borrowers who don’t have an outstanding credit score. It’s also the right choice for those who need cash urgently with its quick funding service. Its service makes it easy for you to get instant funding without going through tedious bank applications. Thus, making it the perfect choice for short-term credit.
When you sign up with any of these companies, managing your loans and debts will surely come handy. If you’re faced with the dilemma of managing multiple debts, the best option is to sign up with a company that offers debt services. By doing so, you’ll be protecting yourself from unsecured debts and from getting additional debts.
What do you think of our list? Leave us a comment below!
eCommerce Paradise was created by Trevor Fenner of Seattle, Washington in 2015 to help you, the entrepreneur, to start and scale your own eCommerce business selling high-ticket products online with the drop shipping fulfillment method so you can make more profit per sale, have a sustainable and evergreen online business, get started with very little upfront investment, and live a location independent lifestyle. Trevor owns multiple 7-figure High-Ticket Drop Shipping eCommerce stores and is a digital nomad, traveling the world while working remotely with the help of his team of over 10 virtual assistants from around the world. Trevor is currently located in Bali, Indonesia. Trevor is also a passionate skateboarder, surfer, scuba diver, photographer, environmentalist, outdoorsman, fitness and tattoo enthusiast.
AFFILIATE DISCLOSURE: Some of the links on this page may be affiliate referral links. I will get a commission from the vendor when you make a purchase after clicking them at no added cost to you. As a result, many of them also provide you with a special discount just for using my link. You can go directly to their support if you have any issues with their software or product.