I've used several of the high-interest rate online lenders, such as Able Lending, Kabbage, Fundation, etc. They are all the same. The company was over three years old, which is sometimes a requirement (or a key factor in risk assessment). The business was doing about a million dollars top-line, but not quite profitable. We did not need to point to growth, but did need to outline a plan that shows how we pay the loans back. The lower the amount borrowed, the less the lender was concerned with future cash flow. Almost all of the lenders required access to either Quickbooks or the business bank account.<p>Kabbage was fairly easy for $50,000; 18 month term loan around 19%.
Fundation was fairly easy for around $100,000 for 18-months at 13%.
Able Lending was an involved process for $500,000. That was a 36-month term loan at roughly 16%.<p>Since we can point to some months of profitability, significant capital expense in the form of R&D, and consistent cash flow, an SBA loan (in the USA) is a possibility now. The interest rate is under 10%, the term length is 7 years (?) for working capital (25 years for real estate). That's really the best deal in town, if you qualify. It's not that hard to qualify, as long as you are not just starting out.<p>I've also borrowed $250,000 from a supplier. That was a pain in the ass, but was critical to staying alive. In all cases, I've had to personally guarantee the debt.