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Bank, broker or Raven Lenders.

The three usual routes to business funding, side by side, on the things that decide whether you get funded and how fast. Figures from Raven Lenders.

BankBroker platformsRaven Lenders
Time in business2 years1 year4+ months
Credit requirement700+ FICO640+ FICOOptions from 500+ FICO
Application process2 to 6 months1 to 2 weeksSame day to 5 days
Funding amount$10,000 to $250,000$10,000 to $500,000$5,000 to $1,000,000
Repayment terms2 to 5 years3 to 18 months3 months to 3 years
Revenue requirement$250,000 a year$250,000 a year$120,000 a year
Payment typeWeekly or monthlyDaily or weeklyDaily or weekly options
Your informationNot resoldOften resoldNo broker bombardment
Rate typeAPR 10% to 30%APR 20% to 60%Competitive options

Bars show each route's requirement or range on one scale; shorter is easier to meet, except funding amount.

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