The Business Backer Review

ByTop10 StaffFeb. 16, 2020

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In a Nutshell

The Business Backer’s mission is to be a transparent funding source that helps small businesses receive the capital they need to succeed. They offer three products: a purchase of receivables (merchant cash advance), small business loan and Headway Capital’s business line of credit, and their Funding Advisors work with small business owners to find the right funding solution for their business’ needs.


  • Excellent customer service
  • Funding available in all 50 states
  • Apply for additional funds in as quickly as 60 days


  • Funding only up to $200,000
  • Not for businesses that are less than 1 year old
  • Funding is not available to sole proprietorships or non-profits

The Business Backer at a Glance 

Loan types
Business loans, lines of credit, merchant cash advances
Loan amount Up to $200,000
Repayment terms 4 to 24 months
Varies between products
Minimum credit score 600
Annual revenue required $250,000
Best for
Businesses needing working capital quickly
Direct lender or marketplace
Direct lender


The Business Backer began in 2007, and became a subsidiary of Enova International Inc., a NYSE listed company (ENVA), in 2015. Their Funding Advisors take the time to listen to your needs and match you with a product that will work best for you. 

Best For?

TBB’s “sweet spot” customer will have 2 years in business, an AGR of at least $250,000, a minimum credit score of 600 and an average bank balance of about $3,000 / month. If this sounds like your company, apply through The Business Backer to see if you qualify today! 

Loan Features

  • Funding available same business day*

  • Multiple products available

  • Funding available in all 50 states

  • If approved, eligible to apply for additional funds as quickly as 60 days

  • Payment schedules available for seasonal business (12 months of bank statements needed)

  • We report to Experian business on a monthly basis which means on-time, payments / deliveries could help build a business’ credit

The Application Process

It’s quick and simple to apply with The Business Backer.

  • Complete the online application to see if you qualify right away. Applying will not impact your credit score. 

  • If qualified, a Funding Advisor will reach out to help determine the right funding option. 

  • Provide the last 3 months of business bank statements.

  • If approved, receive funds as soon as same business day.*

How Much Can You Borrow?

The Business Backer funds up to $200,000 for its purchase of receivables (merchant cash advance) and small business loan products. For Headway Capital’s line of credit, funding up to $100,000 is available.

Repayment Terms

For The Business Backer’s purchase of receivables (merchant cash advance) product, factor rates start at 1.2 for a 12-month period. There is a 1%-3% purchase fee involved.

For The Business Backer’s small business loan product, interest expense starts at 1.70% / month of the funding amount. There is a 1%-8% origination fee involved. 

For Headway Capital’s business line of credit product, monthly rates start at 3.3% 

Privacy and Security

At The Business Backer, we understand the importance of privacy and security. We protect our data with bank-level security and 128-bit encryption. We are Norton and McAfee secured and we have an A+ Rating from the Better Business Bureau

Help & Support

The Business Backer is available M-F 8:30 AM - 5:30 PM ET. Please give us a call at: 866.615.4747 or visit:


The Business Backer combines its personal touch approach with a variety of products offered to help business owners find the right funding option for them. 

Physical Address

The Business Backer

10856 Reed Hartman Highway, Suite 100

Cincinnati, OH 45224

*For The Business Backer’s Purchase of Receivables and Small Business Loan, funds will be available same business day if approved before 2:00 p.m. CT. If approved after 2:00 p.m. CT, funds will be delivered next business day. For Headway Capital’s Business Line of Credit, funds will be available next business day if draw is issued before 6:00 p.m. CT. If draw is issued after 6:00 p.m. CT, funds will be available in two business days.

The Business Backer customer testimonials

ExcellentReviews 177
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  • author
    Sep 16, 2020

    Service is friendly and efficient


  • author
    Brad Brown
    Sep 16, 2020
    Still great to deal with

    Still great to deal with. Question the changes with new people and change of how documents are submitted but....


  • author
    Sep 11, 2020
    Excellent company to do business with

    Excellent company to do business with. Straight forward and had no issues. Would do business with them again.


  • author
    Jim Stewart
    Aug 15, 2020
    Business Backer Does Back Businesses

    Business Backer has been very accommodating during the COVID pandemic with respect to payback adjustments. Their flexibility has really helped my small business get through this tough financial crisis.


  • author
    Aug 12, 2020
    The service from the Business Backer…

    The service from the Business Backer from when we initially started working with them a couple years ago, and through the present time, has always been exceptional. They have been here to support us in being flexible with options that work best for us as we move through these variable times. I look forward to continuing our business relations with them for years to come.