Company overview
HQ · Cincinnati, OH
Term loanLine of credit
The Business Backer (Business Backer, LLC) is a Cincinnati, OH–based small business finance provider founded in 2007. Historically it offered small business loans, purchase of receivables/merchant cash advances and a business line of credit; today, its website routes applicants to OnDeck (an Enova brand) for term loans and lines of credit with transparent, fast funding. The company has served thousands of businesses nationwide under standard OnDeck underwriting thresholds.
Company focus
- Headquarters
- Cincinnati, OH
- Founded
- 2007
- Employees
- 51-200
- Excluded industries
- Adult entertainment or materials, Art dealers, Bail bond services, Birth tourism, Boat dealers, Drug dispensaries, Firearms vendors, Gambling (lotteries, casinos, raffles, gaming), Gold dealers, Government and non-profits, public administration, civic organizations, Horoscope and fortune telling, Manufactured (mobile) home dealers, Money services businesses (MSBs), Mortgage and non-mortgage loan brokers, Motorcycle, ATV, and all other motor vehicle dealers, Multi-level marketing, New car dealers, Non-profits, Outdoor power equipment stores, Pawn shops, Private households, Recreational vehicle dealers, Religious/civic organizations, Rooming and boarding houses, Used car dealers, Wireless (mobile phone) stores
- Specialties
- Term loans and lines of credit via OnDeck, Fast funding (as soon as same day after approval), U.S.-based loan advisors
Reported eligibility
- Reported score (scale not specified)
- 70
- Monthly revenue from
- $8,333
- Time in business (months)
- 12
- Maximum positions
- 1
Funding & terms
- Funding from
- $5,000
- Funding up to
- $400,000
Third-party reputation
- Reported research
- BBB: Not Rated and not accredited for The Business Backer; notes acquisition by Enova. Trustpilot: 4.2/5 from 189 reviews. BusinessBacker.com directs new applicants to OnDeck (A+ BBB rating per site) and notes OnDeck does not lend in North Dakota and has published restricted industries.
- Reading this research
- Third-party ratings are historical research, not a Plutus merchant rating. Legal and cost statements are attributed reports, not findings by Plutus; confirm the original sources and current terms.