Non-Bank · Direct Funder · 70+ Lender Network
Alternative business loans when the bank says no.
Summit is a direct lender and a broker platform serving operators banks reject — sub-680 FICO, under 2 years in business, restricted industries, time-sensitive closes. From $5,000 same-day MCAs to $25M private credit facilities, we fund the alternative side of the market with bank-grade discipline.
- Capital
- $5K – $25M
- Lender Network
- 70+
- Min FICO
- 500+
- Fund Speed
- Same day
Your options
Every non-bank business loan product in one place.
Merchant Cash Advance
$5K – $2MSame day
Purchase of future receivables. Fastest alternative funding. Factor rates 1.15–1.49.
Revenue-Based Line of Credit
$10K – $1M1–3 days
Revolving alternative credit priced off cash flow. Draw, repay, redraw.
Online Term Loan
$25K – $500K1–7 days
Fixed-payment alternative to a bank term loan. 12–60 months, APR 10–45%.
Invoice Factoring
$25K – $10M2–7 days
Sell AR for immediate cash. Approval driven by customer credit, not yours.
Asset-Based Lending
$250K – $25M2–4 weeks
Borrow against AR + inventory. Bank-style facility from non-bank lenders.
Private Credit / Direct Lending
$500K – $25M2–4 weeks
Sponsor-backed or story credits. Bespoke structure, hold paper through workout.
FAQ
Alternative business loans, answered.
What are alternative business loans?
Alternative business loans are non-bank business funding products — MCAs, revenue-based financing, online term loans, invoice factoring, equipment financing, asset-based lending, bridge debt, and private credit. They fund faster, accept lower credit, and underwrite cash flow or collateral instead of pristine financial statements, but cost more than traditional bank loans.
What's a direct lender business loan?
A direct lender business loan comes from the company that holds the paper and funds the wire — not a marketplace that sells your lead. Summit is a direct funder on deals we like and a broker across 70+ funders on everything else, so you get direct-lender pricing without being limited to one balance sheet.
When should I use an alternative business loan instead of a bank?
Use alternative business funding when speed matters (same-day vs 30–60 days), when your credit is sub-680, when you've been in business under 2 years, when your industry is restricted by banks, or when you need flexibility on collateral and documentation. Alternative costs more but closes when banks won't.
How much do alternative business loans cost?
Pricing depends on product and risk: MCAs run 1.15–1.49 factor (~30–80% APR), revenue-based lines 15–60% APR, alternative term loans 10–45% APR, ABL and bridge 8–18%, private credit 10–14%. Summit produces APR-equivalent disclosures so you can compare on real numbers.
How do I qualify for an alternative business loan?
Most alternative business lenders require 3+ months in business, $10K+ in monthly deposits, FICO 500+ (450 with strong revenue), and a U.S. business bank account. Document requirements scale with loan size — small advances need 3 months of bank statements; large facilities need tax returns and financials.
Are alternative business loans safe?
Reputable alternative lenders are regulated by state commercial financing disclosure laws (CA, NY, UT, VA, CT, GA, KS), and registered as money services or commercial lenders. The risk is in working with brokers who shop your file recklessly or stack you with predatory positions. Summit underwrites first, then routes selectively.
The alternative to waiting on a bank.
Soft-pull pre-qualification. No obligation. Same-day decisions on revenue-based products.