Bond Street

Simple, fair and transparent lending for SMBs

Would you recommend this product?
No reviews yet
Very happy investor in Bond Street. Sterling team helping SMBs access capital to grow grow grow! Just raised $110m equity + debt ->
What's the difference between Bond Street, Fundera, On Deck Capital or the handful of other lending services? As a prospective customer, why would I choose Bond Street rather than Fundera, etc?
@jonathanmarcus Great question. We're pretty different from both Fundera and On Deck. Fundera acts as a broker / lead gen business in this space. If you liken them to Kayak, then Bond Street is the Virgin America of the lending space :). They aren't actually the ones to underwrite the loan / make the ultimate decision. On Deck has built a very successful lending business, but they play in a different part of the market than we do. Their average loans are around $35K, 10 months in duration and ~50% APR and really are for businesses who are in immediate need of capital / are willing to pay a lot for it. Whereas, the average Bond Street loan is $170K, 3 years in duration, and around 11% APR. So our customers are typically investing in their growth by opening a new location, hiring employees, buying equipment, etc. We are much more competitive with banks from an interest rate perspective, but have shortened the process of applying and receiving funding to a few days instead of a few weeks! Hope that helps.
@dhaber OK, wow. I apologize for my ignorance! The differences are obvious now. Thanks for such a helpful summary.