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Fox Business Funding vs Backd Business Funding
Built live from what each lender publishes. Nothing here is estimated — where a lender publishes nothing, the cell says so.
| Attribute | Fox Business Funding | Backd Business Funding |
|---|---|---|
| On the record |
|
|
| Lender type | Direct funder | Not stated |
| Products offered | Working capital | Working capital, Term loan, Line of credit |
| Published amounts | Up to $1M | $10K – $2M |
| Pricing basis | Not disclosed | Not disclosed |
| Published rate | Not disclosed | Not disclosed |
| Disclosed fees | "No broker fees". No origination, admin or underwriting fee is mentioned anywhere on the site. | Not disclosed |
| Repayment frequency | Not disclosed | Variable with revenue |
| Term length | Not disclosed | 16 months |
| Minimum credit score | 550 | Not disclosed |
| Minimum time in business | 1 yr | 1 yr |
| Minimum monthly revenue | $50K/mo | Not disclosed |
| Collateral required | Not disclosed | Not disclosed |
| Personal guarantee | Not disclosed | Not disclosed |
| States excluded | Not disclosed | Not disclosed |
| Industries excluded | Not disclosed | Not disclosed |
| Speed to fund | as little as 2 business days | 24-hour turnarounds |
| Speed conditions | Approval is described separately and faster: "Fast same day approval with one simple application" and applications "typically reviewed within hour after you apply". The 2 business days refers to the f | "same day decisions"; the site footnotes that decisions and funding may take additional time and may not be same-day |
| Headquarters | Hollywood, FL | Austin, TX |
| Established | 2012 | Not disclosed |
| Next step | Enquire Review | Enquire Review |
Rates on this page are not directly comparable unless the pricing basis matches. A factor rate of 1.30 and an APR of 30% are different measures of different things — a factor rate is a multiple of the amount advanced with no time dimension, an APR is annualised. Read the pricing basis row before comparing the rate row.