# Backd Source: https://businessloanbroker.ai/lenders/backd/ Site: BusinessLoanBroker.ai (powered by Levr) > Backd lends US small businesses unsecured lines of credit to $1 million and term loans to $2 million with automatic payments. See who qualifies. Backd is an online lender in Austin, Texas, that provides unsecured working capital to established US small businesses. It funds lines of credit from $50,000 to $1 million and term loans from $50,000 to $2 million, and it also lets B2B companies offer net terms to their own customers. ## Key facts - **Products:** Business line of credit, business term loan, B2B net terms and vendor financing - **Funding range:** Line of credit $50,000 to $1,000,000; term loan $50,000 to $2,000,000 - **Repayment:** Fixed term instalments or revolving line, automatic daily, weekly or semi monthly payments - **Operates in:** United States - **Industries:** Broad small business, plus B2B companies offering terms to customers - **Founded and headquarters:** 2018, Austin, Texas - **Website:** backd.com ## What does Backd offer? Backd offers three products. A [business line of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) from $50,000 to $1 million that you draw on as needed. A [business term loan](https://businessloanbroker.ai/business-loans/term-loans/) from $50,000 to $2 million repaid in fixed instalments. And a B2B net terms product that pays you up front while your customers pay Backd over time. All are unsecured with no collateral, and payments are collected automatically on a daily, weekly or semi monthly schedule. Loans are originated through its partner, FinWise Bank. ## Who does Backd fund, and who do they decline? Backd funds established US small businesses across most industries, and its published guidance is annual revenue above $100,000. Its $50,000 minimum means it is not built for very small needs; a business that wants $15,000 should look elsewhere. The B2B net terms product is for companies that sell to other businesses and want to offer 30 to 90 day terms without carrying the receivable. Backd does not publish decline criteria. Expect the usual online lender tests on time in business, bank balances and credit, and note that daily or weekly automatic payments require consistent cash flow. ## What does it typically cost and how fast is it? Backd does not publish rates or fees; pricing is quoted per file. Online lines and term loans in this category are usually priced well above a bank, so compare the quoted cost with the typical ranges on our [line of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) and [term loan](https://businessloanbroker.ai/business-loans/term-loans/) pages, and ask for the APR in writing. Funding speed is not published beyond a general claim of fast working capital. Backd publishes that it has approved more than $1 billion for over 10,000 businesses, as a company figure. ## What will you need to apply? Expect a short online application with three to six months of business bank statements, your EIN and formation documents, and owner ID. Larger term loans may need business tax returns and a recent profit and loss. For the net terms product, Backd will also want to understand your customers. Our [document checklist](https://businessloanbroker.ai/guides/document-checklist/) has the complete list. ## How does Backd compare with similar lenders? [Bluevine](https://businessloanbroker.ai/lenders/bluevine/) offers a line up to $250,000, a term loan up to $500,000 and SBA loans, with banking attached, so it suits a smaller business that wants everything in one place. [Fundbox](https://businessloanbroker.ai/lenders/fundbox/) tops out at $250,000 with 12 or 24 week repayment and no early repayment fees, which fits very short gaps. Backd's edge is size: its $1 million line and $2 million term loan are well above both, so it is the pick when you need more than $250,000 without collateral. ## How to apply Apply once on this site and matching shows whether Backd, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our [MCP server](https://businessloanbroker.ai/agents/). A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you. | Lender | Products | Funding range | Operates in | Best suited for | |---|---|---|---|---| | Backd | Line of credit, term loan, B2B net terms | $50,000 to $2,000,000 | United States | Established US businesses above $100,000 revenue needing fast working capital | | Bluevine | Line of credit, term loan, SBA 7(a) | Up to $500,000 | United States | Growing US businesses wanting banking and working capital together | | Fundbox | Line of credit, term loan | Up to $250,000 | United States | Established US businesses needing fast, flexible working capital up to $250,000 | ## Questions and answers **Does Backd require collateral?** No. Backd publishes that its lines and term loans are unsecured with no collateral required. A personal guarantee may still apply, so read the agreement. **Who actually makes the loan?** Backd publishes that funding is originated through its partner, FinWise Bank. Your agreement will name the lender of record, which matters for state rules and disputes. **Can I use Backd to offer my customers payment terms?** Yes. Its B2B net terms and vendor financing product pays you up front and lets your customers pay over time, so you get the sale without carrying the receivable. ## Related - [Bluevine](https://businessloanbroker.ai/lenders/bluevine/) - [Fundbox](https://businessloanbroker.ai/lenders/fundbox/) - [Business lines of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) - [Business term loans](https://businessloanbroker.ai/business-loans/term-loans/) ## Apply Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-backd MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)