Alternative funding with competitive rates for small businesses and startups in 13 states.

  • Best for small businesses and startups in the south.
  • Pick something else if you need a large loan or outside of LiftFund’s serviced area.

    $500

    Min. Amount

    $1,000,000

    Max. Amount

    Details

    Product Name LiftFund business loans
    Min. Amount $500
    Max. Amount $1,000,000
    Loan Term From 5 years
    APR Up to 18%
    Requirements Live and operate your business in an eligible state, meet income standards, no bankruptcy filings in 2+ years

    How much will this loan cost me?

    LiftFund offers loans of $500 to $1 million — with terms of up to five years. However, it doesn’t list any specific rates on its website, so you won’t know exactly how much you might pay until after you apply.

    When you do, be sure to use the calculator below to estimate your monthly repayments.

    Monthly repayments calculator

    Calculate how much you could expect to pay each month

    Your loan
    Loan amount
    $
    Loan terms (in years)
    Interest rate
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    Fill out the form and click on “Calculate” to see your estimated monthly payment.

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    Compare business loans now

    How it works

    When considering your application, LiftFund looks at your ability to repay your loan, your character, your commitment to improve your business and your credit score. It also considers your history of payment to past lenders, landlords and suppliers.

    Your current financial situation is important as well. LiftFund wants to see strong revenue or proof of outside income, especially if you’re a startup. The rates you’re offered — and the amount you can borrow — will depend on these factors. The better your business is doing financially, the more likely you are to qualify for a low APR.

    What do I need to qualify?

    LiftFund requires you to meet a few basic qualifications you’ll need to meet in order to be considered for a business loan.

    • Lived in serviced area for at least six months
    • Operating in service area for more than six months
    • Proof of outside income — for startups
    • At least 21 years old

    And like many lenders, you’ll be disqualified if you’ve filed for Chapter 7 bankruptcy in the past two years, filed for Chapter 12 bankruptcy in the past year or are in the adult entertainment industry.

    LiftFund offers loans to southern businesses

    • Alabama
    • Arkansas
    • Florida
    • Georgia
    • Kentucky
    • Louisiana
    • Mississippi
    • Missouri
    • New Mexico
    • Oklahoma
    • South Carolina
    • Tennessee
    • Texas

    What information do I need to apply?

    LiftFund requires you to provide some basic documents when you apply, including:

    • Employer identification number
    • Social Security or individual tax identification number
    • Copy of your driver’s license
    • Copy of your recent credit report
    • Proof of revenue or outside income, if a startups
    • Two references

    What industries does LiftFund work with?

    The only industry LiftFund expressly will not work with is adult entertainment. However, it may not fund your loan if you are in other high-risk or nontraditional industries like cannabis.

    What other types of financing does LiftFund offer?

    LiftFund has two more loans you can apply for:

    • SBA 7(a) and 504 loans. Two common government-backed loan options to fund normal business expenses, working capital and commercial real estate.
    • Goldman Sachs Houston and Dallas loans. A program that offers loans that range from $50,000 to $400,000 to cover a variety of business needs. It’s best for larger, more established businesses that can prove they create jobs in economically disadvantaged areas.

    Pros

    • Startups and restaurants accepted
    • Lower credit scores OK
    • Larger loans available for established businesses

    Cons

    • Only available in 13 states
    • Turnaround may take up to four weeks
    • Limited information online
    • May require collateral

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