Noble provides working capital loans ranging from $50,000 to $2,000,000. Businesses can also get quick financing – funds can be transferred in as little as two to three business days. Some lenders we evaluated provide same-day financing, but based on the amounts and Noble working with multiple lenders to get you the best deal, funding is still quicker than traditional banks.
Individual rates vary widely depending on your business’s financial situation, but Noble offers additional information on overall loan structure and rates for its Fast Cash Business Loans. In general, rates vary from six to 18 months, making this an ideal short-term loan option. Noble also says that these working capital loans can be renewed multiple times once the loan is paid down to half the original amount. This level of flexibility means small business owners will be able to increase working capital and better manage cash flow.
Noble’s fast cash loans can be taken out even if you have an existing UCC-1 blanket lien on your business’s assets. This can help you manage cash flow even when you have other loan obligations. Loans with Noble operate largely on a personal guarantee, but the company said this can be waived in some cases based on your business’s financial history. Because Noble works with other lenders, it can present you with multiple options and agreements on rates, terms and collateral, so you can pick what works best for your business.
Customer Service and Reputation
We posed as a small business owner and called Noble sales agents multiple times to find out more about their loan offering. Each time we called, representatives helped us learn more about Noble’s loans and what might be best for our business. They didn’t jump quickly for our information or try and sell us on why Noble was an ideal lending option. Instead, they worked with us so we could better understand the company’s offering. They answered all of our general questions about the alternative lending industry and provided us with advice.
Some lenders we called sent us straight to voicemail every time. Noble not only answered each of our calls but took the time to help us understand what was right for our business. We were very pleased with Noble’s customer service.
Noble has a solid online reputation with the Better Business Bureau. It’s an accredited business, scoring an A+ with the organization. As of March 2019, there were no complaints filed on the company’s BBB page either. There also weren’t any customer reviews. Other review websites also verified Noble as a solid lending option. The company has been lending to small businesses for over a decade and has a wide range of loan products in addition to its working capital offering.
Why Working Capital?
Working capital loans are flexible business loans that are ideal for business owners looking to grow their business. They differ from traditional small business loans because of their flexibility and quick funding options. These types of loans are ideal for managing cash flow, covering payroll, investing in marketing or advertising campaigns, refinancing debt, paying business taxes, or making minor renovations or improvements. These loans are usually short-term, so any short-term expense or cash flow management problem can be addressed with a working capital loan.