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Advertiser Disclosure

Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.

Disclaimer: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone. For a full list of our advertisers, see our disclosure page.

Opinions, analyses, reviews, or recommendations expressed here are the author’s alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer’s Affiliate Program. For a full list of our advertisers, see our disclosure page.

Bond Street Small Business Loan Review: No Longer Lending

As of September 2017, Bond Street is no longer accepting new loan applications.

According to multiple sources, Bond Street ceased operations in September 2017 and is no longer accepting new loan applications. Current loans with the company will continue to be serviced as Bond Street sold its $300 million loan portfolio to Jefferies. Bond Street joins a growing list of online small business lenders, such as Dealstruck and Bizfi, that have gone out of business in recent years.

If you were considering a small business loan from Bond Street, we recommend the following options instead. These lenders offer similar rates and terms as Bond Street and generally have similar eligibility criteria.

LenderLoan AmountsAPRsEligibility Criteria
$5,000 - $300,0007.77% - 35.11%
  • Minimum personal credit score: 620
  • Minimum annual revenue: $75,000
  • Minimum time in business: 2 years
  • Borrower owns at least 20% of business
  • No recent bankruptcies or tax liens
$25,000 - $500,0007.35% - 33.00%
  • Minimum personal credit score: 620
  • Minimum time in business: 2 years
  • At least 2 years of profitability
$20,000 - $500,0007.99% - 29.99%
  • Minimum personal credit score: 620
  • Minimum annual revenue: $100,000
  • Minimum time in business: 1 year
  • At least 3 employees
$10,000 - $350,0008.00% - 25.00%
  • Minimum personal credit score: 680
  • Minimum annual revenue: $250,000
  • Minimum time in business: 18 months
  • Business owner is U.S. citizen
  • No commercial or personal bankruptcies within the last 5 years

Compare Small Business Loans

$
{"defaultValue":"50000","label":"Loan Amount","name":"loanAmount","symbol":"$","symbolLocation":"left","showLabel":false}
{"label":"Credit Score","name":"creditScore","defaultValue":"701","value":"701","options":[{"label":"Credit Score","value":"701"},{"label":"Poor (350-500)","value":"350"},{"label":"Fair (501-600)","value":"500"},{"label":"Average (601-650)","value":"600"},{"label":"Good (651-700)","value":"650"},{"label":"Excellent (701-850)","value":"700"}],"showLabel":false}
{"label":"Age of Business","name":"age","defaultValue":"25","value":"25","options":[{"label":"Age of Business","value":"25"},{"label":"Starting a Business","value":"0"},{"label":"3 Months","value":"3"},{"label":"6 Months","value":"6"},{"label":"9 Months","value":"9"},{"label":"1 Year","value":"12"},{"label":"2+ Years","value":"24"}],"showLabel":false}

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