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About Lender

Indymae small business loans represent a dynamic financial solution tailored specifically to the needs of small businesses in the United States. As a leading online financing platform with an impressive network of lenders, Indymae specializes in offering a diverse array of funding options, including business loans, SBA loans, equipment financing, lines of credit, AR lines and term loans. Designed to empower entrepreneurs and facilitate business growth, Indymae loans provide flexible terms, competitive interest rates, and easy access to capital, ensuring that businesses have the financial resources they need to thrive.

Indymae's comprehensive financing program is meticulously crafted to address various business needs, from covering working capital requirements to funding expansion initiatives. With a streamlined application process, responsive customer service, and a network of reputable lenders, Indymae simplifies the borrowing experience for small business owners, allowing them to focus on driving success and achieving their growth objectives. Whether it's securing funds for equipment purchases, managing cash flow, or investing in marketing campaigns, Indymae loans offer the right financing program to propel businesses forward.


Key Features

  1. SBA Loan Expertise. Indymae specializes in Small Business Administration (SBA) loans, providing longer terms, lower interest rates, and lower payments, fostering unparalleled financial growth for small businesses.

  2. Working Capital Support. Businesses can utilize Indymae loans to address critical aspects of their operations, including working capital, cash flow management, and covering payroll expenses.

  3. Diverse Use of Proceeds. From hiring more employees to debt consolidation and marketing campaigns, Indymae loans allow businesses to allocate funds strategically based on their unique requirements.

  4. Expert Guidance. The platform guides business owners through the application process, ensuring clarity on required documents and providing expert assistance to enhance the likelihood of loan approval. Indymae also offer financial educating throught Capital Compass, it is a source to get relevent news and information on business loan products in the ever changing lending and credit markets.

  5. Alternative Financing Options. In the event of SBA loan decline, Indymae leverages its extensive network to offer alternative financing options, maximizing opportunities for businesses to secure funding.

Pros and Cons


Flexible Loan Amounts. Businesses can choose from a range of loan amounts, starting at $30,000 and going up to $500,000, catering to a diverse set of funding needs.

Tailored Financing Programs. Indymae offers financing programs customized to suit the unique requirements of individual businesses, ensuring they receive the most appropriate funding solution for their growth goals.

Streamlined Application Process. With an easy-to-navigate online platform, Indymae simplifies the loan application process, providing quick and efficient access to intelligent capital for small business owners.


Limited to Small Businesses. Indymae's focus on small business financing may limit its suitability for larger enterprises with more extensive funding needs.

Credit Score Requirements. Meeting the credit score requirements may be a challenge for some businesses, as a good credit history is often a key factor in loan approval.

Industry Exclusions. Some industries are excluded from SBA loans, which could limit the scope of businesses operating in these sectors.


Indymae demonstrates a level of reliability evidenced by its A+ rating on the Better Business Bureau (BBB). While it's worth noting that Indymae is not an approved lender by the Small Business Administration (SBA), the company's track record in originating and securing approvals for business loans and other financial products underscores its commitment to facilitating access to capital for small businesses. However, prospective borrowers should conduct thorough due diligence and assess Indymae's offerings in light of their specific needs and preferences to ensure a suitable financing solution.

How to Apply for an Indymae Loan?

  1. Prequalification. Start by visiting the Indymae website and exploring the various financing options available. Many applicants can prequalify for a loan without impacting their credit score, providing an initial indication of their eligibility.

  2. Application Submission. Once prequalified, proceed to the loan application process. Indymae's user-friendly online platform simplifies the application process, allowing applicants to complete the necessary forms and submit required documents digitally.

  3. Document Submission. Gather the required documents for the loan application, which typically include business and personal tax returns, recent bank statements, a color photo of your driver's license, and a voided business check. Ensure all documents are accurate and up-to-date before submission.

  4. Review and Approval. After submitting your application and documents, the Indymae team will review your information to assess your eligibility for financing. If additional information is required, they will reach out to you for clarification.

  5. Loan Offers. Upon successful review, Indymae will present you with tailored financing offers from their network of lenders. These offers will detail loan terms, interest rates, repayment options, and any associated fees.

  6. Loan Acceptance. Review the loan offers carefully and select the one that best suits your business needs. Once you've chosen a loan offer, you'll need to accept the terms and conditions outlined in the loan agreement.

  7. Funding. Upon acceptance of the loan offer, the funding process will commence. Funds will be disbursed directly to your business bank account, typically within a few business days, allowing you to access the capital you need to support your business growth initiatives.

Conditions and Requirements


  1. Loan Amounts. Indymae offers loan amounts ranging from $30,000 to $500,000 for various purposes, including working capital, equipment financing, debt consolidation, and more.

  2. Loan Terms. Depending on the type of loan, repayment terms can extend up to 10 years, providing businesses with flexibility in managing their finances.

  3. Interest Rates. Interest rates vary depending on factors such as the loan term and the borrower's credit profile. For SBA loans, interest rates can range from 11.25% to 12.25%, while rates for other loan products may differ.

  4. Repayment Options. Borrowers can choose from monthly or weekly repayment schedules, allowing them to select the option that best fits their cash flow needs.

  5. Soft Credit Pull. Indymae conducts a soft credit pull during the prequalification process, which does not impact the borrower's credit score. However, a hard credit pull may be performed later in the loan approval process by the lenders with whom Indymae works.

  6. Loan Activation. For business lines of credit, funds are available for withdrawal as needed, with each draw adding term to make payments, providing flexibility and control over working capital management.


  1. Business Stability. Typically, businesses should have been operational for at least two years to be eligible for financing through Indymae.

  2. Credit Score. Business owner is generally required to have a good personal credit score, often above 650, to qualify for loans.

  3. Financial Documentation. Applicants need to provide various financial documents, including business and personal tax returns, bank statements, and proof of identification.

  4. Legal Status. Businesses must be legally registered entities operating in the United States, and business owners must be U.S. citizens or lawful permanent residents aged 21 or older.

  5. No Outstanding Liens or Bankruptcies. Borrowers should not have any outstanding tax liens, bankruptcies, or foreclosures in the past few years.

  6. Up-to-Date on Government Loans. Businesses should be current on any government-related loans they may have.

  7. Financial Performance. Indymae generally looks for businesses with annual revenues ranging from $50,000 to $5 million and employing 1 to 40 individuals. They prefer profitable businesses, maintain positive cash flow, and demonstrate the ability to make monthly loan payments.

Ways to Receive the Money

  1. Direct Deposit. The most common method is to receive the loan funds via direct deposit into the business bank account provided during the application process. This method ensures quick and secure access to the funds, typically within a few business days after loan approval.

  2. ACH Transfer. Indymae may also facilitate the transfer of funds via Automated Clearing House (ACH) transfer directly to the borrower's bank account. ACH transfers are electronic transactions that allow for seamless and efficient fund disbursement.

  3. Wire Transfer. For expedited fund disbursement, borrowers may choose to receive the loan funds via wire transfer. Wire transfers allow for same-day or next-day delivery of funds, making it an ideal option for businesses with urgent funding needs.


  1. SBA Loans (from $30,000 to $500,000). Indymae specializes in Small Business Administration (SBA) loans, providing longer terms, lower interest rates, and lower payments.

  2. Business Lines of Credit (up to $750,000). Business lines of credit is a financing program tailored to provide businesses with access to a revolving credit facility that can be drawn upon as needed.

Other Loans

Reasons for Getting Rejected for an Indymae Loan

  1. Creditworthiness. One of the primary factors considered by lenders is the creditworthiness of the borrower. Businesses with poor credit history, low credit scores, or a history of missed payments may be deemed too risky for loan approval.

  2. Limited Business History. Indymae may require businesses to have a minimum operating history, typically two years or more, to qualify for a loan. Startups or businesses with limited operating history may be rejected due to a lack of established track record.

  3. Excessive Debt Load. Lenders assess the debt-to-income ratio of a business to evaluate its ability to take on additional debt. Businesses with high levels of existing debt relative to their income may be deemed too overleveraged for loan approval.

  4. Industry Risk. Some industries may be perceived as higher risk by lenders due to factors such as market volatility, regulatory challenges, or economic uncertainty. Businesses operating in high-risk industries may face increased scrutiny and a higher likelihood of loan rejection.

  5. Non-Compliance with Loan Terms. Businesses that fail to meet the eligibility criteria or comply with the terms and conditions of the loan application process may face rejection. This includes providing false or misleading information during the application process.

How to Repay an Indymae Loan?

  1. Understand Loan Terms. Before repayment begins, borrowers should familiarize themselves with the terms and conditions of their loan agreement. This includes the repayment schedule, interest rate, and any fees associated with the loan.

  2. Set Up Payment Method. Borrowers can set up a payment method that aligns with their preferences and financial situation. Common payment methods include automatic bank withdrawals, online payments through the lender's website, or mailing a check or money order.

  3. Make Timely Payments. Borrowers need to make timely payments according to the repayment schedule outlined in their loan agreement. This helps maintain a positive repayment history and avoids late fees or penalties.

  4. Monitor Account Activity. Borrowers should regularly monitor their loan account activity to ensure that payments are processed correctly and account for any changes in loan status or terms.

  5. Consider Early Repayment. Some borrowers may have the option to repay their loan early, either in part or in full, without incurring prepayment penalties. Early repayment can help save on interest costs and reduce the overall loan term.

  6. Communicate with Lender. If borrowers encounter financial difficulties or anticipate challenges in making loan payments, it's crucial to communicate with the lender promptly. Lenders may offer alternative repayment arrangements or assistance programs to help borrowers manage their obligations.

  7. Review Statements and Notices. Borrowers should review loan statements, account statements, and any notices from the lender carefully to stay informed about their loan status and any changes to the terms or conditions.


OnDeck provides a swift term loan solution tailored for small business proprietors aiming to grow, even with less-than-ideal credit scores. With a maximum loan amount of $250,000 and a minimum credit score requirement of 625, OnDeck's offering is positioned to accommodate businesses seeking expansion opportunities. The estimated APR range of 35.40% to 99.90% reflects the flexibility offered to borrowers with varying credit profiles.

Wells Fargo extends a line of credit known for its competitive rates, particularly appealing to businesses with a minimum of two years in operation. With a maximum loan amount of $150,000 and a minimum credit score requirement of 680, Wells Fargo's offering caters to established businesses seeking financial flexibility. The estimated APR ranging from 10.25% to 18.25% underscores the bank's commitment to providing cost-effective financing options.

Funding Circle presents a financing avenue suitable for well-established businesses focused on expansion or debt refinancing. With a maximum loan amount of $500,000 and a minimum credit score requirement of 660, Funding Circle serves as an attractive option for businesses looking to optimize their financial strategy. The estimated APR range of 15.22% to 45.00% reflects the tailored approach taken by Funding Circle to address the diverse needs of its clientele.

Fora Financial offers a compelling solution for borrowers who may face challenges qualifying for conventional bank financing or burgeoning yet established small businesses in need of prompt funding. With a generous maximum loan amount of $1,500,000 and a minimum credit score requirement of 500, Fora Financial caters to a wide spectrum of borrowers. This aligns with their commitment to providing accessible financing options, particularly evident in their focus on speedy approvals and disbursements.

Loans like Indymae


OnDeck stands out as an excellent choice for short-term business loans, offering the flexibility of borrowing substantial amounts, even for businesses with a minimum credit score. What makes OnDeck particularly attractive is its ability to provide funds swiftly, with same-day approval and disbursement for qualifying applicants. Moreover, OnDeck emphasizes the opportunity to build and strengthen business credit by consistently making on-time payments. The loan terms range from 18 to 24 months, with loan amounts spanning from $5,000 to $250,000. While the starting interest rate is 35.40% for a portion of customers, the accessibility and speed of funding make OnDeck a notable player in the short-term business loan landscape.

Funding Circle

Funding Circle distinguishes itself in the realm of long-term business loans by offering competitive rates, extended repayment terms, and a lack of prepayment penalties. This lending option caters to businesses seeking larger loan amounts, ranging from $25,000 to $500,000, with a reasonable starting interest rate of 11.29%. Beyond financial support, Funding Circle prioritizes efficiency, enabling businesses to access funds in as little as two business days. Notably, Funding Circle also showcases its commitment to diversity by providing funding options specifically tailored for women-owned businesses and minority entrepreneurs. The loan terms extend from 6 to 84 months, making Funding Circle a favorable choice for businesses with a more extended financial horizon.


Credibly positions itself as a reliable source for working capital loans, particularly for businesses requiring quick funding to address immediate operational needs like payroll or inventory expenses. Notably, Credibly's working capital loans boast a rapid approval process, often providing funds in less than 24 hours. The lender exhibits flexibility by considering applicants with a minimum credit score of 500 and a willingness to look beyond a less-than-perfect credit history, provided there is a healthy annual revenue. Beyond working capital loans, Credibly collaborates with a network of lenders to offer a diverse range of financing options, including merchant cash advances, business lines of credit, equipment financing, SBA loans, and invoice factoring.


For startups in need of swift financing, Fundbox presents an appealing option with its business line of credit, offering up to $150,000. What sets Fundbox apart is its relatively lenient eligibility criteria, allowing new companies to qualify after just six months of operation and a minimum annual revenue of $100,000. The business line of credit provides the flexibility to withdraw funds as needed, and businesses only pay interest on the amount utilized. Additionally, Fundbox offers perks such as up to 20% off fees through its Fundbox Plus upgrade. With competitive starting interest rates ranging from 4.66% for 3-month terms to 8.99% for 6-month terms, Fundbox addresses the financial needs of emerging businesses seeking quick and accessible startup loans.

Editorial Opinion

Indymae loans offer a range of financing options tailored to meet the diverse needs of small businesses, providing access to capital for growth and expansion initiatives. With products such as SBA loans, term loans, lines of credit, and equipment financing, Indymae aims to empower businesses with flexible funding solutions. While their streamlined application process and user-friendly platform are commendable, potential borrowers should carefully review the terms and conditions of their loans to ensure alignment with their financial goals and capabilities.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.


At Finanso, we've carried out a comprehensive analysis of over 50 business lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources

  • Indymae Account Review
  • How to Apply for Indymae Loan
  • How to PayOff Indymae Loan
  • Indymae Mobile Apps
  • Indymae Reviews



Who owns Indymae?

Indymae is owned and led by Bill O'Donnell, who serves as the president and founder of the company. With over three decades of experience in the finance industry, O'Donnell brings a wealth of expertise to Indymae's operations. Under his leadership, Indymae collaborates with top-tier lenders to offer a diverse range of financing options tailored to meet the needs of business owners. O'Donnell's extensive background encompasses various financial domains, including investments, business lines of credit, start-ups, and Small Business Administration (SBA) loans, reflecting his deep understanding of the lending landscape and commitment to empowering entrepreneurs with accessible capital solutions.

What credit score do you need for an Indymae loan?

The credit score required for an Indymae loan can vary depending on the specific loan product and the lender's criteria. Generally, borrowers with higher credit scores, typically above 650, have a better chance of qualifying for Indymae loans. However, Indymae offers a range of financing options tailored to different credit profiles, so businesses with varying credit scores may still be eligible for funding, albeit potentially with different terms or rates.

What bank does Indymae use?

Indymae partners with a network of banks and financial institutions to provide financing to small businesses. The specific bank used for a particular loan may vary depending on factors such as the loan type, amount, and borrower's qualifications. By leveraging its extensive network, Indymae connects borrowers with the most suitable lender to meet their financing needs.

Does Indymae approve everyone?

While Indymae strives to provide financing solutions to a wide range of businesses, approval is not guaranteed for every applicant. Lenders evaluate each loan application based on factors such as creditworthiness, financial stability, and business viability. While Indymae's streamlined application process and broad network increase the likelihood of approval for many borrowers, meeting the lender's eligibility criteria remains essential for securing financing.

Is Indymae a legitimate company?

Indymae is a legitimate company that operates within the financial services sector, providing business funding solutions to small businesses. As with any business entity, Indymae's legitimacy is subject to regulatory compliance and adherence to industry standards. The company's track record, including its partnerships with reputable lenders and positive ratings on platforms such as the Better Business Bureau (BBB), contributes to its credibility. However, individuals considering engaging with Indymae should conduct their own research and due diligence to ensure alignment with their financial needs and objectives.

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