Banks won't lend? Use these guys instead

• Financing type: Term loans

What it is: OnDeck offers loans of up to $250,000 for established small business owners for terms of up to two years (though the average is one year).

Who it's best for: Businesses with a minimum annual revenue of $100,000 that have been in business for at least a year and have a minimum credit score of 500. The vast majority of customers (95%) have a separate business location outside their home. According to Noah Breslow, CEO of OnDeck, businesses use their funds to grow their company -- whether that's buying assets, remodeling, expanding or opening a new business.

Potential pitfalls: Evaluate the total cost of the loan -- including the annualized interest rate. OnDeck interest rates are presented as between .17 cents and .33 cents on every dollar -- but what does that mean when considering the overall loan amount? Calculate it.

Financing amounts: $5,000 to $250,000

Interest & fees: $.17 to $.33 on every dollar plus origination fee (2%-2.5% of the loan amount)

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