Select Funding

Select Funding is a privately held California direct lender, founded in 2010, providing small business financing, equipment financing, working capital loans, and lines of credit up to $1M to U.S. SMBs across multiple industry verticals.

Company typePrivate
Founded2010
HeadquartersCalabasas, United States
Headcount101–250
GTM typeB2B
OfferingServices

What Select Funding does

Select Funding, LLC is a privately held, California-based direct lender founded in 2010 that provides small business financing, equipment financing, working capital loans, and business lines of credit to U.S. small businesses. Maximum financing amounts are up to $1 million for business and equipment loans and up to $250,000 for working capital, with terms ranging from 6-18 months for business financing (daily ACH repayment) and up to 5 years for equipment financing (monthly repayment). The company targets SMBs across at least seven verticals — construction, electricians, HVAC & plumbing, restaurants & bars, auto repair, beauty & wellness, and trucking — and operates from a single headquarters in Westlake Village, California with 101-250 employees.

The platform combines a self-serve online application portal with phone-based funding advisors (866-264-7007) and uses automated evaluation technology to deliver funding decisions within hours and disbursement within 24-72 hours. Underwriting criteria are accessible relative to banks: FICO 500+, $10,000+ in monthly deposits, 6+ months in business, and three months of bank statements. The company holds BBB accreditation, employs SSL-encrypted data transmission for application security, and supports a multi-channel marketing presence including a content blog and four major social platforms.

The business model is a direct-lending origination model: revenue is generated from interest and fees on originated loans, with no disclosed broker or intermediary channel. The company is privately held with no announced VC or PE funding rounds, no parent company, no subsidiaries, and no disclosed management team, ownership structure, or financial metrics. All operations are domestic (United States), with no international expansion signaled.

Select Funding firmographics

Firmographics

Name: Select Funding
Legal name: Select Funding, LLC
Website: https://selectfunding.com
Company type: Private
Founded year: 2010
Operating status: Operating
Headcount range: 101–250 employees
Short description: Select Funding is a privately held California direct lender, founded in 2010, providing small business financing, equipment financing, working capital loans, and lines of credit up to $1M to U.S. SMBs across multiple industry verticals.
Ownership category
akta.pro rank

Select Funding industry classification

Industry

Product category: Small Business Lending
NAICS: Other Nondepository Credit Intermediation (52229), Nondepository Credit Intermediation (5222), Sales Financing (52222)
SIC: Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159), Finance Lessors (6172)
akta.pro primary industry: SME Term Loans & Growth Capital (FSAKAGAB)

Keywords

Small business lending
Equipment financing
Working capital loans
Business line of credit
Alternative business financing

Where Select Funding is headquartered

Location

Headquarters

HQ city: Calabasas
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Select Funding business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

Small Business Financing: Business financing up to $1M for growth plans, bridging accounts receivable gaps, and general business needs. Terms range from 6 to 18 months with daily ACH payments.
Equipment Financing: Financing for purchasing or leasing equipment with longer loan terms up to 5 years and flexible payments. Monthly payments via ACH or check.
Working Capital Loans: Short-term capital financing with no collateral required, used for inventory purchases, hiring staff, bill payment, and cash flow management.

Pricing tiers

Model	Billing	Price
One time/ perpetual license	Pay-as-you-go	Small Business Financing
One time/ perpetual license	Monthly	Equipment Financing
One time/ perpetual license	Pay-as-you-go	Working Capital Loans

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Select Funding product offering

Product offering

Core offering

Select Funding is a direct small business lender providing short-term business financing (up to $250,000 in working capital within one business day), equipment financing (purchase or lease with terms up to 5 years), working capital loans (no collateral required), and a business line of credit. Loans are underwritten in-house via an automated evaluation engine and delivered directly to small business borrowers through an online application portal and phone-based funding advisors.

Product overview

Select Funding is a business financing company offering a unified lending platform with three core products: Small Business Financing (up to $250,000 in working capital within 24 hours), Equipment Financing (for purchasing or leasing equipment with flexible terms up to 5 years), and Working Capital Loans (short-term capital without collateral). The company also offers Business Lines of Credit. Select Funding serves multiple industries including Construction, Electricians, HVAC & Plumbing, Restaurants & Bars, Auto Repair, Beauty & Wellness, and Trucking. The platform operates through an online application portal with automated evaluation technology.

Differentiator

Problem solved

Functional benefit

Products and services

Small Business Financing Short-term business financing offering up to $250,000 in working capital with approval and funding typically within one business day. No collateral is required, and terms range from 6 to 18 months with daily ACH payments. Designed for small business owners addressing growth plans or bridging accounts receivable gaps.
Equipment Financing Financing for purchasing or leasing equipment with longer loan terms up to 5 years and flexible monthly payments via ACH or check. The financed equipment itself serves as collateral, and funding is typically delivered within three business days of approval.
Working Capital Loans Short-term capital financing with no collateral required, used by small businesses to purchase inventory, hire staff, pay bills, or manage cash flow gaps.
Business Line of Credit Flexible revolving credit line allowing small businesses to borrow up to a specified amount and pay interest only on the amount drawn, rather than on the full credit limit.

Quantifiable outcome

Funding available within 24 hours for working capital
+3 more outcomes

Companies that use Select Funding

Customer profile

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Select Funding technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Select Funding partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Select Funding competitors and assessment

Company assessment

Direct peers

BlueVine: BlueVine provides small business lines of credit, term loans, and invoice factoring with fast online underwriting. It is a direct competitor to Select Funding's small business financing and working capital products, serving similar SMB customers with similar speed-of-funding value propositions.
OnDeck Capital: OnDeck (now part of Enova) originates short-term term loans and lines of credit to small businesses using automated underwriting. Its product set, customer profile, and speed-based value proposition closely mirror Select Funding's small business financing offerings.
Kabbage (American Express): Kabbage, now integrated into American Express Business Blueprint, provides working capital and lines of credit to SMBs through automated underwriting. It directly competes with Select Funding's working capital loan and small business financing products for the same underserved borrower segment.
Lendio: Lendio operates an SMB loan marketplace connecting borrowers to multiple lenders, including short-term working capital and equipment financing products overlapping with Select Funding's offering. Although structured as a marketplace, it competes for the same customer acquisition channels.
Fundbox: Fundbox provides small business lines of credit and short-term working capital advances targeted at SMBs with revenue-based underwriting. Its product profile and borrower targeting are highly comparable to Select Funding's working capital loan and small business financing.
National Funding: National Funding offers small business loans, equipment financing, and working capital to SMBs across multiple verticals, with a similar direct-lender model and rapid funding positioning. It is a close comparable in product mix, customer base, and channel strategy to Select Funding.
Credibly: Credibly provides working capital loans, term loans, and lines of credit to small businesses using automated underwriting and speed-of-funding as core selling points. Its product set and target customer closely parallel Select Funding's SMB financing offerings.
Rapid Finance: Rapid Finance delivers small business working capital advances and term loans to SMBs with an emphasis on rapid approval and funding. It directly competes with Select Funding for the same underserved, speed-sensitive small business borrower.
Fora Financial: Fora Financial provides working capital advances and small business loans to SMBs across verticals including restaurants, retail, and services. Its product mix and borrower profile substantially overlap with Select Funding's core offerings.

Broad incumbents

Biz2Credit: Biz2Credit operates a small business lending marketplace and direct lending programs covering term loans, lines of credit, and SBA-related products. It is a broader incumbent in SMB lending with overlapping products and customer base to Select Funding.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Select Funding financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Select Funding leadership team

Management profile

Number of profiles

Select Funding funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Select Funding M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Select Funding

What does Select Funding do?

Is Select Funding a public or private company?

Select Funding is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Select Funding founded?

Select Funding was founded in 2010. It employs 101 to 250 people.

Where is Select Funding based?

Select Funding is headquartered in Calabasas, United States, in the North America region.

How does Select Funding make money?

Three revenue lines are on record. Small Business Financing is the primary driver. The others are equipment Financing and working Capital Loans.

Who are Select Funding's main competitors?

Direct peers on record are BlueVine, OnDeck Capital, Kabbage (American Express), Lendio, Fundbox, National Funding, Credibly, Rapid Finance and Fora Financial. Biz2Credit is listed as a broad incumbent.

Does Select Funding have an API?

No public API is recorded for Select Funding.

What industry is Select Funding in?

Select Funding's product category is Small Business Lending. Its primary akta.pro industry code is FSAKAGAB, SME Term Loans & Growth Capital. Its NAICS code is 52229 and its SIC code is 6153.