Backd Business Finance

Backd Business Finance: financing and payment solutions for small businesses

Backd Business Finance, operating under the legal name Austin Business Finance, LLC, presents itself as a platform of financial products for small businesses. Its offering combines working capital with B2B payment tools, with the stated goal of fueling growth, increasing profitability, and strengthening its clients' cash flow.

Working capital: line of credit and term loan

The company structures its capital offering into two main products. The revolving line of credit is designed to offer flexibility, with funds available to draw at any time, amounts ranging from $50,000 to $1 million, and terms adaptable to each business's needs. According to published information, the initial inquiry does not affect the applicant's credit score.

The term loan, meanwhile, is aimed at accessing working capital through a simple process. Available amounts range from $50,000 to $1.5 million, with terms up to 24 months and automatic daily, weekly, or semi-monthly payments. The company also mentions that access to capital can be achieved within 24 hours, though it clarifies that decisions and disbursement may require additional time and are not necessarily same-day.

B2B payment solutions: Net Terms, BNPL, and embedded finance

Backd Payments groups the payment solutions for businesses. The Net Terms offering allows merchants to offer payment terms to their customers, either alongside or in place of their own terms, with options of Net 15, 30, 45, 60, and 90 days. B2B BNPL offers financing for purchases in any channel, with payment options up to 24 months and flexible terms to suit any buyer's needs. The company also offers embedded finance so that businesses can offer financing to their business customers without leaving their own webpage, through a direct capital infusion.

Track record and reach

The company reports a track record of $1 billion in financial backing approved to small businesses, over 10,000 businesses that have worked with Backd to obtain the funding they need, and over 100,000 payment transactions facilitated for merchants and buyers. These data correspond to information published by the company itself.

Awards and compliance

Backd states it has been included in LinkedIn's Top Start-Ups Austin 2024 list, in the Inc 5000 ranking of fastest-growing companies in the US, in the 2025 Bankrate Awards as Best Lender for Short-Term Loans, and among the Top Places to Work in Austin. It also indicates that it is SOC 2 compliant, with systems and controls independently audited under the American Institute of Certified Public Accountants (AICPA) Trust Services Criteria for security, availability, and confidentiality of data.

Structure and origin of financing

Business term loans are originated by FinWise Bank, a Utah-chartered bank and Member FDIC, and are serviced by Backd. The company operates under the legal name Austin Business Finance, LLC, headquartered in Austin, Texas.

Location and contact

1949 S I-35 Frontage Rd, Austin, Texas 78741, USA