We receive advertising fees from the brands we review that affect the ranking and scoring of such brands.
Advertiser Disclosure
Stenn Logo

Stenn Reviews

9

bestfor-icon Accelerating E-Commerce and SaaS Growth

mattlevy
Written by Matthew Levy

About Stenn | Read More

9

LS Score

10

Credibility

8

Support

9

Accessibility

View Rates
Opening Hours Opening Hours drop-down-btn
Mon-Fri 9:00 AM - 5:30 PM
Sat-Sun Closed
Contact Information Contact Information drop-down-btn
  • welcome@stenn.com
  • +44 (0)20 3735 9080
  • 12th floor, The Bower 207-211 Old Street London EC1V 9NR, United Kingdom
Social Media Social Media drop-down-btn
facebook-icon twitter-icon linkedin-icon

Stenn Business Loans Review

Stenn’s business loan services are designed specifically to cater to the dynamic needs of e-commerce and SaaS companies, providing flexible financing options like invoice financing and revenue-based financing. These products are tailor-made to support businesses in managing cash flow and accelerating growth through quick access to capital based on sales and outstanding invoices.

Stenn Business Loans Highlight

Min 7.9%

APR. Fixed Rate

7.9-11.4%

APR. Variable Rate

$10K-$20M

Loan Amount

Up to 120 Days

Repayment terms

Yes

Soft Credit Pull

Direct

Lender Type

From 0.7% per invoice or 9% fixed per transaction

Other Fees

None

Origination Fee

None

Prepayment Fee

48 Hours

Funding Time

$192K

Annual Revenue

12+ Months

Time in Business

Pros & Cons

drop-down-btn
  • con-icon Access to large financing amounts up to $20 million.
  • con-icon Quick funding within 48 hours, ideal for urgent cash flow needs.
  • con-icon No collateral required, using invoices as the basis for funding.
  • con-icon Flexible repayment terms aligned with company revenue patterns.
  • con-icon Requires a minimum business operational period which might exclude newer startups.
  • con-icon Focused primarily on e-commerce and SaaS, limiting options for other sectors.
  • con-icon Relatively high minimum monthly revenue requirement.
  • con-icon Limited operational hours may affect businesses needing round-the-clock support

Business Loan Types

drop-down-btn
  • Working Capital Loans
  • Invoice Financing
  • Invoice Factoring
Visit Site

Stenn Business Loans Terms & Requirements

Stenn offers specialized financing solutions like invoice-based financing for immediate cash flow needs and revenue-based financing to support ongoing growth. These services are especially beneficial for e-commerce and SaaS businesses looking to expand without heavy upfront investment. The terms provided are competitive within the market, especially considering the flexibility and speed of access to funds.

How to Apply

Apply easily for an E-commerce loan, SaaS lending, or invoice and revenue-based financing by following these simple steps:

Step 1 - Apply for Finance
Step 1

Step 1 - Apply for Finance

Step 2 - Select Finance Option
Step 2

Step 2 - Select Finance Option

Step 3 - Sign Up and Enter Info
Step 3

Step 3 - Sign Up and Enter Info

  1. The fastest way to start is to hit the Apply for Finance button at the top right of the home page.
  2. The next step is to choose which type of loan you will be applying for. We will go through the Revenue-Based Financing Option.
  3. At this stage, you will be asked to sign up and complete the process. They will ask for invoices, transport documents, and other relevant information. They will also need standard business details like your buyer’s contact information (for factor loans), location, and your banking details. The whole process takes about 5-10 minutes, but the good news is, you can contact them at any time for help or even chat with a live representative.
  4. After filling in the information about your business, connecting your e-commerce marketing and banking accounts to Stenn (Amazon, Woo, Stripe, or other), getting the limit offered by Stenn and confirming the amount you would like to use, you will be able to get funded.
    From their website, “Repayments are done through weekly payments within the period of funding. The size of payment is calculated every week, based on your sales performance (no sales – no payments). As soon as you close the current draw – you are eligible for the new financing. Typical draws are repaid within 6 months with stable revenues.”

Qualification Requirements

Requirement Details
Credit score & credit history Good standing credit score, though detailed criteria are flexible.
Minimum age of business Business must be operational for at least 12 months.
Minimum annual revenue Have at least $16,000 in monthly annual revenue for the Revenue Based Financing (RBF)
Minimum age of borrower In general, age of majority (18+)
Citizenship/residency Located in the US
Other Requirements

For the RBF agreement you need to:

  1. Be an eCommerce or SaaS business.
  2. Have been in business for at least 12 months.
  3. Have at least $16,000 in online monthly revenue.
  4. Located in the US

Required Information

General Information needed:

  • Provide business information online.
  • Submit basic documents such as business tax ID, proof of identity, and bank statements.
  • Details about the invoice or sales volume for revenue-based financing.

For the Invoice Financing:

  • You will need an invoice, purchase order/sales agreement, packing list, transportation documents and any other certificates that may apply.

Additional Information:

  • Both processes will need you to connect with a sales rep, provide all information, and submit for approval. The entire process can be done online.

Application Steps & Time Frames

  1. Online application submission with required documents.
  2. Preliminary approval within 24 hours.
  3. Funding processed within 48 hours after final document signing.

The process is straightforward compared to traditional lenders, emphasizing speed and minimal paperwork.

State Availability

- Available in all states

mattlevy
Written by Matthew Levy

Matthew is a freelance financial copywriter with 14+ years in financial services. He holds a Bachelor of Science degree in Economics with business and finance options and is a CFA Charterholder. He is from Vancouver, Canada, but writes from all over the world.

faq-icon

FAQ’s

What types of financing does Stenn offer?

Stenn specializes in invoice financing and revenue-based financing, providing immediate funds up to $10 million to enhance business liquidity quickly.

How fast can I receive financing from Stenn?

You can receive financing from Stenn within 48 hours after submitting your invoices and completing a simple online approval process.

Is my business eligible for Stenn's financing?

If your business operates in the e-commerce or SaaS sectors and has been active for at least 12 months, it may be eligible for Stenn's financing solutions, subject to certain credit evaluations.

Customer Support

Engaging with Stenn’s customer support provided a highly positive experience, reflecting the efficiency and client-focused approach that Stenn is known for. Their support team is accessible during standard working hours, ensuring prompt and effective responses to inquiries. While there is no formal call-back option, their direct call system connects you quickly to a representative, minimizing wait times and bypassing the need for callbacks.

Stenn utilizes a hybrid customer support model that effectively combines automated and human elements. Initially, inquiries can be handled by a sophisticated chatbot that provides answers to common questions and navigates through various resources. For more complex queries or when preferred by the user, transitioning from the chatbot to a live agent is seamless. This ensures that clients always have access to a human representative when needed.

The support team at Stenn is notably helpful, demonstrating a thorough understanding of their products and the specific needs of e-commerce and SaaS businesses. They are reputed for their quick funding processes and the ability to address client concerns effectively, backed by significant financial institutions like HSBC. This support structure enhances client trust and underscores Stenn’s capacity to resolve issues swiftly, fostering a strong, reliable, and client-centered support environment.

Privacy & Security

Stenn prioritizes the security and privacy of its clients with stringent measures that comply with international standards. Known for its reliable financial services, Stenn has established a system to safeguard sensitive information, reflecting its commitment through transparent privacy policies and rigorous data protection practices. As a direct financier rather than a marketplace, Stenn manages all client interactions and data, ensuring comprehensive control over privacy and security without relying on third-party brands. There is a thorough breakdown of how they handle user content and financial data outlined in their terms of use.

In Conclusion

Stenn has carved a niche in effective financing solutions tailored to the e-commerce and SaaS industries. Their innovative approach in offering immediate access to funds through invoice financing and revenue-based financing sets them apart. While their services revolutionize how companies manage cash flow, the digital-first approach requires clients to be knowledgeable with technology, but this is quite common in their target markets. Stenn’s business is distinctly positive, helping businesses to thrive in competitive markets.

Brand Disclaimer

STENN TERMS OF USE

Welcome, and thank you for your interest in Stenn International Ltd (if you are not located or based in the United States) and Stenn Assets USA Inc (if you are located or based in the United States) (each, respectively, “Stenn,” “we,” “our” or “us”) and our website at www.stenn.com along with our related websites, web applications, and any content, tools, features and functionality offered on or through such websites or applications (collectively, the “Service”). For purposes of these Terms of Use, “you” and “your” means you as the user of the Service on behalf of a legal entity. “You” and “your” include you and the entity on whose behalf you use the Service. These Terms of Use are a legally binding contract between you and Stenn regarding your use of the Service.

Disclaimers; No warranties

‍The Service and all Materials and content available through the Service are provided “as is” and on an “as available” basis. Stenn disclaims all warranties of any kind, whether express or implied, relating to the Service and all Materials and content (including User Content) available through the Service, including: (a) any implied warranty of merchantability, fitness for a particular purpose, title, quiet enjoyment, or non-infringement; and (b) any warranty arising out of course of dealing, usage, or trade. Stenn does not warrant that the Service or any portion of the Service, or any Materials or content offered through the Service, will be uninterrupted, secure, or free of errors, viruses, or other harmful components, and Stenn does not warrant that any of those issues will be corrected.
No advice or information, whether oral or written, obtained by you from the Service or Stenn Entities or any Materials or content available through the Service will create any warranty regarding any of the Stenn Entities, or the Service that is not expressly stated in these Terms. We are not responsible for any damage that may result from the Service and your dealing with any other Service user. You understand and agree that you use any portion of the Service at your own discretion and risk, and that we are not responsible for any damage to your property (including your computer system or mobile device used in connection with the Service) or any loss of data, including User Content and Financial Data.
The limitations, exclusions, and disclaimers in this Section 14 apply to the fullest extent permitted by law. Stenn does not disclaim any warranty or other right that Stenn is prohibited from disclaiming under applicable law.

Limitation of liability

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE STENN ENTITIES BE LIABLE TO YOU FOR ANY LOSS OF PROFITS, GOODWILL, OR ANY OTHER INTANGIBLE LOSS OR FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF OR RELATING TO YOUR ACCESS TO OR USE OF, OR YOUR INABILITY TO ACCESS OR USE, THE SERVICE OR ANY MATERIALS OR CONTENT ON THE SERVICE, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), STATUTE, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT ANY STENN ENTITY HAS BEEN INFORMED OF THE POSSIBILITY OF DAMAGE.

TO THE FULLEST EXTENT PERMITTED BY LAW, THE AGGREGATE LIABILITY OF THE STENN ENTITIES TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THE USE OF OR ANY INABILITY TO USE ANY PORTION OF THE SERVICE OR OTHERWISE UNDER THESE TERMS, WHETHER IN CONTRACT, TORT, OR OTHERWISE, IS LIMITED TO THE GREATER OF: (A) THE AMOUNT YOU HAVE PAID TO STENN FOR ACCESS TO AND USE OF THE SERVICE IN THE 12 MONTHS PRIOR TO THE EVENT OR CIRCUMSTANCE GIVING RISE TO CLAIM OR (B) U.S. $100.

Nothing in these Terms will exclude, limit or restrict either party’s liability for (a) death or personal injury resulting from the negligence of that party or its officers, agents, employees or sub-contractors; (b) fraud or fraudulent misrepresentation, or (c) any other matter in respect of which liability cannot by applicable law be limited.
Each provision of these Terms that provides for a limitation of liability, disclaimer of warranties, or exclusion of damages is intended to and does allocate the risks between the parties under these Terms. This allocation is an essential element of the basis of the bargain between the parties. Each of these provisions is severable and independent of all other provisions of these Terms. The limitations in this Section 15 will apply even if any limited remedy fails its essential purpose.