Diamond Business Loans in Beverly Hills, CA

4.4/5

Diamond Business Loans is a Los Angeles-based private commercial lender offering SBA loans, merchant cash advances, equipment financing, and lines of credit up to $250,000 to small businesses.

Data compiled from public sources · Rating from CreditDoc methodology

Visit Website

Diamond Business Loans Review

Diamond Business Loans is a Los Angeles-based private commercial lender and structured finance company that has been operating since at least 2015, when they began tracking their funding volume. They hold a California Department of Business Oversight Financing Law License (60DBO-45531) and maintain an A+ rating with the Better Business Bureau. The company positions itself as a one-stop shop for business financing across multiple loan types and business stages.

The company offers a comprehensive suite of business financing products including SBA loans (with Preferred Financial Services designation for faster processing), small business loans, equipment leasing and financing, merchant cash advances, lines of credit up to $250,000, accounts receivable financing, real estate financing, startup business financing, business acquisition financing, and debt restructuring services. Their line of credit program launched in 2024 and features 12 monthly or 26 weekly payment options with no prepayment penalties. They advertise $726+ million in total fundings since 2015.

Diamond Business Loans distinguishes itself through its Preferred Financial Services designation from SBA lenders, claiming faster loan processing than competitors. They emphasize personalized service with named loan officers (Christian, David, Ralph, etc.) featured in customer testimonials. The company highlights flexible repayment terms, including weekly payment options for merchant cash advances, and debt restructuring services that convert daily payment loans to monthly or weekly schedules while lowering rates. Their startup financing requires only credit-based qualification with no income documentation or prior operator experience required.

Based on available website information, the company appears legitimate with proper licensing and documented customer reviews on multiple platforms (Yelp, Facebook, Mopro). However, prospective borrowers should note that specific APR ranges, qualification requirements, and funding timelines are not disclosed on the website. The company's merchant cash advance product, while flexible, typically carries higher costs than traditional loans. Customers should contact them directly for detailed terms and compare rates with other SBA-approved lenders before committing.

Services & Features

Accounts Receivable Financing/Factoring

Business Acquisition Financing

Debt Restructuring and Refinancing

Equipment Leasing and Financing

Lines of Credit (up to $250,000)

Merchant Cash Advance

Real Estate Financing

SBA Loans

Small Business Loans

Startup Business Financing

Working Capital Loans

Feature Checklist

Mobile App

Online Portal

Score Tracking

Credit Education

Personal Advisor

Identity Theft Protection

Pros & Cons

Pros

A+ BBB rating with 5-star Yelp and Facebook reviews demonstrating strong customer satisfaction
SBA Preferred Financial Services designation claims faster loan processing than typical SBA lenders
Lines of credit up to $250,000 with flexible payment options (12 monthly or 26 weekly payments) and no prepayment fees
Diverse product suite including startup financing with no income documentation required, appealing to newer businesses
$726+ million in cumulative fundings since 2015 demonstrates substantial lending track record
Debt restructuring services convert daily payment loans to monthly/weekly options while claiming to lower rates
California Department of Business Oversight licensed (60DBO-45531) providing regulatory legitimacy

Cons

Website does not disclose APR ranges, origination fees, or specific cost comparisons for any loan products
Merchant cash advance product details are vague; this product type typically carries significantly higher effective interest rates than traditional loans
No information provided about minimum credit scores, revenue requirements, or time-in-business eligibility thresholds
Funding timelines not specified for any product despite 'swift' claims for merchant cash advances
Limited transparency on qualification criteria for startup financing despite claiming 'no income documentation required'

Rating Breakdown

Value

5.0

Effectiveness

4.7

Customer Service

3.9

Transparency

3.5

Ease of Use

4.5

Frequently Asked Questions

Is Diamond Business Loans legitimate?

Yes. Diamond Business Loans is a registered company, headquartered in Beverly Hills, CA.

How long does Diamond Business Loans take to show results?

Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.

Quick Facts

Headquarters: Beverly Hills, CA
BBB Accredited: No
Starting Price: Contact provider
Setup Fee: None
Money-Back Guarantee: No

Visit Diamond Business Loans

+1 424-320-3800 325 N Maple Dr #17777, Beverly Hills, CA 90209

CreditDoc Diagnosis

Doctor's Verdict on Diamond Business Loans

Diamond Business Loans is best for small business owners and startups seeking multiple financing options from a single lender, particularly those interested in SBA loans or equipment financing. The main caveat is that the website lacks transparent pricing information (APR, fees, funding timelines), so customers must call (888-620-3800) or email (info@diamondbl.com) to obtain actual loan terms before committing.

Best For

Small business owners seeking SBA loans who want faster processing through a Preferred Financial Services lender
Established businesses needing flexible working capital solutions like lines of credit or equipment financing
Startups with limited operating history but established personal credit seeking business funding without income documentation
Businesses with daily sales looking for merchant cash advance solutions with flexible repayment structures

Updated 2026-04-29

Similar Companies

National Funding

National Funding is a San Diego-based direct lender founded in 1999 that has provided over $4.5 billion to 75,000+ businesses, offering small business loans up to $500K and equipment financing up to $150K with 24-hour funding and no collateral required.

3.8/5

Free BBB: NR

Best for: Established small businesses needing fast $5K-$500K working capital without pledging collateral or facing prepayment penalties, Industry-specific businesses (construction, trucking, agriculture, medical) seeking equipment financing up to $150K with no down payment

View Details

RNC Mortgage B Lenders for Construction & Land

Unable to verify. Website returns 403 Forbidden error, preventing access to company information, services, or legitimate business details.

4.4/5

Contact BBB: NR

Best for: Consumers in Indianapolis, Indiana looking for personal lending services, People who prefer working with a local personal lending provider

View Details

TitleMax

TitleMax offers title-secured loans up to $4,000 with same-day approval in Memphis and across Tennessee, allowing borrowers to keep driving their vehicle while repaying.

2.8/5

Contact BBB: NR

Best for: Vehicle owners facing sudden cash emergencies who need funds within hours or same-day, Borrowers with poor or fair credit who cannot qualify for traditional personal loans or lines of credit

View Details

Financial Wellness Guides

How to Read Your Credit Report (And Spot Errors)

Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.

Read guide →

Buy Now, Pay Later: How BNPL Really Affects Your Credit

Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.

Read guide →

Understanding Your Credit Score: The Complete Guide

Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.

Read guide →

Financial Terms Explained (7 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.

Why it matters

Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.

Example

You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.

Interest Rate

The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.

Why it matters

Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.

Example

On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.

How Loans Work

Cosigner — Loan Cosigner

A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.

Why it matters

Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.

Example

A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.

Loan Term (Tenor) — Loan Term / Tenor

How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.

Why it matters

Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.

Example

Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.

Origination Fee — Loan Origination Fee

A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.

Why it matters

Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.

Example

You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.

Principal — Loan Principal

The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.

Why it matters

Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.

Example

You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.

Underwriting — Loan Underwriting

The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.

Why it matters

Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.

Example

You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.

Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.

Affiliate Disclosure: CreditDoc may earn a commission when you click links to Diamond Business Loans and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.