Diamond Business Loans logo

Diamond Business Loans in Beverly Hills, CA

4.7/5
Google rating from 22 reviews

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 · Google rating shown when a stored review count is available

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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'

State Consumer Finance Context

This is state-level context for Business Loans consumers in Beverly Hills, CA. It does not confirm that Diamond Business Loans or this specific location is licensed.

State regulator

California Department of Financial Protection and Innovation (DFPI)

Consumer protection

California Attorney General Consumer Protection

Personal loan rules in California

Status: Permitted

Rate context: 10% APR for unlicensed lenders; licensed finance lenders can exceed usury cap for loans under $10,000; AB 539 (2020) caps APR at 36% plus federal funds rate for loans $2,500-$10,000

California Constitution Article XV sets 10% usury cap for general consumer loans. Licensed finance lenders under the California Financing Law (Cal. Fin. Code § 22000 et seq.) can charge rates above the constitutional usury limit for certain loan amounts.

Installment loan rules in California

Status: Permitted

Rate context: Governed by California Financing Law. Licensed lenders can exceed usury cap for loans under $10,000. AB 539 caps APR at 36% plus federal funds rate for loans $2,500-$10,000.

Installment loans regulated under Cal. Fin. Code § 22000 et seq. Installment Loan Law requires disclosure of finance charge, APR, payment schedule, and other terms. DFPI oversees licensing and enforcement.

Key state rules to check

  • Payday loans capped at $300 with maximum fee of $15 per $100 (459% APR equivalent).
  • The California Consumer Financial Protection Law grants DFPI broad enforcement authority.
  • Licensed finance lenders under the California Financing Law can charge rates above usury for loans under $10,000.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Diamond Business Loans offer?

Diamond Business Loans offers 11 services including SBA Loans, Small Business Loans, Lines of Credit (up to $250,000), Merchant Cash Advance, Equipment Leasing and Financing, and 6 more.

What profile signals are listed for Diamond Business Loans?

Diamond Business Loans has profile signals associated with 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.

What are the strengths and weaknesses of Diamond Business Loans?

Key strengths: 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. Areas to consider: 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.

How does Diamond Business Loans compare to similar companies?

In the Business Loans category, comparable providers include National Funding, RNC Mortgage B Lenders for Construction & Land, TitleMax. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
Beverly Hills, CA
BBB Accredited
No
Visit Diamond Business Loans

CreditDoc Profile Note

Research Note on Diamond Business Loans

Diamond Business Loans is profile signals 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 listed 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.

Profile Signals

  • 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 logo

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.

4.5/5

Google rating from 485 reviews

BBB: NR

Profile signals: 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

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RNC Mortgage B Lenders for Construction & Land logo

RNC Mortgage B Lenders for Construction & Land

Review this provider profile and compare source-linked details before choosing what to do next.

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TitleMax logo

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

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Profile signals: Vehicle owners facing sudden cash emergencies who need funds within hours or same-day, Borrowers with poor or fair credit who may not meet traditional personal-loan criteria or lines of credit

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Quick Summary

  • Diamond Business Loans is listed as a Business Loans provider in Beverly Hills, CA on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What You Qualify For at Every Credit Score Range (2026) Learn the basics Start the free Credit Fundamentals course.

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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 are required to 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 lower-cost 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 one route 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.

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