Backd
Online small-business finance company based in Austin
At a glance
Founded 2018
Headquarters Austin, Texas
Operates in United States
Ownership Private; operating entity Austin Business Finance, LLC, with a credit facility from Fortress Investment Group
Funding range Line of credit $50,000 to $1,000,000; term loan $50,000 to $2,000,000
Repayment Fixed-term instalments or a revolving line, with automatic daily, weekly or semi-monthly payments
Security Unsecured, no collateral required
Industries Broad small business, plus B2B companies offering terms to their own customers
Capital deployed $1B+ approved across 10,000+ businesses
Leadership Xan Myburgh (CEO and Co-Founder)
Website backd.com
Top products
Best suited for established US small businesses above $100,000 revenue needing fast working capital, and B2B companies wanting to offer net terms.
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About Backd
Backd is an Austin-based online small-business finance company (legally Austin Business Finance, LLC, and formerly known as GetBackd). It provides working capital and financing to businesses across the United States, with funding originated through its partner FinWise Bank.
Mission
Empower entrepreneurs with adaptive financial resources to overcome hurdles and grow.
By the numbers
- Named to the Inc. 5000 and recognized as a LinkedIn Top Startup in Austin (2024)
- Recognized in the 2025 Bankrate Awards as Best Lender for Short-Term Loans
- SOC 2 compliant
Company history
Backd operates as an independent, privately held company and has grown its recognition in the US small-business finance market since its founding.
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Levr is software for brokering business loans. This profile is provided as general reference and does not imply a partnership, affiliation, or endorsement between Levr.ai and Backd. Company details change; confirm anything important directly with the company. Last reviewed July 2026.