Whether it’s to help with cash flow, pay for new equipment, or fund some other business-related expenses, business loans are designed to provide financial assistance for businesses as needed. Similar to other loan types, such as personal loans, business loans involve creating debt and then repaying it with interest.
Luckily, finding the right financing for your business’s needs has never been easier. The scope for borrowing has extended far beyond traditional banks to include a wealth of online lenders—providing businesses with a wider range of business loan options and, in some cases, looser requirements and more flexible terms.
Best Business loansHere are our favorite online business loans:
BlueVine is an online lending company that specializes in delivering quick access to capital for small businesses nation-wide.
- Time in Business: 6+ months
- Monthly Revenue: $10,000
- Min Credit Score: 600
- Loan range: $5K-5M
Established in 2008, Reliant Funding has reportedly worked with over 10,000 businesses and have provided more than a billion dollars in funding.
- Time in Business: 12+ months
- Monthly Revenue: $10,000
- Min Credit Score: none
- Loan range: $5K-5M
Kabbage® offers access to fast, straightforward, and flexible small business loan funding.
- Time in Business: 12+ months
- Monthly Revenue: $4,200
- Min Credit Score: 300
- Loan range: $1K-500K
Lendio provides a platform for business financing in which they match borrowers with their large network of over 75 high-quality leading lenders.
- Time in Business: 12+ months
- Monthly Revenue: $20,000
- Min Credit Score: 580
- Loan range: $1K-5M
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