Last update: January 2025
Compare lending options and get funded fast
Designed for small businesses and entrepreneurs
View Rates
Fast, flexible financing for cash flow or growth funding
Quick approval for a business line of credit
View Rates
Filters
Clear
Key Facts
Pros
Multiple financing options designed to help businesses grow and succeed
Convenient shop and comparison tool
Free service
Matched with experienced Funding Advisor who helps every step of the way
Cons
Loan terms and conditions not disclosed until after completing an application
Once deciding upon a product, you’ll work with the lender instead of Fundera
Potentially high interest rates and eligibility requirements
Key Facts
Pros
Multiple business financing options available, ranging from small business loans to commercial real estate loans to lines of credit
Streamlined, intuitive application process with lender comparison option
Time to funding could be within 24 hours
Top-notch customer service team of finance professionals
Cons
As a marketplace, specific terms, rates, and fees are not indicated until you apply with a partner lender
Key Facts
Pros
Fast approvals and funding
No origination or prepayment fees
Fair credit accepted
Flexible credit limits
Cons
High estimated interest rates
Not available in all states
$10,000 monthly revenue to qualify
Term loans are managed by partner lenders, not Bluevine
Key Facts
Pros
Funding possible within 24-72 hours of a signed and approved contract.
Variety of financing options available from Biz2Credit and other participating lenders.
Free online application and free use of business tools.
Dedicated support from financing experts.
Cons
May be an expensive option due to closing fees.
Financing options may differ from state-to-state.
No live chat option on their website.
Undisclosed interest rates and fees
Key Facts
Pros
Easy way to compare business loans from over 35 lenders
Partners with large, established lenders such as US Bank, Bluevine, OnDeck and CDFI banks
Loan decisions are made quickly after an easy application process
Cons
No transparency of loan terms readily available
Loan funding can take up to one week, which is longer than competitors
Collateral is required from some of BusinessLoans.com’s lending partners
Key Facts
Pros
Flexible on credit score. Getting approved is based more on strong balances and revenue.
Variety of loan types available
Soft credit check for the initial application
Save time with offers from multiple lenders
Cons
Application process is a bit long for a marketplace because it requires 3 bank statements
Since Lendio is not a direct lender, the terms only become clear after applying for a loan
Key Facts
Pros
Successful applications receive funding in less than 72 hours
Discounts available for early repayment of loans
Low credit threshold for loan eligibility
Good customer service and A+ BBB rating
Cons
Uses factor rating instead of APR, which makes comparing with other loan offers difficult
Only short-term loans are available
Minimum age of business to qualify is 12 months
Key Facts
Pros
Straightforward application process
Funding possible in as little as 24 hours
Good track record of serving small businesses
Provides access to a range of trustworthy lenders
Cons
Doesn't provide too many details on eligibility standards
The origination fees can sometimes be high
At this time, we did not find any offers that match your criteria.
- Lendy AI can help you specify your search -
January 2025
Key Facts
Pros
Multiple financing options designed to help businesses grow and succeed
Convenient shop and comparison tool
Free service
Matched with experienced Funding Advisor who helps every step of the way
Cons
Loan terms and conditions not disclosed until after completing an application
Once deciding upon a product, you’ll work with the lender instead of Fundera
Potentially high interest rates and eligibility requirements
Key Facts
Pros
Multiple business financing options available, ranging from small business loans to commercial real estate loans to lines of credit
Streamlined, intuitive application process with lender comparison option
Time to funding could be within 24 hours
Top-notch customer service team of finance professionals
Cons
As a marketplace, specific terms, rates, and fees are not indicated until you apply with a partner lender
Key Facts
Pros
Flexible on credit score. Getting approved is based more on strong balances and revenue.
Variety of loan types available
Soft credit check for the initial application
Save time with offers from multiple lenders
Cons
Application process is a bit long for a marketplace because it requires 3 bank statements
Since Lendio is not a direct lender, the terms only become clear after applying for a loan
One of the barriers to many small businesses is having access to funds that allow them to expand. Other companies will need a loan to keep them going through tough times, while others might require that additional funding in order to get off the ground.
Many great lenders allow you to get a small business loan these days. This guide will showcase all of the aspects of getting a small business loan and will assist you in figuring out the best type of option for you.
A small business loan is a way for a small business owner to get their hands on some financing. This type of loan allows them to get funding without giving up equity in their business.
Many of the leading lenders in the country will offer small business loans. These will usually be products that are particularly conducive for those who own more minor types of businesses.
There are also a few different types of small business loans that you can get. A lender will look at various aspects of a business before approving a loan. The terms and requirements can vary depending on your circumstances.
There are various types of small business loans that a business owner can get. These will each have their own specific focuses. Here is a look at the most popular types of small business loans:
Small Business Administration (SBA) loans see the lender taking on less risk as the government guarantees a part of the loan. This also, in turn means that the borrower can often get better terms.
The size of SBA loans often starts at $5,000 and goes as high as $5 million. The payment periods can vary widely and can take a bit longer than other types of loans to get your hands on the funds.
These types of business loans see. Lender giving you a cash advance in return for getting a cut of future sales. This means that payments will tend to be lower when there are low sales and vice versa. These loans can range between $5,000 and $250,000.
Many small businesses like getting. Aline of credit as it provides a great level of flexibility. You will have the ability to borrow up to a certain level, but you only have to pay interest on the money that you end up actually borrowing.
The rates are usually lower than credit cards, and the total sums available to borrow will be more significant. A line of credit can typically start at $1,000 and go up to $1 million.
This is when a small business owner gets a lump sum from a lender that has monthly repayments. The interest rate will be fixed, and the term will typically be one to five years. This type of loan will have limited personal liability in the case of default. In many ways, they are similar to a personal loan.
Invoice financing allows a business owner to generate improved cash flow. This is achievable by borrowing funds against the amounts that clients currently owe the business. It is a short-term type of borrowing where the lender effectively buys the unpaid invoices of a company up to a certain proportion.
Lenders will require plenty of information when considering a small business loan application. They want to avoid risky situations whereby they hand out loans to a business that might be failing and not likely be able to ultimately pay back the loan. Most lenders will look at some or all of the following information:
Depending on your information, you will likely have access to different types of rates and loans. If a lender deems a small business to have a low risk of defaulting on their loan obligations, you can often get better rates than you otherwise might.
Many great lenders offer various types of small business loans. You can find a very reliable option for your specific needs. The main difference will be the traditional types of lenders with physical branches and the modern lenders that operate in an online environment. You can figure out which of these options will be best for you.
We have reviewed each of the leading lenders, so you don’t have to. Once you choose a particular option, you can begin the process of getting a small business loan.
You will have to provide an array of documents relating to your business. This includes bank statements, company revenue figures for the past few years, and detailing how you will use the funds.
The lender will assess all of the provided information and decide what terms to offer you. The time it takes to get approval for a small business loan or access the funds will depend on the specific lender.
Small business owners have never had a better range of options to finance their business. You can now determine which type of loan is best for your needs and find a top-quality lender that can cater to your needs. This can all be done in a fast and efficient manner.
*The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.
**All businesses are unique and are subject to approval and review.