Small Business Loans
Small business loans can help launch your startup, cover overhead costs, purchase equipment, refinance debt — and more. Here, you can compare business loan rates, calculate costs and explore your options to find the right loan for you.
Our featured picks
There’s no one-size-fits-all small business loan. That’s why we constantly evaluate lenders and show you a variety of options to help you choose the best business loan based on your needs. Here’s a look at our current top recommendations.
Credibly: Best for bad credit business loans
- Business credit score: Over 500 (Specific requirements vary)
- Personal guarantee requirement: Yes
- Time in business: Six months
- Business annual income: $180,000
Wells Fargo: Best for lines of credit
What to know: Three revolving business lines of credit offer some of the lowest rates around and earn rewards on eligible purchases. New and established businesses may be eligible for the unsecured lines of credit, while the secured Prime Line of Credit is for businesses with at least $2 million in annual sales. Annual fees may apply (waived the first year).
- Business credit score: 680
- Personal guarantee requirement: Yes
- Time in business: Varies (Two years for the BusinessLine line of credit and less than two years for the Business Advantage line of credit)
- Business annual income: Not disclosed
Funding Circle: Best for fast and affordable loans
What to know: Business term and SBA loans have more favorable rates compared to other online lenders. Loans may be approved and funded in as little as 24 hours, and you won’t have to deal with excessive fees, though the origination fee is high. Eligibility requirements are fairly strict, especially for SBA 7(a) loans, which have a minimum annual revenue of at least $400,000.
- Business credit score: 660 (SBA 7(a) loans only require 630 credit score)
- Personal guarantee requirement: Yes
- Time in business: Two years
- Business annual income: $50,000 for term loan
Learn more about small business loans
What's new
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Types of unsecured business loans
There are options for many borrowers, including business owners with bad credit.
7 min read Sep 22, 2023 -
What is the average small business loan amount?
According to the Federal Reserve, these are the average small business loan amounts.
4 min read Sep 22, 2023 -
Wells Fargo vs. Live Oak: Which small business lender is right for you?
Wells Fargo and Live Oak Bank both offer SBA loans and commercial lending products, but they have different requirements and will meet different businesses’s needs.
5 min read Sep 21, 2023 -
Do you need a business checking account for a small business loan?
A business checking account may be required to get a business loan. Learn the differences between a business and personal checking account, the documents needed, and how to find the best account to suit [...]
5 min read Sep 21, 2023 -
What can you use a startup business loan for?
Startup costs, equipment and building credit are just a few of the ways.
7 min read Sep 21, 2023 -
How to choose the best short term business loan
We’ll help you find the most affordable short-term loan for your business.
6 min read Sep 21, 2023 -
Pros and cons of short-term business loans
Despite the costs, short-term business loans have certain advantages.
6 min read Sep 21, 2023 -
How much will an equipment loan cost?
Learn the factors that go into the cost of an equipment loan and how each factor influences cost.
4 min read Sep 20, 2023 -
How long does it take to receive an equipment loan?
The time it takes to get an equipment loan can vary on the lender. Here’s what you need to know about an equipment loan’s funding timeline.
5 min read Sep 20, 2023 -
Working capital loan vs. small business loan
Learn more about this short-term loan and how it compares to other business loans.
4 min read Sep 20, 2023