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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SBA loan collateral vs. guarantee
A personal guarantee or collateral may be required for SBA loans. Learn the differences and requirements here.
4 min read Jul 03, 2023 -
What is debt financing and is it right for your business?
Debt financing is a popular way to fund small businesses, but it might not be the right option for every business.
4 min read Jul 03, 2023 -
Debt vs. equity financing
Debt financing and equity financing are two types of funding options available to small businesses.
6 min read Jul 03, 2023 -
Where can I get an equipment loan?
Several lenders offer equipment loans, including banks, online lenders and equipment manufacturers. Here’s where else you can find an equipment loan.
6 min read Jul 03, 2023 -
Types of bad credit business loans
Each type of bad credit business loan has its advantages and disadvantages.
8 min read Jul 03, 2023 -
What is the SBA weekly lending report and how does it work?
Learn more about where most of the SBA 7(a) and 504 loans go.
7 min read Jun 30, 2023 -
SBA loan and startup funding for women
Find out more about SBA loans and startup funding for women
4 min read Jun 27, 2023 -
How to write off repayment of a business loan
You can’t write off the loan, but you may be able to deduct interest paid.
5 min read Jun 27, 2023 -
How to get a loan to buy a business
Explore what’s involved with getting a loan to purchase a business.
5 min read Jun 27, 2023 -
When to refinance a business loan
The best time to refinance a business loan is when you can qualify for loans at lower interest rates.
6 min read Jun 26, 2023