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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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.
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Where can I get semi-truck financing?
We’ll show you who is a good fit for loans from banks or online and direct lenders.
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How long do you have to wait for SBA loan approval?
Looking for an SBA processing time estimate? We’ve got answers for you.
6 min read May 30, 2023 -
Is a small business loan secured or unsecured?
Small business loans can be either secured or unsecured.
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What documents are required to apply for an equipment loan?
See the general list of documents you need when applying for an equipment loan.
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What are current unsecured business loan interest rates?
See the current interest rates for different types of unsecured business loans and the factors that affect those rates.
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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 May 24, 2023 -
Working capital loan vs. small business loan
Learn more about this short-term loan and how it compares to other business loans.
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Equipment leasing vs. financing
Equipment leasing and financing are two ways to ensure your business gets the equipment it needs.
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Small business loan refinancing: What you should know
Business loan refinancing can lower borrowing costs, but when is it the best option?
5 min read May 23, 2023