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 to build business credit: 7 steps
Establishing and building business credit can help you to grow your company.
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What is the average small business loan amount?
According to the Federal Reserve, these are the average small business loan amounts.
3 min read May 15, 2023 -
How long does it take to receive a short-term business loan?
Online lenders offer fast loans, but banks tend to have the best rates and terms.
5 min read May 15, 2023 -
Types of unsecured business loans
There are options for many borrowers, including business owners with bad credit.
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Average business loan interest rates in 2023
The average business loan interest rates vary by loan type and lender.
7 min read May 15, 2023 -
How long does it take to receive an unsecured business loan?
See how long the loan approval process takes for an unsecured business loan.
4 min read May 12, 2023 -
What credit score do I need for a business loan?
Credit score requirements vary among business loans, but here are rough guidelines.
4 min read May 12, 2023 -
Secured vs. unsecured fast business loans
One type of business loan is more affordable but the other can be more convenient.
3 min read May 11, 2023 -
Types of working capital loans
From lines of credit to SBA loans there are several types of working capital loans.
6 min read May 11, 2023 -
How to manage an equipment loan
Find strategies to manage your equipment loan and what to do if you miss one or more repayments.
7 min read May 11, 2023