Updated July 10, 2025
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Bankrate collects information about the top LLC loans so you can easily compare options at a glance.
Click "get personalized rates" and fill out some information to help Bankrate match you with lenders.
If you qualify, you can choose a loan to apply for and get your LLC funding.
After reviewing the table above, take a closer look at our top lenders. Here you can learn more about each lender, who their products are best for and any standout features that can help you find the right lender for your LLC.
At National Funding, you get top-notch service with Funding Specialists who walk you through every part of the business funding process. You can get funding as quickly as 24 hours. Plus, National Funding offers early payoff discounts, helping you pay off your loans early without penalty.
If you’re looking for a short-term loan of 24 months or less, QuickBridge might be the right option. The lender offers working capital loans and unsecured loans up to $500,000, with quick funding within 24 hours and early payoff discounts to boot.
Bluevine is a popular choice for its business line of credit, offering lines up to $250,000 with low starting interest rates of 7.80 percent simple interest. Bluevine doesn’t charge monthly fees for keeping the line open, and you can get instant withdrawals if you have a Bluevine checking account.
Taycor Financial is ideal for startups, accepting three months’ time in business, while most lenders want to see a few years in the market. Taycor’s equipment financing doesn’t impose any time-in-business requirements, accepting startups who are just getting off the ground. You can get a variety of business loans with this lender from term loans to equipment financing to cash advances.
iBusiness Funding’s specialty is low-interest term loans and SBA loans, starting at just 7.49 percent interest, which puts this fintech on par with bank lenders. And you won’t have to worry about prepayment penalties, so feel free to pay off your loan early and save on interest.
If you like shopping around for business loans, SmallBusinessLoans.com will sort through multiple lenders for you and match you with the right lenders and loans – all with one short application. Its prequalification allows you to see what loans you qualify for without a hard check on your credit.
Triton Capital equipment loans help businesses just starting out as it doesn’t keep a minimum time in business for this loan. It also offers flexibility with payments, allowing you to pay seasonally, monthly, quarterly or semi-annually. You choose the payment plan that best suits your business.
OnDeck specializes in short-term business loans and lines of credit up to $250,000 with terms up to 24 months. This lender can fund quickly – within the same day for term loans and instantly for lines of credit once the line is open.
SMB Compass provides an array of nine business loans for you to choose from, unique considering most online lenders only offer one or two types of loans. Its term loans offer funding up to $5 million with low starting interest rates at 6.99 percent.
If you’re looking for a bank lender with in-person support, Bank of America has lending institutions all across the U.S. at your convenience. It provides a variety of business loans to choose from, including lines of credit and secured and unsecured term loans.
Live Oak Bank is a top originator in SBA loans, offering a streamlined process to get approved for these loans. It provides SBA 7(a) loans starting at $150,000 to $5 million, so it’s ideal for businesses needing to make large purchases.
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Getting an LLC loan involves a few key steps, from determining the right product and lender, to calculating how much you can borrow to submitting your documentation for approval. Bankrate can help you find what you need to know.
An LLC business loan works much like any personal or business loan. You can use LLC loans to cover business-related expenses, including:
What differentiates LLC loans from other types of business loans is personal liability. An LLC business structure offers certain protections that allow the business owner to keep their personal assets if the business undergoes bankruptcy, which means only business assets can be liquidated or seized upon default.
However, something to keep in mind is that most lenders may require you to sign a personal guarantee when applying for an LLC or business loan. This essentially waives your protections and makes you personally responsible for paying off your business debt.
In general, an LLC loan can be a good option for your business if you:
While there is overlap between regular business loans and LLC loans, personal liability is what makes LLC loans unique.
Learn moreAn LLC loan is a business loan specifically structured for a limited liability company. The debt obligation is the responsibility of the legal entity, not its individual members. This arrangement helps protect the personal assets of the LLC’s members. However, most LLC loans have strict documentation and underwriting requirements, and many LLC lenders require personal guarantees from the entity’s members.Thomas Brock: CFA, CPA
Before you apply for any loans, you’ll want to make sure you can handle the weekly or monthly payment. It can be a good idea to calculate a payment range that you’re comfortable with, as some loans come with a variable interest or factor rate.
In general, your business debt shouldn’t exceed 36 percent of your annual revenue. For example, if your business makes $150,000 annually, you should aim for no more than a $54,000 loan and interest balance for the year.
On a monthly basis, this means your monthly payment should be no more than $4,500 with interest and fees. If you take out a 5-year loan with a 7.5 percent fixed interest rate and 60 monthly payments and want to keep to a $4,500 monthly payment, then your maximum loan amount would be $224,574.
Interest, fees and underwriting costs can quickly add up. Here’s what you’ll need to pay when you borrow.
Learn moreChoosing a lender that works best for your business’ needs can make a world of difference in cost, service and payment terms. Which lender you choose for your LLC loan will depend on your business needs and what they have to offer.
When considering a lender, you’ll want to think about the following factors:
While lenders will differ in their offerings and approaches, different types of lenders can offer different pros and cons.
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Bankrate can help you find the right lender by allowing you to compare rates, fees, limits and requirements all in one place. Use our loan calculator to get started and get matched with the best lender for your needs.
Every lender will set its own requirements for an LLC loan. In general, lenders mostly care about whether you’ll pay the money back and use their requirements to reduce the odds of lending to someone who defaults on the loan.
Some common criteria lenders use include:
Lenders will require you to submit documents pertaining to your finances, personal and business information and LLC status when you apply for a loan. While different lenders will have different requirements, these documents will typically include:
Knowing what to prepare beforehand can help your LLC application process go faster.
Learn moreWhen shopping for loans, consider prequalifying with us. Bankrate offers multiple benefits if you decide to prequalify on our site, including:
From bank loans to SBA loans to lines of credit, here are your options for LLC lending.
Learn moreNo two LLC loans are the same, and the right loan for your business will depend on your revenue, needs and priorities.
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