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Best LLC loans in July 2025

Updated July 10, 2025

What to know first: While LLC loans are available only to limited liability companies, there are still a wide variety to choose from. Whether you need a fast LLC loan, flexible repayment terms, an LLC loan for bad credit or otherwise, Bankrate can help you find the right lender for you.

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iBusiness Funding: Best for building business credit
4.5
Interest rate
Starting at 7.49% simple interest
Max loan amount$25k-$500K
Fastest funding2 business days
Term length6 - 84 months
Customer score
4.3
Apply nowArrow Right

on BusinessLoans.com

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National Funding: Best for early payoff
4.4
Interest rate
Factor Rates Starting at 1.10
Max loan amount$5k-$500K
Fastest funding1 business day
Term length4 - 24 months
Customer score
4.3
Apply nowArrow Right

on partner site

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Bluevine: Best for LLC line of credit
4.3
Interest rate
Starting at 7.80%
Max loan amount$5k-$250K
Fastest funding1 business day
Term length6 - 12 months
Customer score
4.3
Apply nowArrow Right

on BusinessLoans.com

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QuickBridge: Best for loan variety
4.3
Interest rate
Varies
Max loan amount$10k-$500K
Fastest funding1 business day
Term length4 - 24 months
Customer score
4.5
Apply nowArrow Right

on partner site

Jump to details
OnDeck: Bankrate 2025 Award Winner Best lender for startups
4.5
Interest rate
Starting at 27.30% APR
Max loan amount$5k-$250K
Fastest funding1 business day
Term length3 - 24 months
Customer score
4.1
Apply nowArrow Right

on BusinessLoans.com

SMB Compass: Best for term loans
4.6
Interest rate
Starting at 6.99%
Max loan amount$25k-$5M
Fastest funding1 business day
Term length6 - 300 months
Customer score
4.3
Triton Capital: Best for equipment loans
4.4
Interest rate
Starting at 5.99% APR
Max loan amount$10k-$500K
Fastest funding1 business day
Term length12 - 60 months
Customer score
4.5
Taycor Financial: Bankrate 2025 Award Winner Best Lender for newer businesses
4.4
Interest rate
Factor rate from 1.10 - 1.36
Max loan amount$10k-$1M
Fastest funding1 business day
Term length4 - 60 months
Customer score
4.7
Apply nowArrow Right

on BusinessLoans.com

Jump to details
Bank of America: Best for LLC bank loans
4.1
Interest rate
Starting at 9.50%
Max loan amount$25k-$300K
Fastest funding1 business day
Term length6 - 24 months
Customer score
4.1
Live Oak: Best for SBA loans
3.3
Interest rate
Not disclosed
Max loan amount$115k-$15M
Fastest fundingN/A
Term lengthN/A
Customer score
4.6
SmallBusinessLoans.com: Best for personalized funding
4.4
Interest rate
8.49%+
Max loan amount$5k-$500K
Fastest funding1 business day
Term length3 - 24 months
Customer score
3.8
Apply nowArrow Right

on partner site

How Bankrate works

Woman looking for rates
01

Compare LLC lenders

Bankrate collects information about the top LLC loans so you can easily compare options at a glance.

02

Fill out some information

Click "get personalized rates" and fill out some information to help Bankrate match you with lenders.

03

Get matched for funding

If you qualify, you can choose a loan to apply for and get your LLC funding.

A closer look at Bankrate's top LLC business loans

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. 

Badge Icon

Best for early payoff: National Funding

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.

Fast funding
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Rating: 4.4 stars out of 5
4.4
Interest rate
Factor Rates Starting at 1.10
Max loan amount
$5k–$500k
Min credit score
660
Time in business
2+ months

Pros and cons

Pros
  • Possible prepayment discount
  • No collateral on leases
  • Lowest guaranteed payment on leases
× Cons
  • Maximum interest rate not disclosed
  • No online prequalification tool
  • Only offers equipment financing up to $150,000
Badge Icon

Best for loan variety: QuickBridge

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.

Fast funding
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Rating: 4.3 stars out of 5
4.3
Interest rate
Varies
Max loan amount
$10k–$500k
Min credit score
660
Time in business
6+ months

Pros and cons

Pros
  • Easy application process
  • Fast funding
  • Early payoff discount
× Cons
  • Not accesible to all borrowers
  • $250,000 annual revenue requirement
Badge Icon

Best for LLC line of credit: Bluevine

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.

Fast funding
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Low interest rates
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Rating: 4.3 stars out of 5
4.3
Interest rate
Starting at 7.80%
Max loan amount
$5k–$250k
Min credit score
625
Time in business
12+ months

Pros and cons

Pros
  • Fast funding
  • Open to fair-credit borrowers
  • Minimal fees
× Cons
  • Unavailable in three states
  • Short repayment period of 6 or 12 months
Badge Icon

Bankrate 2025 Award Winner Best lender for newer businesses: Taycor Financial

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.

Fast funding
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Rating: 4.4 stars out of 5
4.4
Interest rate
Factor rate from 1.10 - 1.36
Max loan amount
$10k–$1000k
Min credit score
550
Time in business
3+ months

Pros and cons

Pros
  • Works with startups
  • Low credit score requirement
  • No minimum annual revenue
× Cons
  • No prequalification tool online
  • Interest rates can be high
  • Origination fee
Badge Icon

Best for building business credit: iBusiness Funding 

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.

Fast funding
Info Icon
Low interest rates
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Rating: 4.5 stars out of 5
4.5
Interest rate
Starting at 7.49% simple interest
Max loan amount
$25k–$500k
Min credit score
660
Time in business
24+ months

Pros and cons

Pros
  • Low starting rates
  • Repayment terms up to 7 years
  • No prepayment penalties
× Cons
  • High origination fee
  • Required credit score of 660
  • Tough for newer businesses to qualify
Badge Icon

Best for personalized funding: SmallBusinessLoans.com

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.

Fast funding
Info Icon
Low interest rates
Info Icon
Rating: 4.4 stars out of 5
4.4
Interest rate
8.49%+
Max loan amount
$5k–$500k
Min credit score
660
Time in business
6+ months

Pros and cons

Pros
  • Low minimum annual revenue requirement
  • Variety of lending partners
  • Personalized funding options
× Cons
  • Must fill out an application to know what you qualify for
  • May not be eligible for every product
  • Limited information online
Badge Icon

Best for equipment loans: Triton Capital

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.

Fast funding
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Low interest rates
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Rating: 4.4 stars out of 5
4.4
Interest rate
Starting at 5.99% APR
Max loan amount
$10k–$500k
Min credit score
600
Time in business
24+ months

Pros and cons

Pros
  • Fast access to funds
  • Low starting rates
  • Offers Lowest Payment Guarantee
× Cons
  • High maximum rates
  • High annual revenue requirement
  • Potentially high fees
Badge Icon

Bankrate 2025 Award Winner Best lender for startups: OnDeck

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.

Fast funding
Info Icon
Rating: 4.5 stars out of 5
4.5
Interest rate
Starting at 27.30% APR
Max loan amount
$5k–$250k
Min credit score
625
Time in business
12+ months

Pros and cons

Pros
  • Same-day funding
  • Reports to credit bureaus
  • Early repayment incentives
× Cons
  • High interest rates
  • Not available in all states
  • Short repayment periods
Badge Icon

Best for term loans: SMB Compass

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.

Fast funding
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Low interest rates
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Rating: 4.6 stars out of 5
4.6
Interest rate
Starting at 6.99%
Max loan amount
$25k–$5000k
Min credit score
680
Time in business
6+ months

Pros and cons

Pros
  • Works with most industries
  • High lending amount is $5 million
  • Terms up to 10 years
× Cons
  • Not available in every state
  • No sole proprietorships
  • Funding comes from partners
Badge Icon

Best for LLC bank loans: Bank of America

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.

Fast funding
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Low interest rates
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Rating: 4.1 stars out of 5
4.1
Interest rate
Starting at 9.50%
Max loan amount
Starting at $10k
Min credit score
Not specified
Time in business
6+ months

Pros and cons

Pros
  • Free business credit score
  • No collateral needed
  • Low interest rates
× Cons
  • Requires good credit
  • Slow application process
  • Limited access to online application
Badge Icon

Best for SBA loans: Live Oak Bank

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.

Rating: 3.3 stars out of 5
3.3
Interest rate
Not disclosed
Max loan amount
$115k–$15000k
Min credit score
Not specified
Time in business
Not specified

Pros and cons

Pros
  • Offers SBA 7(a) and SBA 504 loans
  • SBA Preferred Lender
  • No prepayment penalties on select loan products
× Cons
  • Extensive application process
  • Limited information on website
  • No online access to loans

How Bankrate chooses our best LLC loan lenders

Bankrate's trusted small business loan industry expertise

57

years in business

30

lenders reviewed

22

loan features weighed

770

data points collected

To choose the best business LLC loans, we ensured loans are broadly available across the United States. We then considered features that make loans affordable and accessible to businesses with different characteristics and needs, including interest rates, required time in business, minimum annual revenue and fees.
 
When evaluating lenders, we use a 22-point scale to measure quality in five key areas:

How to get an LLC loan through Bankrate

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. 

Determine if an LLC loan is right for your business

An LLC business loan works much like any personal or business loan. You can use LLC loans to cover business-related expenses, including:

  • Inventory purchases
  • Equipment purchases
  • Real estate
  • Marketing
  • Startup costs
  • Working capital expenses

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:

  • Have a good credit history.
  • Have a solid revenue stream.
  • Have been in business longer than six months to a year. 
  • Want to limit your personal liability when borrowing. 

What makes an LLC loan different from a regular small business loan?

While there is overlap between regular business loans and LLC loans, personal liability is what makes LLC loans unique.

Learn more
An 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.
Bankrate logo Thomas Brock: CFA, CPA

Calculate how much debt your business can handle

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.

How much will an LLC loan cost?

Interest, fees and underwriting costs can quickly add up. Here’s what you’ll need to pay when you borrow.

Learn more

Find the right lender for an LLC loan

Choosing 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:

  • Loan rates and fees. Some lenders will offer lower interest rates or limited fees. 
  • Product offerings. Lenders can have a wide variety of loan products, such as lines of credit, equipment loans or business credit cards. 
  • Requirements. Different lenders can have stricter or more relaxed borrowing requirements. 
  • Speed of approval. Some lenders will offer approval in less than 24 hours. 
  • Customer service. Some lenders can offer features such as personalized loan matching, 24/7 customer service or a mobile app. 

While lenders will differ in their offerings and approaches, different types of lenders can offer different pros and cons. 

Lender type Pros Cons
Banks
  • Variety of lending products
  • More personalized service
  • Opportunity to build a relationship with the lender
  • Higher interest rates
  • Business hours can be limited
  • Slower approval times
Credit unions
  • Lower interest rates and fees
  • More personalized service.
  • Locally-focused service
  • Business hours and locations can be limited
  • Products may be limited
  • Slower approval times
Online lenders
  • Fast approval
  • 24/7 availability and service
  • Lower interest rates and fees
  • Lacks opportunity for building a relationship
  • May be unavailable in certain states
  • Lending products may be limited
Small Business Administration (SBA) approved lenders
  • Limited interest rates
  • Variety of loan options
  • Lower credit requirements
  • Can be difficult to qualify for
  • Long approval times
  • Stricter business qualifications
Community lenders
  • Fixed interest rates and fees
  • Non-profit focused
  • Offers opportunities for underserved communities
  • Limited funds
  • Competitive to apply for
  • Unique requirements

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. 

Make sure you meet requirements

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:

  • Time in business. The newer your LLC, the riskier it looks as a borrower. Some lenders will want your LLC to be anywhere from six to 24 months old before applying for a loan.
  • Revenue. Your LLC must have sufficient income to cover the monthly cost of the loan. The more money your company brings in each month, the easier it will be to qualify for a loan and the more you’ll be able to borrow.
  • Expenses. Along with revenue, the lender will look at your company’s current debts and expenses. The less your LLC spends in comparison to its revenue, the better your chances.
  • Credit history. Your LLC has its own credit score, and your lender will want to examine your company’s credit to make sure it isn’t a risky borrower. Some lenders may also ask for a personal guarantee if your LLC has limited credit or is too new.

Documents needed for an LLC loan

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:

  • Personal information and bank statements
  • Personal tax returns
  • LLC tax returns, possibly for the last three years
  • Quarterly tax receipts
  • Recent LLC bank and financial statements
  • Business tax ID or Employer Identification Number
  • Licenses or permits
  • Business formation documents
  • Unpaid invoices
  • Business plan or funding request
  • Commercial lease
  • SBA forms
  • Collateral appraisals and proof of ownership
  • A cash flow statement

What documents are required to apply for an LLC loan?

Knowing what to prepare beforehand can help your LLC application process go faster.

Learn more

Prequalify through Bankrate

When shopping for loans, consider prequalifying with us. Bankrate offers multiple benefits if you decide to prequalify on our site, including:

  • Instant prequalification based on your credit profile
  • Compare multiple lenders at once instead of one lender at a time
  • No hard checks
  • Get expert insights based on unbiased reviews and analyses 
  • Access loan information and applications in one place
  • Build a profile you can access later in the process

Types of LLC Loans

From bank loans to SBA loans to lines of credit, here are your options for LLC lending.

Learn more

How to compare LLC loans

No two LLC loans are the same, and the right loan for your business will depend on your revenue, needs and priorities. 

If your most important deciding factor is… …then you should consider
Interest rate
  • A low-interest LLC loan, which is typically offered by online lenders.
  • An SBA loan, which has a fixed interest rate.
Funding flexibility
  • A business line of credit, which offers revolving cash withdrawal instead of lump sum borrowing.
High amounts
  • A term loan, which offers higher loan limits based on revenue and credit history.
Low amounts
  • A line of credit, which can offer lower and more flexible funding.
  • An SBA microloan, which offers funding under $50,000
Ease of approval
  • A secured LLC loan, which can have more flexible approval terms in exchange for collateral
  • A merchant cash advance or invoice financing, which are based on cash flow instead of credit history.
Speed of approval
  • An LLC loan from an online lender, which can come with approval in minutes.
  • An SBA Express loan, which offers SBA loans with a faster approval

Frequently asked questions about LLC business loans