Top Business Loans | Compare Rates

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UPDATED FOR JULY 2021

SCORE

LOAN FEATURES

LOAN AMOUNT

Funding Hero's Choice

9.9

Time in business: 12+ months
$10K in monthly revenue
Minimum credit score: 600

$10,000 - $6,000,000

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Visit Biz2Credit »

9.3

Time in business: 12+ months
$20k in monthly revenue
Minimum credit score: 500

$5,000 - $500,000

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Visit Fora Financial »

9.1

Time in business: 12+ months
$8K in monthly revenue
Minimum credit score: none

$5,000 - $1,000,000

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Visit LendingTree »

9.0

Time in business: 24+ months
$17K in monthly revenue
Minimum credit score: 680

$5,000 - $1,000,000

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Visit Fundera »

8.9

Time in business: 4+ years
$20K in monthly revenue
Minimum credit score: 575

$10,000 - $500,000

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Visit National Funding »

8.7

Time in business: 6+ Months
$30K in monthly revenue
Minimum credit score: none

$10,000 - $5,000,000

Apply Now »

Visit Sutton Funding »

SCORE

LOAN REQUIREMENTS

LOAN AMOUNT

8.8

Time in business: no minimum
$75k in annual income
Minimum credit score: 630

$20,000 - $500,000

Apply Now »

Visit Bankers Healthcare Group »

Who Can Use BHG / BHG provides hassle-free financing to professionals in various industries. Whether you’re looking to improve cash flow, consolidate debt, start a new business, acquire an existing business, purchase new equipment, and more, BHG is here to help you.

What sets them apart / Qualifying professionals can get approved in as little as 24 hours and funded in as few as 3 days*. BHG offers affordable, low monthly payments, with flexible repayment terms up to 7 years* and no personal collateral required.

Bottom Line / Over 20+ years, BHG has provided more than $8 billion in loan solutions to professionals. They provide a better borrower experience built on service, speed, and affordability.

Read Review » Visit Site »

SCORE

LOAN REQUIREMENTS

MAX LOAN

Funding Hero's Choice

9.9

Time in business: 12+ months
$10K in monthly revenue
Minimum credit score: 600

$10,000 - $6,000,000

Visit Site »

Visit Biz2Credit »

	9.9 Visit Site »	9.3 Visit Site »	9.1 Visit Site »	9.0 Visit Site »	8.9 Visit Site »	8.7 Visit Site »
Min Time in Business	Min Time in Business 12+ months	Min Time in Business 12+ months	Min Time in Business 12+ months	Min Time in Business 12 months	Min Time in Business 12+ months	Min Time in Business 0 months
Min Monthly Revenue	Min Monthly Revenue $20K in monthly revenue	Min Monthly Revenue $20,000	Min Monthly Revenue $8,000	Min Monthly Revenue $15,000 to $150,000	Min Monthly Revenue $12,000	Min Monthly Revenue $0K in monthly revenue
Min Credit Score	Min Credit Score 570	Min Credit Score 500	Min Credit Score 0	Min Credit Score 600	Min Credit Score 500	Min Credit Score 0
Loan Amount	Loan Amount $10,000 - $6,000,000	Loan Amount $5,000 - $500,000	Loan Amount $5,000 - $1,000,000	Loan Amount $5,000 - $1,000,000	Loan Amount $10,000 - $500,000	Loan Amount $10,000 - $5,000,000
Repayment Period	Repayment Period 1 month to 7 years	Repayment Period 3 to 15 months	Repayment Period 3 months to 15 years	Repayment Period 1-25 years	Repayment Period 6 to 15 months	Repayment Period 6 months to 10 years
APR Range	APR Range 4% - 35.99%	APR Range Varies	APR Range Varies by lender	APR Range Starting at 7%	APR Range 15% - 30%	APR Range Varies
Business Credit Card	Business Credit Card	Business Credit Card	Business Credit Card	Business Credit Card	Business Credit Card	Business Credit Card
Equipment Loans	Equipment Loans	Equipment Loans	Equipment Loans	Equipment Loans	Equipment Loans	Equipment Loans
Line of Credit Loans	Line of Credit Loans	Line of Credit Loans	Line of Credit Loans	Line of Credit Loans	Line of Credit Loans	Line of Credit Loans
SBA Loans	SBA Loans	SBA Loans	SBA Loans	SBA Loans	SBA Loans	SBA Loans
	Visit Site »	Visit Site »	Visit Site »	Visit Site »	Visit Site »	Visit Site »

Joseph Schwartz

Head of Content at Funding Hero

Joseph is head of content at Funding Hero and has been writing in the finance industry for 5+ years. When not authoring posts about loans or mortgages, Joseph can likely be found reading or tending to his garden.

FAQ's About Business Loans

Financing your business has become easier than ever with the many the lenders and business loan providers available. From SBA loans to lines of credit, businesses can apply for many types of loans in the market. Get started with the most commonly asked questions about business loans services.

Should I get a business loan?

Business loans have a few advantages. By obtaining a loan, the lender does not have equity in the business. Instead, you simply need to repay principal plus interest. After repayment, you do not need to share profits with the lender. This also reduces administrative duties by eliminating the need for shareholder meetings and votes. In addition, loans do not require the same regulations on investments.

What kind of information do I need to provide to apply for a loan?

Lending requirements depend on the business loan service. Often, lenders expect good credit, collateral, and steady monthly revenue for approval. A commercial lender may also request a business plan to prove that a business can repay the loan.

What is APR?

The APR (annual percentage rate) refers to the annualized interest rate charged for your personal loan. Typical APRs range from about 5% up to 30%. The APR of the loan depends on the applicant’s financial history, assets, income, credit history, and other factors.

How much time do I have to repay the loan?

Repayment agreements depend on the terms negotiated between your business and the lender. Repayment periods can be as low as 6 months or less or for up to 5 years or more. When negotiating your loan, make sure to agree upon repayment terms that suit your current budget.

What kind of business loans are available?

There are many options for financing your business. Below are a few of the most common types of business loans:
Business Lines of Credit: A line of credit that businesses can access when needed
Equipment Financing: Loans to finance equipment in which equipment serves as collateral
SBA Loan: Low-cost, flexible loans secured by the Small Business Administration
Short Term Loan: Small loans with short repayment terms between 3 to 18 months