BEST BUSINESS LOANS
DECEMBER 2019

Business loans are a great way to get the funding your business needs to thrive. Discover the top funding solutions for your business that offer low rates, ideal repayment terms, and fast approval.

UPDATED FOR DECEMBER 2019
SCORE
LOAN REQUIREMENTS
MAX LOAN
Editor's Choice 2019
9.9

  • Time in business: 12+ months
  • $20K in monthly revenue
  • Minimum credit score: 580

$1,000 - $5,000,000

9.6

  • Time in business: 9+ months
  • $3.5K in monthly revenue
  • Minimum credit score: 600

$5,000 - $500,000

9.4

  • Time in business: 12+ months
  • $4.2K in monthly revenue
  • Minimum credit score: none

$2,000 - $250,000

9.1

  • Time in business: 12+ months
  • $15K in monthly revenue
  • Minimum credit score: 600

$5,000 - $5,000,000

8.9

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

$2,000 - $1,000,000

8.6

  • Time in business: 3+ months
  • $5K in monthly revenue
  • Minimum credit score: 500

$2,500 - $100,000

8.5

  • Time in business: 12+ months
  • $10k in monthly revenue
  • Minimum credit score: none

$5,000 - $500,000

8.0

  • Time in business: 12+ months
  • $9K in monthly revenue
  • Minimum credit score: 500

$5,000 - $500,000

7.5

  • Time in business: no minimum
  • $15K in monthly revenue
  • Minimum credit score: none

$10,000 - $500,000

Compare Side-By-Side Business Loan Features

Find The Best Loan Service For You

Min Time in Business

Min Time in Business

12+ months

Min Time in Business

9+ months

Min Time in Business

12+ months

Min Time in Business

12 months

Min Time in Business

12+ months

Min Time in Business

3+ months

Min Time in Business

12+ months

Min Time in Business

12+ months

Min Time in Business

No minimum

Min Monthly Revenue

Min Monthly Revenue

$20,000

Min Monthly Revenue

$3,500

Min Monthly Revenue

$4,200

Min Monthly Revenue

$15,000 to $150,000

Min Monthly Revenue

$8,000

Min Monthly Revenue

$5,000

Min Monthly Revenue

$10,000

Min Monthly Revenue

$9,000

Min Monthly Revenue

$15,000

Min Credit Score

Min Credit Score

580

Min Credit Score

600

Min Credit Score

0

Min Credit Score

600

Min Credit Score

0

Min Credit Score

500

Min Credit Score

0

Min Credit Score

500

Min Credit Score

0

Loan Amount

Loan Amount

$1,000 - $5,000,000

Loan Amount

$5,000 - $500,000

Loan Amount

$2,000 - $250,000

Loan Amount

$5,000 - $5,000,000

Loan Amount

$2,000 - $1,000,000

Loan Amount

$2,500 - $100,000

Loan Amount

$5,000 - $500,000

Loan Amount

$5,000 - $500,000

Loan Amount

$10,000 - $500,000

Repayment Period

Repayment Period

1 month to 25 years

Repayment Period

3 to 12 months

Repayment Period

6 or 12 months

Repayment Period

1-25 years

Repayment Period

3 months to 15 years

Repayment Period

6 to 18 months

Repayment Period

3 to 24 months

Repayment Period

6 to 15 months

Repayment Period

12 to 48 months

APR Range

APR Range

8% - 24%

APR Range

25% - 50%

APR Range

24% - 99%

APR Range

Starting at 7%

APR Range

Varies by lender

APR Range

Varies by lender

APR Range

Varies by lender

APR Range

15% - 30%

APR Range

Varies by lender

Business Credit Card

Business Credit Card

Business Credit Card

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

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

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

SBA Loans

SBA Loans

SBA Loans

Compare Top Brands

Our Editor's Choice 2019

LOAN REQUIREMENTS
MAX LOAN
Editor's Choice 2019
  • Time in business: 12+ months
  • $20K in monthly revenue
  • Minimum credit score: 580

$1,000 - $5,000,000

Joe Schwartz

Business Loans Editor

Our chief content editor, Joe manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.

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.

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.
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.
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.
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.
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

Discover the ins & outs of business loans

5 Ways a Business Loan Can Help Your Business
READ MORE >
What Is Invoice Factoring?
READ MORE >
What Are Angel Investors?
READ MORE >