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TOP BUSINESS LOANS
JULY 2021

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 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

9.3

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

$5,000 - $500,000

9.1

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

$5,000 - $1,000,000

9.0

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

$5,000 - $1,000,000

8.9

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

$10,000 - $500,000

8.7

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

$10,000 - $5,000,000

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Business Loans for Professionals

SCORE
LOAN REQUIREMENTS
LOAN AMOUNT
8.8

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

$20,000 - $500,000

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. 

Editor's Choice 2021

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

Compare Side-By-Side Business Loan Features

Find The Right Loan For You

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

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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.

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
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