How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 21 small-business lenders
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
SBA 7(a) loan with Fundera by NerdWallet | Best for SBA loan lenders | $5,000,000 | 650 | with Fundera by NerdWallet |
SBA Express loan with Fundera by NerdWallet | Best for SBA loan lenders | $500,000 | 650 | with Fundera by NerdWallet |
SBA CAPLines of credit with Fundera by NerdWallet | Best for SBA loan lenders | $5,000,000 | 650 | with Fundera by NerdWallet |
SBA CDC/504 loan | Best for SBA loan lenders | $5,000,000 | 680 | |
Bank of America Business Advantage Unsecured Term Loan | 5.0/5 Best for Business bank lenders | Undisclosed | 700 | |
Wells Fargo BusinessLine® Line of Credit | 5.0/5 Best for Business bank lenders | $150,000 | 680 | |
PNC Small Business Vehicle Finance Loan | 3.5/5 Best for Business bank lenders | $250,000 | 700 | |
Chase - Business line of credit | Best for Business bank lenders | $500,000 | 700 | |
TAB Bank - Term loan | Best for Business bank lenders | $300,000 | 660 | |
OnDeck - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Online small-business lenders | $250,000 | 625 | with Fundera by NerdWallet |
Fundbox - Line of credit | 5.0/5 Best for Online small-business lenders | $150,000 | 600 | |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Online small-business lenders | $250,000 | 625 | with Fundera by NerdWallet |
Headway Capital - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Online small-business lenders | $100,000 | 625 | with Fundera by NerdWallet |
American Express® Business Line of Credit | 5.0/5 Best for Online small-business lenders | $250,000 | 660 | |
Funding Circle - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Online small-business lenders | $500,000 | 660 | with Fundera by NerdWallet |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Online small-business lenders | $1,500,000 | 500 | with Fundera by NerdWallet |
AltLINE - Invoice Factoring | 4.5/5 Best for Online small-business lenders | $10,000,000 | 300 | |
National Funding - Equipment Financing with Fundera by NerdWallet | 4.5/5 Best for Online small-business lenders | $150,000 | 600 | with Fundera by NerdWallet |
Triton Capital - Equipment financing with Fundera by NerdWallet | 4.0/5 Best for Online small-business lenders | $250,000 | 575 | with Fundera by NerdWallet |
Accion Opportunity Fund - Small Business Working Capital Loan | 5.0/5 Best for Microlenders | $250,000 | 570 | |
SBA Microloan with Fundera by NerdWallet | Best for Microlenders | $50,000 | 620 | with Fundera by NerdWallet |
Here are 21 small-business lenders
Best for SBA loan lenders
Max Amount
$5,000,000
Min. Credit Score
680
Best for Business bank lenders
Max Amount
Undisclosed
Min. Credit Score
700
Max Amount
$150,000
Min. Credit Score
680
Max Amount
$250,000
Min. Credit Score
700
Max Amount
$500,000
Min. Credit Score
700
Max Amount
$300,000
Min. Credit Score
660
Best for Online small-business lenders
Max Amount
$150,000
Min. Credit Score
600
Max Amount
$250,000
Min. Credit Score
660
Max Amount
$10,000,000
Min. Credit Score
300
Best for Microlenders
Max Amount
$250,000
Min. Credit Score
570
I'M INTERESTED IN:
Our picks for
SBA loan lenders
SBA loans offer low interest rates and long repayment terms. These loans are issued by banks, credit unions and other participating financial institutions and partially guaranteed by the U.S. Small Business Administration.
SBA 7(a) loan
with Fundera by NerdWallet
Max loan
$5,000,000
Min. Credit score
650
Apr range
11.50-15.00%
with Fundera by NerdWallet
SBA Express loan
with Fundera by NerdWallet
Max loan
$500,000
Min. Credit score
650
Apr range
11.50-15.00%
with Fundera by NerdWallet
SBA CAPLines of credit
with Fundera by NerdWallet
Max loan
$5,000,000
Min. Credit score
650
Apr range
11.50-15.00%
with Fundera by NerdWallet
SBA CDC/504 loan
Max loan
$5,000,000
Min. Credit score
680
Apr range
5.00-7.00%
Our picks for
Business bank lenders
Bank lenders typically offer the most competitive interest rates and repayment terms on small-business loans — but require that you meet strict criteria to qualify.
Bank of America Business Advantage Unsecured Term Loan
Max loan
Undisclosed
Min. Credit score
700
Wells Fargo BusinessLine® Line of Credit
Max loan
$150,000
Min. Credit score
680
Apr range
10.25-18.25%
PNC Small Business Vehicle Finance Loan
Max loan
$250,000
Min. Credit score
700
Chase - Business line of credit
Max loan
$500,000
Min. Credit score
700
TAB Bank - Term loan
Max loan
$300,000
Min. Credit score
660
Apr range
8.99-35.99%
Our picks for
Online small-business lenders
Online business lenders can offer a variety of different loan types with faster funding times and more flexible qualification requirements than bank or SBA lenders.
OnDeck - Online term loan
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
625
Apr range
27.20-99.90%
with Fundera by NerdWallet
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Bluevine - Line of credit
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
with Fundera by NerdWallet
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan
$100,000
Min. Credit score
625
Apr range
35.00-80.00%
with Fundera by NerdWallet
American Express® Business Line of Credit
Max loan
$250,000
Min. Credit score
660
Funding Circle - Online term loan
with Fundera by NerdWallet
Max loan
$500,000
Min. Credit score
660
Apr range
15.22-45.00%
with Fundera by NerdWallet
Fora Financial - Online term loan
with Fundera by NerdWallet
Max loan
$1,500,000
Min. Credit score
500
with Fundera by NerdWallet
AltLINE - Invoice Factoring
Max loan
$10,000,000
Min. Credit score
300
National Funding - Equipment Financing
with Fundera by NerdWallet
Max loan
$150,000
Min. Credit score
600
with Fundera by NerdWallet
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
575
Apr range
5.99-34.99%
with Fundera by NerdWallet
Our picks for
Microlenders
Microlenders are usually nonprofit or local organizations that focus their lending efforts on businesses in their local communities. These lenders provide smaller-sized loans and business training to borrowers who may not qualify for other options.
Accion Opportunity Fund - Small Business Working Capital Loan
Max loan
$250,000
Min. Credit score
570
Apr range
8.49-29.67%
SBA Microloan
with Fundera by NerdWallet
Max loan
$50,000
Min. Credit score
620
Apr range
8.00-13.00%
with Fundera by NerdWallet
Types of small-business lenders
Government lenders
Credit union and bank lenders
Online lenders
Nonprofit and microlenders
How to choose a business lender
- If you want the least expensive loan: A bank will likely offer the lowest interest rates, but you’ll need to be able to meet tough financial qualifications. Banks can also offer a variety of types of business loans, as well as longer terms than some online lenders.
- If you can’t qualify with a bank: Start with the SBA loan program. SBA loans have competitive rates and long terms, and eligibility criteria can be a little more flexible than bank requirements. However, you’ll still need good credit and strong revenue to qualify, and the application process can be complex — so online lenders are an alternative option.
- If you need a loan fast: Online lenders will be your top option. Some online lenders can offer funding in as little as 24 hours — although speed can come at a cost of higher interest rates.
- If customer service is a priority: Although a variety of lenders have representatives to help you through the application process, small-business borrowers report having a higher level of overall satisfaction with credit unions and community banks.
- If you’re a new business or have bad credit: Some online lenders, as well as nonprofit lenders, may have more flexible requirements that can accommodate newer businesses or those with bad credit. These businesses may also consider alternative types of funding, such as small-business grants.
Find the right business loan
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.