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 7 easy business loans
Lender | NerdWallet Rating | Max loan amount | Min. credit score | Next steps |
|---|---|---|---|---|
American Express Business Blueprint™ - Line of credit on American Express Business Blueprint™'s website | 4.5/5 Best for Business lines of credit | $250,000 | 640 | on American Express Business Blueprint™'s website |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Quick easy business loans | $250,000 | 625 | with Fundera by NerdWallet |
OnDeck - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Easy short-term business loans | $250,000 | 625 | with Fundera by NerdWallet |
Fundbox - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Easy business loans for startups | $150,000 | 600 | with Fundera by NerdWallet |
Triton Capital - Equipment financing with Fundera by NerdWallet | 4.0/5 Best for Easy equipment loans | $250,000 | 600 | with Fundera by NerdWallet |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Easy business loans for bad credit | $1,400,000 | 500 | with Fundera by NerdWallet |
OnDeck - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Easy unsecured business loans | $100,000 | 625 | with Fundera by NerdWallet |
Here are 7 easy business loans
Best for Business lines of credit
Best for Quick easy business loans
Best for Easy short-term business loans
Best for Easy business loans for startups
Best for Easy equipment loans
Best for Easy business loans for bad credit
Best for Easy unsecured business loans
Our pick for
Business lines of credit
This business line of credit offers financing faster than traditional bank loans. And, you can use your credit line for a wide variety of purposes.
American Express Business Blueprint™ - Line of credit
Max loan
$250,000
Min. Credit score
640
Our pick for
Quick easy business loans
Bluevine can provide funding as quickly as 12 to 24 hours. You may be able to qualify if you have a minimum credit score of 625.
Bluevine - Line of credit
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
Our pick for
Easy short-term business loans
OnDeck can provide funding as fast as the same day your loan is finalized. You may be able to qualify with at least 12 months in business and a credit score of 625 or higher.
OnDeck - Online term loan
Max loan
$250,000
Min. Credit score
625
Apr range
29.90-97.30%
Our pick for
Easy business loans for startups
You may be able to qualify for one of these easy business loans if your startup has at least six months in business.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
10.10-79.80%
Our pick for
Easy equipment loans
Triton Capital can finance equipment loans in one to two business days. Businesses with bad credit (FICO score below 630) and startups may be able to qualify.
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
600
Apr range
5.99-35.00%
with Fundera by NerdWallet
Our pick for
Easy business loans for bad credit
You may be able to qualify for a short-term business loan from Fora Financial with a credit score of 500 or higher and at least six months in business. After your application is approved, you can receive financing in as little as 72 hours.
Fora Financial - Online term loan
Max loan
$1,400,000
Min. Credit score
500
Our pick for
Easy unsecured business loans
OnDeck offers fast financing and flexible qualification requirements — plus, they don't require physical collateral to secure your loan.
OnDeck - Line of credit
Max loan
$100,000
Min. Credit score
625
Apr range
29.90-65.90%
Minimum requirements for a loan
The Nerds are here to help you find the right loans for your business needs.
550 or higher
at least $50k
6 months or more
How Much Do You Need?
Flexible qualifications
Quick to fund
Simple applications
- Business financial statements, such as a profit and loss statement.
- Business and personal tax returns.
- Business and personal bank statements.
Issued by online lenders
Higher interest rates
- You can’t qualify for other types of financing. If you can’t qualify for a bank or SBA loan, an easy business loan from an online lender might be a good option. Although one of these loans will typically have higher interest rates than more traditional funding options, they can provide the capital you need to cover a variety of expenses. And, taking a loan and making timely payments will likely help you qualify for more competitive types of financing in the future.
- You need cash fast. Bank and SBA loans can take several weeks to fund, sometimes longer. If you need capital fast — to cover emergency expenses or to take advantage of a new business opportunity, for example — you might be willing to pay a little more for the speed of an easy business loan.
- You can qualify for a bank or SBA loan. In general, the best loan for your business is the one with the most competitive rates and terms. If you can qualify for a bank or SBA loan, these loans will likely be the most affordable option for your business.
- You can wait for financing. Although speed seems like a benefit of easy business loans, it often corresponds with higher interest rates. If your business doesn’t need capital immediately — and you can qualify and go through a longer application process — a bank or SBA loan will usually offer lower interest rates. Or, even if you can’t qualify for one of these loans just yet, you might be able to step back and improve your credit or increase your cash flow so that you can access more competitive rates and terms when you do apply for funding.
Understand your financing needs
- Determine what type of funding is best for you. Several factors can help you decide which financing option will meet your needs. You can think about how much capital you need and how you’re going to use it. You can also consider different types of business loans — business lines of credit, term loans, invoice factoring — and which might be the right fit.
- Calculate how much debt you can afford. Easy business loans will likely have higher interest rates and fees than other types of financing. You’ll want to review your business financials to make sure you can afford any potential debt before taking it on.
Do your research
- Check your qualifications. Review common underwriting criteria — time in business, credit score, annual revenue — so you have a sense of where your business stands before applying.
- Research several lenders and their requirements. Although easy business lenders typically don’t require physical collateral, you’ll likely have to sign a personal guarantee. The lender may also take out a general lien on your business assets.
- Avoid predatory lenders. Stay away from lenders that promise guaranteed approval or business loans with no credit check. Although there are many reputable online lenders on the market, predatory lenders tend to target small businesses that are having trouble qualifying for financing. If you think a loan offer seems too good to be true, it probably is.
Review your options carefully
- Compare multiple loan offers. You’ll want to make sure that you’re getting the best deal for your business, so consider factors like interest rates, repayment terms, fees and prepayment penalties.
- Read your business loan agreement thoroughly. It’s important to ensure that you understand the rates and repayment terms. Certain online lenders quote interest rates in different ways; while some use annual percentage rates, others may use simple interest rates. The best way to understand the total cost of your loan is to calculate any interest rate into an APR. You can ask your lender for clarification if you have any questions.