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250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small business and personal finance.
50+ categories of the best business loan selections.
Objective and comprehensive business loans ratings rubric. (
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Every time.
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✅ Fact-checked and reviewed
NerdWallet's content is fact-checked for accuracy, timeliness, and relevance by humans. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible. Learn more by checking our Editorial Guidelines.
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small business and personal finance.
50+ categories of the best business loan selections.
Objective and comprehensive business loans ratings rubric. (
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .
| Lender | NerdWallet rating | Best For | Max loan amount | Min. time in business | Min. interest rate | Term length | Learn more |
|---|---|---|---|---|---|---|---|
 with Fundera by NerdWallet | Read expert review | Best for quick approval | $250,000 | 12 months | 14% | Up to 6 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for borrowers with bad credit | $1,500,000 | 6 months | Undisclosed | 4 to 18 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for new businesses | $250,000 | 3 months | 36% | 3 to 6 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Best for merchant cash advance | $300,000 | 6 months | Undisclosed | Undisclosed | with Fundera by NerdWallet | |
 with Fundera by NerdWallet | Read expert review | Best for women and minority groups | $350,000 | 12 months | 8.49% | 12 months to 5 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for short-term loans | $250,000 | 12 months | 31.3% | 18 to 24 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for working capital | $100,000 | 6 months | 35% | 12 to 24 months | with Fundera by NerdWallet |
Bluevine’s streamlined online application may take just minutes to complete and applicants may be approved for funding within the same day. It has fairly flexible qualification requirements: you may be able to qualify with just a year in business and $10,000 in monthly revenue.
Bluevine - Line of credit
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
Fora Financial offers online term loans up to $1.5 million to small-business owners across a variety of industries and for various purposes. You may be able to qualify for a short-term business loan from Fora Financial with a credit score of just 570 and at least six months in business. After your application is approved, you can receive financing in as little as 24 hours.
Fora Financial - Online term loan
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
Fundbox’s line of credit provides startups and established businesses up to $150,000 to cover everyday expenses. New business owners may be able to qualify after just three months in business.
Fundbox - Line of credit
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
You may be able to qualify for an Expansion Capital MCA with only a 500 credit score and six months in business. Funding amounts go up to $300,000, and you can get discounts if you pay the advance off early. Expansion Capital’s merchant cash advance may make sense for your business if you have consistent sales but limited financing options. That’s because merchant cash advances are expensive compared to other types of business loans.
Expansion Capital Group - Merchant cash advance
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
Nonprofit Accion Opportunity Fund’s working capital loan offers relatively low interest rates and easy qualification criteria. You may be able to qualify for a loan with just 12 months in business and a minimum credit score of 600. Accion says 90% of its borrowers are women, people of color, and/or low-to-moderate income. The lender also provides free business coaching and other resources to help you grow your business.
Accion Opportunity Fund Small Business Working Capital Loan
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
OnDeck’s online term loan provides business owners access to up to $250,000. Loans must be repaid within two years, making it a good choice for small-business owners trying to cover short-term needs. You may be able to get funding as fast as the same day your loan is finalized, and may qualify with a minimum of a year in business and a credit score of 625. Additionally, OnDeck won’t charge a prepayment penalty for paying the loan off early.
OnDeck - Online term loan
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
Headway Capital’s line of credit gives small-business owners access of up to $100,000, with a maximum repayment term of two years. You can use borrowed funds to address a variety of business needs and may be able to receive funding within one day after your application is approved. You can also choose between weekly or monthly payments.
Headway Capital - Line of credit
with Fundera by NerdWallet
Pros
Cons
Pros
Cons
with Fundera by NerdWallet
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💬 From a lending expert: Does your business need fast funding?
If your business needs funding fast, look no further. Our in-house team of experts has streamlined the business funding process, securing funds in as little as one day, sometimes even on the same day as a submitted application.
We work with a trusted network of lenders to connect you with the best rates and flexible terms, and we do it fast. Get started today.
with Fundera by Nerdwallet
— Mike Ross, NerdWallet Business Loans Team Lead
| Credit score | 500 or higher. |
| Time in business | Three to 12 months. |
| Annual revenue | $30,000 or more. |
| Collateral | None, though you'll likely have to sign a personal guarantee or have a |
| Application process | May be able to apply in minutes. |
| Paperwork | Business financial statements, business and personal tax returns, and business and personal bank statements may be required. |
Learn more about
How Fundera by NerdWallet works
Fill out one simple application
Answer a 3-minute questionnaire about your business to get personalized lending options. It’s free and won’t impact your credit score.
See your business loan options
Compare interest rates and repayment terms to choose the best product for your needs.
Get your loan
If the lender approves you, you’ll sign closing documents in order to receive funds. Some lenders can approve and fund loans within one business day.
