Best Online Business Loans of January 2026
Compare online business loans and apply in minutes with Fundera by NerdWallet.
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| 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 | startups | $250,000 | 3 months | 36% | 3 months to 2 years and 2 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | overall flexibility | $500,000 | 12 months | 18% | Up to 18 months | with Fundera by NerdWallet | |
 with Fundera by NerdWallet | Read expert review | same-day funding | $200,000 | 12 months | 14% | 6 to 12 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | long repayment terms | $500,000 | 24 months | 22.45% | 6 months to 5 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | equipment financing | $150,000 | 6 months | Undisclosed | 24 months to 5 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | fast line of credit draws | $200,000 | 12 months | 39% | 12 to 24 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | borrowers who have bad credit | $1,500,000 | 6 months | Undisclosed | 4 to 24 months | with Fundera by NerdWallet |
best online business loans: More details
Fundbox: Best for startups
Fundbox accepts applications from businesses with as little as three months in business and low monthly revenue requirements, making it a good option for those that are just getting up and running.
May fund quickly
Fundbox - Line of credit
with Fundera by NerdWallet
Max loan amount
$250,000
Min. credit score
600
Term length
3 months to 2 years and 2 months
Pros
- Financing available within two business days after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Weekly repayments required.
Pros
- Financing available within two business days after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Weekly repayments required.
with Fundera by NerdWallet
Fundomate: Best for overall flexibility
Fundomate provides flexible financing options for business owners seeking fast access to cash to expand their business, lease equipment, cover advertising costs and more. Borrowers have the choice to repay their loan daily, weekly or biweekly.
Fundomate- Business funding
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
600
Term length
Up to 18 months
Pros
- Cash can be available in as little as 24 hours.
- Can get a discount for prepaying your loan.
Cons
- Rates can be high compared with traditional banks.
- May have to pay an origination fee.
Pros
- Cash can be available in as little as 24 hours.
- Can get a discount for prepaying your loan.
Cons
- Rates can be high compared with traditional banks.
- May have to pay an origination fee.
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Bluevine: Best for same-day funding
After approval, you can access funds instantly with a Bluevine Business Checking account, or get same-day funding via paid bank wire.
May fund quickly
Bluevine - Line of credit
with Fundera by NerdWallet
Max loan amount
$200,000
Min. credit score
625
Term length
6 to 12 months
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
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iBusiness Funding: Best for long repayment terms
iBusiness Funding’s business loans can have terms up to five years, with lower interest rates than many other online lenders, making it an ideal option for financing larger purchases over a long period of time.
May fund quickly
iBusiness Funding - Online term loan
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
660
Term length
6 months to 5 years
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to five years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to five years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
with Fundera by NerdWallet
National Funding: Best for equipment financing
National Funding’s equipment loan allows business owners to borrow up to $150,000 to buy new or pre-owned equipment, including vehicles, medical equipment, technology and office furniture.
National Funding - Equipment financing
with Fundera by NerdWallet
Max loan amount
$150,000
Min. credit score
600
Term length
24 months to 5 years
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Can't be used to built business credit.
- Charges an origination fee.s a factor rate that makes it more difficult to compare costs with other lenders.
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Can't be used to built business credit.
- Charges an origination fee.s a factor rate that makes it more difficult to compare costs with other lenders.
with Fundera by NerdWallet
OnDeck: Best for fast line of credit draws
OnDeck offers a line of credit of up to $200,000 that can be approved and funded within four business days. Subsequent draws between $1,000 and $10,000 can be funded instantly via a debit card.
May fund quickly
OnDeck - Line of credit
with Fundera by NerdWallet
Max loan amount
$200,000
Min. credit score
625
Term length
12 to 24 months
Pros
- Fast access to working capital.
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Not available in North Dakota.
- May require frequent weekly payments.
- Interest rates can be high compared with traditional lenders.
Pros
- Fast access to working capital.
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Not available in North Dakota.
- May require frequent weekly payments.
- Interest rates can be high compared with traditional lenders.
with Fundera by NerdWallet
Fora Financial: Best for borrowers who have bad credit
Fora Financial can be a good option for borrowers with poor personal credit. It has a minimum credit score requirement of 570 — lower than any other lender on our list — and only performs a soft credit pull when you apply, so your score won’t be affected if you’re not approved.
Fora Financial - Online term loan
with Fundera by NerdWallet
Max loan amount
$1,500,000
Min. credit score
570
Term length
4 to 24 months
Pros
- Cash can be available quickly.
- Get a discount for prepaying.
- No collateral required.
- Low minimum credit score requirement.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Can’t build business credit.
- Longest loan term is 24 months.
- Charges an origination fee.
Pros
- Cash can be available quickly.
- Get a discount for prepaying.
- No collateral required.
- Low minimum credit score requirement.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Can’t build business credit.
- Longest loan term is 24 months.
- Charges an origination fee.
with Fundera by NerdWallet
What is an online business loan?
An online business loan is a type of business financing — such as a term loan or line of credit —
offered by a nonbank or alternative lender. Unlike banks or credit unions, which may require in-person visits, online lenders typically let you apply, get approved and receive funds entirely online.
Because the process is digital, online business loans are usually fast to fund and have more flexible qualification requirements than traditional loans. Some online business lenders also work with startups or borrowers with bad credit.
Speed and flexibility come at a cost, however. Online business loans tend to have higher interest rates than bank or U.S. Small Business Administration (SBA) loans. Annual percentage rates (APRs) for online loans typically range from 6% to 99%.
Many online lenders don’t require collateral — assets like real estate, equipment or unpaid invoices that a lender can seize if you don’t repay the loan. However, offering collateral may help you qualify for lower interest rates or better terms, such as a longer repayment period.
Frequently asked questions
Online business loans are a safe and legitimate way to fund your business. These loans can be good options if you need fast access to cash or if you don’t qualify for other types of business loans.
However, predatory lenders do exist online and may try to take advantage of small businesses.
Watch for these red flags: lenders that guarantee approval, require an upfront fee or don’t have a physical address.
Some online business lenders can approve applications within minutes and provide funding within 24 hours. Ultimately, funding speed varies by lender, but many online lenders issue loans within a few days.
Many online business lenders don’t require physical collateral to secure your loan. Your lender may take out a blanket lien on your business assets, however. This means that if you don’t repay your loan, the lender may take possession of business assets, like inventory, accounts receivable or real estate, to recover its losses.
You’ll also likely need to sign a personal guarantee, which holds you personally responsible for repaying the loan with your own assets if your business fails.
While collateral may not be required for an online business loan, offering it may help you qualify for better interest rates and repayment terms.
An online business loan can be a good option for businesses with low credit scores. Online lenders generally have more flexible qualification requirements than traditional banks. For example, Fora Financial, one of the lenders on our list, requires a minimum credit score of 570.
Consider these other financing options based on your needs and qualifications:
- If you want the lowest rates and best terms: Business bank loans.
- If you can’t get a bank loan: SBA loans.
- If you’re a new business or have bad credit: SBA microloans.
- If you need to cover everyday expenses: Business credit cards.
Last updated on January 5, 2026
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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.
Methodology
NerdWallet’s review process evaluates and rates small-business loan products from online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer small-business friendly features, including:
- Transparency of rates and terms.
- Flexible payment options.
- Fast funding times.
- Accessible customer service.
- Reporting of payments to business credit bureaus.
- Responsible lending practices.
We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans and our editorial guidelines.
