Lender | Best for | Max loan amount▼ | Min. credit score▼ | APR range | Max term length▼ |
---|---|---|---|---|---|
U.S. Small Business Administration | SBA loans | $5,000,000 | 650 | 11.50-15.00% | 25 years |
Bank of America 5.0/5.0 | Bank small-business loans | See review | 700 | See review | 5 years |
Wells Fargo 5.0/5.0 | Bank lines of credit | $150,000 | 680 | 10.25-18.25% | See review |
Bluevine 5.0/5.0 | Fast business loans | $250,000 | 625 | 20.00-50.00% | 1 year |
Fundbox 5.0/5.0 | Startup business loans | $150,000 | 600 | 36.00-99.00% | 6 months |
American Express Business Blueprint™ 5.0/5.0 | Online lines of credit | $250,000 | 660 | See review | 2 years |
OnDeck 5.0/5.0 | Short-term business loans | $250,000 | 625 | 35.40-99.90% | 2 years |
Funding Circle 4.5/5.0 | Long-term business loans | $500,000 | 660 | 15.22-45.00% | 7 years |
Fora Financial 4.5/5.0 | Business loans for bad credit | $1,500,000 | 500 | See review | 1 year and 3 months |
AltLINE 4.5/5.0 | Invoice factoring | $10,000,000 | 300 | See review | See review |
National Funding 4.0/5.0 | Unsecured business loans | $500,000 | 600 | See review | 2 years |
Triton Capital 4.0/5.0 | Equipment financing | $250,000 | 575 | 5.99-34.99% | 5 years |
Accion 4.0/5.0 | Women and minority groups | $250,000 | 570 | 8.49-29.67% | 5 years |
U.S. Small Business Administration | Microloans | $50,000 | 620 | 8.00-13.00% | 7 years |
U.S. Small Business Administration | Commercial real estate loans | $5,000,000 | 680 | 5.00-7.00% | 25 years |
PNC Bank 3.5/5.0 | Business auto loans | $250,000 | 700 | See review | 6 years |
Best for SBA loans
Max Loan
$5,000,000
Min. Credit Score
650
APR Range
11.50-15.00%
Max Term Length
25 years
Best for Bank small-business loans
Best for Bank lines of credit
Best for Fast business loans
Best for Startup business loans
Best for Online lines of credit
Max Loan
$250,000
Min. Credit Score
660
Max Term Length
2 years
Best for Short-term business loans
Best for Long-term business loans
Max Loan
$500,000
Min. Credit Score
660
APR Range
15.22-45.00%
Max Term Length
7 years
Best for Business loans for bad credit
Best for Invoice factoring
Best for Unsecured business loans
Best for Equipment financing
Max Loan
$250,000
Min. Credit Score
575
APR Range
5.99-34.99%
Max Term Length
5 years
Best for Women and minority groups
Best for Microloans
Max Loan
$50,000
Min. Credit Score
620
APR Range
8.00-13.00%
Max Term Length
7 years
Best for Commercial real estate loans
Max Loan
$5,000,000
Min. Credit Score
680
APR Range
5.00-7.00%
Max Term Length
25 years
Best for Business auto loans
Best for
SBA loans
SBA loans offer favorable rates and terms and can be used for a variety of large and long-term funding purposes. These government-guaranteed loans are best for businesses that don’t meet bank eligibility criteria, but still have good credit and strong finances.
» MORE: NerdWallet’s guide to SBA loans
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
Best for
Bank small-business loans
Banks typically offer small-business loans with the lowest interest rates and most competitive terms. These products are well-suited for established businesses with collateral and strong credit.
Bank of America Business Advantage Unsecured Term Loan
Max loan
Undisclosed
Min. Credit score
700
Best for
Bank lines of credit
A bank line of credit offers greater flexibility than a business term loan — allowing you to tap into a credit line and pay interest on only the portion of money you borrow. Bank credit lines are a good source of affordable working capital for established businesses.
Wells Fargo BusinessLine® Line of Credit
Max loan
$150,000
Min. Credit score
680
Apr range
10.25-18.25%
Best for
Fast business loans
Online lenders typically offer simple applications and a streamlined underwriting process. Some companies can provide financing in as quickly as 24 hours — and most fund applications within a few business days.
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
Best for
Startup business loans
Some online lenders offer business loans for startups with one year or less in operation. You’ll typically need at least six months in business to qualify.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Best for
Online lines of credit
Online business lines of credit are best for fast access to working capital, especially for newer businesses or those with less-than-perfect credit histories.