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Best Revenue Loans for Small-Business Financing

Steve NicastroNovember 21, 2019

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Strong revenue can help you qualify for a small-business loan. Here are online business loan options based on your annual sales.

Your quest for small-business financing will likely hinge on one critical factor: your business's annual revenue.

Yes, there are other considerations, including your credit history, business plan and reputation as an entrepreneur. But in the hunt for capital, chances are your small-business sales will determine the type and amount of financing you’ll be able to get.

Easily get real, personalized small business loan rates to compare — not just ranges or estimates.

It’s free and won’t affect your credit.

Get Started

on Lendio's website

Our pick for

Businesses with annual revenue less than $50,000

Fundbox - Line of credit

Fundbox - Line of credit

Est. APR

10.10 - 79.80%

Min. Credit Score

550

Pros

  • Cash can be available by the next day.
  • Low minimum credit score requirement.

Cons

  • Rates are high compared to traditional banks.

Qualifications

  • Minimum credit score: 550.
  • Minimum time in business: 3 months.
  • Minimum annual revenue: $50,000.
Read full review
Fundbox offers a business line of credit to fill a cash-flow gap, and qualifying is easier than with other lenders.

Our pick for

Businesses with annual revenue $50,000 or more

SmartBiz - SBA loan

SmartBiz - SBA loan

Est. APR

6.73 - 10.29%

Min. Credit Score

650

Pros

  • Competitive rates among online lenders.
  • Faster than getting an SBA loan from a bank.

Cons

  • Must have strong financials, supported by personal and business tax returns for the past 3 years.
  • Stringent rules on use of proceeds.
  • Requires business lien and personal guarantee.

Qualifications

  • Minimum credit score: 650.
  • Minimum time in business: 2 years.
  • Minimum annual revenue: $50,000.
  • No bankruptcies or foreclosures in the past 3 years.
Read full review
SmartBiz’s low-cost SBA loans work best for established businesses that want to finance an expansion or refinance debt.

Our picks for

Businesses with annual revenue $100,000 or more

BlueVine - Line of credit

BlueVine - Line of credit

Est. APR

15.00 - 78.00%

Min. Credit Score

650

Pros

  • Cash can be available within 12 to 24 hours.
  • Multiple products for different financing needs

Cons

  • Short repayment term results in higher payment amounts.
  • Requires personal guarantee.
  • Not available in North Dakota, South Dakota or Vermont.

Qualifications

  • 6-month line of credit
  • Minimum credit score: 650.
  • Minimum time in business: 36 months.
  • Minimum annual revenue: $100,000.
  • 12-month line of credit
  • Minimum credit score: 650.
  • Minimum time in business: 3 years.
  • Minimum annual revenue: $480,000.
Read full review
BlueVine's line of credit provides fast working capital for short-term borrowing needs.
OnDeck - Online term loan

OnDeck - Online term loan

Est. APR

9.00 - 99.00%

Min. Credit Score

600

Pros

  • Cash can be available within the same business day.
  • Requires low minimum credit score.
  • Less paperwork than most lenders.

Cons

  • Fixed-fee structure means early repayment will not save interest.
  • Requires frequent (daily or weekly) repayments.
  • Requires business lien and personal guarantee.

Qualifications

  • Minimum credit score: 600.
  • Minimum time in business: 3 years.
  • Minimum annual revenue: $250,000.
  • No bankruptcies in the past 2 years.
Read full review
OnDeck offers a fast term loan for small-business owners with less-than-stellar credit who want to expand.

Easily get real, personalized small business loan rates to compare — not just ranges or estimates.

It’s free and won’t affect your credit.

Get Started

on Lendio's website

Summary of Best Revenue Loans for Small-Business Financing

Why revenue matters with business financing

In most cases, revenue is a major criterion to qualify for a small-business loan. Each lender sets its own minimum annual revenue, which, in general, ranges from $25,000 to $150,000.

Banks typically have stringent criteria, including higher annual revenue requirements. If you don’t qualify for a traditional small-business loan or want financing fast, consider online revenue-based loans.

Your sales show the strength of your business. Steady and consistent sales, even if they’re not growing like gangbusters, show that you’re executing on your business plan. This demonstrates to would-be lenders that you know how to run a small business and makes it more likely that they’ll approve your loan application.

Some lenders give revenue more weight than a credit score. Your credit score can be important in applying for a small-business loan, but it’s not the determining factor. Many lenders will focus more on your sales, particularly those in the previous three months.

If your annual revenue is less than $50,000

Fundbox doesn’t have a minimum credit score requirement, but you will need at least $50,000 annual revenue and at least three months in business to qualify for its line of credit product. It’s a suitable option for short-term financing, as borrowings on the line of credit are repaid weekly up to 12 weeks.

If your annual revenue is $50,000 or more

SmartBiz's minimum annual revenue requirement is $50,000, but many of SmartBiz’s borrowers often report higher sales. The lender offers Small Business Administration loans, which are your best bet if you’re looking for the lowest-cost financing.

If your annual revenue is $100,000 or more

BlueVine offers a six-month line of credit of $5,000 to $200,000, as well as a 12-month line of credit for businesses with at least two years in business and $450,000 in annual revenue. While expensive, it can be a good option if you’re looking for quick access to cash for urgent business needs.

OnDeck has a line of credit of up to $100,000 with a minimum annual revenue requirement of $100,000. The lender’s term loan of $5,000 to $500,000 also has a minimum annual revenue requirement of $100,000.

Compare small-business loans

NerdWallet’s interactive small-business loans tool allows you to find financing that meets your goals. Sort by the age of your business, your credit score and the amount of money you need. Lenders were chosen based on factors including trustworthiness and user experience.

Last updated on November 21, 2019

To recap our selections...

NerdWallet's Best Revenue Loans for Small-Business Financing