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 unsecured 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 Unsecured business line 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 Fast unsecured business loan | $250,000 | 625 | with Fundera by NerdWallet |
OnDeck - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Unsecured business line of credit for bad credit borrowers | $100,000 | 625 | with Fundera by NerdWallet |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Unsecured term loan for bad credit borrowers | $1,400,000 | 500 | with Fundera by NerdWallet |
Fundbox - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Unsecured business loan for startups | $150,000 | 600 | with Fundera by NerdWallet |
Funding Circle - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Long-term unsecured business loan | $500,000 | 660 | with Fundera by NerdWallet |
OnDeck - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Short-term unsecured business loan | $250,000 | 625 | with Fundera by NerdWallet |
Here are 7 unsecured business loans
Best for Unsecured business line of credit
Best for Fast unsecured business loan
Best for Unsecured business line of credit for bad credit borrowers
Best for Unsecured term loan for bad credit borrowers
Best for Unsecured business loan for startups
Best for Long-term unsecured business loan
Best for Short-term unsecured business loan
Our pick for
Unsecured business line of credit
The American Express® Business Line of Credit is available to business owners with an average monthly revenue of at least $3,000.
American Express Business Blueprint™ - Line of credit
Max loan
$250,000
Min. Credit score
640
Our pick for
Fast unsecured business loan
Bluevine’s line of credit can fund in as little as 12 hours.
Bluevine - Line of credit
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
Our pick for
Unsecured business line of credit for bad credit borrowers
OnDeck is willing to work with borrowers who have credit scores as low as 625, though you may face high APRs.
OnDeck - Line of credit
Max loan
$100,000
Min. Credit score
625
Apr range
29.90-65.90%
Our pick for
Unsecured term loan for bad credit borrowers
Fora Financial has an even lower minimum credit score than OnDeck, and you can qualify with as little as six months in business.
Fora Financial - Online term loan
Max loan
$1,400,000
Min. Credit score
500
Our pick for
Unsecured business loan for startups
Fundbox makes loans to companies with just 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
Long-term unsecured business loan
Funding Circle offers loans with terms as long as seven years.
Funding Circle - Online term loan
Max loan
$500,000
Min. Credit score
660
Apr range
5.99-16.49%
Our pick for
Short-term unsecured business loan
You can use upfront cash from OnDeck's term loans to make large purchases, then pay the loan back over up to two years.
OnDeck - Online term loan
Max loan
$250,000
Min. Credit score
625
Apr range
29.90-97.30%
How Much Do You Need?
- Applications can usually be processed quickly.
- You can get financing even if your business doesn’t have many physical assets.
- They tend to have higher APRs than loans secured by collateral.
- You’ll probably have to provide a personal guarantee, which puts your personal assets on the line, or a business lien, which allows a lender to seize the assets your business does have.