Best business term loans for any small businesses in 2023.

Ready to apply for a loan? Lendio works with 75+ lenders to find the right option for your business. Click "Apply Now" to fill out our simple application.

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Applying is free and won't impact your credit1
A female small business owner uses a tablet and talks on the phone about her recent business loan, while managing her wood and lumber inventory.
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Loan Amount
$5k–$4 million
A graphic icon of a clock with two hands, representing time, efficiency, or speed.
Time to Fund
1–3 business days
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Loan Terms
6 months–12 years

The best business term loan options.

Lendio carefully selects the lenders in its marketplace and then works with you to find the best revenue-based financing for your unique situation. Read on for stats on each lender and what each lender is best at. Learn about our methodology for lender selection here.
Lender/Funder*
Min. Time in Business
Loan/Financing Amount
Min. Credit Score
Time to Funds
Funding Circle
2 years
$25,000–$750,000
660
As soon as 3 days
BHG Financial
12 years
Up to $500,000
660
As fast as 3 days
Avana Capital (Lend Thrive)
2 years
$25,000–$150,000
675
As fast as 24 hours
Camino Financial
18 months
$5,000 - $150,000
620
As fast as 2 days
Dreamspring
Any
$35,000–$250,000
600
As soon as 1 day
Fundation
1-3 years
$15,000–$250,000
680
1-3 days
Lighter Capital
12 months
Up to $4 million
None
As fast as a few days
Salaryo
2 years
$5,000-$500,000
680
Same-day funding

Funding Circle – Term loan

Funding amount
$25,000 - $750,000
Term
6 months - 7 years
Min Credit Score
660
Time to funding
As soon as 3 days
See loan options

BHG Financial – Term loan

Funding amount
Up to $500,000
Term
Up to 12 years
Min Credit Score
660
Time to funding
As soon as 3 days
See loan options

*BHG Financial Commercial Loans Disclosure

×
BHG Financial Commercial Loans Disclosure

‍

  • Not all solutions, loan amounts, rates or terms are available in all states.
  • Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile.
  • BHG Financial business loans typically range from $20,000 to $250,000; however, well-qualified borrowers may be eligible for business loans up to $500,000.
  • This is not a guaranteed offer of credit and is subject to credit approval.
  • For California Residents: BHG Financial loans made or arranged pursuant to a California Financing Law license - Number 603G493.

Avana Capital (Lend Thrive) – Term loan

Funding amount
$25,000 - $150,000
Term
5 years
Min Credit Score
675
Time to funding
As fast as 24 hours
See loan options

Camino Financial – Term loan

Funding amount
$5,000 - $150,000
Term
2-5 years
Min Credit Score
620
Time to funding
As fast as 2 days
See loan options

Dreamspring – Term loan

Funding amount
$35,000 - $250,000
Term
2-6 years
Min Credit Score
600
Time to funding
As fast as 1 day
See loan options

Fundation – Term loan

Funding amount
$15,000 - $250,000
Term
1-4 years
Min Credit Score
680
Time to funding
1-3 days
See loan options

Lighter Capital – Term loan

Funding amount
Up to $4 million
Term
Up to 3 years
Min Credit Score
None
Time to funding
As fast as a few days
See loan options

Salaryo – Term loan

Funding amount
$5,000 - $500,000
Term
6 months - 3 years
Min Credit Score
680
Time to funding
Same-day funding
See loan options

Minimum requirements for a term loan.

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Credit score
600+
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monthly revenue
$8K+
A stylized calendar icon inside a purple circle, representing a due date, schedule, or time frame.
time in business
1–3 years

How much can I qualify for?

Quickly estimate your funding options. Lendio's proprietary AI model analyzes recently funded deals to estimate offers tailored to your business profile.

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Congrats—it looks like you qualify.*

Based on your business information you could qualify for up to $ in funding.

Funding amount* Estimate

Up to $

*Amount is an estimate only using the information provided. Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
It looks like you don't qualify—yet.

Many businesses don't qualify for funding for all kinds of reasons. A few factors could include:

Not enough revenue
Not enough time in business
Credit score is too low

*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.

Four simple steps to funding.

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

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14+ years of serving small businesses.

Get the answers and the funding you need with support all along the way.

$16+ billion

in small business funding facilitated in the last decade.

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21,500 Trustpilot® reviews.
50% repeat customers.

400,000+

total small business loans funded in the last decade.

Stay informed with more loan resources.

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