Customer small business financing solutions delivered through a single, online application.
Loan Types
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Find the best funding options for your small business
Faster, easier small business financing with one simple application – customized to your business.
Compare loan offers from our network of 75 + lenders.
Apply in just 15 minutes & get funded as quickly as 24 hours.
Get personalized support throughout the funding process.
Whatever your business needs, there’s a small business loan for that.
Gain quick access to cash by selling your purchase orders or receivables so you can get back to business as usual.
Loan Amount
Tied to receivables
Speed of Funds
As soon as 24hrs
Interest Rate
as low as 3%
Get a revolving amount of funds to borrow from when you need to and pay back later.
$1k-500K
1-2 days
8%-60%
Cover just about every aspect of your small business. Some of the most common SBA loans are the 7(a), 504, and SBA Express.
up to $5M
1-3 months
Prime+
Use it to cover unexpected costs, survive a slump, finance a short-term project, or even capitalize on a new business opportunity.
$2.5k-500K
As Low as 8%
A term loan provides a lump sum that gets repaid in regular intervals over a set amount of time, also known as the loan term.
$5k-2M
As Low as 6%
A cash advance is a form of funding that offers businesses quick access to funds by borrowing against the money they will make. That borrowed money is then repaid through a fixed daily percentage.
$5k-1M
As Low as 18%
Use this loan to purchase any kind of equipment your business needs. There are financing options for nearly every industry and any variety of items you need.
5k-5M
As Low as 7.5%
Use it to buy, build, expand, remodel, or even refinance your business.
$5k-5M+
As Low as 4.5%
Invest in your own business. Instead of giving up equity to investors, a startup loan maintains your equity while accessing the working capital your startup needs to grow.
Up to $150k
2-4 weeks
Up to 31%
Purchase an existing business or franchise, and take advantage of business opportunities even if you don’t have the capital to purchase it outright.
$5k-5M
As soon as 30 days
As Low as 8.5%
A business credit card helps you track expenses, build a strong business credit history, and increase your working capital so you can reap the literal rewards.
Up to $150K
Sure, you can go the bank route with a long application process and 75% rejection rate. But if you’re looking for financing in this lifetime, Lendio offers a faster, easier application process.
It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.
We pair you with loan options from our network of 75+ lenders. Our dedicated funding managers can help you weigh the pros and cons of each option.
Once you’re approved, you’ll be able to access your capital in as little as 24 hours.
Qualifications for being given funding will vary by loan product and lender.
CREDIT SCORE
Credit score requirements will vary by financing type and lender. While some options are available for scores in the 500s a minimum credit score of 600 will make it easier to qualify for a loan.
TIME IN BUSINESS
While some lenders may allow for 3 months and others may require 1-2 years, six months is a good rule of thumb to follow to improve your chances of qualifying for funding.
MONTHLY REVENUE
Lenders will want to see a minimum threshold of monthly revenue. Like the other requirements, the exact minimum will vary by lender and loan type.
When applying for a small business loan, you’ll need to have some materials at the ready to provide alongside your application. Those materials will differ depending on the specific type of loan you’re applying for and on the lender. Ultimately, you’ll need to provide whatever the lender requires from you.
Been rejected in the past? We stand up for the underserved helping thousands of minority-owned businesses get the financial resources they need to grow their businesses.
Lendio proudly works with veteran business owners. Learn more about how we’ve worked with veterans and the funding resource available to you.
Women-owned businesses apply for financing at similar rates to businesses owned by men but are less likely to receive the full amount they sought. We’re working to provide a better financing experience with speed, options, and trust.
Studies show that financing applications submitted by minority-owned businesses are 3 times more likely to get rejected. We’re making business financing accessible to historically disenfranchised business owners.
We reviewed hundreds of lenders to narrow down the best options and to find the best funding/financing type for different kinds of small businesses. Each small business has its own specific needs—not to mention each one has a unique history and factors that can make certain types of funding more accessible than others. So, no matter what type of funding you need, from equipment financing to a line of credit, we’ve got top picks for you.
Learn about our lender methodology selection here.
APR range
Starting at 4.9% for 6-month repayment schedule
Funding amount
Up to $250,000
Term
6 or 12 months
Min. credit score
625
Time to funding
As fast as 24 hours after approval
Bluevine’s line of credit is ideal because your approval is revolving and, as you pay down what you’ve drawn, you’re able to access those funds repeatedly. This means you could have the funds you need to really get your business started. Plus, the requirement is just 6 months in business, making it more accessible to newer businesses than some other funding products.
Pros:
Cons:
Daily interest rate minimum of 0.0658%
$10,000-$250,000
Up to 18 months
650
Another option you have for a line of credit is Idea Financial. This financer requires that business owners looking for financing have a minimum of two years in business under their belt and at least $15,000 in revenue each month. They also will not lend to sole-proprietors or non-profits, so those business entities in those categories must look elsewhere for their financing.
Starting at 40% annually
$5,000-$100,000
12, 18, 24 months
620
Headway Capital offers a true revolving line of credit. Their monthly payments and ongoing access to capital make it a great product for those who want to be able to access funds at any time. With their fast and easy application and funding process you can have funds in your account within one business day.
See the full list of best lines of credit
11.29% to 30.12%
$25,000 to $500,000
6 months to 7 years
660
As fast as 3 days after approval
For a term loan, consider applying with Funding Circle. The lender offers large loan amounts up to $500,000. However, their required 660 minimum credit score makes it more difficult to qualify for than some other online lenders might be.
5-year loan rates starting at 7.99%
$50,000 to $500,000
1 to 5 years
720
For a term loan, one contender is Credibility Capital. Offering up to $500,000, this financing can help you with most any business need. Collateral may be required for some loans. However, the equal monthly payments over the loan term can make it easier to keep up with loan payments.
Origination fee 3.49% to 6.99%
Rates starting at 7.99%
Up to 12 years
Approval in as little as 24 hours, funding in as little as 3 days
If you’re looking for a much longer-term loan, Bankers Healthcare Group, also called BHG, can offer businesses loans with up to 12-year terms. Plus, the rates begin at 7.99%, which is pretty good for an online lender. The credit score requirement is just 660, making this an accessible, long-term financing option.
3% origination fee
See the full list of best term loans
Current prime rate + lender rate
Up to $5 million
7 to 25 years
5 to 10 days SBA turnaround
As far as SBA loans go, the SBA 7(a) is one of the most flexible. It allows businesses to use the funds in a number of ways and has a great interest rate. Cadence Bank is an SBA lender and can help you get Small Business Administration-backed loans for your business.
Up to $350,000
30 to 60 days SBA turnaround
For an SBA (7)a loan, you’ve got BayFirst as an option for financing. CreditBench, which is part of BayFirst, offers these loans backed by the SBA. While they offer up to $350,000, they can still be a fantastic option for small business owners that meet the SBA requirements.
$10,000 to $5 million
640
For a large, SBA-backed loan, look to Ready Capital. They offer loans up to the standard $5 million for business owners looking for cash for their business. But they do have some fees to look out for when comparing your options.
See the full list of best SBA lenders
Up to $500,000
4, 36, 48, or 60 months
As soon as same day
Balboa Capital offers customers up to $500,000 in equipment financing, which might not be enough for some business owners, but could be a good fit for others. They do require some form of collateral for all of their financing options, but if you use them for financing equipment of less than $350,000, you’ll need only soft collateral.
Pros
Cons
Up to $20,000
24-60 months
520
If you need a new piece of equipment, then equipment financing is a fantastic way to finance that. You can go with a company like ClickLease to help you buy the item you need and pay it back over time. ClickLease has flexible terms and rates for a variety of business owners.
One-time documentation fee
See the full list of best equipment financing companies
$5,000 to $250,000
6 to 36 months
575
As little as 24 hours, once approved
A business cash advance from Kapitus can help you get the funds you need to keep your business going. They can offer up to $750,000—a good amount of money for businesses in the market. They’re also a good option for businesses with lower credit scores because they look for a score of only 575 or higher.
$5,000-$250,000
6-18 months
600
As fast as same day after approval
If you’re looking for a cash advance or a line of credit to help cover costs for your business for a short amount of time, OnDeck’s product might be right for you. They can offer fast funding with no prepayment fees, but beware that missing any repayments can hurt your credit score.
2.5% on 1st loan, 1.25% on 2nd loan, 0% on 3rd loan and thereafter
See the full list of best cash advance
Factor rate
Varies
$50,000 to $50 million
30-180+ days
N/A
As little as one day
For businesses looking to pass their unpaid invoices off to another company to collect on, Raistone Capital could be the solution. This allows your working relationship with your customers to stay the same, while essentially getting paid earlier through Raistone, at a discounted rate.
1% Facility Fee
Factor Rate
$50,000 to $10 million
30 days
None, based on your accounts receivable
Gillman-Bagley offers invoice factoring, meaning you could sell them your unpaid invoices and they would pay a percentage of what those are worth. In this scenario, collection is then out of your hands, and Gillman-Bagley goes on to handle the collection of those invoices. Your customers know another company was working to get your invoices paid. Result: you accelerate your cash flow and spend less time and resources tracking down clients for payment.
No term, they take on your invoices
None, based on invoices
As little as 48 hours after approval
Invoice factoring allows you to sell your outstanding invoices to a company for a lump sum of cash. They, of course, take a percent of those invoices, but then they handle the collection. Eagle Business Funding can do exactly that for your business if you decide to pass your invoices along to a third party.
No additional fees
See the full list of best invoice factoring companies
Wondering how we chose the best? We used the following criteria to evaluate the lenders in our network.
Calculate your estimated monthly payment
Learn more about how to get a business loan.
Learn more about each individual lender.
Small business loans are a category of loans and financial products a lender might provide to a small business.
The difference between unsecured and secured loans comes down to one thing: collateral. Secured loans are backed by collateral while unsecured loans are not. Understanding the pros and cons of each can help you narrow down which small business loan type is right for you.
Business loans are taken out by small business owners either through banks or online lenders. Amounts and loan requirements can vary quite significantly. The business owner will repay the loan over a set period of time along with any associated interest and fees.
There are many different types of business loans. A term loan will likely be the most familiar; the business owner borrows a set amount and pays it back over a set period with interest. Other forms of financing, such as a business cash advance or invoice factoring, borrow against future earnings or unpaid invoices. A line of credit gives you access to a sum of money that you can draw from as needed.
It is possible to get certain types of business financing with a lower credit score. Some business cash advance lenders, for example, will allow for a minimum credit score in the 500s. Just know that with a lower credit score, lenders will typically look for a longer time in business and higher monthly revenue.
There are a number of reasons your loan may be denied. Your funding manager will work with you to identify loans you are best qualified for through our network of 75+ lenders. Should you be unable to find a match, Lendio has accounting software tools that can help you improve the financial health of your business and guidance on how to boost your credit score.
*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (July 26, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.
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