Small Business Loans
Small Business Loans
A business loan provides a lump sum repaid over time with interest. Lower rates, larger amounts, and longer terms than credit cards — better for significant investments like equipment or expansion.
Qualification requires time in business (typically 1-2 years), a minimum credit score (620-680+), and revenue that supports the payment.
Types of Small Business Loans
SBA 7(a) loans. Government-backed, lower rates, longer terms, up to $5 million. Best terms available — thorough application process.
SBA microloans. Up to $50,000 through nonprofit intermediaries. Designed for startups and underserved businesses.
Term loans. Fixed amount, fixed rate, fixed repayment. Predictable and straightforward from banks, credit unions, and online lenders.
Business lines of credit. Revolving credit drawn as needed. Better for managing cash flow than one-time purchases.
Lendio
Compare offers from 75+ lenders in one application
- SBA and conventional loans
- $500 to $5M+ available
- Free to apply
- Dedicated funding manager
Bluevine
Fast lines of credit for established businesses
- Lines of credit up to $250K
- Same-day decisions
- No prepayment penalties
- Minimum 625 credit score
SmartBiz
SBA loan specialist with streamlined application
- SBA 7(a) loans up to $500K
- Rates from 10.5%
- Terms up to 10 years
- Dedicated SBA advisors
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