Small Business Loans

Small business loans are a valuable resource for entrepreneurs seeking capital to support their business operations, expansion, or other financial needs. Whether you’re just starting out or looking to grow, these loans can provide the necessary funds. 

Here are some of the best options available :

1. OnDeck : 

• Short-term business loans with a maximum loan amount of $250,000.
• Minimum credit score requirement: 625.
• APR range: 35.40% to 99.90%.
• Term length: 2 years.

2. Bank of America :

• Offers bank small-business loans.
• Minimum credit score requirement: 700.
• Term length: Up to 5 years.

3. Wells Fargo:

• Provides bank lines of credit with a maximum amount of $150,000.
• Minimum credit score requirement: 680.
• APR range: 10.25% to 18.25%.

4. BlueVine :

• Known for fast business loans.
• Maximum loan amount: $250,000.
• Minimum credit score requirement: 625.
• APR range: 20.00% to 50.00%.
• Term length: 1 year.

5. Fundbox :

• Offers startup business loans.
• Maximum loan amount: $150,000.
• Minimum credit score requirement: 600.
• APR range: 36.00% to 99.00%.
• Term length: 6 months.

6.American Express Business Blueprint™ :

• Provides online lines of credit.
• Maximum credit line: $250,000.
• Minimum credit score requirement: 660.
• Term length: Up to 2 years.

7. Funding Circle :

• Specializes in long-term business loans.
• Maximum loan amount: $500,000.
• Minimum credit score requirement: 660.
• APR range: 15.22% to 45.00%.
• Term length: 7 years.

Remember to consider your business needs, credit score, and repayment terms when choosing the best small business loan. Each lender has specific eligibility criteria, so explore your options and find the financing that suits your business goals!

Categories: Business, Business loans, Capital, Financing, Loans, Small, Type