Business Loan Services

Learn about the top business loan services. Find out about the requirements you need for loan application and how much you can loan.

There is a massive growth of online lending industry over the years. These lending services have made it easier for small business owners to get funds they need to start their business.

But it is not always rainbows and butterflies for them because unfortunately, there is also an increase in small business loan scans in the world wide web. That is why it is important that you choose the legit business loan services out there. We made a list of the top business loan services that can help you fund your business. Check them out in this article.

What is a Business Loan?

A business loan is a way for business owners to access funds without giving up the control of their company. These loans are a type of debt financing, which means that the merchant takes on debt they repay in exchange to immediate funds.

There are different types of business loans available. There is a traditional installment loans, invoice financing and business line of credit. But you must choose the correct type of loan that your business needs.

Types of Loans:

1. Bank Loans – This is the most common type of loan. Banks offer different types of business financing like installment loans, line of credit, and equipment loans. Banks usually offer the best rates and fees, but it may be hard to get your application accepted.

2. Business Expansion Loans – These loans are used when you are planning to add more business locations. Most of the time, these are installment loans, but sometimes, lines of credit can also be used if you are not sure how the project will cost.

3. Online Loans – These loans are also called alternative loans (or marketplace loans). These kind of loans are usually offered by various non-bank lenders. Loans are offered online, and usually have fast approval time due to automation and technology.

There are individual online lenders who offer services like installment loans, line of credit, short-term loans, or any another loan types. But most of the time, they can offer funding within two weeks, or less.

Loan Eligibility Checklist

Here are the top factors that lenders will look for before deciding if you are eligible for a loan:

1. Time in business
2. Personal Credit Score
3. Business Revenue
4. Collateral

But always remember that each lender has different set of requirements in granting a loan.

We hope that you learned a lot about business loans in this article.

Top 10 Business Loans and Business Loans websites as ranked by people like you

The Community ranked the best Business Loans websites so that you can find what you need. Help improve the ranking by voting too.

Last updated: 2024-07-15

Rank

Provider

Description & Features

Site

1

179

Small Business Loans - Compare Loan Types and Start Your ...
Small Business Loans - Compare Loan Types and Start Your ...
Explore our small business financing options and find out how to use small business loans and credit to finance your business needs. Get more information about funding your business with a term loan, SBA loan, secured and unsecured lines of credit and more from Bank of America.

2

165

Small Business Loans: Compare Financing and Apply - NerdWallet
Small Business Loans: Compare Financing and Apply - NerdWallet
Small business loans can be critical to your success as a business owner. Traditional banks are no longer your only option. From SBA loans to business lines of credit to invoice-based financing ...

3

153

Loans - sba.gov
Loans - sba.gov
Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.

4

142

What Small Business Loans Are Best for You? | Fundera
What Small Business Loans Are Best for You? | Fundera
A business owner’s access to small business loans has changed a lot in the last 10 years. Traditional banks and credit unions aren’t the only lenders in the small business lending industry anymore, and loan types have diversified beyond just term loans and lines of credit.

5

131

Get a Small Business Loan Online from $5,000 to $500,000 ...
Get a Small Business Loan Online from $5,000 to $500,000 ...
*The lender transfers funds to your PayPal Business account as fast as the next business day if the lender has received the documents the lender asked for and approved the loan by 5:00 p.m. Eastern Time, Monday through Friday (excluding bank holidays). **In addition to the fixed fee (Total Interest Charge) for the loan, the only other cost is a $20 Returned Item Fee that is only assessed if a ...

6

122

Business Loans | GovLoans.gov
Business Loans | GovLoans.gov
7(a) loans are the most basic and most used type loan of the Small Business Administration's (SBA) business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the agency to provide business loans to American small businesses.

7

113

Kabbage
Kabbage
Need a small business loan to get the working capital you need? Learn why Kabbage is the simplest and fastest way to get up to $250,000 for your business.

8

104

Business Term Loans - Wells Fargo
Business Term Loans - Wells Fargo
Why a Business Platinum Credit Card? The Business Platinum Credit Card is a revolving credit option for everyday business expenses for businesses with annual sales up to $2 million and needing fewer than 100 cards.

9

97

Unsecured Business Loans & Financing from Bank of America
Unsecured Business Loans & Financing from Bank of America
Business line of credit and term loan interest rate discounts are available to business applicants and co-applicants who are enrolled in the program at the time of line of credit or term loan application for a new credit facility (excludes specialty lending products that receive customized pricing).

10

89

Small Business Loans Up To $250,000 | Kabbage INC
Small Business Loans Up To $250,000 | Kabbage INC
Industry-Specific Loans. At Kabbage, we are dedicated to supporting entrepreneurs and small business owners.If you are a business owner with industry-specific needs like bulk orders of food or modern medical equipment, obtaining an industry-specific loan can be the best way to ensure that you have the small business funding to thrive within your industry.

Business Loans videos considered

We analyzed 1,725 hours of the most informative Business Loans videos. These videos stood out the most:

Local Business Loans near you

VEDC

29-28 41st Ave, Ste 40

SOS Capital

1330 Ave Of The Americas, New York, NY 10019

First Republic Bank

443 Park Ave S, New York, NY 10016

OnDeck

1400 Broadway, Fl 25

Better

120 Broadway, Fl 5

efundex

147 W35th St, Ste 805

Business Finance Advance

1506 Kings Hwy, Brooklyn, NY 11229

CrossCountry Mortgage

37 N 15th St, Ste 108

Paid in Full Financial

99 Wall St, Ste 2610

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