Do you want to expand your business or need a lump sum of cash to restart cash flow? Best small business loan lenders can help you fulfill your business financing needs. Small business loans have become an integral part of businesses and startups.

From covering payroll to the costs of inventory, small business loan lenders provide access to a small fund for the growth of the business while lenders wait for the borrowers to pay back the amount.

But it often becomes difficult to choose the right option based on the requirements, therefore, we’ve chosen some of the best small business loan providers to support you with a variety of needs, keep you operational and continue growing your business for years to come.

There are online lenders available today to offer small business loans. Among many online lenders, you’ll find the best ones which can offer you the most convenient funding and application processes at competitive fees and the best loan terms.

Best Small Business Loans

Here are the top picks for the best small business loans with cash flow issues, business expansion, debt consolidation, bank financing, and other business financial needs.

Kabbage (Best Overall)

Kabbage funding is launched by American Express in December 2021. Kabbage provides a plethora of small business options and added features and benefits.

With the repayment terms which range from six to 18 months, business owners can have access to lines of credit between $1,000 and $150,000. On the other hand, it also provides you with online loans in amounts from $500 to $150,000. Also, it comes with a package of tools including a business checking account and mobile app.

is highly rated as the best business finance lender because of its fast funding and flexible payment options. You can apply for loans with industry-specific needs such as trucking, pawnshops, retail, and more. There are no hidden fees or prepayment penalties on financing with Kabbage.

However, you’ll be required to pay a monthly fee based on your eligibility. Six-month term lines of credit charge fees range from 0.25% to 3.50%; 12 months term charge is 2.75%, and the 18-month terms charge goes up to 2.50%.


  • No minimum annual revenue requirements
  • Backed by American Express
  • No prepayment penalty


  • Monthly fees on unpaid balances
  • Requires personal guarantee

Kabbage Features:

Types of loans: Lines of credit and business term loans

Rates: Six-month term lines of credit charge fees between 0.25% to 3.50%; 12-month terms charge fees of 2.75%; and 18-month terms charge fees of 2.50%.

Min Credit score: 6 months to 18 months

Max Loan Amount: Up to $150,000 for term loans and lines of credit both.

Fees: Pay monthly fees without prepayment penalties.

OnDeck (Best for Same-Day Funding)

Founded in 2006, OnDeck is one of the leading small business loan lenders, offering both term loans and lines of credit.

OnDeck has extended $14 billion in funding with a term loan offering between $5,000 and $250,000 at 24 months of repayments terms and with a line of credit between $6,000 to $100,000 at 12 months of repayment terms.

We chose OnDeck because of its fast-funding service as soon as the same business day by having an easy online application process and rapid approval. Thus, small business owners who need fast access to cash can be highly benefited from OnDeck.

What’s more, OnDeck keeps transparent pricing and no prepayment penalties. The company has listed some basic requirements to qualify for a business loan like you must have a minimum 600 personal credit score for a long-term loan, your business should be at present for at least one year and you need to have at least $100,000 in annual business revenue to qualify.


  • Same-day funding with no additional charges
  • No prepayment penalties for qualifying businesses
  •  Pay 50% and get loyalty benefits of your loan
  • Prepayment Benefit allows you to waive remaining interest payments


  • Higher interest rates on loans with a prepayment Benefit option
  • Same-day funding only available in certain states and for loans of up to $100k
  • Requires a business lien and personal guarantee
  • Businesses in Nevada, North Dakota, or South Dakota can’t lend.

OnDeck Features:

Types of loans: Short term loans and lines of credit

Rates: Starts at 35% APR, but the average is 54.95% APR

Terms: Up to 36 months for term loans and 12 months for lines of credit

Min. credit score: 600

Max. loan amount: $500,000 for term loans and $100,000 for lines of credit

Fees: Monthly maintenance fee on lines of credit. No opening, closing, or prepayment fees.

Fundbox (Best for Cash Flow Predictions)

Fundbox is an AI-powered small business loan lenders with fast fund lending services within the next business day. It speeds up the funding process and decision-making to offer businesses finance. Fundbox provides two business finance options i.e., term loan and business lines of credit.

In term loans, you can get funded up to $150,000 with repayment terms of 24 or 52 weeks at no origination fee and no prepayment penalty. Business owners can apply for business revolving lines of credit up to $150,000 with repayment terms of 12 or 24 weeks at no origination fee and prepayment penalty. Upon further borrowing, your lines of credit will be available to borrow after repaying the previous one.

Fundbox requires low borrower requirements which makes it the best option to seek funding for small businesses. In order to qualify for the loan, you’ll need to have at least six months of presence in business, minimum 600 credit score, and at least $100,000 in annual revenue.

What’s more, Fundbox comes with an Advanced Insights and Prediction Program to help borrowers and businesses get insights on balances and cash flow predictions. You can connect multiple bank accounts.

It can allow you to make more informed decisions using its cash flow predictions based on historical transactions. It also alerts when Fundbox predicts that a borrower’s cash flow is falling below the set threshold.

So, if you are in need to keep your cash balance across different accounts, get customized predictions and alerts with Fundbox in one place.


  • Requires Low credit score
  • Two types of financing: Term Loans and Lines of credit are available
  • Funds can be payout quickly


  • Rates can be Expensive
  • No long-term financing options are available

Fundbox Features:

Types of loans: Lines of credit and short-term loans

Rates: Starting at 4.66%–8.99% for lines of credit and 8.33%–18% for term loans

Terms: 12 or 24 weeks for lines of credit, 24 or 52 weeks for term loans

Min. credit score: 600

Max. loan amount: Up to $150,000 for lines of credit and term loans

Fundera (Best for SBA Loans)

We chose Fundera as the best small business loan lenders Administration (SBA) loans such as SBA 7(a) loan program. Being a marketplace, Fundera can help you choose a range of small business financing options from various lenders including SBA loans, terms loans, invoice financing, merchant cash advances, startup loans, and more.

It allows you to apply for an SBA loan and get funded by a variety of top SBA lenders. Fundera has become a great marketplace for consumers who wants to qualify for an SBA loan. Simply just fill out a single application and compare multiple SBA loans in one place.

Thus, it becomes easy for businesses to connect with the best small business loans and lines of credit on the market with flexible repayment terms and affordable interest rates.

Having a variety of options available to the borrowers, Fundera can help with various lenders who can accept applicants with credit scores as low as 500. Applicants can be able to repay the loan over a period of up to 25 years.

While it is more transparent than other similar marketplaces, Fundera doesn’t stand out in either providing additional benefits for customers or selecting loan types.

However, it comes with excellent customer service, a range of financing products, and options for new startups or low credit borrowers. As a small startup business, you can get funds for equipment financing and receive up to 100% cost of your equipment with five to six years of repayment terms.


  • Transparency regarding rates and qualification requirements
  • Many loan options to select and choose from
  • Vast resource library


  • No specific information about fees

Fundera Features:

Types of Loans: SBA Loans, Business Lines of Credit, Term Loans, Startup Business Loans, Equipment Financing, and Invoice Financing

Min Credit Score: 500

BlueVine (Best for Flexible Lines of Credit)

BlueVine is one of the best small business loan lenders for small businesses to access lines of credit for up to $250,000 and get solutions to their financing needs within a fast funding time.

BlueVine is very well known for lines of credit and business checking accounts. If quick funding is your need, BlueVine can help you with lines of credit. However, the annual percentage rates of BlueVine lines of credit may go high about over 70%.

So, small business owners looking for a line of credit on an urgent basis can receive funds between $6,00 and $250,000. Keep in that mind, BlueVine doesn’t support invoice factoring as their financing method anymore.

The payment feature of BlueVine comes in two structures: Flex 6 and Flex 12. Borrowers with Flex 6 payments need to make weekly payments over 26 weeks whereas borrowers with Flex 12 payments can make loan payments on a monthly basis over 12 months.

Customers can also take same-day funding into consideration when BlueVine charges a $15 fee for direct wire transfers.

For the line of credit qualification with BlueVine, your business must be an LLC or corporation operating for at least 6 months, making at least $10,000 monthly or $120,000 annually and have a personal credit score of at least 600.


  • Businesses must be in operation for at least 6 months to get eligible 
  • Lines of credit up to $250,000 
  • Requires Low credit score


  • No mobile app for its line of credit
  • Need monthly revenue
  • Businesses in North and South Dakota, Puerto Rico, and U.S. territories can’t avail

BlueVine Features:

Types of loans: Lines of credit

Rates: As low as 4.8%

Terms: 6 or 12 months

Min. credit score: 600+

Max. Line of credit: $250,000

Fees: 1.7% per week or 7% per month for lines of credit, $15 for bank wires (same-day funding), and no opening, closing, or prepayment fees.

Biz2credit (Best for Business Insights)

We have also added Biz2credit to the list of our best small business loan lenders. It comes with the BizAnalyzer feature which provides business owners with business insights. Using a financial scorecard, you can find out how well your business is performing against competitors.

Moreover, it will come up with personalized financial recommendations to help your business perform better. So, whether you are expanding your business or want to improve your creditworthiness, this feature can be highly beneficial.

As an online marketplace, Biz2credit also offers a wide range of financing options from online lenders. The funding options include special lending programs for women, minorities, and veterans.

The application process is as fast as you can apply within four minutes, get approval in 24 hours, and get funded within 72 hours. In order for businesses to obtain a working capital loan through Biz2Credit, they will need a credit score of at least 575, have been in business for 6 months and $250,000 in annual revenue.

For term loans, you will need a credit score of 660 or above with the same minimum revenue and 18 months of business presence.


  • Provides financial scorecard and personalized tips
  • No application fees required 
  • Same day funding options 
  • Special lending programs for women, veterans, and minorities


  • Origination or closing fee for most bank financing products
  • Underwriting fee for most non-bank financing products

Biz2credit Features

Types of Loans: SBA loans, working capital loans, lines of credit, unsecured business loans, equipment financing, and merchant cash advances, among others

Rates: Interest rates for term loans starts at 7.99%, Not available for other loan types

Terms: Up 36 months for commercial real estate and term loans, N/A for other loan types

Min. credit score: 575 for working capital loans and 660 for term loans

Max. loan amount: Up to $2M for working capital loans, $500k for term loans, and $6M for commercial real estate loans

Fees: Underwriting fees for non-bank financing ($250-$400), closing or origination fees for most bank financing products, and commercial real estate loans.


Which small business loans are easiest to get?

Short-term loans and business lines of credit are the most common and easiest small business loans to borrow from online lenders. What makes these loans easily accessible is the easy application process, fast same-day funding, low credit scores, and fewer requirements. However, these loans could have short repayment terms with a high total cost of borrowing.

What credit score do you need for a small business loan?

Based on the type of loan you’re looking for, the credit score requirements can vary widely. While SBA and other bank loans require a higher credit score of 650 or more, short-term loans only need a 600 credit score or below. Businesses or borrowers with less than perfect credit may be eligible for business loans. However, borrowing amounts can be lower, interest rates can be higher and repayment terms may not be as encouraging as other loans.