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Bankrate small business loan reviews

Small business loans can help finance your business's daily or long-term needs. But from working capital and term loans to lines of credit and equipment financing, there are a lot of options to choose from. To help you find a lender you can trust, we constantly review popular and noteworthy banks and online lenders. Here, we'll break down the loan products they offer as well as each lender's accessibility, affordability, transparency and more.

All lender reviews

3.5
Rating: 3.5 stars out of 5
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TD Bank offers lending solutions to help you start or grow your business. Business loans are currently available in 15 states and Washington, D.C.
3.6
Rating: 3.6 stars out of 5
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Chase business loans are available in 28 states, but you'll need to visit a branch to apply.
4.1
Rating: 4.1 stars out of 5
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Lendzi covers a variety of small business loans through a broad 60-partner network. Business owners can access short- and long-term loans, business lines of credit, equipment financing, merchant cash advances and more.
4.4
Rating: 4.4 stars out of 5
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SMB Compass has 9 types of business loans: from term loans and lines of credit to SBA and bridge loans. Check out our SMB Compass review to learn more.
4.6
Rating: 4.6 stars out of 5
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SBG Funding expands access to capital for businesses with established revenue that need a moderate to large amount of funding.
4.7
Rating: 4.7 stars out of 5
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Creditfy is an online lender that offers multiple business loans, including term loans, equipment financing and SBA loans. It states it has a 90 percent loan approval rating, which could help many small business owners who struggle to qualify for loans.
4.8
Rating: 4.8 stars out of 5
Bankrate Score
SBA small business loans are issued by private lenders like banks, CDFIs and nonprofit community lenders. But they’re backed by the federal government and can provide low-interest loans and lines of credit to many types of small business owners.
3.7
Rating: 3.7 stars out of 5
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Founded in 2004, Reliant Funding offered merchant cash advances for small businesses. It’s currently not accepting applications.
4.5
Rating: 4.5 stars out of 5
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With digital doors open since 2017, 1West Finance is an online loan marketplace offering six main business loans from over 50 lenders. Its choices include loans for working capital, real estate, equipment and accounts receivable financing.
4.4
Rating: 4.4 stars out of 5
Bankrate Score
National Business Capital is a business loans marketplace with an extensive network of 75 partner lenders. Businesses with a minimum annual revenue of $480,000 can apply for term loans, lines of credit, equipment loans, SBA loans and revenue-based financing.
4.1
Rating: 4.1 stars out of 5
Bankrate Score
U.S. Bank offers several funding solutions for both new and established businesses. Loan options include quick loans, conventional term business loans, commercial real estate loans, and government-backed loans. This lender also offers equipment loans with no down payment required.
4.3
Rating: 4.3 stars out of 5
Bankrate Score
Founded during the recession in 2008, Triton Capital helps small businesses with working capital, equipment and SBA loans. The online lender is accepting of fair credit borrowers, though businesses will need at least $350,000 in annual revenue. Its SBA business loans have steeper criteria, matching you with partner lenders for convenient comparisons.
4.1
Rating: 4.1 stars out of 5
Bankrate Score
FFounded in 1866, Huntington National Bank is a regional bank with branches in 12 states. It offers business loans, including term loans, lines of credit and asset-based financing. The chain is also a top national issuer of SBA loans.
Capital One Logo
3.2
Rating: 3.2 stars out of 5
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Capital One doesn’t go far enough to provide info on its website, but it offers business lines of credit, real estate term loans, SBA loans and other specialized lending solutions to established business owners.
3
Rating: 3 stars out of 5
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Live Oak Bank offers U.S. Small Businesss Administration, U.S. Department of Agriculture and commercial bank loans. It was also the leading provider of SBA loans by dollar volume in 2022.
4.6
Rating: 4.6 stars out of 5
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Lendio is a top service that helps businesses find financing for a variety of common expenses. Fill out one application to be matched with 75+ lenders.
4.6
Rating: 4.6 stars out of 5
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Since 2006, OnDeck has funded $15 billion in small business loans. It currently offers term loans and lines of credit to borrowers with fair credit.
4.2
Rating: 4.2 stars out of 5
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Wells Fargo offers business lines of credit and SBA loans with competitive rates for eligible business owners. It even offers a business line of credit to businesses that have been around less than two years. These products are relatively flexible, and you can choose from secured and unsecured lending options.
4.5
Rating: 4.5 stars out of 5
Bankrate Score
Fora Financial has been around since 2008. The lender specializes in short-term business loans for borrowers with bad credit, but loan terms can be short.
4.4
Rating: 4.4 stars out of 5
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Established in 2013, Bluevine is a financial technology company that aims to support small businesses. The lender offers business lines of credit up to $250,000, but there is a high annual revenue requirement of $480,000 or $960,000 and short repayment terms.
4.5
Rating: 4.5 stars out of 5
Bankrate Score
Founded in 2013, Fundbox helps small business owners access the credit needed to move their companies forward. It currently offers a flexible business line of credit to fair credit borrowers in all 50 states and U.S. territories.
4.1
Rating: 4.1 stars out of 5
Bankrate Score
PNC Bank has 2,500+ retail locations in 28 states and D.C. The lender provides various business loan products like term loans, lines of credit and SBA loans. But the website offers limited details regarding lending criteria, fees and rates.
4.6
Rating: 4.6 stars out of 5
Bankrate Score
Funding Circle offers business term loans, lines of credit and SBA 7(a) loans. Its streamlined application process and potentially low interest rates make it a good fit for established businesses with a solid credit history.
4.4
Rating: 4.4 stars out of 5
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Credibility Capital offered business loans and lines of credit to established and successful businesses. Rates were low, but the lender is currently not accepting applications.
4.2
Rating: 4.2 stars out of 5
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BusinessLoans.com has helped over 100,000 small businesses. Its lending partners offer short- and long-term business loans. Check out our BusinessLoans.com review to learn more.
4.2
Rating: 4.2 stars out of 5
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Taycor Financial offers a wide variety of lending options for businesses, from equipment refinancing to working capital lines of credit. Founded nearly 30 years ago, the lender has offices in California and Utah. Taycor works with both startups and established businesses.
4.1
Rating: 4.1 stars out of 5
Bankrate Score
SmartBiz is a business loan marketplace that works with bank partners to offer SBA loans, term loans, lines of credit and alternative financing to small business owners with fair-to-excellent credit. Check out our SmartBiz business loans review to learn more.
4.1
Rating: 4.1 stars out of 5
Bankrate Score
Founded in 2019, Uncapped provides three short-term financing options similar to merchant cash advances. Instead of interest rates, it charges fees. Approvals are based primarily on your business’s flow of revenue, and you’ll need $600,000 in annual revenue to qualify.
3.8
Rating: 3.8 stars out of 5
Bankrate Score
Founded in 2010, Funderial offers business loans as a direct lender or through its marketplace of 40 partners. It focuses on short-term loans to borrowers of all credit types, and it has one of the lowest minimum credit scores among online lenders.
3.8
Rating: 3.8 stars out of 5
Bankrate Score
Founded in 2006, eCapital is an online lender that focuses on alternative business financing for small and medium-sized businesses. Its main products include asset-based financing and several types of accounts receivable financing.
4.4
Rating: 4.4 stars out of 5
Bankrate Score
Lendistry, a minority-led lender, is one of the few online-based Community Development Financial Institutions (CDFIs). It offers term loans and non-revolving lines of credit to business owners in financially distressed and underserved communities.
4.3
Rating: 4.3 stars out of 5
Bankrate Score
Bank of America is a national lender with a wide variety of business loan options. Most loans are better suited for established businesses with good-to-excellent credit, but it also offers a cash-secured line of credit to help businesses who want to build credit.
4.3
Rating: 4.3 stars out of 5
Bankrate Score
American Express Business Blueprint™ offers business lines of credit in all 50 U.S. states and territories. They’re available to small business owners with fair credit but feature a pricing structure that could get expensive.
4.4
Rating: 4.4 stars out of 5
Bankrate Score
Established in 1999, National Funding provides short- and long-term loans to eligible business owners with a credit score of over 600. Fast funding times, early payoff discounts and a guaranteed lowest payment for equipment leases add to the appeal.
4.6
Rating: 4.6 stars out of 5
Bankrate Score
Through direct lending or partnering with other lenders, Credibly offers small business loans to businesses with at least $15,000 in monthly revenue deposited in their business bank account. Loan options include working capital, business lines of credit and merchant cash advances.
4.2
Rating: 4.2 stars out of 5
Bankrate Score
Accion Opportunity Fund is a nonprofit with a mission to advance social equality in lending. It focuses on microloans to minority and low-income communities as well as providing mentoring and educational resources to help small businesses succeed.
4.7
Rating: 4.7 stars out of 5
Bankrate Score
Founded in 2017, Fundible uses in-house financing and a network of partners to help small businesses that often get denied with traditional banks. It offers several loans, including term loans, lines of credit, equipment financing, invoice financing and SBA loans.
4.6
Rating: 4.6 stars out of 5
Bankrate Score
Backd is an online lender that offers fast, short-term loans to business owners with a credit score of 600 and above. Its options include a working capital loan, business line of credit and buy now, pay later option to help businesses spread out the cost of purchases.
4.2
Rating: 4.2 stars out of 5
Bankrate Score
QuickBridge offers fast, short-term loans to fair-credit borrowers..
4.3
Rating: 4.3 stars out of 5
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Kiva microloans operate on a crowdfunding, peer-to-peer model. They have minimal requirements and could be a good option for smaller businesses or startups.
4.2
Rating: 4.2 stars out of 5
Bankrate Score
PayPal makes it easy for small businesses to secure business loans. It has a fast approval process and offers a low minimum revenue threshold.
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