Tag: Average

Small Business Loans for Good, Average and Bad Credit #business #database

#small business loans

#

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Small Business Loans for Good, Average and Bad Credit

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, you now have access to many options through online lenders. Find the business financing product that is best for you. Learn about loan/product types .

Business loan type

Expansion, longer-term investments

Business term loans

Large one-time expense

Business line of credit

Ongoing working capital expenses

Filling cash-flow gap

Showing 1 – 16 of 16

Back to results

Loading your loans.

Lender loan type

Min Credit Score

Bank loan

Min Credit Score

Apply Now on SmartBiz’s secure website.

Also recommended

Microloan

Min Credit Score

Line of Credit

Min Credit Score

Apply Now on LendingClub’s secure website.

Term loan

Min Credit Score

Apply Now on LendingClub’s secure website.

Also recommended

Personal loan

Min Credit Score

Term loan

Min Credit Score

Apply Now on Funding Circle’s secure website.

Also recommended

Business credit card

Min Credit Score

Term loan

Min Credit Score

Apply Now on DealStruck’s secure website.

Term loan

Min Credit Score

Apply Now on StreetShares’ secure website.

Line of credit

Min Credit Score

Apply Now on DealStruck’s secure website.

Line of Credit

Min Credit Score

Apply Now on OnDeck’s secure website.

Line of Credit

Min Credit Score

Apply Now on BlueVine’s secure website.

Invoice factoring

Min Credit Score

Apply Now on Fundbox’s secure website.

Cash flow loan

Min Credit Score

Apply Now on OnDeck’s secure website.

Invoice factoring

Min Credit Score

Apply Now on BlueVine’s secure website.

Line of credit

Min Credit Score

Apply Now on Kabbage’s secure website.

*Annual Percentage Rates (APR), loan term and monthly payments are estimated based on analysis of information provided by you, data provided by lenders, and publicly available information. All loan information is presented without warranty, and the estimated APR and other terms are not binding in any way. Lenders provide loans with a range of APRs depending on borrowers credit and other factors. Keep in mind that only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend on factors like credit score, requested loan amount, loan term, and credit history. All loans are subject to credit review and approval.

The government-guaranteed business loan program works with banks to offer low interest rates and long-term repayment. SBA loans offer low rates and long repayment terms. But the process is time consuming and the requirements are strict. Only those with great personal credit, strong business finances and the bandwidth to wait for funding should apply. – Loan amounts: $30,000 to $5 million – APR range: 7% to 8% – Good for: large one-time investments, purchasing real estate or equipment, buying existing businesses, refinancing debt

Online lenders offer term loans of up to $500,000. For a short-term loan, the repayment period typically ranges from six to 12 months, while a long-term loan’s repayment can extend up to 10 years or longer in some cases. – APR range: 7% to 98% – Good for: large one-time investments

A business line of credit provides you with access to flexible cash. Lenders give you access to a specific amount of credit (say, $100,000), but you don’t make payments or get charged interest until you tap into the funds. – Credit line range: $2,000 to $500,000 – APR range: 9% to 108% – Good for: managing cash flow, handling unexpected expenses and financing short-term business needs.

Invoice factoring lets your small business turn its invoices (the money owed by customers that has yet to be paid) into immediate cash. You sell the invoices to a factoring company, which then gets paid when it collects from your customers. If you’d rather maintain control over your invoices, invoice financing is an alternative to factoring. – Financing amounts: $500 to $500,000 – APR range: 11% to 64% – Good for: managing cash flow, short-term financing

Only about 1 in 5 businesses that apply for a loan from a big bank are approved. To solve that problem, we work with online lenders that specialize in making the loan application process simple. Plus, they’re faster and offer more competitive rates than many banks.

How does NerdWallet make money?

We make money when you get the funding you need. Some of the loan providers on our site pay us a referral fee when customers like you get approved for a loan. We always try to find the best option for you, even if we don’t have a paying relationship with that lender. We also actively turn down offers from lenders that we feel seek to take advantage of small business owners. Read more about how we make money .

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines. and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.





Tags : , , , , , , , ,