How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 6 business term loans
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
TAB Bank - Term loan | Best for Low-interest business term loans | $300,000 | 660 | |
SBA 7(a) loan with Fundera by NerdWallet | Best for Government-guaranteed term loans | $5,000,000 | 650 | with Fundera by NerdWallet |
SBA Express loan with Fundera by NerdWallet | Best for Government-guaranteed term loans | $500,000 | 650 | with Fundera by NerdWallet |
Funding Circle - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Business term loans for established companies | $500,000 | 660 | with Fundera by NerdWallet |
OnDeck - Online term loan with Fundera by NerdWallet | 4.7/5 Best for Unsecured business term loans | $250,000 | 625 | with Fundera by NerdWallet |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Business term loans for bad credit | $1,500,000 | 570 | with Fundera by NerdWallet |
Here are 6 business term loans
Best for Low-interest business term loans
Max Amount
$300,000
Min. Credit Score
660
Best for Government-guaranteed term loans
Best for Business term loans for established companies
Best for Unsecured business term loans
Best for Business term loans for bad credit
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Our pick for
Low-interest business term loans
Bank loans typically offer the lowest interest rates, but you’ll need strong credit and finances to qualify.
TAB Bank - Term loan
Max loan
$300,000
Min. Credit score
660
Apr range
8.99-35.99%
Our picks for
Government-guaranteed term loans
SBA loans offer competitive interest rates and repayment terms. They can be difficult to qualify for, however, and are slow to fund.
SBA 7(a) loan
Max loan
$5,000,000
Min. Credit score
650
Apr range
11.50-15.00%
SBA Express loan
Max loan
$500,000
Min. Credit score
650
Apr range
11.50-15.00%
Our pick for
Business term loans for established companies
If you have at least two years in business and good credit, these online lenders may be able to offer term loans with competitive rates and terms.
Funding Circle - Online term loan
Max loan
$500,000
Min. Credit score
660
Apr range
15.22-45.00%
Our pick for
Unsecured business term loans
Many online lenders don’t require physical collateral to secure a loan. These lenders will typically require a personal guarantee and/or a Uniform Commercial Code lien, however.
OnDeck - Online term loan
Max loan
$250,000
Min. Credit score
625
Apr range
27.20-99.90%
Our pick for
Business term loans for bad credit
Business term loans for borrowers with credit challenges are usually issued by online lenders. These lenders have flexible credit score requirements, but will likely charge you more for financing.