The Best Business Loans of 2023
Bluevine tops our best business loans list for its available loan amount, time to fund, and its interest rate. View our entire list here.
|Loan provider||Best for||Loan amount||Time to fund||Estimated rates||Best features|
|BlueVine||Best business loan|
Why it’s best: Unrestricted business credit line, five-minute time to fund, fee-free business checking
|$250,000||Five minutes to 24 hours||4.8% interest rate|
|CAN Capital||Best short-term business loan|
Why it’s best: Short time to fund, low interest rates, funds can be used for any purpose
|$2,500 to $250,000||Within 24 hours||1.15% to 1.48%|
|Fundbox||Best business loan for fast access to working capital|
Why it’s best: Up to $150,000 in funds, short time to fund, only need six months of business history
|Up to $150,000||Less than 24 hours||10.10% to 79.80% APR|
|Kabbage||Best business loan for established businesses|
Why it’s best: Wide range of loan amounts, flexible repayment terms
|$2,000 to $250,000||Within 24 hours||Monthly fee in lieu of interest:|
6-month term: 2% to 9%.
|Kiva||Best no-interest business loan|
Why it’s best: No interest or loan origination fees, no minimum credit score required, offers microloans
|$25 to $15,000||20 to 30 minutes||0% interest loans|
The business loan companies we’ve discussed facilitate loans for small and large companies. These loans are available in varying sizes with terms that suit the needs of individual business owners. We evaluated these companies on the most important aspects of business funding — loan amount, repayment terms, time to fund, minimum annual revenue, and fees.
Business loans are loans companies use for business purposes. These loans may provide a business with working capital, debt refinancing, and, in some cases, to buy real estate.
Types of business loans include traditional loans, business lines of credit, and invoice factoring.
Interest rates and repayment terms vary widely based on factors such as the borrower’s credit score, length of time in business, and the lending organization’s specific terms. There are loan options for businesses at almost any time in business, ranging from startups to long-term companies that have been operating for decades.
Each business is unique and has equally unique funding needs, which means there are some specific details for each borrower to consider, including the amount needed, the price of the funding, the repayment terms, and how long it takes to get the funds.
Knowing the minimum credit score and annual revenue required by a lender, as well as the minimum amount of time a borrower must be in business to work with the lender, can help a business owner choose a lender who is most likely to approve their business loan application.