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Small Business Loan Comparison

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Ease of ApplicationExcellentExcellentGoodExcellentFair
Customer SupportExcellentExcellentExcellentExcellentExcellent
Borrower Qualifications
Required Time in Business12 months6 months12 months12+ months2 years
Required Credit Score600550500600650
Required Revenue$100K/yr$10K/moMonthly: process a minimum of $5,000 in credit card sales OR $12,000 minimum in gross sales$10K/moN/A
Product Details
Products OfferedShort-term loan and line of creditTerm loan, merchant cash advance, short term loan, SBA loan, business line of credit, business credit card, equipment financing, invoice financingMerchant cash advance, short term loanSBA loan, business line of credit, short term loan, medium term installment loan, merchant cash advance, business credit card, equipment financing, invoice financing, personal loans for businessSBA installment loan
Borrowing Amount$5K - $500K$2K - $5M$5,000 - $500,000$5K - $5M$30K - $5M
Term Length3 - 36 monthsVarious options4 - 16 monthsVaries10 or 25 years
Interest or Factor Rate0.4% - 0.43% of the borrowing amount/moAs low as 2%10% - 30% of the borrowing amountStarting at 7%Prime rate + 1.5% - 3.75%
Other Fees0% - 4% origination feeNone1% - 4% origination feeVariesN/A
Time to Funding2 - 5 daysOffers in 1 - 2 days2 - 4 daysOffers in 1 - 2 days7 - 60 days
Repayment FrequencyDaily or weeklyVariesTailored to business revenueVariesMonthly
Interest Or Factor Rate0.4% - 0.43% of the borrowing amount/moAs low as 2%10% - 30% of the borrowing amountStarting at 7%Prime rate + 1.5% - 3.75%
Origination Fee4% - 6.25% plus bank fees
Time To Funding2 - 5 daysOffers in 1 - 2 days2 - 4 daysOffers in 1 - 2 days7 - 60 days
Required Time In Business12 months6 months12 months12+ months2 years
Ease Of ApplicationExcellentExcellentGoodExcellentFair
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We Recommend Fattmerchant 🏆

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We Recommend BlueVine Business Checking 🏆

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We Recommend PaymentCloud 🏆

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We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

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We Recommend Donorbox 🏆

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Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. Get started today for free.

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We Recommend BigCommerce 🏆

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Bigcommerce offers exceptional tools for all eCommerce businesses from startups looking to build a site to enterprise-level systems. Now get a 15-day free trial + one month free when you upgrade!

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We Recommend Fattmerchant 🏆

Fattmerchant is one of our top picks for Credit Card Processing!

 

 

We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features. Get started today and get your first month for $5 with an exclusive Merchant Maverick promo.

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We Recommend Helcim 🏆

Helcim is one of our top picks for payment processing!

 

 

Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. Get three months free when you sign up with Helcim through our links!

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We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

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We Recommend OnDeck 🏆

OnDeck is one of our top picks for Business Loans!

 

 

OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.

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We Recommend Lendio 🏆

Lendio is one of our top picks for PPP/Business Financing!

 

 

Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find PPP/SBA loans alongside other financing options.

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We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

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We Recommend ADP Payroll 🏆

ADP Payroll is one of our top picks for Payroll Software!

 

 

Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support.👍

For a limited time, get three months free when you sign up via our links!

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We Recommend Lightspeed POS 🏆

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We highly recommend Lightspeed POS for small businesses looking for a feature-rich, tablet-based point of sale system.

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We Recommend TouchBistro 🏆

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We Recommend Fundera 🏆

Fundera is one of our top picks for SBA loans!

 

 

Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7(a)loans alongside other financing options.

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We Recommend ShippingEasy 🏆

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ShippingEasy got a 5-star review from our team. Get a 30-day free trial to access discounted USPS and UPS shipping rates and print labels in no time. No credit card required.

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We Recommend Square POS 🏆

Square POS is one of our top picks for Point of Sale!

 

 

Square is free to use and currently includes a free card reader at sign-up!

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Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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