Find the Best Business Loan for Your Needs
Trusted Partners
Fast and Easy Process
Flexible Solutions
of Recommended Options
BHG Financial Term Loan
Recommended
BHG Financial provides lump sum term loans with fixed repayment terms, ideal for business growth and long-term investments.
Funds Up to
$500,000
7-14 days
Closing
Monthly
Payment Frequency
15%
APR Starts at
12 years
months
Term Timeframe
4.9
Lightbox Lending Review
OnDeck Term Loan
Recommended
Get a one-time lump sum of cash with OnDeck's term loan and have the option to apply for more financing in the future.
Funds Up to
$250,000
Same day
Closing
Weekly
Payment Frequency
25%
APR Starts at
24 months
months
Term Timeframe
4.7
Lightbox Lending Review
SmartBiz SBA 7(a)
Recommended
Get the capital you need to grow through SBA Loans, Bank Term Loans, Lines of Credit, and more fast and flexible financing options.
Funds Up to
$500,000
1-2 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
4.7
Lightbox Lending Review
LoanBud SBA Loan
Recommended
LoanBud is a SBA marketplace that covers all use cases for financing such as working capital, busienss acquisitons, real estate purchases, startups and so much more!
Funds Up to
$5,000,000
2-3 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
4.5
Lightbox Lending Review
BayFirst Streamlined SBA
Recommended
As one of the nation’s top lenders for Small Business Administration loans, BayFirst’s small business lending division, CreditBench, offers a wide range of lending options for small business owners.
Funds Up to
$5,000,000
1-2 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
4.4
Lightbox Lending Review
Stearns Bank SBA 7(a)
Recommended
Stearns Bank offers SBA 7a financing for working capital, business acquisitions, and even startups!
Funds Up to
$5,000,000
2-3 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
4.3
Lightbox Lending Review
iBusiness Funding Term Loan
Recommended
iBusinessFunding is one of the largest term loan lenders with their recent acquisition of FundingCircle USA. Secure efficient funding with loan sizes averaging
Funds Up to
$500,000
7-14 days
Closing
Monthly
Payment Frequency
16.99%
APR Starts at
7 years
months
Term Timeframe
4.2
Lightbox Lending Review
Newity SBA 7(a)
Recommended
Newity offers fast approvals for SBA 7a loans and specializes in those under $150,000
Funds Up to
$5,000,000
2-3 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
4.2
Lightbox Lending Review
Celtic Bank SBA 7(a)
Recommended
Celtic Bank is an SBA Preferred Lender that offers these SBA 7a loans up to $5,000,000.
Funds Up to
$5,000,000
2-3 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
4.2
Lightbox Lending Review
Biz2Credit Term Loan
Recommended
Biz2Credit offers competitive term loans specializing in high loan amounts with affordable terms and repayment periods.
Funds Up to
$500,000
1-2 days
Closing
Monthly
Payment Frequency
17%
APR Starts at
36 months
months
Term Timeframe
4.1
Lightbox Lending Review
LendingClub SBA 7(a)
Recommended
LendingClub is a nationwide preferred SBA lender, which means they can offer fast decisions and faster closings for SBA 504 & 7a loans.
Funds Up to
$5,000,000
2-3 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
3.9
Lightbox Lending Review
Libertas Term Loan
Recommended
Secure the capital your business needs with Libertas' term loan solutions. They offer flexible options like bridge loans, gap funding, equipment financing, and working capital.
Funds Up to
$2,500,000
7 days
Closing
Monthly
Payment Frequency
16.99%
APR Starts at
2 years
months
Term Timeframe
3.8
Lightbox Lending Review
Ready Capital SBA 7(a)
Recommended
An SBA 7(a) loan from Ready Capital is a government-backed small business loan that offers low interest rates and long repayment terms.
Funds Up to
$5,000,000
2-3 Weeks
Closing
Monthly
Payment Frequency
10.75%
APR Starts at
10 Years
months
Term Timeframe
3.7
Lightbox Lending Review
Idea Financial Term Loan
Recommended
Idea Financial is a direct lender offering business term loans and lines of credit to business owners.
Funds Up to
$275,000
1-2 days
Closing
Weekly
Payment Frequency
19%
APR Starts at
36 months
months
Term Timeframe
3.55
Lightbox Lending Review
Quantum Term Loan
Recommended
Fundation (Quantum as of Jan 2025) offers business term loans and revolving lines of credit to businesses in the US.
Funds Up to
$250,000
2-3 days
Closing
Monthly
Payment Frequency
19.99%
APR Starts at
4 years
months
Term Timeframe
3.3
Lightbox Lending Review
Not quite what you're looking for?
Explore other options tailored to your needs! Whether you're searching for smaller loans, different repayment terms, or specialized funding solutions, we've got you covered.
Find More ProductsBHG Financial Term Loan
BHG Financial provides lump sum term loans with fixed repayment terms, ideal for business growth and long-term investments.
Funds Up to
$500,000
Closing
7-14 days
Apply Now
Payment Frequency
Monthly
APR Starts at
15%
Term Timeframe
12 years
Lightbox Lending Review
4.9
OnDeck Term Loan
Get a one-time lump sum of cash with OnDeck's term loan and have the option to apply for more financing in the future.
Funds Up to
$250,000
Closing
Same day
Apply Now
Payment Frequency
Weekly
APR Starts at
25%
Term Timeframe
24 months
Lightbox Lending Review
4.7
SmartBiz SBA 7(a)
Get the capital you need to grow through SBA Loans, Bank Term Loans, Lines of Credit, and more fast and flexible financing options.
Funds Up to
$500,000
Closing
1-2 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
4.7
LoanBud SBA Loan
LoanBud is a SBA marketplace that covers all use cases for financing such as working capital, busienss acquisitons, real estate purchases, startups and so much more!
Funds Up to
$5,000,000
Closing
2-3 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
4.5
BayFirst Streamlined SBA
As one of the nation’s top lenders for Small Business Administration loans, BayFirst’s small business lending division, CreditBench, offers a wide range of lending options for small business owners.
Funds Up to
$5,000,000
Closing
1-2 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
4.4
Stearns Bank SBA 7(a)
Stearns Bank offers SBA 7a financing for working capital, business acquisitions, and even startups!
Funds Up to
$5,000,000
Closing
2-3 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
4.3
iBusiness Funding Term Loan
iBusinessFunding is one of the largest term loan lenders with their recent acquisition of FundingCircle USA. Secure efficient funding with loan sizes averaging
Funds Up to
$500,000
Closing
7-14 days
Apply Now
Payment Frequency
Monthly
APR Starts at
16.99%
Term Timeframe
7 years
Lightbox Lending Review
4.2
Newity SBA 7(a)
Newity offers fast approvals for SBA 7a loans and specializes in those under $150,000
Funds Up to
$5,000,000
Closing
2-3 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
4.2
Celtic Bank SBA 7(a)
Celtic Bank is an SBA Preferred Lender that offers these SBA 7a loans up to $5,000,000.
Funds Up to
$5,000,000
Closing
2-3 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
4.2
Biz2Credit Term Loan
Biz2Credit offers competitive term loans specializing in high loan amounts with affordable terms and repayment periods.
Funds Up to
$500,000
Closing
1-2 days
Apply Now
Payment Frequency
Monthly
APR Starts at
17%
Term Timeframe
36 months
Lightbox Lending Review
4.1
LendingClub SBA 7(a)
LendingClub is a nationwide preferred SBA lender, which means they can offer fast decisions and faster closings for SBA 504 & 7a loans.
Funds Up to
$5,000,000
Closing
2-3 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
3.9
Libertas Term Loan
Secure the capital your business needs with Libertas' term loan solutions. They offer flexible options like bridge loans, gap funding, equipment financing, and working capital.
Funds Up to
$2,500,000
Closing
7 days
Apply Now
Payment Frequency
Monthly
APR Starts at
16.99%
Term Timeframe
2 years
Lightbox Lending Review
3.8
Ready Capital SBA 7(a)
An SBA 7(a) loan from Ready Capital is a government-backed small business loan that offers low interest rates and long repayment terms.
Funds Up to
$5,000,000
Closing
2-3 Weeks
Apply Now
Payment Frequency
Monthly
APR Starts at
10.75%
Term Timeframe
10 Years
Lightbox Lending Review
3.7
Idea Financial Term Loan
Idea Financial is a direct lender offering business term loans and lines of credit to business owners.
Funds Up to
$275,000
Closing
1-2 days
Apply Now
Payment Frequency
Weekly
APR Starts at
19%
Term Timeframe
36 months
Lightbox Lending Review
3.55
Quantum Term Loan
Fundation (Quantum as of Jan 2025) offers business term loans and revolving lines of credit to businesses in the US.
Funds Up to
$250,000
Closing
2-3 days
Apply Now
Payment Frequency
Monthly
APR Starts at
19.99%
Term Timeframe
4 years
Lightbox Lending Review
3.3
Not quite what you're looking for?
Explore other options tailored to your needs! Whether you're searching for smaller loans, different repayment terms, or specialized funding solutions, we've got you covered.
Find More ProductsLoans for All Types of Businesses
Understanding Your Options
Whether you're looking for working capital, growth capital or general purpose funds, we've got solutions for you. Finding the right lender and loan product for your needs can be a tricky process, but don't fear, we're here to help. We've helped thousands of businesses understand the key differences between an SBA Loan and a Term Loan, Invoice Factoring versus a Merchant Cash Advance and more. With Lightbox Lending, you won't be tricked into an offer that you can't clearly see pricing on. Start with our easy-to-use application.
How Should I Prepare?
Alternative lenders, banks, credit unions and SBA lenders each have their own unique stipulations and credit standards for the types of applicants that best match their financial product offerings. We make it simple with our online application that automatically collects the right information to fit most lender's standards. As a pre-requisite, you can best prepare for your loan application by having your personal and business credit unfrozen, EIN, D.U.N.S., SSN, three-months of business banking statements and be ready for business and personal identity verification (usually a drivers license).
What Makes Up an Offer?
Business lending and personal lending can have a few key differences:
Interest Rate
Depending on the risk tolerance of the lender, you may find that some lenders may have higher terms to manage their businesses.
Loan Amount
Loan amount maximums vary by lender. Some products offer loan sizes as low as $5,000 while other's may go as high as $5,000,000.
Loan Term
Bad credit loans often have shorter repayment terms, helping lenders reduce risk while good credit loans (and loan products) tend to have more variable and personalized terms.
Alternative Collateral
Lenders may require collateral, like equipment or receivables, to secure bad credit loans. Offering collateral might help negotiate better terms and rates.
Higher Interest Rates
Bad credit loans usually come with higher interest rates compared to traditional options, reflecting the increased risk for lenders.
Smaller Loan Amounts
Bad credit loans may have lower maximum amounts, often focusing on covering basic needs. This ensures risk is minimized while providing essential funding.
Shorter Loan Terms
Bad credit loans often have shorter repayment terms, helping lenders reduce risk. However, this can mean higher monthly payments for the borrower.
Alternative Collateral
Lenders may require collateral, like equipment or receivables, to secure bad credit loans. Offering collateral might help negotiate better terms and rates.
Types of Financing Options
Merchant Cash Advances
These lump sum loans are intended to help businesses grow, cover expenses, or manage cash flow, even if the business owner’s credit history isn't ideal.
Secured Loans
Secured loans involve putting up collateral (e.g., business assets, equipment, or real estate) to reduce the lender's risk. This is often a suitable route for bad credit borrowers who need access to a larger loan.
Invoice Factoring
Invoice factoring is an option where you sell your unpaid invoices to a lender in exchange for immediate working capital. This is a common solution for businesses that may have struggled with cash flow but have reliable customers.
Lines of Credit
Online lenders may offer lines of credit to businesses with bad credit. Unlike a traditional bank line of credit, these online options have more flexible requirements, allowing businesses to draw funds as needed.
Tips for Improving Your Chances of Approval
Thorough Documentation
Lenders are more likely to approve your application if you can show detailed financial records, business plans, and demonstrate how the loan will benefit your business.
Show Strong Cash Flow
Even if your credit score is low, a history of strong and consistent cash flow can demonstrate your ability to repay the loan reliably and on time.
Consider a Co-Signer
If you have a business partner or a family member with a strong credit score, they may be able to co-sign the loan, improving your chances of approval and possibly securing better terms.
Start Small
By requesting a smaller loan amount initially, you’re more likely to get approved. Paying it back on time will also help rebuild your credit and position you for larger loans in the future.
Pros and Cons of Bad Credit Business Loans
Bad credit loans work similarly to traditional loans, but they come with a few key differences:
Pros
- Thorough Documentation
Lenders are more likely to approve your application if you can show detailed financial records, business plans
- Show Strong Cash Flow
Even if your credit score is low, a history of strong and consistent cash flow can demonstrate your ability to repay
- Consider a Co-Signer
If you have a business partner or a family member with a strong credit score, they may be able to co-sign the loan, improving
Cons
- Higher Costs
Interest rates tend to be higher for bad credit loans, meaning you’ll end up paying more over time.
- Collateral Requirements
Some bad credit loans require collateral, putting your business assets at risk if you fail to repay the loan.
- Shorter Loan Terms
Bad credit loans often come with shorter repayment terms, which can lead to higher monthly payments and a tighter repayment
Pros
- Thorough Documentation
Lenders are more likely to approve your application if you can show detailed financial records, business plans
- Show Strong Cash Flow
Even if your credit score is low, a history of strong and consistent cash flow can demonstrate your ability to repay
- Consider a Co-Signer
If you have a business partner or a family member with a strong credit score, they may be able to co-sign the loan, improving
Cons
- Higher Costs
Interest rates tend to be higher for bad credit loans, meaning you’ll end up paying more over time.
- Collateral Requirements
Some bad credit loans require collateral, putting your business assets at risk if you fail to repay the loan.
- Shorter Loan Terms
Bad credit loans often come with shorter repayment terms, which can lead to higher monthly payments and a tighter repayment
Finding the Right Lender for Bad Credit Loans
When choosing a bad credit business loan, it’s important to compare different lenders and loan products to find the one that best suits your needs. Not all lenders specialize in bad credit loans, and terms can vary widely. That’s where we come in—we help connect you with trusted lenders who offer flexible terms, ensuring that you get the best option for your circumstances.
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Invoice Factoring
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Healthcare Financing Solutions
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