DollarGeek Presents:

Best Small Business Loans of 2020

DollarGeek's goal is to help you make the best possible financial decisions. To help us do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations or ratings.

As a business owner, small business loans can be an important option to think about. Aside from traditional banks, online lenders give you flexible options that are also very competitive. The many options online lenders now provide you can range from invoice based financing, business lines of credit and SBA loans. Make sure to learn more about the different options before choosing the right business financing product. 

Showing 1-4 of 4 accounts
DollarGeek Rating:
on Kabbage's website

Estimated APR

24% - 99%

varies on credit

Min. Credit Score

620

APR Range

24% - 99%

View Details
DollarGeek Rating:
on OnDeck's secure site

Estimated APR

16.7% - 99.4%

varies on credit

Min. Credit Score

500

APR Range

16.7% - 99.4%

View Details
DollarGeek Rating:
on Fundation's website

Estimated APR

8% - 30%

varies on credit

Min. Credit Score

620

APR Range

8% - 30%

View Details
DollarGeek Rating:
on Street Shares' website

Estimated APR

9% - 40%

varies on credit

Min. Credit Score

600

APR Range

9% - 40%

View Details
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Best Small Business Loans Overview:

on Kabbage’s secure site

5/5

Kabbage offers small business’ an opportunity to get the money they need fast. With only a $50,000 annual revenue requirement you can open a line of credit. If your business doesn’t have the best credit history you should give Kabbage a look.

Min. Credit Score

Annual Revenue

Age Of Business

Collateral

Loan Term Length

Repayment Terms

DollarGeek Favorite

None

$50,000+

1+ years

None

6 or 12 months

Monthly

Up to $250,000 line of credit

on LendingClub’s secure site

5/5

LendingClub is a great peer to peer lending network that will help small business’ get the funding they need quickly. LendingClub offers loans and lines of credit for up to $300,000 and terms up to 5 years. You can receive your funds anywhere from 2-14 days on average. 

Min. Credit Score

Annual Revenue

Age Of Business

Collateral

Loan Term Length

Repayment Terms

DollarGeek Favorite

600+

$50,000+

1+ years

Only when borrowing $100,000+

1-5 years

Monthly

No prepayment penalty

on OnDeck’s secure site

5/5

OnDeck can provide business’ with the money they need fast. With a high approval rate and a minimum credit score of 500 they’re worth a look.

Min. Credit Score

Annual Revenue

Age Of Business

Collateral

Loan Term Length

Repayment Terms

DollarGeek Favorite

500+

$100,000+

1+ years

Business lien required

3-36 months

Daily or weekly

High approval rates

on Fundation’s secure site

5/5

Fundation offers flexible loan terms for small business’. If you need fast funding and flexibility on your loan terms Fundation can be a great place to look. You will be placed with a relationship manager that will help you with your loan. 

Min. Credit Score

Annual Revenue

Age Of Business

Collateral

Loan Term Length

Repayment Terms

DollarGeek Favorite

None

$50,000+

1+ years

None

1-4 years

Monthly

Up to $250,000 line of credit

on StreetShares’ secure site

5/5

Street Shares is a good option for small business’ that need to borrow under $100,000.  Street Shares offers borrowers a variety of loans like credit lines, invoice factoring and term loans. If you’re a new business (1+ years) and have at least $25,000 in revenues make sure to give Street Shares a look.

Min. Credit Score

Annual Revenue

Age Of Business

Collateral

Loan Term Length

Repayment Terms

DollarGeek Favorite

600+

$25,000+

1+ years (or 6 months if your business has $100k in revenue)

None

3-36 months

Monthly

Up to $250,000 line of credit

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