DollarGeek Presents:
Best Small Business Loans - January 2021
DollarGeek's goal is to help you make the best 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.

Estimated APR
24% - 99%
varies on creditMin. Credit Score
620
Geeky Insight
- Accessing small business funding shouldn't be complicated or time-consuming, so Kabbage developed a simple way to get up to $250,000
Qualifications
- Credit Score: No min
- Age Of Business: 1+ years
- Annual Revenue: $50,000+
- Collateral: None
- Terms: 6, 12 or 18 months
- Repayment: Monthly
- Max Amount: $250,000

- Least expensive financing
- Great financing for growth
- No prepayment penalty

- Must have strong financials, supported by 2-3 years of tax filing
- Application process and approval takes longer then other online lenders
Estimated APR
16.7% - 99.4%
varies on creditMin. Credit Score
500
Geeky Insight
- Business loans starting from $5,000
Qualifications
- Credit Score: 500+
- Age Of Business: 1+ years
- Annual Revenue: $100,000+
- Collateral: Business lien
- Terms: 3 -36 months
- Repayment: Daily or weekly
- Max Amount: $500,000
Estimated APR
8% - 30%
varies on creditMin. Credit Score
620
Geeky Insight
- Business loans with Fundation require a 620 credit score.
Qualifications
- Credit Score: 620
- Age Of Business: 1+ years
- Annual Revenue: $25,000+
- Collateral: N/A
- Terms: 3-36 months
- Repayment: Weekly
- Max Amount: $250,000

- Flexible borrowing amounts
- Great for military veterans
Estimated APR
9% - 40%
varies on creditMin. Credit Score
600
Geeky Insight
- Rates as low as 9.00% with Street Shares.
Qualifications
- Credit Score: 600+
- Age Of Business: 1+ years
- Annual Revenue: $25,000+
- Collateral: None
- Terms: 3-36 months
- Repayment: Weekly
- Max Amount: 20% of annual income

- No prepayment penalty
- Good for established businesses
- Flexible term lengths

- Borrowing capped at 20% of your annual revenue
- Weekly payments
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Best Small Business Loans Overview:
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
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
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
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
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.