Small Business Loans

Learn more about APR, term length, and small business loan qualifications.

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SBA 7(a) Loan

Best used for expenses such as, inventory, working capital, equipment, and consolidating debt

  • Loan amounts from $20,000–$5 million
  • Up to 10 year loan term
  • Rate of Prime+2.75% (Currently 6%*)
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*Based on WSJ prime as of 4/13/20. Rate is prime +2.75%

Who is eligible

Small businesses who meet the below criteria are eligible to apply for an SBAk 7(a) loan:

  • In business for more than 3 years
  • At least $500,000 in annual revenue
  • No federal tax liens
  • 680 FICO for personal Guarantor
  • SBA Eligible industries
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Can I qualify for a loan?

Small business owners often don’t believe they have good enough credit to receive a loan, but you shouldn’t give up just because traditional banking institutions rejected you. Every lender of small business loans weighs each factor differently, and you have a good chance of being approved even if you’ve been rejected in the past.

If you’re able to offer collateral for the loan, you can often get better interest rates as lenders will see you as less of a risk. Lenders with all kinds of credit and entrepreneurial histories can qualify for small business loans with competitive interest rates.

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Short- vs. long-term loans

Business owners can look for small business loans with shorter or longer terms based on their financial needs, and the best one for you depends on a few factors. You should consider how you’ll use the money, how much you need, and how much you’ll pay in interest with each option.

If you’re not sure what kind of loan or line of credit you want, consider talking to a financial expert about your situation. They’ll be able to talk you through your choices and help you find the best small business loans that are right for you and your business.

Financing to fuel your business

We help established businesses of all sizes expand, grow, and thrive with the best small business loans for their needs.

Our platform was built on the belief that businesses and investors should support one another. We’ve taken the best parts of an SBA loan, like affordable once-monthly payments and no prepayment penalties, and paired it with our proprietary underwriting technology - creating a loan experience that’s faster, more flexible and made exclusively for small business.

With competitive small business loan interest rates and easy access to financing, businesses can continue to grow, create new jobs, and support their communities.

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Since 2010, Funding Circle has helped businesses in over 700 industries access the capital they need. How can we help you?

90,000 Businesses served globally. $12 billion in funding provided globally

Popular Reasons for Small Business Loans

Some business owners use personal loans to fund their companies, but only a small business loan allows you to keep your personal finances separate from your business endeavors. We’ve helped thousands of established businesses in the US grow, create new jobs, and stimulate economic growth in their local communities with the best small business loans for their needs.

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Boost your cash flow

Cash flow is often one of the top challenges for growing businesses, and a small business loans frees up cash for immediate reinvestment in your company. You’ll have more flexibility in financial decisions and be able to prioritize expansion rather than worrying about day to day expenses.

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Buy New Equipment

Buying equipment for a growing company can add up quickly, especially if you’re looking for the most advanced models. It’s important to find the most powerful tools in order to provide the best possible service to your clients, so don’t underestimate the value of good equipment. We can work with you to find the best small business loan for the items you need.

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Refurbish your premises

Renovating your company’s facilities can be a significant expense, especially if you’re still in the early stages of growth. You need a clean and modern work environment to succeed and attract talent, so think of this as an investment in the business. A small business term loan can cover some or all of the costs involved in renovations.

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Hire Extra Staff

Hiring the top talent puts your business ahead of the competition, but it can be hard for growing companies to put together enough money to bring more staff. If you need to add someone to your team but don’t have the cash to do it, a small business loan with fair interest rates could be the perfect way to get the funding you need.

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One-off Costs

It’s impossible to predict when a variety of one-off costs will come up for your business, and you don’t want to miss out on an opportunity just because you don’t have cash on hand.

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Grow Your Business

Every small business owner wants to grow their company, but you sometimes need an initial investment in order to achieve any worthwhile returns. Small business loans allow you to invest in your company without giving up equity or becoming responsible to shareholders. In addition to the costs above, a small business term loan can help you grow by paying for many other important additions.

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