How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 9 online business loans
Lender | NerdWallet Ratingâ–¼ | Max loan amountâ–¼ | Min. credit scoreâ–¼ | Next steps |
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OnDeck - Line of credit with Fundera by NerdWallet |
Best for Same-day online business loans |
$100,000 | 625 |
with Fundera by NerdWallet |
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American Express® Business Line of Credit |
Best for Online business loans for low-revenue businesses |
$250,000 | 660 |
Read Review
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Fora Financial - Online term loan with Fundera by NerdWallet |
Best for Online business loans for bad credit |
$1,500,000 | 570 |
with Fundera by NerdWallet |
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Bluevine - Line of credit with Fundera by NerdWallet |
Best for Short-term online business loans |
$250,000 | 625 |
with Fundera by NerdWallet |
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Funding Circle - Online term loan with Fundera by NerdWallet |
Best for Long-term online business loans |
$500,000 | 660 |
with Fundera by NerdWallet |
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Fundbox - Line of credit |
Best for Online business loans for startups |
$150,000 | 600 |
Read Review
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National Funding - Online Term Loan with Fundera by NerdWallet |
Best for Unsecured online business loans |
$500,000 | 600 |
with Fundera by NerdWallet |
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Triton Capital - Equipment financing with Fundera by NerdWallet |
Best for Online equipment loans |
$250,000 | 575 |
with Fundera by NerdWallet |
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AltLINE - Invoice Factoring |
Best for Online invoice factoring |
$10,000,000 | 300 |
Read Review
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Here are 9 online business loans
Best for Same-day online business loans
Best for Online business loans for low-revenue businesses
Best for Online business loans for bad credit
Best for Short-term online business loans
Best for Long-term online business loans
Best for Online business loans for startups
Best for Unsecured online business loans
Best for Online equipment loans
Best for Online invoice factoring
I'M INTERESTED IN:
Our pick for
Same-day online business loans
OnDeck offers a short-term line of credit of up to $100,000. The lender can fund applications as soon as the same day.
OnDeck - Line of credit
Max loan
$100,000
Min. Credit score
625
Apr range
35.90-84.90%
Our pick for
Online business loans for low-revenue businesses
Businesses with an average monthly revenue of at least $3,000 may be able to qualify for the American Express® Business Line of Credit.
American Express® Business Line of Credit
Max loan
$250,000
Min. Credit score
660
Our pick for
Online business loans for bad credit
Fora Financial’s minimum credit score requirement is 570, lower than any other lender on our list.
Fora Financial - Online term loan
Max loan
$1,500,000
Min. Credit score
570
Our pick for
Short-term online business loans
Bluevine offers up to $250,000 with repayment terms of six or 12 months.
Bluevine - Line of credit
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
Our pick for
Long-term online business loans
Funding Circle’s online business loans can have terms as long as seven years.
Funding Circle - Online term loan
Max loan
$500,000
Min. Credit score
660
Apr range
15.22-45.00%
Our pick for
Online business loans for startups
Fundbox accepts applications from businesses with as little as six months in business.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Our pick for
Unsecured online business loans
National Funding doesn’t require physical collateral or a down payment for its online term loans.
National Funding - Online Term Loan
Max loan
$500,000
Min. Credit score
600
Our pick for
Online equipment loans
Triton Capital provides equipment loans to businesses in a variety of industries. The lender can fund applications in a matter of days.
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
575
Apr range
5.99-34.99%
with Fundera by NerdWallet
Our pick for
Online invoice factoring
AltLINE’s online invoice factoring can offer business-to-business companies cash for their unpaid invoices.
AltLINE - Invoice Factoring
Max loan
$10,000,000
Min. Credit score
300
What is an online business loan?
Types of online business loans
Business term loans
Business lines of credit
Equipment financing
Invoice financing and invoice factoring
Merchant cash advances
Pros and cons of online business loans
Pros
Cons
How to apply for an online business loan
1. Understand your financing needs
2. Evaluate your qualifications
3. Compare lenders
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Loan amounts.
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Interest rates.
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Additional loan fees.
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Repayment terms.
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Prepayment penalties.
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Customer support options.
4. Submit your application
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Business and personal tax returns.
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Business and personal bank statements.
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Business financial statements (e.g., profit and loss statement, balance sheet).
5. Review your loan agreement and receive funds
Alternatives to online business loans
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.