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The Best Business Loan Providers

Where Can You Get the Best Business Loans?

Whether you're kicking off a new enterprise, scaling up your current operation, or launching a digital storefront, there's a good chance you'll find yourself in need of a business loan. Traditionally, small business owners would turn to their local banks for financing, where personal relationships and reputations were significant factors in securing a loan. Back then, options were limited, making the hunt for low-interest rates a real challenge.

Today, the landscape has shifted favorably for business owners. A wealth of online lenders are available, offering competitive terms and rates, all vying for your business. The trick is to find a reputable business lender that meets your particular needs and objectives.

Saturday, April 20th

2024 Business Loan Provider Reviews

National Funding Review
Top Consumer Reviews Best-In-Class Blue Ribbon Award Top Consumer Reviews BBB Badges
5 Star Rating

National Funding

5 Star Rating Top Consumer Reviews BBB Badges Top Consumer Reviews Best-In-Class Blue Ribbon Award

National Funding is dedicated to providing small business owners with the financial support they need to thrive. With a focus on personalized service and tailored lending solutions, National Funding offers a range of options, including small business loans and equipment financing, to help entrepreneurs achieve their business goals. They offer loans ranging from $5,000 to $500,000, and a solid BBB rating with many loyal customers. With fast access to funds and a high level of customer service, they earn our highest rating for business loan providers.

National Business Capital Review 4.5 Star Rating

National Business Capital

4.5 Star Rating

National Business Capital, based in Hauppauge, NY, is a leading financial services firm that offers a wide range of loan solutions to businesses of varying sizes. They've successfully provided over $2 billion in funding since 2007, supporting business growth by leveraging their unique relationships with prominent B2B lenders. Their application process is designed to be efficient and secure, allowing clients to complete it within minutes. These facts, together with their generous loan ranges, earn them one of our highest ratings.

CAN Capital Review 4.5 Star Rating

CAN Capital

4.5 Star Rating

CAN Capital specializes in working capital loans and equipment financing for small businesses. With over $8 billion funded through 190,000 transactions, they have a robust history in the financing sector. Their streamlined online application promises quick, personalized financial solutions. Even though details on loan terms and fees remain hard to find on their website, their positive reviews and features still result in a high rating here.

Balboa Capital Review 4 Star Rating

Balboa Capital

4 Star Rating

Balboa Capital, with a lending capacity exceeding $7 billion, provides a variety of funding products tailored to support small businesses' growth and operational needs nationwide. This lender has a streamlined application process, industry expertise, and personalized service, and its extremely satisfied clientele would tell you that Balboa Capital is an option you shouldn't miss when deciding where to get a business loan.

Funding Circle Review 4 Star Rating

Funding Circle

4 Star Rating

Funding Circle is worthy of consideration as a lender as it presents an array of business loan options, striving to cater to diverse needs and preferences. They note that they have loaned over $20.2 billion to small businesses, having helped 135K companies across 700 industries. This robustness is indicative of the company's commitment to support a wide array of entrepreneurial landscapes. While some small businesses may not qualify for a business loan here, Funding Circle still gets our recommendation as a worthwhile option to consider for your loan.

LendingTree Review 3.5 Star Rating


3.5 Star Rating

LendingTree provides a wide array of loan options and an easy application process. However, keep in mind that loan terms vary as they are an intermediary, not a direct business lender. They enjoy generally positive client ratings and an impressive "A+" BBB rating. We rate LendingTree as a recommended lender for business financing, as long as you're aware of their business process.

LendingClub Review 3.5 Star Rating


3.5 Star Rating

LendingClub is a leading online lending marketplace, offering a range of loan products for both personal and business use. Personal loans range from $1,000 to $40,000, while business loans offer between $5,000 to $500,000, each with fixed rates and flexible payment terms. LendingClub is recommended for its user-friendly online application process, absence of prepayment penalties, and commitment to transparency and customer service.

Fundera Review 3 Star Rating


3 Star Rating

Fundera is an online marketplace that connects small businesses with a variety of loan options to meet their financial needs. While it offers an array of services and a team of dedicated loan specialists, some clients have reported issues with transparency and the turnaround time for funding. We'd tell you to look at other providers first before deciding to use Fundera.

Upstart Review 2 Star Rating


2 Star Rating

Upstart is a technology-driven personal loan provider, known for its use of artificial intelligence and machine learning in streamlining the loan application process. The platform offers personal loans ranging from $1,000 to $50,000. Unfortunately, at the time of this review, Upstart had suspended its business loan program, making it a poor choice for business owners to borrow funds.

Atlas One Fund Review 1 Star Rating

Atlas One Fund

1 Star Rating

Atlas One Fund is an alternative business loan provider that offers various financing solutions to help small businesses obtain working capital. As a non-bank lender, they aim to provide a faster funding process than traditional bank loans. But, because they don't have any reviews from clients that allow us to verify that they're on the up-and-up, we can't give this lending platform our recommendation.

Compare the Best Reviews

Continued from above...

Online business loans have gained immense popularity in recent years, transforming the landscape of financial transactions for entrepreneurs and small business owners alike. The appeal of these loans extends beyond mere convenience; it encompasses a variety of factors that business owners are increasingly taking advantage of.

One important aspect that contributes to the popularity of online business loans is the accessibility they provide. Unlike traditional lending institutions, online lenders offer a streamlined application process that can be completed from the comfort of your home or office.. This accessibility is a game-changer for busy entrepreneurs who may find it challenging to carve out time for lengthy in-person meetings with traditional lenders. The online platform enables borrowers to initiate the loan application at their convenience, eliminating the need for physical presence and extensive paperwork.

The speed at which online business loans are processed is also a significant driving force behind their increased popularity. Traditional banks often involve prolonged approval procedures, requiring extensive documentation and meticulous scrutiny. In contrast, online lenders leverage technology to expedite the approval process. With algorithms and automated systems, these lenders can often assess applications quickly, providing borrowers with prompt decisions. This quick turnaround is particularly crucial for businesses facing urgent financial needs or time-sensitive opportunities.

Another often overlooked reason why online business loans have become so popular is the flexibility the offer. Traditional lenders often adhere to rigid criteria, which makes challenging for businesses with less-than-perfect credit histories to secure funding. Online lenders, on the other hand, often consider a broader range of factors in their assessment, including the business's online presence, cash flow, and overall financial health. This flexibility opens up opportunities for a more diverse array of businesses and financial conditions.

So how do you determine which business lender is right for you? There are several key considerations you should weigh in your evaluation:

  • Loan amount and interest rate: What's the maximum amount you can borrow, and what are the interest rates like for loans of that size?
  • Application process: Is it possible to tackle the loan application online? How streamlined and user-friendly is the application process?
  • Business history requirements: Is there room for a brand-new business to secure a loan, or do you need a certain amount of operating history? What other requirements or collateral might be necessary?
  • Lender reputation: Does the lender have a solid track record of ethical business practices, as evidenced by their BBB rating or other industry standards?

These factors are especially important as lenders adapt and evolve their services. For a rundown of the top business loan providers, Top Consumer Reviews has curated a list of the best options out there. This resource will help you secure the most suitable loan for your business at a manageable rate.

The Best Business Loan Providers Compare Business Loan Providers Compare Business Loan Provider Reviews What are the best Business Loan Providers Best Business Loan Provider Reviews

Business Loan Provider FAQ

Business loans are available for just about any need: equipment financing, merchant cash advances, working capital, and much more. While you'll have to provide details about your business to apply and qualify for a business loan, once you've received the funds you can usually use them for whatever your company needs.
There are several types of lenders when it comes to business loans. You could get funding through a traditional bank or credit union, either locally or online. There are also peer-to-peer lending platforms that allow smaller financial institutions and even private investors to fund business loans.
You'll definitely pay interest on your business loan. Rates typically range from 1.5% to as high as 36% APR. You may also have origination fees of up to 6% of the loan amount, depending on the lending partner you select.
That always depends on the lender. Some providers of business loans require you to have a certain length of time in business or a minimum amount of gross annual sales to even apply. It's a good idea to determine those requirements before you begin the application, to save yourself some time and hassle.
Most of the time, you can complete the entire business loan process, from application to funds transfer, 100% online. That's a huge convenience for busy business owners like you, who might be applying outside of traditional bank hours.
Most lenders offer business loans ranging from $2,000 to $500,000. The amount you're approved for will depend on the lender you select and your business situation: naturally, the longer you've been in business and the more profitable you've been, the more likely it is that you'll be approved for a large loan.
You should have the proceeds of your business loan in your account within a week. However, if you need the money sooner, look for a lender that offers next-business-day funding. And, keep in mind that those timeframes are based on when you accept the loan offer you get, not just when you finish the application. Your business loan may require extra verification steps, like documentation of income and expenses, before you receive a funding offer.
Any time you take out a loan, you run the risk of defaulting. Be sure to only borrow what you need and maybe a little extra, and have a clear plan for making on-time loan payments. Many providers of business loans offer education and counseling at no extra charge, if you could use help in determining how much to borrow and how to use the loan wisely to maintain and grow your company.

Compare Business Loan Providers

Select any 2 Business Loan Providers to compare them head to head

  • National Funding
  • National Business Capital
  • CAN Capital
  • Balboa Capital
  • Funding Circle
  • LendingTree
  • LendingClub
  • Fundera
  • Upstart
  • Atlas One Fund
National Funding vs National Business Capital National Funding vs CAN Capital National Funding vs Balboa Capital National Funding vs Funding Circle National Funding vs LendingTree National Funding vs LendingClub National Funding vs Fundera National Funding vs Upstart National Funding vs Atlas One Fund National Business Capital vs CAN Capital National Business Capital vs Balboa Capital National Business Capital vs Funding Circle National Business Capital vs LendingTree National Business Capital vs LendingClub National Business Capital vs Fundera National Business Capital vs Upstart National Business Capital vs Atlas One Fund CAN Capital vs Balboa Capital CAN Capital vs Funding Circle CAN Capital vs LendingTree CAN Capital vs LendingClub CAN Capital vs Fundera CAN Capital vs Upstart CAN Capital vs Atlas One Fund Balboa Capital vs Funding Circle Balboa Capital vs LendingTree Balboa Capital vs LendingClub Balboa Capital vs Fundera Balboa Capital vs Upstart Balboa Capital vs Atlas One Fund Funding Circle vs LendingTree Funding Circle vs LendingClub Funding Circle vs Fundera Funding Circle vs Upstart Funding Circle vs Atlas One Fund LendingTree vs LendingClub LendingTree vs Fundera LendingTree vs Upstart LendingTree vs Atlas One Fund LendingClub vs Fundera LendingClub vs Upstart LendingClub vs Atlas One Fund Fundera vs Upstart Fundera vs Atlas One Fund Upstart vs Atlas One Fund
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