2026 Business Loan Provider Reviews
Where can you get the best business loans? Anyone who is in business for themselves knows that sometimes getting access to outside funds is essential to keeping their business moving in the right direction. From one-man operations to storefronts, from services to ecommerce, small business owners must be able to find reputable and trustworthy sources when the need for additional funds arises. In the past, such options were only available from the local bank, relying on personal relationships to secure financing.
Very Good
- Marketplace with range of loans available up to $5 million through SBA loans
- Some fund as quickly as 24 hours
- Concierge service to guide through options
- Variety of terms from three to 300 months
- Requirements vary based on lender and type of loan
- Options for borrowers with bad credit
- 13,000 5-star reviews
- "A+" rating from the BBB
- In business since 1997
For over 20 years, LendingTree has been the largest financial marketplace in the United States, offering business loan offers in two minutes or less from their network of more than 300 lenders. They also will connect you to business lines of credit, working capital loans, SBA loans, and startup business loans.
Bonus benefits and lender options
LendingTree provides ongoing support for users with free credit monitoring and other tools to help you save. Some of their business lenders include iBusiness Funding, Live Oak Bank, Fundbox, American Express, Taycor Financial, Fora Financial, Credibly, OnDeck, Headway Capital, Accion Opportunity Fund, altLINE, Bank of America, and National Funding.
Marketplace benefits and drawbacks
The benefits of LendingTree having a marketplace for business owners is the sheer number of possibilities offered. Not only can you get a typical business loan here, but you can also apply for a line of credit, working capital loan, SBA loan, or startup business loan. Even those with bad credit may find something here. This immense volume of possibilities can be either beneficial or overwhelming for busy entrepreneurs. However, it can also offer a one-stop-shop to compare offers. Drawbacks include that you may have to dig around to find what you're looking for on their website. To counter this, LendingTree offers a concierge service for small business owners to consult and make informed decisions.
Easy to apply
With an easy application that can be completed with basic information about your business in just a few minutes, LendingTree will pair you with an account executive to guide you through the lending process and the offers they have for you. After a phone call with your account exec, LendingTree will make personalized recommendations and follow you through the closing process. Because you are required to provide information for LendingTree to find you loans, keep in mind that you may have to repeat the process when you choose the lender with the best offer for you. While this may make you experience deja vu, it's usually a necessary part of the process when you use a marketplace, since most lenders require their own application forms.
Eligibility requirements not explicitly stated
Since they work with a myriad of lenders, requirements will vary. However, the LendingTree account exec will match you only with the ones you qualify for. Their website offers some of the possible lenders along with their requirements, starting rates, terms, and amounts - if you want to sift through all that. Since you won't be applying specifically to one of these lenders, this is strictly informational to provide an idea of what's available and inform after you have been given options.
Not easy to navigate
Packed with lots of information, LendingTree's small business loans page lists lender possibilities, types of loans, possible requirements, a checklist of what you may need to apply, considerations prior to getting a loan, and more. It's a treasure trove of information, unfortunately all shoved into one long page to scroll in a small font. Since they are a marketplace for all types of loans, all of the small business info is crammed onto a single page, making it difficult to find just what you're looking for.
Thousands of high reviews
Accredited by the BBB, North Carolina-based LendingTree has an excellent "A+" rating despite the nearly 200 complaints in the past three years, many regarding persistent sales calls after inquiring about a loan. Reviews across online platforms fluctuate wildly. One site has nearly 2,000 reviews and gives the marketplace 1 star out of 5, with another similarly rating 1.2 from about 1,600 reviews. Alternatively, on Trustpilot the marketplace has more than 16,000 reviewers ranking them excellent at 4.5 out of 5 stars. Since these reviews include all products offered by LendingTree, it's difficult to know how business loan products fared. Negative reviewers warn about being inundated with sales calls within minutes of completing the LendingTree loan form. Many positive reviews commented about the speed of the service and the ease of getting a loan.
Best marketplace for business loans
Decades of experience set LendingTree apart from competing marketplace options. Their reputation is pretty solid and their concierge service gives them high marks from us for those seeking business funding online. Prepare yourself to potentially have to answer many questions twice (first with your LendingTree rep, and then with the lender you ultimately select), but that bit of extra hoop-jumping could score you the exact business loan you need.
Continued from above...
Where Can You Get the Best Business Loans?
Anyone who is in business for themselves knows that sometimes getting access to outside funds is essential to keeping their business moving in the right direction. From one-man operations to storefronts, from services to ecommerce, small business owners must be able to find reputable and trustworthy sources when the need for additional funds arises. In the past, such options were only available from the local bank, relying on personal relationships to secure financing.
In recent years, more and more entrepreneurs have seen things shift in their favor. The rise of online lenders who offer competitive terms without the mounds of paperwork once needed to gain approval for a small business loan means that they now have access to multiple options.
Without any brick-and-mortar location expenses, many online lenders are able to keep their costs lower, passing along savings to their borrowers in the form of lower fees, streamlined processes, and even same-day funding. It's easier than ever before to apply online, upload documentation, and receive the funds in your business account before the end of the day.
Savvy businesspeople find that this enables them to take advantage of sweet deals or make a move to improve their companies as the opportunity arises. The accessibility online lenders make available to business owners nowadays reduces wasted time and allows their borrowers to get back to the business of making money.
Flexibility is another key factor in the trend toward online business loans. In the past, the business owner's credit score was a driving factor. Now, many digital lenders consider other factors in their assessments, allowing companies to build credit through borrowing. Opening up more opportunities for a wide range of businesses and financial conditions to access financing means companies grow and economic conditions improve.
With a myriad of options offered to small businesses to get loans funded, these companies will compete, leaving the borrower as the overall winner. Here are some of the things to consider when deciding where to get your business loan:
- Loan amount and terms of the deal. Lenders have a minimum and maximum amount they are willing to loan to your company. If the one you're looking at doesn't offer what you need, look elsewhere. Also, be sure to read all of the terms about fees, annual interest rate, and total amount borrowed. You don't want any surprises when it's time to pay off the loan.
- Payment frequency and amount. This is something that some people don't realize, but for small loans, you may be required to make weekly or even daily payments. Before you sign anything, be certain you are comfortable with the arrangement.
- Application length and process. How long does it take to get approved? What is involved? Can it be completed online or will you need to meet with someone? If time is of the essence for your financial opportunity, you'll want to make this criterion one of the more important parts of your search. Good news: many online lenders list the time it takes front-and-center on their websites, making it easy to know who can help you quickly, sometimes on the same day you apply.
- Business eligibility requirements. Before you apply, look for the minimum requirements to borrow from an online lender. You don't want to waste your time applying or give out your details unless they are willing to provide funds.
- Lender reputation. What do borrowers say about this online financier? Can you trust them or are they a bit shady? Check their rating with the BBB and compare to other industry standards.
At Top Consumer Reviews, we want to see your business succeed. If that means securing a loan for growth, we've got a list of the best options available today. This curated list should be a helpful tool to help you obtain financing for your small business at terms you can accept, boosting your company to the next level.
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