By Casey Frost
Last updated: 2025 — Rates reviewed
Apply for a small business loan with confidence using this complete guide. Running a small business involves many decisions, and securing the right funding is one of the most important. This guide covers everything you need to know about small business loans — what they are, how they work, the different types available, the best lenders in the U.S., and a clear step-by-step application process.
Whether you’re looking for an SBA-backed loan, a fast online option, or financing with less-than-perfect credit, you’ll find practical tips, comparison tables, and up-to-date rates to help you make the best choice and get funded quickly.
Best Small Business Loan Lenders
| Lender | Loan Amounts | Typical Rates / Terms | Best For | Funding Speed | Apply |
|---|---|---|---|---|---|
| SBA / Partner Banks | Up to $5M (7(a)) | Prime + 2.25–4.75% (≈8–11% APR), up to 25 yrs | Long-term, low-cost financing | Several weeks | [Apply Now] |
| Kabbage (Amex) | $2K – $250K (line of credit) | 6%–18% APR; 6–18 mo | Flexible working capital credit | Same-day to 3 days | [Apply Now] |
| OnDeck | $5K – $250K (term loans & lines) | 15%–35% APR; 6–24 mo | Fast approval for established businesses | 24–72 hrs | [Apply Now] |
| BlueVine | Up to $250K (credit line) | 6.2%–20% APR; revolving | Flexible short-term credit | Same-day to 48 hrs | [Apply Now] |
| Fundbox | Up to $150K (credit line) | 10%–25% APR; 12–24 weeks | Short-term working capital | Same-day | [Apply Now] |
| National Funding | $5K – $500K (term + equipment) | 15%–35% APR; 4–24 mo | Equipment financing & high-volume needs | 24 hrs | [Apply Now] |
Note: Rates are approximate. Always confirm with the lender before applying.
Conclusion
Securing the right loan can make the difference between surviving and scaling.
Know your needs (amount + purpose).
Match the loan type (SBA for long-term, online lenders for speed, microloans for startups).
Prepare documents before applying.
Compare offers — even a 1–2% APR difference saves thousands.
Have a backup plan — grants, crowdfunding, or microloans.
👉 Ready to move forward?
[Compare Lenders in the Table Above]
With preparation and the right lender, you could have funding in your account within a week.
