Small business loans let eligible business owners borrow funds to cover company-related purchases and operating expenses. Whether you’re just starting your business or trying to grow, the best small business loans can help you access the capital your business needs to thrive.

Methodology

We reviewed 15 popular lenders based on 16 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience and the application process. We chose the nine best lenders based on the weighting assigned to each category:

Loan cost: 35%
Loan details: 25%
Customer experience: 20%
Eligibility and accessibility: 10%
Application process: 10%

Within each major category, we also considered several characteristics, including available loan amounts, repayment terms and applicable fees. We also looked at minimum credit score and time in business requirements and the geographic availability of the lender. Finally, we evaluated each provider’s customer support tools, borrower perks and features that simplify the borrowing process—like online applications, prequalification options and mobile apps.

Where appropriate, we awarded partial points depending on how well a lender met each criterion.

Here’s A Summary Of Best Small Business Loans Of 2022

Company	Forbes Advisor Rating	Best For	Loan amounts	Learn More CTA text	Learn more CTA below text	Minimum credit score
OnDeck	4.5	Short-Term Loans	$5,000 to $250,000	View More	Via Ondeck’s Website	600
Lendio	4.5	A Lender Comparison Site	$500 to $5 million	View More		560
BlueVine	4.0	Flexible Lines Of Credit	$6,000 to $250,000	View More		600
Fundbox	4.0	Quick Approvals	$1,000 to $150,000	View More		600
TD Bank	4.0	Healthcare Professionals	$10,000 to $5 million	View More		660
Funding Circle	4.0	Established Business	$25,000 to $500,000	View More		660
National Funding	4.0	Small-To Mid-Sized Business	$5,000 to $500,000	View More		500
Biz2Credit	4.0	Loan Options	$25,000 to $2 million	View More		575
Kabbage	4.0	Lines Of Credit Backed By American Express	$1,000 to $150,000	View More		640