Best Startup Business Loans

What are the best startup business loans? Securing a good business loan can be challenging, especially when you have no or little credit history, but there are still many lenders that provide this type of loan to interested start-up owners. In this article, we have compiled some of the best startup business loans you can apply for. With these loans, you can cover your operating costs.

Best Startup Business Loans

Note: If you have a low credit score and want to access more flexible and convenient funding, you can consider crowdfunding campaigns and funds from friends and family. Check out the next outline for some of the best startup loans to apply for for your business.

Best Startup Business Loans

Since researching the best products or services can be time-consuming and stressful sometimes, you can make use of this list to find the right lender.

  • Biz2Credit.
  • Fundbox.
  • BlueVine.
  • Lendio.
  • OnDeck.
  • Accion Opportunity Fund.
  • Kiva.
  • Wells Fargo.
  • Finance Factory.
  • Upwise Capital.


One of the highly propounded startup business loans is Biz2Credit. Trust me, I urge you to go check it out. With a credit score of 660 or higher, you can secure a loan from $25,000 to $500,000 conveniently. What’s more, the Biz2Credit APR range is between 15.99% and 29.99%, and you can apply anytime and anywhere you are.


When it comes to quick approval, Fundbox is the best. In addition to this, they offer next-day funding, and they decide within three minutes. What’s more, you do not need a high credit score to qualify. Their loan amounts range from $1,000 to $150,000.


Another startup business loan I would like to propose is BlueVine. They are also quite known for their flexible lines of credit. Whereas, you need to have a minimum credit score of 625 and meet the other requirements to be approved for a business loan for a startup from BlueVine. Although their APR range is not disclosed, you can apply for a loan from $6,000 to $250,000.


Lendio has an APR range of as low as 3% and provides loans of up to $500 to $5 million. All of these amazing services made it onto the list of the best startup business loans. In addition to this, you can connect with over 75 lenders when you want to apply and also access different loan products conveniently.


OnDeck is the best short-term startup business loan. Moreover, they offer same-day funding and require a low credit score to qualify. What’s more, their term loans range from $5,000 to $250,000, while their lines of credit go up to $100,000. However, there are some states in the USA that will not be able to access the OnDeck services.

Accion Opportunity Fund

The Accion Opportunity Fund is the perfect choice for underserved communities. Furthermore, they have a lot of good reviews and allow business owners to apply for loans ranging from $5k to $250k with ease.


One of the best startup business loans is Kiva, and it is suitable for community support. Furthermore, their approval or funding period is 5 working days, and they offer loan amounts ranging from $1,000 to $15,000. As for the credit score aspect, Kiva does not conduct or carry out a credit history check.

Wells Fargo

This is the best startup business loan for traditional banks, and they offer loan amounts ranging from $5,000 to $50,000. However, you need to have a minimum credit score of 680, and their prime interest rate is 4.50% or higher. Nonetheless, you do not need collateral to collect or apply for a startup loan from Wells Fargo.

Finance Factory

With loan amounts ranging from $5,000 to $350,000, Finance Factory is one of the best places to visit if you are looking for a startup business loan. Whether you are a new business owner or an existing one, you are qualified for the loan Finance Factory offers. They also send funds to clients after their application within seven to 10 days. Apart from this, Finance Factory provides a wide range of funding products.

Upwise Capital

Upwise Capital is the best startup business loan for unpaid invoices. Apart from being among the best, they offer loan amounts up to 100% of the invoice amount. What’s more, the process is very fast and is usually approved the same day. So, you can say that Upwise Capital is one of the best same-day startup business loans.

Tips For Comparing Startup Business Loans

The following are tips that you should weigh when considering any startup business loans:

  • Access the lender’s customer support options.
  • Review the repayment terms and flexibility.
  • Think about the yearly revenue requirements and time in business.
  • Check out for additional fees.
  • Find out how you want to receive the funds.

So, these are some of the things to consider when shopping for the best startup business loans online.