I need my money now: Best small business loans in 2019

Need a loan for your business, but don’t where to go? You will want to check out these best small business loans in 2019.

small business loansYou’ve got a golden business idea primed and ready to conquer the world. But, like every business trying to get up and running, you need funding. And unless you suddenly find out about a rich uncle you never knew about, you’re going to need small business loans.

The good news? There are a lot of lenders out there ready and willing to lend to small business owners.

The bad news? It can be difficult to figure out which ones are the right ones to do business with.

Fortunately, you’re in the right place. We’ve put together a list of the places offering the best small business loans. So you won’t have to spend time sifting through all the hundreds of places out there. And you’ll be able to focus on actually running your business.

Sound good? Keep reading to find out more!

Small business loan stats

These days, very few small businesses are able to get up and running, let alone flourish, without working with some sort of financing.

In fact, the National Small Business Association said that in 2016, 69% of small businesses used financing. That refers to loans, crowdfunding, credit cards, and even payday loans from places like Bonsai Finance.

And the rest weren’t able to get financing, so they essentially had to go it on their own.

This same report shows a correlation between the availability of financing for small businesses and their ability to hire employees and achieve legitimate growth.


We love Kabbage for small business loans to very small businesses.

An Atlanta based lender, Kabbage has worked with small businesses worldwide since its founding in 2009. Since then it has doled out more than $4 billion in financing to businesses.

One immediate positive is that Kabbage utilizes an automated lending platform. This means there aren’t a series of hoops to jumps through and people to wait to hear from just to get the ball rolling.

Another great feature is that is has a remarkably low revenue requirement. If your business has an annual revenue of at least $50,000, they will potentially lend to you.

This means that it can cater to businesses who might otherwise be turned away, offering them credit lines of $2,000 to $250,000.

They are great for small businesses that have been around for at least a year, have an immediate need for cash on hand, and are looking to work with a shorter period for repayment.

One downside of Kabbage is if you need a longer line of credit than one year, they probably aren’t the right lender for you.


OnDeck is a great lender when it comes to working with small businesses that don’t have great credit scores.

They’ve been around since 2007, and since then they have done more than $10 billion worth of business with small businesses.

OnDeck offers both lines of credit and term loans. The terms loans range up to $500,000 and the lines of credit go up to $100,000.

For term loans, they require a FICO score of at least 500, which is lower than many of their competitors. They offer longer terms than other companies, with offers up to 36 months.

And they also have an A+ rating from the Better Business Bureau, which is always a good sign in our book!

One potential downside for OnDeck is that they require collateral from your business, and you have to show an annual revenue of $100,000. And you have to have been up and running for at least a year.

So they are great for businesses that meet those requirements and are looking for a loan of up to half a million dollars.


BlueVine is a newer kid on the block, but that didn’t keep it off our list. It was founded in 2013, but since then has given out over $1 billion in loans to 10,000 plus businesses.

They are a great resource for invoice factoring as well as lines of credit. Why is this a big positive in our book?

Well, with invoice factoring, the minimum requirements for new small business are quite reasonable. BlueVine will offer invoice factoring to businesses that have only been up and running for three months.

They also offer short term (6-month) lines of credit for businesses who have been operating for only six months. So they can be a real shot in the arm for small businesses who are brand new.

Their FICO credit score minimum requirement for invoice factoring is 530, and for lines of credit, it’s 600.

Of course, because they are more lenient with their credit and minimum operating time requirements, they do have a steeper annual revenue requirement than some other places.

They require at least $100,000 for invoice factoring and $120,000 for their short term lines of credit.

So, assuming your business can meet the revenue requirements, BlueVine might be a perfect solution for you if you have been operating for less than a year and don’t have great credit yet.

Funding Circle

Finally, let’s throw a P2P lender into the mix.

Funding Circle connects investors directly to small businesses, and it’s already done $7 billion worth of investments around the world.

The most notable benefit to going with Funding Circle is they have outstanding starting APR offers. And another great aspect is they have no requirement for minimum annual revenue.

They are a bit more stringent with their credit requirements though. They ask for a minimum of a 620 FICO score. And they require businesses to be running for at least two years.

They have a minimum loan amount of $25,000 for their term loans, and generally, are able to provide the loan funds within two or three days.

So Funding Circle is a great option for businesses that have fair credit, have been around a little longer, and want a low APR.

The best small business loans

Hopefully, this list of the best small business loans and lenders has been helpful for you. Reach out to one today to begin financing your small business, and you’ll soon be able to capitalize on the short term loan with genuine ROI!

If you have questions or want to learn more, don’t hesitate to contact us today!