Grow your business smarter — simple and secure.

Checking your rate won’t impact your credit score

Grow your business smarter — simple and secure.

Checking your rate won’t impact your credit score

Business Loans: A Smarter Way to Grow, Invest, and Succeed

Not all business loans are burdens. The right one can be a powerful tool — giving you the capital to expand operations, invest in new opportunities, strengthen cash flow, and build long-term stability. With responsible use, a business loan isn’t just debt — it’s a strategic asset that can help your company grow, stay resilient, and unlock future potential.

Our Business Financing Options

SmartBiz offers multiple funding solutions tailored to help small businesses grow, expand, and manage cash flow with confidence.

SBA 7(a) Loan

$50,000 – $350,000

Low monthly payments
10-year terms
Best for working capital & refinancing

Sub $150k SBA 7(a) Loan

$50,000 – $150,000

Simplified application
Faster approvals
Reduced documentation

Bank Term Loan

$50,000 – $300,000

Fixed rates from 9.99%
2–5 year terms
Fast funding (≈2 weeks)

Business Line of Credit

$50,000 – $100,000

Revolving access to funds
No withdrawal fees
Ideal for cash flow stability

Who Qualifies & What You Need to Apply

SmartBiz partners look for stable, established businesses. Here’s a clear breakdown of the eligibility criteria and documents required to apply.

Eligibility Requirements

Minimum 3 years in business
U.S.-based, citizen or permanent resident ownership
$250,000+ annual revenue
Personal credit score 660–680+
No tax liens, bankruptcies, or foreclosures
Positive cash flow

Required Documents

6 months of business bank statements
1–2 years of business tax returns
Current business debt schedule
P&L and Balance Sheet (if needed)
ID and voided business check (LOC)

Additional business funding options

Merchant cash advance

A (MCA) gives your business fast access to working capital in exchange for a share of future sales. It’s flexible, with payments adjusting to your revenue, and requires no collateral.

Invoice factoring

Invoice Factoring lets your business get immediate cash by selling unpaid invoices to a financing company.

Business credit cards

Business credit cards provide quick access to revolving credit for everyday expenses and business growth. They help manage cash flow, build your company’s credit history, and often come with rewards or perks.

Small business grants

Small business grants are funds provided by governments or organizations that you don’t need to repay. They give your business free capital to support growth, innovation, or specific projects.

Crowdfunding

Crowdfunding allows you to raise money from a large group of people online, often in exchange for rewards or early access to your product. It helps validate your idea, build a community, and secure funding without traditional loans.

Peer-to-peer lending

Peer-to-peer lending connects your business directly with individual investors who provide loans online. It offers faster access to funding, often with competitive rates and fewer requirements than traditional banks.

Personal loans

Personal loans give you a lump sum of money that can be used for business or personal needs. They’re repaid in fixed installments and can provide quick funding without requiring business collateral.

Bootstrapping

Bootstrapping means funding your business using your own savings or the revenue it generates, without outside investors or loans. It gives you full control and ownership while growing at your own pace.

🔍 Compare Before You Commit

It’s smart to get quotes from both your bank and a few online lenders to:

Compare interest rates
Evaluate loan terms
Decide which option is best for your business

Time in Business

Lenders prefer businesses with at least one to two years of proven revenue history. A consistent track record is more appealing than irregular income over a short period.

Credit Score

Your credit score reflects how reliable you are as a borrower. Most lenders require a personal credit score of mid-600s or higher, though some may accept scores as low as 500.

Cash Flow

Lenders want to see that you manage your business cash flow effectively—knowing when money comes in, when it goes out, and what’s left.

Collateral

Some loans require collateral—assets the lender can claim if you default. This could include property, equipment, accounts receivable, or even personal assets like your home.

Working Capital

Your working capital—calculated as current assets minus short-term liabilities—shows whether you have enough liquidity to cover daily operations and additional debt.

Fixed-Charge Coverage Ratio

This financial ratio helps lenders assess whether your business can cover fixed costs (like debt payments and interest). A higher ratio increases your chances of approval.

Business Loan — Calculator

Business Loan Calculator

Estimate your monthly payment, total cost, and interest for a business loan — plan your growth with confidence.

Loan amount

Min $5,000 — Max $500,000

APR (%)

Annual Percentage Rate for your business loan

Term (months)

From 6 to 120 months

Purpose (optional)

+$10k +$50k +$100k

This is an estimate. Actual rates and terms may vary by lender.

Monthly Payment

Total Interest

Total Repayment

APR

Term

0 months

❓FAQ: Business Loan

💼 How do small business loans work?

Small business loans provide funding that must be repaid over time, typically with interest. You receive a lump sum or access to a credit line and repay it in fixed installments or based on your loan terms.

⚠️ Are there small business loans for bad credit?

Yes. Some lenders specialize in working with low credit scores, though interest rates may be higher and loan amounts lower. Alternative options include secured loans or financing through online lenders.

👤 Am I personally liable for a small business loan?

In many cases, yes — especially for new businesses or sole proprietors. Lenders often require a personal guarantee, which means you’re personally responsible if the business can’t repay the loan.

🚀 How can I get a startup business loan with no money?

Startup loans with no capital are possible but may require strong personal credit, a solid business plan, or collateral. Consider microloans, crowdfunding, or SBA loans designed for startups.

📊 What credit score is needed for a business loan?

Most lenders look for a personal credit score of 650+, but some accept lower scores (even 500) depending on the lender and loan type. A strong business credit score (80+) is also beneficial.

💰 How much income do I need to qualify for a business loan?

Lenders typically want to see steady monthly or annual revenue. While there’s no fixed amount, many require a minimum of $5,000 to $10,000/month or $100,000/year in business income.

🚫 What should I do if I’m rejected for a small business loan?

Start by finding out why you were denied. Improve your credit, build business revenue, or reduce debt. You can also explore alternative lenders, grants, or consider applying with a co-signer or collateral.

Grow your business smarter — simple and secure.

Grow your business smarter — simple and secure.

Business Loans: A Smarter Way to Grow, Invest, and Succeed

Our Business Financing Options

SBA 7(a) Loan

Sub $150k SBA 7(a) Loan

Bank Term Loan

Business Line of Credit

Who Qualifies & What You Need to Apply

Eligibility Requirements

Required Documents

Additional business funding options

Merchant cash advance

Invoice factoring

Business credit cards

Small business grants

Crowdfunding

Peer-to-peer lending

Personal loans

Bootstrapping

🔍 Compare Before You Commit

Time in Business

Credit Score

Cash Flow

Collateral

Working Capital

Fixed-Charge Coverage Ratio

Business Loan Calculator

❓FAQ: Business Loan

Small business loans provide funding that must be repaid over time, typically with interest. You receive a lump sum or access to a credit line and repay it in fixed installments or based on your loan terms.

Yes. Some lenders specialize in working with low credit scores, though interest rates may be higher and loan amounts lower. Alternative options include secured loans or financing through online lenders.

In many cases, yes — especially for new businesses or sole proprietors. Lenders often require a personal guarantee, which means you’re personally responsible if the business can’t repay the loan.

Startup loans with no capital are possible but may require strong personal credit, a solid business plan, or collateral. Consider microloans, crowdfunding, or SBA loans designed for startups.

Most lenders look for a personal credit score of 650+, but some accept lower scores (even 500) depending on the lender and loan type. A strong business credit score (80+) is also beneficial.

Lenders typically want to see steady monthly or annual revenue. While there’s no fixed amount, many require a minimum of $5,000 to $10,000/month or $100,000/year in business income.

Start by finding out why you were denied. Improve your credit, build business revenue, or reduce debt. You can also explore alternative lenders, grants, or consider applying with a co-signer or collateral.

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