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Our experts ranked and reviewed everything from interest rates to loan amounts to find the best small business lenders of 2024. While some lenders may be partners, this didn’t influence our selection process.

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Read more about how we scored the 2024 Bankrate Awards winners in .

See our top picks

Awards

Best minority-led small business lender

Lendistry

Lendistry

Learn more in our Bankrate review
Highlights High loan amounts Awards several grants Easy online application

Why they won

Top features

Awards

Best CDFI for small business loans

Accion Opportunity Fund

Accion Opportunity Fund

Learn more in our Bankrate review
Highlights Low interest rates Welcomes bad credit and startups Flexible repayment terms

Why they won

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Awards

Best business line of credit

Fundible

Fundible

Learn more in our Bankrate review
Highlights Welcomes bad credit and startups Flexible repayment terms No prepay penalties

Why they won

Top features

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Awards
Awards

Best small business lender for bad credit

Fundible

Fundible

Learn more in our Bankrate review
Highlights Low starting rates Flexible repayment terms Long repayment terms

Why they won

Top features

Awards

Best small business lender for good-to-excellent credit

Wells Fargo

Wells Fargo

Learn more in our Bankrate review
Highlights Unsecured credit lines Low interest rates Top SBA lender

Why they won

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Awards

Best small business lender for newer businesses

Taycor Financial

Taycor Financial

Learn more in our Bankrate review
Highlights Open to bad credit Accessible equipment loans Long repayment terms

Why they won

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Awards

Best small business lender for equipment loans

Creditfy

Creditfy

Learn more in our Bankrate review
Highlights Low rates Accepts bad credit Low annual revenue requirement

Why they won

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Awards

Best lender for working capital loans

Wells Fargo

Wells Fargo

Learn more in our Bankrate review
Highlights Low interest rates Unsecured options No annual revenue requirement

Why they won

Top features

Awards

Best small business lender for fast business loans

Creditfy

Creditfy

Learn more in our Bankrate review
Highlights Low interest rates Unsecured options High approval rate

Why they won

Top features

Awards

Best small business lender for SBA loans

Live Oak Bank

Live Oak Bank

Learn more in our Bankrate review
Highlights Top SBA lender High loan amounts Long repayment terms

Why they won

Top features

Explore the best of the best

Check out the 2024 Bankrate Awards winners across our top categories.