The best in
To determine the best small business loan services, Bankrate looked at a wide range of factors and features to determine the best options of 2025. While some lenders are partners, this did not influence our selection process.
Written by
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 2025 Bankrate Awards winners in .
See our top picks
Best CDFI for small business loans
Accion Opportunity Fund
Why they won
Accion Opportunity Fund is a nonprofit lender with a mission to expand social equity in lending. They offer affordable term loans to traditionally underserved communities and even offer coaching services to qualified borrowers.
Top features
- Competitive interest rates starting at 8.49%
- Loan amounts up to $250,000
- Business coaching and mentoring
Best small business lender for bad credit
Fundible
Why they won
Fundible has a wide range of low options for businesses with bad credit. Not only that, but they offer funding within 24 hours and require no collateral for most loans.
Top features
- Funds available within 24 hours
- High loan amounts
- No prepay penalties
Best small business lender for good-to-excellent credit
Wells Fargo
Why they won
Wells Fargo offers favorable interest rates and long repayment terms through the company’s business line of credit and SBA loans.
Top features
- Free rewards program available
- Offers two types of unsecured credit lines
- SBA Preferred Lender
Check out the latest small business loan rates
See today's rates and compare lenders all in one place.
Compare today's rates
Best small business lender for newer businesses
Taycor Financial
Why they won
Taycor offers a range of equipment loan options to businesses with just three years of applicable field experience. They also offer loans to companies with a minimum time-in-business of three or six months.
Top features
- High loan amounts available
- Low annual revenue requirements
- Low time-in-business requirements
Best small business lender for equipment loans
Creditfy
Why they won
Creditfy’s equipment loans offer more favorable terms than many competitors. They also have more relaxed eligibility requirements, welcoming business owners with low revenue, limited time in business and bad credit.
Top features
- Low minimum credit score required
- Low interest rates
- Funds available as fast as 24 hours
Best small business lender for business lines of credit
Fundible
Why they won
Fundible offers competitive lines of credit that do not require any collateral and have minimum eligibility requirements. The company offers a wide range of loan amounts starting as low as $1,000.
Top features
- No prepay penalties
- Lines of credit up to $500,000 available
- Accepts bad credit and startups
Best small business lender for fast business loans
Creditfy
Why they won
Creditfy boasts several loan options that can be funded in just 24 hours. The company also has relaxed eligibility requirements and accepts 90% of applications. As such, many small businesses have a better chance of approval with Credtify than most other lenders.
Top features
- Open to 99% of industries in the U.S.
- Unsecured loan options available
- Fast application process
Best small business lender for SBA loans
Huntington National Bank
Why they won
Huntington National Bank is among the nation’s top SBA lenders by loan amount. The company’s status as a preferred lender authorizes the company to approve loans at a faster rate than most competitors.
Top features
- Wide range of loan amounts available
- Term lengths up to 25 years
- Wide selection of other business products
Best small business lender for short-term business loans
Backd
Why they won
Backd has a wide range of loans available starting at just $10,000. The company has fast, short-term business funding to business owners and requires just one year of time in business.
Top features
- Funding within 24 hours
- Flexible repayment terms
- Requires just one year of time in business.
Best small business lender for startups
OnDeck
Why they won
Ondeck offer a customizable short-term loan that allows you to make fixed daily or weekly payments as you see fit. The company also requires a credit score of just 625, making it a good fit for startups with imperfect credit scores.
Top features
- Flexible repayment terms
- Customizable repayment schedule
- Loans available up to $250,000
Explore the best of the best
Check out the 2025 Bankrate Awards winners across our top categories.
