Small Business
Small business loans and credit cards can help launch your startup, cover overhead costs, purchase equipment, refinance debt — and more. Explore your options below and find the right business loan or business credit card for you.
Spotlight articles
What is an equipment loan and how does it work?
An equipment loan helps businesses purchase equipment without paying the total amount upfront.
Pros and cons of bad credit business loans
Bad credit business loans are attractive, but they aren’t without disadvantages.
Alternatives to short-term business loans
Long-term business loans can have lower interest rates and larger borrowing amounts.
Average business line of credit interest rates
Interest rates for business lines of credit can range from 8% to 60% or higher.
Loans for small businesses
Small business loans provide capital to help cover just about any business expense.
You have a variety of options to choose from, including working capital, term loans, business lines of credit and equipment loans, just to name a few.
Banks and credit unions are well-known places to get business loans. But eligibility requirements can be strict. Business owners with fair or bad credit will have better luck with online lenders, also known as fintech lenders and nonbanks. And for even more options, community-development financial institutions (CDFIs) and Minority Depository Institutions (MDIs) have a track record of helping minorities and other business owners in low-income communities who struggle to gain access to funds from traditional lenders.Credit cards for small business
Business credit cards are a great way to cover short-term business expenses. Like business lines of credit, you gain access to a pool of funds that you can repeatedly use up to your credit limit, and you’re only charged interest on the funds that you use.
Unlike small business loans, you have a chance to pay off your debt without any interest charges as long as the business credit card offers a grace period and you pay your balance in full each month. usiness credit cards also come with features not found with business loans. This may include free employee cards, cash back or travel rewards for purchases, and business-related perks.
What's new
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How much will a fast business loan cost?
Fast business loans can finance businesses quickly, but how much will it cost?
4 min read Jun 07, 2024 -
How to manage a short-term business loan
Short-term business loans are a great way to get fast funding. Here are five tips for managing them.
4 min read Jun 07, 2024 -
When it’s time to get a business credit card for your side hustle
Here’s how to know it’s time for a small business credit card.
7 min read Jun 06, 2024 -
Huntington National Bank vs. Wells Fargo: Which small business lender is right for you?
If you’re interested in an SBA loan, either Huntington National Bank or Wells Fargo could be a good fit.
5 min read Jun 04, 2024 -
Funding Circle vs. OnDeck: Which small business lender is right for you?
Funding Circle and OnDeck offer similar types of business loans, but depending on your needs, one may be better suited for you than the other.
5 min read Jun 04, 2024 -
Capital One vs. Wells Fargo: Which small business lender is right for you?
Wells Fargo specializes in multiple business lines of credit and SBA loans, but Capital One may also be worth a look. The choice between the two depends on the specific needs of the business.
8 min read Jun 04, 2024 -
Can you collect unemployment benefits if you have a side business?
If you’re unemployed, some part-time work can reduce what benefits you collect.
5 min read Jun 04, 2024 -
What are small business loans and how do they work?
A small business loan is money borrowed from a lender that must be repaid with interest.
6 min read May 31, 2024 -
What documents are required to apply for an equipment loan?
See the general list of documents you need when applying for an equipment loan.
4 min read May 31, 2024 -
How long does it take to receive an unsecured business loan?
See how long the loan approval process takes for an unsecured business loan.
5 min read May 31, 2024