Get connected with unsecured term loans and more — with options for high-risk businesses.

  • Best for comparing low-cost online unsecured business loans.
  • Pick something else if you want to avoid closing fees.

    $100,000

    Max. Amount

Details

Product Name Biz2Credit business loan marketplace
Max. Amount $100,000
Loan Term Up to 7 years
APR 4% to 36%
Requirements Varies by lender; typically 2+ years in business; profitable; good personal credit history

How much will this loan cost me?

Biz2Credit’s partners offer unsecured term loans with rates from 4% to 36%. In addition to this, Biz2Credit charges an underwriting fee of around $250 to $400 for nonbank loans — and a similar closing fee for bank loans.

You can borrow as much as $100,000 with terms as long as seven years. Use the calculator below to see how much a business loan might cost at different rates, terms and loan amounts.

Business loan calculator

See how much you’ll pay

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Loan terms (in years)
Interest rate
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Fill out the form and click on “Calculate” to see your estimated monthly payment.

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How it works

The loan amount, rate and term you get all depend on factors like how long you’ve been in business, your cash flow and your personal credit score. To get that 4% APR, you typically need to have a credit score of around 760 or higher, and your business needs to be around for several years and cashflow positive.

What do I need to qualify?

Requirements vary depending on the lender, but you’re more likely to have more options if you meet the following criteria:

  • At least two years in business
  • Profitable
  • Good credit score of at least 670

Biz2Credit offers products to borrowers with bad credit or in the startup phase. But you’re likely to land with rates on the higher end, and might not qualify for the largest loan amounts.

What information do I need to apply?

It varies depending on your lender. But almost all business loans require at least three months of bank statements and your most recent business and personal tax returns.

What industries does Biz2Credit work with?

Biz2Credit can help most types of industries connect with funding. In fact, it has special programs for businesses that might be considered high-risk, like gas stations, liquor stores, insurance agents and car dealerships.

What other types of financing can I get through Biz2Credit?

In addition to unsecured term loans, you can find the following types of financing through Biz2Credit.

SBA loans

SBA loans are government-backed funding from $5,000 to $5 million with rates starting at 6.5% and terms from five to 25 years. Typically you need several years in business and good credit to qualify. And it can take 30 days or longer to get your funds.

Business line of credit

Biz2Credit’s partners offer credit lines from $10,000 to $1 million with rates from 7% to 25% APR and terms from six months to five years. You can draw cash from these lines as needed, making it a helpful resource if you have an ongoing expense, like renovations.

Equipment financing

Get a loan backed by special equipment for your business to cover up to 100% of its value. Rates run from 8% to 30% with terms as long as the estimated life of the equipment.

Merchant cash advance

This high-cost type of financing offers an advance on your business’s future sales. Instead of interest, SmartBiz’s partners charge a flat fee, expressed as a factor rate of 1.14 to 1.45.

To calculate how much you have to repay, multiply the factor rate by the loan amount. Your business can borrow between $2,500 and $250,000, which it repays plus the fee with a percentage of your daily sales.

Business acquisition loans

Financing specifically for buying another business. Rates run from 3% to 10%, and can be either fixed or variable. You can borrow up to $5 million with terms as long as 25 years.

Pros and cons

Biz2Credit can help some small businesses find a competitive deal. But you might want to weigh the drawbacks before signing up for this service.

Pros

  • Low starting APR of 4%
  • Transparent about minimum and maximum costs
  • Options for high-risk businesses

Cons

  • Underwriting fee of $250 to $400
  • Also offers high-cost products like merchant cash advances
  • Unsecured loans cap out at $100,000

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