If you’re looking for business loans or other types of financing, you’ve probably wondered: What’s the best small business lender? What banks or other financial institutions are more likely to lend to small businesses? What banks or other lenders offer the best products?
Luckily, there are a variety of lenders—from big banks to online, alternative lenders—that offer financing products for small businesses. So, whether you’re interested in a traditional term loan or an SBA loan, you’ll have a number of options to choose from to find the right lender to work with your business.
Plus, we’re here to help you through the process.
In this guide, we’ll explore 11 of the top small business lenders—breaking them down based on the products they offer and discussing the details, pros, and cons of each. Here’s what you can expect:
Best Small Business Lenders of 2020
- Best for SBA Loans
- Wells Fargo Bank
- The Huntington National Bank
- JPMorgan Chase
- Best for Medium-Term Loans
- Funding Circle
- Best for Short-Term Loans
- CAN Capital
- Rapid Finance
- Best for Business Lines of Credit