Financing up to $350,000 with competitive rates for small and midsize businesses.

  • Best for business owners with at least fair credit looking for competitive rates.
  • Pick something else if you’ve been around for less than two years.

$30,000

Min. Amount

$350,000

Max. Amount

Details

Product Name Tab Bank business loans
Min. Amount $30,000
Max. Amount $350,000
Min. Credit Score 640
APR 2.75% to 3.75%
Requirements 640+ credit score, 2+ years in business, US-based business owned by a US citizen, ages 21+, no unpaid tax liens, no foreclosures or bankruptcies in the past 3 years, no recent settlements or charge-offs, up-to-date on government-related loans

Application Criteria

  • At least two years in business
  • US-based business owned by a US citizen
  • At least 21 years old
  • Personal credit score of 640 or higher
  • No unpaid tax liens
  • No foreclosures or bankruptcies in the past three years
  • No recent settlements or charge-offs
  • Up-to-date on government-related loans

First, do I qualify?

To qualify for a business loan from Tab Bank, you need to meet the following criteria at a minimum:

  • At least two years in business
  • US-based business owned by a US citizen
  • At least 21 years old
  • Personal credit score of 640 or higher
  • No unpaid tax liens
  • No foreclosures or bankruptcies in the past three years
  • No recent settlements or charge-offs
  • Up-to-date on government-related loans

Although you may qualify for a loan with fair credit, you’ll likely qualify for a larger variety of SMB loans with good to excellent credit.

What makes Tab Bank business loans unique?

Tab Bank partners with SmartBiz — a packaging and referral agent — to offer small- and medium-sized business loans that you can prequalify for in just minutes. While SmartBiz underwrites the loans, Tab Bank provides the financing. It stands out thanks to its competitive interest rates that are capped well below where many business loan providers’ rates start.

Pros

  • Variety of loan options. Tab Bank offers SMB loans, accounts receivable financing, asset-based loans, equipment financing, term loans and invoice factoring.
  • Lower rates and longer terms. Generally, SMB loans at Tab Bank offer lower rates than competitors out there. On top of that, it also has long 10-year terms with no prepayment penalties.
  • Quick prequalification process. Fill out an online prequalification form on the Tab Bank site and in five minutes you’ll see how much you qualify for, with no impact on your credit score.

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