- Five Star Bank: Best for SBA 7(a) loans
- Celtic Bank: Best for SBA 7(a) loans
- First Home Bank: Best for SBA 7(a) loans
- OnDeck Capital: Best for fast, online term loans
- Funding Circle: Best for affordable online term loans
- BlueVine: Best for short-term loans and invoice financing
- PNC Bank: Best for low-rate lines of credit
- Fundbox: Best for short-term, accessible lines of credit
- Balboa Capital: Best for equipment financing
Best Lenders for SBA Loans
Five Star Bank
Pros
- Offers loans with some of the most desirable rates, terms, and amounts on the market
- SBA loans can meet a variety of financing needs
- Five Star is a preferred SBA lending partner; top 100 SBA lending partners in the U.S.
Cons
- Need to meet high requirements to qualify
- Slow and lengthy application process
- Will require blanket lien and personal guarantee
Five Star Bank is a preferred SBA lending partner, offering SBA 7(a) loans. Although the application process will be more detailed and take more time than that of online lenders, Five Star Bank can offer SBA loans with some of the best rates and terms available. These loans can be used for a variety of purposes and are well-suited for established, highly qualified businesses who are looking for long-term financing.
Loan Amount: $25,000 – $350,000
Est. Rates: Variable based on the Prime Rate
Terms: Up to 10 years
Fees: Will likely require guarantee and application fee
Time to Fund: Two to three weeks
Min. Credit Score: 685
Min. Annual Revenue: $100,000
Min. Time in Business: Two years
Celtic Bank
Pros
- Offers loans with some of the most desirable rates, terms, and amounts on the market
- Celtic Bank offers SBA loans to borrowers across the U.S.
- One of the top SBA lending partners in the U.S.
- SBA loans can meet a variety of financing needs
Cons
- Need to meet high requirements to qualify
- Slow and lengthy application process
- Will require blanket lien and personal guarantee
Celtic Bank is a preferred SBA lender—in fact, they’re one of the top SBA lending partners in the U.S. Celtic Bank offers SBA 7(a) loans—with some of the most competitive rates and terms on the market. You can use an SBA loan from Celtic Bank to meet a variety of long-term financing needs, including purchasing equipment, inventory, or even acquiring another business. With high requirements and a lengthy application process, these loans are best for qualified, established businesses who don’t have an immediate funding need.
Loan Amount: $25,000 – $150,000
Est. Rates: Variable based on the Prime Rate
Terms: Up to 10 years
Fees: Will likely require guarantee and application fee
Time to Fund: Two to three weeks
Min. Credit Score: 640
Min. Annual Revenue: $100,000
Min. Time in Business: Two years
First Home Bank
Pros
- Offers loans with some of the most desirable rates, terms, and amounts on the market
- SBA loans can meet a variety of financing needs
- First Home Bank is a top-15 SBA lending partner in the U.S.
Cons
- Need to meet high requirements to qualify
- Slow and lengthy application process
- Will require blanket lien and personal guarantee
A top-15 SBA lending partner, First Home Bank offers SBA 7(a) loans. With these SBA loans, you can access some of the best rates and terms of any business financing product on the market. SBA loans from First Home can be used for a variety of purposes and can accommodate a range of long-term financing needs. However, you’ll have to meet high requirements to qualify for an SBA loan from First Home Bank, and therefore, these loans are well-suited for established businesses with strong finances.
Loan Amount: $25,000 – $350,000
Est. Rates: Variable based on the Prime Rate
Terms: Up to 10 years
Fees: Will likely require guarantee and application fee
Time to Fund: Two to three weeks
Min. Credit Score: 650
Min. Annual Revenue: $100,000
Min. Time in Business: Two years
