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Small Business Loans

Learn about the variety of small business loans for new businesses offered by reputable online business lenders across the country and get the best offer.

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Frequently Asked Questions

Get the bottom line on business loans.

Is it smart to take out a business loan when starting a business?

Yes. Many traditional and online business lenders have small business loans for new businesses. It’s a smart way to get the funds you need to get your business up and running without the stress of finding an investor or giving up equity and control of your vision.

Do you need business credit to get a business loan?

No. You can get a business loan with your personal credit, but your credit scores and history must be excellent. Most online business lenders require a minimum score of 670.

Is it easier to get a business loan with an LLC?

Yes. Accessing a business loan as an LLC is easier than getting it on your credit as a sole proprietor. In fact, some traditional lenders like banks and credit unions will only offer credit if your business is a legal entity. However, many online business lenders are more lenient.

How To Find the Best Small Business Loans for New Businesses

The right small business loan should provide enough money to cover your business’ financial needs. Applying for small amounts in quick succession could damage your score, so calculate the amount you need and look for online business lenders who can offer it.

LendMeMoney.com carefully appraises lenders and only the best ones make it to our list. You would not go wrong with any of the offers above but evaluate, compare, and choose the most favorable for your business.