Best Business Loans For Good Credit in October 2026
A business loan can help you grow and support your livelihood. Good credit can improve your business loan approval odds, qualify you for better loan terms and save you money in the long run.
Compare top lenders, rates and requirements for strong-credit borrowers
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| Lender | Best for | Starting rate | Term | |
|---|---|---|---|---|
|
SBA loans | 9.50% (variable interest rate) | Up to 300 months | |
|
Lines of credit | 7.80% | Up to 12 months | |
|
Low rates | 0.55% | 6 to 24 months | |
|
Large loan amounts | 22.45% (APR) | 6 to 60 months | |
|
Fast funding | 35.26% (APR) | Up to 24 months | |
|
Traditional bank loans | Not specified | Up to 60 months |
Read more about how we made our picks for good credit business loans.
Good credit business loans at a glance
Actual business loan requirements, rates and terms will vary based on the lender and your own borrower profile. Details outlined below do reflect guaranteed rates or approval odds.
Best for: SBA loans — Live Oak Bank
- Starting rate (variable interest rate)
- 9.50%
Starting at 9.50% variable. Some borrowers may qualify for lower rates. Based on the current prime rate of 7.00% + a rate maximum set by the SBA.
- Amount
- Up to $5M
- Time in business
- 24 months
- Term
- Up to 300 months
- Min. credit score
- 650
- An SBA Preferred Lender, so you may see faster approval times
- Long repayment terms offer flexibility to fit your business needs
- They offer a detailed, transparent explanation of the SBA loan application process
- You must speak with a loan specialist in order to complete your application
- Approval process could take up to 55 days
- Lack of transparency around revenue requirements
For good-credit borrowers, Live Oak Bank offers a selection of SBA financing options. They’re part of the SBA’s Preferred Lender Program (PLP), so they’re able to offer the government-backed benefits of SBA loans — with the SBA’s credit requirements — but with shorter approval turnaround times.
However, the approval time is still quite a bit longer than many other non-SBA alternatives. You can expect up to 55 days before getting final approval.
In order to qualify for their small business loans, borrowers must meet Live Oak Bank’s eligibility requirements:
- Minimum time in business: 24 months
- Minimum annual revenue: Not specified
- Minimum credit score: 650
With no annual revenue specified, just note that your business’ overall profile and creditworthiness will be taken into account when your application is being considered.
Best for: Business lines of credit — Bluevine
- Starting rate
- 7.80%
- Amount
- Up to $250k
- Time in business
- 12 months
- Term
- Up to 12 months
- Min. credit score
- 625
- Good-credit borrowers can receive funds in as fast as 24 hours
- With one online application, borrowers will be considered for multiple financing options in the Bluevine network
- Access funds on an ongoing basic to improve your cash flow and support business growth
- Lack of fee transparency prior to application
- Maximum term limited to 12 months
- Must be in business for at least a year
Bluevine offers relatively low business loan rates for qualifying good-credit borrowers. With access to funds in as little as 24 hours, approved applicants can use their business line of credit for ongoing business costs, covering seasonal swings and bigger expenses as needed.
Just be aware that terms are fairly short, with a maximum repayment timeline of 12 months.
In order to qualify for their business line of credit, borrowers must meet Bluevine’s eligibility requirements:
- Minimum time in business: 12 months
- Minimum annual revenue: $120,000
- Minimum credit score: 625
Note that your business’s overall creditworthiness will likely be impacted by your personal credit as well as your business’s overall financial picture.
Best for: Low interest rates — American Express Business Line of Credit
- Starting rate
- 0.55%
0.55% – 1.55% of the original principal loan amount is charged monthly during the loan term, along with a portion of the principal.
- Amount
- $2k to $250k
- Time in business
- 12 months
- Term
- 6 to 24 months
- Min. credit score
- 660
- Relatively low annual revenue requirement
- Some customers may have access to a larger line of credit depending on their customer profile
- Flexible installment options ranging from 6 to 24 months
- Borrowers will be required to make a personal guarantee
- Their starting rates are low, but only available to applicants with relatively high credit scores
- They’re transparent about fees, but the specifics of those fees may be confusing
With competitive rates and relatively low revenue requirements for especially creditworthy businesses, the American Express Business Line of Credit is one of our top choices for good credit business loans. There may even be an opportunity to borrow larger sums based on a review of your business profile.
That said, they’re very selective about those rates and benefits. And even with excellent credit, borrowers will have to make a personal guarantee.
In order to qualify for their business line of credit, borrowers must meet American Express’ eligibility requirements:
- Minimum time in business: 12 months
- Minimum annual revenue: $36,000
- Minimum credit score: 660
The low annual revenue requirements make this business line of credit a good option for businesses operating at a smaller scale, but the trade-off is that your overall credit history will weigh strongly on your eligibility.
Best for: Large loan amounts — iBusiness Funding
- Starting rate
- 22.45%
iBusiness has a 7.49% interest rate, 22.45% APR
- Amount
- $25k to $500k
iBusiness Funding offers traditional term loans up to $500,000. SBA loans and USDA loans may offer higher amounts.
- Time in business
- 24 months
- Term
- 6 to 60 months
- Min. credit score
- 660
- Get your funding faster with a quick turnaround after approval
- No application fee and no obligation to accept a loan offer
- You can get multiple funding recommendations with a single application
- Loan terms and other details aren’t available online prior to application
- High starting rates for business loans
- May require collateral or a blanket lien
iBusiness Funding is our choice for good credit borrowers looking for large business loan amounts. With loans up to $500,000 and a relatively long term length, you can make big business purchases with the flexibility to pay them off over up to 60 months.
They also offer convenient, quick access to funds. However, the trade-off for speed is steep business loan rates.
In order to qualify for these larger sum business loans, borrowers must meet iBusiness Funding’s eligibility requirements:
- Minimum time in business: 24 months
- Minimum annual revenue: $100,000
- Minimum credit score: 660
Keep in mind that even with good credit, business loans can come with high starting rates. In order to qualify for the best possible rate with iBusiness Funding, they’ll need to review your credit and borrowing history as well as your business’s profile.
Best for: Fast funding with good credit — OnDeck
- Starting rate (APR)
- 35.26%
Minimum APR offered to at least 5% of customers (not the lowest rate offered)
- Amount
- $5k to $400k
- Time in business
- 12 months
- Term
- Up to 24 months
- Min. credit score
- 625
- Same-day funding may be available
- Single application for both OnDeck’s term loan and line of credit products
- Fixed loan payments means you’ll pay the same amount from the beginning to the end of your repayment term
- High starting rates, even for borrowers with good credit
- Origination fee of up to 4.00%
- Lack of transparency about terms and conditions
With OnDeck, borrowers can expect a fast funding timeline, meaning they can make big purchases when their businesses need them most. Their single-application process offers a convenient, streamlined way for applicants to check their eligibility for both a business term loan and a business line of credit.
As with most non-traditional lenders, the downside of speed and convenience is overall cost, with higher business loan interest rates.
In order to qualify for their business term loan or business line of credit, borrowers must meet OnDeck’s eligibility requirements:
- Minimum time in business: 12 months
- Minimum annual revenue: $100,000
- Minimum credit score: 625
With a higher starting interest rate, OnDeck is an option best suited for good-credit borrowers who are more likely to qualify for the best possible rate based on their business profile.
Best for: Traditional bank loans — Bank of America
- Starting rate
- Not specified
- Amount
- $25k to $250k
- Time in business
- 24 months
- Term
- Up to 60 months
- Min. credit score
- Not specified
- Applicants with existing Bank of America business checking accounts may qualify for additional benefits as part of their Preferred Rewards for Business program
- Maximum term of 60 months offers repayment flexibility
- Their monthly payment calculator allows you to see a basic estimate of what you might be expected to pay
- Minimum annual revenue requirement is substantial, meaning businesses operating at a smaller scale are unlikely to qualify
- Lack of transparency around eligibility requirements
- Secured business loans require collateral
Bank of America is our top traditional bank choice for good credit business loans. They offer a wide variety of business loan options, like secured and unsecured loans, lines of credit and SBA funding. Their secured business loans may be a good option for good-credit borrowers with established, high-revenue businesses.
Borrowing with a traditional lender means working with a trusted institution, but can also mean a lack of clarity around starting rates, requirements and fees prior to applying.
In order to qualify for their secured business loan, borrowers must meet Bank of America’s eligibility requirements:
- Minimum time in business: 24 months
- Minimum annual revenue: $250,000
- Minimum credit score: Not specified
If you have an existing relationship with Bank of America, you may qualify for their Preferred Rewards for Business program. Program benefits can include discounted rates and waived fees.
- Non-traditional lenders typically offer fast funding for borrowers with good credit, but also frequently come with steeper business loan interest rates.
- Credit score requirements for business loans vary from lender to lender. Although no particular score is a guarantee, the better your business and personal credit scores, the more likely you are to qualify for more competitive rates and a wider variety of funding options.
- Not every lender will be the right fit for your business. Shop around for the best fit for your business’ size, age, revenue and industry.
What counts as good credit for a business loan?
A good credit score to get a business loan will vary by lender, but in general scores 670 and up are considered “good” to “excellent.” Online lenders may accept scores in the low 600s, while traditional banks and SBA lenders tend to look for scores in the mid-600s to 680 or higher.
In addition to your personal FICO Score, lenders may also use a business credit score to calculate your business credit risk. Several common business credit scoring models include:
- FICO Small Business Scoring Services (SBSS): These range from 0 to 300, with higher scores indicating better credit and lower credit risk for lenders.
- Dun & Bradstreet Scores: Ranging from 1 to 100, and a score of 80 or above reflects credibility and means your business is considered low risk.
- Equifax: Equifax creates a score summary based on your business risk assessment, payment index and details of your credit history.
- Experian: Ranging from 1 to 100, a score between 76 and 100 is considered the lowest business risk level.
Your personal FICO Score matters to business lenders when evaluating your business’s creditworthiness. It’s especially important to new or small businesses that may not have enough business credit history to qualify for a loan. Additionally, some of the above business credit models factor personal scores into their calculations.
However, a good personal credit score is not a guarantee, nor will a lower score disqualify you from all business loans.
How lenders evaluate business loans for good credit
Lenders evaluate business loan eligibility based on several factors, and your personal and business credit scores are not the only business loan qualifications. Lenders consider your business’s overall creditworthiness, and many refer to the “five Cs” of credit when determining your business loan eligibility. The five Cs are:
- Credit history: A summary of your business’s past financial behaviors
- Capacity: The wealth of the applicant at the time of lending
- Capital: The requested size of the loan
- Conditions: Loan specifics, such as repayment schedules, fees and rates
- Collateral: The borrower’s other valuable assets, like equipment and property
The five Cs are important because they allow lenders to look beyond credit scores and see the bigger picture of an applicant. This nuanced approach can open options for new businesses and borrowers with limited credit histories. With or without good credit, business loans and other funding options may be available to applicants with otherwise healthy business profiles.
Good credit does, however, typically increase the likelihood of securing a business loan at a competitive rate. Other factors lenders will consider before approving your business loan:
- The age of your business
- Annual revenue
- Cash flow
- Ability to offer collateral or a personal guarantee
Best loan options for business owners with good credit
Before choosing a business loan, good-credit borrowers should compare the following loan options, depending on your business needs. The following loan options are available via traditional banks as well as non-traditional online lenders.
SBA loans
SBA loans are affordable, government-backed funding options for small businesses. They are guaranteed by the U.S. Small Business Administration and often have competitive rates and terms. Eligibility typically requirements include the nature of the business, the character of the business owner and the service area of the business.
Key benefits and features of SBA loans include:
- Flexible credit score requirements
- Lower down payments
- Counseling and support included with some loans
The primary SBA loan program is the 7(a) loan, which offers versatile, long-term financing. The SBA Express loan is a 7(a) loan with a lower maximum amount, but a faster turnaround time.
Learn more about SBA loan eligibility requirements.
Business term loans
A business term loan is a type of loan where a borrower receives a lump sum from the lender, typically for a large, single purchase of equipment, property or another major expense. Term loans are usually paid in installments over the course of three or more years. This fixed repayment schedule makes payments predictable and can help business owners build credit.
A business term loan is different from a business line of credit. While a business term loan provides funds to a borrower upfront, a business line of credit offers a flexible funding source that can be used on an ongoing basis.
Business lines of credit
Business lines of credit are best suited for businesses who need ongoing access to funds. Unlike a lump-sum term loan, a business line of credit enables the borrower to withdraw funds on an as-needed basis up to their credit limit. With its revolving credit line, a business line of credit functions similarly to a credit card. Interest typically only accrues on the funds drawn from the line of credit.
Business lines of credit are useful for stocking up on seasonal inventory, improving cash flow and bridging financial gaps.
Unsecured business loans
Unsecured business loans offer business financing without pledging collateral. The application, instead, evaluates the borrower’s business revenue, history and overall creditworthiness. Because no assets secure the loan, unsecured business loans may carry higher rates.
Unsecured loans often require the borrower to make a personal guarantee, which makes them personally responsible for the repayment of the business loan, regardless of circumstances.
Advantages of good credit for business loans
Having good credit when applying for a business loan or line of credit may affect your loan eligibility, but it’s not the sole deciding factor. A good or excellent credit score reflects a history of healthy financial behaviors, such as timely payments and responsible borrowing, which can improve a candidate’s creditworthiness.
A good personal credit score could also expand the number of business loan options a borrower is eligible for, meaning they may be able to choose the loan or line of credit that best works for their business. Of course, a good credit score is not a guarantee of approval, and it’s not the only factor lenders consider, but it does help.
In addition to improving your overall loan eligibility, a good credit score may help you qualify for a number of other benefits. Applicants with strong credit stand a better chance of getting approved for lower business loan rates, more flexible repayment terms and higher credit limits. If a borrower with good credit gets better rates and terms, they’re likely saving money in the long term.
Can you get a business loan with fair or lower credit?
You may still be able to get a business loan even if you don’t have good credit. Online lenders and non-traditional lenders may have lower credit score requirements, but the downside is that these business loans typically come with higher borrowing costs, including higher rates, more fees and shorter repayment terms.
Several business loan options, including working capital loans and revenue-based financing, may be viable options to consider. Some of these loans may place less emphasis on your personal credit score and look more at your business’s monthly revenue.
Although borrowing costs may be higher, these business loan options may enable you to invest in your business when it needs it most. Whether you’re looking for a startup business loan, stocking up on seasonal or trending inventory or you need to replace a vital piece of hardware, research your options and choose what makes the most sense for your business.
How to compare good credit business loan offers
When exploring your good credit business loan options, don’t just settle for your first offer. Comparison shopping will help you find the best option for your business needs and budget. Here are the most important metrics to compare:
- APR: Annual Percentage Rate (APR) is the interest rate plus any other fees being charged by the lender.
- Origination fees: This is an upfront cost paid by the borrower to the lender to process the loan application. It’s common, but not required by every lender.
- Term length: Repayment timelines vary by lender, commonly from one to five years.
- Prepayment penalties: A prepayment penalty is an additional fee for paying off all or part of your loan before the loan term ends. Not every lender will charge a prepayment fee, but if they do, it should be outlined in the loan agreement.
- Collateral requirements: Collateral is an asset, often property or equipment, owned by the borrower that is used to secure their business loan. Securing a loan with collateral often lowers borrowing costs, but if you’re unable to repay the loan, the lender can take the collateral to recoup their losses. Not every lender or type of loan will require collateral.
- Funding timeline: The amount of time it takes to get access to your funds once your loan or line or credit has been approved. Depending on the lender, it could take a few weeks or only a few hours.
How LendingTree can help you get the best business loan
A strong credit score can help you qualify for financing from many different lenders. Instead of filling out multiple applications, you can compare offers from our network of 30+ business lenders in one place.
How it works
Tell us what you need
Fill out a quick form in minutes.
Compare offers in minutes
Review multiple loan options side by side.
Choose and get funded in as little as 24 hours
Select the best offer and receive funds, sometimes within 24 hours.
For qualified users, LendingTree’s small business concierge service connects you with an expert who can help you compare loan options and choose the best fit for your business needs.
This individualized approach helped LendingTree’s small business concierge service connect more than 5,000 borrowers with over $300 million of loans in the past year.
What sets LendingTree content apart
With decades of experience under their belts, LendingTree’s writers and editors include certified financial counselors, veteran personal finance journalists and licensed insurance agents. That translates into well-researched, comprehensive content you can trust. Learn more about our editorial guidelines here.
Methodology: How we chose the best business loans for good credit
LendingTree reviewed more than 30 leading small business lenders to determine the best six business loans for borrowers with good credit, generally a FICO Score of 670 to 739. To make our list, lenders had to meet the following criteria:
- Eligibility requirements: We focused on lenders whose requirements fit good-credit borrowers. That means minimum credit scores in the mid-600s to low 700s, not the 500s, along with realistic time-in-business and annual revenue requirements. Good credit opens the door to bank, SBA and online lenders, so we included a mix and noted where a lender requires collateral, a personal guarantee or a lien on business assets.
- Rates and terms: A good credit score should earn a lower price, so we prioritized lenders with competitive rates, fewer fees and flexible repayment terms. We favored products that reward strong credit with lower costs, and we noted where rates or fees are not disclosed upfront or where terms are short.
- Time to funding: Speed matters, but borrowers with good credit can often afford to trade a few days or weeks for better pricing. We included both fast online funding and slower options, like SBA loans that can take weeks, and we noted funding timelines for each.
- Reputation and customer experience: We reviewed each lender’s ratings and complaint history on sources such as the Better Business Bureau and Trustpilot, and we considered customer service, transparency and unique perks, like fee structures and rate discounts. For large banks, we noted that public reviews often reflect consumer banking rather than business lending.
Frequently asked questions
It is possible to be approved for a business loan with a 500 credit score. Certain online and alternative lenders may accept applicants with fair or poor credit scores for certain types of loans and financing. However, these typically come with significantly higher interest rates and shorter repayment terms.
Business loan approval isn’t guaranteed, regardless of the loan type or lender. Certain lenders offer more flexible business loan requirements than others, but simply meeting qualifications does not mean that your application will be approved.
Your monthly payments will depend on the specifics of your business loan. If your loan has a higher interest rate or a shorter term, it will raise your monthly payments. With a competitive rate and a longer term, you’ll likely see lower payments.
This depends on the lender, and whether their application requires a soft or hard credit pull. A hard pull may impact your credit, while a soft pull will not. Many lenders only require a soft credit pull, but a hard pull may be needed during the underwriting process. Although you may see a temporary dip in your credit score after applying for a business loan, your credit score may improve with consistent payments.