Compare $100,000 business loans

Banks, credit unions and online lenders all offer $100,000 business loans of different types, including: term loans, lines of credit, accounts receivable financing and more. However, your business needs to meet basic annual revenue and time in business requirements to qualify for a loan — no matter which lender you choose.

Compare providers for $100,000 business loans

To start the comparison process, select your business’s average annual revenue, time in business and your personal credit score. Then click Show Loans to see your options.

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Name	Product	Filter Values	Min. Amount	Max. Amount	APR	Requirements
$3M+ funded! Lendio business loans Finder Rating: 4.75 / 5: ★★★★★ Lendio business loans Finder Rating: 4.75 / 5: ★★★★★			$500	$5,000,000	Starting at 6%	Operate business in US or Canada, have a business bank account, 560 personal credit score	Submit one simple application to potentially get offers from a network of over 300 legit business lenders.	Go to site More Info	Compare	loading Fetching your data...
ROK Financial business loans Finder Rating: 4.7 / 5: ★★★★★ ROK Financial business loans Finder Rating: 4.7 / 5: ★★★★★			$10,000	$5,000,000	Starting at 6%	Eligibility criteria 1+ year in business, $15,000+ in monthly gross sales or $180,000+ in annual sales	Apply for up to $5 million with a 15-second online application. Choose your best offer and get funded as soon as the same day.	Go to site More Info	Compare	loading Fetching your data...
Backd Finder Rating: 4.4 / 5: ★★★★★ Backd Finder Rating: 4.4 / 5: ★★★★★			$10,000	$2,000,000	Competitive	2+ years in business, $300K+ annual revenue, 640+ FICO, business bank account, US based business	Get pre-approved for a business loan in minutes with no impact to your credit score.	Go to site	Compare	loading Fetching your data...
OnDeck short-term loans Finder Rating: 4.6 / 5: ★★★★★ OnDeck short-term loans Finder Rating: 4.6 / 5: ★★★★★			$5,000	$250,000	29.9% to 65.9%	625+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account	Receive flexible financing at competitive fixed rates from this A+ rated business lender.	Go to site More Info	Compare	loading Fetching your data...
Loanspark Finder Rating: 4.6 / 5: ★★★★★ Loanspark Finder Rating: 4.6 / 5: ★★★★★			$10,000	$30,000,000	Starting at 1%	600+ personal credit score, 1+ years time in business, $140,000+ minimum annual revenue, active business checking account required	Prequalify with this lending marketplace using an easy application process. Plus, work with real loan experts to make the best decisions on loan programs for ERC, SBA, e-commerce, cannabis and other loan categories.	Go to site	Compare	loading Fetching your data...
Bluevine business lines of credit Finder Rating: 4.3 / 5: ★★★★★ Bluevine business lines of credit Finder Rating: 4.3 / 5: ★★★★★			$5,000	$250,000	Estimated 8% to 86%	24+ months in business, $40,000+ in monthly revenue, 625+ credit score	Get approved for a revolving credit line in as fast as 5 minutes.	Go to site More Info	Compare	loading Fetching your data...

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How much does a $100,000 business loan cost?

The cost ultimately depends on your APR and loan term. Standard business loans and lines of credit may have an APR of 7% to 100%. Short-term business options like merchant cash advances (MCAs), invoice factoring and invoice financing all have higher rates, which make them a more expensive — if quicker — choice.

The repayment period also impacts the final cost. You can expect a loan term of up to seven years, although on average a $100,000 business loan comes with a term of three years.

For a $100,000 loan with a 20% APR and a three-year term, your business’s monthly repayments would be $3,716.36. You’d pay a total $33,788.90 over the life of the loan in interest and fees. To get great rates, compare the top excellent-credit business loans with our guide.

How to get a $100,000 business loan

The application process depends on the type of loan you plan on borrowing, but these general steps should help you with most lenders.

1. Determine your business’s needs. Speak with your financial advisor or go over your finances to confirm your business needs a $100,000 loan and can handle repayments.
2. Compare lenders. Use our table of lenders to start your search. You should also check with your current bank and other financial institutions to compare their rates and terms.
3. Prepare financial documents. A lender may ask to see proof of revenue and a business plan when you apply. Be sure to request a list of all the required documents to ensure you have everything your lender needs.
4. Submit a complete application. Once you have your documents gathered, work with your lender to submit your application. Some may have an online process while others will require you to visit a branch.

How to qualify for a $100,000 business loan

For a loan this size, you’ll likely need to meet more than a lender’s advertised minimum requirements.

We asked high-dollar online lenders what they look for in a borrower. While providers vary, you stand a good chance of approval for $100,000 in financing if you and your business meet the following qualifications:

• Annual revenue of $1 million or more to comfortably afford the monthly repayments
• At least one year in business, but many lenders want to see two years or more
• Strong cash flow that comes in regularly enough to consistently repay your loan
• Good personal credit of 670 or higher

If you’re looking for a $100,000 loan to start a business, you might find it challenging — most lenders require at least one year in business and proof of revenue before they’ll give you a loan.

According to the Federal Reserve Banks’ Small Business Credit Survey, 29% of startup non-employers that have been in business for under two years applied for financing, and 31% of those that applied were fully approved. However, you may be able to use a personal loan for business expenses. You can also explore the best loans for startups to better understand your options.

What credit score do I need?

Credit score requirements vary widely by lender. For instance, OnDeck requires a credit score of at least 625, while Fora Financial works with scores as low as 500.

Generally the higher your credit score, the more competitive your options. It could be difficult to find financing of $100,000 if your score is below 670 — the minimum to qualify as good credit. And it’s rare for anyone to consider your business credit score alone. Typically, lenders ask to see your personal credit score or a combination of your personal and business scores.

Read our guide to the top good-credit business loans to find even more options — including loans of $100,000.

Can I get a $100,000 business loan with bad credit?

Yes, it’s possible. Some lenders work with borrowers that have scores as low as 500. That’s because lenders consider other factors like your cash flow and revenue to determine your ability to repay the loan. But if you do qualify, you’ll likely end up with shorter terms and less competitive rates than borrowers with good credit.

Types of $100,000 business loans

There are a variety of business loan options for $100,000. These are the most common options:

Unsecured business loans

Business loans can either be secured or unsecured. A secured loan is backed by collateral from your business – like real estate, equipment, or other valuable assets. An unsecured loan is extended based on your creditworthiness alone and isn’t backed by collateral. But with an unsecured loan, you’ll likely need to provide a personal guarantee.

Bottom line

A $100,000 loan can be a good solution for businesses that want to expand, need access to working capital or want to purchase equipment and inventory. But because it can take so many forms, you should read our guide on the best business loans to determine exactly what type of financing your business needs.

Other business loan amounts: