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How to get a $75,000 business loan

Compare lenders to find competitive rates and terms on a business loan for $75K.

For a variety of finance options

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  • Required time in business: 6+ months
  • Required monthly revenue: $10k+
  • Min credit score: No credit needed

Best for small businesses

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  • Required time in business: 6+ months
  • Required monthly revenue: $8k+
  • Min credit score: 520+

Good for online businesses

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  • Required time in business: 6+ months
  • Required annual revenue: $60k+
  • Min credit score: 550+

Whether you need a term loan, a line of credit or a business cash advance, $75,000 business loans come in many forms to suit a range of credit scores. To qualify for a loan of this amount, you typically need to be in business for at least six months to a year or more and generate around $500,000 a year in revenue. Though some lenders may have more flexible time in business requirements depending on the type of business loan you’re after.

Compare providers to make sure you’re getting the most competitive rates and terms before you apply.

Where to get a $75,000 business loan

Most lenders, including banks, credit unions, alternative online lenders and business loan marketplaces, offer $75,000 business loans. Established businesses might find more competitive rates at a large national bank, while newer businesses might have better luck with an online lender or marketplace or an SBA loan specialist offering SBA 7(a), Express and 504 loans.

Compare $75,000 business loans

Select your time in business, annual revenue and credit score ranges to find lenders you might qualify with. Select Go to site to get started on your application. Or, visit our review page by choosing More info.

Name Product USFBL Filter Values Min. Amount Max. Amount APR Requirements
Olympus Business Capital
Finder Score: 4.4 / 5: ★★★★★
Olympus Business Capital logo
$500
$250,000
Not stated
Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month
No credit needed. Funding up to $250,000 with a variety of finance options to best fit your business needs.
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Lendio business loans
Finder Score: 4.8 / 5: ★★★★★
Lendio logo
$1,000
$10,000,000
Varies by lender
Operate business in US or Canada for 6 months or more, have a business bank account, minimum 520 personal credit score, at least $8,000 in monthly revenue.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Fundera business loans
Finder Score: 4.9 / 5: ★★★★★
Fundera logo
$2,500
$5,000,000
Varies based on lenders
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.
Fora Financial business loans
Finder Score: 4.5 / 5: ★★★★★
Fora Financial logo
$5,000
$1,500,000
Varies
6+ months in business, $25,000+ gross monthly sales, no open bankruptcies
Get qualified for funding in minutes for up to $1,500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
National Funding business loans
Finder Score: 4.6 / 5: ★★★★★
National Funding logo
$5,000
$500,000
Undisclosed
In business 6+ months and make at least $250,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
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American Express® Business Line of Credit
Finder Score: 4.4 / 5: ★★★★★
American Express logo
$2,000
$250,000
N/A
Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000
Access lines of credit for your small business even if you aren't currently an Amex customer.
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What types of $75,000 business loans are available

Business loans for $75,000 cover a wide range of funding needs. Here’s a list of the most common types.

Type of financingDescriptionUse
Short-term business loanAn unsecured lump sum loan with repayment terms of up to 18 monthsTo cover unexpected costs or to survive a downturn
Business term loanAn unsecured lump sum loan with repayment terms of up to 10 yearsTo provide working capital for more established businesses
Business line of creditA revolving line of credit for ongoing expensesTo tap into funds as needed and pay off as you go
Merchant cash advanceA quick turnaround loan for newer businesses or those with bad creditTo borrow against your future credit card sales
SBA loanA low interest small business loan partially backed by the governmentTo provide working capital to grow your business
Equipment financingA collateralized term loan to fund equipmentTo pay for any kind of equipment for your business
Inventory factoringA loan with an amount tied to your receivablesTo access cash by selling your purchase orders or receivables
Inventory financingA loan with an amount tied to your receivablesTo access cash with a loan backed by your invoices

Secured vs. unsecured business loans for $75,000

Business loans can be categorized into two main types: secured and unsecured. Secured loans require collateral, which are assets like equipment, vehicles or even the business itself. The collateral serves as a guarantee for the lender, reducing their risk and possibly snagging you more favorable loan terms. Unsecured loans don’t require collateral but may require a personal guarantee and typically come with higher costs and APRs.

How to qualify for a $75,000 loan

While a $75,000 business loan is well below the average business borrowing amount of $660,000, it’s still substantial enough that you’ll need to meet certain revenue requirements and other criteria, including:

  • At least six months in business. Many lenders require you to be in business for at least six months to a year to qualify for a $75,000 loan.
  • Minimum monthly revenue. A general rule of thumb is that lenders will loan you 10% to 30% of your annual revenue. If you earn $500,000 a year, you could potentially borrow between $50,000 and $150,000.
  • Good personal credit. Banks typically require a personal credit score of 670 and up, while online lenders may go as low as 520 for short-term financing like MCAs. And for invoice financing or factoring, your credit score may not factor in at all.
  • A personal guarantee. The lender may also ask you for a personal guarantee, especially for unsecured loans not backed by business assets.

How much does a $75,000 business loan cost?

The cost of a $75,000 business loan varies a lot depending on the type of loan. For example, a traditional bank term loan might start as low as 8% APR, while SBA loan rates are capped at the prime rate plus 2.25% to 2.75% for most programs — plus additional fees.

For shorter-term financing like lines of credit, APRs can run much higher — typically starting below 10% for the best credit borrowers and exceeding 60% APR for borrowers with lower credit scores.

Use the calculator below to find out how much your loan might cost based on different rates and terms.

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How do payments on a $75,000 loan work?

It depends on your loan. Most $75,000 loans are term loans, SBA loans, lines of credit, merchant cash advances (MCAs), equipment financing and invoice factoring and financing. Payments vary widely across these different types of financing. They might be monthly for a term loan but weekly or even daily for an MCA. And if you use invoice factoring, you won’t repay the factoring company at all — rather, you sell your invoices to the company for a discount.

How to get a $75,000 business loan

The application process depends on the lender. While traditional bank loans might require a lot of paperwork, some online lenders offer “no-doc” loans that connect to your accounts to verify your financials right away.

Regardless of the lender, here are the general steps to apply for a $75,000 business loan:

  1. Determine the type of loan you need. Decide what type of loan you need. For funding a one-time cost, look for a term loan. For ongoing expenses or cash flow dips, look for a line of credit or an MCA. For equipment, choose an equipment loan, which is backed by collateral, to get the best rates.
  2. Compare lenders. Find and compare lenders that offer $75,000 loans by looking at the loan’s APR, terms and requirements. Do you need the money right now, or would you rather do more research first? Online business lenders can get you funding faster than banks but may cost more.
  3. Check your eligibility. Online lenders typically offer prequalification so you can find out if you’re eligible and check your rates. But if you’re applying through a bank, you might have to call or apply in person and wait several days for funding.
  4. Gather your documents. For a bank, prepare to gather your personal and business tax returns, profit and loss statements, and bank statements. For an online lender, you may get away with uploading your last three months’ bank statements.
  5. Fill out the application. This can take a few minutes to over an hour, depending on the lender and type of loan. No doc lenders tend to have the fastest application processes, allowing you to connect to your bank accounts directly.
  6. Submit any additional information. Your lender reviews your application and reaches out for more information or documents if needed. Usually, you can submit these online, by mail or in person at a branch.
  7. Read and sign the contract. Review your final offer, making sure the rates, terms and monthly payments fit your business’s budget. If you agree, sign and submit your contract.

The turnaround time on $75,000 loans depends on the loan type. SBA loans can take weeks to process, while short-term loans from online lenders can take one business day or less. For the fastest application times and turnaround, consider a no-doc lender.

Can I get an SBA loan for $75,000?

Yes, many SBA loan programs are available for $75,000, including the popular 7(a) and Express loan programs. Loans backed by the Small Business Administration (SBA) offer low rates and high loan amounts to businesses that have a hard time qualifying elsewhere. But they also come with some of the highest rejection rates in the market.

Can I get a loan for $75,000 with bad credit?

It’s possible to borrow up to $75,000, even with bad credit. The most common types of business loans and financing available to bad credit borrowers are merchant cash advances, invoice factoring or financing, as well as loans backed by collateral, such as equipment loans and leases. But prepare to pay more in fees and interest if you get a bad credit business loan.

Can I get a loan for $75,000 to start a business?

Yes, but your options are basically limited to SBA 7(a) and SBA microloans and possibly SBA 504 loans to finance equipment. But SBA loans aren’t the easiest to qualify for. For example, the 7(a) program requires that you have good credit, a down payment of 10% to 30%, a business plan showing how the business will generate revenue, plus a personal guarantee.

Because it can be hard to qualify for an SBA loan, some entrepreneurs use their own savings or take out a personal loan to launch a new enterprise. Personal loans don’t have a business revenue requirement or time in business requirement, making them ideal for startups — if the lender allows the funds to be used this way.

For more options, see our comprehensive guide to startup loans.

Bottom line

While it’s likely easier to qualify for a $75,000 loan than a larger amount, you’ll still need to meet the lender’s criteria. Compare the best small business loans to see the amounts and rates you might qualify for.

Other business loan amounts:

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To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd and reviewed by Holly Jennings, a member of Finder's Editorial Review Board.
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Written by

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Kat Aoki was a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full bio

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Kat has written 186 Finder guides across topics including:
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