Best Business Debt Consolidation Loans in 2026

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Business debt consolidation can help small business owners roll multiple high-interest balances into one predictable payment with potentially better terms. If you borrowed during higher-rate periods or relied on expensive short-term funding in the past, refinancing now could lower your monthly payments and improve cash flow. Here are some of the best business debt consolidation lenders, organized by category.

7 best business debt consolidation loans

• Best for online business loans: Fundera business loans
• Best loan marketplace: Lendio business loans
• Best for term loans: Chase business term loans
• Best for SBA loans: Huntington National Bank SBA loans
• Best for rate discounts: Bank of America business loans
• Best for low credit score requirement: Credibly business financing
• Best for short-term business debt consolidation: OnDeck short-term loans

Finder Score	Loan amount	Loan term	APR
Best for online business loans
Finder score 9.5 Excellent Fundera business loans	Finder score 9.5 Excellent	$2,500 – $5,000,000	3 months to 25 years	Varies by lender	Go to site View details Compare product selection Compare	loading	Why we like it Fundera by NerdWallet is a business loan marketplace that connects small business owners with multiple lenders through a single application. The platform offers access to term loans, SBA loans, lines of credit, equipment financing and more, with loan amounts ranging from $2,500 to $5 million. With a quick online application using only a soft credit check, Fundera has helped over 82,000 small businesses secure more than $6.4 billion in funding. The platform provides dedicated loan specialists for personalized guidance, and funds can be received in as little as one business day. Pros & cons Pros Single application connects you with multiple lenders Soft credit check won't impact credit score Fast funding possible within 24 hours Cons Not a direct lender; terms set by partners Must prequalify to view rates and fees Limited network compared to larger marketplaces
Best loan marketplace
Finder score 9.6 Excellent Lendio business loans	Finder score 9.6 Excellent	$1,000 – $10,000,000	3 months to 25 years	Varies by lender	Go to site View details Compare product selection Compare	loading	Why we like it If you want to compare multiple debt consolidation loans in one place, consider the Lendio marketplace. Lendio works with 75+ partners offering a wide range of loan products, including SBA loans and term loans, as well as merchant cash advances (MCAs). Lendio is highly rated by past customers, who like its fast, streamlined application process. And if you need help, it has loan officers who can explain the options available and help you choose the best debt consolidation loan for your needs. But you may receive a large number of marketing calls and emails from partner lenders after you apply. Pros & cons Pros Options for bad credit Multiple loan options available Large network of lenders Cons Not a direct lender Origination fees may apply Some loan options charge high APRs
Best for term loans
Finder score 6 Standard Chase business term loans	Finder score 6 Standard	$5,000 – $5,000,000	Up to 25 years	Varies by loan type	View details Compare product selection Compare	loading	Why we like it Chase is a national bank that offers term loans between $5,000 and $500,000 and repayment terms up to seven years — making it a great choice for debt consolidation. It also provides SBA loans, which may offer longer terms for qualified borrowers. To qualify with Chase, you'll need to be a current business customer, have at least two years in business and apply at a branch. There’s no origination fee, but the bank doesn't clearly disclose interest rates, and prepayment penalties may apply to loans greater than $250,000. Pros & cons Pros Low minimum loan amounts No origination fees Offers various types of business loans Cons Not up front about costs Must apply at a branch Must be an existing customer
Best for SBA loans
Finder score Not scored yet Huntington National Bank SBA loans	Finder score Not scored yet	$5,000 – $5,000,000	Up to 10 years	Varies	View details Compare product selection Compare	loading	Why we like it SBA business loans are partially guaranteed by the government, with repayment terms of between six and 25 years and can be used for debt consolidation. But due to its strict eligibility criteria, it may be harder to qualify for and may take longer to process than term loans through banks and online lenders. Compared to other lenders, Huntington National Bank provides the most SBA loans by volume. It offers SBA 7(a), 504 and Express loans with down payments as low as 10% and loan amounts up to $5 million. It's a preferred SBA lender with a team of dedicated SBA loan specialists who can make final decisions on most SBA loans instead of having to wait on the SBA. Pros & cons Pros SBA preferred lender Offers SBA 7(a), 504 and Express loans Largest SBA lender by volume Cons No SBA Microloans Mixed customer reviews Extensive documentation required
Best for rate discounts
Finder score 7.2 Great Bank of America business loans	Finder score 7.2 Great	$10,000 – $5,000,000	12 to 60 months	Starting at 6.5%	View details Compare product selection Compare	loading	Why we like it If you're an existing BofA customer with good credit, Bank of America may offer some of the lowest rates available. If you're looking to consolidate debt, its Business Advantage Term loan offers fixed rates as low as 6.5%, and you could save an additional 0.25% to 0.75% with BofA's relationship discounts. To qualify, you need a minimum FICO score of 700, at least two years in business and a minimum annual revenue of $100,000. But its documentation requirements may be higher than with an online lender, and turnaround times could be slower. And for loans over $50,000, you'll need to work with a dedicated specialist at the bank. Pros & cons Pros Competitive APRs Offers rate discounts Full suite of business banking products Cons Origination fee of $150 High credit score requirement $10,000 minimum loan amount
Best for low credit score requirement
Finder score 7.6 Great Credibly business financing	Finder score 7.6 Great	$5,000 – $600,000	3 months to 10 years	Factor rates start at 1.11	View details Compare product selection Compare	loading	Why we like it If your credit score is holding you back from qualifying for a traditional bank or SBA loan, Credibly may be worth considering. The lender works with business owners with credit scores as low as 500 and requires just six months in business and approximately $15,000 in monthly revenue to qualify. Its streamlined online application process can lead to approvals within hours and funding as soon as the same business day. Credibly is accredited by the Better Business Bureau (BBB) with an A+ rating and receives high marks from past customers on Trustpilot. But its APRs can be significantly higher than what banks or SBA lenders offer, and repayments may be required daily or weekly. Because of the higher cost, Credibly is best suited for businesses that don’t qualify for low rate loans or need to refinance more expensive debt. Pros & cons Pros Low 500 credit score requirement Only need 6 months in business Offers same-day funding Cons Origination fee may apply APRs could be high Daily or weekly repayments
Best for short-term business debt consolidation
Finder score 9.2 Excellent OnDeck short-term loans	Finder score 9.2 Excellent	$5,000 – $400,000	3 to 24 months	Average is 56.4% to 56.6%.	View details Compare product selection Compare	loading	Why we like it If you need to consolidate business debt quickly and can pay it off within a couple of years, OnDeck could be a good option. This online lender offers business term loans ranging from $5,000 to $400,000, with repayment terms up to 24 months. The minimum credit score requirement is just 625, and you only need to be in business for a year, which makes this easier to qualify for than most other business loans. You can apply completely online and receive funds as soon as the same day you are approved. But APRs are high, averaging around around 56%, so OnDeck should only be considered if you’re consolidating debt with a higher APR or you don’t qualify for better rates elsewhere. Pros & cons Pros Fair credit accepted Same-day funding available Only one year in business required Cons High APRs Daily or weekly repayments Origination fees apply

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Methodology: How we chose these lenders

Our lending experts analyze dozens of business loan providers to narrow down the best options for business owners. We weigh lenders against 12 key metrics:

• Application process
• Credit score minimums
• Customer service reviews
• Eligibility requirements
• Extra features
• Fees
• Funding turnaround times
• Lender reputation
• Minimum and maximum loan amounts
• Products offered
• Rates
• Willingness to work with risky industries

We also search for lenders that cater to a range of needs, including those that work with bad credit and newer business owners.

How to compare business debt consolidation loans

Here are the top things to keep in mind when comparing business debt consolidation loans:

• APRs. With debt consolidation, the goal is to pay off your existing debts with a loan that has a lower rate than your existing loans. Compare multiple lenders and loan types to ensure you get the lowest possible APR.
• Repayment terms. When choosing a debt consolidation loan, consider the repayment term. Longer terms typically offer the lowest monthly payments, which can make budgeting easier, but you’ll pay more interest over the long run.
• Origination fees. Some lenders charge an origination fee from 0.05% to 10% on their loans, especially if you have lower credit. This fee affects your total APR, so compare APRs across loans, not just the interest rate on offer.
• Other fees. Many borrowers complain about “hidden” fees, so be sure to read over your loan agreement to find out if you’re responsible for any prepayment penalties, late fees or monthly admin fees.
• Funding times. Funding times can vary widely by lender. Online, alternative lenders tend to have faster turnaround than traditional banks and credit unions. If you need funds immediately, consider a short-term business loan.
• Customer support options. Trying to consolidate debt may feel challenging, especially if you have a lot of high-interest loans you’re trying to pay off. Consider a lender with a dedicated support team to walk you through your options.
• Customer reviews. When evaluating a lender, it’s a good idea to read reviews on sites like Trustpilot and the Better Business Bureau (BBB) website to learn about previous customers’ experiences with a company.

What is a business debt consolidation loan, and how does it work?

With a business debt consolidation loan, you pay off multiple existing loans and credit cards with a new loan with better rates or terms. This can manage debt by rolling multiple payments into one and help you pay it off sooner.

The best loans for debt consolidation are term and SBA loans, since they tend to offer the most competitive rates and longest repayment terms. You would apply for these loans just like any other business loan, qualifying based on your business revenue, credit score and time in business.

After the loan is approved and funded, you pay back the loan in fixed payments composed of principal and interest. You may also have the option of paying it off before the term is up, but you’ll need to check whether prepayment penalties apply.

Pros and cons of debt consolidation business loans

Compare other business debt consolidation loans

Want to see what other options are out there for business debt consolidation? Check out the lenders below:

7 of 7 results

Updated regularly

Finder Score	Min. Amount	Max. Amount	APR	Requirements
Promoted Finder score 9.9 Excellent Pinnacle Funding	Finder score 9.9 Excellent	$10,000	$5,000,000	Varies by loan type	525 credit score, 6+months in business, $180,000+ annual revenue	Apply in minutes with funding as fast as 24 hours and zero impact to your credit score.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 9.5 Excellent Fundera business loans	Finder score 9.5 Excellent	$2,500	$5,000,000	Varies by lender	$60,000+ of annual revenue, 600+ personal credit score, in business for 6+ months	Get connected with short-term funding, SBA loans, lines of credit and more.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 9.5 Excellent Lendzi	Finder score 9.5 Excellent	$5,000	$20,000,000	Varies by lender	Minimum credit score of 500, minimum annual revenue of $120,000, preferably one to two years in business	Compare lending options and get funded fast.	Go to siteView details Compare product selection Compare	loading
Finder score 9.2 Excellent Fundwell	Finder score 9.2 Excellent	$10,000	$40,000,000	Varies by lender and loan type	$180,000 annual revenue, 500+ FICO credit score, 6+ months in business	Fundwell has provided over $1B in fast, transparent funding for business needs. Apply now in 3 minutes or less.	Go to siteView details Compare product selection Compare	loading
Finder score 9.6 Excellent Lendio business loans	Finder score 9.6 Excellent	$1,000	$10,000,000	Varies by lender	Operate business in US 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.	Go to siteView details Compare product selection Compare	loading
Finder score 8.9 Great Best Money	Finder score 8.9 Great	$5,000	$5,000,000	Varies by lender	Depends on the lender	Apply in minutes. Get funded fast.	Go to siteView details Compare product selection Compare	loading
Finder score 9.6 Excellent Advance Funds Network	Finder score 9.6 Excellent	$10,000	$5,000,000	Varies by lender	6 months in business, at least $10,000 in monthly revenue	A range of funding options for your business	Go to siteView details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.

Read the full breakdown

Types of business debt consolidation loans

Here are the most popular types of business loans used for debt consolidation.

How to qualify for a business debt consolidation loan

To qualify for a debt consolidation loan, you’ll need to meet the lender’s revenue, credit score and time-in-business requirements. While every lender is different, be prepared to meet the following criteria:

• At least one year in business
• A personal credit score of 670 or higher
• At least $50,000 in annual revenue

Because a new debt consolidation loan is adding to your existing debt load, the lender will need to verify you can handle the new payment based on your revenue and cash flow.

How to apply for a business debt consolidation loan

Applying for a debt consolidation loan is similar to applying for other business loans. You’ll need to prepare your application, compare lenders and ensure your budget can handle the new payment after you consolidate.

1. Determine the loan amount. Go over your debts and get the total payoff amount for each. The total of all your debts is the amount you need to borrow. Next, calculate the amount you’ll pay with a new loan. If it’s higher than what you’d pay each lender individually, it may not be worth it.
2. Check your business and personal credit score. Your credit scores determine which lenders you can work with and the APR you’ll qualify for. But even with bad credit, you may still qualify for a debt consolidation loan.
3. Compare and consult lenders. Banks and larger online lenders are a good place to start your search. Confirm that debt consolidation is an option. Some may restrict businesses from using their funding to pay off other debts.
4. Gather your documentation. Required documents typically include bank statements, tax returns, financial statements and other documents. You may likely need to provide a personal guarantee as well.
5. Submit an application. Fill out the full application and upload the required documents or link to your financial accounts. Be sure to review the application for accuracy before submitting to avoid delays in processing. You can check out no or low-doc business loan options if you’d prefer to skip a lengthy application process.
6. Review and finalize your loan. If you’re approved, review your loan documents and confirm that your loan makes financial sense. It should reduce the total cost or lower your monthly payments. Check for any hidden fees or prepayment penalties.

Where can I find a business debt consolidation loan?

Loans for debt consolidation are available from traditional banks, credit unions and online lenders. While banks and credit unions tend to have the lowest rates — especially if you’re an existing customer — online marketplaces like Lendio, Lendzi and Biz2Credit have multiple lender relationships, which could help you snag a good deal.

How to prequalify for a business loan

Prequalification involves answering a series of questions about yourself and your business to determine your eligibility before you formally apply for a loan.

Here are the general steps:

1. Visit the lender’s website and fill out the prequalification form.
2. Provide information about yourself and your business.
3. View your loan options and compare offers.

Once you’ve narrowed down your options based on your prequalification offers, you can formally apply for a loan with the lender of your choice.

What should I do if I was denied a business debt consolidation loan?

If your application was denied, start by reviewing everything you submitted. Double-check your revenue figures, time in business, outstanding debt amounts and credit information to make sure there weren’t any errors or missing documents. Even small mistakes can affect an approval decision.

If everything appears accurate, contact the lender and ask for specific reasons your application was declined. Before applying again, take steps to address that weakness, such as paying down debt, increasing revenue, bringing on a co-signer or waiting until your business has more operating history.

Alternatives to debt consolidation loan

Taking out a new business loan isn’t the only way to consolidate high-interest business debt. Consider these alternatives:

• Personal loan. Some lenders may let you use a personal loan for business expenses. Personal loans aren’t dependent on your business revenue or time in business, making them ideal for newer businesses that may not qualify for a business loan.
• Home equity loans or HELOCs. If you own a home with at least 20% equity, a home equity loan or HELOC may be a cheaper borrowing option than a business loan or credit card. But if you can’t keep up with the payments, you could risk losing your home.
• Rollover for business startups (ROBS). A ROBS is a strategy that allows your business to access funds in your retirement account without penalty. To qualify, your business must be a C Corp, and it’s recommended to have at least $50,000 in your account. But you could face heavy fines if done incorrectly, so consider hiring a professional if you choose this route.

Frequently asked questions

• Can I get a business loan to consolidate debt?

  You can use a business loan to consolidate debt, as long as the lender allows debt refinancing as an approved use of funds. Many term loans and SBA loans can be used to pay off existing business debt, though eligibility requirements and refinancing rules vary by lender and loan type.

• Is business debt consolidation a good idea?

  Consolidating business debt can be a good idea if you qualify for a lower interest rate or longer repayment term that reduces your total cost or improves cash flow. However, if the new loan carries a higher APR or extends your repayment period significantly, it could increase the overall cost. Review the terms carefully before moving forward.

• How to pay off $30,000 in business debt in 2 years?

  Start by calculating the total monthly payment required and building it into your budget. You may be able to accelerate repayment by consolidating your debt into a lower-rate loan, cutting nonessential expenses, increasing revenue or making extra principal payments when cash flow allows.

• What is the best company to get a debt consolidation loan?

  There isn't one "best" debt consolidation company for everyone. The right lender depends on your credit profile, time in business and whether your goal is to lower your interest rate or just simplify payments. Established businesses with strong credit may find the best rates with banks or SBA lenders, while newer or lower-credit businesses may need to consider online or alternative lenders.

To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.

Written by

Christi Gorbett

Contributor

Christi Gorbett is a freelance writer with more than eight years of experience and a master's degree in English. She’s created a wide range of content for banks, financial product comparison sites, and marketing companies on topics like small business loans, credit cards, mortgages, retirement planning, lender reviews, and more. As a former teacher, Christi excels at making complex financial topics accessible and easy to understand. Her interest in finance grew when she returned to the U.S. after living in South Korea for nearly a decade. This shift was driven by several personal financial challenges: rebuilding her financial base after the move home, starting her own business, and catching up on retirement savings. These experiences deepened Christi’s practical understanding of finance and intensified her interest in the field. See full bio