Quicken business loan alternatives

You might assume one of the pioneers of online lending offers business loans. But you’d be wrong.

True, Quicken offers other business products like tax software, and its sister company Rocket Loans provides personal loans. But you can’t get a loan in your business’s name with this provider. Luckily, there are alternatives.

Why doesn’t Quicken Loans offer small business loans?

It’s unclear why Quicken Loans has never entered the business loans space. But currently its main focus is on mortgages.

One reason could be that business loans come with a higher risk for the lender. They typically come in higher amounts, and there’s always the chance your business won’t make enough to pay it back. Another reason could be that mortgages and business loans are simply too different.

3 alternatives to Quicken business loans

There’s no one right type of financing for all businesses — it varies based on your company’s specific needs and goals. Here are three online providers that may be able to help.

1. Best for fast, short-term funding: LoanBuilder, A PayPal Service

LoanBuilder business loans

4.2 / 5 ★★★★★

• Overview
• More Details

This online provider specializes in short-term loans for midsize businesses that need money quickly. Businesses owners can apply online and get funds as soon as the next business day.While its time-in-business and revenue requirements are on the high side compared to similar products, business owners don’t need good personal credit to qualify.

Loan amount	$5,000 – $100,000
APR	6.49% - 19.31%
Loan term	3.25 to 12 months
Requirements	Annual business revenue of $33,300+, 9+ months in business, 580+ personal credit score

Loan amount	$5,000 – $100,000
APR	6.49% - 19.31%
Min. Credit Score	580

2. Best for working capital: Credibly

Credibly business financing

3.8 / 5 ★★★★★

• Overview
• More Details

This unsecured business loan provider specializes in cashflow financing for new businesses that are trying to stay afloat. You can typically borrow up to 150% of your average monthly deposits. And instead of interest, it charges a fixed fee that requires daily or weekly repayments. While it can be expensive, it has relatively minimal requirements compared to traditional business loan providers.Looking to fund a long-term project? Credibly also offers business expansion loans with more selective requirements to qualify.

Loan amount	$5,000 – $400,000
APR	Not applicable
Loan term	3 to 15 months
Requirements	6+ months in business, $15K+ in monthly deposits, 500+ credit score, Need business bank account

Loan amount	$5,000 – $400,000
APR	Not applicable
Min. Credit Score	500

3. Best for traditional business loans: OnDeck

OnDeck short-term loans

4.6 / 5 ★★★★★

• Overview
• More Details

This top online lender offers traditional term loans and lines of credit to established small businesses that need funds to expand or cover daily expenses. It’s also partnered with Quicken’s parent company, Intuit, to offer a line of credit to QuickBooks users.OnDeck’s term loans could be a good choice if you’re looking for a lender to build a relationship with: Repeat borrowers can qualify for lower fees and extra services. But it charges daily or weekly repayments, so this might not be the best choice if your business is struggling with cash flow.

Loan amount	$5,000 – $250,000
APR	Average is 60.9%
Min. Credit Score	625
Loan term	3 to 24 months
Requirements	Companies in business at least 1 year, $100,000+ in gross annual revenue, majority owner with a 625+ personal credit score, active business checking account

Loan amount	$5,000 – $250,000
APR	Average is 60.9%
Min. Credit Score	625

Does Quicken offer similar loans?

Quicken doesn’t offer business loans. But you could fund business expenses with a personal loan from Rocket Loans, its sister company.

You can borrow up to $45,000 at rates running from 7.16% to 29.99%. However, rates and terms depend on your personal finances, so it might not be the best choice if you have weak credit. And if you’re looking for funds to start a business, you might want to apply before you quit your day job — you’ll need to show proof of personal income to qualify.

Quicken software for businesses

Business owners might also want to look into Quicken’s tax and accounting software. It can track both your personal and business transactions and store them in one place — particularly helpful for sole proprietors.

Compare more business loan providers

{“niche”:”USFBL”}

1 – 5 of 5

Updated regularly

We update our data regularly, but information can change between updates. Confirm details with the provider you’re interested in before making a decision.

Learn how we maintain accuracy on our site.

Close

Sort by:

Name	Product	Filter Values	Min. Amount	Max. Amount	APR	Requirements
National Business Capital business loans Finder Rating: 4.3 / 5: ★★★★★ National Business Capital business loans Finder Rating: 4.3 / 5: ★★★★★			$100,000	$10,000,000	Starting at 1.5%	1+ Year in Business, $500,000 in Annual Revenue	Get high loan amounts at competitive rates. Plus, advisors are on standby to help you through the process.	Go to site More Info	Compare	loading Fetching your data…
$10MM+ funded! Lendio business loans Finder Rating: 4.8 / 5: ★★★★★ Lendio business loans Finder Rating: 4.8 / 5: ★★★★★			$1,000	$5,000,000	Starting at 3%	Operate business in US or Canada for 6 months or more, have a business bank account, 500 personal credit score, at least $8,000 in monthly revenue	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…
Lendzi Finder Rating: 4.7 / 5: ★★★★★ Lendzi Finder Rating: 4.7 / 5: ★★★★★			$5,000	$2,000,000	Starting from 3.9%	525+ credit score, one year in business, at least $50,000 annual revenue	Compare lending options and get funded fast.	Go to site More Info	Compare	loading Fetching your data…
BusinessLoans.com Finder Rating: 4.4 / 5: ★★★★★ BusinessLoans.com Finder Rating: 4.4 / 5: ★★★★★			$5,000	$3,000,000	Varies by loan type and lender	Must have been in business between 1 to 2 years, have a minimum revenue of $75,000 to $250,000 and have a minimum credit score of 500 to 650.	Complete a three-minute form to see loans that fit your business’s needs. Compare offers without a hard credit check.	Go to site More Info	Compare	loading Fetching your data…
Loanspark Finder Rating: 4.6 / 5: ★★★★★ Loanspark Finder Rating: 4.6 / 5: ★★★★★			$10,000	$20,000,000	Starting at 1%	600+ personal credit score, 1+ years time in business, $500,000 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…

loading

CompareClear

Bottom line

Quicken Loans might not currently provide business financing. But there are many other business lenders out there that offer the kinds of services Quicken helped establish, such as easy-to-follow online applications and fast turnaround.

Curious about your other business loan options? Read our guide to business financing to compare even more lenders.

Frequently asked questions

What’s the fastest online business loan?

Many online providers offer funding in as little as 24 hours after approval. However, how long it takes to get approved will depend on your specific application.

You can compare fast business loan providers by reading our guide to quick business loans.

How long has Quicken Loans been in business?

Quicken Loans was first founded in 1985 under the name Rock Financial. Over the past 34 years, it’s paved the way for online providers in the home loans space — earning 14 total J.D. Power awards, more than any other mortgage lender in history.

Does Quicken Loans offer personal loans?

No, Quicken Loans is a mortgage provider, so it only offers home loans. However, its sister company, Rocket Loans, provides personal loans. You can read our review of Rocket Loans to learn more about how it works.