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Compare sites like LendingClub for business loans

Find a loan with a faster turnaround and more support than LendingClub offers.

LendingClub no longer offers investor-funded business loans. But you can still apply for financing that’s funded by its partner lender, Opportunity Fund, on LendingClub’s peer-to-peer platform. Loans from Opportunity Fund range from $5,000 to $500,000, with rates starting at 12.15% APR.

It accepts fair credit scores as low as 580 and only requires a year in business to qualify. But it can take longer than your average online lender to receive your funds, and it may not offer as many resources as other providers offer. Compare these alternatives before you apply.

Our top 5 sites like LendingClub for business loans

Like LendingClub these providers can get you a business loan online with limited paperwork.

For sole proprietors

Funding Circle business loans

4.4 / 5 ★★★★★

Funding Circle is a peer-to-peer platform that specializes in business loans. It has no minimum revenue requirements, making it a better choice than LendingClub for smaller businesses and sole proprietors. But if you can't meet LendingClub's other requirements, consider another lender. This one requires a slightly higher credit score and at least two years in business to qualify. It can also take longer than LendingClub to get your loan — up to five days.
  • Accepts fair credit
  • no minimum revenue
  • Strong reputation for customer service
  • Can take up to five days
  • High origination fee of 3.49% to 6.99%
  • Terms as short as three months
Loan amount$5,000 – $500,000
APR4.99% to 38.43%
Loan Term3 to 120 months
Requirements660+ personal credit score, 2+ years in business, for-profit business in an approved industry, not located in Nevada

For veterans

StreetShares small business loans

4.05 / 5 ★★★★★

StreetShares is another peer-to-peer business lender that specializes in financing veteran businesses. Its Patriot Express line of credit is the closest alternative to the now-defunct SBA Patriot Express program. But you can also find term loans and contract financing starting at $2,000. Rates might start slightly higher than LendingClub, and it has a lower maximum loan amount. But there are no hard credit requirements and it offers support and resources geared toward veteran business owners.
  • Loans as low as $2,000
  • No hard credit requirements
  • Resources for veterans
  • Rates as high as 75% APR
  • Origination fee of at least 3.95%
  • Low maximum loan amount of $250,000
Loan amount$2,000 – $250,000
APRStarting at 8%
Min. Credit ScoreNot stated
Loan Term3 to 36 months
RequirementsBe in business for 1+ year, $25,000+ annual revenue, have "reasonable" credit and be a US citizen.

For fair credit and lines of credit

OnDeck short-term loans

4.6 / 5 ★★★★★

Go to site
on OnDeck Capital's secure website
OnDeck is an online lender that offers short-term loans and lines of credit. It accepts credit scores as low as 600 and uses alternative data like shipping records to help you qualify for a lower rate than you might receive from another lender. But it's tougher to qualify for than LendingClub, and its starting APR is higher than LendingClub's maximum rate. Save OnDeck as a backup for LendingClub, or when you need a line of credit.
  • Accepts fair credit
  • Doesn't heavily rely on credit score
  • Funding as soon as the next business day
  • Only offers loans up to $250,000
  • High starting APR of 35%
Loan amount$5,000 – $250,000
APRAs low as 35%
Min. Credit Score600
Loan Term3 to 18 months
Requirements600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account

For SBA loans

SmartBiz business loans

4.5 / 5 ★★★★★

Go to site
on SmartBiz's secure website
SmartBiz is an online service that can connect you with an SBA lender and help you with the application service. While its packaging services come with a fee, it's less time-consuming than applying for an SBA loan on your own. And it can also connect you with a non-SBA bank loan if you'd prefer to work with a bank to get a traditional term loan.
  • SBA and bank loans available
  • SBA loan packaging services
  • Cuts down on SBA loan turnaround time
  • No loans under $30,000
  • Higher credit score requirement than LendingClub
Loan amount$30,000 – $5,000,000
APR4.75% to 7%
Loan Term10 to 25 years
Requirements640+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years

For quickly comparing your options

Lendio business loans

4.75 / 5 ★★★★★

Go to site
on Lendio's secure website
Lendio is an online connection service that has partnerships with over 300 business loan providers. It's a good place to start if you want to quickly compare options or aren't sure what type of financing you need. The main drawback is that by using its services, you're agreeing to send your information to its partner providers. While it's transparent about the providers it works with, you could receive calls and marketing emails from its partners, even after you take out a loan.
  • Over 300 partner lenders
  • Loans from $500 to $5,000,000
  • All credit types accepted
  • Not a direct lender
  • Spotty customer service
Loan amount$500 – $5,000,000
APRStarting at 6%
Loan Term1 to 25 years
RequirementsOperate business in US or Canada, have a business bank account, 560+ personal credit score

How does LendingClub compare?

You can read our review of LendingClub for a full overview of how its business loans work. But here are the main benefits and drawbacks of this provider.


  • Loans from $5,000 to $500,000
  • Low $50,000 annual revenue requirement
  • Accepts fair credit


  • Relatively high starting APR of 12.15%
  • No longer directly funds loans
  • Flat origination fee of 5.99%

Read about our picks for the best business loans of October 2021 for more options.

More guides on Finder

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