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Compare sites like Wise Business Loans

Qualify for a business loan of up to $2,000,000, even if you have bad personal credit

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Fact checked

Editor's choice: LendingClub business loans

LendingClub business loans logo
  • No prepayment penalty
  • Funds in as early as a few days
  • Loans up to $500,000
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Are Wise Business Loans worth it?

Pros

  • Fast turnaround, with minimal paperwork required.
  • No prepayment penalty.
  • Apply with a low personal credit score, even in the 500s.

Cons

  • No pre-approval.
  • Daily loan repayment could eat into cash flow.
  • High rate of loan renewals, which could indicate inability for borrowers to repay high rates.
  • $100,000+ minimum annual revenue required.

Looking for business lenders with more transparent rates and terms?

Alternative sites like Wise Business Loans


Kabbage logo logo business loans

1. Kabbage

Get access to ongoing funds for your small business with a Kabbage line of credit of up to $250,000.

Pros

  • Link your business accounts for added convenience when applying.
  • Borrow only what you need and pay it back on your own schedule.
  • Three ways to withdraw funds: online, mobile app, and card.

Cons

  • Monthly fee could be as high as 10% of the borrowed amount.
  • Business revenue must be over $50,000 a year.


OnDeck logo business loans

2. OnDeck

OnDeck offers term loans of up to $250,000 and lines of credit of up to $100,000 with fast application processing and funding.

Pros

  • Fast application, approval and funding process.
  • Available in all 50 states.
  • Loyalty benefits for returning customers.

Cons

  • Business revenue of $100,000+ per year required.
  • Some industries not eligible for a loan.
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lendingclub logo

3. LendingClub Business Loans

Offering fixed-rate loans of up to $500,000, your business can get the affordable financing it needs.

Pros

  • Prepay without penalties.
  • Fixed interest rate.
  • Quick approval.

Cons

  • Lien required for higher amounts.
  • Check fee of $7 per payment.
  • Not for new businesses.
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SmartBiz logo business loans

5. SmartBiz SBA Loans

Looking to grow your business? You could qualify for up to $5,000,000 with a low interest rate, longer term SBA loan.

Pros

  • Prequalify in minutes.
  • Quick turnaround for smaller loans.
  • Long repayment terms.
  • Connects you with multiple options.

Cons

  • Fee for prepayment.
  • Longer turnaround time for large loans.
  • Good personal credit required.
  • Restrictions on how funds can be used.
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Biz2credit logo business loans

6. Biz2Credit

A secure business lender connection platform that could help you get up to $100,000 to finance your small business.

Pros

  • Network of legit business lenders with a wide variety of financing options.
  • Fast funding options available.

Cons

  • Not a direct lender.
  • $250 – $400 underwriting fee if you accept a loan their platform.
  • Typically requires good personal credit.


See how other top providers compare to different lenders by checking out A-to-Z directory.

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