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Wise Business Loans review

Apply online for quick access to small business capital in as little as two business days after approval.

Wise Business Loans offers funding of up to $2,000,000 to small businesses in over 725 industries. You’ll learn how this online business lender stacks up to other providers offering business financing, and how to apply today.

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Min. Amount$10,000
Max. Amount$2,000,000
Min. Credit Score500
RequirementsYou must have been in business for at least a year with annual revenue of at least $100,000 in the past 12 months. You must also have a personal credit score of 500+.

Bottom line

Wise Business Loans could be a way for you to get the funding you aren’t able to get from a traditional bank. But it comes with a few major drawbacks that include daily loan repayments that could eat into your bottom line.

The lender analyzes more than an owner’s credit history, taking into account the business’s overall cash flow to determine rates and loan terms. But Wise isn't up front with its rates and terms prior to applying. Research other business lenders to find a loan with terms, rates and repayments that best suit your needs.


  • Fast turnaround on your loan, within a day and your funds within two days.
  • No prepayment penalty means you won’t be penalized with a prepayment fee.
  • Poor credit borrowers have been approved with credit scores in the 500s.
  • Focus on business financial health instead of only the credit score of the owner.
  • Approves new business owners with application requirements that you be in business for only a year.


  • Nontransparent rates and terms mean you won't know what you're eligible for until you apply.
  • Daily loan repayment tend to require daily automatic withdrawals, which can eat away at your business's cash flow.
  • High rate of loan renewals could mean borrowers unable to repay large amounts due over a short time period require another loan as a temporary fix.
  • High minimum annual revenue required of at least $100,000 in revenue in the past year before they're eligible to apply.

Our take on Wise

Wise Business Loans, offered through Sunwise Capital, can provide the opportunity for business owners who may have been turned down from traditional banks to get the funding they need.

Providing services all across the US, the lender uses a performance-based model that makes fair financing available to business owners who were previously denied a traditional bank loan. Wise Business Loans can be used to expand a business, provide working capital, manage cash flow and more.

And repayment frequency tends to be daily, which could hurt your cash flow if your business account balances vary widely throughout the month. Explore your other business financing options, including lenders like Wise Business Loans that may not require daily repayments.

Compare Wise Business Loans to other online business lenders

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 3.75 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $250,000
Starting from 8.99%
6+ months in business; $150,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

3 main points of eligibility for a Wise Business Loan

Meet this eligibility criteria before you apply.

  1. In business for at least a year.
  2. A personal credit score of at least 500.
  3. Attained business revenue of at least $100,000 in the 12 months prior to applying.

6 items you'll need to apply

You’ll complete a simple one-page online application that includes:

  • A legal business name.
  • Your full name and contact information.
  • Company’s type or industry and years in business
  • Business annual gross revenue.
  • Business monthly credit card sales.
  • The loan amount you’re requesting.

Additional information may be necessary to disburse funds after you’ve been approved for your loan.

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