Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Best business loans for excellent credit

Compare lenders for businesses in every stage for owners with a 740 credit score or higher.

Having a credit score of 740 or higher — or excellent credit — works in your favor if you’re looking for a business loan. But when it comes to business financing, your credit score isn’t as important as it would be with a personal loan. Banks typically weigh cash flow and your time in business over the owner’s credit scores.

How we picked these best business lenders

We compared the rates, terms and different needs of business owners who are in the market for financing — with particular attention to low rates that excellent credit might help you win. We included a range of types of lenders and a connection service to meet the needs of different types of businesses.

6 best business loans for excellent credit

  • Best for comparing all of your options: Lendio
  • Best for businesses in the startup phase: LendingClub
  • Best for SBA loans: SmartBiz

Best for comparing your options

Lendio business loans

9.6 Excellent

Go to site Read review
Loan amount$1,000 – $5,000,000
APRVaries by lender
Min. Credit Score580

Best for businesses in the startup phase

LendingClub business loans

9 Excellent

Loan amount$5,000 – $500,000
APR12.15% to 29.97%
Min. Credit Score580

Best for SBA loans

SmartBiz business loans

9 Excellent

Loan amount$50,000 – $500,000
APRPrime Rate, plus 2.75% to 4.75%
Min. Credit Score650

Best for short-term financing

Rapid Finance small business loans

7.5 Great

Go to site
on Businessloans.com's secure site
Loan amount$5,000 – $1,000,000
APRNot stated
Min. Credit Score600

Best for credit union loans

Lake Michigan Credit Union business loans

6.8 Standard

Loan amountUp to $50,000
APR5% to 7%
Min. Credit Score700

Best for bank loans

PNC Bank business loans

5.1 Standard

Loan amount$20,000 – $100,000
APRNot stated

The best bank loan for excellent credit might be your local bank

Community banks can be a great option for small business owners that want to develop a strong, long-term relationship with a lender. Community bank loan officers are experts in your area’s business marketplace and can become a partner in growing and developing your business safely. 

It might take a few weeks to fund your first loan. But once they get to know your business, your lender should learn to anticipate your business’s financing needs so you never need an emergency loan.

Summary of best business loans for excellent credit

LenderMinimum credit scoreBest for … Finder RatingWhat sets it apart
SmartBiz
650
SBA loans
★★★★★

4.3 / 5.0

A network of SBA-preferred lenders and packaging services to simplify the application process.
PNC Bank
Bank loans
★★★★★

2.53 / 5.0

Online accessibility with the option for an in-person application.
Lake Michigan Credit Union
700
Credit union financing
★★★★★

3.4 / 5.0

Low rates and a nationwide reach.
LendingClub
580
Businesses in the startup phase
★★★★★

4.5 / 5.0

Low time in business and revenue requirements.
Rapid Finance
600
Short-term financing
★★★★★

3.74 / 5.0

Rate discounts for good and excellent credit.
Lendio
580
Comparing multiple offers
★★★★★

4.79 / 5.0

Over 300 partner providers in its network.

Other business loans you can apply for today

See what else is out there by selecting ranges for the amount you’d like to borrow, revenue, time and business and the excellent credit score range.

1 – 5 of 5
Product USFBL Finder Score Min. Amount Max. Amount APR Requirements
Finder score
$2,500
$5,000,000
Varies by lender
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.
Finder score
$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.
Finder score
$1,000
$5,000,000
Varies by lender
Operate business in US for 6 months or more, have a business bank account, minimum 580 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.
Businessloans.com Main Product  logo
Finder score
$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.
National Funding logo
Finder score
$5,000
$500,000
Undisclosed
In business 6+ months and make at least $250,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
loading

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 Finder Score breakdown

How to choose the best lender for your business

The best lender for your business depends on several factors, such as what type of financing you need, the time you have to spend on the application and what your business can qualify for. Follow these steps 

  1. Define your priorities. Ask yourself questions to figure out what’s the most important to you. For example, are low rates more important than speed? Knowing what you want out of a lender is key to narrowing down your choices.
  2. Compare types of lenders. Start your search by comparing different types of business financing and lenders to see which offer the type of financing you need — and which might accept your business.
  3. Compare actual lenders. Rule out any lenders that don’t offer the rates, terms and loan amounts you’re looking for or any provider you definitely can’t qualify with.
  4. Prequalify. Reach out to your top choices to get an estimate of the types of rates you might receive. With some lenders, you can prequalify by filling out an online form. Others might require a phone call.

Bottom line

Having excellent credit isn’t the only factor that lenders consider when you apply for a business loan. In fact, your time in business, revenue and cash flow often count more toward your application than your credit score. Get the basics on business financing with our guide to business loans.

Anna Serio's headshot
Written by

Editor

Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio

Anna's expertise
Anna has written 163 Finder guides across topics including:
  • Personal, business, student and car loans
  • Building credit
  • Paying off debt
More resources on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More guides on Finder

Go to site