: Best for startups
$250,000
No
- SBA 7(a)
- SBA 504
- SBA Express
Pros
- Short business history requirement
- Accepts low credit scores
- No prepayment penalties
Cons
- May share your contact info with third-party lenders
- Not part of the SBA Preferred Lender Program (PLP)
- Shorter terms than other SBA lenders
Why we picked it
is a marketplace lender that assesses your specific criteria and presents you with the most ideal SBA-approved lenders. While SBA providers typically require businesses to operate for at least two to three years before extending credit, offers startup financing after only six months of business history.
In addition to SBA loans, helps connect you with partner lenders offering business term loans, lines of credit and equipment financing. There are also options for next-day financing for non-SBA loans.
But like Creditfy above, they’re not an SBA Preferred Lender, so application times for SBA loans may be longer.