Best Business Loans
Compare business loan options by APR, term, funding speed, and revenue requirements.
Lendio
MarketplaceBlueVine Business Loans
FintechFunding Circle
Online LenderOnDeck Business Loans
Online LenderCredibly
Online LenderLoan Payment Calculator
Compare monthly payments and total interest across different loan terms to find the right fit for your budget.
Loan Payment Preview
Lowest monthly
$365
Loan amount
$20,000
Min interest (24mo)
$1,600
If you have multiple debts: Avalanche vs. Snowball
Two proven strategies — pick the one you'll actually stick to
Avalanche
Mathematically optimal
Pay minimums on all debts, throw every extra dollar at the highest-interest debt first. Saves the most money in interest.
Best for: Disciplined, numbers-driven people
Snowball
Psychologically powerful
Pay minimums on all debts, attack the smallest balance first regardless of rate. Fast wins keep you motivated to continue.
Best for: People who need early momentum
Only borrow for appreciating assets or cost reduction. A loan to consolidate 22% credit card debt into a 10% personal loan is smart. A loan to fund a vacation is not. Debt is a tool — use it purposefully.
Key loan concepts
Understand these before you apply
APR ≠ interest rate
APR includes origination fees rolled into the cost. A loan with a 9% interest rate and a 2% origination fee has a ~10.8% APR. Always compare APRs, not interest rates.
Pre-qualification doesn't hurt your score
Soft credit pulls for pre-qualification don't affect your score. Only hard pulls (formal applications) do — and multiple hard pulls within 14 days for the same loan type count as one.
Shorter terms cost less overall
A $20,000 loan at 10% APR: 36-month term costs $3,231 in interest. 60-month term costs $5,496 in interest — 70% more. Pay the most you can afford per month.
Secured vs. unsecured matters
Secured loans (backed by collateral like a car) have lower rates but you risk losing the asset. Unsecured personal loans are costlier but no collateral is at risk if you can't pay.