The Best Business Loan Companies for 2021

Are you fed up with the frustrations of dealing with big banks and lenders? Don’t miss out on the best small business loans available online. Our focus is on online lenders and small business loan companies who are able to supply quick and transparent financing. Read the best online lender reviews below, learn about the process and how to optimize it.

… Before You Apply for a Small Business Loan Through a Lender…

If your goal is not to find a specific business lender but rather get the quickest business financing from small business loan companies, we recommend using Become’s unique matching algorithm, connecting you with the best opportunities for you on the market.

→ Apply for a small business loan with 15 lenders in one click!

Apply for The Best Small Business Loans 2021

The following online small business lenders are editorially selected and provide the best online small business loans with quick applications and approval processes, while providing clarity on repayment schedules. The business loan interest rate will not necessarily be the lowest with these lenders, but the process will be the smoothest.

#1 Veteran, Reliable and Friendly
Editorial Rating 97.0%
  • Funding: $5,000 to $300,000
  • Multi-award Winning Market Leader
  • 1-2 Days for Response to Application
  • 4.9 / 5 on TrustPilot
  • Unsecured Business Loans Available
  • 100,000+ Businesses Funded Worldwide
#2 Best for Invoice Financing
Editorial Rating 94.8%
  • Funding: $1,000 to $100,000
  • Very Easy to Set Up
  • Line of Credit + Invoice Finance Available
  • Strong Tech and Interface
  • 4.5/5 on TrustPilot
  • Prestigious Industry Awards
#3 An Advanced Financing Platform
Editorial Rating 93.1%
  • Funding: $5,000 to $250,000
  • Secured Business Loans Only
  • Machine Learning Based Algorithm
  • Smooth Process
  • For FICO Score 600+
#4 World Renowned Lender
Editorial Rating 90.7%
  • Funding: $5,000 to $500,00
  • Great Reputation
  • Large Lender
  • Excellent Rates Obtainable
  • Unsecured Lending
  • Very Easy for Beginners

Small Business Loans Comparison?

There are easier ways to decide online.

If you require funding of $5,000 to $500,000, you could use an online marketplace, rather than applying to the best small business lenders on a one-by-one basis. A marketplace is essentially an aggregator of many options readily available for small business lending, regardless of the size of your business, your location, or your credit score – a good marketplace will be able to offer you solid options, mitigating the need to compare many different options yourself. A good marketplace will also only accept the absolute best small business loan companies, making your decision safe and easy.

Our marketplace of choice, with editorial rating of 94% is Become Business Loans:

Visit Become ( Marketplace

Read Our Become Business Funding Review


Small Business Loan Company Reviews: How to Compare

The target we have set for ourselves here at is to compare and review the best financing options a business can have. We don’t necessarily compare the quality of the lender by traditional means of the APR.

Our goal is to help find the best place for online business loans for small businesses, and knowing what businesses really care about, we understand that while big banks cater to larger, more established businesses with meticulous business plans at their disposal, that’s not what small businesses care about most.

There is no best way to get a small business loan but to our judgement smaller U.S businesses care about the following:

  • How easy it is to apply online
  • How quickly will I receive my business funding
  • Do I have a clear repayment schedule
  • Is this a company I can trust
  • Will it be easy for me to re-borrow funds when I need to

And while the actual interest rate paid makes a substantial difference in any business’ finances, the majority of businesses don’t really qualify for the lower-interest bank business loans out there – and even if they do, the type of groundwork required to apply and the very long period it takes before you actually receive the financing to your bank account, can easily deter them from completing the process with the bank. 

So how do you rank online business loan companies if not by interest rate?

  • Appropriate regulation or have a banking partner who has the satisfactory qualification by the SEC to lend money to small businesses in the USA.
  • Large and established (compared to other lenders, not banks), who have been in the business for several years and have funded businesses for at least hundreds of millions of dollars.
  • Willingness to provide unsecured business loans for small businesses. Our focus is on unsecured business funding.
  • Flexibility on loan terms, size, and repayments to tailor them to the borrowing business.
  • Diversity of funding options available – for example, the ability to borrow money through invoice financing.
  • Quick and easy application processes and user-friendly websites that make the whole procedure smoother.
  • Not limiting the usage the borrower can do with those funds.
  • Great reputation and lender reviews.

Small Business Funding Reviews

Top 5 of the Largest Small Business Lenders Online:


Lending Club Review


With more than 2,000 employees, Lending Club, a publicly traded company, is one of the absolute dinosaurs providing business loans to small businesses. The firm, which was started in 2006, has received tremendous acceptance online from both media and borrowers with 98% positive online reviews. It is generally regarded as one of the best small business loan companies in the U.S today.

The company boasts a moderate average APR for its small business financing (approximately 10.5% APR) which is very impressive considering the fact 100% of their lending is unsecured and under $100,000.

Expedited Loan Application Lending ClubReview – All Data


BlueVine Review

Bluevine logo new

BlueVine leads the pack of the best online small business loan companies for secured lending under $250,000 for periods of 6 to 12 months, as well as a line of credit. The company boasts more than $3bn in money lent to American small businesses since BlueVine’s inception in 2013.

Expedited Loan Application BlueVine Review – All Data


OnDeck Review

ondeck logo new

OnDeck is one of the best known names in the small business lending industry, and is a multinational corporate, regulated to operate as a small business lender in the US, Canada and Australia. The company boasts the fact it is always extremely transparent and easy/flexible about repayments, in addition to an array of free tools available for customers such as credit score calculators.

OnDeck has lended more than 1bn USD since its establishment and is traded on the NYSE under ticker ONDK.

While OnDeck can be more difficult in accepting newer or less established businesses than some of its peers, the type of A+ journey it provides, with 97% of all online reviews pointing at “positive experiences” suggests it is well worth applying and highly recommended.

Expedited Loan Application OnDeck Review – All Data


FundBox Review


FundBox is a unique option for quick and easy business financing, either via drawing down on a line of credit or against unpaid invoices. In layman terms, what FundBox does is use the unpaid invoices your business has issued as a form of a guarantee. The company offers $1,000 to $100,00 in a line of credit.

The company has grown to be a leader in its niche netting prestigious awards such as the 2018 Best Overall Business Lending Company by FinTech Breakthrough.

Expedited Loan Application FundBox Review – All Data


Best Business Funding Tips for 2021

Borrowing money to run or expand your business is not an easy decision to be making. Business financing is one of those critical crossroads in which if you travel the wrong path, your business may end up troubled.

When you borrow funds, there is more to it than finding the best way to borrow money for your business, or discovering the best place to get a small business loan. It’s about borrowing the right amount of money at the right time for you to be able to repay it successfully and still achieve your goals.

That’s why you should never borrow money you aren’t 100% certain you can repay by the due date. We know it’s easier said than done, but the downward spiral you will be sucked into if you CAN’T make your repayments is simply not worth the risk. If you have an appetite for risk and looking to borrow money to expand your business, you could go for equity financing or the like – but borrowing money that accumulates high interest from an online lender should be a shorter-term cash flow gap fulfillment rather than a way to borrow money instantly without looking back.

That’s why it also makes sense to go through a small business financing process with your own bank, as there is a high likeliness, based on 2019 data that the interest you will pay will be 2.5-6% APR as opposed to an online loan with a wide range of 7-10% APR, Invoice Financing at 13% and up, and Merchant Cash Advance up to 250% APR. Statistically you should be able to access CHEAPER funding through your bank.

As concluding words – we can say that reading small business lender reviews and following up with our business loan comparison has been a smart move, but there is more to business finance than finding out who the best online small business loan is – and you need to make a comprehensive research before pulling the trigger. Good luck!